Press Release: April 14, 2020
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.
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Companies Covered: Major Companies profiled in the report which are key players in the global automotive brakes market include Aisin Seiki Co. Ltd., Continental AG, Robert Bosch GmbH, Disc Brakes Australia, Hitachi Automotive Systems, Akebonbo Brake Industry Co., Brembo SpA, and ZF Friedrichschafen AG.
Improving living standards, dual-income families and growing disposable income are driving the growth of this market in developing countries. Rapid industrialization accompanied by improvements in infrastructure along with increasing demand for consumer products has created new opportunities and gateways.
Each section of the report provides critical information about the global automotive brakes market which could be used in the coming years to ensure strong growth. Our unique combination of primary and secondary research methods has helped us spot hidden business opportunities on the global automotive brakes market, in addition to collecting significant market participant’s perspectives and reliable market data.
This involves several research studies, such as cost analysis of manufacturing, absolute dollar profit, analysis of costs, profiling of firms, analysis of production and consumption, and market dynamics.
The global automotive brakes market size for each year of the forecast period is correctly calculated in terms of both revenue and volume. For the period 2020-2028, the study offers accurate price analysis by country, producer, the segment of each form, and global price analysis. It also offers price analysis by segment type and supplier for the 2020-2028 period.
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The study starts with a global market perspective for automotive brakes that includes key market trends and critical market statistics. This market research study also provides the market value of the major segments of the global automotive brakes market. QMI has found a comprehensive overview and global market description that helps readers better understand the core automotive brakes market information. It also highlights the exclusions and inclusions which help the client understand the automotive brakes market's reach.
The report provides a list of all the key players in the automotive brakes market along with a detailed analysis of the strategies that are being implemented by the companies. The approaches include mainly new product development, analysis, and development, and also provide revenue reports, business history, and recent company innovations to remain competitive in the marketplace.
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.
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