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(I-AutoNewsWire.com, November 01, 2017 ) Market Overview The growth in automotive industry is anticipated to fuel the growth of United States Automotive brake system market along with the increasing concerns over safety and resulting government pressures that have upturned the OEM’s towards the launching of higher technology content, thereby driving the demand for global automotive brake systems across the globe.
The developing industry of automotive has largely emphasised on the development of the vehicles that are fast and safe. Brakes have become an important and crucial part of any vehicle so as to ensure the safety which becomes very essential when the demand of speed is increasing steadily. Being commonly used in different automobiles an automotive brake system comprises a brake device having different components (such as brake pads, brake shoes, brake drum, rotor, piston, calliper, master cylinder, and brake booster) which are used for decelerating a vehicle.
There is an increase in demand for the installation of active as well as passive safety in automobiles. According to World Health Organization (WHO), approximately 1.3 million deaths occur due to accidents and a majority of the deaths could be reduced with the integration of robust safety features into vehicles
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United States Automotive Brake Components Market Key Players • Continental AG • ZF Friedrichshafen AG • Delphi Automotive PLC • Valeo S.A • Federal-Mogul Holdings • Nissin Kogyo • Robert Bosch GmbH • Akebono Brake Industry • Magneti Marelli S.p.A • Mando Corporation • Brembo S.p.A.
The market is expected to witness a significant upsurge over the next eight years, owing to the implementation of advanced systems such as Antilock Braking System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake-Force Distribution (EBD), among others. The introduction of smart braking systems has led to a decrease in the number of accidents and loss of lives. These can be integrated with other safety systems that enable speed control and prevent skidding of vehicles to minimize risks of a potential accident. The increasing production of vehicles and sales, coupled with regulations over stopping distances, have contributed magnanimously to the growth and development of the industry.
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Market Segments On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into__ • Drum Brake • Disc Brake • Other Geographically, this report splits the United States market into seven regions: • The West • Southwest • The Middle Atlantic • New England • The South • The Midwest
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Source: EmailWire.Com
Source: EmailWire.com
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