Automotive Braking Component Market size was valued at US$ 96.34 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 5.65% through 2023 to 2029, reaching nearly US$ 141.54 Bn.
Summary:
The global Automotive Braking Component market, valued at USD 3.11 billion in 2023, is projected to reach USD 5.73 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.13%. A report by Maximize Market Research highlights the key trends, drivers, and segmentation of the market, offering insights into future growth opportunities and competitive dynamics.
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Market Size:
According to Maximize Market Research, the Automotive Braking Component market was valued at USD 3.11 billion in 2023 and is forecasted to grow at a CAGR of 9.13% between 2024 and 2030, reaching USD 5.73 billion by 2030. The growth is driven by increasing demand for high-quality video recording in adventure sports, recreational activities, and emergency services.
Scope and Research Methodology:
The report provides a comprehensive analysis of market trends, dynamics, and key growth factors, applying advanced research methodologies to understand market patterns. It also analyzes the competitive landscape, highlighting the global and regional players who dominate the Automotive Braking Component industry.
Report Coverage:
The report covers detailed insights into the market's growth factors, competitive landscape, and market segmentation by product resolution, distribution channel, and application. It focuses on the latest technological advancements and the impact of evolving consumer preferences on the market.
Market Overview:
Automotive Braking Components are gaining popularity across various segments, including recreational activities, sports, and emergency services. The demand for ultra-high-definition (UHD) cameras with enhanced durability, waterproofing, and shockproof features is driving market expansion. These compact cameras are increasingly used for capturing extreme sports and outdoor adventures, further boosting market growth.
Market Dynamics:
- Drivers: Growing participation in adventure sports, rising demand for compact and rugged cameras, and the increasing trend of vlogging and content creation.
- Restraints: High cost of Automotive Braking Components and growing competition from smartphones with advanced camera features.
- Opportunities: Technological advancements in video resolution and stabilization, along with increasing popularity in social media, present new growth opportunities for market players.
Segmentation:
by Vehicle Type
Primary Radar
Secondary Radar
by Sales Channel
Civil Airports
Military Airports
by Product Type
Electronic Stability Control
Adaptive Cruise Control
Anti-lock Braking System
Differential Slip Control
Traction Control System Civil Airports
Key Players Include:
The report highlights the competitive landscape of the Automotive Braking Component market, with leading players such as:
1. Akebono Brake Industry
2. Brake Parts
3. Brembo
4. CARDONE Industries
5. Continental
6. Halla Mando Corp
7. CWD
8. Centric Parts
9. Delphi Automotive Plc
10. Honeywell International Inc
11. Nisshinbo Industries
12. AC Delco
13. EBC Brakes
14. Robert Bosch GmbH
15. Federal-Mogul
16. Japan Brake Industrial Co. Ltd.
17. MAT Holdings
18. Power Stop
19. TMD Friction Holdings GmbH
20. ZF TRW
Key Offerings:
- Detailed market insights
- Comprehensive competitive analysis
- In-depth segmentation
- Industry growth forecasts
Table of Contents:
- Introduction
- Research Methodology
- Market Overview
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Regional Analysis
- Conclusion
For further details, feel free to reach out to us at any time: https://www.maximizemarketresearch.com/market-report/global-automotive-braking-component-market/16533/
About Us:
Maximize Market Research is a global market research and consulting firm providing high-quality data and insights across various industries. Our tailored solutions and expert analysis help businesses navigate competitive markets and drive growth. We cater to clients in sectors including IT, chemicals, aerospace, healthcare, and more.
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