Automotive Brake System Market by Technology (Antilock Braking System, Electronic Brake-force Distribution, Electronic Stability Control), Brake Type (Disc Brake, Drum Brake), Vehicle Type, Distribution - Global Forecast 2024-2030

Automotive Brake System Market by Technology (Antilock Braking System, Electronic Brake-force Distribution, Electronic Stability Control), Brake Type (Disc Brake, Drum Brake), Vehicle Type, Distribution - Global Forecast 2024-2030

The Automotive Brake System Market size was estimated at USD 22.35 billion in 2023 and expected to reach USD 23.35 billion in 2024, at a CAGR 4.97% to reach USD 31.40 billion by 2030.

The automotive brake system is an integral component responsible for slowing down or bringing a vehicle to a complete halt. It consists of various elements including the brake pedal, master cylinder, brake lines, calipers, pads, and rotors or drums, which work in unison to ensure the safe deceleration of the vehicle. The system can be classified into different types, such as disc brakes and drum brakes, with modern vehicles typically featuring a combination of both. Increasing production and sales of automotive vehicles have accelerated the demand for brake systems. The growing awareness of vehicle safety among consumers has also spurred the development of more sophisticated braking systems. However, disadvantages such as wear and tear over time and the potential for system failure impede its development. Regular maintenance, technological upgrades, and research into more durable and reliable materials combat these issues. The advent of autonomous vehicles and the increased adoption of electric and hybrid vehicles have necessitated specialized braking systems. The focus on environmental sustainability also pushes the demand for regenerative braking systems, which offer the added benefit of energy recuperation.

Regional Insights

In the Americas, the adoption of advanced brake technologies such as anti-lock braking systems (ABS) and electronic stability control (ESC) is driven by stringent safety standards and high consumer awareness, with the majority of vehicles equipped with these systems. Production is substantial due to the presence of both major global brake manufacturers and strong domestic companies, underpinned by sophisticated supply chains and production facilities. The Asia-Pacific (APAC) region is experiencing rapid growth in automotive brake system production and usage due to the burgeoning automotive industry, increasing vehicle production, and rising safety concerns. Moreover, APAC benefits from lower production costs and a thriving component manufacturing sector, which attracts both local and international brake system companies. The Europe, Middle East, and Africa (EMEA) region presents a diverse scenario where Europe takes the lead with a high adoption rate of brake system innovations due to premium vehicle manufacturers and robust regulatory frameworks that mandate advanced safety systems. Europe's strong focus on reducing vehicle emissions has also fostered the development of lightweight and efficient braking solutions.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Brake System Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increase in vehicle production and sales worldwide
• Government norms mandating the installation of advanced braking systems
• Rising demand for brake replacement and aftermarket accessories

Market Restraints

• Concerns associated with brake designing and production

Market Opportunities

• Advancements in operation and functioning of automotive brake systems
• Development of autonomous and self-driving vehicles

Market Challenges

• Limitations associated with technical failure of brake system

Market Segmentation Analysis

• Technology: Increased use of antilock braking system for critical driving situations
• Brake Type: Consistent performance of drum brakes during heavy usage activities
• Vehicle Type: Development of brake systems tailored for endurance and reliability under heavy loads and frequent usage
• Distribution: Advancements in product offerings and customer services of OEM brake systems

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Brake System Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Brake System Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ZF Unveils New Electro-Mechanical 'Dry' Brake System

ZF Friedrichshafen launched a groundbreaking electro-mechanical brake system designed collaboratively across their research centers in China, the United States, and Germany. This innovative 'dry' brake system revolutionizes the industry by replacing conventional hydraulic mechanisms with a sophisticated all-electric brake-by-wire approach. By employing direct electric motors to provide braking force at each wheel, ZF's state-of-the-art system eradicates the dependency on hydraulic pressure and brake fluid.

Hayes Performance Systems Expands with Acquisition

Hayes Performance Systems, a global braking and performance systems company, ]successfully acquired ACI Industries, LLC, a reputable manufacturing entity in Saukville, Wisconsin. This significant move strategically bolsters Hayes Performance Systems by expanding its manufacturing and machining operations. The incorporation of ACI Industries promises to deliver advanced capabilities, positioning Hayes Performance Systems to better meet the intricate demands of the global automotive brake system market.

Continental’s New Brake System for Electronic Stability Control Debuts at Changan

Continental, a tech firm, successfully commenced production of its innovative MK 120 ESC, a cutting-edge electronic brake system designed to enhance electronic stability control. This advanced system, at the forefront of efficiency and security, has been integrated by Changan Automobile, a Chinese car manufacturer, into their latest Oshan X5 Plus and Uni-T models. Furthermore, its design promises seamless installation, thus streamlining the manufacturing process and reinforcing Changan’s commitment to offering its customers high-quality, technologically superior vehicles.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Brake System Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Brake System Market, highlighting leading vendors and their innovative profiles. These include AISIN Seiki Co., Ltd., Akebono Brake Industry Co., Ltd., BorgWarner Inc., Brembo S.p.A., Continental AG, Denso Corporation, Disc Brakes Australia, dSPACE GmbH, Eaton Corporation PLC, EBC Brakes, Haldex AB, Hilliard Corporation, Hitachi Astemo, Ltd., Jiangxi Lichang Auto Parts Co., Ltd., Knorr-Bremse AG, Mando Corp., Midwest Brake, Performance Friction Corp., Robert Bosch GmbH, Schaeffler AG, Shandong Alltour Automotive Co., Ltd., Sundaram Brake Linings Ltd, VALEO SA, Xiamen ECO Import and Export Co.,Ltd, ZF Friedrichshafen AG, and Zhejiang Great Science & Technology Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Automotive Brake System Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Technology
• Antilock Braking System
• Electronic Brake-force Distribution
• Electronic Stability Control
• Traction Control System
• Brake Type
• Disc Brake
• Drum Brake
• Vehicle Type
• Commercial Vehicles
• Passenger Vehicles
• Distribution
• Aftersales
• Original Equipment Manufacturer
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year