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Automotive Braking Systems Market By Type, Vehicle Type And Technology- Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Automotive & Transportations Report Code : AT06984
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Automotive Braking Systems Market By Type (Drum and Disc), Vehicle Type (Commercial Vehicles and Passenger Cars), Technology (TCS, EBD, ABS, ESC) Forecast 2017 to 2023
Industry Outlook and Trend Analysis
The Automotive Braking Systems Market was worth USD 17.43 billion in 2017 and is expected to reach approximately USD 28.13 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.46% during the forecast period. The market is anticipated to encounter a huge upsurge throughout the following years, inferable from the execution of cutting edge frameworks, for example, Traction Control System (TCS), Antilock Braking System (ABS), Electronic Stability Control (ESC), and Electronic Brake-Force Distribution (EBD), among others. The advent of smart braking systems has prompted a reduction in the quantity of mishaps and loss of lives. These can be incorporated with other safety systems that empower speed control and avoid sliding of vehicles to limit dangers of a potential accident. The expanding production of vehicles and sales combined with rules over halting distances, have contributed majorly to the development and improvement of the business.
Type Outlook and Trend Analysis
The NCAP rating for cars furnished with security frameworks is a key driver of the business development. Nonetheless, high expenses of the most recent technologies turn out to be trying for automakers, as they can't incorporate the advances into low-priced vehicles. Another essential issue looked by makers is fake of parts, which can hamper the vehicle execution and wellbeing. Increased awareness to the adverse effects of utilizing fake parts and diminishment in costs of authentic vehicle parts are critical in reducing counterfeiting.
Vehicle Type Outlook and Trend Analysis
Technological progressions and advent of electro-mechanical brakes, which consolidated the accuracy of computerized microcontrollers and sensors, have empowered automakers to convey most extreme security for passengers. Nonetheless, this has expanded the cost of stopping mechanisms and in this manner, the general vehicle cost. Passenger cars proprietors excessively spend on upgraded stopping mechanisms and accordingly, the fragment is anticipated to develop at a significant CAGR over the forecast period.
Technology Outlook and Trend Analysis
The ABS portion held the biggest share of the overall industry in 2017. The dynamic endeavours of different automotive associations toward compulsory adoption of ABS in prominent districts have prompted the development of the ABS technology. In like manner, the rising usage of ESC technology, attributable to its apparent advantages in picking up vehicle control in an emergency situation, is anticipated to drive the development of the automotive brake systems market over the conjecture time frame.
Regional Outlook and Trend Analysis
The Asia Pacific area commanded the market in 2017 and is foreseen to develop at the most astounding CAGR over the conjecture time frame. The makers in the district provide high-cost lessening, inferable from the accessibility of low-cost labour and raw materials. Moreover, the district includes nations, for example, China and India, which represented around 34% of the aggregate vehicle generation in 2017. Expanding demand of active braking systems, combined with a surge in sales of extravagance and premium vehicles, is foreseen to drive the market. The North American locale is anticipated to develop at a substantial CAGR over the conjecture time frame.
Competitive Insights
The leading players in the market are Robert Bosch GmbH, Federal-Mogul, ZF Friedrichshafen, Autoliv, Akebono Brake Industry, Brembo Brake India Pvt ltd and Continental AG. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Automotive Brake Systems Market is region-wise segmented as follows-
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Automotive Braking System Market, By Type, Estimates and Forecast, 2014-2023($Billion)
o Disc Brakes
o Drum Brakes
· Automotive Braking System Market, By Vehicle Type, Estimates and Forecast, 2014-2023($Billion)
o Passenger Cars
o Commercial Vehicles
· Automotive Braking System Market, By Technology, Estimates and Forecast, 2014-2023($Billion)
o Anti-Lock Brake System (ABS)
o Traction Control System (TCS)
o Electronic Stability Control (ESC)
o Electronic Brake-Force Distribution (EBD)
· Automotive Braking System Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Automotive Braking System Market, By Country
o U.S. Automotive Braking System Market
o Canada Automotive Braking System Market
o Mexico Automotive Braking System Market
o Europe
§ Europe Automotive Braking System Market, By Country
o Germany Automotive Braking System Market
o UK Automotive Braking System Market
o France Automotive Braking System Market
o Russia Automotive Braking System Market
o Italy Automotive Braking System Market
o Rest of Europe Automotive Braking System Market
o Asia-Pacific
§ Asia-Pacific Automotive Braking System Market, By Country
o China Automotive Braking System Market
o Japan Automotive Braking System Market
o South Korea Automotive Braking System Market
o India Automotive Braking System Market
o Southeast Asia Automotive Braking System Market
o Rest of Asia-Pacific Automotive Braking System Market
o South America
§ South America Automotive Braking System Market
o Brazil Automotive Braking System Market
o Argentina Automotive Braking System Market
o Columbia Automotive Braking System Market
o South Africa Automotive Braking System Market
o Rest of South America Automotive Braking System Market
o Middle East and Africa
§ Middle East and Africa Automotive Braking System Market
o Saudi Arabia Automotive Braking System Market
o UAE Automotive Braking System Market
o Egypt Automotive Braking System Market
o Nigeria Automotive Braking System Market
o South Africa Automotive Braking System Market
o Rest of MEA Automotive Braking System Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Automotive Braking System Market, By Type
5.1. Introduction
5.2. Global Automotive Braking System Sales, Revenue and Market Share by Type (2017-2027)
5.2.1. Global Automotive Braking System Sales and Sales Share by Type (2017-2027)
5.2.2. Global Automotive Braking System Revenue and Revenue Share by Type (2017-2027)
5.3. Disc Brakes
5.3.1. Global Disc Brakes Sales and Growth Rate (2017-2027)
5.4. Drum Brakes
5.4.1. Global Drum Brakes Sales and Growth Rate (2017-2027)
6. Automotive Braking System Market, By Vehicle Type
6.1. Introduction
6.2. Global Automotive Braking System Sales, Revenue and Market Share by Vehicle Type (2017-2027)
6.2.1. Global Automotive Braking System Sales and Sales Share by Vehicle Type (2017-2027)
6.2.2. Global Automotive Braking System Revenue and Revenue Share by Vehicle Type (2017-2027)
6.3. Passenger Cars
6.3.1. Global Passenger Cars Sales and Growth Rate (2017-2027)
6.4. Commercial Vehicles
6.4.1. Global Commercial Vehicles Sales and Growth Rate (2017-2027)
7. Automotive Braking System Market, By Technology
7.1. Introduction
7.2. Global Automotive Braking System Sales, Revenue and Market Share by Technology (2017-2027)
7.2.1. Global Automotive Braking System Sales and Sales Share by Technology (2017-2027)
7.2.2. Global Automotive Braking System Revenue and Revenue Share by Technology (2017-2027)
7.3. Anti-Lock Brake System (ABS)
7.3.1. Global Anti-Lock Brake System (ABS) Sales and Growth Rate (2017-2027)
7.4. Traction Control System (TCS)
7.4.1. Global Traction Control System (TCS)Sales and Growth Rate (2017-2027)
7.5. Electronic Stability Control (ESC)
7.5.1. Global Electronic Stability Control (ESC)Sales and Growth Rate (2017-2027)
7.6. Electronic Brake-Force Distribution (EBD)
7.6.1. Global Electronic Brake-Force Distribution (EBD)Sales and Growth Rate (2017-2027)
8. Automotive Braking System Market, By Region
8.1. Introduction
8.2. Global Automotive Braking System Sales, Revenue and Market Share by Regions
8.2.1. Global Automotive Braking System Sales by Regions (2017-2027)
8.2.2. Global Automotive Braking System Revenue by Regions (2017-2027)
8.3. North America Automotive Braking System by Countries
8.3.1. North America Automotive Braking System Sales and Growth Rate (2017-2027)
8.3.2. North America Automotive Braking System Revenue and Growth Rate (2017-2027)
8.3.3. North America Automotive Braking System Sales by Countries (2017-2027)
8.3.4. North America Automotive Braking System Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Automotive Braking System Sales and Growth Rate (2017-2027)
8.3.5.2. United States Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Automotive Braking System Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Automotive Braking System Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Automotive Braking System Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Automotive Braking System by Countries
8.4.1. Europe Automotive Braking System Sales and Growth Rate (2017-2027)
8.4.2. Europe Automotive Braking System Revenue and Growth Rate (2017-2027)
8.4.3. Europe Automotive Braking System Sales by Countries (2017-2027)
8.4.4. Europe Automotive Braking System Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Automotive Braking System Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Automotive Braking System Sales and Growth Rate (2017-2027)
8.4.6.2. UK Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Automotive Braking System Sales and Growth Rate (2017-2027)
8.4.7.2. France Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Automotive Braking System Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Automotive Braking System Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Automotive Braking System Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Automotive Braking System Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Automotive Braking System Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Automotive Braking System Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Automotive Braking System Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Automotive Braking System Sales and Growth Rate (2017-2027)
8.5.5.2. China Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Automotive Braking System Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Automotive Braking System Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Automotive Braking System Sales and Growth Rate (2017-2027)
8.5.8.2. India Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Automotive Braking System Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Automotive Braking System Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Automotive Braking System Sales and Growth Rate (2017-2027)
8.6.2. South America Automotive Braking System Revenue and Growth Rate (2017-2027)
8.6.3. South America Automotive Braking System Sales by Countries (2017-2027)
8.6.4. South America Automotive Braking System Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Automotive Braking System Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Automotive Braking System Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Automotive Braking System Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Automotive Braking System Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Automotive Braking System Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Automotive Braking System Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Automotive Braking System Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Automotive Braking System Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Automotive Braking System Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Automotive Braking System Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Automotive Braking System Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Automotive Braking System Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Automotive Braking System Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.10. Rest of Middle East and Africa
8.7.10.1. Rest of Middle East and Africa Automotive Braking System Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Automotive Braking System Revenue (Millions USD) and Growth Rate (2017-2027)
9. Company Profiles
9.1. Aisin Seiki Co., Ltd.
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Sales, Revenue and Market Share
9.2. Akebono Brake Industry Co., Ltd.
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Sales, Revenue and Market Share
9.3. Autoliv, Inc.
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Sales, Revenue and Market Share
9.4. Brembo S.p.A
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Sales, Revenue and Market Share
9.5. Continental AG
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Sales, Revenue and Market Share
9.6. Federal-Mogul Holdings LLC
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Sales, Revenue and Market Share
9.7. Haldex
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Sales, Revenue and Market Share
9.8. Knorr-Bremse AG
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Sales, Revenue and Market Share
9.9. Nissin Kogyo Co., Ltd.
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Sales, Revenue and Market Share
9.10. Robert Bosch GmbH
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
10. Global Automotive Braking System Market Competition, by Manufacturer
10.1. Global Automotive Braking System Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Automotive Braking System Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Automotive Braking System Price by Manufacturer (2017-2017)
10.4. Top 5 Automotive Braking System Manufacturer Market Share
10.5. Market Competition Trend
11. Automotive Braking System Market Forecast (2027-2023)
11.1. Global Automotive Braking System Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Automotive Braking System Market Forecast by Regions (2027-2023)
11.2.1. North America Automotive Braking System Market Forecast (2027-2023)
11.2.1.1. United States Automotive Braking System Market Forecast (2027-2023)
11.2.1.2. Canada Automotive Braking System Market Forecast (2027-2023)
11.2.1.3. Mexico Automotive Braking System Market Forecast (2027-2023)
11.2.2. Europe Automotive Braking System Market Forecast (2027-2023)
11.2.2.1. Germany Automotive Braking System Market Forecast (2027-2023)
11.2.2.2. United Kingdom Automotive Braking Systems Market Forecast (2027-2023)
11.2.2.3. France Automotive Braking System Market Forecast (2027-2023)
11.2.2.4. Russia Automotive Braking System Market Forecast (2027-2023)
11.2.2.5. Italy Automotive Braking System Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Automotive Braking System Market Forecast (2027-2023)
11.2.3. Asia-Pacific Automotive Braking System Market Forecast (2027-2023)
11.2.3.1. China Automotive Braking System Market Forecast (2027-2023)
11.2.3.2. Japan Automotive Braking System Market Forecast (2027-2023)
11.2.3.3. Korea Automotive Braking System Market Forecast (2027-2023)
11.2.3.4. India Automotive Braking System Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Automotive Braking System Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Automotive Braking System Market Forecast (2027-2023)
11.2.4. South America Automotive Braking System Market Forecast (2027-2023)
11.2.4.1. Brazil Automotive Braking System Market Forecast (2027-2023)
11.2.4.2. Argentina Automotive Braking System Market Forecast (2027-2023)
11.2.4.3. Columbia Automotive Braking System Market Forecast (2027-2023)
11.2.4.4. Rest of South America Automotive Braking System Market Forecast (2027-2023)
11.2.5. Middle East and Africa Automotive Braking System Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Automotive Braking System Market Forecast (2027-2023)
11.2.5.2. UAE Automotive Braking System Market Forecast (2027-2023)
11.2.5.3. Egypt Automotive Braking System Market Forecast (2027-2023)
11.2.5.4. Nigeria Automotive Braking System Market Forecast (2027-2023)
11.2.5.5. South Africa Automotive Braking System Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Automotive Braking System Market Forecast (2027-2023)
11.3. Automotive Braking System Market Forecast by Type (2027-2023)
11.3.1. Global Automotive Braking System Sales Forecast by Type (2027-2023)
11.3.2. Global Automotive Braking System Sales Market Share Forecast by Type (2027-2023)
11.4. Automotive Braking System Market Forecast by Vehicle Type (2027-2023)
11.4.1. Global Automotive Braking System Sales Forecast by Vehicle Type (2027-2023)
11.4.2. Global Automotive Braking System Sales Market Share Forecast by Vehicle Type (2027-2023)
11.5. Automotive Braking System Market Forecast by Technology (2027-2023)
11.5.1. Global Automotive Braking System Sales Forecast by Technology (2027-2023)
11.5.2. Global Automotive Braking System Sales Market Share Forecast by Technology (2027-2023)
List of Tables
(*You can glance through the list of Tables and Figures when you view the sample copy of Automotive Braking System Market.)
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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