Industry Background:
A modular brake system, such as used in Anti-lock Braking System (ABS) and Electronic Braking System (EBS) which allows for exchangeability of the numerous brake parts comprising the modulator, actuator and brake assembly; the modulator being detachably connectable and located adjacent to or directly on the actuator. An Electronic Control Unit (ECU) further controls the brake system and is provided with redundant control line inputs. The control line inputs, both primary and back-up, are delivered as electrical lines extending from the control device to the controller.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | WABCO (Belgium), Knorr-Bremse (Germany), Continental AG (Germany), Parker Hannifin (United States), Hilliard Corporation (United States), SAE International (United States), Twiflex Limited (United States), MICO, Inc. (United States), Warner Electric (United States) and EMG Automation GmbH (Germany) |
This growth is primarily driven by Increase in Production Volume of Passenger and Commercial Vehicles Worldwide and Growing Demand of Automobiles around the World.
Globally, a noticeable market trend is evident Technological Developments in Modular Brake System Major Vendors, such as WABCO (Belgium), Knorr-Bremse (Germany), Continental AG (Germany), Parker Hannifin (United States), Hilliard Corporation (United States), SAE International (United States), Twiflex Limited (United States), MICO, Inc. (United States), Warner Electric (United States) and EMG Automation GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On March 28, 2019 – WABCO Holdings Inc., a leading global supplier of technologies and services which improve the safety, efficiency and connectivity of commercial vehicles, announced that it has entered into a definitive merger agreement with ZF Friedrichshafen AG, a privately held global leader in driveline and chassis technologies.
Modular Brake System Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increase in Production Volume of Passenger and Commercial Vehicles Worldwide
- Growing Demand of Automobiles around the World
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Influencing Trends | - Technological Developments in Modular Brake System
|
Restraints | - High Cost of Modular Brake System
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Gaps & Opportunities | - Upsurging Technological Advancement for Quality Improvisation
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Modular Brake System Market
- Analysis about New Entrants in Modular Brake System Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Modular Brake System Study Sheds Light on
The Modular Brake System Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Modular Brake System industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Modular Brake System industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.