Brake fluid is a type of hydraulic fluid used in hydraulic brake and hydraulic clutch applications in automotive, motorcycles, light trucks, Agriculture Vehicles, off highway, motorsport, etc. It is used to transfer force into pressure, and to amplify braking force.
Brake fluid is widely used in automotive OEM, automotive aftermarket and other field. The most proportion of brake fluid is automotive aftermarket, and the sales proportion in 2016 is about 54%.
Market competition is intense. BP, Exxon Mobil, Total, Fuchs, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
According to this study, over the next five years the Brake Fluid market will register a 3.9% CAGR in terms of revenue, the global market size will reach USD 2070 million by 2024, from USD 1650 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Brake Fluid business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Brake Fluid market by product type, application, key manufacturers and key regions and countries.
This study considers the Brake Fluid value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
DOT 3
DOT 4
DOT 5
DOT 5.1
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive OEM
Automotive Aftermarket
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
BP
Exxon Mobil
Total
Fuchs
CCI
BASF
Chevron
Dow
Repsol
Valvoline
Bendix
Sinopec Lubricant
Morris
CNPC
Bosch
DATEX
HKS
Granville
Gulf
Motul
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Brake Fluid consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Brake Fluid market by identifying its various subsegments.
Focuses on the key global Brake Fluid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Brake Fluid with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Brake Fluid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
