LONDON, Dec. 15, 2016 /PRNewswire/ --
A comprehensive research report titled "Global Brakes (Disc Brakes, Drum Brakes) Market - (By Type, By Region, By Country): Trends, Opportunities and Forecasts (2016-2021)" created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, presents the analysis of the global brake market and has been segmented By Type (Disc and Drum); By Region (North America, Europe, APAC, ROW) and By Country (U.S., Canada, Mexico, UK, Germany, China, India).
Market for brakes is growing steadily on account of the rising number of vehicles in the world, which is caused by the advancements in the vehicle braking system, and is gaining prominence among emerging nations. Rising popularity of electric vehicles among the population along with the growing focus on safety has led to the growth of brake market.
Among the segments, market is expected to be driven by Disc Brakes on account of the technological improvement leading to higher adoption among the customers.
While developed regions will continue to dominate the market in terms of revenue, emerging nations are expected to respond to the market optimistically due to the developing technological advancements, leading to increase in use of disc brakes.
Global Brake Market is forecasted to grow at a CAGR of 4.66% during 2016 – 2021F, on account of rising demand of vehicles. APAC region remains the major market among all the regions. In the forecast period, APAC region will witness strong growth driven by the countries such as India and China.
According to Azoth Analytics research report, Global Brakes (Disc Brakes, Drum Brakes) Market - (By Type, By Region, By Country): Trends, Opportunities and Forecasts (2016-2021), global brakes market is projected to exhibit a CAGR of over ~4.66% during 2016 - 2021.
Scope of the Report
The report provides Segmentation by Type
The report provides coverage by Region
- North America
- Asia Pacific
The report provides coverage by Country
Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.
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