Automotive Brake System Market Comprehensive Analysis and Forecast 2024 to 2030

Markntel Advisors’ report, Automotive Brake System Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Automotive Brake System presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Automotive Brake System Market Research Report & Market Summary:

The Global Automotive Brake System Market size was valued at USD 23.25 billion in 2023 and is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30. The market is poised for growth, driven by several key factors like stringent safety regulations aimed at enhancing vehicle safety standards & compelling automotive manufacturers to invest in advanced brake systems. Additionally, individuals nowadays prefer to purchase high-end and luxury vehicles equipped with advanced braking systems. Therefore, the automakers are incorporating the barking systems based on the advanced technologies within their vehicle models, augmenting the Global Automotive Brake System market.

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Automotive Brake System Market Dynamics:

Key Driver-

Increasing Adoption of ABS by Automotive Manufacturers to Amplify Market Growth – Road Accidents are common in several regions and these accidents are one of the leading causes of deaths across the globe. Based on a survey by the World Health Organization (WHO), every year more than 1 million individuals die due to road accidents. These accidents are majorly caused by overspeeding & vehicle component failure. Therefore, it has become of utmost importance for individuals to look for vehicles that ensure safety. As a result, several automotive manufacturers are increasingly adopting automotive brake systems since these barking systems provide better performance than conventional brakes. In addition, these accidents impact the individuals economically & emotionally. Therefore, the governing authorities are encouraging automotive manufacturers to adopt technologically advanced systems that ensure the safety of individuals. Therefore, the automakers are increasingly incorporating these advanced brakes within their vehicles, enhancing the Global Automotive Brake System market.

In addition, the awareness among consumers regarding their own safety is also generating the demand for vehicles equipped with these advanced systems. Therefore, to cater to this growing demand, automakers would continue to install these brakes into their newly launched & existing vehicle modes, uplifting the Global Automotive Brake System market in foreseen years as well.

Automotive Brake System Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Brake Type

Disc Brakes- Market Size & Forecast 2019-2030, (USD Million)
Drum Brakes- Market Size & Forecast 2019-2030, (USD Million)
Hydrostatic Brakes- Market Size & Forecast 2019-2030, (USD Million)
Hydraulic Wet Brakes- Market Size & Forecast 2019-2030, (USD Million)
Dynamic Brakes- Market Size & Forecast 2019-2030, (USD Million)
Others- Market Size & Forecast 2019-2030, (USD Million)

By Technology

Anti-lock Braking System (ABS)- Market Size & Forecast 2019-2030, (USD Million)
Electronic Stability Control (ESC)- Market Size & Forecast 2019-2030, (USD Million)
Traction Control System (TCS)- Market Size & Forecast 2019-2030, (USD Million)
Electronic Brakeforce Distribution (EBD)- Market Size & Forecast 2019-2030, (USD Million)
Automatic Emergency Braking (AEB)- Market Size & Forecast 2019-2030, (USD Million)

By Vehicle Type

Passenger Cars- Market Size & Forecast 2019-2030, (USD Million)
Light Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)
Trucks- Market Size & Forecast 2019-2030, (USD Million)
Buses- Market Size & Forecast 2019-2030, (USD Million)

The Passenger Car brake systems segment is poised to dominate the Automotive Brake System Market, holding the largest market share during the forecast period.

By Actuation Type

Hydraulic- Market Size & Forecast 2019-2030, (USD Million)
Pneumatic- Market Size & Forecast 2019-2030, (USD Million)

By Component

Master Cylinders- Market Size & Forecast 2019-2030, (USD Million)
Brake Pads- Market Size & Forecast 2019-2030, (USD Million)
Brake Shoes- Market Size & Forecast 2019-2030, (USD Million)
Brake Calipers- Market Size & Forecast 2019-2030, (USD Million)
Brake Disc Rotors- Market Size & Forecast 2019-2030, (USD Million)

By Electric Vehicle Type

Battery EVs- Market Size & Forecast 2019-2030, (USD Million)
Plug-in Hybrid EVs- Market Size & Forecast 2019-2030, (USD Million)

Of them all, battery EVs hold the dominant market share in the Global Automotive Brake System market. In recent years, individuals have become more aware of the carbon emissions caused by their lifestyle choices due to which they are transitioning towards electric vehicles.

By Application

Agricultural Tractors- Market Size & Forecast 2019-2030, (USD Million)
Construction Equipment- Market Size & Forecast 2019-2030, (USD Million)
Mining Equipment- Market Size & Forecast 2019-2030, (USD Million)

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific.

The Asia-Pacific Automotive Brake System Market is poised to lead the industry in the forecast years, primarily driven by robust production figures in both light and heavy-duty vehicle segments.

As indicated in the latest market research report published by Markntel Advisors, “Automotive Brake System Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Automotive Brake System industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/automotive-brake-system-market.html

Top Companies Operating in the Automotive Brake System Market:

Continental Ag
Robert Bosch Gmbh
Zf Friedrichshafen Ag
Akebono Brake Industry Co., Ltd.
Brembo S.P.A
Aisin Seiki Co., Ltd.
Hitachi Astemo Ltd.
Knorr-Bremse Ag
Haldex Ab
Denso Corporation
Mando Corporation
Hyundai Mobis Co., Ltd.
Wuhan Youfin Auto Parts Co., Ltd.
Bethel Automotive Safety System Co., Ltd. (WBTL)
Beringer

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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