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Automotive Wheel Cylinder Market Segmented By product type such as Wheel Cylinder with Integrated Pressure Regulator and Wheel Cylinder without Integrated Pressure Regulator with Sales channel in Original Equipment Manufacturer (OEM) and Aftermarket
Automotive wheel cylinder is a constituent of a hydraulic drum-brake system. The automotive wheel cylinders are positioned in each wheels top end. It performs a vital function of bringing the shoes in to contact by exerting a force on the shoes and stops the vehicle. An automotive wheel cylinder is typically connected to the shoes with small bird-beak shaped rods.
Furthermore, automotive wheel cylinder consist of two pistons located in each side of the cylinder. Each of the piston is connected to a brake shoe with a shaft and has a rubber seal on it. In the past the automotive wheel cylinder were made of cast iron. However, the cast iron is more prone to rusting, so the market was taken over by aluminum automotive wheel cylinders.
Moreover, there are two types of automotive wheel cylinders are available in the market including, wheel cylinder with integrated pressure regulator and without integrated pressure regulator. The automotive wheel cylinder is an essential part of a drum brake and needed to be replaced after a certain time period to maintain sufficient performance of brakes.
Automotive wheel cylinder are easy to replace and inexpensive, owing to which there are significant growth opportunities for aftermarket component providers in the global automotive wheel cylinder market. However, growing popularity of disc brakes in the vehicles may retrain the growth of the global automotive wheel cylinder market in the forthcoming years.
The automotive industry is growing at decent pace across the globe, supported by the hastening global economy. The rising production and sales of vehicles expected to create significant demand for automotive parts and component in the market. The growing automotive production is projected to lay a strong base for the growth of automotive wheel cylinder market over the forecast period.
Additionally, the automotive wheel cylinder are inexpensive and easy to replace which is expected to create significant growth opportunities for the aftermarket component manufacturers in the global automotive wheel cylinder market over the forecast period.
However, growing installations of disk brakes in automotive is expected to restrain the growth of drum brakes market. This is anticipated to hinder the market growth of automotive wheel cylinder over the forecast period.
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Asia Pacific region is expected to be the most lucrative region in the market of automotive wheel cylinder owing to growing automotive industry in the region. Emerging economies in the region such as, China, India, etc. are projected to witness significant growth in the automotive wheel cylinder market owing to rising production and sales of automotive vehicles and growing number of automotive manufacturers in the countries.
The rising demand for brake components in the North America region is expected to push the growth of automotive wheel cylinder in the regional market.
Europe is expected to have promising growth in the automotive wheel cylinder market owing to expanding automotive industry in the region. Middle East & Africa and Latin America regions are anticipated to register decent growth in the automotive wheel cylinder market over the forecast period.
Some of the market participants in the global automotive wheel cylinder market are:
The research report presents a comprehensive assessment of the automotive wheel cylinder market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to automotive wheel cylinder market segments such as geographies, application, and industry.
The automotive wheel cylinder market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on automotive wheel cylinder market segments and geographies.