The global automotive brake system market size reached US$ 49.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 73.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2023-2032.
An automotive brake system is a mechanical control device designed to restrain the motion of vehicles and ensure the safety of passengers. It comprises various components, including a brake pedal, disc, shoes, rotor, pads, drum, calipers, fluid lines, hoses, and master cylinder. It helps slow down or stop the motion of an automobile by absorbing energy from a moving system, usually by friction between two surfaces. Besides this, it also assists drivers in the stable parking of a vehicle either on a flat surface or slope.
2. What is the expected growth rate of the global automotive brake system market during 2024-2032?
3. What are the key factors driving the global automotive brake system market?
4. What has been the impact of COVID-19 on the global automotive brake system market?
5. What is the breakup of the global automotive brake system market based on the type?
6. What is the breakup of the global automotive brake system market based on the component?
7. What is the breakup of the global automotive brake system market based on technology?
8. What is the breakup of the global automotive brake system market based on the vehicle type?
9. What are the key regions in the global automotive brake system market?
10. Who are the key players/companies in the global automotive brake system market?
An automotive brake system is a mechanical control device designed to restrain the motion of vehicles and ensure the safety of passengers. It comprises various components, including a brake pedal, disc, shoes, rotor, pads, drum, calipers, fluid lines, hoses, and master cylinder. It helps slow down or stop the motion of an automobile by absorbing energy from a moving system, usually by friction between two surfaces. Besides this, it also assists drivers in the stable parking of a vehicle either on a flat surface or slope.
Automotive Brake System Market Trends:
The growing global population is resulting in the increasing sales of passenger and commercial vehicles. This represents one of the key factors strengthening the growth of the market. In addition, rising occurrences of road accidents across the globe are catalyzing the demand for automotive brake systems. The rising concerns among individuals about road traffic collisions and fatalities are also compelling automotive manufacturers to incorporate robust safety systems in vehicles, which is impelling the market growth. Apart from this, stringent regulations imposed by governments and regulatory organizations of various countries to control road accidents are creating a positive outlook for the market. Furthermore, various technological innovations, such as anti-lock braking systems (ABS) and regenerative braking, is supporting the market growth. These advanced braking systems assist drivers in having maximum control and shorter stopping distances on slippery surfaces that aid in reducing the chances of vehicle collisions. Additionally, the new car assessment program (NCAP) to promote the usage of electronic brake systems is driving the market. Moreover, the increasing adoption of electric cars and the growing production of autonomous vehicles are expected to propel market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global automotive brake system market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, component, technology, vehicle type and sales channel.Breakup by Type:
- Disc Brakes
- Drum Brakes
Breakup by Component:
- Master Cylinder
- Brake Pad
- Calipers
- Disc
- Vacuum Servo Brake
- Brake Drums
- Others
Breakup by Technology:
- Anti-Lock Braking System (ABS)
- Traction Control System (TCS)
- Electronic Stability Control (ESC)
- Electronic Brake Force Distribution (EBD)
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by Sales Channel:
- Original Equipment Manufacturers (OEMs)
- Aftermarket
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Aisin Corporation, Akebono Brake Industry Co. Ltd., BorgWarner Inc., Brembo S.p.A., Continental AG, Haldex AB, HELLA GmbH & Co. KGaA (Faurecia SE), Hitachi Ltd., Hyundai Mobis Co. Ltd. (Hyundai Motor Group), Knorr-Bremse AG, Performance Friction Corporation, Robert Bosch GmbH and ZF Friedrichshafen AG.
Key Questions Answered in This Report
1. What was the size of the global automotive brake system market in 2023?2. What is the expected growth rate of the global automotive brake system market during 2024-2032?
3. What are the key factors driving the global automotive brake system market?
4. What has been the impact of COVID-19 on the global automotive brake system market?
5. What is the breakup of the global automotive brake system market based on the type?
6. What is the breakup of the global automotive brake system market based on the component?
7. What is the breakup of the global automotive brake system market based on technology?
8. What is the breakup of the global automotive brake system market based on the vehicle type?
9. What are the key regions in the global automotive brake system market?
10. Who are the key players/companies in the global automotive brake system market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Automotive Brake System Market
6 Market Breakup by Type
7 Market Breakup by Component
8 Market Breakup by Technology
9 Market Breakup by Vehicle Type
10 Market Breakup by Sales Channel
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aisin Corporation
- Akebono Brake Industry Co. Ltd.
- BorgWarner Inc.
- Brembo S.p.A.
- Continental AG
- Haldex AB
- HELLA GmbH & Co. KGaA (Faurecia SE)
- Hitachi Ltd.
- Hyundai Mobis Co. Ltd. (Hyundai Motor Group)
- Knorr-Bremse AG
- Performance Friction Corporation
- Robert Bosch GmbH and ZF Friedrichshafen AG
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 138 |
Published | March 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( US$ | US$ 49.3 Billion |
Forecasted Market Value ( US$ | US$ 73.9 Billion |
Compound Annual Growth Rate | 4.6% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |