Global Automotive Brake Systems Market Growth (Status and Outlook) 2023-2029

Global Automotive Brake Systems Market Growth (Status and Outlook) 2023-2029

Automobile braking system refers to a series of special devices that apply a certain force to some parts of an automobile (mainly wheels) to force it to a certain extent

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

This Insight Report provides a comprehensive analysis of the global Automotive Brake Systems 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 Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Brake Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Brake Systems 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 Systems.

The global Automotive Brake Systems market size is projected to grow from US$ 18180 million in 2022 to US$ 22690 million in 2029; it is expected to grow at a CAGR of 3.2% from 2023 to 2029.

The increased use of electronic components is one of the key contributing factors for market growth

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

Market Segmentation:

Segmentation by type
Antilock Braking System (ABS)
Traction Control System (TCS)
Electronic Stability Control (ESC)
Electronic Brake-Force Distribution (EBD)

Segmentation by application
Passenger Car
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.
Aisin Seiki
Akebono Brake Industry
Autoliv
Brembo
Continental
Federal-Mogul Holdings
Haldex
Knorr-Bremse
Nissin Kogyo
Robert Bosch GmbH
WABCO
ZF Friedrichshafen

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