Automotive Braking System Market Size, Share, Opportunities, And Trends By Brake Type (Disc Brakes, Drum Brakes), By System Type (Hydraulic, Electromagnetic, Air/Pneumatic), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), And By Geography - Forecasts From 2025 To 2030
- Published : Nov 2024
- Report Code : KSI061611991
- Pages : 145
The automotive braking system market is expected to grow at a CAGR of 3.32%, reaching a market size of US$45.546 billion in 2030 from US$38.681 billion in 2025.
It is expected that developing countries, such as China and India, will witness a significant growth in the need for passenger and commercial cars; hence, automotive brake systems will be in higher demand here. Additionally, the market is being pushed by drivers, such as strict safety rules and the increasing use of disc brakes on cars used by the wealthy and commercial trucks. Moreover, the life of a brake is restricted to a definite length of distance covered, giving rise to an enormous demand for substitutes.
With the rising fatality rates and concerns about road crashes, participants are increasingly incorporating intensive safety strategies. Mechanisms for the stoppage of cars are predicted to witness more growth due to the strict safety standards set by governments and regulatory agencies. The United States Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) made it obligatory for cars to have auto braking systems starting in 2022.
Automotive Braking System Market Drivers
- Rising demand for advanced technology
Automotive braking systems have recently become very popular because of the increasing need for advanced technology brakes in commercial and passenger vehicles. There has been a rising number of worldwide traffic accidents, forcing countries and the international community to come up with stringent safety regulations. This created a high demand for modern braking technologies such as Anti-lock Braking Systems (ABS). Automobile manufacturers are rapidly implementing ABS due to government mandates. Furthermore, by the end of 2020, 40 members of the United Nations Economic Commission for Europe (UNECE) agreed to make Automatic Emergency Braking (AEB) systems mandatory for automobiles. The previously mentioned elements are anticipated to fuel market expansion.
- High demand for disc brakes
Disc brake applications have increased dramatically in recent years. The ability of disc brakes to function in inclement weather without overheating or fading is credited with their growth. This segment is growing faster due to its compatibility with other advanced systems. Drum brakes use circular parts called brake shoes and an enclosed design to generate the friction required to reduce speed. On the other hand, disc brakes halt wheel movement with a caliper and a narrow rotor. Thus, performance is negatively impacted. Automakers prefer to use drums because they are more economical, even though disc-based systems have greater stopping power than drum-based systems.
- The rising number of passenger cars
The number of passenger cars is rising due to urbanization, disposable income, and population growth. Manufacturers typically design more safety features into braking systems to increase their efficiency. The primary market share and growth of passenger cars are primarily influenced by the Advanced Driver Assistance System (ADAS). Additionally, rising ADAS costs are anticipated to impact the brake systems market because, throughout the forecast period, more cars, motorcycles, and other vehicles will need electromagnetic induction braking systems. Similarly, numerous manufacturers are creating braking system iterations to provide more stopping power across various terrains. Due to the manufacturers' emphasis on minimizing the brake system's weight, high-performance, lighter braking systems are now available.
- High demand for road safety
Strict safety regulations enforced by the government and regulatory bodies have spurred the market's global expansion. The number of traffic accidents appears to be declining as smart braking systems become more prevalent in the automotive brake system market. The latest developments, which prevent cars from skidding, decrease the risk of accidents. The market is anticipated to grow significantly due to the rapid increase in vehicle production and sales and the stringent laws governing stopping distance.
The market for automotive brake systems is projected to grow due to the demand for passive and active safety features installed in cars. Market companies are engaged in the development of research and development aimed at introducing new technologies, along with the introduction of innovative and improved systems. The growing popularity of electric vehicles and the growing focus on autonomous vehicles are expected to boost manufacturing companies' potential for commercial growth. The top 20 automakers have committed to ensuring that all new cars come equipped with automatic emergency braking (AEB), as have the NHTSA (National Highway Traffic System Administration) and Insurance Institute of Highway Safety.
Automotive Braking System Market Geographical Outlook
- Asia Pacific is witnessing exponential growth during the forecast period.
The Asia-Pacific market for automotive braking systems and vision processors is anticipated to present lucrative development opportunities. The demand in this region is ascribed to the existence of several AI processor start-ups, which will probably present VPU companies with substantial growth opportunities in the forecast period. Major drone manufacturers reside in this area together with intelligent camera suppliers who integrate VPUs into their products. Growth in machine vision systems usage and numerous vertical industries driven by consumer electronics and automotive have propelled the automotive braking system/ vision processor markets. Additionally, AI and machine learning technologies, which are fundamental to system programming, will most likely contribute to business growth.
Automotive Braking System Market key launches
- November 2024: Master Freios signed a deal to buy UK-based European Braking Systems (EBS) for £56 million, or approximately R$ 410 million. The acquisition was finalized on October 17, 2024, through Master Freios, a joint venture between Randoncorp and Cummins, marking an important step in the expansion of its international presence. It operates in more than 100 countries and is a key distributor of brake systems and should improve Master Freios's market share and product availability in Europe, thus expanding its aftermarket revenue.
- April 2024: GvW has helped BWI Group form a strategic partnership with thyssenkrupp to improve braking systems for autonomous driving. The partnership focuses on the integration of advanced braking technologies that are very crucial for the safety and efficiency of an autonomous vehicle. Thyssenkrupp's capabilities in steer-by-wire systems and vehicle motion control complement BWI Group's capabilities, aiming to create innovative solutions that meet the demands of future mobility. This partnership is likely to accelerate the development of automated driving technology, with better performance and safety standards.
- February 2024: AEQUITA SE & Co. KGaA has acquired the Brake Components business from Robert Bosch GmbH, which includes Buderus Guss GmbH and Robert Bosch Lollar Guss GmbH. This strategic acquisition focuses on the production of coated high-performance brake discs for leading OEMs and involves approximately 900 employees across three German locations. AEQUITA uses this acquisition to improve its capabilities in the automotive sector and push innovations in brake manufacturing.
Segmentation:
- By Brake Type
- Disc Brakes
- Drum Brakes
- By System Type
- Hydraulic
- Electromagnetic
- Air/Pneumatic
- By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Iran
- Turkey
- South Africa
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
- North America
Frequently Asked Questions (FAQs)
The automotive braking system market is expected to reach a total market size of US$44.173 billion by 2029.
Automotive Braking System Market was valued at US$34.741 billion in 2022.
The global automotive braking system market is expected to grow at a CAGR of 3.49% over the forecast period.
The major factor anticipated to drive the automotive braking system market growth is the increasing demand for advanced safety features, such as anti-lock braking systems (ABS) and electronic stability control (ESC), which enhance vehicle safety and performance.
Asia Pacific is anticipated to hold the largest share of the automotive braking system market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. AUTOMOTIVE BRAKING SYSTEM MARKET, BY BRAKE TYPE
5.1. Introduction
5.2. Disc Brake
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Drum Brake
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
6. AUTOMOTIVE BRAKING SYSTEM MARKET, BY SYSTEM TYPE
6.1. Introduction
6.2. Hydraulic
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Electromagnetic
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Air/Pneumatic
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
7. AUTOMOTIVE BRAKING SYSTEM MARKET, BY VEHICLE TYPE
7.1. Introduction
7.2. Passenger Vehicles
7.2.1. Market Trends and Opportunities
7.2.2. Growth Prospects
7.2.3. Geographic Lucrativeness
7.3. Commercial Vehicles
7.3.1. Market Trends and Opportunities
7.3.2. Growth Prospects
7.3.3. Geographic Lucrativeness
8. AUTOMOTIVE BRAKING SYSTEM MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Brake Type
8.2.2. By System Type
8.2.3. By Vehicle Type
8.2.4. By Country
8.2.4.1. USA
8.2.4.1.1. Market Trends and Opportunities
8.2.4.1.2. Growth Prospects
8.2.4.2. Canada
8.2.4.2.1. Market Trends and Opportunities
8.2.4.2.2. Growth Prospects
8.2.4.3. Mexico
8.2.4.3.1. Market Trends and Opportunities
8.2.4.3.2. Growth Prospects
8.3. South America
8.3.1. By Brake Type
8.3.2. By System Type
8.3.3. By Vehicle Type
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.1.1. Market Trends and Opportunities
8.3.4.1.2. Growth Prospects
8.3.4.2. Argentina
8.3.4.2.1. Market Trends and Opportunities
8.3.4.2.2. Growth Prospects
8.3.4.3. Others
8.3.4.3.1. Market Trends and Opportunities
8.3.4.3.2. Growth Prospects
8.4. Europe
8.4.1. By Brake Type
8.4.2. By System Type
8.4.3. By Vehicle Type
8.4.4. By Country
8.4.4.1. Germany
8.4.4.1.1. Market Trends and Opportunities
8.4.4.1.2. Growth Prospects
8.4.4.2. France
8.4.4.2.1. Market Trends and Opportunities
8.4.4.2.2. Growth Prospects
8.4.4.3. United Kingdom
8.4.4.3.1. Market Trends and Opportunities
8.4.4.3.2. Growth Prospects
8.4.4.4. Spain
8.4.4.4.1. Market Trends and Opportunities
8.4.4.4.2. Growth Prospects
8.4.4.5. Others
8.4.4.5.1. Market Trends and Opportunities
8.4.4.5.2. Growth Prospects
8.5. Middle East and Africa
8.5.1. By Brake Type
8.5.2. By System Type
8.5.3. By Vehicle Type
8.5.4. By Country
8.5.4.1. Iran
8.5.4.1.1. Market Trends and Opportunities
8.5.4.1.2. Growth Prospects
8.5.4.2. Turkey
8.5.4.2.1. Market Trends and Opportunities
8.5.4.2.2. Growth Prospects
8.5.4.3. South Africa
8.5.4.3.1. Market Trends and Opportunities
8.5.4.3.2. Growth Prospects
8.5.4.4. Others
8.5.4.4.1. Market Trends and Opportunities
8.5.4.4.2. Growth Prospects
8.6. Asia Pacific
8.6.1. By Brake Type
8.6.2. By System Type
8.6.3. By Vehicle Type
8.6.4. By Country
8.6.4.1. China
8.6.4.1.1. Market Trends and Opportunities
8.6.4.1.2. Growth Prospects
8.6.4.2. Japan
8.6.4.2.1. Market Trends and Opportunities
8.6.4.2.2. Growth Prospects
8.6.4.3. South Korea
8.6.4.3.1. Market Trends and Opportunities
8.6.4.3.2. Growth Prospects
8.6.4.4. India
8.6.4.4.1. Market Trends and Opportunities
8.6.4.4.2. Growth Prospects
8.6.4.5. Others
8.6.4.5.1. Market Trends and Opportunities
8.6.4.5.2. Growth Prospects
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Akebono Brake Industry Co.
10.2. Continental AG
10.3. Federal-Mogul Holding Co
10.4. Disc Brakes Australia
10.5. HellaPagid GmbH
10.6. ZF Friedrichshafen AG
10.7. Carlisle Brakes and Friction
10.8. PFC brakes
10.9. Brembo S.P.A
Akebono Brake Industry Co.
Continental AG
Federal-Mogul Holding Co
Disc Brakes Australia
ZF Friedrichshafen AG
Carlisle Brakes and Friction
PFC brakes
Brembo S.P.A
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