The Latin America, Middle East and Africa Brake System Market would witness market growth of 7.6% CAGR during the forecast period (2022-2028).
A braking rotor is physically affixed to the wheel makes up disc brakes. The brake pads on either side of the rotor are squeezed by hydraulic pressure from the master cylinder acting on a caliper, which is located slightly outside the rotor and holds the brake pads. The car slows down and comes to a stop as a result of friction between the pads and the rotor. Drum brakes work by mounting a braking drum inside the wheel.
Two brake shoes are pressed on the braking drum by hydraulic pressure as the brake pedal contracts. As a result of the friction, the car slows down and comes to a stop. Auxiliary Brakes Parking brakes and emergency brakes are two types of secondary braking systems that operate separately from the service brakes. Almost all emergency brakes are powered by wires that mechanically apply pressure to the wheels. This is despite the fact that there are numerous distinct types of brakes available in the market.
They can also be utilized in emergency situations if the stationary brakes fail. They are typically employed to keep a vehicle still while it is parked. On the majority of current cars, anti-lock brake systems (ABS) are standard. ABS prevents the wheels from locking up when the stationary brakes are abruptly applied, keeping the tires from skidding. When traveling on slick, rainy roads, this capability comes in especially handy.
More than 70 car models have been examined throughout Latin America as part of the New Car Assessment Program for Latin America and the Caribbean (Latin NCAP). The program was started by World Health Organization and it aims to increase vehicle safety in these regions. New Car Assessment Programs (NCAP) evaluate new cars for crashworthiness and assign them a score that reflects their performance. The goal of NCAPs is to increase consumer awareness and demand for safer cars while also increasing the supply of safer vehicles.
The Brazil market dominated the LAMEA Brake System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $676.8 million by 2028. The Argentina market is experiencing a CAGR of 8.1% during (2022 - 2028). Additionally, The UAE market is exhibiting a CAGR of 7.3% during (2022 - 2028).
Based on Technology, the market is segmented into Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS) and Electronic Brakeforce Distribution (EBD) & Others. Based on Actuation, the market is segmented into Hydraulic and Pneumatic. Based on Brake Type, the market is segmented into Disc and Drum. Based on Vehicle Type, the market is segmented into Passenger Car, Light-commercial Vehicles (LCV), Truck and Bus. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Brake System Market is Predict to reach $29 Billion by 2028, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Knorr-Bremse AG, Brembo S.p.A., Continental AG, Hitachi, Ltd. (Hitachi Astemo, Ltd.), Denso Corporation, ZF Friedrichshafen AG, Aisin Corporation, Haldex AB and Mando Corporation (Halla Group).
By Technology
By Actuation
By Brake Type
By Vehicle Type
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
