Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
automotive brake systems market, automotive brake systems global market, automotive brake systems market size, automotive brake systems market share, automotive brake systems market forecast, automotive brake systems market analysis
What Is The Projections And Growth Rate For The Automotive Brake Systems Market?
The automotive brake systems market size has seen considerable growth in recent years. Market size is forecasted to grow from $37.47 billion in 2024 to $39.79 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. This growth can be attributed to factors such as safety regulations, consumer demand, global vehicle production, economic influencers, and aftermarket demand.
Looking ahead, the automotive brake systems market size is set to experience robust growth. By 2029, the market is projected to reach $54.39 billion, with a CAGR of 8.1%. Growth drivers for this period include developments in electric and hybrid vehicles, autonomous vehicles, environmental regulations, emerging communication technologies, emerging markets, energy efficiency, and the globalization of the market. Trends that will shape the future of this market include advanced driver assistance systems (ADAS), lightweight and high-performance materials, brake-by-wire technology, connected brake systems, and industry partnerships.
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What Are The Key Growth Drivers In The Automotive Brake Systems Market?
One of the key factors driving the market’s growth is the increase in demand for passenger and commercial vehicles. As disposable income rises in both developed and developing countries, the demand for personal vehicles for commuting has significantly increased. This rapidly rising demand, particularly for commercial and passenger vehicles, is expected to boost the use of automotive brake systems, an essential component in the manufacturing of automotive vehicles. For example, the UK saw an 18.5% rise in commercial vehicle production in 2023, with 120,357 vehicles produced. This surge in production is a clear indication of the anticipated growth in demand for automotive brake systems.
What Segments Are Covered In The Automotive Brake Systems Market Report?
1) By Product Type: Disc Brakes, Drum Brakes
2) By Technology: Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS), Electronic Brakeforce Distribution (EBD)
3) By Sales Channel: Original Equipment Manufacturers (OEMs), Aftermarket
4) By Vehicle Type: Passenger Car, Light-commercial Vehicles (LCV), Truck, Bus
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Who Are The Major Players Operating In The Automotive Brake Systems Market?
Major companies operating in the automotive brake systems market include Advics Co. Ltd., Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo SpA, Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Federal-Mogul Motorparts LLC, Bendix Commercial Vehicle Systems LLC, Knorr-Bremse AG, WABCO Holdings Inc., Mando Corporation, Haldex AB, Nissin Kogyo Co Ltd., Meritor Inc., Advanced Braking Technology Ltd., TMD Friction Holdings GmbH, Midwest Air Technologies Inc., Nisshinbo Holdings Inc., ADVICS CO. LTD., FTE automotive Group, Hella Pagid GmbH, Endless Co. Ltd., Bremskerl Reibbelagwerke Emmerling GmbH & Co. KG, Brembo SpA, Performance Friction Corporation, Arc Remanufacturing Inc., Muller Brakes America Inc., Allgemeine Technische Entwicklungen GmbH.
Which Emerging Trends Are Influencing The Automotive Brake Systems Market?
Companies operating in the automotive brake systems market are focusing on developing innovative solutions, such as the new generation electronic brake systems. These systems increase vehicle safety, improve responsiveness, and optimize braking performance. An example of such innovation is the MK 120 ESC, a new generation electronic brake system launched by Continental AG. This system is lighter and smaller than its predecessor, thus contributing to energy savings and reduced emissions.
Which Region Holds The Largest Share In The Automotive Brake Systems Market?
Asia-Pacific emerged as the largest region in the automotive brake systems market in 2024. However, the report also covers other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Automotive Brake Systems Market Report 2025 Offer?
Automotive brake systems are designed for slowing down or stopping vehicles. Exerting two objects against each other, these systems create resistance through friction. They are particularly useful in preventing vehicle skidding, reestablishing tire traction, and avoiding vehicle wheel lock-up, thus preventing accidents. The Automotive Brake Systems Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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