Global Automotive Vacuumless Braking Market 2024-2028
The automotive vacuumless braking market is forecasted to grow by USD 3.08 bn during 2023-2028, accelerating at a CAGR of 7.73% during the forecast period. The report on the automotive vacuumless braking market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in demand for environmentally sustainable solutions, rising demand for heavy-duty vehicles in India and Eastern Europe, and a growing need for mandatory safety solutions for heavy-duty vehicles.
Technavio's automotive vacuumless braking market is segmented as below:
- By Application
- Passenger vehicle
- Commercial vehicle
- By End-user
- OEM
- Aftermarket
- By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the integration of vacuumless braking systems with adas as one of the prime reasons driving the automotive vacuumless braking market growth during the next few years. Also, the increasing adoption of electric and hybrid vehicles and advanced materials and manufacturing techniques for vacuumless braking systems will lead to sizable demand in the market.
The report on the automotive vacuumless braking market covers the following areas:
- Automotive vacuumless braking market sizing
- Automotive vacuumless braking market forecast
- Automotive vacuumless braking market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive vacuumless braking market vendors that include Aptiv Plc, BorgWarner Inc., Brembo Spa, Continental AG, Cummins Inc., GUD Holdings Ltd., Haldex AB, Hitachi Ltd., Knorr Bremse AG, LSP Innovative Automotive Systems GmbH, Nabtesco Corp., Performance Friction Corp., Robert Bosch GmbH, TSE Brakes Inc., Westinghouse Air Brake Technologies Corp., and ZF Off Highway Solutions Minnesota Inc. Also, the automotive vacuumless braking market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.