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Global Automotive Brake System Market to Show Impressive Growth Rate Between 2015025
by Jitendra Magar · August 31 Gabriel Landeskog Womens Jersey , 2018


The global automotive brake system market is primarily fueled by soaring demand for automobiles. This demand has been greatly spurred by global population explosion, better standards of living, rise of the middle class, and easier finance options. Mass production techniques used by automobile manufacturers and lower manufacturing cost has also boosted the production of passenger cars. This increase in demand for as well as supply of passenger cars has increased demand for efficient and reliable braking systems.


Growing focus on vehicle safety has also significantly benefited the market. Technologies such as traction control system (TCS), anti-lock braking system (ABS) Nathan MacKinnon Womens Jersey , electronic stability control (ESC), and regenerative braking have been developed in the last decade, and continuous development of such technologies are sure to drive the market. However, higher cost of developing these technologies can act as a restraint to industry growth.


There are two main types of brakes used: disc and drum. While disc brakes are mostly preferred in passenger vehicles, they also find application in commercial vehicles in Europe. Although drum-based systems are rather popular among auto manufacturers owing to their cost-effectiveness Matt Duchene Womens Jersey , disc-based variants are known to be more superior in terms of braking power.


Automotive brake systems find application in heavy commercial vehicles, passenger cars, two wheelers, and light commercial vehicles. Increasing demand for passenger cars, which can be attributed to rising disposable income and improved standards of living Matt Nieto Jersey , is expected to propel demand for automobile braking solutions over the forecast period. Growing R&D investments by light and heavy commercial vehicle companies in order to improve vehicle safety is also expected to have a positive impact on market growth.


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