Boston, MA -- (SBWIRE) -- 07/14/2014 -- The brake system is an important safety component used in a vehicle to reduce the speed and assist with control of the vehicle. Brakes are evolved from the simple wooden-block brakes to the modern-day disc and drum brakes with electronic assistance. Friction brakes are used in automobiles and these brakes operate by applying friction. The ultimate goal that automotive engineers and technicians share and strive to reach is to give a comfortable and safer passenger experience.

TechNavio's analysts forecast the Global Automotive Brake System market will grow at a CAGR of 7.1 percent over the period 2014-2018.

Covered in this Report

As a result of the demand for advanced safety technologies such as ACC, CMBS, EBS, EBD, ESP, and VSA, the Global Automotive Brake System market is currently growing at a rapid rate. Initially these advanced systems were used only in high-end vehicles; however, currently these systems are incorporated in all vehicles as a result of government initiatives that focus on the safety and comfort of the vehicle's occupants. The market in the APAC region is the leading and the fastest growing market for automobile and automobile brakes.

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TechNavio's report, the Global Automotive Brake System Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Automotive Brake System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions

- Americas
- EMEA
- APAC

Key Vendors

- AisinSeiki Co. Ltd
- Akebono Industry Co. Ltd
- Brembo S.P.A.
- Nissin Kogyo Co. Ltd
- TRW Automotive Holdings Corp.

Other Prominent Vendors

- Automotive Components Europe S.A.
- Continental AG
- Federal-Mogul Corporation
- Haldex
- Halla Mando Corporation
- Hyundai Mobis Co. Ltd
- Knorr-Bremse AG
- Meritor Inc.
- Nisshinbo Brake Inc.
- Robert Bosch GMBH
- Sundaram Brake Linings Limited
- TMD Friction Group S.A.

Key Market Driver

- Increase in Demand for EBS.
- For a full, detailed list, view our report.

Key Market Challenge

- Inconsistent Stop Time in ABS.
- For a full, detailed list, view our report.

Key Market Trend

- Increase in Automation of Braking Systems.
- For a full, detailed list, view our report.

Key Questions Answered in this Report

- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: AisinSeiki Co. Ltd, Akebono Industry Co. Ltd, Brembo S.P.A., Nissin Kogyo Co. Ltd, TRW Automotive Holdings Corp., Automotive Components Europe S.A., Continental AG, Federal-Mogul Corporation, Haldex, Halla Mando Corporation, Hyundai Mobis Co. Ltd, Knorr-Bremse AG, Meritor Inc., Nisshinbo Brake Inc., Robert Bosch GMBH, Sundaram Brake Linings Limited, TMD Friction Group S.A.

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