The automotive high-performance brake system market and it is poised to grow by USD 1.54 billion during 2021-2025, progressing at a CAGR of almost 5% during the forecast period, according to a new report.
The report by Technavio offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aisin Corp, Akebono Brake Industry Co. Ltd., BERINGER SAS, Brembo Spa, Carlisle Companies Inc., Centric Parts, Continental AG, Freeman Automotive (UK) Ltd., Wilwood Engineering Inc., and ZF Friedrichshafen AG are some of the major market participants.
Although the increasing electrification of vehicles will offer immense growth opportunities, regulations restricting the formation of brake dust are likely to pose a challenge for the market vendors.
In a bid to help players strengthen their market foothold, this automotive high-performance brake system market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive high-performance brake system market report covers the following areas:
– Automotive High-performance Brake System Market Size
– Automotive High-performance Brake System Market Trends
– Automotive High-performance Brake System Market Industry Analysis
The study identifies the increasing popularity of additive manufacturing in the automotive industry as one of the prime reasons driving the Automotive High-performance Brake System Market growth during the next few years.