DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Brake Systems Market - Global Forecast to 2021" report to their offering.
The brake system market is projected to grow at a CAGR of 6.94% during the forecast period, to reach a market size of USD 31.94 billion by 2021.
According to the U.S. National Highway Traffic Safety Administration (NHTSA), 32% crashes in 2013 were rear-ended crashes, where stopping distance mattered and more people were injured in rear-end crashes than any other type of crash. As a safety measure, regulations with reduced stopping distance have been introduced, which in turn are making brake manufacturers focus on developing brakes that meet the stopping distance regulation and enhance the performance of the brake systems in commercial vehicles.
Global NCAP adopted a declaration on Electronic Stability Control (ESC), which requests all UN Member States to mandate ESC in new models by 2018 and in all automobiles by 2020. ASEAN NCAP aims to push the ESC as a standard fit on all cars, and will consider only cars with ESC for five star ratings. The key factor restraining the market growth is the high development cost of advanced braking technologies.
Companies Mentioned
- Aisin Seiki Co., Ltd.
- Akebono Brake Industry Co Ltd
- Autoliv Inc.
- Brembo S.P.A
- Continental AG
- Delphi Automotive PLC
- Federal-Mogul Holdings Corp
- Haldex AB
- Hitachi Automotive Systems, Ltd.
- Knorr Bremse AG
- Mando Corp.
- Nissin Kogyo Co., Ltd.
- Robert Bosch GmbH
- Wabco Holdings Inc
-
ZF Friedrichshafen AG
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Electronic Brake System Market, By Technology & Region
7 Off-Highway Brake System Market, By Application & Region
8 Brake System Market, By Brake Type, Vehicle Type & Country
9 Competitive Landscape
10 Company Profiles
11 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/3dbp6d/brake_systems
