Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
The global automotive brake components market stood at $79.5 billion in 2018 and is projected to reach $117.4 billion by 2024, growing at a CAGR of over 6% during 2019-2024, on account of the surging demand for automobiles in developing as well as developed economies. Stringent government regulations and mandates with reference to vehicular safety norms, in addition to government initiatives in economies such as China and India aimed at boosting vehicle production, is driving the global automotive brake components market. The main objective of a brake system is to reduce the speed and stop the vehicle. Automotive braking components, such as brake caliper, brake shoe, brake line and brake pad, are responsible for producing the braking effect in vehicles. Regenerative braking, ABS and other technological advancements have gain popularity over the last decade.
The global automotive brake components market can be categorized based on vehicle type, product type and sales channel. Disc and drum are the two major brakes used in automobiles. In terms of product type, the market for automotive brake components can be segmented into brake caliper, brake shoe, brake line and brake pad. Floating calipers have high rigidness and rigid mounting, enhancing the performance of brakes. The disc brake segment is expected to grow at a significant rate due to high preference and the demand for passenger cars in which it is used. In terms of vehicle type, passenger cars are the preferred choice and the trend is likely to continue during the forecast period, on the back of high demand for SUVs and sedans.
Globally, the automotive brake components market is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe, South America and the Middle East & Africa. Asia-Pacific is anticipated to dominate the global automotive brake components market during the forecast period, owing to rising vehicle production in economies such as India and China.
Major players operating in the global automotive brake components market include ZF Friedrichshafen AG, Continental AG, Federal-Mogul Holdings LLC, Hitachi Automotive Systems, Ltd., Nisshinbo Holdings, Akebono Brake Corporation, Hitachi Automotive Systems, Ltd., etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2017, Continental AG developed an innovative brake design in which brake discs are mounted on component carrier star.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- To analyze and forecast the global automotive brake components market size.
- To classify and forecast the global automotive brake components market based on vehicle type, sales channel, product type and regional distribution.
- To identify drivers and challenges for the global automotive brake components market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global automotive brake components market.
- To conduct the pricing analysis for the global automotive brake components market.
- To identify and analyze the profile of leading players operating in the global automotive brake components market.
The author performed both primary as well as exhaustive secondary research for this study. Initially, the author sourced a list of manufacturers across the globe. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed manufacturers, distribution channels and presence of all major manufacturers across the globe.
The author calculated the global automotive brake components market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Automotive brake component manufacturers
- Original Equipment Manufacturers
- Research organizations and consulting companies
- Government bodies such as regulating authorities and policymakers
- Organizations, forums and alliances related to automotive brake components
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the global automotive brake components market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Medium & Heavy Commercial Vehicle (M&HCV)
Market, by Sales channel:
- OEM
- Replacement
Market, by Product Type:
- Brake Caliper
- Brake Shoe
- Brake Line
- Brake Pad
Market, by Region:
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
North America
- United States
- Mexico
- Canada
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Iran
- Morocco
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global automotive brake components market.
Available Customizations
With the given market data, the author offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
*Note - Custom Research License:
10% specific customization is available free of any additional cost, for both the single user and enterprise license, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.
The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Federal-Mogul Holdings LLC
- ZF Friedrichshafen AG
- Hitachi Automotive Systems, Ltd.
- Nisshinbo Holdings
- Akebono Brake Corporation
- Continental AG
- Robert Bosch GmbH
- Wabco Holdings Inc.
- Aisin Seiki Co. Ltd.
