Stringent environmental concerns and high demand for advanced transmission are expected to drive the demand of global automotive brake band market in the forecast period, 2023-2027.
The global automotive brake band market is expected to grow at a significant rate during the forecast period. The growth can be attributed to the rapid technological advancements in the automotive sector and entry of new market players. Besides, rising personal disposable income of the population and growing urbanization are fueling the growth of the global automotive brake band market. Additionally, changing consumer preferences for private vehicles and high-end investments in research & development to find innovative solutions for the advancement of vehicle components are propelling the growth of the global automotive brake band market. Increasing ownership of vehicles in developing nations such as India, China, Brazil, etc. as well as growing vehicle fleet are anticipated to drive the growth of the global automotive brake band market in the coming years. Rapid urbanization and industrialization activities are increasing the sales of commercial vehicles to handle logistics, which is boosting the growth of the global automotive brake band market. Massive sales of passenger vehicles owing to increasing personal disposable incomes and changing lifestyle preferences are boosting the growth of automotive brake band market. Many automotive OEMs are adopting advanced systems like automated manual transmission to reduce the emission of carbon from vehicles, improve fuel efficiency, and enhance driving performance, which is boosting the growth of the global automotive brake band market. Stringent government measures to ensure the safety of the vehicles and development of advanced braking systems are providing remarkable opportunities for the market players operating in the global automotive brake band market. However, high installation and maintenance costs could hamper the global automotive brake band market during the forecast period.
The global automotive brake band market is segmented on the basis of transmission type, vehicle type, propulsion, demand category, regional distribution, and company. Based on the transmission type, the global automotive brake band market is bifurcated into automatic transmission (AT), automated manual transmission (AMT), dual-clutch transmission (DCT), continuously variable transmission (CVT) and others. Automatic transmission segment is expected to dominate the market as it provides enhanced convenience and comfort to the customers and help them navigate smoothly through dense traffic.
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Top companies dominating the global automotive brake band market are Continental AG, Robert Bosch GmbH, Knott Brake Co, Cook Bonding & Manufacturing Co., Inc., Phoenix Friction Products, etc.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
- To analyze the historical growth in the market size of global automotive brake band market from 2017 to 2021.
- To estimate and forecast the market size of g global automotive brake band market from 2022 to 2027 and growth rate until 2027.
- To classify and forecast global automotive brake band market based on product type, application, fuel type, region, and competitive landscape.
- To identify dominant region or segment in the global automotive brake band market.
- To identify drivers and challenges for global automotive brake band market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive brake band market.
- To identify and analyze the profile of leading players operating in the global automotive brake band market.
- To identify key sustainable strategies adopted by market players in the global automotive brake band market.
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In this report, global automotive brake band market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Automotive Brake Band Market, By Transmission Type:
- Automatic Transmission (AT)
- Automated Manual Transmission (AMT)
- Dual-Clutch Transmission (DCT)
- Continuously Variable Transmission (CVT)
Automotive Brake Band Market, By Vehicle Type:
- Passenger Cars
Automotive Brake Band Market, By Propulsion:
- Electric and Hybrid
Automotive Brake Band Market, By Demand Category:
Automotive Brake Band Market, By Region:
- North America
- United States
- South Korea
- Europe & CIS
- United Kingdom
- South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- North America
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of global automotive brake band market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Automotive brake band manufacturing companies/partners
- Government bodies such as regulating authorities and policy makers
- Organizations, industry associations, forums and alliances related to global automotive brake band market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
Company Profiles: Detailed analysis of the major companies present in global automotive brake band market.
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