Automotive brake system market is anticipated to grow at a CAGR of 5.3% during the forecast period (2024-2031). Automotive braking system refers to the components required to stop a motor vehicle including the braking pedal, brake rotors, calipers, master cylinder, brake fluid, and brake lines. The increasing demand for advanced safety features is one of the key drivers for the market growth. Some of the features include blind spot detection, lane assist, ABS, ESC, and others. These technologies helps in minimizing stopping distances.
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The global automotive brake system market is segmented on the brake type, technology, and vehicle type. Based on the brake type, the market is sub-segmented into drum brakes and disc brakes. Based on the technology, the market is sub-segmented into ABS, ESC, EBD, and others. Further, based on vehicle type the market is sub-segmented into commercial and passenger vehicles.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Automotive Brake System Market by Brake Type
- Drum Brakes
- Disc Brakes
Global Automotive Brake System Market by Technology
- Anti-Lock Braking System (ABS)
- Electronic Stability Control (ESC)
- Electronic Brake-Force Distribution (EBD)
- Others (Traction Control System (TCS), Regenerative Braking System)
Global Automotive Brake System Market by Vehicle Type
- Commercial Vehicles
- Passenger Vehicles
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ADVICS Co., Ltd.
- Akebono Brake Industry Co., Ltd.
- Aptiv
- Brembo S.p.A.
- Dana Inc.
- Delphi
- Denso Corp.
- Haldex Group
- Hanon Systems
- Hitachi Astemo, Ltd.
- HL Mando Corp.
- Marelli Holdings Co., Ltd.
- TMD Friction Services GmbH
- Valeo
- Webasto Group
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive brake system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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