(MENAFN Editorial) DUBLIN, Dec. 15, 2017 /PRNewswire/ --
The report has been added to Research and Markets' offering.
Global Automotive Brake Components Aftermarket 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is rising adoption of carbon ceramic brake pads. The automotive industry is witnessing the growth of numerous performance enhancing technologies that make driving more comfortable, enjoyable, fun, and safer. These advanced technologies are being used by automakers as product differentiators to attract more customers.According to the report, one driver in the market is increasing efforts to reduce the cost of advanced braking systems across all vehicle segments. Currently, the automotive industry is experiencing increased demand for advanced safety systems in vehicles. This is primarily due to increased customer awareness of vehicular and on-road safety. More than advanced infotainment features, customers concentrate on ensuring maximum protection in the vehicles owned by them. Also, the implementation of stringent vehicular safety norms has led to increasing demand for advanced safety technologies. As a result of the growing customer demand and vehicle safety norms, automakers are offering advanced collision avoidance systems, either as an option or as a standard fitment, in more vehicles, especially premium segments.
Further, the report states that one challenge in the market is lack of high precision in tuning leading to possible fatalities. Advancements in technology are often accompanied by complex design and mechanism. Though the automotive industry is shifting to advanced brake technologies with electrification of components, the durability and reliability of such systems can sometimes be a cause for concern. For example, in mid-2015 Japanese automaker Subaru' recalled more than 70,000 vehicles in the US to fix a faulty brake system. These cars were equipped with Subaru's driver assist system, an automatic brake system designed to help the driver to avoid a collision.Market trends
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