A typical automotive brake system or braking system comprises of a brake device having different components, which are used for slowing or stopping down a vehicle. More precisely, these devices decrease or stop the speed of a moving or rotating body by absorbing kinetic energy mechanically or electrically. LPI (LP Information)' newest research report, the ﾓBrake System Industry Forecastﾔ looks at past sales and reviews total world Brake System sales in 2022, providing a comprehensive analysis by region and market sector of projected Brake System sales for 2023 through 2029. With Brake System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Brake System industry. This Insight Report provides a comprehensive analysis of the global Brake System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Brake System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Brake System market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Brake System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Brake System. The global Brake System market size is projected to grow from US$ 11940 million in 2022 to US$ 14800 million in 2029; it is expected to grow at a CAGR of 14800 from 2023 to 2029. Knorr-Bremse, Wabco, Haldex, Nabtesco-Automotive and Sorl Auto Parts are the leaders of the Brake System industry, which take about 60% market share.Asia-Pacific is the major region of the global market, which takes about 57% market share. This report presents a comprehensive overview, market shares, and growth opportunities of Brake System market by product type, application, key manufacturers and key regions and countries. Market Segmentation: Segmentation by type Disc Brakes Drum Brakes Segmentation by application Passenger Vehicle Commercial Vehicle This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. ZF Aisin Akebono Brake Industry CBI Continental Nissin Kogyo Mando APG Knorr-Bremse Wabco XinYi Shandong Aoyou Key Questions Addressed in this Report What is the 10-year outlook for the global Brake System market? What factors are driving Brake System market growth, globally and by region? Which technologies are poised for the fastest growth by market and region? How do Brake System market opportunities vary by end market size? How does Brake System break out type, application? What are the influences of COVID-19 and Russia-Ukraine war?
1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Brake System Annual Sales 2018-2029 2.1.2 World Cur
