A modular brake system, such as is used in electronic braking system (EBS) and anti-lock brake system (ABS) that allows for exchangeability of the various brake parts including the modulator, actuator and brake assembly. Modular brake system upgrades a common braking system with electronic braking system (EBS) and anti-lock brake system (ABS). The braking system consists of numerous brake parts such as modulator, actuator, and brake assembly. EBS provides better traction control to the vehicle suppose when the brake pedal is pressed EBS sends signals to each wheel individually to distribute the brake intensity differently to each wheel as required during the situation.
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Top Impacting Factors
- Rise in production of passenger & commercial vehicle, rise in demand for better safety in vehicles, and increase in government rules & regulations for vehicle safety is expected to drive growth of the market.
- However, high maintenance cost and installation cost can hamper growth of the market.
- Moreover, rise in demand for automobile around the world, rise in technological advancement in automobiles, and ability to achieve higher automobile speed act as an opportunity for growth of the market.
Rise in demand for better safety in vehicles
According to Safe International Road Travel (ASIRT) nearly 1.35 million people die in road crashes each year and on an average 3,700 people lose their lives every day on roads. In addition, 20-50 million people suffer non-fatal injuries which results in log-term disabilities. Furthermore, more than 38,000 people die every year in crashes on U.S. roadways with a traffic fatality rate of 12.4 deaths per 100,000 inhabitants. Thus, automobile companies are focusing on production of safety features which is expected to drive growth of modular brake system market.
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Key Benefits of the Report:
- This study presents the analytical depiction of the modular brake system market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the modular brake system market.
- The current market is quantitatively analyzed to highlight the modular brake system market growth scenario.
- The report provides detailed modular brake system market analysis based on competitive intensity and how the competition will take shape in coming years.
Major Key Players
WABCO,
Knorr-Bremse,
Parker Hannifin,
Hilliard Corporation,
SAE International,
Twiflex Limited,
MICO Inc.,
Mando Corporation,
BorgWarner Inc.,
Robert Bosch GmbH
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