Online Vehicle Sale Gains Traction in Automotive Friction Brake System Market Post COVID-19
Market Scope
Market
Research Future (MRFR) expects the automotive friction brake system market 2020
to gain substantial grounds at a fast rate between 2017 and 2022 (appraisal
period). MRFR also projects the market to touch a remarkable valuation of USD
340.5 billion by 2024-end. We will provide covid-19 impact analysis with the
report. The COVID-19 research of the automotive friction brake system market offers
an in-depth analysis post the coronavirus disease outbreak.
COVID-19 Analysis
COVID-19
impact analysis by MRFR reveals that there has been a significant drop in
vehicle sales in the space of just a few months, owing to the shutdowns across regions
as well as the oil price fluctuations. Renowned automotive OEMs are adopting multiple
tactics to mitigate the negative impact of the pandemic on their businesses by
assessing their dealerships to resume services. The short-term impact of
COVID-19 in the automotive sector has led to shutting down of assembly plants
in the United States (US), manufacturing interruptions across Europe and ceased
export of Chinese components, in the face of the lockdown situation.
Additionally, post SARS-CoV-2, the demand for commercial vehicles has
significantly plummeted following the shutdown of almost every non-essential service
across the globe.
On the
bright side, till the time a COVID-19 breakthrough is not achieved, the
automotive industry can remain strong, thanks to the ongoing efforts by leading
companies to curb revenue losses by adopting recovery tactics such as mergers
and acquisitions and more. Despite
the significant impact of the novel coronavirus on the automotive industry,
online sale of vehicles can emerge as one of the growth boosters in the spark
plug market.
Get
a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/2137
Top Drivers and Key Restraints
Over the
years, there has been a remarkable surge in the production of vehicles across
the globe, which has led to a domino effect throughout the automotive brake
friction market. The alarming rise in the number of accidents, given the rising
number of drivers exceeding the speed limits has further bolstered the market growth.
Technological innovations such as advanced brake system (ABS), electronic
braking system (EBS) and regenerative braking that elevates the efficiency of
the braking system can emerge as lucrative opportunities for the automotive
brake friction market in the approaching years.
The market
also benefits from the increasing research and development activities,
resulting in the introduction of environment-friendly products that not only dissipate
lower amount of heat but have enhanced mechanical properties. Another key trend
gaining prevalence in the global market is the increasing focus on the
electrification of vehicles, which is also giving rise to the production of light-weight
vehicles and automotive brake friction products. The high demand for electric
vehicles or EVs in the developing regions can translate to tremendous business
growth in the following period.
A significant number of research
activities are underway for coming up with better brake friction materials with
the extensive use of nanomaterials, which can massively induce the growth of
the automotive brake friction market during the assessment period. The increasing focus on safety among
consumers and the rising focus on stringency in safety norms and preventive
maintenance can also lead the market to greater heights in the years ahead.
Market Segmentation
For better
understanding of the report, the automotive friction brake system market has
been considered for product type, vehicle type and sales channel.
Product types
described in the market study include drum brake as well as disc brake.
Vehicle
types covered in the research are passenger cars, heavy commercial vehicles (HCV)
and light commercial vehicles (LCV).
Depending on
the sales channel, the primary dynamics are original equipment manufacturers (OEM’s)
and aftermarket.
Regional Study
The regional
study of the automotive friction brake system market covers South America, APAC
or Asia Pacific, North America, MEA or Africa & Middle East and Europe.
The automotive
friction brake system market in APAC is largely concentrated in India and China,
on account of the prevailing strict emission norms and the high production level
of vehicles. Rising number of favorable
government-backed initiatives coupled with the heavy investments in automotive
industry also favor the regional market. The urgent need to curb the rising number
of road accidents among the governing agencies as well as consumers also favors
the market growth. The increasing technology penetration with high prominence
of disc brakes also aids market growth.
North
America can be the fastest gaining region, with the U.S emerging as the most
profitable market for automotive friction brake system. The massive pool of
well-known automotive manufacturers and the high demand for efficient performance
in extreme weather conditions are some of the prime growth inducers in the
regional market.
Top Players
Robert Bosch
GmbH, Haldex AB, TRW Automotive Holdings Corp., Federal-Mogul Corporation,
Delphi Automotive PLC, Akebono Braking Industry Corporation, Brembo S.P.A,
Continental AG, Halla Mando Corporation, Aisin-Seiki Co. Ltd., are some of the
top players competing in the market for automotive friction brake system.
Latest Developments
April 2020
Porsche has
launched carbide-tungsten-coated friction brake system that facilitates stopping
power and also keeps the wheels clean. The system sprays a 0.004-inch carbide- tungsten
coating on the iron discs, which helps make them five times much harder.
Get
a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/2137
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
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Edibles.
MRFR team have supreme objective to
provide the optimum quality market research and intelligence services to our
clients. Our market research studies by products, services, technologies,
applications, end users, and market players for global, regional, and country
level market segments, enable our clients to see more, know more, and do more,
which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send
Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com
Browse Complete Report -https://www.marketresearchfuture.com/reports/automotive-friction-brake-system-market-2137
Market Scope
Market
Research Future (MRFR) expects the automotive friction brake system market 2020
to gain substantial grounds at a fast rate between 2017 and 2022 (appraisal
period). MRFR also projects the market to touch a remarkable valuation of USD
340.5 billion by 2024-end. We will provide covid-19 impact analysis with the
report. The COVID-19 research of the automotive friction brake system market offers
an in-depth analysis post the coronavirus disease outbreak.
COVID-19 Analysis
COVID-19
impact analysis by MRFR reveals that there has been a significant drop in
vehicle sales in the space of just a few months, owing to the shutdowns across regions
as well as the oil price fluctuations. Renowned automotive OEMs are adopting multiple
tactics to mitigate the negative impact of the pandemic on their businesses by
assessing their dealerships to resume services. The short-term impact of
COVID-19 in the automotive sector has led to shutting down of assembly plants
in the United States (US), manufacturing interruptions across Europe and ceased
export of Chinese components, in the face of the lockdown situation.
Additionally, post SARS-CoV-2, the demand for commercial vehicles has
significantly plummeted following the shutdown of almost every non-essential service
across the globe.
On the
bright side, till the time a COVID-19 breakthrough is not achieved, the
automotive industry can remain strong, thanks to the ongoing efforts by leading
companies to curb revenue losses by adopting recovery tactics such as mergers
and acquisitions and more. Despite
the significant impact of the novel coronavirus on the automotive industry,
online sale of vehicles can emerge as one of the growth boosters in the spark
plug market.
Get
a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/2137
Top Drivers and Key Restraints
Over the
years, there has been a remarkable surge in the production of vehicles across
the globe, which has led to a domino effect throughout the automotive brake
friction market. The alarming rise in the number of accidents, given the rising
number of drivers exceeding the speed limits has further bolstered the market growth.
Technological innovations such as advanced brake system (ABS), electronic
braking system (EBS) and regenerative braking that elevates the efficiency of
the braking system can emerge as lucrative opportunities for the automotive
brake friction market in the approaching years.
The market
also benefits from the increasing research and development activities,
resulting in the introduction of environment-friendly products that not only dissipate
lower amount of heat but have enhanced mechanical properties. Another key trend
gaining prevalence in the global market is the increasing focus on the
electrification of vehicles, which is also giving rise to the production of light-weight
vehicles and automotive brake friction products. The high demand for electric
vehicles or EVs in the developing regions can translate to tremendous business
growth in the following period.
A significant number of research
activities are underway for coming up with better brake friction materials with
the extensive use of nanomaterials, which can massively induce the growth of
the automotive brake friction market during the assessment period. The increasing focus on safety among
consumers and the rising focus on stringency in safety norms and preventive
maintenance can also lead the market to greater heights in the years ahead.
Market Segmentation
For better
understanding of the report, the automotive friction brake system market has
been considered for product type, vehicle type and sales channel.
Product types
described in the market study include drum brake as well as disc brake.
Vehicle
types covered in the research are passenger cars, heavy commercial vehicles (HCV)
and light commercial vehicles (LCV).
Depending on
the sales channel, the primary dynamics are original equipment manufacturers (OEM’s)
and aftermarket.
Regional Study
The regional
study of the automotive friction brake system market covers South America, APAC
or Asia Pacific, North America, MEA or Africa & Middle East and Europe.
The automotive
friction brake system market in APAC is largely concentrated in India and China,
on account of the prevailing strict emission norms and the high production level
of vehicles. Rising number of favorable
government-backed initiatives coupled with the heavy investments in automotive
industry also favor the regional market. The urgent need to curb the rising number
of road accidents among the governing agencies as well as consumers also favors
the market growth. The increasing technology penetration with high prominence
of disc brakes also aids market growth.
North
America can be the fastest gaining region, with the U.S emerging as the most
profitable market for automotive friction brake system. The massive pool of
well-known automotive manufacturers and the high demand for efficient performance
in extreme weather conditions are some of the prime growth inducers in the
regional market.
Top Players
Robert Bosch
GmbH, Haldex AB, TRW Automotive Holdings Corp., Federal-Mogul Corporation,
Delphi Automotive PLC, Akebono Braking Industry Corporation, Brembo S.P.A,
Continental AG, Halla Mando Corporation, Aisin-Seiki Co. Ltd., are some of the
top players competing in the market for automotive friction brake system.
Latest Developments
April 2020
Porsche has
launched carbide-tungsten-coated friction brake system that facilitates stopping
power and also keeps the wheels clean. The system sprays a 0.004-inch carbide- tungsten
coating on the iron discs, which helps make them five times much harder.
Get
a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/2137
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
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Edibles.
MRFR team have supreme objective to
provide the optimum quality market research and intelligence services to our
clients. Our market research studies by products, services, technologies,
applications, end users, and market players for global, regional, and country
level market segments, enable our clients to see more, know more, and do more,
which help to answer all their most important questions.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send
Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com
Browse Complete Report -https://www.marketresearchfuture.com/reports/automotive-friction-brake-system-market-2137
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