The report incorporates the study of the global automotive brake system market that focuses on technologies of brake system for different sales channels. Various technologies of automotive brake system are antilock braking system (ABS), traction control system (TCS), electronic stability control (ESC), and electronic brake-force distribution (EBD). Anti-lock braking system is mainly used to assist vehicles for safe braking and easy maneuvering in emergency situations. ABS hold a great potential in changing the safety of vehicles thus, making them safer and more comfortable. It is designed to be useful whenever a driver slams on brakes, particularly when road conditions are slippery or wet. These automotive brake system technologies help to avoid skidding or slipping of vehicle when sudden brakes are applied.
The automotive brakes system market is anticipated to witness significant growth during the forecast period, owing to rise in demand for safety features in automobiles and stringent government mandates for vehicle safety.
The global automotive brake system market is segmented on the basis of type, technology, sales channel, and region. By type, it is divided into disc and drum. By technology, it is bifurcated into antilock braking system (ABS), traction control system (TCS), electronic stability control (ESC), and electronic brake-force distribution (EBD). By sales channel, it is classified into passenger vehicle, commercial vehicle, and electric vehicle. On the basis of sales channel, it is bifurcated into OEM and aftermarket. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA..
The key players analyzed in the automotive brakes system market include Aisin Seiki Co., Ltd., Autoliv Inc., Continental AG, Delphi Technologies, Denso Corporation, Nissin Kogyo Co., Ltd, Robert Bosch GmbH, WABCO, ZF Friedrichshafen AG, and others.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Type
By Technology
By Vehicle Type
By Sales Channel
By Region
The automotive brakes system market is anticipated to witness significant growth during the forecast period, owing to rise in demand for safety features in automobiles and stringent government mandates for vehicle safety.
The global automotive brake system market is segmented on the basis of type, technology, sales channel, and region. By type, it is divided into disc and drum. By technology, it is bifurcated into antilock braking system (ABS), traction control system (TCS), electronic stability control (ESC), and electronic brake-force distribution (EBD). By sales channel, it is classified into passenger vehicle, commercial vehicle, and electric vehicle. On the basis of sales channel, it is bifurcated into OEM and aftermarket. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA..
The key players analyzed in the automotive brakes system market include Aisin Seiki Co., Ltd., Autoliv Inc., Continental AG, Delphi Technologies, Denso Corporation, Nissin Kogyo Co., Ltd, Robert Bosch GmbH, WABCO, ZF Friedrichshafen AG, and others.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global automotive brakes system market along with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Type
- Disc
- Drum
By Technology
- Antilock Braking System (ABS)
- Traction Control System (TCS)
- Electronic Stability Control (ESC)
- Electronic Brake Force Distribution (EBD)
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Electric vehicle
By Sales Channel
- OEM
- Aftermarket
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AUTOMOTIVE BRAKE SYSTEM MARKET, BY TYPE
CHAPTER 5: AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY
CHAPTER 6: AUTOMOTIVE BRAKE SYSTEM MARKET, BY SALES CHANNEL
CHAPTER 7: AUTOMOTIVE BRAKE SYSTEM MARKET, BY SALES CHANNEL
CHAPTER 8: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION
CHAPTER 9: COMPANY PROFILES
Executive Summary
According to the report titled, 'Automotive Brake System Market by Type, Technology, Vehicle Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global automotive brake system market size was valued at $22.03 billion in 2018, and is projected to reach $38.48 billion by 2026, registering a CAGR of 7.5% from 2019 to 2026.Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the Asia-Pacific automotive brake system market share in 2018, and is anticipated to maintain its lead during the market forecast.
Rise in demand for safety features in automobiles, technological advancements in safety features, and stringent government mandates for vehicle safety are the factors that significantly impact the market growth. However, according to the automotive brake system market analysis, high installation and maintenance costs restrain the growth of the market. In addition, development of advanced braking systems for two wheelers and expansion in untapped markets of developing countries possess remarkable growth opportunities for the global market players.
Expansion in the untapped market of developing countries like India, Indonesia, and Brazil can bring further opportunities to the players in the automotive brake system market. According to India Today Magazine, in India, over 147,913 people were killed in road accidents in 2017 alone, which made it mandatory for the Indian government to implement safety measures for vehicles. Safety systems like anti-lock braking system (ABS) and electronic stability control (ESC) are in urgent demand in these countries, owing to growing accident rate. India and Indonesia have the highest number of two wheelers in the world after China. These regions offer potential growth opportunities for market players for innovations in automotive brake system for automobiles.
The automotive brake system market was anticipated to grow significantly in this region due to continuous development in technologies and adoption of anti-lock braking system by the market. Introduction of new technologies has reduced loss of lives and rate of fatalities due to road accidents. It can record and track the performance of drivers. The addition of electronic stability control system and combined braking system is expected to pave way for automotive brakes system in North America. North America is a mature market, where almost every vehicle launched in the market is fitted with an ABS. This is due to the growth inlaws and regulations concerning vehicle safety by legislations and growing public demand for safety features like ABS and ESC resulting in growth of automotive brake system. The automotive brake system market in North America is growing, as it is a mature market and due to strict regulations implemented by government for equipping ABS system in all vehicles. Anti-lock braking system for commercial vehicles have greater penetration in this region, owing to growth in number of light commercial vehicles in the region and is expected to remain the market leader in the future.
Europe is one of the major contributors in the automotive brake system market, owing to factors such as high demand for safer driving vehicles. With the regulations made by the European Union for the implementation of anti-lock braking system in vehicles, the anti-lock braking system is expected to gain prominence in Europe due to stringent government regulations in many countries of the region. Moreover, vehicle safety and driver comfort have piqued the interest of automotive manufacturers in Europe. Europe is expected to grow during the forecast period because of prevalent automotive safety protocols across the region. The European Union Parliament has voted in favor of mandatory installation of ABS for the bikes above 125cc from 2016. In addition, organizations like the IIHS and NHTSA have mandated use of ABS in the aftermarket from 2014. Further, the passenger car ABS segment is more popular in this region, owing to high population density.
According to Lalit Katare& Anvay Sonpimple, Research Analyst, Automotive and Transportation “By type, the drumsegment dominated the global automotive brake system market in 2018, in terms of revenue. In addition, by technology, the antilock braking system (ABS) segment is expected to exhibit lucrative growth rate during the forecast period. Presently, by region, Asia-Pacific is the highest revenue contributor, and is expected to garner highest revenue in the global market during the forecast period, followed by Europe, North America, and LAMEA.”
KEY FINDINGS OF THE STUDY
- By type, the drum segment is anticipated to grow at a lucrative growth rate.
- By technology, the traction control system (TCS)segment was the highest revenue contributor in 2018.
- By region, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period of automotive brake system industry.
- By region, Asia-Pacific contributed highest market revenue in 2018, and is anticipated to maintain its lead during the automotive brake system market forecast period.
The key players analyzed in this report are Aisin Seiki Co., Ltd., Autoliv Inc., Continental AG, Delphi Technologies, Denso Corporation, Nissin Kogyo Co., Ltd, Robert Bosch GmbH, WABCO, ZF Friedrichshafen AG, and others.
Companies Mentioned
- Aisin Seiki Co. Ltd.
- Autoliv Inc.
- Continental AG
- Delphi Technologies
- Denso Corporation
- Nissin Kogyo Co. Ltd
- Robert Bosch GmbH
- WABCO
- ZF Friedrichshafen AG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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