India Automotive Brake System Market | Revenue, Value, COVID-19 IMPACT, Companies, Share, Size, Growth, Analysis, Forecast, Industry & Trends

India Automotive Brake System Market Synopsis

The automotive brake system market in India is projected to grow at a CAGR of 5.9% during the forecast period from 2023to 2029. The increasing demand for vehicles, rising safety concerns among consumers and growing production of vehicles are expected to drive growth in the India automotive brake system industry over the forecast period

Market Drivers

The primary drivers for the growth of this market include government regulations regarding vehicle safety standards, increased demand for automobiles due to economic expansion, technological advancements in braking systems and increased competition among OEMs as well as aftermarket suppliers. The government regulations have been necessitated by an increase in road accidents which can be attributed largely to poor braking performance or faults with brakes. This has prompted manufacturers and regulators alike to focus on improving overall braking performance while ensuring compliance with vehicle safety standards such as Euro VI norms applicable across EU countries including India. In addition, improved design features associated with modern day automobile brakes such as anti-lock brakingsystem (ABS), electronic stability control (ESC) etc., are also driving up sales volumes leading to higher revenues within the sector globally including India.

Challenges of the Market

Some key challenges faced by players involved in this segment include low penetration rate of ABS/ESC systems owing primarilyto cost constraints; high investments required towards research & development activities; and lack of infrastructure pertaining toparts availability & service networks across rural areas limiting adoption rates particularly amongst commercial vehicles owners/operators etcetera.

Key Players in the Market

Some prominent players operating within the India Automotive Brake System industryinclude Akebono Brake Corporation, Aisin Seiki Co., Ltd., Brembo SPA, Delphi Automotive PLC , Federal Mogul Corporation , Robert Bosch GmbH , Continental AG , Mando Corp., Nissin Kogyo Co., Ltd., Tenneco Inc.; Tokai Rika Co., Ltd.; etc

Key Highlights of the Report:

• India Automotive Brake System Market Outlook
• Market Size of India Automotive Brake System Market, 2023
• Forecast of India Automotive Brake System Market, 2030
• Historical Data and Forecast of India Automotive Brake System Revenues & Volume for the Period 2020-2030
• India Automotive Brake System Market Trend Evolution
• India Automotive Brake System Market Drivers and Challenges
• India Automotive Brake System Price Trends
• India Automotive Brake System Porter's Five Forces
• India Automotive Brake System Industry Life Cycle
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By Disc Brake for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By Drum Brake for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By Vehicle Type for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By Passenger Cars for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By Commercial Vehicles for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By Technology for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By ABS for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By TCS for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By ESC for the Period 2020-2030
• Historical Data and Forecast of India Automotive Brake System Market Revenues & Volume By EBD for the Period 2020-2030
• India Automotive Brake System Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Vehicle Type
• Market Opportunity Assessment By Technology
• India Automotive Brake System Top Companies Market Share
• India Automotive Brake System Competitive Benchmarking By Technical and Operational Parameters
• India Automotive Brake System Company Profiles
• India Automotive Brake System Key Strategic Recommendations