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Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD), On & Off-Highway Vehicle(Passenger Car, LCV, HCV, Construction-Mining, Tractor), OHV Brake (Hydraulic Wet, Hydrostatic, Dynamic), Actuation and Region - Global Forecast to 2026

  • ID: 5397205
  • Report
  • August 2021
  • Region: Global
  • 213 Pages
  • Markets and Markets

FEATURED COMPANIES

  • Advics Co., Ltd.
  • Brembo S.P.A
  • Denso Corporation
  • Hitachi Astemo Ltd.
  • Mando Corporation
  • Robert Bosch GmbH

The brake system market is projected to reach USD 26.5 billion by 2026 from an estimated USD 20.9 billion in 2021, at a CAGR of 4.9% during the forecast period. Various governments globally are implementing safety standards by making safety features such as ABS, ESC, TCS, and EBD a mandatory feature in vehicles. This has strongly driven the brake system market in developed as well developing countries. Also, the growing popularity of high-end and luxury cars is boosting the brake system market. 




Countries such as India, China, Brazil, Mexico, Argentina are focusing on enhanced automotive safety standards. However, the high maintenance and repair costs can hinder market growth, especially in developing countries.


Disc brake segment is expected to be the largest market by brake type 

Disc brakes are found on most vehicles today. These brakes are mounted mainly on front-wheel axles, but nowadays, even rear wheels are equipped with disc brakes in Europe and North America. The reasons disc brakes are gaining popularity are that they are more efficient, provide better-stopping power, dissipate heat easily, self-adjust as friction material wears, and work effectively in wet conditions. Most of today’s passenger cars are equipped with disc brakes on all four wheels in Europe and North America. This is mainly due to the advantages like high stopping power and strict regulations regarding vehicle safety. However, the penetration is quite low in the Asia Pacific as disc brakes are quite expensive to repair and maintain. Also, presently, they are part of the only premium and luxury cars in the region. But in the coming years, it is expected to gain momentum.


Agricultural Tractors brake system market segment is expected to be the fastest

Agricultural tractors are mostly equipped with brakes on the rear axle. Four-wheel drive tractors are also equipped with brakes on the rear axle. Wet disc brake type is used predominantly in agricultural tractors because of its better performance. Also, older tractor models in use are equipped with hydraulic single-line braking systems. The new tractors are equipped with dual-line braking systems. Dual-line hydraulic braking system allows to separate the normal braking system from the emergency braking system and is designed to stop the vehicle in the event of failure of the braking system. Pneumatic dual-line braking systems have long been used for heavy-duty vehicles and now have proved suitable for tractors with heavy machinery at speeds of 40 km/h and above. Thus, the growing adoption of advanced brake systems in tractors is expected to drive its brake market significantly in the coming years. 


Asia Pacific market is expected to register the highest growth during the forecast period

The Asia Pacific brake system market is estimated to be the fastest-growing regional market. The growing adoption of advanced braking system technologies in China, Japan, South Korea, and India is expected to drive market growth in the region. China’s passenger car production is expected to reach 24 million units by 2026, presenting a huge opportunity for brake system manufacturers globally as well as domestically. Not only passenger cars but trucks are also set to reach 2 million units by 2026. According to the European Transport Safety Council, the South Korean transport ministry announced that it requires all new large passenger vehicles and trucks to be fitted with AEB and LDW systems from January 2019. Also, ABS and ESC are already mandatory in passenger cars and LCVs. Thus, the implementation of government mandates is expected to drive the South Korean brake system market. Such factors would boost the growth of the installation of advanced braking systems, which in turn would drive the growth of the brake system market during the forecast period.


In-depth interviews were conducted with CEOs, vice-presidents, marketing directors, innovation and technology directors, and executives from various key organizations operating in this market.


  • By Company Type: Supply Side - 80%, Demand Side - 20%
  • By Designation: C Level - 20%, D Level - 30%, and Others - 50%
  • By Region: Asia Pacific - 40%, Europe - 30%, North America - 30%

The brake system market is led by globally established players such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Aisin Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), and Brembo S.p.A (Italy), Hitachi Astemo Ltd. (Japan), Mando Corporation (South Korea), Haldex AB (Sweden). The study includes an in-depth competitive analysis of these key players in the brake system market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies. 


Research Coverage:

The brake system market is segmented by region (Asia Pacific, Europe, North America, and RoW), vehicle type (passenger car, LCV, truck and bus), brake type (disc brake and drum brake), technology (anti-lock braking system, traction control system, electronic stability control, and electronic brake-force distribution), off-highway application (agricultural tractor, construction equipment and mining equipment), off-highway brake type (hydrostatic brake, hydraulic wet brake, dynamic brake and others), and actuation (hydraulic and pneumatic). 


The study also includes an in-depth competitive analysis of the key players in the market along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. 


Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall brake system market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


Frequently Asked Questions about the Global Brake System Market

What is the estimated value of the Global Brake System Market?

The Global Brake System Market was estimated to be valued at $20.9 Billion in 2021.

What is the growth rate of the Global Brake System Market?

The growth rate of the Global Brake System Market is 4.9%, with an estimated value of $26.5 Billion by 2026.

What is the forecasted size of the Global Brake System Market?

The Global Brake System Market is estimated to be worth $26.5 Billion by 2026.

Who are the key companies in the Global Brake System Market?

Key companies in the Global Brake System Market include Advics Co., Ltd., Aisin Seiki Co., Ltd., Akebono Brake Industry Co., Ltd., Beringer, Brembo S.P.A, BWI Group, Continental Ag, Denso Corporation and Haldex Ab.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Advics Co., Ltd.
  • Brembo S.P.A
  • Denso Corporation
  • Hitachi Astemo Ltd.
  • Mando Corporation
  • Robert Bosch GmbH

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
Figure 1 Brake System Market: Market Segmentation
Figure 2 Brake System Market: by Region
1.4 Summary of Changes


2 Research Methodology
2.1 Research Data
Figure 3 Research Design
Figure 4 Research Methodology Model
2.1.1 Secondary Data
2.1.1.1 List of Key Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
Figure 5 Breakdown of Primary Interviews: by Stakeholder, Designation, & Region
2.1.2.1 List of Primary Participants
2.2 Market Estimation Methodology
Figure 6 Research Methodology: Hypothesis Building
2.2.1 Bottom-Up Approach
Figure 7 Brake System Market Size: Bottom-Up Approach (On- & Off-Highway and Region)
2.2.2 Top-Down Approach
Figure 8 Brake System Market Size: Top-Down Approach (By Actuation)
2.3 Data Triangulation
Figure 9 Data Triangulation Methodology
2.4 Research Assumptions
2.4.1 Global Assumptions
2.4.2 Market Assumptions
2.5 Research Limitations


3 Executive Summary
3.1 Pre & Post COVID-19 Scenario
Figure 10 Pre- & Post-COVID-19 Scenario: Brake System Market, 2019-2026 (USD Million)
Table 1 Brake System Market: Pre- Vs. Post-COVID-19 Scenario, 2019-2026 (USD Million)
3.2 Report Summary
Figure 11 Brake System Market: Market Outlook
Figure 12 Brake System Market, by Region, 2021 Vs. 2026 (USD Million)


4 Premium Insights
4.1 Attractive Opportunities in Brake System Market
Figure 13 Stringent Safety Standards and Popularity of Disc Brakes to Drive the Market
4.2 Brake System Market, by Region
Figure 14 Asia-Pacific to Dominate Market During Forecast Period
4.3 Brake System Market, by Technology
Figure 15 Abs Segment to Hold Largest Market Share in 2021
4.4 Brake System Market, by Vehicle Type
Figure 16 Passenger Car Segment to Lead Brake System Market by 2026
4.5 Brake System Market, by Brake Type
Figure 17 Disc Brake to be Fastest Growing Brake Type During Forecast Period
4.6 Off-Highway Brake System Market, by Application
Figure 18 Agricultural Tractors Expected to Witness Fastest Growth During Forecast Period
4.7 Off-Highway Brake System Market, by Type
Figure 19 Hydraulic Wet Brake to Contribute to Largest Share in Off-Highway Brake System During Forecast Period
4.8 Brake System Market, by Actuation
Figure 20 Hydraulic Brake Segment to Have Higher CAGR During Forecast Period


5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 21 Brake System Market: Market Dynamics
5.2.1 Drivers
5.2.1.1 Stringent Automotive Active Safety Regulations
5.2.1.1.1 Stopping Distance for Light- and Heavy-Duty Vehicles
Figure 22 Comparison of Stopping Distances at 65 Mph for Passenger Car and Truck in US
Figure 23 Total Stopping Distances for Passenger Car and Truck
5.2.1.1.2 Enhanced Vehicle Safety with Abs and Ebd
Figure 24 Effect of Ebd
5.2.1.2 Integration of Acc in Electronic Braking Systems
Figure 25 Analysis of Electronic Braking Systems for Different Vehicle Class
5.2.1.3 Impact of Ncap on Electronic Brake Systems
Table 2 Local New Car Assessment Programs (Ncap)
Table 3 Factors & Weightage for Euro Ncap Rating
5.2.2 Restraints
5.2.2.1 High Development and Maintenance Costs
Table 4 Abs Control Module Repair Costs (USD)
5.2.3 Opportunities
5.2.3.1 Brake-By-Wire Systems
Figure 26 Brake-By-Wire Market, 2020 Vs. 2025 (USD Million)
5.2.3.2 Regenerative Braking to Create Lucrative Growth in Ev Ecosystem
Figure 27 Electric Vehicle Sales, 2021 Vs 2026 (‘000 Units)
5.2.4 Challenges
5.2.4.1 Malfunctioning of Electronic Braking Systems
5.2.4.2 Air Brake Freeze-Ups
5.2.5 Impact of COVID-19 on Brake System Market
5.3 Trends/Disruptions Impacting Customer's Business
Figure 28 Revenue Shift for Brake System Market
5.4 Brake System Market, Scenarios (2021-2026)
Figure 29 Brake System Market: COVID-19 Scenarios Analysis
5.4.1 Most Likely/Realistic Scenario
Table 5 Brake System Market, (Realistic Scenario), by Region, 2019-2026 (USD Million)
5.4.2 High COVID-19 Impact Scenario
Table 6 Brake System Market (High COVID-19 Impact Scenario), by Region, 2019-2026 (USD Million)
5.4.3 Low COVID-19 Impact Scenario
Table 7 Brake System Market (Low COVID-19 Impact Scenario), by Region, 2019-2026 (USD Million)
5.5 Ecosystem/Market Map
Table 8 Brake System Market: Ecosystem
5.6 Technology Analysis
5.7 Case Study Analysis
5.7.1 Case Study 1
5.7.2 Case Study 2
5.8 Patent Analysis
5.9 Average Selling Price Analysis, 2021-E
Table 9 Average Selling Price, by Brake Type
Table 10 Average Selling Price, by Vehicle Type
Table 11 Average Selling Price, by Technology
5.10 Value Chain Analysis
Figure 30 Value Chain Analysis: Brake System Market
5.11 Trade Analysis
Table 12 Trade Analysis, Vehicle Parts; Brakes, Servo-Brakes, and Parts Thereof
5.12 Tariff and Regulatory Landscape
5.12.1 Vehicle Safety Standards, by Region
Table 13 Vehicle Safety Standards, by Region
5.12.2 US: Federal Motor Safety Standards for Brake System Parts
Table 14 US: Federal Motor Vehicle Safety Standards
5.13 Porter's Five Forces Analysis
Figure 31 Porter's Five Forces Analysis
5.13.1 Threat of New Entrants
5.13.2 Threat of Substitutes
5.13.3 Bargaining Power of Suppliers
5.13.4 Bargaining Power of Buyers
5.13.5 Intensity of Competitive Rivalry


6 Brake System Market, by Brake Type
6.1 Introduction
6.1.1 Research Methodology
6.1.2 Assumptions/Limitations
6.1.3 Industry Insights
Figure 32 Brake System Market, by Brake Type, 2021 Vs. 2026 (USD Million)
Table 15 Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 16 Brake System Market, by Brake Type, 2019-2026 (USD Million)
6.2 Disc Brake
6.2.1 Advantages Like Better Heat Dissipation & Self-Adjusting Friction Material to Drive Demand
Table 17 Disc Brake Market, by Region, 2019-2026 (‘000 Units)
Table 18 Disc Brake System Market, by Region, 2019-2026 (USD Million)
6.3 Drum Brake
6.3.1 Cost-Sensitive Nature of Emerging Markets Expected to Drive Demand
Table 19 Drum Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 20 Drum Brake System Market, by Region, 2019-2026 (USD Million)


7 Brake System Market, by Technology
7.1 Introduction
7.1.1 Research Methodology
7.1.2 Assumptions/Limitations
7.1.3 Industry Insights
Figure 33 Brake System Market, by Technology, 2021 Vs. 2026 (USD Million)
Table 21 Brake System Market, by Technology, 2019-2026 (‘000 Units)
Table 22 Brake System Market, by Technology, 2019-2026 (USD Million)
7.2 Anti-Lock Brake System (Abs)
7.2.1 Regulations to Mandate Abs Expected to Drive the Segment
Table 23 Antilock Braking System Market, by Region, 2019-2026 (‘000 Units)
Table 24 Antilock Braking System Market, by Region, 2019-2026 (USD Million)
7.3 Electronic Stability Control (Esc)
7.3.1 Reduction of Fatalities and Technical Benefits Expected to Drive the Segment
Table 25 Electronic Stability Control Market, by Region, 2019-2026 (‘000 Units)
Table 26 Electronic Stability Control Market, by Region, 2019-2026 (USD Million)
7.4 Traction Control System (Tcs)
7.4.1 Better Traction Control and Limited Wheel Slippage Expected to Drive the Segment
Table 27 Traction Control System Market, by Region, 2019-2026 (‘000 Units)
Table 28 Traction Control System Market, by Region, 2019-2026 (USD Million)
7.5 Electronic Brake Force Distribution (Ebd)
7.5.1 Stringency in Safety Regulations Expected to Drive the Segment
Table 29 Electronic Brake Force Distribution Market, by Region, 2019-2026 (‘000 Units)
Table 30 Electronic Brake Force Distribution Market, by Region, 2019-2026 (USD Million)


8 Brake System Market, by Vehicle Type
8.1 Introduction
8.1.1 Research Methodology
8.1.2 Assumptions/Limitations
8.1.3 Industry Insights
Figure 34 Brake System Market, by Vehicle Type, 2021 Vs. 2026 (USD Million)
Table 31 Brake System Market, by Vehicle Type, 2019-2026 (‘000 Units)
Table 32 Brake System Market, by Vehicle Type, 2019-2026 (USD Million)
8.2 Passenger Car
8.2.1 Stringent Safety Standards Expected to Drive the Segment
Table 33 Passenger Car Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 34 Passenger Car Brake System Market, by Region, 2019-2026 (USD Million)
8.3 Light Commercial Vehicle (Lcv)
8.3.1 Growing Demand for Advanced Braking Systems Expected to Drive the Segment
Table 35 Light Commercial Vehicle Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 36 Light Commercial Vehicle Brake System Market, by Region, 2019-2026 (USD Million)
8.4 Truck
8.4.1 Introduction of Electronic Brake Systems Expected to Drive the Segment
Table 37 Truck Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 38 Truck Brake System Market, by Region, 2019-2026 (USD Million)
8.5 Bus
8.5.1 Adoption of Efficient Brake Systems Expected to Drive the Segment
Table 39 Bus Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 40 Bus Brake System Market, by Region, 2019-2026 (USD Million)


9 Brake System Market, by Actuation
9.1 Introduction
9.1.1 Research Methodology
9.1.2 Assumptions/Limitations
9.1.3 Industry Insights
Figure 35 Brake System Market, by Actuation, 2021 Vs. 2026 (USD Million)
Table 41 Brake System Market, by Actuation, 2019-2026 (‘000 Units)
Table 42 Brake System Market, by Actuation, 2019-2026 (USD Million)
9.2 Hydraulic Brake
9.2.1 Light Construction and Low Overall Weight to Drive Demand
Table 43 Hydraulic Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 44 Hydraulic Brake System Market, by Region, 2019-2026 (USD Million)
9.3 Pneumatic Brake
9.3.1 Safety Regulations for Heavy Commercial Vehicles to Drive Demand
Table 45 Pneumatic Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 46 Pneumatic Brake System Market, by Region, 2019-2026 (USD Million)


10 Off-Highway Brake System Market, by Application
10.1 Introduction
10.1.1 Research Methodology
10.1.2 Assumptions/Limitations
10.1.3 Industry Insights
Figure 36 Off-Highway Brake System Market, by Application, 2021 Vs. 2026 (USD Million)
Table 47 Off-Highway Brake System Market, by Application, 2019-2026 (‘000 Units)
Table 48 Off-Highway Brake System Market, by Application, 2019-2026 (USD Million)
10.2 Agricultural Tractor
Table 49 Agricultural Tractor Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 50 Agricultural Tractor Brake System Market, by Region, 2019-2026 (USD Million)
10.3 Construction Equipment
Table 51 Construction Equipment Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 52 Construction Equipment Brake System Market, by Region, 2019-2026 (USD Million)
10.4 Mining Equipment
Table 53 Mining Equipment Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 54 Mining Equipment Brake System Market, by Region, 2019-2026 (USD Million)


11 Off-Highway Brake System Market, by Brake Type
11.1 Introduction
11.1.1 Research Methodology
11.1.2 Assumptions/Limitations
11.1.3 Industry Insights
Figure 37 Off-Brake System Market, by Brake Type, 2021 Vs. 2026 (USD Million)
Table 55 Off-Highway Vehicles Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 56 Off-Highway Vehicles Brake System Market, by Brake Type, 2019-2026 (USD Million)
11.2 Hydrostatic Brake
11.2.1 Increasing Deployment of Mining Equipment with Hydrostatic Braking Expected to Drive the Segment
Table 57 Off-Highway Vehicles Hydrostatic Brake Market, by Region, 2019-2026 (‘000 Units)
Table 58 Off-Highway Vehicles Hydrostatic Brake Market, by Region, 2019-2026 (USD Million)
11.3 Hydraulic Wet Brake
11.3.1 Safety Regulations for Heavy Commercial Vehicles Expected to Drive the Segment
Table 59 Off-Highway Vehicles Hydraulic Wet Brake Market, by Region, 2019-2026 (‘000 Units)
Table 60 Off-Highway Vehicles Hydraulic Wet Brake Market, by Region, 2019-2026 (USD Million)
11.4 Dynamic Brake
11.4.1 Stringency in Safety Standards Expected to Drive the Segment
Table 61 Off-Highway Vehicles Dynamic Brake Market, by Region, 2019-2026 (‘000 Units)
Table 62 Off-Highway Vehicles Dynamic Brake Market, by Region, 2019-2026 (USD Million)
11.5 Others
Table 63 Others Off-Highway Vehicles Brake Market, by Region, 2019-2026 (‘000 Units)
Table 64 Others Off-Highway Vehicles Brake Market, by Region, 2019-2026 (USD Million)


12 Brake System Market, by Region
12.1 Introduction
12.1.1 Research Methodology
12.1.2 Assumptions/Limitations
12.1.3 Industry Insights
Figure 38 Brake System Market, by Region, 2021 Vs. 2026 (USD Million)
Table 65 Brake System Market, by Region, 2019-2026 (‘000 Units)
Table 66 Brake System Market, by Region, 2019-2026 (USD Million)
12.2 Asia-Pacific
Figure 39 Asia-Pacific Brake System Market Snapshot
Table 67 Asia-Pacific: Brake System Market, by Country, 2019-2026 (‘000 Units)
Table 68 Asia-Pacific: Brake System Market, by Country, 2019-2026 (USD Million)
12.2.1 China
12.2.1.1 Growing Vehicle Production to Drive the Market
Table 69 China: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 70 China: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.2.2 India
12.2.2.1 Stringency in Safety Standards to Drive the Market
Table 71 India: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 72 India: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.2.3 Japan
12.2.3.1 Rising Penetration of Automatic Braking Systems to Drive the Market
Table 73 Japan: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 74 Japan: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.2.4 South Korea
12.2.4.1 Government Mandates for Implementation of Advanced Brake Systems to Drive the Market
Table 75 South Korea: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 76 South Korea: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.2.5 Rest of Asia-Pacific
Table 77 Rest of Asia-Pacific: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 78 Rest of Asia-Pacific: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.3 Europe
Figure 40 Europe: Brake System Market, by Country, 2021 Vs. 2026
Table 79 Europe: Brake System Market, by Country, 2019-2026 (‘000 Units)
Table 80 Europe: Brake System Market, by Country, 2019-2026 (USD Million)
12.3.1 Germany
12.3.1.1 Implementation of Advanced Emergency Braking Systems as a Standard Fitment to Drive the Market
Table 81 Germany: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 82 Germany: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.3.2 France
12.3.2.1 Increasing Penetration of Disc Brakes to Drive the Market
Table 83 France: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 84 France: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.3.3 Spain
12.3.3.1 Implementation of Aeb in Passenger Cars to Drive the Market
Table 85 Spain: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 86 Spain: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.3.4 Italy
12.3.4.1 Regulations Mandating Aeb to Drive the Market
Table 87 Italy: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 88 Italy: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.3.5 UK
12.3.5.1 Increasing Adoption of Abs and Esc to Drive the Market
Table 89 UK: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 90 UK: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.3.6 Rest of Europe
Table 91 Rest of Europe: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 92 Rest of Europe: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.4 North America
Figure 41 North America: Brake System Market Snapshot
Table 93 North America: Brake System Market, by Country, 2019-2026 (‘000 Units)
Table 94 North America: Brake System Market, by Country, 2019-2026 (USD Million)
12.4.1 US
12.4.1.1 Regulations to Reduce Stopping Distance in Commercial Vehicles to Drive the Market
Table 95 US: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 96 US: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.4.2 Canada
12.4.2.1 Mandatory Features Such as Abs & Esc to Drive the Market
Table 97 Canada: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 98 Canada: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.4.3 Mexico
12.4.3.1 Free Trade Agreements Promoting Domestic Production of Brake System Components to Drive the Market
Table 99 Mexico: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 100 Mexico: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.5 Rest of the World (Row)
Figure 42 RoW: Brake System Market, 2021 Vs. 2026 (USD Million)
Table 101 Rest of the World: Brake System Market, by Country, 2019-2026 (‘000 Units)
Table 102 Rest of the World: Brake System Market, by Country, 2019-2026 (USD Million)
12.5.1 Brazil
12.5.1.1 Setting Up of Local Plants for Brake System Components to Drive the Market
Table 103 Brazil: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 104 Brazil: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.5.2 Turkey
12.5.2.1 Lower Manufacturing & Labor Costs to Drive the Market
Table 105 Turkey: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 106 Turkey: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.5.3 Russia
12.5.3.1 Increasing Adoption of Disc Brakes in Lcvs to Drive the Market
Table 107 Russia: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 108 Russia: Brake System Market, by Brake Type, 2019-2026 (USD Million)
12.5.4 Rest of RoW
Table 109 Rest of RoW: Brake System Market, by Brake Type, 2019-2026 (‘000 Units)
Table 110 Rest of RoW: Brake System Market, by Brake Type, 2019-2026 (USD Million)


13 Competitive Landscape
13.1 Overview
13.2 Key Player Strategies/Right to Win
Figure 43 Companies Adopted New Product Development Strategy as the Key Growth Strategy, 2019-2021
13.3 Revenue Analysis of Top Five Players, 2018-2020
13.4 Market Share Analysis
Table 111 Market Share, 2020
Figure 44 Brake System Market Share Analysis, 2020
13.5 Competitive Leadership Mapping
13.5.1 Star
13.5.2 Emerging Leader
13.5.3 Pervasive
13.5.4 Participant
Figure 45 Competitive Leadership Mapping: Brake System Manufacturers
Table 112 Brake System Market: Company Footprint
Table 113 Company Technology Footprint
Table 114 Company Region Footprint (19 Companies)
13.6 Competitive Leadership Mapping: Off-Highway Brake System Manufacturers
13.6.1 Star
13.6.2 Emerging Leader
13.6.3 Pervasive
13.6.4 Participant
Figure 46 Competitive Leadership Mapping: Off-Highway Brake System Manufacturers
Table 115 Off-Highway Brake System Market: Company Footprint
Table 116 Company Industry Footprint (Off-Highway) (12 Companies)
Table 117 Company Region Footprint (Off-Highway) (12 Companies)
13.7 Competitive Scenario
13.8 New Product Launches
Table 118 New Product Development, 2019-2020
13.9 Agreements, Partnerships, Collaborations, & Joint Ventures
Table 119 Agreements, Partnerships, Collaborations, & Joint Ventures, 2019-2021


14 Company Profiles
14.1 Key Players
(Business Overview, Products Offered, Recent Developments, Analyst's View)*
14.1.1 Robert Bosch GmbH
Table 120 Robert Bosch GmbH: Business Overview
Figure 47 Robert Bosch GmbH: Company Snapshot
Table 121 Robert Bosch GmbH: Product Launches
Table 122 Robert Bosch GmbH: Deals
14.1.2 Continental Ag
Table 123 Continental Ag: Business Overview
Figure 48 Continental Ag: Company Snapshot
Table 124 Continental Ag: Product Developments
Table 125 Continental Ag: Deals
14.1.3 Zf Friedrichshafen Ag
Table 126 Zf Friedrichshafen Ag: Business Overview
Figure 49 Zf Friedrichshafen Ag: Company Snapshot
Table 127 Zf Friedrichshafen Ag: Product Launches
Table 128 Zf Friedrichshafen Ag: Deals
14.1.4 Akebono Brake Industry Co., Ltd.
Table 129 Akebono Brake Industry Co., Ltd.: Business Overview
Figure 50 Akebono Brake Industry Co., Ltd.: Company Snapshot
Table 130 Akebono Brake Industry Co., Ltd.: Product Launches
14.1.5 Brembo S.P.A
Table 131 Brembo S.P.A: Business Overview
Figure 51 Brembo S.P.A: Company Snapshot
Table 132 Brembo S.P.A: Product Launches
Table 133 Brembo S.P.A: Deals
14.1.6 Aisin Seiki Co., Ltd.
Table 134 Aisin Seiki Co., Ltd.: Business Overview
Figure 52 Aisin Seiki Co., Ltd.: Company Snapshot
14.1.7 Hitachi Astemo Ltd.
Table 135 Hitachi Astemo Ltd.: Business Overview
Figure 53 Hitachi Astemo Ltd.: Company Snapshot
Table 136 Hitachi Astemo Ltd.: Others
14.1.8 Knorr-Bremse Ag
Table 137 Knorr-Bremse Ag: Business Overview
Figure 54 Knorr-Bremse Ag: Company Snapshot
14.1.9 Haldex Ab
Table 138 Haldex Ab: Business Overview
Figure 55 Haldex Ab: Company Snapshot
Table 139 Haldex Ab: Product Launches
Table 140 Haldex Ab: Deals
14.1.10 Mando Corporation
Table 141 Mando Corporation: Business Overview
Figure 56 Mando Corp: Company Snapshot
14.2 Other Key Players
14.2.1 Asia-Pacific
14.2.1.1 Denso Corporation
Table 142 Denso Corporation: Business Overview
14.2.1.2 Hyundai Mobis
Table 143 Hyundai Mobis: Business Overview
14.2.1.3 Wuhan Youfin Auto Parts Co., Ltd.
Table 144 Wuhan Youfin Auto Parts Co., Ltd.: Business Overview
14.2.1.4 Advics Co., Ltd.
Table 145 Advis Co., Ltd.: Business Overview
14.2.1.5 Wuhu Bethel Automotive Safety System Co., Ltd.
Table 146 Wuhu Bethel Automotive Safety System Co., Ltd.: Business Overview
14.2.2 Europe
14.2.2.1 Beringer
Table 147 Beringer: Business Overview
14.2.2.2 EBC Brakes
Table 148 EBC Brakes: Business Overview
14.2.2.3 Nifo Srl
Table 149 Nifo Srl
14.2.3 North America
14.2.3.1 BWI Group
Table 150 BWI Group: Business Overview
14.2.3.2 Meritor, Inc.
Table 151 Meritor, Inc.: Business Overview
14.2.3.3 Muller Brakes America Inc.
Table 152 Müller Brakes America: Business Overview
14.2.3.4 Wagner Brake
Table 153 Wagner Brake: Business Overview
*Details on Business Overview, Products Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.


15 Analyst's Recommendations
15.1 Asia-Pacific is a Potential Market for Brake Systems
15.2 Companies Should Focus on Disc Brakes
15.3 Growing Demand for Hydraulic Wet Brakes in Agricultural Tractors
15.4 Conclusion


16 Appendix
16.1 Currency & Pricing
Table 154 Currency Exchange Rates (Wrt Per Usd)
16.2 Insights of Industry Experts
16.3 Discussion Guide
16.4 Knowledge Store: The Subscription Portal
16.5 Available Customizations
16.5.1 Off-Highway Brake System Market, by Brake Type
16.5.1.1 Hydrostatic Brake
16.5.1.2 Hydraulic Wet Brake
16.5.1.3 Dynamic Brake
16.5.1.4 Others
16.5.2 On-Highway System Market, by Vehicle Type & Brake Type
16.5.2.1 Disc Brake
16.5.2.2 Drum Brake


Note: Product cover images may vary from those shown
  • Advics Co., Ltd.
  • Aisin Seiki Co., Ltd.
  • Akebono Brake Industry Co., Ltd.
  • Beringer
  • Brembo S.P.A
  • BWI Group
  • Continental Ag
  • Denso Corporation
  • EBC Brakes
  • Haldex Ab
  • Hitachi Astemo Ltd.
  • Hyundai Mobis
  • Knorr-Bremse Ag
  • Mando Corporation
  • Meritor, Inc.
  • Muller Brakes America Inc.
  • Nifo Srl
  • Robert Bosch GmbH
  • Wagner Brake
  • Wuhan Youfin Auto Parts Co., Ltd.
  • Wuhu Bethel Automotive Safety System Co., Ltd.
  • Zf Friedrichshafen Ag

 


Note: Product cover images may vary from those shown