Global Vehicle Brake System Market Growth 2023-2029

Global Vehicle Brake System Market Growth 2023-2029

The global Vehicle Brake System market size is projected to grow from US$ 608.6 million in 2022 to US$ 1339.5 million in 2029; it is expected to grow at a CAGR of 11.9% from 2023 to 2029.

United States market for Vehicle Brake System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Vehicle Brake System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Vehicle Brake System is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Vehicle Brake System players cover ZF, Bosch, REMSA, JURID, TEXTAR, AKEBONO, Wuhan Yuanfeng Automotive Electronic Control System Co., Ltd., SAIC Brake and Jilin Dongguang Aowei Automobile Braking System Co., Ltd., etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

The car braking system is a series of special devices to slow down or stop a moving car, or keep a car running downhill at a stable speed, and to keep a stopped car stable.

The key system to ensure the safety of automobile driving. According to the function of the automobile braking system, it can be divided into driving braking system, parking braking system, emergency braking system, auxiliary braking system, specific analysis

as follows:

(1) Service braking system: a braking system used to slow down or even stop a moving vehicle;

(2) Parking brake system: a braking system that keeps a stopped vehicle in place;

(3) Emergency braking system: In the case of failure of the service braking system, the braking system that ensures that the vehicle can still decelerate or stop is called the emergency braking system;

(4) Auxiliary braking system: During the driving process, the auxiliary driving braking system reduces the speed of the vehicle or keeps the speed stable, but the braking system for emergency braking of the vehicle cannot be called the auxiliary braking system.

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

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

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

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

Market Segmentation:

Segmentation by type
Service Brake System
Parking Brake System
Emergency Brake System
Auxiliary Brake System

Segmentation by application
Diesel Vehicles
Petrol Vehicles
New Energy Vehicles

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
Bosch
REMSA
JURID
TEXTAR
AKEBONO
Wuhan Yuanfeng Automotive Electronic Control System Co., Ltd.
SAIC Brake
Jilin Dongguang Aowei Automobile Braking System Co., Ltd.
Zhejiang Zhengde Brake Co., Ltd.
Wuhu Bethel Automotive Safety System Co., Ltd.
Zongshen Industry Group Co., Ltd.

Key Questions Addressed in this Report

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

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

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

How do Vehicle Brake System market opportunities vary by end market size?

How does Vehicle Brake System 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.