Maximize Market Research’s latest report, ” Global Indian Automotive Braking System Market Global Demand Analysis and Opportunity Outlook 2027″, offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Indian Automotive Braking System Market reached US $XX Mn in 2019 and is expected to reach US $XX Mn by 2026 at a CAGR of XX%. Automotive braking system in a vehicle can be regarded as energy conversion device, which transfers the kinetic energy of a vehicle into heat to stop the vehicle.
Global Indian Automotive Braking System Market Overview
As compared to European countries which include France, Germany and Spain, in India, the proportion of deaths due to road accidents is around three to four times. In a report from the transport ministry released in September last year, the stats showed as many as 17 people died in 55 road accidents per hour on an average in 2017, with more than 50 per cent of the victims from the 18-35 age group. The report also stated one major fact – the overall number of accidents declined by 4.1 per cent from last year, but fatalities went up by 3.2 per cent. Indian automotive safety standards are rightfully condemned for being insufficient and ineffective. The World Health Organization data reveals that more than 1.25 million people are killed in road accidents every year and about 50 million people get injured worldwide and India has a lion’s share in it. Though India can boast about having world’s sixth-largest car market, it is still the only country among the global top ten car markets without a testing program that measures the safety of vehicles. This emphasises the need for efficient braking system. Failure of braking system is one of the key reasons for road accidents.
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Global Indian Automotive Braking System Market Major Market Players
Aisin Automotive Haryana Private Limited
TRW Automotive Holdings Corp
Sarbestos Auto Spares Pvt Ltd
ZF India Pvt Ltd
Endurance Technologies Limited
Rico Auto Industries Ltd.
ASK Automotive Ltd.
Brembo Brake India Pvt. Ltd.
Nissin Brake India Pvt. Ltd.
Allied Nippon Ltd.
Masu Brakes Private Limited
Kiran Udyog Pvt. Ltd.
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world’s largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Indian Automotive Braking System Market by Types and Applications:
Brake System Market, By Brake Type
• Disc Brake
• Drum Brake
Brake System Market, By Vehicle Type
• Passenger Vehicles
• Heavy Commercial Vehicle
• Light Commercial Vehicle
Brake System Market, By Technology
• Anti-Lock Braking System (ABS)
• Electronic Stability Control (ESC)
• Traction Control System (TCS)
• Electronic Brake-Force Distribution (EBD
The report has covered the market size by country (regions) for the global Indian Automotive Braking System market. Segment by Application. The Indian Automotive Braking System Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Indian Automotive Braking System Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Indian Automotive Braking System Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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