Automotive Brake Systems Market Size & Forecast Report, 2014 - 2025

Global Automotive Brake Systems Market is predicted to reach USD 31.11 billion by 2025 owing to the increasing vehicle production due to the growing demand from consumers. Automotive brake systems are technologies that combine brake controls and sensors to avoid high-speed road accidents. Some automotive brake systems are designed to simply reduce the speed of vehicles before hitting a roadblock while some brake systems completely avert the mishaps. Since high-speed collisions are more dangerous than low-speed collisions, automotive braking systems save lives and reduce vehicle damage during a mishap.

Most systems offer braking support to the driver while others adeptly activate the brakes with no driver input. Other factors like government regulations on reducing stopping distances, the New Car Assessment Program (NCAP), safety rating certifications, and instructions on the installation of electronic brake systems are increasing the demand for disc brakes and other automatic brake systems.

The automotive brake systems market comprises disc brakes and drum brakes. The disc brakes include a rotor or a disc, disc brake pads, a caliper assembly, wheel bearings, and the hardware required to organize the components on the vehicle. The master cylinders are connected to the caliper through tubes, valves, and hoses that conduct brake fluid via the system. The drum brakes include a drum and backing plate, an axle assembly or a hub, wheel cylinder, wheel bearings, brake shoes, and hardware required to organize these components on the vehicle. The master cylinder is connected to the wheel cylinder via tubes, valves, and hoses that conduct brake fluid via the system.

The ever-growing demand and successive production of vehicles are regarded as major drivers for the rising demand for automotive brakes. Additionally, the rising governmental obligations concerning the improvement of vehicle safety are intensely contributing to the growth of the market. However, the high cost of enhanced technology of EBS (Electronic Brake Systems) as compared to the very common hydraulic brakes is a major obstacle in the growth of the market. Currently, the automotive industry across the globe has presented positive signs of recovery recently. The purchase of semi-luxury and luxury high-performance vehicles has grown considerably in the past years. Consequently, the demand for an efficient brake system for vehicles like passenger cars, heavy & light commercial vehicles, and the two-wheelers is continuously on the rise. This in turn is expected to contribute largely to the growth of the automotive brake systems market in the forecast period.

Global Automotive Brake System Market is classified based on brake type, technology, application, and geography. Based on brake type, the market is segmented as drum brake and disc brake. The disc brake is predicted to dominate the market owing to the increasing safety regulations by the government. Based on technology, the automotive brake system market is divided into ABS (Anti-lock Braking System), TCS (Traction Control System), ESC (Electronic Stability Control), and others. The traction control system is predicted to dominate the automotive brake systems market in the forecast period due to the increasing technology in the brake systems.

Geographically, the automotive brake system industry can be segmented as North America, Asia Pacific, Europe, RoW (rest of the world). The Asia Pacific is expected to hold a larger share of the automotive brake systems market due to the growing demand for passenger cars and commercial vehicles from emerging regions like China and India. In terms of revenue of the industry, China is predicted to dominate the automotive brake systems market in near future followed by Japan, Europe, and North America.

The key players actively involved in the automotive brake systems market are Akebono Brake Industry Co., ZF Friedrichshafen AG, Aisin Seiki, Continental AG, Brembo SpA, Knorr-Bremse AG, Knorr-Bremse AG, Robert Bosch GmbH, Wabco Holdings Inc, and Mando Corporation.

Market Segment:

Type Outlook (Revenue, USD Million; 2014 - 2025)
    • Disc Brake
    • Drum Brake

Vehicle Type Outlook (Revenue, USD Million; 2014 - 2025)
    • Passenger Cars
    • Commercial Vehicles

Technology Outlook (Revenue, USD Million; 2014 - 2025)
    • ABS
    • TCS
    • ESC
    • EBD

Regional Outlook (Revenue, USD Million; 2014 - 2025)
    • North America
        • the U.S.
        • Mexico
        • Canada
    • Europe
        • the UK
        • Germany
    • the Asia Pacific
        • China
        • India
        • Japan
    • South America
        • Brazil