Automotive Brake Components Market: New Labelling Initiative Mitigates Threats Posed by Counterfeit
This report provides an exhaustive analysis on automotive brake components market which is based on quantitative and qualitative assessment. Furthermore, the report elucidates the drivers, restraints, trends, opportunities, which have bearing on the growth of automotive brake components market.
[ClickPress, Mon May 27 2019] Weight reduction has become a vital cog in the wheel across the braking system, mostly in the unspring area where it enhances handling and ride, carbon emission and fuel consumption. As such, brake manufacturers are continuously focusing on designs which lessen engineering costs and improve brake feel. At the time when the spotlight is on the environmental performance of vehicles, it has become imperative for brake components to offer a range of capabilities. Notably, replacement of traditional brake calipers with light-weight aluminum is one of the major trends driving the growth of automotive brake components market. From the standpoint of resource consumption and low energy, aluminum plays its monumental role through recyclability.
Anodizing brake calipers are significantly observed in high quality vehicles in the automotive brake components market. Nevertheless, anodizing the caliper surface not only assures improved corrosion protection, but also ameliorates appearance and wear resistance. Moreover, in order to augment the aesthetic quotient with paints, anodized brake calipers are increasingly being colored.
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The braking technology used in cars and light trucks have been influenced by growing traction towards electric and hybrid vehicles. Accordingly, trends such as autonomous driving, electrification, new mobility and light weighting have led the manufacturers to come up with braking-system-compatible-product. Besides, using the frictionless braking technology, Eddy Current Brakes have lessened the cyclic changing of automotive brake components.
Stakeholders are vying to leave no stones unturned by penetrating the emerging economies such as India and China. As such, automotive brake componentsí manufacturers are inking deal to tap the Asian market for particular vehicle segments.
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Automotive Brake Components Market: Overview
This report provides an exhaustive analysis on automotive brake components market which is based on quantitative and qualitative assessment. Furthermore, the report elucidates the drivers, restraints, trends, opportunities, which have bearing on the growth of automotive brake components market. Besides, the report also encompasses segregation of the market to provide a comprehensive analysis of the automotive brake components.
Emerging Markets Reveal their Revenue Potential in the Automotive Brake Components Space
Significant opportunities can be grabbed in the emerging economies of Asia Pacific on the back of growing domestic automotive sector coupled with increasing investments in research and development and massive technological shift. Automotive brake components manufacturers are planning to tap new vehicle segments in emerging economies of China and India along with introduction of advanced automotive brake components to gain high margins. Stakeholders are focusing on penetrating these emerging lands to capture major revenue funnels offered by business-environment friendly countries.
Automotive Brake components Functionality Enhanced by Anodizing Brake Calipers
Brake calipers in disc brake systems is expected to witness significant demand on the back of growing preference for aluminum automotive brake components. Moreover, the trend of anodizing brake calipers, particularly for use in high quality vehicles has been witnessed in the automotive brake components market. Additional treatment of anodizing the caliper surface ensures enhanced corrosion protection, improve wear resistance and appearance. Additionally, anodized brake calipers can be colored to increase the aesthetic quotient with paints that can further increase weather resistance.
Automotive Brake Components Market: Competitive Landscape
The report on automotive brake components market offers a complete assessment on major companies involved in the manufacturing of automotive brake components. Moreover, various facets such as SWOT analysis, product portfolios, innovations in designs and developments, company mergers and alliances and key financials have been incorporated in the competitive landscape section of the report. Few of the major companies profiled in the report include Wabco Holdings Inc., Knorr Bremse AG, Mando Corporation, Aisin Seiki Co. Ltd., and Robert Bosch GmbH.
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