APAC dominates auto brake manufacturing industry

The global automotive brake manufacturing  industry, which grew moderately over the last five years, is expected to grow somewhat more consistently with a CAGR of 4% over the next five years through 2017, according to Research and Markets. The Asia Pacific (APAC) region dominates the industry in terms of market share. The industry is anticipated to reach global revenue of about US$24 billion in 2017, driven by worldwide growth in the production of passenger cars and commercial vehicles.

The global automotive brake manufacturing industry is dominated by the five leading companies: Aisin Seiki Co. Ltd, Akebono Brake Industry Co. Ltd, TRW Automotive, Nissin Kogyo Co.Ltd., and Honeywell. These five players control 68% of the global market in automotive brake manufacturing.

Continuous modernisation and technological expansion, high investment in research and development, government policies, and safety regulations all are anticipated to affect industry dynamics significantly. The APAC region drove the overall industry over the last five years.It is expected to continue that trend through 2017, primarily due to the strong performance of manufacturers across the global platform, as well as because of their operational execution and R&D competitiveness.

The highly consolidated industry is engaged in the manufacturing of brake pads,brake disks, brake drums,and brake shoes.

As the study outlines, there are several  emerging trends in the industry, including brake by wire, brake assist, and collision mitigation braking systems, among other technological developments.