+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Automotive Brake System Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)

  • ID: 4515636
  • Report
  • April 2021
  • Region: Global
  • 130 pages
  • Mordor Intelligence

FEATURED COMPANIES

  • Advics Co. Ltd
  • Akebono Brake Industry Co
  • Aptiv PLC (Delphi)
  • Brembo SpA
  • Continental AG
  • Federal-Mogul Holding Co.
The Automotive Brake System Market was valued at USD 28.81 billion in 2020 and is expected to reach a value of USD 35.71 billion by 2026 registering a CAGR of 3.57% during the forecast period (2021- 2026).

The short-term impact of COVID-19 in the automotive sector has led to the shutting down of assembly plants, manufacturing interruptions, and ceased export of Chinese components in the face of the lockdown situation across the world.This resulted in significant drop of vehicle sales in early 2020 fueled by oil price fluctuations and economic slowdown in various regions.

Despite the significant impact of the novel coronavirus on the automotive industry, rise in online sale of vehicles and new product launches to show positive signs of growth in long run. some of the other factors driving the market are growing awareness about the safe and smooth drive-in wake of increasing road accidents, advanced technology reducing weight and friction generated in vehicles coupled with R&D activities by major players.

Asia Pacific is the major key player in the market followed by Europe and Asia Pacific region. Asia Pacific is the highest growing market in terms of highest growth rate. Japan and South Korea are expected to contribute significantly to the growth in terms of revenue in the global anti-lock system due to safety norms and firm government regulations. Due to increase in the number of serious accidents and increased fleet, China is expected to emerge as one of the major regions that are expected to contribute to the growth of this business.

Key Market Trends

Increased Research Activities To Improve Safety Features

Automobile companies are constantly producing new and enhanced products for the comfortable and safe driving of vehicles. Products such as antilock braking system, electronic stability control, and anti-collision devices are frequently developed by players to produce safer and better vehicles. For instance,
  • Continental AG developed a third generation of the antilock braking system (ABS), which responds to the speeding of vehicles along with providing safer, controllable, and optimum brake performance while driving.
  • Bosch launched an antilock braking system for e-Bikes, which prevents locking up of the front wheel, along with controlling the lifting of the rear wheel of these bikes.
  • In addition, antilock braking systems are now available with electronic stability control (ESC) to prevent skidding thus, bringing vehicles under control. Therefore, technological advancements in vehicle safety features are a potential driver in the growth of the automotive brake system market.
Asia-Pacific Expected To Witness The Highest Growth

The Asia Pacific region continues to dominate the market and the manufacturers in this region offer high-cost reduction, owing to the availability of low-cost labor and raw materials. Furthermore, the region comprises countries, such as China and India, which accounted for approximately 34% of the total vehicle production. Increasing popularity of active braking systems, to boost in sales of luxury and premium vehicles.

The companies are primarily focused on developing eco-friendly, reliable, and robust braking systems. The key players have made heavy investments in the field of research & development for increasing their market share and ensuring healthy growth. For instance, Continental North America, a business unit of Continental AG operating in the U.S., invested approximately USD 40 million to expand the Morganton automobile plant. The company has also received a job development incentive grant of USD 1.6 million from The State of North Carolina. The added production capacity would be utilized for manufacturing the MK C1 braking systems.

Moreover, the rising number of accidents in India has led to an increase in safety features, especially in the mid-level vehicles. In order to minimize such incidents, the Indian government has made it mandatory for all automobile companies to install anti-lock braking systems in their vehicles by April 2019. 2-wheeler models such as Hero Karizma, Bajaj V15 and car models such as Hyundai Eon, Honda Brio, Fiat Punto, Tata Bolt, etc. were discontinued due to lack of ABS and stringent government emission and safety norms.

Competitive Landscape

The Automotive Brake System Market is fragmented with various players existing in the market. Advics Co. Ltd is the leading player in the market. The market is driven by the vehicle production trend, aftermarket replacement rate, and acquisition activities among the key players. Other players in the market include Akebono Brake Industry Co., Brembo SPA, Continental AG, ZF TRW CO., etc.For Instance ,
  • New wheel concept by Continental is designed to assist electric vehicles in regenerative braking by increasing comfort and reducing cost of ownership.
  • In November 2019, NRS Brakes Company launched galvanized brake pads product line. These galvanized brake pads provide rust protection to all the brake parts including calipers and rotors.
  • Nissan motor’s Electric Driven Intelligent Brake (EDIB) produces adequate braking force and helps in regenerative braking using motor that converts kinetic energy into electrical energy while deceleration.
Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Advics Co. Ltd
  • Akebono Brake Industry Co
  • Aptiv PLC (Delphi)
  • Brembo SpA
  • Continental AG
  • Federal-Mogul Holding Co.
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Driver
4.2 Market Restraint
4.3 Industry Attractiveness-Porter's five Force Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Disc Brakes
5.1.2 Drum Brakes
5.2 By Brake Pad Material Type
5.2.1 Organic
5.2.2 Metallic
5.2.3 Ceramic
5.3 By Sales Channel
5.3.1 Orginal Equipment Manufacturers(OEMS)
5.3.2 AfterMarket
5.4 By Vehicle Type
5.4.1 Commercial Vehicles
5.4.2 Passenger vehicles
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.1.4 Rest of North America
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Spain
5.5.2.5 Russia
5.5.2.6 Rest of Europe
5.5.3 Asia Pacific
5.5.3.1 China
5.5.3.2 India
5.5.3.3 Japan
5.5.3.4 South Korea
5.5.3.5 Rest of Asia-Pacific
5.5.4 Rest of the World
5.5.4.1 Brazil
5.5.4.2 South Africa
5.5.4.3 Other Countries

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Akebono Brake Industry Co
6.2.2 Brembo SpA
6.2.3 Robert Bosch GmbH
6.2.4 Continental AG
6.2.5 Disc Brakes Australia (DBA)
6.2.6 Aptiv PLC (Delphi)
6.2.7 Federal-Mogul Holding Co.
6.2.8 Hella Pagid GmbH
6.2.9 Performance Friction Corporation (PFC) Brakes
6.2.10 TVS brake linings Co
6.2.11 ZF TRW Co.
6.2.12 Advics Co. Ltd
6.2.13 Hitachi Automotive Systems

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown

Loading
LOADING...

  • Akebono Brake Industry Co
  • Brembo SpA
  • Robert Bosch GmbH
  • Continental AG
  • Disc Brakes Australia (DBA)
  • Aptiv PLC (Delphi)
  • Federal-Mogul Holding Co.
  • Hella Pagid GmbH
  • Performance Friction Corporation (PFC) Brakes
  • TVS brake linings Co
  • ZF TRW Co.
  • Advics Co. Ltd
  • Hitachi Automotive Systems
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll