Automotive Brakes and Clutches Market to Reach $72.2 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Marred by depressed business conditions in the automobile industry, and recession in the United States, global sales of automotive brakes and clutches are projected to inch up to $72.2 billion by the year 2010. Although the market is mature, new systems such as electronic stability control (ESC) and brake by wire are expected to pep up growth.
San Jose, CA (PRWEB) April 23, 2008 -- As the market recovers poise, the steady conversion in the automobile industry from conventional systems to advanced electronic systems is forecast to help prop up growth in the upcoming years. The brake sector is one of the largest markets in the overall automotive parts industry. For a long time, the most common brake systems have been drum brakes and disc brakes. However new systems such as electronic stability control (ESC) and brake by wire are expected to keep the market sufficiently kindled. Brake-by-wire (BBW), a new technology is expected to revolutionize the market by providing safer braking and eliminating massive hydraulic technology. Advancements in this segment include anti-lock braking system (ABS), emergency-braking assistance (EBA), which are relatively young in the market. In the case of new technology introduction, Europe is ahead of North America largely due to greater appreciation and more willingness to pay for advanced technologies.
Europe, one of the three major vehicle markets of the industrial world, is seeing shifts in automotive transmission technologies. Despite facing strong resistance from consumers, automatic transmissions are advancing in terms of market share, particularly in the northern region. One technology that is expected to face little consumer resistance and offers the best of both worlds is dual-clutch technology. Dual-clutch gearbox is described by the terms such as power shift gearbox, direct shift gearbox, and twin clutch gearbox. The technology integrates the benefits of a conventional manual transmission with features of a novel automatic transmission.
Europe represents the largest automotive brakes and clutches market, with value sales of almost $20.4 billion estimated in the year 2008, as stated by Global Industry Analysts, Inc. Automotive Brakes Market in Asia-Pacific is forecast to reach $15.0 billion by the year 2015, while Automotive Clutches Market in Europe is projected to grow at a CAGR of 0.22% over the years 2011through 2015. Within the brakes product group, foundation brakes represent the largest and the most mature, particularly in the developed world. Electronic brake systems market is expected to exhibit strong growth over the years 2011 through 2015. These systems are slowly eating into the share of foundation brakes.
Leading players in the worldwide automotive brakes and clutches market include Advics Co. Ltd, Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd, Bendix Commercial Vehicle Systems, BorgWarner Inc, Brembo S.P.A, Continental Automotive Systems, Dana Corporation, Delphi Corporation, Exedy Corporation, Getrag Corporate Group, Haldex AB, Honeywell International Inc, Knorr-Bremse AG, Lamellen and Kupplungsbau GmbH & Co, Meritor Wabco Vehicle Control Systems, Nisshinbo Industries Inc., Robert Bosch GmbH, TRW Automotive, Valeo SA and F.C.C. Co. Ltd, among others.
The report titled "Automotive Brakes and Clutches: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides detailed analyses and coverage of the US, Canada, Europe (including France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, Latin America, and Rest of World markets. The report highlights major issues and trends, market challenges, and competition in the automotive brakes and clutches market. Key product segments analyzed include Brakes (Foundation Brakes, Electronic Brake Systems (Anti-Lock Brake Systems (ABS), Electronic Stability Control (ESC)), and Brake by Wire) and Clutches.
For more details about this research report, please visit http://www.strategyr.com/Automotive_Brakes_And_Clutches_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com
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