Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Global Automotive Brake Components Market Likely to Surpass US$ 92 Bn by 2027-endTo offer readers detailed and comprehensive insights, the report has segmented the market on the basis of sales channel, vehicle type, and region. On the basis of sales channel, the key segments include OEM and aftermarket. The report analyzes the sales of drum brakes, disc brakes, brake booster, master cylinder, brake shoe, wheel cylinder, rotor, caliper, and brake pad through these sales channels. According to the report, OEM and aftermarket channels have approximately equal revenue share of the market currently; however, by the end of the forecast period, aftermarket segment is likely to reach a revenue share of nearly 54%. Click here for Free Sample Report@ https://www.marketresearchhub.com/ The key vehicle types analyzed in the report include passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Among these, demand for brake components is highest from the passenger vehicle segment, and the revenue share of this segment is likely to reach nearly 74% by the end of forecast period. Disc brake is quickly gaining traction as the standard brake system, even in entry-level vehicles, which is likely to create a shift in the supply chain. Browse Full Report with TOC@ https://www.marketresearchhub.com/ North America and Asia Pacific excluding Japan (APEJ) are among the lucrative markets for automotive brake components globally. Strong automotive sales in the US in 2017 and 2016 have provided a momentum to the market, whereas growing middle class population in APEJ is likely to create further opportunities during the forecast period. Some of the leading players in the global automotive brake component market include ZF Friedrichshaf en AG, Continental AG, Federal Mogul Holdings Corporation, Delphi Automotive PLC, Valeo S.A, Robert Bosch GmbH, Mando Corporation, and Akebono Brake Industry Co Ltd. About Market Research Hub Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH's expansive collection of car accessories market reports (https://www.marketresearchhub.com/ MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients. Contact Us 90 State Street, Albany, NY 12207, United States Toll Free: 800-998-4852 (US-Canada) Email: press@marketresearchhub.com Website: http://www.marketresearchhub.com/ Read Industry News at - https://www.industrynewsanalysis.com/ End
Account Email Address Account Phone Number Disclaimer Report Abuse
|
|