Braking systems in automotive are mainly incorporated to avoid accidents. Advanced braking systems are helping in the reduction in the loss of lives caused by accidents. The braking systems can be incorporated into other automotive systems to avoid skidding off the vehicles, making way to reduce the potential accidents. The rise in the production of vehicles and vehicle sales, coupled with stopping distance regulations, have made the automotive friction brake system market to rise over with the inclined growth over the forecast period.
The Middle East & Africa Automotive Friction Brake System Market Size & Growth:
The Middle East & Africa Automotive Friction Brake System Market is anticipated to reach the value of $4.19 billion in 2024 from $2.35 billion in 2018 with CAGR of 5.54%. Key parameters like focus on preventive maintenance and strictness in safety norms, increasing concerns over safety and government rules to improve vehicle safety, increase in the distance travelled by vehicles and longer replacement cycle are accelerating this market growth. Automotive friction brake system market has opportunities for an increase in lifespan of vehicles due to the delay of a new vehicle purchase in the developing economies. Factors like counterfeit brake products and mechanisms, high cost for incorporating advanced braking technologies, use of environmentally harmful materials in brake pads are restraining the market growth.
The Middle East & Africa Automotive Friction Brake System Market Share:
The Middle East & Africa Automotive Friction Brake System market is divided by product type, vehicle type, brake pad material type, technology and geographical segments. Disc type and drum type are
Based on brake pad material type, the market is classified into semi-metallic, metallic and ceramic types. Semi-metallic pads are found in the majority of the passenger cars. Ceramic pads are used in the costliest cars owing to its high resistance and durability. On accounting the sales, semi-metallic pads have the largest market among all the brake pad materials. Based on technology, the market is classified into Electronic brake force distribution, Electronic stability control, Anti-lock braking system and Traction control system. Antilock braking systems are having the largest share as they are highly implemented. ESC is the fastest growing segment, owing to the advantages in acquiring the vehicle control in the emergency situations. Based on region, the middle east & Africa automotive friction brake market is classified into middle east and
The Middle East & Africa Automotive Friction Brake System Market Trends:
The Middle East & Africa Automotive Friction Brake System Market Research Reports Includes:
Along with these companies, there were many other companies are considered in the report while analysing the Middle East & Africa Automotive Friction Brake System market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
Starting from $2700
Starting from $2700
Starting from $2700
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