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Automotive Brake System Market to Reach $28.5 Billion by 2018 at a CAGR of 7.14% - New Report by MarketsandMarkets
Date:5/7/2013

(PRWEB) May 07, 2013

The report "Automotive Brake System Market By Geography, Brake Type (Disc, Drum), Vehicle Type (Passenger Cars, Light & Heavy Commercial, Two Wheelers) & Technology (Electronically Assisted & Others)—Global Trends & Forecast to 2018", defines and segments the automotive brakes market with analysis and forecasting of the global volume and revenue. Automotive brakes market is predicted to grow to $28,532 million by 2018, as compared to $20,210 million in 2013, with a CAGR of 7.14% from 2013 to 2018.

In this, drum brakes are expected to occupy the major share when compared to disc brakes systems during the next five years. However, the demand for disc brakes is estimated to increase at a faster rate and disc brakes are forecasted to slowly surpass the drum brakes market.

Asia-Pacific: The Leading Market for Automotive Brakes:

In the year 2013, Asia-Pacific Region is estimated to be the largest market for automotive brakes and would remain top consumer till the year 2018. The European market would be the second largest consumer for automotive brakes in the year 2013, whereas, North America is expected to be the third largest automotive brake consumers in the same year. The demand trend is predicted to remain the same till 2018; however, demand for automotive brakes in Asia-Pacific and North American regions is estimated to grow at the faster rates than in the European region.

Browse:

  • 154 Market Data Tables
  • 41 Figures
  • 390 Pages and In-Depth Table of Content of “Automotive Brake System Market”

http://www.marketsandmarkets.com/Market-Reports/automotive-brake-system-market-1070.html

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