Asia Pacific Automotive Brake Systems Market
Asia Pacific Automotive Brake Systems Market size was valued at US$20.99 Bn in 2018 and is expected to grow at a CAGR of XX % over the forecast period. Asia Pacific Automotive brake systems is… Automotive brake system is segmented by break type, by vehicle type, by technology and Country. Brake type is classified into disc brake, drum brake. Based on vehicle type market is split into passenger cars and commercial Vehicles. Technology is divided into ABS, TCS, ESC and EBD. Country wise market is segmented into Asia Pacific, China, Japan, India, South Korea, Australia, New Zealand, rest of the Asia Pacific. Growth in the safety concerns have led to governmental mandates that lay down the guidelines pertaining to vehicular safety norms. Increasing automotive brake system market is directly linked to the of the demand for passenger cars as well as commercial vehicles. Advancement in brake system such as anti-lock braking system allow drivers to have better control by preventing lock-ups and skidding. Rising cases of accidents and fatalities enforced governments to implement stringent safety regulations and reduce stopping distances. Ever-rising demand and succeeding vehicle production is considered as one of the biggest driver for the growing demand of the automotive brakes and global automotive brake system market penetration. Additionally, the increasing governmental mandates for improving the vehicle safety has strongly contributed to the demand of the Asia Pacific automotive brake system market. The major restraint in the automotive brake system market implies to be the higher cost of the advanced technology of Electronic Brake Systems (EBS) when compared to the commonly used Hydraulic Brakes. Disc brakes offer benefits such as optimal operation without the help of additional expenses for adjustment and cleaning, less cooling time and overall capacity. As compare to drum brakes, disc brakes provide better stopping performance, as the disc is cooled readily. Additionally, disc brakes are less prone to brake fade caused by overheating of brake components and they recover quickly from immersion. So, auto manufacturers are increasingly deploying disc brakes in vehicles owing to enhanced riding experience and growing demand for safety. Disc brakes offer larger controlled and shorter braking distance irrespective of the road conditions, thereby ensuring the safety of the occupants. Skype: +919212306116 Telegram: Shalabhmishra Contact No. : +919212306116 Email: [email protected]
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