Brake System Market Report: Trends, Forecast and Competitive Analysis to 2030

Brake System Market Report: Trends, Forecast and Competitive Analysis to 2030

Brake System Trends and Forecast

The future of the global brake system market looks promising with opportunities in the passenger car and commercial vehicle markets. The global brake system market is expected to reach an estimated $33.4 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are enforcement of rigorous safety regulations, embrace of high-end vehicles, and the growing utilization of disc brakes in the commercial vehicle sectors.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Brake System by Segment

The study includes a forecast for the global brake system by product, technology, vehicle type, and region.

Brake System Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Disc Brake
• Drum Brake

Brake System Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Anti- lock Brake System (ABS)
• Traction Control System (TCS)
• Electronic Stability Control (ESC)
• Electronic Brake- Force Distribution (EBD)

Brake System Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Commercial Vehicles

Brake System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Brake System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies brake system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the brake system companies profiled in this report include-

• Advics
• ZF Friedrichshafen
• Akebono Brake Industry
• Hitachi Automotive System
• Brembo
• Robert Bosch
• Aisin Seiki
• Haldex

Brake System Market Insights

Lucintel forecasts that anti-lock brake system (ABS) is expected to witness highest growth over the forecast period due to proactive initiatives undertaken by various automotive organizations to ensure the compulsory implementation of ABS in crucial markets, as well as, recognized advantages in restoring vehicle stability during emergencies.

APAC is expected to witness highest growth over the forecast period due to the presence of affordable labor and readily available raw materials, as well as, companies in the area provide substantial cost advantages in this region.

Features of the Global Brake System Market

Market Size Estimates: Brake system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Brake system market size by product, technology, vehicle type, and region in terms of value ($B).

Regional Analysis: Brake system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product, technology, vehicle type, and regions for the brake system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the brake system market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the brake system market size?

Answer: The global brake system market is expected to reach an estimated $33.4 billion by 2030.

Q.2 What is the growth forecast for brake system market?

Answer: The global brake system is expected to grow with a CAGR of 4.6% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the brake system market?

Answer: The major drivers for this market are enforcement of rigorous safety regulations, embrace of high-end vehicles, and the growing utilization of disc brakes in the commercial vehicle sectors.

Q4. What are the major segments for brake system market?

Answer: The future of the brake system market looks promising with opportunities in the passenger car and commercial vehicle markets.future of the global brake system market looks promising with opportunities in the passenger car and commercial vehicle markets.

Q5. Who are the key brake system market companies?

Answer: Some of the key brake system companies are as follows:

• Advics
• ZF Friedrichshafen
• Akebono Brake Industry
• Hitachi Automotive System
• Brembo
• Robert Bosch
• Aisin Seiki
• Haldex

Q6. Which brake system market segment will be the largest in future?

Answer: Lucintel forecasts that anti- lock brake system (ABS) is expected to witness highest growth over the forecast period due to proactive initiatives undertaken by various automotive organizations to ensure the compulsory implementation of ABS in crucial markets, as well as, recognized advantages in restoring vehicle stability during emergencies.

Q7. In brake system market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to the presence of affordable labor and readily available raw materials, as well as, companies in the area provide substantial cost advantages in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the brake system market by product (disc brake and drum brake), technology (anti- lock brake system (ABS), traction control system (TCS), electronic stability control (ESC), and electronic brake- force distribution (EBD)), vehicle type (passenger cars and commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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