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Automotive Aftermarket for Brake Components Market Insights on Current Scope 2029

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Automotive Aftermarket for Brake Components market. The Automotive Aftermarket for Brake Components report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment alongwith its sub-segment is analyzed in terms of value and volume. Further, the Automotive Aftermarket for Brake Components report elaborates the market behavior of each vendor operating in the Automotive Aftermarket for Brake Components market.

The Automotive Aftermarket for Brake Components report considers the following years to present the overall market growth:

  • History Year:?2014 – 2018
  • Base Year:?2018
  • Estimated Year:?2019
  • Forecast Year:?2019 – 2029

Key findings of the Automotive Aftermarket for Brake Components market study:

  • Regional breakdown of the Automotive Aftermarket for Brake Components market based on predefined taxonomy.
  • Innovative manufacturing processes implemented by Automotive Aftermarket for Brake Components vendors in detail.
  • Region-wise and country-wise fragmentation of the Automotive Aftermarket for Brake Components market to grasp the revenue, and growth outlook in these areas.
  • Changing preferences among consumers across various regions and countries.
  • Factors (Positive and Negative) impacting the growth of the global Automotive Aftermarket for Brake Components market.

Global Automotive Aftermarket for Brake Components Market Segmentation

Automotive aftermarket for brake components market can be segmented on the basis of vehicle type, by product type and sales channel. On the basis of vehicle type, brake components can be segmented into passenger vehicle and commercial vehicles. On the basis of product type, brake components can be segmented into brake pads, brake rotors, brake discs, brake drums, brake hoses and brake caliper. On the basis of sales channel, brake components can be segmented into OES and IAM. Geographically, the global market for the brake components market can be segmented into seven regions, namely North America, Latin America, Europe, CIS & Russia, APEJ, Japan, and MEA.

 

On the basis of region, the Automotive Aftermarket for Brake Components market study contains:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Key players analyzed in the Automotive Aftermarket for Brake Components market study:

  • Akebono Brake Industry
  • Brake Parts Inc. LLC.
  • Brembo S.p.A.
  • CARDONE Industries
  • Continental AG
  • APC Automotive Technologies
  • ZF Friedrichshafen AG
  • Federal-Mogul Motorparts LLC.
  • MAT Holding, Inc.
  • Power Stop LLC.

Queries addressed in the Automotive Aftermarket for Brake Components market report:

  • How has the global Automotive Aftermarket for Brake Components market grown over the historic period of?2014-2018?
  • Why are the Automotive Aftermarket for Brake Components market players targeting region for increased product sales?
  • What patented technologies are the players utilizing in the global Automotive Aftermarket for Brake Components market?
  • Which regions are displaying the fastest growth in the Automotive Aftermarket for Brake Components market?
  • What are the underlying micro- macroeconomic factors affecting the global Automotive Aftermarket for Brake Components market?

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Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients’ requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.

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How Bad Could It Get? Companies Gauge the Coronavirus Impact

As the coronavirus outbreak spreads, the world’s biggest companies have begun painting a bleak picture of broken supply chains, disrupted manufacturing, empty stores and flagging demand for their wares.

The announcements by businesses like Mastercard, Microsoft, Apple and United Airlines offer a reading on how the virus is affecting consumer behavior and business sentiment. These corporate bulletins — and what executives do in response — could determine how much?economic damage?the outbreak inflicts and whether a recession looms.

Some companies have expressed optimism that governments will curb new infections and that consumer?spending in Europe?and North America will be largely unscathed. But if executives see a threat beyond the first three months of the year, they may pare planned investments and even start laying off workers. That, in turn, would further dampen economic activity.

The stock-market plunge this week, the steepest since the financial crisis, suggests that investors are bracing for a lot more bad news.

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“Everything is slowing down even more — and that has not been fully appreciated,” said Michael O’Rourke, chief market strategist at JonesTrading.

The?correction in the S&P 500?stock index — a decline of 10 percent or more from a recent peak — was its fastest ever. In the midst of the sell-off, analysts at Goldman Sachs said they expected that the companies making up the S&P 500 would collectively show no profit growth this year. The bank had previously forecast a 6 percent increase in earnings.

A major vulnerability for businesses in the United States and Europe is their increasing reliance on China as a supplier and customer over the last 10 or 20 years.

ImageMicrosoft cut its sales forecast for a division that makes laptops and tablets after the outbreak hampered production.
Credit…Jeenah Moon for The New York Times

Since the Lunar New Year holiday in China a month ago, many workers have been homebound, disrupting factories that assemble electronics or make automotive parts. Microsoft?said this week?that the virus had hampered production of its laptop and tablet computers, and it cut its sales forecast for the division that makes those products, scrapping a projection it had issued just a few weeks earlier.

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The supply-chain problems have started to affect American homebuilders as well. A senior executive at Toll Brothers said the virus?appeared to have delayed?the supply of lighting parts.

At the same time, Chinese consumers are buying less. Apple said the closing of stores in China would depress sales of iPhones and other devices.

Mastercard?cut its growth forecast?in part because people are taking fewer international trips. Fear of the virus has prompted companies like Amazon and Nestlé to suspend international travel by some employees. That drop in demand, combined with their own concerns about the virus, has prompted United and other airlines in the United States and Europe to cancel flights to cities in China and elsewhere in Asia.

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On Friday, United said an investor briefing scheduled next week would be postponed until September. Citing concern over the virus, the airline said it “does not believe it is practical to expect that it can have a productive conversation focused on its long-term strategy.”

Companies may also struggle because investors are becoming more reluctant to lend them money. Appetite for new bonds, especially those issued by less-creditworthy businesses, has fallen off. Banks may also have to tighten lending standards. In a sign that investors believe the coronavirus concerns could hit banks hard, the stocks of the three largest U.S. banks — JPMorgan Chase, Citigroup and Bank of America — are all down by a lot more than the S&P 500 so far this year.

Of course, the coronavirus outbreak could end up resembling other brief shocks that have landed only glancing blows on companies and the stock market. These include the fiscal battles of the previous decade that consumed Washington and Wall Street for weeks at a time.

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And as recently as Friday, some companies were predicting that their sales would hold up just fine. Volkswagen, the German auto giant,?said it expected deliveries?this year to be “in line” with 2019. And Apple said conditions were gradually returning to normal in China. “It feels to me that China is getting the coronavirus under control,” Tim Cook, Apple’s chief executive?told Fox Business?on Thursday. “When you look at the parts that are done in China, we have reopened factories.”

Some Wall Street analysts have expressed optimism that the Federal Reserve and other central banks will cut interest rates to help offset the economic stress caused by the virus. Such cuts would help lower borrowing costs, giving consumers a fresh incentive to spend and businesses to invest.

Those hopes were buoyed when the Fed chair, Jerome H. Powell,?unexpectedly issued a statement?on Friday saying the central bank would “act as appropriate to support the economy.” Economists at Bank of America wrote on Friday that they expected the Fed to cut rates by half a percentage point at its March meeting “as a way to stem panic.”

Some companies are already talking about how much business will come their way when the outbreak begins to recede — including Las Vegas Sands, which has major interests in the?Chinese gambling haven of Macau.

Image

An executive at Las Vegas Sands, a casino operator in Macau, expects business to rebound when the outbreak subsides.
Credit…Vincent Yu/Associated Press

“When it does resolve, Macau’s going to be very, very, very busy,” Robert G. Goldstein, the company’s chief operating officer, said in an earnings call last month.

Some analysts appear to be banking on warmer spring weather to curb the virus’s spread. “Fear will subside as the weather warms up, hopefully,” said Barry Bannister, head of equity strategy at Stifel.

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For now, though, investors seem to be expecting things to get worse. After finishing down 0.8 percent on Friday, the S&P 500 lost about 11.5 percent of its value this week, its?worst one-week performance?since the financial crisis of 2008.

Some investors sit on the sidelines when they feel unequipped to assess financial risks.

A big concern is that the virus will spread quickly in Europe and the United States, forcing consumers to stay home from work, not to mention avoiding stores, restaurants or other businesses.

In that case, an economic contraction could become inevitable. Should a recession develop, the Goldman analysts said, profits of S&P 500 companies are likely to fall this year by 13 percent. Such a decline could force companies to lay off employees and put off new investment.

Even before the coronavirus outbreak, business investment was already pallid in the United States. It fell in the last three quarters of 2019. Some analysts now expect more companies could soon announce reductions in their capital spending. “I think you will see that when they report their Q1 numbers,” Mr. O’Rourke of JonesTrading said.

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A ‘Wartime Factory’ in Brooklyn Is Fighting Coronavirus

The old Navy Yard’s manufacturers, including printers and distillers, have pivoted to making urgently needed face shields and hand sanitizer.

During World War II, so many New Yorkers flocked to the Brooklyn Navy Yard to build warships that it was nicknamed the Can-Do Shipyard.

In recent years, it has become a hub of independently owned and innovative manufacturers that include artisanal distillers and industrial metal fabricators.

But with the coronavirus ravaging New York City, the old?Navy Yard?— one of few large manufacturing centers remaining in the city — is again pitching in during a national crisis as a hub for fighting the pandemic, producing desperately needed medical supplies, such as face shields, hand sanitizer and hospital gowns.

It has returned to “a wartime factory,” said Mayor Bill de Blasio as he toured a former shipbuilding hangar there on Thursday.

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This is what people had to do, in battles, in wars, all over this world when there weren’t going to be supplies coming from someplace else,” the mayor said. “They had to make their own. That’s what’s happening here in Brooklyn.”

That hangar had become an events space called the Duggal Greenhouse, part of Duggal Visual Solutions, a graphic display and printing company that typically makes printed glossy graphics for such brands as Estee Lauder and Coach

But with the greenhouse’s scheduled events canceled because of the coronavirus outbreak, the space has been repurposed as a factory for making disposable face shields. The operation includes more than 300 workers, many recently laid off from restaurant jobs or nonessential businesses that the state ordered to temporarily close.

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“This isn’t about making money. This is about helping put people back to work and helping front-line medical workers who are saving New Yorkers,” said Michael Bednark, whose custom fabrication company typically makes interior displays for restaurants and retailers including Heineken, Nike and Google.

Kings County Distillery, a small-batch whiskey and bourbon company, has begun distilling alcohol for hand sanitizer in partnership with EcoLogic Solutions, which makes green cleaning products, said David Ehrenberg, president of the Brooklyn Navy Yard Development Corporation.

“It’s the scale of the ecosystem here that makes this possible,” said Mr. Ehrenberg, who has been speaking with city leaders about pressing needs and how to overcome bureaucratic obstacles. “No one here could do it alone.”

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Because of the order for nonessential businesses to close, Mr. Bednark had shut his shop and laid off part of his work force of 120 employees. But with the desperate call for medical equipment, he and other manufacturers huddled with Mr. Ehrenberg.

“I said, ‘We’ve got to figure out something to do. I’m not going to go down with the ship,’” said Mr. Bednark, who pivoted to making shields, a new product for his company.

In a scramble over a couple of days, his prototype was approved by city health officials, who ordered a first batch of 120,000 shields.

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“We’re used to making quick products and making them very quickly with what’s available,” said Mr. Bednark, who procured plastic shields from a supplier in Long Island City, Queens, and elastic from a company in Manhattan’s garment district. A steady supplier in nearby Williamsburg came through with 360,000 foam strips with adhesive, as forehead cushions for the shields.

Mr. Bednark said he called many recently laid-off employees to come back on the job and hired an additional 150 workers. He teamed up with Mr. Duggal, who has 465 workers and plenty of production space at the yard.

Image

Workers who had been laid off have called back to work as the Navy Yard has become a makeshift factory for hospital supplies.?
Credit…Jonah Markowitz for The New York Times

Duggal had also trimmed its staff recently. But then it started rehiring workers who began working long shifts making the shields.

Machines that had recently made sleek display stands for prominent brands were repurposed to help make thousands of shields a day.

Duggal sterilized its 35,000-square-foot greenhouse space to house multiple assembly lines. Workers wear masks and gloves and observe social distancing.

Since the city put out a request to local manufacturers for masks, shields, gowns and ventilators, officials said they have had more than 1,000 proposals.

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Garment district companies offered to make hospital gowns and some manufacturers proposed improvised ways to make ventilators, said Carl Rodrigues, a city official appointed by the mayor to mobilize local manufacturing of supplies to fight the outbreak.

“New Yorkers have really stepped up to the plate and found a way to produce things we never thought we could produce in 36 hours,” Mr. Rodrigues said, adding that over the next three months, local manufacturers are aiming to make up to 1.5 million face shields.

Mr. de Blasio, in a radio interview on Friday, praised the Navy Yard efforts.

“This is something that wasn’t made in New York City, that now people are just taken upon themselves to go and create to protect other people,” he said. “So, even with this pain, New Yorkers are stepping up in ways that are, like, unimaginable.”

Mr. Bednark said 50,000 shields would be delivered to the city over the weekend and an additional 70,000 by next Tuesday.

“It’s amazing to see New Yorkers respond to a crisis, from Hurricane Sandy to 9/11,” Mr. Duggal said. “You see the best of people, the way they band together.”

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Global Trade Sputters, Leaving Too Much Here, Too Little There

WASHINGTON — Factories are idled. Workers are in lockdown. Goods are piling up at some ports, while elsewhere container ships sail empty. Dairy farmers are dumping their milk, while toilet paper aisles at the grocery store have been picked bare.

The spread of the coronavirus has disrupted global supply chains, leading to shortages and price increases that are cascading from factories to ports to retail stores to consumers. While factories in China have been slowly restarting as the country’s epidemic fades, many manufacturers in India, the United States and Europe are powering down, or running at partial capacity.

These disruptions in global trade could grow more noticeable in the months to come, as consumers hoard products and countries clamp down on exports of medical supplies and even food. Shoppers may see more shortages of unexpected products, including laptops, toilet paper and medicines. Some companies could find themselves lacking raw materials and components, a recipe for further financial trouble.

At the White House on Friday, President Trump said he was allocating at least $16 billion to American farmers, ranchers and agricultural producers to keep the American food supply stable.

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Why Can’t America Make Enough Masks or Ventilators?

The president has promoted himself as a champion of American manufacturing, but now he avoids addressing its shortcomings.

Hundreds of companies across the United States are reinventing themselves to make equipment that is desperately needed to treat the coronavirus. That so many American manufacturers are rising to meet this pandemic with little coordination from the federal government reveals a deep altruism in our national character.

It also reveals something else: Our country is unable to meet an immediate need for critical medical supplies and personal protective equipment in the face of a crisis. The absence of adequate domestic production capacity for things like face shields and respirators, coupled with the frailty of on-demand global supply chains and our utter reliance on them — for everything from the ingredients in our medications to parts?of breathing machines — has left us dangerously exposed during an international health emergency.

Mohawk Fine Papers?and its United Steelworkers employees are shifting to medical gown and mask production.?American Giantand other garment manufacturers are scaling up the production of medical-grade masks. Companies from?Budweiser?to?Ford?are churning out hand sanitizer and ventilators. These instances of private sector action are inspiring, but they won’t be enough.

Our policymaking is still behind the curve. President Trump is starting to selectively use the Defense Production Act, a law from the Korean War era that allows the president not only to order businesses to prioritize the manufacture of items deemed crucial to national security but also to subsidize them. This is something he should have done many weeks ago, and even still he’s mostly invoking it haphazardly with companies that draw his ire.

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That Face Shield Might Have Been Made in a Party Space

Last spring, Manhattan’s meatpacking district was hopping with stylish hotels, rooftop cocktail lounges, luxury boutiques, overpriced brunch spots and nightclubs with velvet ropes.

This spring, a refurbished loft with white-painted brick walls and a chef’s kitchen was supposed to be part of the scene. It would serve as a high-end showroom and co-working space by day and?an exclusive event venue by night.

That did not happen.

Instead, the 3,100-square-foot space, on the fourth floor of a building called Little Flatiron because of its resemblance to the?23rd Street landmark, reinvented itself as a factory for personal protective equipment, or P.P.E.

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We Need a More Resilient American Economy

Americans are a resilient people. We persevere through difficult circumstances and arrive triumphant on the other side of adversity. It’s in our national DNA.

Once again, Americans are rising to the challenge before us. Medical professionals are meeting the call of duty and tending to our sick at great personal risk. Grocery stores, takeout restaurants and pharmacies remain open as Americans show up for work to give the rest of us access to essential goods. Families are working to overcome the tremendous economic damage they face as a result of the coronavirus.

Though I believe resilience is one of the defining traits of an American, I also believe it’s been absent from our public policy for too long. And this has become devastatingly clear in the current crisis.

Over the past several decades, our nation’s political and economic leaders, Democratic and Republican, made choices about how to structure our society — choosing to prize economic efficiency over resiliency, financial gains over Main Street investment, individual enrichment over the common good.

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Tight-Knit Company Towns Reel as Coronavirus Rolls Through

As soon as she heard about a cluster of coronavirus cases at the Tyson pork processing plant on the edge of Columbus Junction, Iowa, Cindy Johnston felt a ripple effect through her small community along the Iowa River.

Ms. Johnston, who manages a Dairy Sweet burgers and ice cream shack, sent home four teenage employees because their parents work at the Tyson plant. Parents of other teenage workers were too afraid of potential infection to let their children report to work at Dairy Sweet. Then, she learned of the death of an employee at the Tyson plant; it was the father of a classmate of her son.

“I’ve lived in this community all my life, and I’ve never seen it so scared,” said Ms. Johnston, who is 52, nearly the same age as the father who died.

Across the country, some big cities on the coasts are starting to experience a leveling off of Covid-19 cases, but a staggering number of small Midwestern towns anchored by meatpacking plants and other factories are finding themselves as?new hot spots of the virus.

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Frantic for Coronavirus Gear, Americans in Need Turn to China’s Elite

HONG KONG — U.S. hospitals and state officials face desperate shortages of the masks, ventilators and other gear they need to fight the coronavirus. Chinese factories can make the equipment and sell it to them, but huge obstacles stand in the way — and Washington’s stumbles and growing hostility with Beijing aren’t helping.

Now some of?China’s elite — and others with big stakes in keeping the U.S.-China relationship alive — are stepping in to help.

An ad hoc network of companies, wealthy individuals, academics and former diplomats has emerged to help the United States get the Chinese-made goods it needs to save patients and protect front-line workers — and, perhaps, help polish China’s dented image along the way. They are trying to navigate snarled supply chains, connect wary buyers and sellers and help overwhelmed local officials in desperate need of equipment.

The group includes people like Jack Ma and Joseph Tsai, the co-founders of Alibaba, the Chinese e-commerce giant; Marc Benioff, a co-founder of Salesforce, who struck a pact with Alibaba last year to sell its services in China; and Yichen Zhang, the chairman of Citic Capital, a major Chinese investment firm affiliated with a state-run conglomerate.

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WHAT IS 5-AXIS MACHINING?

5-axis machining is an advanced cutting method that creates some of the highest quality parts. It runs with computer numerical control (CNC) technology.?While previously reserved for only the highest-budgeted manufacturers, 5-axis machining has come a long way and is now commonly available to the rest of the manufacturing world.

The 5-axis mills and machines are used heavily in aerospace applications and can cut even the most intricate of patterns.?They?can also offer efficiency improvements for products that may only need 3-axis machining. However you choose to use it, successful 5-axis machining can have significant benefits for your manufacturing operations.

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