Brake System Market Report: Industry Overview and Projections

Brake System Market is anticipated to reach US$ 30.19 Bn by 2029 from US$ 21.74 Bn in 2022 at a CAGR of 4.8% during a forecast period.

Brake System Market Report Scope and Research Methodology

Report Scope

This report offers a comprehensive analysis of the Brake System market, encompassing market values, report scope, research methodology, drivers, restraints, and regional insights. It aims to provide stakeholders with a deep understanding of the market dynamics and opportunities.

Research Methodology

The base year for this report is 2022, with market projections extending from 2023 to 2029. The analysis is based on real market data, taking into account trends over the past five years, including the unique challenges posed in 2020 due to the COVID-19 pandemic.

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What are Brake System Market Dynamics?

Key factors driving the global Brake System market include increased automotive production and sales, coupled with the rising demand for electric vehicles. Furthermore, the market for advanced brake systems, including anti-lock braking systems (ABS) and electronic brake-power distribution systems, is expected to flourish due to stricter regulations related to traffic safety applications. Governments worldwide have mandated the rigorous implementation of active automobile safety applications to protect people's safety and reduce accidents. For instance, in the United States, automakers have committed to incorporating low-speed, forward-looking AEB-systems with forwarding collision warnings in all vehicles by September 2022.

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Brake System Market Segmentation:

Throughout the projection period, the segment is anticipated to increase at a CAGR of 7.2%. The fundamental factor impacting the primary market share and growth of the passenger automobile segment is the implications of sophisticated driver aid systems. The automotive industry and the market for brake systems have grown as a result of investments made primarily in new vehicle technology. Additionally, the growing use of electronic frequencies is anticipated to fuel additional growth in the Brake System segment. Although electronic brakes are widely used in Europe and North America, they are becoming more widespread in Asia.

by Type

Disc
Drum

by Technology

Antilock Braking Systems (ABS)
Electronic Stability Control (ESC)
Traction Stability Control (TCS)
Electronic Brake force Distribution (EBD)

by Vehicle Type

Passenger Car
Light-commercial Vehicles (LCV)
Truck
Bus

by Actuation

Hydraulic
Pneumatic

Who are Brake System Market Key Players?

1.Continental AG
2.Robert Bosch GmbH
3.ZF Friedrichshafen AG
4.AISIN SEIKI Co., Ltd
5.DENSO CORPORATION
6.AKEBONO BRAKE INDUSTRY CO., LTD
7.Wabco Holdings, Inc
8.Knorr-Bremse AG
9.Brembo S.p,A
10.Hitachi Astemo Ltd
11.Mando Corporation
12.Haldex AB
13.Wabco Holdings, Inc
14.Delphi Automotive PLC
15.Hitachi Automotive Systems, Ltd

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Table of Content: Brake System Market

Part 01: Executive Summary

Part 02: Scope of the Brake System Market Report

Part 03: Global Brake System Market Landscape

Part 04: Global Brake System Market Sizing

Part 05: Global Brake System Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

In 2022, Asia Pacific emerged as the dominant region in the Brake System market, with an expected CAGR of 6.7% during the forecast period. The region's growth is driven by the deployment of advanced safety electronic braking systems, including ABS, ESC, and TCS. Additionally, countries like China and India, which collectively produce approximately 34% of all vehicles, contribute to the region's market. The adoption of active braking systems is on the rise, benefiting luxury and premium vehicle sales.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)

Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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