Scope of the Study
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.
The market study is being classified by Type (Hydraulic Brake Systems and Disc Brake Systems), by Application (Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle) and major geographies with country level break-up.
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) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States and German Vendors will contribute to the maximum growth of Global Modular Brake System market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Modular Brake System market by Type, Application and Region.
On the basis of geography, the market of Modular Brake System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Modular Brake System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Production Volume of Passenger and Commercial Vehicles Worldwide
- Growing Demand of Automobiles around the World
- Technological Developments in Modular Brake System
- High Cost of Modular Brake System
- Upsurging Technological Advancement for Quality Improvisation
- Minimal Manufacturing Tolerance Might Maximize Manufacturing Overheads
Market Leaders and their expansionary development strategies
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.
Key Target AudienceManufacturers of Modular Brake System, Suppliers of Modular Brake System Parts, Automobile Industry, Governmental Bodies and Research Firms
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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