Global Brakes Market expected to grow at a CAGR of 4.66 % during 2016-2021

Date: 7 December 2016

According to the report titled “GlobalBrakes Market (Disc Brakes, Drum Brakes) - (By Type, By Region, By Country):Trends, Opportunities and Forecasts (2016-2021) - Global Brakes (Disc Brakes, Drum Brakes) Market - (By Type, By Region, By Country): Trends, Opportunities and Forecasts (2016-2021) – (By Type: Disc and Drum; By Region-North America, Europe, APAC, ROW; By Country: U.S., Canada, Mexico, UK, Germany, China, India)”, created through extensive primary research (interviews with key people from healthcare companies, stakeholders) and secondary research (premium databases, associations), global brakes market is projected to exhibit a CAGR of over ~ 4.66% during 2016 – 2021, driven by rising vehicle production. On the basis of market segment, the market has been segmented into types of brakes which are disc and drum.

Brakes are the most common part which is also most essential part in the vehicle. Advancements in the brakes are raising the demand from vehicle manufacturers. The increase in sales of high end vehicles would boost the demand of brakes in the period of 2016-2021.

Among the types, disc brakes are expected to rise on account of advancement in technology, coupled with the changes in the norms of stopping distances in developed countries.

Among the regions, APAC remains the largest market in terms of revenue and is also expected to be the fastest growing region, due to the rise in the number of ablation procedures among the population, followed by North America region. Key markets in India and China will continue to rise considering the growing numbers of vehicles produced in the countries.

The report titled “Global Brakes Market (Disc Brakes, Drum Brakes) - (By Type, By Region, By Country): Trends, Opportunities and Forecasts (2016-2021) – (By Type: Disc and Drum; By Region-North America, Europe, APAC, ROW; By Country: U.S., Canada, Mexico, UK, Germany, China, India)’’ has analysed the potential of Global Brakes Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Brake market. 

...