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MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Automotive Brake Components Market Size, Share, Analysis, Forecast 2023-2028.
The Automotive Brake Components Market size is estimated to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28.
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Governments of various countries worldwide are laying out strict regulations for automakers to include enhanced safety features in vehicles, owing to which technologies like ABS (Anti-lock Brake Systems), BA (Brake Assist), EBD (Electronic Brakeforce Distribution), & AEB (Advanced Emergency Braking) have gained traction in the past few years, in order to reduce road accidents. ABS provides enhanced vehicle stability & directional control and aids in minimizing stopping distance when hard brakes are applied. On the other hand, BA is based on ABS technology & is used usually in combination with ABS to reduce the stopping distance by around 45%. Next is EBD, i.e., the extended version of ABS that helps distribute equal force to each wheel and offers benefits like improved traction, better stability, & enhanced braking efficiency. Hence, the burgeoning adoption of these technologies by automakers to comply with stringent government regulations is projected to drive the Global Automotive Brake Components Market during 2023-28.
The report has segmented the market into the following categories:
By Vehicle Type
-Medium and Heavy Commercial Vehicles
-Light Commercial Vehicles
-Passenger Cars
-Others
By Sales Channel
-OEMs
-Aftermarket
By Product Type
-Brake Caliper
–Floating Caliper
–Fixed Caliper
-Brake Pad
–Metal
–Ceramic
–Organic
-Brake Rotor
-Brake Shoe
-Brake Line
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Market Divided by Region/Country:
By Regions
-North America
-South America
-Europe
-Middle East
-Africa
-Asia-Pacific
Philips, ResMed, Medtronic, Becton Dickinson, GEHealthcare, Getinge, Air Liquide, Hamilton Medical, Smith’s Group, Drager, Fisher and Paykel, Others
Note – If you require specific information not currently addressed in the report’s scope, we will supply it to you as part of the customization process
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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