Global Automotive Brake Market Growth 2023-2029

Global Automotive Brake Market Growth 2023-2029

A typical automotive brake system or braking system comprises of a brake device having different components, which are used for slowing or stopping down a vehicle. More precisely, these devices decrease or stop the speed of a moving or rotating body by absorbing kinetic energy mechanically or electrically.

LPI (LP Information)' newest research report, the “Automotive Brake Industry Forecast” looks at past sales and reviews total world Automotive Brake sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Brake sales for 2023 through 2029. With Automotive Brake sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Brake industry.

This Insight Report provides a comprehensive analysis of the global Automotive Brake landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Brake portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Brake market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Brake and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Brake.

The global Automotive Brake market size is projected to grow from US$ 8139.4 million in 2022 to US$ 9675.2 million in 2029; it is expected to grow at a CAGR of 9675.2 from 2023 to 2029.

China, Europe and North America are still the major suppliers of brake system. These traditional powerful manufacturing companies, all these companies have advanced technology, which bring them large market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Brake market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Disc Brakes
Drum Brakes

Segmentation by application
Passenger Vehicle
Commercial Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ZF
Aisin
Akebono Brake Industry
CBI
Continental
Nissin Kogyo
Mando
APG
Knorr-Bremse
Wabco
XinYi
Shandong Aoyou

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Brake market?

What factors are driving Automotive Brake market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Brake market opportunities vary by end market size?

How does Automotive Brake break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.