San Francisco, California, December 06, 2018: A report by TMR Research, titled, “Automotive Brakes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025,” states that with the automotive boom, the market for automotive brakes is set to soar impressively. Another factor supporting continued market growth is the increasing thrust on vehicle safety. Brakes play a key role in slowing down or suddenly stopping the vehicles. In this manner they prevent sudden collisions.
A prominent trend shaping the global automotive brakes market is the thrust on improving the designs. The modern crop of brakes consists of parking brakes, emergency brakes, and service brakes. Normally, an automobile braking system consists of rotor, piston, brake pads, brake shoes, brake boosters, and brake drums. They also comprise of a master cylinder. To ensure brakes function properly, it is necessary to ensure all these parts function properly. Brake failure can be thwarted by avoiding sticking, corrosion, and piston failure.
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A challenge facing the global automotive brakes market are technologies such as heavy braking. It releases substantial amount of carbon dioxide into the air and thus is facing the flak. Further, special maintenance needed for electronically assisted brakes and high raw material prices is also affecting market growth. To overcome the issue, manufacturers have come up with regenerative and compact, light braking systems. The global automotive brakes market is also benefitting from introduction of cutting edge technologies, namely electronic stability control (ESC).
In order to up sales, distributers and manufacturers in the global automotive brakes market are banking upon the ecommerce channels. And consumers are lapping it up, particularly with the hefty discounts provided by online platforms such as eBay and Amazon.
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Prominent participants in the global automotive brakes market are Akebono Brake Industry Co., Ltd., Accuride Corporation, Robert Bosch GmbH, Hyundai Mobis Co., Ltd., and Aisin Seiki Co.