Brake System Market Report 2025

The brake system market size has grown strongly in recent years. It will grow from $31.23 billion in 2024 to $33.21 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to automotive industry growth, consumer awareness and safety concerns, increasing vehicle fleet, innovation in brake materials, government initiatives for road safety, adoption of disc brakes, increased vehicle weight and performance.

The brake system market size is expected to see strong growth in the next few years. It will grow to $43.32 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to regulatory push for advanced safety, emergence of energy recovery systems, research and development investments, market competition and product differentiation, global supply chain challenges. Major trends in the forecast period include electrification and regenerative braking, advanced driver assistance systems (ADAS), brake-by-wire technology, lightweight materials and design, integration of electronic stability control (esc), digitalization and connectivity.

The rising number of road accidents is expected to drive the growth of the brake system market. Car accidents, or car collisions, involve crashes between vehicles or with stationary objects. The installation of advanced braking systems in vehicles by manufacturers helps prevent accidents and reduce fatalities. These braking systems play a crucial role in minimizing accidents and saving lives. For example, in January 2024, the Road Safety Authority, an Ireland-based state agency, reported a 19% increase in road fatalities in 2023 compared to 2022. There were 184 deaths from 173 fatal collisions in 2023, up from 155 deaths in 149 collisions the previous year, marking an increase of 29 fatalities. Consequently, the rising incidence of road accidents is boosting the demand for brake systems.

The increasing demand in the automotive industry is expected to be a key driver for the growth of the brake system market. Essential for vehicle safety, control, and performance, brake systems contribute to a smooth and secure driving experience. The global production of motor vehicles reached 85.4 million units in 2022, marking a substantial increase of 5.7% compared to the previous year. Moreover, the automobile sector achieved approximately 78 million unit sales in 2022, representing a significant 10% increase. The growth in the automotive industry underscores the importance of brake systems, driving market expansion.

Technological innovations are emerging as key trends in the brake system market. Major companies in the sector are introducing new technologies to maintain their competitive edge. For example, in July 2022, Orbis Brakes, a US-based brake manufacturing company, collaborated with NASA, the US-based National Aeronautics and Space Administration, to launch new periodic brake systems utilizing aerodynamics technology. This innovative technology produces brakes that are 50% lighter than standard cast-iron brakes, significantly reducing the energy required for manufacturing and cutting carbon emissions across the supply chain. This new brake is a superlight disc brake rotor paired with a pad, expected to be priced significantly lower than comparable high-performance brakes. Additionally, it is designed as an environmentally friendly, high-performance replacement brake.

Major companies in the brake system market are increasingly focusing on innovative products, such as electric brake systems, to improve vehicle safety, efficiency, and sustainability. An electric brake system utilizes electronic controls and actuators instead of traditional hydraulic systems. For example, in November 2023, ZF Friedrichshafen AG, a Germany-based manufacturing company, launched its first purely electro-mechanical brake system. This groundbreaking development signifies a major advancement in automotive braking technology, eliminating traditional hydraulic components in favor of an electronic solution. Primarily designed for electric and autonomous vehicles, the system seamlessly integrates with other electronic vehicle systems, offering faster response times, reduced maintenance, and enhanced safety. By relying solely on electronic signals rather than hydraulic pressure, the brake system can react more accurately and efficiently, representing a critical advancement in the future of mobility.

In August 2024, Vance Street Capital, a US-based private equity firm specializing in manufacturing and engineering, acquired Aviation Products Systems (APS) for an undisclosed amount. This acquisition is intended to strengthen Vance Street's general aviation portfolio by incorporating proprietary PMA wheel and brake components into Victor Sierra Aviation Holdings, thereby supporting its growth strategy in the aviation aftermarket segment. Aviation Products Systems (APS) is a US-based manufacturer of replacement wheel and brake parts specifically designed for general aviation aircraft.

Major companies operating in the brake system market are Aisin Corporation, Brembo S.p.A., Continental AG, Haldex Brake Products Corp., Hitachi Automotive Systems Pvt. Ltd., Knorr-Bremse AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Nissin Kogyo Co. Ltd., TE Connectivity Ltd., KSR International Inc., Batz S. Coop., ADVICS Co. ltd., Bwi Automotive Technologies Private Limited, AUDI AG, BMW AG, Hyundai Motor Company, Toyota Kirloskar Motor Private Limited, Akebono Brake Industry Co. Ltd., Disc Brakes Australia, Aptiv PLC, Federal-Mogul Holding Co., Hella Pagid GmbH, Performance Friction Corporation Brakes, TVS Brake Linings Co., Mando Corporation, Autoliv Inc., Denso Corporation, Freeman Automotive UK Ltd., Hawk Corp.

North America was the largest region in the brake system market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brake system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the brake system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A brake system is a crucial component in vehicles, allowing them to decelerate or come to a stop according to the driver's needs.

The brake system market encompasses various products such as disc brakes, drum brakes, and hydrostatic brakes. Disc brakes, commonly found in passenger cars, involve brake pads attached to brake calipers that grip rotating brake rotors to halt or slow down wheels. Friction arises as the brake pads press against the rotors, converting kinetic energy into thermal energy. Diverse technologies, including antilock braking systems (ABS), electronic stability control (ESC), traction stability control (TCS), and electronic brakeforce distribution (EBD), are applied in vehicles like passenger cars, light commercial vehicles (LCV), and trucks. End-users span the automotive, construction equipment, agricultural equipment, and industrial truck sectors.

The brake system market report is one of a series of new reports that provides brake system statistics, including brake system industry, regional shares, competitors with a brake system market share, detailed brake system market segments, market trends and opportunities, and any further data you may need to thrive in the brake system industry. This brake system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The brake system market consists of sales of the brake pedal, master cylinder, brake calipers, brake shoes, brake disc, brake rotor, and brake drum. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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