Automotive Brake System Market Report by Type (Disc Brakes, Drum Brakes), Component (Master Cylinder, Brake Pad, Calipers, Disc, Vacuum Servo Brake, Brake Drums, and Others), Technology (Anti-Lock Braking System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), Electronic Brake Force Distribution (EBD)), Vehicle Type (Passenger Cars, Commercial Vehicles), Sales Channel (Original Equipment Manufacturers (OEMs), Aftermarket), and Region 2024-2032
The global automotive brake system market size reached US$ 49.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 73.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.47% during 2024-2032.
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:
IMARC Group 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. Our 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?
- 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
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