Automotive Brake System Market Segmentation:
Brake Type Segment Analysis
The disc brake segment is projected to hold 56.1% of the global automotive brake system market share by 2035. The superior heat dissipation and reduced stopping distances are attracting auto-savvy consumers to invest in vehicles with disc brakes. The legality of disc brakes in several countries is set to fuel the demand for disc brakes in the years ahead. The brake performance mandatory regulations are also contributing to the sales of disc brakes. Furthermore, continuous technological innovations are estimated to drive new avenues in the trade of advanced disc brakes.
Vehicle Type Segment Analysis
The passenger vehicle segment is anticipated to account for 50.2% of the global automotive brake system market share throughout the forecast period. Asia Pacific and Europe dominate the production and commercialization of passenger cars owing to supportive government policies and increasing spending power of individuals. The booming popularity of advanced driver assistance systems and automated braking systems is expected to increase the installation of advanced brakes in passenger vehicles. The U.S. Federal Motor Vehicle Safety Standards (FMVSS 126) requirement for passenger cars to be installed with electronic stability control (ESC) is spurring the demand for regenerative braking technologies, particularly in electric vehicles. The regulatory mandates are accelerating the adoption of advanced braking technologies.
Our in-depth analysis of the global automotive brake system market includes the following segments:
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Brake Type |
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Vehicle Type |
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Sales Channel |
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