DUBLIN–(COMMERCIAL WIRE)–The report “European Automotive Backing Plates Market Forecast to 2028: COVID-19 Impact and Regional Analysis by Brake Types, Brake Material Type, and Vehicle Type” has been added to ResearchAndMarkets.com offering.
The Europe Automotive Backing Plate market is expected to reach US$183.57 million by 2028 from US$138.91 million in 2021. It is estimated to grow at a CAGR of 4.1% between 2021 and 2028.
When a driver hastily applies the brakes to a moving car, the wheels are likely to seize due to the sudden braking force and skid across the road. Even if the driver acts quickly, the car will lose control. The Anti-Braking System (ABS) prevents the wheels from locking up and instead applies intermittent braking power to allow the wheels to spin slightly. This significantly improves the car’s braking efficiency and allows the driver to steer the vehicle away from any obstacles while braking hard.
Electronic Brake-force Distribution (EBD) ensures that braking force is distributed to the wheels according to road conditions and the needs of the driver. Speed sensors are used to detect the speed of the wheels and the car. The data is transmitted to the ECU, continuously comparing the 2 numbers. When it detects a skid caused by wheel speeds greater than the car’s speed, it transmits the instruction to apply a slight braking force to the slipping wheel. This function determines which wheel requires more braking force and delivers it to that wheel independently. These characteristics are leading to substantial growth in the European market for rear license plates for automobiles. The regional market is expected to grow at a good CAGR during the forecast period.
Europe Automotive Backing Plate Market Segmentation
The European Automotive Backing Plate Market is segmented into Brake Types, Brake Material Type, Vehicle Type, and Country. Based on the types of brakes, the European automotive backing plate market is divided into disc brakes and drum brakes. In 2020, the drum brake segment had a higher market share. Based on the type of brake material, the market is segmented into aluminum, iron, and others. In 2020, the others segment had the largest market share.
Based on the type of vehicle, the market is classified into passenger cars, light commercial vehicles and heavy commercial vehicles. In 2020, the passenger car segment held the largest market share.
Based on the country, the Europe Automotive Support Plate market is fragmented into Germany, France, Italy, UK, Russia, and the rest of Europe. The Rest of Europe contributed a substantial part in 2020.
Strict active safety regulations in the automotive industry
Improved vehicle safety with ABS and EBD
High development and maintenance costs
Regenerative braking to create lucrative opportunities in the EV ecosystem
Increasing demand for automatic braking systems in vehicles
Key Topics Covered:
2. Key takeaways
3. Research methodology
4. European Automotive Backing Plate Market Landscape
5. Europe Automotive Backing Plate Market – Key Industry Dynamics
6. Automotive Backing Plate Market – Europe Analysis
7. Europe Automotive Backing Plates Market Revenue and Forecast to 2028 – Brake Types
8. Europe Automotive Backing Plates Market Revenue and Forecast to 2028 – Brake Material Type
9. Europe Automotive Backing Plates Market Revenue and Forecast to 2028 – Vehicle Type
10. Europe Automotive Backing Plate Market – Country Analysis
11. Industry Overview
12. Company profiles
MAT Foundry Group Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/coy31z