LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global automotive high-performance brake system market report. This research report also lists three other prominent vendors that are expected to impact the market during the forecast period.
The global automotive high-performance brake system market shipped 4.49 million units in 2016, and this is expected to reach 9.7 million units by 2021, growing at a CAGR of nearly 17%. High-performance brake systems are widely preferred by racing teams and have become standard fitments in most high-end sports cars. These brakes give durability to the vehicle braking system in the event of hard braking, which generates a tremendous amount of heat. High-performance brake systems are manufactured using highly durable and lightweight materials when compared with traditional brake systems.
Competitive vendor landscape
Currently, the global automotive high-performance brake system market has the presence of many manufacturers and is characterized by innovations in terms of weight reduction and durability. Investments in the development of innovative designs in terms of weight are expected to continue during the forecast period. The cost will remain an important factor of consideration for suppliers to increase wider applications.
“Brembo is the leader in the market, owing to its strong presence in both the OEM and aftermarket segments. It is the prominent vendor for racing teams of events like F1 and is active in the motorcycle segment as well,” says Siddharth Jaiswal, a lead automotive electronics research analyst from Technavio.
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Top five automotive high-performance brake system market vendors
BERINGER SAS
BERINGER SAS is a specialist in high-performance braking owing to its innovative solutions for motorcycle, quad, and car. They have a strong presence in high-performance brakes for racing market, particularly motorcycle racings. They invest more than 10% of their turnover each year in R&D development and has more than 10 patents for braking technologies.
Brembo
Brembo is an Italy-based automotive brake system manufacturing company for high-performance cars and motorcycles. The company sells over 1,300 products across the world, and has a presence in both OEMs and aftermarket. It is also a prominent brake system supplier to racing events such as F1, MotoGP, and IndyCar series.
Continental
Continental is one of the leading automotive suppliers having a presence across maximum geographic regions. The company offers products and services for automotive and rubber industries. It engages in the manufacture of soft rubber products, tires, automotive safety equipment, interior electronics, and many components for automotive segment.
EBC Brakes
EBC Brakes is one of the world’s leading brake specialist companies. It supplies products to both the aftermarket and production-based race cars. EBC Brakes produces the largest range of brake pads and brake discs in the world. It supplies brake pads, brake rotors, brake lines, brake kits, and brake shoes and accessories to passenger cars, motorcycles, and commercial vehicles in the automotive market.
StopTech
StopTech is one of the prominent players in global high-performance brake system market. It specializes in high-performance brake systems and its components like brake pads, brake lines, rotor, and racing brake fluid. It supplies products to both aftermarket and production-based race cars. It has over 700 platform offerings that dramatically improve the overall braking performance.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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