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Automotive Brake System Market Report by Type, Component, Technology, Vehicle Type, Sales Channel, and Region 2024-2032

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    Report

  • 138 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946264
Description Jump to:
The global automotive brake system market size reached US$ 49.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 73.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2023-2032.

An automotive brake system is a mechanical control device designed to restrain the motion of vehicles and ensure the safety of passengers. It comprises various components, including a brake pedal, disc, shoes, rotor, pads, drum, calipers, fluid lines, hoses, and master cylinder. It helps slow down or stop the motion of an automobile by absorbing energy from a moving system, usually by friction between two surfaces. Besides this, it also assists drivers in the stable parking of a vehicle either on a flat surface or slope.

Automotive Brake System Market Trends:

The growing global population is resulting in the increasing sales of passenger and commercial vehicles. This represents one of the key factors strengthening the growth of the market. In addition, rising occurrences of road accidents across the globe are catalyzing the demand for automotive brake systems. The rising concerns among individuals about road traffic collisions and fatalities are also compelling automotive manufacturers to incorporate robust safety systems in vehicles, which is impelling the market growth. Apart from this, stringent regulations imposed by governments and regulatory organizations of various countries to control road accidents are creating a positive outlook for the market. Furthermore, various technological innovations, such as anti-lock braking systems (ABS) and regenerative braking, is supporting the market growth. These advanced braking systems assist drivers in having maximum control and shorter stopping distances on slippery surfaces that aid in reducing the chances of vehicle collisions. Additionally, the new car assessment program (NCAP) to promote the usage of electronic brake systems is driving the market. Moreover, the increasing adoption of electric cars and the growing production of autonomous vehicles are expected to propel market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global automotive brake system market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, component, technology, vehicle type and sales channel.

Breakup by Type:

  • Disc Brakes
  • Drum Brakes

Breakup by Component:

  • Master Cylinder
  • Brake Pad
  • Calipers
  • Disc
  • Vacuum Servo Brake
  • Brake Drums
  • Others

Breakup by Technology:

  • Anti-Lock Braking System (ABS)
  • Traction Control System (TCS)
  • Electronic Stability Control (ESC)
  • Electronic Brake Force Distribution (EBD)

Breakup by Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

Breakup by Sales Channel:

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being Aisin Corporation, Akebono Brake Industry Co. Ltd., BorgWarner Inc., Brembo S.p.A., Continental AG, Haldex AB, HELLA GmbH & Co. KGaA (Faurecia SE), Hitachi Ltd., Hyundai Mobis Co. Ltd. (Hyundai Motor Group), Knorr-Bremse AG, Performance Friction Corporation, Robert Bosch GmbH and ZF Friedrichshafen AG.

Key Questions Answered in This Report

1. What was the size of the global automotive brake system market in 2023?
2. What is the expected growth rate of the global automotive brake system market during 2024-2032?
3. What are the key factors driving the global automotive brake system market?
4. What has been the impact of COVID-19 on the global automotive brake system market?
5. What is the breakup of the global automotive brake system market based on the type?
6. What is the breakup of the global automotive brake system market based on the component?
7. What is the breakup of the global automotive brake system market based on technology?
8. What is the breakup of the global automotive brake system market based on the vehicle type?
9. What are the key regions in the global automotive brake system market?
10. Who are the key players/companies in the global automotive brake system market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Brake System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Disc Brakes
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Drum Brakes
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Component
7.1 Master Cylinder
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Brake Pad
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Calipers
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Disc
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Vacuum Servo Brake
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Brake Drums
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast
8 Market Breakup by Technology
8.1 Anti-Lock Braking System (ABS)
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Traction Control System (TCS)
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Electronic Stability Control (ESC)
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Electronic Brake Force Distribution (EBD)
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Vehicle Type
9.1 Passenger Cars
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial Vehicles
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Sales Channel
10.1 Original Equipment Manufacturers (OEMs)
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Aftermarket
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Aisin Corporation
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Akebono Brake Industry Co. Ltd.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.3 BorgWarner Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Brembo S.p.A.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.5 Continental AG
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Haldex AB
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 HELLA GmbH & Co. KGaA (Faurecia SE)
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 Hitachi Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Hyundai Mobis Co. Ltd. (Hyundai Motor Group)
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 Knorr-Bremse AG
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.11 Performance Friction Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Robert Bosch GmbH
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 SWOT Analysis
16.3.13 ZF Friedrichshafen AG
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
16.3.13.3 SWOT Analysis
List of Figures
Figure 1: Global: Automotive Brake System Market: Major Drivers and Challenges
Figure 2: Global: Automotive Brake System Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Automotive Brake System Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Automotive Brake System Market: Breakup by Type (in %), 2023
Figure 5: Global: Automotive Brake System Market: Breakup by Component (in %), 2023
Figure 6: Global: Automotive Brake System Market: Breakup by Technology (in %), 2023
Figure 7: Global: Automotive Brake System Market: Breakup by Vehicle Type (in %), 2023
Figure 8: Global: Automotive Brake System Market: Breakup by Sales Channel (in %), 2023
Figure 9: Global: Automotive Brake System Market: Breakup by Region (in %), 2023
Figure 10: Global: Automotive Brake System (Disc Brakes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Automotive Brake System (Disc Brakes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Automotive Brake System (Drum Brakes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Automotive Brake System (Drum Brakes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Automotive Brake System (Master Cylinder) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Automotive Brake System (Master Cylinder) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Automotive Brake System (Brake Pad) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Automotive Brake System (Brake Pad) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Automotive Brake System (Calipers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Automotive Brake System (Calipers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Automotive Brake System (Disc) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Automotive Brake System (Disc) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Automotive Brake System (Vacuum Servo Brake) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Automotive Brake System (Vacuum Servo Brake) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Automotive Brake System (Brake Drums) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Automotive Brake System (Brake Drums) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Automotive Brake System (Other Components) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Automotive Brake System (Other Components) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Automotive Brake System (Anti-Lock Braking System-ABS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Automotive Brake System (Anti-Lock Braking System-ABS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Automotive Brake System (Traction Control System -TCS) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Automotive Brake System (Traction Control System -TCS) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Automotive Brake System (Electronic Stability Control -ESC) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Automotive Brake System (Electronic Stability Control -ESC) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Automotive Brake System (Electronic Brake Force Distribution -EBD) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Automotive Brake System (Electronic Brake Force Distribution -EBD) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Automotive Brake System (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Automotive Brake System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Automotive Brake System (Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Automotive Brake System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Automotive Brake System (Original Equipment Manufacturers -OEMs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Automotive Brake System (Original Equipment Manufacturers -OEMs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Automotive Brake System (Aftermarket) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Automotive Brake System (Aftermarket) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: North America: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: North America: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: United States: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: United States: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Canada: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Canada: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Asia-Pacific: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Asia-Pacific: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: China: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: China: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Japan: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Japan: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: India: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: India: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: South Korea: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: South Korea: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Australia: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Australia: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Indonesia: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Indonesia: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Europe: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Europe: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Germany: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Germany: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: France: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: France: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: United Kingdom: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: United Kingdom: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Italy: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Italy: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Spain: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Spain: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Russia: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Russia: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Latin America: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Latin America: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Brazil: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Brazil: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Mexico: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Mexico: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Others: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Others: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Middle East and Africa: Automotive Brake System Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Middle East and Africa: Automotive Brake System Market: Breakup by Country (in %), 2023
Figure 92: Middle East and Africa: Automotive Brake System Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Global: Automotive Brake System Industry: SWOT Analysis
Figure 94: Global: Automotive Brake System Industry: Value Chain Analysis
Figure 95: Global: Automotive Brake System Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Automotive Brake System Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Automotive Brake System Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Automotive Brake System Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 4: Global: Automotive Brake System Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 5: Global: Automotive Brake System Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 6: Global: Automotive Brake System Market Forecast: Breakup by Sales Channel (in Million US$), 2024-2032
Table 7: Global: Automotive Brake System Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Automotive Brake System Market: Competitive Structure
Table 9: Global: Automotive Brake System Market: Key Players

Companies Mentioned

  • Aisin Corporation
  • Akebono Brake Industry Co. Ltd.
  • BorgWarner Inc.
  • Brembo S.p.A.
  • Continental AG
  • Haldex AB
  • HELLA GmbH & Co. KGaA (Faurecia SE)
  • Hitachi Ltd.
  • Hyundai Mobis Co. Ltd. (Hyundai Motor Group)
  • Knorr-Bremse AG
  • Performance Friction Corporation
  • Robert Bosch GmbH and ZF Friedrichshafen AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages138
PublishedMarch 2024
Forecast Period2023 - 2032
Estimated Market Value ( US$ ) in 2023 US$  49.3 Billion
Forecasted Market Value ( US$ ) by 2032 US$  73.9 Billion
Compound Annual Growth Rate4.6%
Regions CoveredGlobal
No. of Companies Mentioned12

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