The Global Automotive Brake Systems Market is estimated to be USD 24.68 Bn in 2023 and is expected to reach USD 35.22 Bn by 2028 growing at a CAGR of 7.37%.Rising Adoption of Electric and Hybrid Vehicles Drives Demand for Regenerative Braking Systems in the Automotive Brake Systems Market
- The global automotive brake systems market refers to the market for the systems that are used to slow down or stop a vehicle. These systems play a crucial role in ensuring the safety of passengers and pedestrians and are essential components of any vehicle. The market includes a range of products such as disc brakes, drum brakes, anti-lock braking systems (ABS), electronic stability control (ESC) systems, and hydraulic braking systems. The demand for advanced automotive brake systems has been on the rise in recent years, driven by factors such as increasing vehicle safety regulations, the growing automotive industry, and rising concerns about road safety. The automotive brake systems market is also witnessing the increasing adoption of electric and hybrid vehicles and the development of autonomous vehicles, which offer significant growth opportunities for market players. The market is highly competitive and fragmented, with several key players operating globally. These players are focusing on developing advanced and innovative brake systems that offer improved performance, durability, and safety.
- The global automotive brake systems market is driven by various factors such as increasing demand for safety features, the growing automotive industry, and rising concerns about vehicle safety regulations. The automotive brake system is an essential safety feature in vehicles that ensures the safety of passengers and pedestrians. With the increasing number of road accidents, the demand for advanced safety features in vehicles is increasing, which in turn drives the market growth for automotive brake systems. The growing automotive industry in emerging economies and increasing investments in research and development activities for advanced brake systems further propel market growth.
Market Segmentations
- The Global Automotive Brake Systems Market is segmented based on Brake Type, Technology, Component, Applications, and Geography.
- By Brake Type, the automotive brake systems market is segmented based on brake type, which includes disc brakes, drum brakes, and others. Disc brakes provide better stopping power and are more commonly used in passenger cars, while drum brakes are simpler and less expensive and are more commonly used in commercial vehicles.
- By Technology, the automotive brake systems market is segmented based on technology type, which includes Conventional Brake Systems, Anti-Lock Brakes, Electronic Stability Control, Electronic Brake Force Distribution, Traction Control Systems, and Advanced Brake Systems. These systems improve the braking performance and safety of the vehicle.
- By Component, the automotive brake systems market is segmented based on component type, which includes Brake Pads, Brake Shoes, Brake Rotors, Brake Drums, Brake Calipers, And Others. Brake pads and shoes are the friction materials that press against the brake rotor or drum to slow or stop the vehicle. The brake rotors and drums provide the surface against which the brake pads or shoes apply the friction. The brake calipers hold the brake pads and press them against the rotor or drum.
- By Applications, the automotive brake systems market is segmented based on application, which includes front brakes and rear brakes. Front brakes are responsible for most of the braking power and are typically larger than the rear brakes.
- By Geography, the market is classified into the Americas, EMEA, and APCA. Americas is a major market for automotive brake systems, with the United States being the largest market in the region. The region's large population of vehicle owners and the high number of vehicles on the road contribute to the growth of the brake systems industry. The region is also home to many leading brake system manufacturers and suppliers.
Recent Development
- Bosch announced that it is investing USD 1.10 Bn in the development of advanced brake systems for electric and hybrid vehicles. - December 2021.
- Continental AG launched a new brake system for autonomous driving that offers improved safety and reliability. - November 2021.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are ZF Friedrichshafen, Akebono Brake Industry, Brembo, Federal-Mogul, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, and the Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Automotive Brake Systems Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Automotive Brake Systems Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Automotive Brake Systems Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
- Excel data sheet for the market size will also be provided with the report.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
- The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
- The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment
- Market segmentation
- Competitive Analysis: Comparative analysis of competitor
- Historical, current, and projected size of the market based on value and volume
- Market size of the US states
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Automotive Brake Systems Market, By Brake Type
7 Global Automotive Brake Systems Market, By Technology
8 Global Automotive Brake Systems Market, By Component
9 Global Automotive Brake Systems Market, By Applications
10 Americas' Automotive Brake Systems Market
11 Europe's Automotive Brake Systems Market
12 Middle East and Africa's Automotive Brake Systems Market
13 APAC's Automotive Brake Systems Market
14 Competitive Landscape
15 Company Profiles
16 Appendix
Companies Mentioned
- TRW Automotive Inc.
- Continental Ag
- ZF Friedrichshafen Ag
- Akebono Brake Industry Co., Ltd.
- Brembo S.p.A.
- Federal-Mogul LLC
- Haldex AB
- Hitachi Automotive Systems Ltd.
- Knorr-Bremse Ag
- Mando Corp.
- Nissin Kogyo Co., Ltd.
- Robert Bosch GmbH
- Wabco Holdings Inc.
- Advics Co., Ltd.
- Aisin Seiki Co., Ltd.
- Bendix Commercial Vehicle Systems LLC
- Hella KGaA Hueck & Co.
- Meritor, Inc.
- Nabtesco Corp.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 150 |
Published | February 2024 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 24.68 Billion |
Forecasted Market Value ( USD | $ 35.22 Billion |
Compound Annual Growth Rate | 7.3% |
Regions Covered | Global |
No. of Companies Mentioned | 19 |