Global Automotive Braking System Market to Reach US$36.9 Billion by 2030
The global market for Automotive Braking System estimated at US$27.8 Billion in the year 2024, is expected to reach US$36.9 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2024-2030. Antilock Braking System (ABS), one of the segments analyzed in the report, is expected to record a 4.6% CAGR and reach US$12.8 Billion by the end of the analysis period. Growth in the Traction Control System (TCS) segment is estimated at 3.9% CAGR over the analysis period.
The U.S. Market is Estimated at US$7.3 Billion While China is Forecast to Grow at 7.2% CAGR
The Automotive Braking System market in the U.S. is estimated at US$7.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.0 Billion by the year 2030 trailing a CAGR of 7.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Global Automotive Braking System Market - Key Trends & Drivers Summarized
Why Are Automotive Braking Systems Crucial for Vehicle Safety?
Automotive braking systems are the most critical safety feature in any vehicle, providing drivers with the ability to control and stop the vehicle when necessary. Modern braking systems are far more advanced than traditional hydraulic brakes, incorporating technologies like anti-lock braking systems (ABS), electronic stability control (ESC), and automatic emergency braking (AEB) to enhance vehicle safety. As vehicles become more powerful and faster, the importance of high-performance braking systems has grown, particularly in reducing stopping distances and preventing accidents. With road safety regulations becoming increasingly stringent, automotive braking systems are evolving to meet new performance standards.
How Are Advancements in Technology Shaping the Automotive Braking System Market?
Technological innovations are transforming the automotive braking system market, making braking systems more efficient, responsive, and integrated with other vehicle systems. Electronic braking systems, such as brake-by-wire, are replacing traditional mechanical linkages with electronic controls, offering faster and more precise braking response. Regenerative braking systems, particularly in electric vehicles (EVs), are becoming a key focus for automakers, as these systems recover energy during braking to improve overall vehicle efficiency. Additionally, the integration of advanced driver assistance systems (ADAS) with braking systems, such as automatic emergency braking (AEB) and collision avoidance, is significantly enhancing vehicle safety and performance.
What Regulatory Standards Drive the Adoption of Automotive Braking Systems?
Regulatory frameworks are critical in driving the adoption of advanced automotive braking systems, particularly as governments push for improved road safety. In many regions, ABS and ESC are mandatory in all new vehicles, with the European Union and the United States leading the charge in enforcing these standards. Automatic emergency braking (AEB) is also becoming a required feature in many countries, as it plays a key role in reducing rear-end collisions. These regulatory requirements are pushing automakers to adopt more sophisticated braking technologies, ensuring compliance and improving the overall safety of vehicles on the road.
What Factors Are Driving the Growth of the Automotive Braking System Market?
The growth in the automotive braking system market is driven by several factors, including the increasing emphasis on vehicle safety, the rising production of electric and hybrid vehicles, and the growing demand for advanced driver assistance systems (ADAS). As safety regulations become more stringent, automakers are incorporating features such as ABS, ESC, and AEB as standard in their vehicles. The shift toward electric vehicles is also creating new demand for regenerative braking systems, which help improve energy efficiency and extend vehicle range. Additionally, the rise of autonomous driving technologies, which rely heavily on precise and reliable braking systems, is contributing to the market’s expansion.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!
APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
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.Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook