The automotive vacuumless braking market is poised to register a CAGR of over 5% during the forecast period (2020-2025).
- The main factors propelling the development in brake technology is the demand for weight reduction per wheel for improved efficiency and recovery and dissipation of heat through regenerative braking. The growth in autonomous vehicles that will need intensive smart use of brake and steering technology is expected to positively affect the market.
- The emergence of hybrid and electric drives over conventional engines, in addition to that driver assistance systems, have the requirement of vacuumless braking solutions for the braking system.
- The electric-assist braking is supporting the growth of automated driving. As cars are becoming automated, electric brake operates the brakes precisely. Electric boost is able to form hydraulic pressure more quickly.
Key Market Trends
Passenger Cars is expected to hold the major share in Vacuumless Braking Market
Leading vehicle manufacturers are adopting vacuumless braking in their current and upcoming models for enhanced safety, and brake manufacturers are developing new technologies to make the driver experience safer. For instance, in 2019, the ZF Integrated Brake Control system is adopted in the 2019 Chevrolet Silverado. ZF IBC is a vacuum-less technology that uses a simplified brake system’s architecture which enhances the performance of the vehicle. This module replaces the need for electronic stability control systems, vacuum booster, cables, sensors, switches, electronic controllers, and vacuum pumps.
Whereas many old vehicles are being recalled in recent years due to brake malfunctioning, this signifies that there is a huge demand of advance and efficient braking systems for the passenger vehicles to drive safely and confidently in the roads. For instance,
In 2019, General Motors has recalled over 3.4 million pickup trucks and SUVs in the United States to solve a brake problem. The recall includes 2015 to 2017Cadillac Escalade, and the GMC Yukon and Chevy Suburban and Tahoe from 2015 through 2018.
Asia-Pacific being the Fastest Growing Market
In the automotive vacuumless braking market, the growth of the Asia-Pacific region is expected to be more during the forecast period. China, India, and Japan are the major economies in the regional market that are anticipated to grow at a faster rate in the global market. China is one of the biggest automotive markets in the world. The growing population and rising disposable incomes of people in China have increased the demand for vehicles in the country. Additionally, the low production costs in China have favored the growth of vehicle manufacturing in China. In 2019, China produced 25.62 million passenger and commercial vehicles.
The automotive vacuumless braking manufacturers are doing partnerships with other market participants to develop next-generation braking systems for their future vehicles. For instance,
- In 2018,Brembo start the construction of the new plant, with a total investment plan of about Euro 9 million along with that company has planned for process expansion and innovation in their existing Chakan and Manesar plants, This will allow Brembo to increase the quality of the ByBre brand products and increase their presence in the country.
- In 2018, at Auto Expo Brakes India and its JV partner ZF displayed vacuumless braking IBC, the integrated brake control a non-vacuum, integrated electro-hydraulic brake, provides superior performance in a single, integrated unit with fuel economy and CO2 emission benefits through full regenerative braking capability. It offers weight reductions as it has fewer components, compact packaging.
The automotive vacuumless braking market is consolidated and majorly dominated by few players, such as Robert Bosch Gmbh, Brembo S.p.A., Continental AG, and Aptiv PLC amongst others. The market is highly driven by factors like advanced technology, growing investment in R&D projects, and growing market of electric and autonomous vehicles. To provide more quick brake response to the driver major automotive vacuumless braking manufacturers are developing future brake technology and expanding their market reach. For instance,
- In 2019, The BMW M8 and M8 Competition car bring together the brake activation, brake booster, and braking control functions in a compact module. The integrated braking system reduces the overall weight and employs a vacuum-free brake booster which enhances the car's overall efficiency.
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1.2 Scope of the Study
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1.1 Passenger Cars
5.1.2 Commercial Vehicles
5.2 By Electric Vehicle Type
5.3 By Sales Channel Type
5.4 By Geography
5.4.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.4.3 Asia Pacific
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.4.4 Rest of the World
184.108.40.206 United Arab Emirates
220.127.116.11 Other Countries
6.2 Company Profiles
6.2.1 Continental AG
6.2.2 Robert Bosch GmbH
6.2.3 Brembo S.p.A.
6.2.4 LSP Innovative Automotive Systems GmbH
6.2.5 Aptiv PLC (Delphi)
6.2.6 Disc Brakes Australia (DBA)
6.2.7 Hitachi Automotive Systems
6.2.8 Advics Co. Ltd.
6.2.9 Performance Friction Corporation (PFC) Brakes
A selection of companies mentioned in this report includes:
- Continental AG
- Robert Bosch GmbH
- Brembo S.p.A.
- LSP Innovative Automotive Systems GmbH
- Aptiv PLC (Delphi)
- Disc Brakes Australia (DBA)
- Hitachi Automotive Systems
- Advics Co. Ltd.
- Performance Friction Corporation (PFC) Brakes