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Global Automotive Brake Master Cylinder Market 2021: By Product Type (Single-cylinder, Ported Tandem Cylinder, Portless Master Cylinder, Two-wheelers), By Sales Channel (Aftermarket, OEM), By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)Global Automotive Brake Master Cylinder Market is the title of an upcoming market research report by Trusted Business Insights. Critical factors have been analyzed and studied in depth to present vital data and information in a well-planned format in this report. In addition to the revenue shares of each segment, region, and country, revenue growth driving factors, restraints, as well as opportunities in untapped regions and economies are included. The company profiles of key players comprise detailed information, recent developments, strategies, acquisitions & mergers, etc. The global automotive brake master cylinder market is segmented by product type, vehicle type, sales channel, as well as regions and countries.
OverviewThe automotive brake master cylinder houses brake fluid that is used to transpose hydraulic pressure to the rest of the brake system which controls two individual subsystems, these are jointly activated by the brake pedal. The two individual subsystems may be supplied by separate fluid reservoirs or a common reservoir. This is done to allow one subsystem to function properly in the event of a significant leak in the other system.
DynamicsDrivers: Flourishing automotive industries in regions across the globe is a major factor that is contributing to the growth of the global automotive brake master cylinder market. The introduction of tandem master cylinders is another significant development in the automotive industry. These brake cylinders consist of more than one piston that helps in providing an additional surface area to apply pressure on, thereby, raising the load capacity. Such innovations are significantly contributing to the growth of the automotive brake master cylinder market. The demand for lightweight materials to manufacture brake master cylinders is steadily gaining traction which is resulting in increased adoption as they do not contribute to additional vehicle weight. This, in turn, helps in increasing efficiency and enhancing the performance of the vehicle. Furthermore, manufacturers are developing automotive brake master cylinders, which involves the coating of cast iron or steel with a chrome 6-free ‘silver finish to increase its lifespan. Such innovations are significantly contributing to the growth of the automotive brake master cylinder market. Restraints: Factors such as high-cost of repair and maintenance as well as the reduced performance of brake master cylinders once remanufactured are expected to restrain market growth over the coming years. In addition, the frequent use of master cylinders may lead to wearing out of seals with internal leaks resulting in spongy/mushy pedal action. Factors such as these are expected to further restrain this markets revenue growth.
Segment AnalysisBy Product Type: The portless segment is projected to account for the majority revenue share when compared to other segments over the next 10 years. By Sales Channel: The aftermarket segment is expected to account for the majority revenue share due to the availability of products that are similar to the original equipment in terms of quality, which enables easy, quick-fitting as well as like-for-like replacement confidence. By Vehicle Type: The passenger vehicle segment is expected to account for the majorirty revenue share over the coming years.
Regional Analysis:The Asia Pacific market is expected to account for the majorty revenue share in the foreseeable future. The demand for two-wheelers and four-wheelers is gaining traction in countries such as China, South Korea as well as India, which is expected to provide growth opportunities for this market in the region. Markets in Europe and North America are projected to register significant growth over the coming years due to the growing popularity of passenger cars. The market in Latin America is expected to account for a moderate rate of growth due to the declining demand for two-wheelers in this region. The Middle East & Africa markets are projected to register expeditious growth due to the increasing implementation of advanced four-wheeler technologies in the region. The markets in countries such as Qatar, the UAE, and Saudi Arabia are major revenue contributors in the region.
Below are the leading companies profiled in this Automotive Brake Master Cylinder Market Report:
Chapter 1 Methodology and Scope