Transparency Market Research in its new report titled, “Automotive Hydraulic Brake Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the automotive hydraulic brake market. The TMR report anticipates that the advancements and developments in braking mechanism, owing to the rising demand for safety and security in vehicles will drive the automotive hydraulic brake market during the forecast period i.e, 2018-2026. Increase in vehicle production owing to the rise in demand for improved braking mechanism is also projected to boost the automotive hydraulic brake market during the forecast period. Automotive hydraulic brakes offer numerous benefits such as cost-effectiveness, efficiency, simple construction, and flexibility. These features are likely to augment the demand for automotive hydraulic brake during the forecast period, says the report.
The TMR report has segregated the global automotive hydraulic brake market based on components, vehicle type, sales channel, and region. On the basis of components, the automotive hydraulic brake market is bifurcated into master cylinder, brake fluid, brake drum, and others. In terms of components, the brake fluid segment held a leading share of the automotive hydraulic brake market, as it is an integral part of the brake that transfers force into pressure. Glycol ether fluid is the brake fluid that is widely utilized in hydraulic brakes. In terms of vehicle type, the automotive hydraulic brake market is classified into passenger vehicles and commercial vehicles. The passenger vehicles segment accounts for a major share of the market owing to the higher production of passenger vehicles. Rise in rate of adoption of automotive hydraulic brakes in passenger vehicles is due to the benefits offered by hydraulic brakes, such as enhances braking efficiency owing to low friction and higher leverage ratio, as compared to the mechanical braking system.
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On the basis of sales channel, the automotive hydraulic brake market is divided into original equipment manufacturers (OEMs) and others. The OEMs segment accounts for a major share of the market, as a large fleet of vehicles are deployed with hydraulic brakes. The segment is expanding and is expected to witness healthy expansion during the forecast period owing to the high rate of adoption of hydraulic braking systems in vehicles. Based on geographical perspective, the global automotive hydraulic brake market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Among the regions, Asia Pacific accounts for a major share of the global automotive hydraulic brake market owing to the high rate of adoption and expansion of the automotive sector in the region. Easy availability of automotive components such as brake fluid and master cylinder and increase in production of vehicles with hydraulic braking systems are expected to boost the automotive hydraulic brake market in the region during the forecast period.
Some of the prominent players operating in the global automotive hydraulic brake market are profiled in this report to give a better competitive analysis and these include Federal-Mogul Motorparts LLC., Coremo Ocmea S.p.A., Svendborg Brakes, EBC Brakes., Clarks cycle systems Ltd., NK, Continental AG, Robert Bosch GmBH, White Drive Products, Rico, and Eaton.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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