Press release
Automotive Brake Valve Market Will Expand Due to Development of New Technologies | Continental AG, Delphi Automotive, Hitachi Ltd., Denso Corporation, Master Power Brakes
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Key Drivers
There are several key drivers of the automotive brake valve market. First, brake valves are essential components of a vehicle's braking system, and as such, their demand is directly tied to the production of vehicles. Secondly, the aftermarket for brake valves is significant, as many vehicles require replacement or upgrading of their brake valves over the course of their lifetime. Finally, the development of new technologies, such as electric and hybrid vehicles, is also driving demand for brake valves, as these vehicles require different types of brake valves than traditional gasoline-powered vehicles.
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Market Segments
The automotive brake valves market report is bifurcated on the basis of product type, vehicle type, material type, sales channel, and region. On the basis of product type, it is segmented into combination valves, quick release valves, metering valves, and others. Based on vehicle type, it is analyzed across compact cars, mid-sized, LCVs, and others. By material type, it is categorized into steel, copper, brass, and others. By sales channel, it is divided into OEM and aftermarket. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Players
The automotive brake valves market report includes players such as Continental AG, Delphi Automotive, Hitachi Ltd., Denso Corporation, Master Power Brakes, Parker Hannifin Corp., Mico Inc., Knorr-Bremse AG, Poclain, and Wabtec Corp.
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