Irving, Texas (PRWEB) February 04, 2013
The global automotive brake manufacturing industry, which grew moderately over the last five years, is expected to grow somewhat more consistently with a CAGR of 4% over the next five years (through 2017). The industry is anticipated to reach global revenue of approximately US $24 billion in 2017, driven by worldwide growth in the production of passenger cars and commercial vehicles.
Lucintel, a leading global management consulting and market research firm, has analyzed the global automotive brake manufacturing industry and presents its findings in “Global Automotive Brake Manufacturing Industry 2012-2017: Trend, Profit, and Forecast Analysis.”
The highly consolidated industry is engaged in the manufacturing of consist of brake pads, brake disks, brake drums, and brake shoes. The Asia Pacific (APAC) region dominates the industry in terms of market share. The global automotive brake manufacturing industry is dominated by the five leading companies: Aisin Seiki Co.Ltd., Akebono Brake Industry Co. Ltd, TRW Automotive, Nissin Kogyo Co.Ltd., and Honeywell. These five players control 68% of the global market in automotive brake manufacturing.
Continuous modernization and technological expansion, high investment in research and development, government policies, and safety regulations all are anticipated to affect industry dynamics significantly The APAC region drove the overall industry over the last five years. It is expected to continue that trend through 2017, primarily due to the strong performance of manufacturers across the global platform, as well as because of their operational execution and R&D competiveness.
As Lucintel’s study outlines, there are several emerging trends in the industry, including brake by wire, brake assist, and collision mitigation braking systems, among other technological developments.
This transportation industry reports provides an overview of the global automotive brake manufacturing industry. The report studies manufacturers serving this segment, providing a five-year annual trend and forecast analysis that highlights market size, profit, and cost structure for North America, Europe, APAC, and the Rest of the World regions.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk (at) lucintel (dot) com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and competitive advantage, cost efficiency. To learn more, visit http://www.lucintel.com.
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