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Automotive Brake System Market worth $31.40 billion by 2030, growing at a CAGR of 4.97% - Exclusive Report by 360iResearch
Automotive Brake System Market | 360iResearch
The Global Automotive Brake System Market to grow from USD 22.35 billion in 2023 to USD 31.40 billion by 2030, at a CAGR of 4.97%.
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The automotive brake system is an integral component responsible for slowing down or bringing a vehicle to a complete halt. It consists of various elements including the brake pedal, master cylinder, brake lines, calipers, pads, and rotors or drums, which work in unison to ensure the safe deceleration of the vehicle. The system can be classified into different types, such as disc brakes and drum brakes, with modern vehicles typically featuring a combination of both. Increasing production and sales of automotive vehicles have accelerated the demand for brake systems. The growing awareness of vehicle safety among consumers has also spurred the development of more sophisticated braking systems. However, disadvantages such as wear and tear over time and the potential for system failure impede its development. Regular maintenance, technological upgrades, and research into more durable and reliable materials combat these issues. The advent of autonomous vehicles and the increased adoption of electric and hybrid vehicles have necessitated specialized braking systems. The focus on environmental sustainability also pushes the demand for regenerative braking systems, which offer the added benefit of energy recuperation.
In the Americas, the adoption of advanced brake technologies such as anti-lock braking systems (ABS) and electronic stability control (ESC) is driven by stringent safety standards and high consumer awareness, with the majority of vehicles equipped with these systems. Production is substantial due to the presence of both major global brake manufacturers and strong domestic companies, underpinned by sophisticated supply chains and production facilities. The Asia-Pacific (APAC) region is experiencing rapid growth in automotive brake system production and usage due to the burgeoning automotive industry, increasing vehicle production, and rising safety concerns. Moreover, APAC benefits from lower production costs and a thriving component manufacturing sector, which attracts both local and international brake system companies. The Europe, Middle East, and Africa (EMEA) region presents a diverse scenario where Europe takes the lead with a high adoption rate of brake system innovations due to premium vehicle manufacturers and robust regulatory frameworks that mandate advanced safety systems. Europe's strong focus on reducing vehicle emissions has also fostered the development of lightweight and efficient braking solutions.
Market Segmentation & Coverage:
This research report categorizes the Automotive Brake System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Antilock Braking System, Electronic Brake-force Distribution, Electronic Stability Control, and Traction Control System. The Electronic Brake-force Distribution is projected to witness significant market share during forecast period.
Based on Brake Type, market is studied across Disc Brake and Drum Brake. The Disc Brake is projected to witness significant market share during forecast period.
Based on Vehicle Type, market is studied across Commercial Vehicles and Passenger Vehicles. The Commercial Vehicles is projected to witness significant market share during forecast period.
Based on Distribution, market is studied across Aftersales and Original Equipment Manufacturer. The Original Equipment Manufacturer is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.62% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Brake System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Brake System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Brake System Market, highlighting leading vendors and their innovative profiles. These include AISIN Seiki Co., Ltd., Akebono Brake Industry Co., Ltd., BorgWarner Inc., Brembo S.p.A., Continental AG, Denso Corporation, Disc Brakes Australia, dSPACE GmbH, Eaton Corporation PLC, EBC Brakes, Haldex AB, Hilliard Corporation, Hitachi Astemo, Ltd., Jiangxi Lichang Auto Parts Co., Ltd., Knorr-Bremse AG, Mando Corp., Midwest Brake, Performance Friction Corp., Robert Bosch GmbH, Schaeffler AG, Shandong Alltour Automotive Co., Ltd., Sundaram Brake Linings Ltd, VALEO SA, Xiamen ECO Import and Export Co.,Ltd, ZF Friedrichshafen AG, and Zhejiang Great Science & Technology Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Brake System Market, by Technology
7. Automotive Brake System Market, by Brake Type
8. Automotive Brake System Market, by Vehicle Type
9. Automotive Brake System Market, by Distribution
10. Americas Automotive Brake System Market
11. Asia-Pacific Automotive Brake System Market
12. Europe, Middle East & Africa Automotive Brake System Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Brake System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Brake System Market?
3. What is the competitive strategic window for opportunities in the Automotive Brake System Market?
4. What are the technology trends and regulatory frameworks in the Automotive Brake System Market?
5. What is the market share of the leading vendors in the Automotive Brake System Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Brake System Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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