The Global Automotive Brakes Market is projected to reach USD 42.13 billion by 2028, growing at a CAGR of 6.5% during the forecast period.
What is Automotive Engines?
To understand the use of metals in automotive engines QMI has studied automotive engines in its report. Automotive Engine is one of the vehicle’s most essential components. It enables the vehicle to function efficiently and run smoothly without any trouble. Vehicle emission, efficiency and overall performance of every vehicle depend on the condition of an automotive engine. Therefore, it is important for engine manufacturers to use a material that is suitable for high speed and high-temperature applications. Also, there are various rotating and reciprocating parts in the engine, which makes it important for the material to be wear-resistant to improve the efficiency of the engine.
In this report, we look at the metal materials used in major parts of an automotive engine such as the crankshaft, cylinder head, piston, and so on. The most commonly used metals are steel, iron, and aluminum among the various materials used to make the different parts of an engine. Usually, these materials are alloyed to give the part specific properties that it needs. Nickel, Chromium, and Silicon are the most common alloying materials.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Aisin Seiki Co. Ltd.
2. Continental AG
3. Robert Bosch GmbH
4. Disc Brakes Australia
5. Hitachi Automotive Systems
6. Akebonbo Brake Industry Co.
7. Brembo SpA
8. ZF Friedrichschafen AG.
Segmentation by QMI-
Based on the type of brake, the automotive brakes market is segmented into disc and drum brakes. Among the two, the disc brake segment is expected to show high demand owing to its enhanced braking performance and their ability to function in adverse weather conditions without overheating or fading.
The passenger vehicle segment is expected to lead the automotive brakes market on the basis of vehicle type. The increasing demand for passenger vehicles worldwide is expected to be one of the major reasons for a prominent market share in the automotive brakes market. According to the International Organization of Motor Vehicle Manufacturers (OICA), the sale of passenger cars worldwide increased from 49650336 in 2009 to 70849466 in 2017 and is expected to increase further. Also, there has been increasing demand for braking systems in the aftermarket as these components are subjected to wear & tear after a particular period.
The Asia Pacific is expected to be the most prominent automotive brakes market during the forecast period. The Chinese automotive brakes market is one of the biggest in the world. The growing Chinese economy and rising disposable incomes of people in China have increased the demand for vehicles in the country. In addition, China’s low cost of production has supported car manufacturing development in China. Moreover, the increasing number of accidents in India has led to an increase in safety features. To reduce the number of vehicle accidents in India, the Indian government has made it compulsory for all automobile companies to install anti-lock braking systems in their vehicles by April 2019. These developments are expected to boost the automotive brakes market in the Asia Pacific region.
However, the use of composites in several parts of the engine to reduce the vehicle’s overall weight, which in turn reduces the fuel consumption efficiency, is one of the major factors restricting the market for Automotive Brakes.
Important aspects which have an impact on the growth of Automotive Brakes market:
- Rapid growth in the automobile industry worldwide
- Ability to be allowed to achieve specific properties.
Use of composites in several parts of the engine to reduce the overall weight of the vehicle
Interesting events in the Automotive Brakes Market:
In July 2015, China Hongqiao Group Co., Ltd., China’s leading manufacturer of aluminum products, announced the first African project vessel for the Group. The successful launch of bauxite in Guinea not only marks a major breakthrough in the global resource allocation strategy of the Group but also effectively implements the strategic approach to the national “Maritime Silk Road.”
Tata Steel Group (India) signed a conclusive agreement with ThyssenKrupp in June 2018, combining steel companies in Europe to create a 50:50 pan-European joint venture focusing on customer centricity, technology and sustainability.
In March 2019, the Hitachi Metals company Waupaca Foundry Inc. (US) entered into separate fabrication alliances with Dotson Iron Castings (US) and Kohler Industrial Castings (US). Under the agreements, customers of Waupaca Foundry applying for horizontal molding will access the capabilities of Kohler and Dotson with a streamlined supply chain run by Waupaca Foundry.
What Does This Report Provide?
In the forecast period, this study offers a detailed view of the world demand for Automotive Brakes from both quality and quantity perspectives. The study also includes competitive metrics with potential market effects over the forecast period and an in-depth review of the leading companies operating on the market for Automotive Brakes.
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Market Segmentation:
By Technology:
- Anti-lock Braking System (ABS)
- Electronic Stability Control (ESC)
- Traction Control System (TCS)
- Electronic Brake-Force Distribution (EBD)
By Vehicle Type:
- Passenger
- Commercial
- Electric
- Defense
- Construction
- Farm Tractors
- Others
By Brake Type:
- Disc
- Drum
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Technology
- By Vehicle Type
- By Type
- Western Europe:
- By Country (Germany, UK, France, Spain, Rest of Western Europe)
- By Technology
- By Vehicle Type
- By Type
- Eastern Europe:
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Technology
- By Vehicle Type
- By Type
- Asia Pacific
- By Country (China, Japan, India, Rest of Asia Pacific)
- By Technology
- By Vehicle Type
- By Type
- Middle East:
- By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
- By Technology
- By Vehicle Type
- By Type
- Rest of the World
- By Region (Latin America, Brazil, Rest of the World)
- By Technology
- By Vehicle Type
- By Type
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