Automotive Braking Components

Automotive Braking Components

Global Automotive Braking Components Market to Reach US$114.4 Billion by 2030

The global market for Automotive Braking Components estimated at US$89.3 Billion in the year 2023, is expected to reach US$114.4 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2023-2030. Floating Brake Caliper Type, one of the segments analyzed in the report, is expected to record a 2.4% CAGR and reach US$69.1 Billion by the end of the analysis period. Growth in the Fixed Brake Caliper Type segment is estimated at 5.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$23.9 Billion While China is Forecast to Grow at 5.4% CAGR

The Automotive Braking Components market in the U.S. is estimated at US$23.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.2 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Global Automotive Braking Components Market - Key Trends & Drivers Summarized

Why Are Braking Components Critical in Modern Vehicles?

Automotive braking components, including brake pads, rotors, calipers, and sensors, are essential for ensuring vehicle safety by providing precise and reliable stopping power. As vehicles become faster and more powerful, the need for high-performance braking systems has increased significantly. Modern braking systems must be responsive, durable, and able to perform under a wide range of conditions, from high-speed highways to congested urban environments. The growing focus on safety and regulatory requirements, such as the mandatory inclusion of anti-lock braking systems (ABS) in many countries, has made braking components a central feature in vehicle design and development.

How Are Technological Innovations Enhancing Automotive Braking Components?

Technological advancements in braking systems are leading to more efficient, safer, and lighter components. Developments in materials science, such as the use of carbon-ceramic materials for rotors and pads, are providing higher heat resistance and longer lifespan, particularly for high-performance and electric vehicles. Additionally, electronic braking systems, including brake-by-wire technology, are being integrated into modern vehicles, offering more precise braking control and reduced mechanical wear. The rise of regenerative braking in electric vehicles is also transforming the market, as braking components are being designed to recover and store energy, enhancing both efficiency and performance.

What Regulatory Standards Affect the Automotive Braking Components Market?

Regulatory standards play a critical role in the development and adoption of automotive braking components, with safety regulations requiring that all vehicles be equipped with reliable and high-performing brakes. In Europe and North America, regulations like the Federal Motor Vehicle Safety Standards (FMVSS) and UNECE regulations mandate stringent testing and performance criteria for braking systems, including ABS and electronic stability control (ESC). These standards are continually evolving, with new requirements being added for features such as automatic emergency braking (AEB), which relies on high-quality braking components. Compliance with these regulations is essential for automakers to maintain safety standards and avoid penalties.

What Factors Are Driving the Growth of the Automotive Braking Components Market?

The growth in the automotive braking components market is driven by several factors, including increasing vehicle production, advancements in braking technology, and regulatory pressure to enhance vehicle safety. The rise of electric and hybrid vehicles, which require specialized braking components to handle regenerative braking, is contributing to the demand for advanced braking systems. Additionally, the growing popularity of high-performance vehicles is driving demand for premium braking materials such as carbon-ceramic. The implementation of new safety standards, including mandatory ABS and AEB systems, is further fueling the growth of the braking components market, as automakers look to comply with regulations and improve vehicle safety.

Select Competitors (Total 42 Featured) -

• ACDelco
• Akebono Brake Industry Co., Ltd.
• Aptiv PLC
• Brake Parts, Inc.
• Brembo SpA
• Cardone Industries, Inc.
• Centric Parts
• Continental AG
• EBC Brakes
• Honeywell International, Inc.
• Japan Brake Industrial Co., Ltd.
• Mando Corp.
• MAT Holdings, Inc.
• Nisshinbo Holdings, Inc.
• Power Stop LLC
• Robert Bosch GmbH
• Tenneco, Inc.
• TMD Friction Holding GmbH
• ZF Friedrichshafen AG

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.