Market Overview:
The global automotive brake system and components market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. The disc brake segment is expected to account for a major share of the global automotive brake system and components market in 2018. This can be attributed to its high efficiency, longer life span, low maintenance cost, and easy installation. The drum brake segment is anticipated to register highest CAGR over the forecast period owing to its low manufacturing cost as compared with other types of brakes available in the market. Passenger cars are expected to account for a larger share of the global automotive brake system and components market in 2018 as compared with commercial vehicles owing rising demand for personal transportation globally.
Product Definition:
The automotive brake system is a critical safety system that stops a vehicle. The brake system consists of the brakes, brake lines, hoses, master cylinder, calipers and rotors. The brakes are used to slow or stop the vehicle by pressing on the brake pedal. Brake fluid is forced from the master cylinder through the brake lines and hoses to the calipers and rotors which apply pressure to the pads or shoes which then contact the rotor or drum causing it to stop rotating.
Disc Brake:
The disc brake market is expected to witness significant growth over the forecast period owing to its increasing usage in heavy vehicles such as trucks and buses. The growing demand for automobiles, especially in developing countries like India and China, is anticipated to drive the market growth. Additionally, stringent government regulations regarding vehicular emissions are also expected to fuel product demand over the next few years.
Drum Brake:
The drum brake is a type of hydraulic braking system that uses a heavy-duty wheel to apply the brakes. The main advantage of this system is that it can be used on any wheel diameter, unlike caliper or disc brakes, which are designed for smaller wheels. Drum Brakes are usually used in vehicles where high performance and/or luxury is required along with safety and stability such as trucks, buses or cars.
Application Insights:
The passenger car segment accounted for the largest revenue share of over 60% in 2017. The demand for automotive brake system and components is expected to increase owing to the growing sales of passenger cars. In addition, increasing penetration of premium brands in developing countries including China, India and Brazil will positively impact market growth over the forecast period.
Commercial vehicle segment is estimated to witness significant growth on account of rising government initiatives regarding improving road infrastructure across various regions coupled with an increase in investment by commercial vehicle manufacturers such as Daimler AG, Volvo AB and Ford Motor Company. Various public-private partnerships are also being considered by governments across various regions to invest funds into modernizing their transportation systems which include roads as well as railways. This will result in a rise in demand for commercial vehicles equipped with advanced safety features such as anti-lock braking system (ABS) which includes electronic stability control (ESC).
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing sales and production of vehicles in this region, especially in China, India, Japan and South Korea. The growing automotive industry has led to an increase demand for anti-lock braking systems (ABS) and electronic stability programs (ESP). Moreover, stringent government regulations regarding vehicle safety are expected to drive the regional market growth over the forecast period.
Europe accounted for a significant share owing to high demand from countries such as Germany and France coupled with stringent government regulations about vehicle safety features implemented across all major automobile manufacturers operating within this region including Volkswagen AG; BMW AG; Ford Sollers PLC; Fiat Chrysler Automobiles N.V.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Rising awareness about the importance of safety features in vehicles
- Technological advancements in brake systems and components
- Stringent government regulations for vehicle safety standards
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Brake System and Components Market Research Report
By Type
Disc Brake, Drum Brake, Others
By Application
Passenger Car, Commercial Car
By Companies
Continental, ZF, Aptiv, Valeo, Federal-Mogul Holdings, Nissin Kogyo, Bosch, Akerbono Brake Industry, Brembo, Aisin Seiki
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Brake System and Components Market Report Segments:
The global Automotive Brake System and Components market is segmented on the basis of:
Types
Disc Brake, Drum Brake, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Car
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental
- ZF
- Aptiv
- Valeo
- Federal-Mogul Holdings
- Nissin Kogyo
- Bosch
- Akerbono Brake Industry
- Brembo
- Aisin Seiki
Highlights of The Automotive Brake System and Components Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Disc Brake
- Drum Brake
- Others
- By Application:
- Passenger Car
- Commercial Car
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Brake System and Components Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The automotive brake system is a set of components that work together to stop a vehicle. The system includes the brakes, the ABS (anti-lock braking system), and the traction control.
Some of the major companies in the automotive brake system and components market are Continental, ZF, Aptiv, Valeo, Federal-Mogul Holdings, Nissin Kogyo, Bosch, Akerbono Brake Industry, Brembo, Aisin Seiki.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Brake System and Components Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Brake System and Components Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Brake System and Components Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Brake System and Components Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Brake System and Components Market Size & Forecast, 2020-2028
4.5.1 Automotive Brake System and Components Market Size and Y-o-Y Growth
4.5.2 Automotive Brake System and Components Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Disc Brake
5.2.2 Drum Brake
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Car
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Brake System and Components Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Brake System and Components Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Disc Brake
9.6.2 Drum Brake
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Car
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Disc Brake
10.6.2 Drum Brake
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Car
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Disc Brake
11.6.2 Drum Brake
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Car
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Disc Brake
12.6.2 Drum Brake
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Car
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Disc Brake
13.6.2 Drum Brake
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Car
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Brake System and Components Market: Competitive Dashboard
14.2 Global Automotive Brake System and Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 ZF
14.3.3 Aptiv
14.3.4 Valeo
14.3.5 Federal-Mogul Holdings
14.3.6 Nissin Kogyo
14.3.7 Bosch
14.3.8 Akerbono Brake Industry
14.3.9 Brembo
14.3.10 Aisin Seiki
