Southeast Asia Break and Suspension Market Size By Brake Type Technology(ABS, ESC, EPB, TCS, EBD) And Forecast

Report ID: 322246|No. of Pages: 202

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Southeast Asia Break and Suspension Market Size By Brake Type Technology(ABS, ESC, EPB, TCS, EBD) And Forecast

Report ID: 322246|Published Date: Mar 2024|No. of Pages: 202|Base Year for Estimate: 2022|Format:   Report available in PDF formatReport available in Excel Format

Southeast Asia Break and Suspension Market Size And Forecast

Southeast Asia Break and Suspension Market size was valued at USD 1,319.18 Million in 2022 and is projected to reach USD 2,683.91 Million by 2030, at a CAGR of 8.23% from 2023 to 2030.

The growth of ABS technology is due to aggressive efforts by several automakers to mandate the use of ABS in critical areas. Similarly, electronic stability control technology is becoming more prevalent due to the perceived benefits of regaining vehicle control in an emergency. The Southeast Asia Break and Suspension Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Southeast Asia Break and Suspension Market Size And Forecast

What is Break and Suspension?

One of the most crucial parts of a vehicle is the brakes. A master cylinder, brake pedal, brake shoes, brake calipers, brake drum, brake disc, brake rotor, brake lining, and hoses are just a few of the parts that make up the brake system. The Braking System is a collection of various mechanical linkages and parts that uses heat energy instead of kinetic energy to accelerate the vehicle. The frictional force created between the brake shoes and the rotating drum of the braking system causes this conversion of kinetic energy into heat energy. The combination of brakes and sensors in the automotive braking system prevents accidents.

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Southeast Asia Break and Suspension Market Overview

Anti-lock braking system (ABS), Electronic stability control (ESC), Electric Park Brakes, Traction Control System, and Electronic Brakeforce Distribution (EBD) are the major technologies of brake systems. Among them, Anti-lock braking system (ABS) accounts for the largest share in the Southeast Asia Market. Moreover, the growth of ABS technology is due to aggressive efforts by several automakers to mandate the use of ABS in critical areas. Similarly, electronic stability control technology is becoming more prevalent due to the perceived benefits of regaining vehicle control in an emergency.

The main purpose of the Suspension System is to reduce the motion of the vehicle body with respect to the disturbance caused by the road. The conventional suspension system in road vehicle use passive elements such as dampers and springs to suppress the vibrations caused by irregularities in the road. The Advance Suspension System works to provide comfort to the people and driver in the vehicle.

The job of suspension is to get the vehicle always in contact with the road and perfect control to the driver when a sudden crack appears on the road. The force that the vehicle gets from driving on the road is absorbed by the suspension, the suspension includes springs, air tire, shock absorber, and chassis panel to connect the vehicle to its wheels. The spring holds the energy and Damper to convert the energy into heat to protect the vehicle itself from damage. The active suspension comes under a suspension system. The suspension system allows the vehicle to get the best ride quality. Active Suspension prevents dynamic while alignment and maintains premature tire wire.

Southeast Asia Break and Suspension Market: Segmentation Analysis

The Southeast Asia Break and Suspension Market is segmented on the basis of Brake Type Technology.

Southeast Asia Break and Suspension Market by Brake Type Technology

  • ABS
  • ESC
  • EPB
  • TCS
  • EBD

Based on Brake Type Technology, ABS accounted for the largest market share in 2022, and is projected to grow at a CAGR of 4.28% during the forecast period. The anti-lock braking system (ABS) is a standard car safety system. It keeps the driver safe by preventing the wheels from locking when using the brakes. It also helps control the steering, and the vehicle won’t skid because the wheels lock up. Additionally, a warning light will illuminate the dashboard if there is a problem with the ABS. This light should be taken seriously as it is an early warning sign that the ABS needs to be checked.

The ways of checking the safety of the ABS are the ABS performs a self-test each time the vehicle is powered on. The brake pedal will act differently when ABS is engaged. That pulsating adrenaline doesn’t cause notice to feel in a dangerous situation. It’s the ABS trying to ensure the mechanical system does not lock up. Anti-lock braking systems, or ABS, are an essential safety feature standard on all modern cars. ABS is often touted as a system that can help reduce accidents significantly. Moreover, the growth of ABS technology is due to aggressive efforts by several automakers to mandate the use of ABS in critical areas. Similarly, electronic stability control technology is becoming more prevalent due to the perceived benefits of regaining vehicle control in an emergency. Hence, it is expected to boost the segment’s growth during the forecast period. For instance, in March 2022, Continental announced that its Gurgaon plant had achieved production of 5 million Electronic Braking Systems (EBS). The EBS portfolio includes Electronic Stability Control (ESC) and Antilock Braking Systems (ABS) for passenger cars and motorcycles. Its target is to ow raise the annual EBS production capacity by 25% over three years.

Key Players

The “Southeast Asia Break and Suspension Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Robert Bosch, AKEBONO BRAKE INDUSTRY CO., LTD., Hitachi, Ltd., Knorr-Bremse AG, Continental AG, ZF Friedrichshafen AG, and ADVICS CO., LTD.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Robert Bosch, AKEBONO BRAKE INDUSTRY CO., LTD., Hitachi, Ltd., Knorr-Bremse AG, Continental AG, ZF Friedrichshafen AG, and ADVICS CO., LTD.

SEGMENTS COVERED

By Brake Type Technology.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

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Frequently Asked Questions

Southeast Asia Break and Suspension Market was valued at USD 1,319.18 Million in 2022 and is projected to reach USD 2,683.91 Million by 2030, at a CAGR of 8.23% from 2023 to 2030.

The growth of ABS technology is due to aggressive efforts by several automakers to mandate the use of ABS in critical areas

Robert Bosch, AKEBONO BRAKE INDUSTRY CO., LTD., Hitachi, Ltd., Knorr-Bremse AG, Continental AG, ZF Friedrichshafen AG, and ADVICS CO., LTD.

The Southeast Asia Break and Suspension Market is segmented on the basis of Brake Type Technology.

The sample report for the Southeast Asia Break and Suspension Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
1 INTRODUCTION 1.1MARKET DEFINITION 1.3RESEARCH TIMELINES 1.4ASSUMPTIONS 1.5LIMITATIONS 2RESEARCH METHODOLOGY 2.1DATA MINING 2.3SECONDARY RESEARCH 2.4PRIMARY RESEARCH 2.5SUBJECT MATTER EXPERT ADVICE 2.6QUALITY CHECK 2.7FINAL REVIEW 2.8DATA TRIANGULATION 2.9BOTTOM-UP APPROACH 2.1TOP-DOWN APPROACH 2.11RESEARCH FLOW 3MARKET, BY BRAKE TYPE TECHNOLOGY 3.1OVERVIEW 3.2ABS 3.3ESC 3.4EPB (MOTOR ON CALIPER & CABLE PULLER) 3.5TCS 3.6EBD 4MARKET SHARE, BY BRAKE SUPPLIERS 5MARKET SHARE, BY SUSPENSION SUPPLIERS LIST OF TABLES TABLE 1SOUTHEAST ASIA BRAKE AND SUSPENSION SYSTEM MARKET, BY BRAKE TYPE TECHNOLOGY, 2023-2030 (USD MILLION) TABLE 2SOUTHEAST ASIA BRAKE AND SUSPENSION SYSTEM MARKET, BY EPB, 2023-2030 (USD MILLION) TABLE 3SOUTHEAST ASIA BRAKE AND SUSPENSION SYSTEM MARKET, BY BRAKE TYPE TECHNOLOGY, 2023-2030 (MILLION UNITS) TABLE 4SOUTHEAST ASIA BRAKE AND SUSPENSION SYSTEM MARKET, BY EPB, 2023-2030 (MILLION UNITS) TABLE 5SOUTHEAST ASIA BRAKE AND SUSPENSION SYSTEM MARKET, BY BRAKE COMPONENTS, 2023-2030 (MILLION UNITS) TABLE 6SOUTHEAST ASIA BRAKE AND SUSPENSION SYSTEM MARKET, BY BRAKE COMPONENTS, 2023-2030 (MILLION UNITS) LIST OF FIGURES FIGURE 1RESEARCH TIMELINES FIGURE 2DATA TRIANGULATION FIGURE 3MARKET RESEARCH FLOW FIGURE 4SOUTHEAST ASIA BRAKE AND SUSPENSION SYSTEM MARKET, BY BRAKE TYPE TECHNOLOGY FIGURE 5MARKET SHARE, BY BRAKE SUPPLIERS FIGURE 6HEAT MAP ANALYSIS, BY BRAKE TYPE TECHNOLOGY FIGURE 7MARKET SHARE, BY SUSPENSION SUPPLIERS

Report Research Methodology

Research methodology

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Exploratory data mining

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expert data mining

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Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.

Data Collection Matrix

PerspectivePrimary ResearchSecondary Research
Supplier side
  • Fabricators
  • Technology purveyors and wholesalers
  • Competitor company’s business reports and newsletters
  • Government publications and websites
  • Independent investigations
  • Economic and demographic specifics
Demand side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customer

Econometrics and data visualization model

data visualiztion model

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All the research models are customized to the prerequisites shared by the global clients.

The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.

Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.

Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.

Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:

  • Market drivers and restraints, along with their current and expected impact
  • Raw material scenario and supply v/s price trends
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We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.

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The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.

primary validation

Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:

  • Established market players
  • Raw data suppliers
  • Network participants such as distributors
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The aims of doing primary research are:

  • Verifying the collected data in terms of accuracy and reliability.
  • To understand the ongoing market trends and to foresee the future market growth patterns.

Industry Analysis Matrix

Qualitative analysisQuantitative analysis
  • Global industry landscape and trends
  • Market momentum and key issues
  • Technology landscape
  • Market’s emerging opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2027
  • Market revenue estimates and forecasts up to 2027, by technology
  • Market revenue estimates and forecasts up to 2027, by application
  • Market revenue estimates and forecasts up to 2027, by type
  • Market revenue estimates and forecasts up to 2027, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Southeast Asia Break and Suspension Market

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