keyboard_arrow_up

Brake System Market Projected at 29.4 Billion USD by 2020

The report Brake System Market by Application (PC, LCV, HCV, Off-Highway, Wagon, Locomotive, and RTV), Type (Disc and Drum), Technology (ABS, TCS, ESC, and EBD), Rolling Stock and Locomotive (Air, EP, ECP, and others), and Region - Global Forecast to 2020”, classifies and defines the brake system market, in terms of value and volume. The report offers insights on the potential growth opportunities for the brake market in near future. This report also highlights market drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects with regard to the brake market.

Browse 72 market data tables and 68 figures spread through 160 pages and in-depth TOC on “Brake System Market - Global Forecast to 2020”

Ask of Brief Illustration of the Report @: http://www.marketsandmarkets.com/pdfdownload.asp?id=1070

Early buyers will receive 10% customization on this report.

The brake system market for automotive, in terms of value, is projected to grow at a CAGR of 6.90% from 2015 to 2020.

Disc Brakes: Leading the brake system market for automotive

The automotive industry has witnessed rapid evolution over the past decade in terms of vehicle safety, as compared to previous stages in the history of the industry. This evolution has brought about significant changes in the industry, such as the advent of electrically assisted brake systems, and technologies such as ABS, ESC, TCS, EBD, regenerative braking, and brake-by-wire. The first key step towards the adoption of these technologies has been the widespread acceptance of disc brakes as the better option among the two main brake types. This led to an increasing penetration of disc brakes segment over that of drum brakes; the brake system market for automotive has now reached a point where the disc brake market is a dominant segment. This trend is projected to continue during the next five years, with the market presence of disc brakes expected to strengthen further, while the application of drum brakes is expected to be restricted to the lower-end of the market.

Request for Sample of the Report @: http://www.marketsandmarkets.com/requestsample.asp?id=1070

Asia-Oceania is estimated to account for the largest share of disc brake market in 2015. This growth can be attributed to the large number of automobiles manufactured in this region as well as the improved efficiency and better performance offered by disc brakes. The global disc brake market is projected to go grow at a promising CAGR from 2015 to 2020. As of 2015, the disc brake market is estimated to dominate the passenger car vehicles followed by LCVs and HCVs.

In this report, the brake system market has been categorized into six segmentations. The report also provides a competitive landscape, value chain analysis, PEST analysis, Porter’s Five Forces analysis, product life cycle, key suppliers, and their customers. It provides market overview and covers the technical aspects of brake systems. In addition to this, 10 key players in the brake system market have been profiled in the report, along with SWOT analysis.

In this report, the market size of brake system is provided in terms of volume as well as value. In terms of volume, the market size has been calculated in thousand units (‘000) from 2013 to 2020, whereas the market size, in terms of value has been calculated in USD million for the same period. The report covers brake system market in key countries of Asia-Oceania, Europe, North America, and RoW (rest of the world).

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Blog: http://mnmblog.org/market-research/automotive-transportation