Brake System Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2021-2026

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Brake System Market - Industry Analysis, Market
Size, Share, Trends, Application Analysis, Growth
and Forecast (2021-2026)
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•  Brake System Market is forecast to reach 34.0
  billion by 2026 after growing at a CAGR of
  6.1 during 2021-2026.
• The increase in production and sales volume of
  the automobiles along with the rise in demand for
  electric vehicles is analyzed to drive the Brake
  System Market during the forecast period
  2021-2026.
• Apart from this, the growing stringency in the
  traffic safety applications is also analyzed to
  be a major factor driving the market for advanced
  brake systems such as antilock braking system,
  electronic brake force distribution system and so
  on.  

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• Key Takeaways
• Asia-Pacific dominates the Brake System Market
  owing to presence of large manufacturing base of
  automobiles in this regions.
• With the significant increase in the stringent
  safety regulations electronically controlled
  brakes hold the major market share over the
  manual brakes.
• The increase in implementation of Advanced driver
  assistance system (ADAS) along with automatic
  emergency braking (AEB) is also analyzed to boost
  the Brake System market during the forecast
  period 2021-2026.

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By Distribution Channel- Segment
Analysis Electronic Brake system is analyzed to
hold a major market share at 21.3 in 2020 and
the market is estimated to witness significant
growth rate when compared to the manual braking
systems. Electronic brakes hold the major share
over drum brakes, pumping brakes and vacuum
assisted brake systems. Moreover the sales of
electric cars, as indicated by the International
Energy Agency has reached 5.1 million units in
2018 and is forecast to touch the mark of 125
million units by 2030 thereby impacting a
significant increase in demand for brake systems
during the forecast period 2021-2026.
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• Brake System Market Industry Outlook
• Robert Bosch GmbH
• Continental AG
• ZF Friedrichshafen AG
• Wabco Holdings, Inc.
• Akebono Brake Industry Co Ltd
• Autoliv Inc.
• Brembo S.P.A
• Delphi Automotive PLC
• Hitachi Automotive Systems, Ltd.
• Haldex AB

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Brake System Market - Industry Analysis,
Market Size, Share, Trends, Application Analysis,
Growth and Forecast (2021-2026)Learn More About
the Report _at_ https//www.industryarc.com/Resear
ch/Brake-System-Market-Research-501082
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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  /purchasereport.php?id501082

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Reddy Contact (1) 970-236-3677 Email
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