AUTOMOTIVE BRAKE SYSTEM MARKET ANALYSIS

Regional Analysis

Global Automotive Brake System Market: Regional Insights

The global automotive brake system market is geographically divided into North America, Latin America, Asia Pacific, Europe, Middle East and Africa.

North America among regions is expected to dominate the global automotive brake system market during the forecast period. This can be attributed to increasing production of commercial and passenger vehicles in the United States, increase in environmental concerns, low gas prices and strong economy. For instance, according to Coherent Market Insights, the vehicle production in the U.S. reached 11.31 million units, while the vehicle sales of the country reached 17.82 million units in 2018.

Moreover, Asia Pacific is also anticipated to witness substantial growth in the global automotive brake system market over the forecast period. The growth of this region attributed to rise in disposable income, growth in economy in countries such as India and China, increasing demand for vehicles, and rise in demand for safety features due to growing cases of road accidents in the region. Moreover, along with this increasing sales of vehicles in the region is also supporting the market growth.

The global automotive brake system market is geographically divided into the following regions:

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa