- Disc Brake
- Drum Brake
Automotive Brake System Market was valued at USD 22,389.1 million in 2023 and grew at 5.8% CAGR during the forecast years (2024-2030). Automotive braking systems are essential parts of cars that use friction to convert kinetic energy into heat in order to slow down or stop the vehicle. It can be of different forms, such as hydraulic braking systems, anti-lock braking systems (ABS), and electronic brake systems (EBS), and it involves multiple components such brake pedals, cylinders, brake rotors, pads, and callipers. The braking system is an essential component of both road safety and vehicle performance since its main job is to maintain vehicle control and safety. The need for brake systems is driven by the continuous rise in vehicle manufacturing on a global scale. According to the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production reached 85 million units in 2022, creating a significant demand for advanced brake systems.
However, the development of sophisticated brake systems like ABS and EBS comes at a considerable cost, which drives up the price of cars overall. Furthermore, compared to conventional braking systems, maintaining these advanced systems is more expensive, which can put off budget-conscious customers. Whereas, there are a lot of development prospects since ADAS systems, which demand sophisticated braking mechanisms, are becoming increasingly popular. The demand from consumers for more advanced car safety features and safety laws are driving growth in the market for automated emergency braking (AEB) systems.
Automotive Brake System Market Key Developments:
- In 2022: Brembo introduced the Sensify brake system in 2022, which offers a completely customisable braking feel by fusing conventional hydraulic systems with artificial intelligence and software.
- In 2021: In order to enhance regenerative braking in electric vehicles, Continental AG, a pioneer in braking technology worldwide, introduced the MK C2 brake system in 2021.
- In 2020, ZF Friedrichshafen AG acquired WABCO, a leading global supplier of braking systems for commercial vehicles, strengthening ZF’s position in advanced braking technologies.
Automotive Brake System Market Summary
Study Period
2024-2030Base Year
2023CAGR
N/ALargest Market
North AmericaFastest Growing Market
Asia PacificAutomotive Brake System Market Dynamics
Strict government laws pertaining to automobile safety are the main force behind the automotive brake system market. To lower the amount of traffic accidents and fatalities, many nations require all vehicles to have modern braking systems like ABS, ESC, and AEB.
For instance, all new cars sold after 2014 must have Electronic Stability Control (ESC) devices installed by the European Union. In a same vein, the NHTSA in the United States mandated that all light vehicles have ABS and ESC as of 2012. Because automakers must adhere to safety regulations in order to sell their vehicles in different locations, this legislative drive guarantees a steady need for sophisticated braking systems.
Automotive Brake System Market Regional Analysis
Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. In the automotive brake system market, North America—more especially, the United States is a market leader. High car sales and strict safety requirements are the main drivers of this supremacy. The automotive industry in the United States is among the most developed, with a strong safety regulatory framework that is upheld by the NHTSA.
For instance, the number of registered vehicles in 2022 exceeded 278 million, as reported by the U.S. Department of Transportation. This number contributed to the ongoing demand for upgrades and replacements of brake systems.
Furthermore, Because of the flourishing car industries in nations like China, Japan, and India, the automotive braking system market is anticipated to grow at the fastest rate in the Asia-Pacific area. Because of increased government requirements on car safety and expanding vehicle sales, these countries are adopting new braking technologies at a rapid pace. The demand for sophisticated brake systems is being driven by the Indian government's push for AEB in passenger cars and ABS in two-wheelers. Moreover, another important market is Europe, which is motivated by stringent environmental and safety laws. Leading nations in the adoption of cutting-edge braking technologies, such as autonomous braking and regenerative braking for electric vehicles, are Germany, France, and Italy. Strict safety requirements for new cars have been set by the European New Car Assessment Programme (Euro NCAP), which mandates the adoption of AEB by 2022.
Latin America
Europe
Asia Pacific
Middle East
North America
Automotive Brake System Market Segmentation
By System Type
By Vehicle Type
- Mid-Sized Passenger Cars
- Compact Passenger Cars
- Luxury Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Premium Passenger Cars
By Technology
- Anti-Lock Braking System (ABS)
- Electronic Stability Control (ESC)
- Traction Control System (TCS)
- Electronic Brake-Force Distribution (EBD)
Frequently Asked Questions
The automotive brake system market size was valued at US$ 22,389.1 million in 2023 and is projected to grow at a significant CAGR of 5.8% by 2030.
It is a system designed to slow down or stop a vehicle by converting its kinetic energy into heat using friction.
Strict government regulations mandating the use of advanced braking systems and the increasing production of electric vehicles.
High development costs, maintenance expenses, and a shortage of skilled labor to handle advanced brake systems.
Technological advancements like regenerative braking, autonomous braking, and increasing demand in emerging economies.
Key Features of the Report
- The automotive brake system market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1.Executive Summary |
| 2.Global Automotive Brake System Market Introduction |
| 2.1.Global Automotive Brake System Market - Taxonomy |
| 2.2.Global Automotive Brake System Market - Definitions |
| 2.2.1.System Type |
| 2.2.2.Vehicle Type |
| 2.2.3.Technology |
| 2.2.4.Region |
| 3.Global Automotive Brake System Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Automotive Brake System Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Automotive Brake System Market By System Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Disc Brake |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Drum Brake |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Automotive Brake System Market By Vehicle Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Mid-Sized Passenger Cars |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Compact Passenger Cars |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Luxury Passenger Cars |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Light Commercial Vehicles |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Heavy Commercial Vehicles |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Premium Passenger Cars |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Automotive Brake System Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Anti-Lock Braking System (ABS) |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Electronic Stability Control (ESC) |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Traction Control System (TCS) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Electronic Brake-Force Distribution (EBD) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8.Global Automotive Brake System Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Automotive Brake System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. System Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Disc Brake |
| 9.1.2.Drum Brake |
| 9.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Mid-Sized Passenger Cars |
| 9.2.2.Compact Passenger Cars |
| 9.2.3.Luxury Passenger Cars |
| 9.2.4.Light Commercial Vehicles |
| 9.2.5.Heavy Commercial Vehicles |
| 9.2.6.Premium Passenger Cars |
| 9.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Anti-Lock Braking System (ABS) |
| 9.3.2.Electronic Stability Control (ESC) |
| 9.3.3.Traction Control System (TCS) |
| 9.3.4.Electronic Brake-Force Distribution (EBD) |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Automotive Brake System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. System Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Disc Brake |
| 10.1.2.Drum Brake |
| 10.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Mid-Sized Passenger Cars |
| 10.2.2.Compact Passenger Cars |
| 10.2.3.Luxury Passenger Cars |
| 10.2.4.Light Commercial Vehicles |
| 10.2.5.Heavy Commercial Vehicles |
| 10.2.6.Premium Passenger Cars |
| 10.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Anti-Lock Braking System (ABS) |
| 10.3.2.Electronic Stability Control (ESC) |
| 10.3.3.Traction Control System (TCS) |
| 10.3.4.Electronic Brake-Force Distribution (EBD) |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Automotive Brake System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. System Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Disc Brake |
| 11.1.2.Drum Brake |
| 11.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Mid-Sized Passenger Cars |
| 11.2.2.Compact Passenger Cars |
| 11.2.3.Luxury Passenger Cars |
| 11.2.4.Light Commercial Vehicles |
| 11.2.5.Heavy Commercial Vehicles |
| 11.2.6.Premium Passenger Cars |
| 11.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Anti-Lock Braking System (ABS) |
| 11.3.2.Electronic Stability Control (ESC) |
| 11.3.3.Traction Control System (TCS) |
| 11.3.4.Electronic Brake-Force Distribution (EBD) |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Automotive Brake System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. System Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Disc Brake |
| 12.1.2.Drum Brake |
| 12.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Mid-Sized Passenger Cars |
| 12.2.2.Compact Passenger Cars |
| 12.2.3.Luxury Passenger Cars |
| 12.2.4.Light Commercial Vehicles |
| 12.2.5.Heavy Commercial Vehicles |
| 12.2.6.Premium Passenger Cars |
| 12.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Anti-Lock Braking System (ABS) |
| 12.3.2.Electronic Stability Control (ESC) |
| 12.3.3.Traction Control System (TCS) |
| 12.3.4.Electronic Brake-Force Distribution (EBD) |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Automotive Brake System Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. System Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Disc Brake |
| 13.1.2.Drum Brake |
| 13.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Mid-Sized Passenger Cars |
| 13.2.2.Compact Passenger Cars |
| 13.2.3.Luxury Passenger Cars |
| 13.2.4.Light Commercial Vehicles |
| 13.2.5.Heavy Commercial Vehicles |
| 13.2.6.Premium Passenger Cars |
| 13.3. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Anti-Lock Braking System (ABS) |
| 13.3.2.Electronic Stability Control (ESC) |
| 13.3.3.Traction Control System (TCS) |
| 13.3.4.Electronic Brake-Force Distribution (EBD) |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.X Robert Bosch GmbH |
| 14.2.2.Brembo S.p.A. |
| 14.2.3.Continental AG |
| 14.2.4.ZF Friedrichshafen AG |
| 14.2.5.Aisin Seiki |
| 14.2.6.Akebono Brake Industry Co., Ltd. |
| 14.2.7.Knorr-Bremse AG |
| 14.2.8.Haldex AB |
| 14.2.9.Nissin Kogyo Co., Ltd. |
| 14.2.10.Mando Corporation |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- X Robert Bosch GmbH
- Brembo S.p.A.
- Continental AG
- ZF Friedrichshafen AG
- Aisin Seiki
- Akebono Brake Industry Co., Ltd.
- Knorr-Bremse AG
- Haldex AB
- Nissin Kogyo Co., Ltd.
- Mando Corporation