MarkNtel Advisors has recently published "Automotive Brake Components Market Analysis Share, Growth, Demand, Forecast  2028," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the Automotive Brake Components Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.

The report indicates that the Automotive Brake Components Market is anticipated to experience a CAGR of approximately 6% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.

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Market Dynamics

Key Driver: Stringent Government Regulations for Enhanced Safety in Vehicles

Governments of various countries worldwide are laying out strict regulations for automakers to include enhanced safety features in vehicles, owing to which technologies like ABS (Anti-lock Brake Systems), BA (Brake Assist), EBD (Electronic Brakeforce Distribution), & AEB (Advanced Emergency Braking) have gained traction in the past few years, in order to reduce road accidents. ABS provides enhanced vehicle stability & directional control and aids in minimizing stopping distance when hard brakes are applied. On the other hand, BA is based on ABS technology & is used usually in combination with ABS to reduce the stopping distance by around 45%. Next is EBD, i.e., the extended version of ABS that helps distribute equal force to each wheel and offers benefits like improved traction, better stability, & enhanced braking efficiency. Hence, the burgeoning adoption of these technologies by automakers to comply with stringent government regulations is projected to drive the Global Automotive Brake Components Market during 2023-28.

Recent Developments

  • In March 2022, Nisshinbo Holdings Inc. formed a JV (Joint Venture) with Continental AG (Continental) in Gurgaon, Haryana, India, for the local production of valve blocks, i.e., the main component of EBS (Electronic Brake Systems). The newly established enterprise, i.e., expected to commence operations from April 2023, will work on localizing machining for valve blocks meant for ESC (Electronic Stability Control) for passenger cars and ABS (Anti-lock Brake Systems) for both two-wheelers & passenger vehicles.
  • The same month & year, BOSCH announced the expansion of its plant in Aguascalientes with an investment of around USD 84 million in opening a new facility for the production of a new generation of brake systems for its North American customers.

Segmenting Success: Unveiling Opportunities in the Automotive Brake Components Market 2023-2028

The Automotive Brake Components Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:

Based on Vehicle Type

- Medium and Heavy Commercial Vehicles

- Light Commercial Vehicles

- Passenger Cars

- Others

Based on Sales Channel

- OEMs

- Aftermarket

Based on Product Type

- Brake Caliper

-- Floating Caliper

-- Fixed Caliper

- Brake Pad

-- Metal

-- Ceramic

-- Organic

- Brake Rotor

- Brake Shoe

- Brake Line

Geographically, the Automotive Brake Components Market expands across the following:

- North America

- South America

- Europe

- Middle East

- Africa

- Asia-Pacific

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Unveiling the Competitive Landscape: Insights into Key Players in the Automotive Brake Components Market 2023-2028

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the Automotive Brake Components Market, ultimately seeking substantial revenue generation over the forecasted years.

- Nisshinbo Holdings.

- Hitachi automotive Systems Limited.

- Akebono Brake Industry Co., Ltd.

- Continental AG

- Wabco holdings Inc.

- Robert Bosch GmbH

- Aisin Seiko Co. Ltd.

- Valeo SA

- Delphi Automotive Plc

- Federal Mogul Holdings Corporations

- Others

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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