Market Research Report Store Brake Systems Market by Type (Disc & Drum), Electr

"Brake Systems Market by Type (Disc & Drum), Electronic Brake System (ABS, TCS, ESC, & EBD), Off-Highway Vehicles (Construction & Agriculture), Vehicle Type (Passenger Car, Light & Heavy Commercial Vehicle), and Region – Global Forecast to 2021" published in June 2017. It is a professional and in-depth study. Summary Market Research Report Store announces a new report＂Brake Systems Market＂added to its database.The brake system market is projected to grow at a CAGR of 6.94% during the forecast period, to reach a market size of USD 31.94 billion by 2021. According to the U.S. National Highway Traffic Safety Administration (NHTSA), 32% crashes in 2013 were rear-ended crashes, where stopping distance mattered and more people were injured in rear-end crashes than any other type of crash. As a safety measure, regulations with reduced stopping distance have been introduced, which in turn are making brake manufacturers focus on developing brakes that meet the stopping distance regulation and enhance the performance of the brake systems in commercial vehicles. Detailed TOC Of Report @ https://www.marketresearchreportstore.com/shop/brake-systems-market-by-type-disc-drum-elec tronic-brake-system-abs-tcs-esc-ebd-off-highway-vehicles-construction-agriculture-vehicle-type- passenger-car-light-heavy-commercial-veh Ask a sample, click here [email protected] “Passenger cars is the fastest growing vehicle type in the brake system market” The passenger cars segment is estimated to dominate the brake system market. According to the Organization Internationale des Constructeurs d’Automobiles (OICA), the global new passenger car sales increased from 55.8 million units in 2010 to 69.4 million units in 2016. The increase in the number of passenger cars, combined with increasing adoption of disc brakes, makes passenger cars the fastest growing vehicle type in the brake system market. The rapid increase in the adoption of safety systems in passenger cars plays a significant role in the increasing demand for brake systems in passenger cars. The braking function, combined with other active and passive safety systems, assists a driver in avoiding crashes and protects passengers during accidents. “Electronic Stability Control is the largest segment of the braking technology market” Electronic Stability Control (ESC) is a computerized system that applies brakes to individual wheels and reduces engine power to ensure driver control over the vehicle. ESC is considered as one of the most important advancements in automotive safety. A research study conducted by the U.S. Insurance Institute for Highway Safety (IIHS) in 2006 concluded that ESC reduces the likelihood of crashes by 43%, fatal single vehicle crashes by 56%, and fatal single vehicle rollovers by 77%–80%. ESC has become a mandatory component for passenger cars in many parts of North America and Europe.