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Brake Systems Market by Type (Disc & Drum), Electronic Brake System (ABS, TCS, ESC, & EBD), Off-Highway Vehicles (Construction & Agriculture), Vehicle Type (Passenger Car, Light & Heavy Commercial Vehicle), and Region

Press Release   •   Jun 02, 2017 09:55 GMT

"Brake Systems Market by Type (Disc & Drum), Electronic Brake System (ABS, TCS, ESC, & EBD), Off-Highway Vehicles (Construction & Agriculture), Vehicle Type (Passenger Car, Light & Heavy Commercial Vehicle), and Region – Global Forecast to 2021" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"Brake Systems Market"added to its database.The brake system market is projected to grow at a CAGR of 6.94% during the forecast period, to reach a market size of USD 31.94 billion by 2021. According to the U.S. National Highway Traffic Safety Administration (NHTSA), 32% crashes in 2013 were rear-ended crashes, where stopping distance mattered and more people were injured in rear-end crashes than any other type of crash. As a safety measure, regulations with reduced stopping distance have been introduced, which in turn are making brake manufacturers focus on developing brakes that meet the stopping distance regulation and enhance the performance of the brake systems in commercial vehicles.

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“Passenger cars is the fastest growing vehicle type in the brake system market”

The passenger cars segment is estimated to dominate the brake system market. According to the Organization Internationale des Constructeurs d’Automobiles (OICA), the global new passenger car sales increased from 55.8 million units in 2010 to 69.4 million units in 2016. The increase in the number of passenger cars, combined with increasing adoption of disc brakes, makes passenger cars the fastest growing vehicle type in the brake system market. The rapid increase in the adoption of safety systems in passenger cars plays a significant role in the increasing demand for brake systems in passenger cars. The braking function, combined with other active and passive safety systems, assists a driver in avoiding crashes and protects passengers during accidents.

“Electronic Stability Control is the largest segment of the braking technology market”

Electronic Stability Control (ESC) is a computerized system that applies brakes to individual wheels and reduces engine power to ensure driver control over the vehicle. ESC is considered as one of the most important advancements in automotive safety. A research study conducted by the U.S. Insurance Institute for Highway Safety (IIHS) in 2006 concluded that ESC reduces the likelihood of crashes by 43%, fatal single vehicle crashes by 56%, and fatal single vehicle rollovers by 77%–80%. ESC has become a mandatory component for passenger cars in many parts of North America and Europe. According to the U.S. Federal Motor Vehicle Safety Standard no. 136, ESC has also been proposed to be a mandate for commercial vehicles.

“Agricultural Tractors: Fastest growing application of the off-highway brake systems market”

The agricultural tractor is used with implements for various farming activities such as harvesting, fertilizing, cultivating, plowing, and others, when equipped with respective implements. The demand for agricultural tractors can be directly attributed to the growing demand for agricultural products globally. Increasing farm mechanization owing to increased scientific farming practices, agricultural production, and government funding are the key factors driving the growth of the agricultural tractor market. The trend of using high-powered tractors is also gaining traction, which is driving the demand for more efficient brake systems. High powered tractors have to meet stringent stopping distance regulations, which are pushing brake system manufacturers to develop more efficient reduced stopping distance disc as well as drum brakes. Asia-Oceania dominates the tractors market due to the extensive agricultural activities in the region.

BREAKDOWN OF PRIMARIES

The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier-1–61 %, Tier-2–29%, and OEM–10%
  • By Designation: C level–40%, D level–35%, Others–25%
  • By Region: North America–40%, Europe–27%, Asia-Oceania–20%, RoW–13%
  • The report provides detailed profiles of the following companies:

    n Aisin Seiki Co., Ltd.

    n Akebono Brake Industry Co., Ltd.

    n Autoliv, Inc.

    n Robert Bosch GmbH

    n Brembo S.p.A

    n Continental AG

    n Delphi Automotive PLC

    n Federal-Mogul Holdings Corp

    n Haldex AB

    n Hitachi Automotive Systems

    n Knorr-Bremse AG

    n Mando Corporation

    n Nissin Kogyo Co., Ltd

    n ZF Friedrichshafen AG

    n WABCO Holdings, Inc.

    Research Coverage

    The brake system market has been segmented by brake type (disc and drum), vehicle type (passenger cars (PC), light commercial vehicles (LCV), and heavy commercial vehicles (HCV)), brake technologies (Anti-lock Braking System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake-force Distribution (EBD)), and off-highway application (Agricultural Tractors and Construction Equipment). The market has been projected in terms of volume (‘000 units) and value (USD million/billion).

    TABLE OF CONTENTS

    1 INTRODUCTION 19

    1.1 OBJECTIVES OF THE STUDY 19

    1.2 MARKET DEFINITION 19

    1.3 MARKET SCOPE 20

    1.3.1 MARKETS COVERED 20

    1.4 CURRENCY 21

    1.5 PACKAGE SIZE 21

    1.6 LIMITATIONS 21

    1.7 STAKEHOLDERS 21

    2 RESEARCH METHODOLOGY 22

    2.1 RESEARCH DATA 22

    2.2 SECONDARY DATA 24

    2.2.1 KEY SECONDARY SOURCES 24

    2.2.2 KEY DATA FROM SECONDARY SOURCES 25

    2.3 PRIMARY DATA 26

    2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 26

    2.3.2 PRIMARY PARTICIPANTS 27

    2.4 FACTOR ANALYSIS 27

    2.4.1 INTRODUCTION 27

    2.4.2 DEMAND-SIDE ANALYSIS 27

    2.4.2.1 Growing vehicle production 27

    2.4.3 SUPPLY-SIDE ANALYSIS 28

    2.4.3.1 Increasing stringency of environmental & fuel efficiency regulations 28

    2.5 MARKET SIZE ESTIMATION 29

    2.5.1 BOTTOM-UP-APPROACH 29

    2.5.2 MARKET BREAKDOWN & DATA TRIANGULATION 32

    2.6 ASSUMPTIONS 33

    3 EXECUTIVE SUMMARY 34

    3.1 INTRODUCTION 34

    3.1.1 BRAKE SYSTEM MARKET, BY VEHICLE TYPE & REGION 35

    3.1.2 BRAKE SYSTEM MARKET, BY TYPE & REGION 36

    3.1.3 BRAKE SYSTEM MARKET —GROWTH TRENDS, BY COUNTRY 37

    3.1.4 ELECTRONIC BRAKE SYSTEM MARKET, BY TECHNOLOGY & REGION 38

    3.1.5 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION & REGION 39

    4 PREMIUM INSIGHTS 40

    4.1 ATTRACTIVE OPPORTUNITIES IN THE BRAKE SYSTEM MARKET 40

    4.2 BRAKE SYSTEM MARKET SHARE, BY REGION & VEHICLE TYPE 41

    4.3 BRAKE SYSTEM MARKET GROWTH TREND, BY COUNTRY 42

    4.4 ELECTRONIC BRAKE SYSTEM MARKET, BY TECHNOLOGY 43

    4.5 ELECTRONIC BRAKE SYSTEM MARKET, BY TECHNOLOGY & BY REGION 44

    4.6 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION 44

    5 MARKET OVERVIEW 45

    5.1 INTRODUCTION 45

    5.2 MARKET SEGMENTATION 46

    5.2.1 BRAKE SYSTEM: MARKET SEGMENTATION 46

    5.3 MARKET DYNAMICS 47

    5.3.1 DRIVERS 48

    5.3.1.1 Increasing stringency of automotive active safety regulations 48

    5.3.1.2 Impact of New Car Assessment Program (NCAP) on Electronic Brake Systems 49

    5.3.2 RESTRAINTS 50

    5.3.2.1 High development cost of electronic brake systems 50

    5.3.3 OPPORTUNITIES 51

    5.3.3.1 Brake-by-wire system 51

    5.3.3.2 Regenerative braking 51

    5.3.4 CHALLENGES 52

    5.3.4.1 Brake emissions 52

    5.4 PORTER’S FIVE FORCES ANALYSIS 53

    5.4.1 THREAT OF NEW ENTRANTS 54

    5.4.2 THREAT OF SUBSTITUTES 55

    5.4.3 BARGAINING POWER OF SUPPLIERS 56

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    Market Research Report Store

    About Market Research Report Store

    Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

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