DUBLIN--(BUSINESS WIRE)--The "Automotive Braking System Market - Forecasts From 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
The Automotive Braking System market is projected to grow at a CAGR of 4.08% to reach US$29.09 billion by 2023, from US$22.885 billion in 2017.
Rapid expanding automobile industry and increasing awareness regarding safety is considered as the driving factor for the growth of the market. According to World Health Organization nearly 1.3 million people die each year and between 20 and 50 million sustain non-fatal injuries due to road accidents.
Increasing purchasing power in developing counties has impacted the demand for vehicles which further drive the market for automotive braking systems. The presence of big players and high initial investment cost has restricted the entry of new players in the market, which is considered as the restraining factor for the growth of the market.
Major industry players profiled as part of the report are Akebono Brake Industry Co., Continental AG, Opto Diode Corporation, Federal-Mogul Holding Co, Disc Brakes Australia and Hella Pagid GmbH among others.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Automotive Braking System Market by Type
6. Automotive Braking System Market by Vehicle Type
7. Automotive Braking System Market by Geography
8. Competitive Intelligence
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/ls6rq2/global_automotive?w=4
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Brake Systems and Components