Global Automotive Braking System Market 2017-2021

About Automotive Braking System

An automotive braking system is a group of hydraulic, electronic, and mechanical components actively used to stop a moving vehicle. The braking system in a vehicle converts the kinetic energy of the wheels into thermal energy produced by the brake thus stopping the vehicle. The speed of a vehicle is inversely proportional to the friction applied on the vehicle, which in turn is directly proportional to the braking of the vehicle.

Technavio’s analysts forecast the global automotive braking system market to grow at a CAGR of 2.88% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive braking system market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas

Technavio's report, Global Automotive Braking System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Bosch
• Continental
• ZF Friedrichshafen
• Brembo

Other prominent vendors
• Bendix
• Jiaozuo Brake
• Nissin Brake
• Federal-Mogul Motorparts

Market driver
• Increasing demand for safety measures to reduce accidental injuries
• For a full, detailed list, view our report

Market challenge
• High dependency on advanced systems leading toward unreliability over these systems
• For a full, detailed list, view our report

Market trend
• Integration of air disc brakes in commercial vehicles
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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