The global automotive brake valve market is expected to witness substantial growth during the forecast period: MRFR
Market Research Future published a Half-Cooked Research Report on the global automotive brake valve market that contains information from 2017 to 2025. The global automotive brake valve market is expected to progress with ~5% CAGR from 2019 to 2025.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Automotive Brake Valve Market Information from 2019 to 2025."
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Key players
The key players operating in the global market include Sundoz Co., Ltd (Taiwan), EBS Aftermarket Group Limited (UK), Knorr-Bremse AG (Hungary), Federal-Mogul Holdings Corp. (US), Eaton Corporation Plc (Ireland), WABCO (Belgium), Alfmeier precision SE (Germany), MAHLE GmbH (Germany), Continental Automotive GmbH (Germany), and Poclain Hydraulics (France).
Readily apparent factors that require more modern braking systems are increased traffic density, higher speeds, change in vehicle design, and heavier vehicle weights, which result in a greater concern for highway safety, higher performance level, and vehicle weight ratios. Vehicle control, stability, and system reliability are the primary concerns while designing any brake systems. These aims are achieved by minimizing the possibility of automatic brake applications, maximizing driver control, good component design, synchronizing the braking on all axles, and appropriate system design to avoid vulnerable piping. The effective braking depends mainly on the response time of the entire braking system and driver’s feel.
The braking system layout design complexity depends on the functioning of valves in a logical sequence during different stages of braking, i.e., emergency, normal, and one circuit failed condition. The use of a dual brake valve gives single-point control of two braking systems, which assist in driver control enhancement of braking functions. Dual brake valve provides graduated air pressure to apply and release brakes on application of driver’s effort on the brake pedal. The two independent deliveries of dual brake valve control the primary (rear brakes) and secondary (front brakes) circuit. This valve design ensures uninterrupted supply of air pressure to secondary one even in case of failure of the primary circuit.
Regional Analysis
The global automotive brake valve market, based on region, is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific, with the increasing safety awareness, rising automotive production, and significant vehicle fleet size, is expected to dominate the global market in 2018. North America is estimated to register significant growth during the forecast period due to the rising adoption of safer braking solutions.
The global automotive brake valve market is expected to register substantial growth to reach approx. USD 5 Billion by the end of 2025, with ~5% CAGR from 2019–2025.
Segmentation
The global automotive brake valve market is segmented by product type, material type, vehicle type, sales channel, and region.
By product type, the global automotive brake valve market is classified into metering, pressure differential, proportionating, combinational, hydraulic, and others. The pressure differential segment is expected to dominate the global automotive brake valve market.
By material type, the global automotive brake valve market is segmented into steel, copper, brass, and others.
By vehicle type, the global automotive brake valve market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles.
By sales channel, the global automotive brake valve market is divided into OEM and aftermarket.
Based on product type, the pressure differential segment is projected to be dominant throughout the study period. However, the combinational segment is expected to register significant growth over the next six years. Based on material type, the steel segment is estimated to account for major share in the global automotive brake valve market. However, the copper segment is expected to register significant growth over the forecast period. Based on vehicle type, the passenger car segment is expected to hold a larger share during the study period due to the relatively higher adoption of brake valves as compared to commercial vehicles and higher vehicle production units. Based on sales channel, the aftermarket segment is estimated to account for major share in the global automotive brake valve market. The OEM segment is projected to witness substantial growth during the review period.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global automotive brake valve market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.
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List Of Tables
Table 1 List Of Assumptions
Table 2 Global Automotive Brake Valve Market, By Product Type, 2019–2025
Table 3 Global Automotive Brake Valve Market, By Material Type, 2019–2025
Table 4 Global Automotive Brake Valve Market, By Vehicle Type, 2019–2025
Table 5 Global Automotive Brake Valve Market, By Region, 2019–2025
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List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top-Down And Bottom-Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Continued…….
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