Automotive Brake System Market is Expected to reach USD 78.17 Billion by 2032, to grow at a CAGR of 5.3% | PMR

Global Automotive Brake System Market size and share is currently valued at USD 39. 36 billion in 2023 and is anticipated to generate an estimated revenue of USD 78.17 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/automotive-brake-system-market/request-for-sample

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

An automotive braking system is a crucial component of security technology for automobiles. It is a progressive system particularly designed to either prohibit viable accidents or decrease the momentum of a motion vehicle before an accident with another vehicle, rambler, or hurdle of some sort. These systems integrate sensors, such as radar, video, infrared, or ultrasonic, to scan for viable gadgets before the vehicle and then utilize brake regulation to prohibit accidents if the object is, in fact, discovered. Automotive brakes are one of the innumerable car security attributes and are frequently combined with other technologies such as pre-accident systems and adjustable cruise regulation.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The market is portrayed by fierce contestation with traditional players depending on progressive technology, exceptional commodities, and a robust brand depiction to push revenue growth.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐤𝐞𝐲 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐛𝐫𝐚𝐤𝐞 𝐬𝐲𝐬𝐭𝐞𝐦 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

• ADVICS CO., LTD.
• AISIN CORPORATION
• AKEBONO BRAKE INDUSTRY CO., LTD.
• Brembo S.p.A
• Haldex
• Hitachi Astemo, Ltd.
• NISSIN KOGYO Co., Ltd.
• Robert Bosch GmbH
• The Web Co
• ZF Friedrichshafen AG

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3188/2

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

The automotive brake systems analysis is mainly based on type, vehicle type, technology, and region. Based on product analysis, the disk brakes sector witnesses the fastest growth. Also, according to product type, the drum brake sector holds a significant revenue share. It essentially comprises several gas extractors and is preferred as it is cost-effective.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤

• The global automotive brake system market was valued at USD 49.63 billion in 2023.

• The market is expected to expand at a CAGR of 5.2% from 2024 to 2032.

• The industry is expected to grow to USD 78.32 billion by 2032.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

The continual advancement in sensors, materials, connectivity and computational power has metamorphosed the potential of braking systems and has driven up the demand for automotive brake system market. Progressions in material science are assisting in the advancement of break constituents with improved attributes such as decreased weight, escalated robustness, and excessive aversion to heat. These enhancements notably upgrade the presentation and longevity of brakes.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-brake-system-market

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐖𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐁𝐫𝐚𝐤𝐞 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The disk brake segment dominated the market in 2023. Disk brake deliver superior performance in rigid weather conditions without fading and overheating.

• The passenger cars segment held the largest market share due to the rising disposable income, increasing urbanization, and surging population growth.

• Asia-Pacific is accounted for the largest market share due to the rapid urbanization, surging middle-class population, and rising sales of premium vehicles.

• North America has witnessed the fastest growth, owing to the presence of leading automakers and extensions in passenger cars and commercial vehicles in the market.

• The global key market players include ADVICS CO., LTD., AISIN CORPORATION, AKEBONO BRAKE INDUSTRY CO., LTD., Brembo S.p.A, Haldex, Hitachi Astemo, Ltd., NISSIN KOGYO Co., Ltd., Robert Bosch GmbH, The Web Co, ZF Friedrichshafen AG.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐄-𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/01/03/2582302/0/en/E-learning-Market-Size-Expected-to-Grow-Over-USD-1-124-79-Billion-by-2030-at-20-5-CAGR-Statistics-Report-by-Polaris-Market-Research.html

𝐀𝐈 𝐢𝐧 𝐋𝐢𝐟𝐞 𝐒𝐜𝐢𝐞𝐧𝐜𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/en/news-release/2023/01/04/2582822/0/en/By-2032-AI-Artificial-
Intelligence-in-Life-Science-Analytics-Market-Size-Expected-to-Surge-to-USD-4-067-97-Million-at-10-8-CAGR-Says-Polaris-Market-Research.html

𝐄𝐥𝐝𝐞𝐫𝐥𝐲 𝐍𝐮𝐭𝐫𝐢𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/en/news-release/2023/01/05/2583879/0/en/Global-Elderly-Nutrition-Market-Size-Estimated-to-Reach-USD-30-64-Billion-by-2030-at-6-5-CAGR-Rise-Polaris-Market-Research.html

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐒𝐩𝐚 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/en/news-release/2023/01/10/2586153/0/en/Global-Medical-Spa-Market-Size-Predicted-to-Grow-USD-63-79-Billion-By-2032-at-14-6-CAGR-Polaris-Market-Research.html

𝐂𝐥𝐞𝐚𝐫 𝐀𝐥𝐢𝐠𝐧𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/01/10/2586303/0/en/At-30-6-CAGR-Global-Clear-Aligners-Market-Share-Projected-to-Reach-USD-57-05-Billion-By-2032-Polaris-Market-Research.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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