Automotive Brake Systems Market Size, Share & Industry Analysis, By Brake Type (Disc Brake, Drum Brake), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), By Technology (Anti-Lock Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TCS)) And Regional Forecast, 2024-2032

A brake is a mechanical system that slows down motion by consuming energy from a moving body. It is generally used to stop or slow down a moving vehicle, axle, and wheels; these functions are typically performed on the principle of friction. The automotive brake system market is anticipated to record considerable growth over the forecast period because the automotive industry has an ever-increasing future ahead of it in both the economies developed and emerging. The increase in safety concerns has led to several government norms that lay down the strategy and guidelines pertaining to vehicular safety. The growth in the automotive brake system market is directly correlated to that of the demand and requirement for passenger cars and commercial vehicles. Furthermore, new technological developments such as the introduction of ABS and regenerative braking have become key systems in the last decade.

Brakes that function to slow down a vehicle should not be too weak as well as should not be too efficient, so as to avoid severe effects of sudden braking. Some of the Type of brakes includes disc brakes and drum brakes. A disc brake is made up of iron cast or of carbon-carbon & ceramic -matrix complex and is joined to the revolving wheel. To stop the wheel, there is frictional material, which is in the form of brake pads. These brake pads are forced alongside both sides of the discs, creating friction and finally slowing down or stopping the wheel. A drum brake is a conventionally used brake in which resistance is achieved by a set of pads, often called shoes, that force against a revolving drum-shaped part known as a brake drum. Some of the factors, including a rise in demand for safety features in automobiles and advancements in technology in safety features, is predictable to drive the growth of the automotive brake system market. Additionally, strict government regulations for vehicle safety drive the growth of the market. However, high setting up and maintenance costs are anticipated to hamper the growth of the market.

Market Segmentation:

The automotive brake systems market can be segmented by brake type, by vehicle type, by technology, and by region.  Based on brake type, the market is sub-segmented into disk brake and drum brake. The disc brake segment is anticipated to account for the largest market share, and it is anticipated to grow with a steady CAGR over the forecast period. Disc brakes provide great stopping power compared to drum brakes, and they don't heat the rim, which prevents tire blowouts and provides precise braking. These are some of the major factors driving the growth of this segment. Based on vehicle type, the market is sub-segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Commercial vehicles are estimated to dominate the market during the forecast period. The increased sales of light commercial vehicles combined with the adoption of disc brakes drive the growth of the market. Based on technology, the market is sub-segmented into an anti-lock braking system (ABS), Electronic Stability Control (ESC), Traction Control System (TCS), Electronic Brake-Force Distribution (EBD). The electronic stability control technology segment accounted for the largest market share, and it is expected to dominate the market during the forecast period. Several regulatory bodies around the world, such as Europe and North America, have made the installation of ESC compulsory. ESC system applies brakes to individual wheels of the car, which helps in reducing the engine power to allow complete driver control in a vehicle. These are some of the major factors driving th growth of the market.

Key Players:

Some of the prominent players in global Automotive brake systems market are Aisin Seiki Co., Ltd., Autoliv Inc., Continental AG, Delphi Technologies, Denso Corporation, Nissin Kogyo Co., Ltd, Robert Bosch GmbH, WABCO, ZF Friedrichshafen AG, and other competitors in the market holds major automotive brake system market share.

Key Insights

• New Advancements in Automotive Brake Systems Market


• Segmentation of Automotive Brake Systems Market


• New Products and Key Players.

Regional Analysis:

Geographically, the market is segmented into Asia Pacific, Europe, America, and Rest of the World. Asia-Pacific is anticipated to dominate the market during the forecast period. The major factors influencing the market's growth are the increase in demand for light commercial vehicles in countries such as India and China. Europe accounted for a significant market share in the year 2020, and it is anticipated to grow steadily over the forecast period. The increase in safety concerns of the drivers and the presence of major market players such as Continental AG and Robert Bosch GmbH are expected to drive the growth of the market. North America is expected to grow steadily over the forecast period. The major factors such as the increased focus of regulatory bodies to implement ESC systems in the vehicles and the increase in vehicle production because of the growing demand are expected to influence the growth of the market.

Segmentation