Global automotive electronic brake system market research report up to 2025| Market Size, Key Players, Trends, Growth Analysis, Opportunities 2016-2023
Market Overview
Global automotive electronic brake system market is projected
to witness growth at a significant CAGR of around 5 percent between the
forecast period of 2016 and 2025. Technological advancements and growing
support from the government in nations like India and China are cited as the
prime reasons behind the growth of the automotive electronic brake system
market. At the same time, growing awareness among consumers regarding road
safety is also one of the major reasons behind the growth of the market.
The ability of automotive electronic braking systems
to enhance vehicle safety is one of the prime reasons behind growing demand. At
the same time, these systems also do require minimal maintenance. Moreover, introduction
of advanced electronic braking systems is also a prime reason behind promising
prospects. To be specific, growing popularity of high-end technicalities like
Traction Control System or TCS and ABS systems also does make the prospects of
global automotive electronic brake system market significant in forecast period.
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Advent of
electronic braking system in automobile segment has transformed the market
scenario immensely, making the market prospects promising. Massive demand from
safety facilitators like ABS is also one of the prime reasons behind the growth
of electronic braking system market. Growing demand and massive production in
automotive industry are also among the reasons behind the growth of global
automotive electronic braking systems market. Growing purchase power can also
be one of the reasons behind the promising market scenario.
Segmentation of automotive
electronic brake system market
Global automotive electronic brake system market can
be segmented on vehicles, channels, and products. In terms of product, the
market can be further classified into disc brakes and drum brakes. To be
specific about electronic brake systems, it is consist of disc type and drum-type
braking elements. In terms of application, these devices can be further
classified into passenger cars, two-wheelers, and light commercial vehicles. Based
on region, global automotive electronic brake system market can be further
classified into North America, Asia Pacific, Europe, Europe, and South America,
which is led mainly by Asia Pacific.
Regional analysis
Geographically, global automotive electronic brake
system market can be further classified into North America, Asia Pacific,
Europe, Europe, and South America, which is led mainly by Asia Pacific. Asia
Pacific is the most prominent player in the market, followed by Europe and Asia
Pacific. Asia Pacific is promising in terms of its growth rate. Among these, Japan
and South Korea are said to be the major contributors. Keeping the growing
number of serious accident insight and growing fleet, China is projected to be
one of the prominent markets that will play major growth in this business.
Industry news
Reportedly, Global automotive electronic brake
system market is going to remain the most consistent between the forecast
period of 2016 and 2025. Growing rate of automobile production and advanced
safety demand is cited as the prime reason behind the promising future of
global automotive electronic brake system market
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Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is
driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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