Regular vehicle maintenance is crucial for ensuring the safety of your vehicle and preventing accidents caused by mechanical failure. Neglecting vehicle maintenance can put you and your passengers in danger, and it is essential to check and change the oil regularly to prevent engine damage and failure. Tires are also a vital component of vehicle safety, and regular maintenance checks, including checking air pressure and rotating tires, can improve tire performance and prevent accidents. Worn-out tires can be dangerous and may cause accidents on the road.
Brake Maintenance: A Key Aspect of Vehicle Safety
Proper brake maintenance, including checking brake pads and having brakes inspected by a mechanic, can prevent accidents caused by brake failure. Regular brake maintenance can save lives on the road. The Global Automotive Brake System Market is expected to be worth around USD 60.6 Billion by 2032, growing at a CAGR of 5.1% during the forecast period from 2022 to 2032. This growth is driven by increasing demand for passenger and commercial vehicles in countries like China and India, as well as the adoption of luxury cars, stringent safety regulations, and the increasing use of disc brakes in commercial vehicles.
LV= General Insurance Reports a Rise in Lack of Vehicle Maintenance
LV= General Insurance reports a rise in the lack of maintenance of vehicles, with the number of call-outs where vehicles did not have an MOT increasing by 78% in January 2023 compared to March 2022. LV=’s network of repair garages has seen a sharp rise in a lack of maintenance, including worn tires, ADAS not being calibrated correctly or checked, warning lights on dashboards, chipped or cracked windscreens, and wear to brake pads. Motorists are ignoring warnings of faults that could lead to an increase in accidents and risk danger to others on the roads.
ADAS Features and the Importance of Regular Maintenance
ADAS features play a significant role in the safety of vehicles, and LV= advises that MOTs remain an annual requirement. LV= GI’s tips to keep vehicles safe and roadworthy include sorting a windscreen chip out early, having your steering checked, getting cars serviced regularly, having your car inspected by a professional if you hear any unusual sounds, and replacing headlights and brake lights as soon as they stop working.
Automotive Brake System Market Growth and Factors Affecting It
Factors affecting the growth of the Automotive Brake System Market include growing demand for automotive safety features and improvements in technology for safety features. The disc brake segment dominated the market in 2022 due to its ability to function in adverse weather conditions without overheating or fading. The passenger cars segment accounted for the largest revenue share in the Automotive Brake System Market in 2022, while the antilock brake system (ABS) segment dominated the largest market share in technology analysis. The OEMs segment dominates the largest market share in the sales channels, and Asia-Pacific dominated the market with the highest revenue share of 34% in 2022.
