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Brake System Market to Reach USD 31.63 Billion by 2030, Growing at a CAGR of 4.8%

12-11-2024 02:09 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT.LTD

Brake System Market

Brake System Market

๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The global brake system market is projected to experience robust growth, driven by increasing demand for advanced vehicle safety features, stricter regulations regarding vehicle safety, and the growing automotive industry. According to a recent market research report, the brake system market is anticipated to grow at a CAGR of 7.2% from 2023 to 2030, reaching a market size of approximately USD 52.5 billion by 2030.

The market is characterized by technological advancements in brake system designs, including electronic braking systems (EBS), regenerative braking, and the rise of electric vehicle (EV) adoption. As automotive manufacturers continue to focus on providing enhanced safety and efficiency, the demand for high-performance brake systems has grown significantly.

๐‚๐ฅ๐ข๐œ๐ค ๐‡๐ž๐ซ๐ž ๐“๐จ ๐†๐ž๐ญ ๐€ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐€๐ง๐ ๐‹๐ž๐š๐ซ๐ง ๐Œ๐จ๐ซ๐ž:https://www.maximizemarketresearch.com/request-sample/114328/

๐Š๐ž๐ฒ ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐†๐ซ๐จ๐ฐ๐ญ๐ก:

Technological Innovations: Advancements such as Electronic Stability Control (ESC) and Anti-lock Braking System (ABS) are becoming standard in modern vehicles, creating immense growth opportunities for brake system manufacturers.

Electric Vehicles: The rise of electric and hybrid vehicles has spurred demand for specialized braking technologies, including regenerative braking systems.
Government Regulations: Stringent regulations worldwide, aiming at improving vehicle safety and reducing environmental impacts, are also contributing to market expansion.

๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ - ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐ˆ๐ง๐ญ๐ž๐ ๐ซ๐š๐ญ๐ข๐จ๐ง

Vietnam is witnessing significant growth in the automotive sector, with a growing demand for both traditional and electric vehicles. The demand for advanced braking systems, especially regenerative braking systems in electric vehicles, has increased as local automakers focus on sustainability.

Key Developments: Companies like Vietnam's THACO Group are ramping up their vehicle production and adopting more efficient braking technologies to meet global safety standards.

Opportunities: The increasing adoption of electric vehicles (EVs) in Vietnam presents a significant opportunity for brake system manufacturers, especially those specializing in regenerative braking.

๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐' - ๐Œ๐š๐ฃ๐จ๐ซ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐”๐ฉ๐ ๐ซ๐š๐๐ž๐ฌ ๐š๐ง๐ ๐‚๐จ๐ฅ๐ฅ๐š๐›๐จ๐ซ๐š๐ญ๐ข๐จ๐ง๐ฌ

Thailand, a major automotive hub in Southeast Asia, is focusing on technological upgrades and collaborations with global leaders in the automotive and brake system markets. As the country's automotive industry expands, there's an increased emphasis on enhancing vehicle safety features, leading to growing demand for high-performance brake systems.

Mergers & Acquisitions: Thai company, Siam Motors, has partnered with international players like Brembo to integrate state-of-the-art braking technologies into its vehicles.

Growth Opportunities: As Thailand looks to expand its production of electric vehicles (EVs), there is substantial growth potential for advanced braking solutions tailored to EV needs.

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง' - ๐‰๐š๐ฉ๐š๐ง'๐ฌ ๐‘๐จ๐ฅ๐ž ๐š๐ฌ ๐š ๐†๐ฅ๐จ๐›๐š๐ฅ ๐‹๐ž๐š๐๐ž๐ซ ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐’๐š๐Ÿ๐ž๐ญ๐ฒ

Japan, home to automotive giants like Toyota and Honda, continues to lead global innovations in the automotive sector. The country is also at the forefront of adopting new braking technologies, including advanced driver assistance systems (ADAS) and electronic braking systems (EBS).

Recent Developments: Honda has developed a cutting-edge regenerative braking system, which is being integrated into its new line of hybrid and electric vehicles.

Consolidation: Japan has seen increased consolidation in the brake system sector, with companies like Akebono Brake Industry and Brembo forming strategic alliances to push for technological advancements in safety features.

๐‚๐ฅ๐ข๐œ๐ค ๐‡๐ž๐ซ๐ž ๐“๐จ ๐†๐ž๐ญ ๐€ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐€๐ง๐ ๐‹๐ž๐š๐ซ๐ง ๐Œ๐จ๐ซ๐ž:https://www.maximizemarketresearch.com/request-sample/114328/

๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š' - ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐„๐• ๐€๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐’๐š๐Ÿ๐ž๐ญ๐ฒ ๐’๐ญ๐š๐ง๐๐š๐ซ๐๐ฌ

South Korea's automotive industry is rapidly adopting advanced safety features, particularly in the EV segment. As the country is known for its electric vehicle production, the demand for sophisticated brake systems is on the rise.

Key Developments: Hyundai and Kia are pushing the envelope with cutting-edge braking technologies for their electric models, including the implementation of regenerative braking systems.

Trends: The push towards EVs is expected to continue, driving demand for smart braking systems that ensure safety and energy efficiency.

๐‘๐ž๐ ๐ฎ๐ฅ๐š๐ญ๐จ๐ซ๐ฒ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž'๐ฌ ๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ' - ๐†๐ซ๐จ๐ฐ๐ข๐ง๐  ๐…๐จ๐œ๐ฎ๐ฌ ๐จ๐ง ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐’๐š๐Ÿ๐ž๐ญ๐ฒ ๐š๐ง๐ ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ

Singapore's automotive market is seeing rapid adoption of advanced braking systems, in line with government regulations aimed at improving road safety and reducing carbon emissions. The country is leading the charge in adopting eco-friendly technologies, including regenerative braking in electric vehicles.

Regulatory Impact: With its stringent safety and environmental standards, Singapore has become a prime market for companies offering next-generation braking technologies.

Consolidation: The government's initiatives to reduce carbon footprints are prompting partnerships between local and international manufacturers like Bosch and Continental AG to develop sustainable braking systems.

๐”๐’ ๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง' - ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐†๐ข๐š๐ง๐ญ๐ฌ ๐ƒ๐ซ๐ข๐ฏ๐ž ๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐€๐ฅ๐ฅ๐ข๐š๐ง๐œ๐ž๐ฌ

The United States is experiencing significant consolidation in the brake system market, as major industry players look to capitalize on growth opportunities in the electric vehicle (EV) sector. The demand for high-quality, efficient braking systems is skyrocketing, particularly as the US leads the transition towards EVs.

Mergers & Acquisitions: Bendix Commercial Vehicle Systems has merged with Knorr-Bremse to create synergies that will cater to the evolving needs of the commercial vehicle sector.

Opportunities: With the US government increasing its focus on EV infrastructure, manufacturers of regenerative braking systems stand to benefit from new regulations aimed at promoting sustainable mobility.

๐‚๐ฅ๐ข๐œ๐ค ๐‡๐ž๐ซ๐ž ๐“๐จ ๐†๐ž๐ญ ๐€ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐€๐ง๐ ๐‹๐ž๐š๐ซ๐ง ๐Œ๐จ๐ซ๐ž:https://www.maximizemarketresearch.com/request-sample/114328/

๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐š๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Disc
Drum

๐›๐ฒ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ

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

๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

Passenger Car
Light-commercial Vehicles (LCV)
Truck
Bus

๐›๐ฒ ๐€๐œ๐ญ๐ฎ๐š๐ญ๐ข๐จ๐ง

Hydraulic
Pneumatic

๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

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

๐‚๐ฅ๐ข๐œ๐ค ๐‡๐ž๐ซ๐ž ๐ญ๐จ ๐†๐š๐ข๐ง ๐ƒ๐ž๐ž๐ฉ๐ž๐ซ ๐”๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐  + ๐†๐ซ๐š๐ฉ๐ก๐ฌ:https://www.maximizemarketresearch.com/market-report/global-brake-system-market/114328/

๐๐ซ๐š๐ค๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ž ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž' - ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐’๐š๐Ÿ๐ž๐ญ๐ฒ ๐’๐ญ๐š๐ง๐๐š๐ซ๐๐ฌ ๐š๐ง๐ ๐„๐• ๐ˆ๐ง๐ญ๐ž๐ ๐ซ๐š๐ญ๐ข๐จ๐ง

Europe's automotive market remains one of the largest in the world, with increasing demand for advanced brake systems, particularly as countries continue to adopt stricter safety standards. The European Union's focus on sustainability is driving significant demand for electric vehicles, thus influencing the brake system market.

Recent Developments: Volkswagen Group and ZF Friedrichshafen AG have announced joint ventures to develop advanced brake technologies tailored to the needs of electric and autonomous vehicles.

Trends: With electric mobility and smart transportation gaining traction, the integration of advanced safety features like regenerative braking and automatic emergency braking (AEB) is expected to grow in importance.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐จ๐ฎ๐ซ ๐ญ๐จ๐ฉ-๐ฉ๐ž๐ซ๐Ÿ๐จ๐ซ๐ฆ๐ข๐ง๐  ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Global Rail Infrastructure Market https://www.maximizemarketresearch.com/market-report/global-rail-infrastructure-market/118017/

โ™ฆ Global Railroads Market https://www.maximizemarketresearch.com/market-report/global-railroads-market/117988/

โ™ฆ Global Robot Cars And Trucks Market https://www.maximizemarketresearch.com/market-report/global-robot-cars-and-trucks-market/19646/

โ™ฆ Global Robotic Welding Market https://www.maximizemarketresearch.com/market-report/global-robotic-welding-market/48238/

โ™ฆ Global Rowing Boats Market https://www.maximizemarketresearch.com/market-report/global-rowing-boats-market/84700/

โ™ฆ Global Sandwich Panel Market https://www.maximizemarketresearch.com/market-report/global-sandwich-panel-market/10807/

โ™ฆ Global Self Driving Car Market https://www.maximizemarketresearch.com/market-report/global-self-driving-car-market/35592/

โ™ฆ Global Ship Loader Unloader Market https://www.maximizemarketresearch.com/market-report/global-ship-loader-unloader-market/39299/

โ™ฆ Global Siding Market https://www.maximizemarketresearch.com/market-report/global-siding-market/33658/

โ™ฆ Global Smart Locomotive Market https://www.maximizemarketresearch.com/market-report/global-smart-locomotive-market/103752/

๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐๐ฏ๐ญ. ๐‹๐ญ๐.

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01-15-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT.LTD
Automotive Brake Caliper Market to Reach USD 21.53 Billion by 2030, Growing at a โ€ฆ
Automotive Brake Caliper Market Overview The Global Automotive Brake Caliper Market is witnessing significant advancements driven by technological innovations and the surging demand for efficient braking systems. The market was valued at USD X billion in 2023 and is projected to grow at a CAGR of X% from 2024 to 2030, reaching USD X billion. This press release explores country-specific growth, opportunities, trends, consolidation, and updation in the market across Vietnam,โ€ฆ
Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing at a 14.6% CAGR
01-15-2025 | IT, New Media & Software
MAXIMIZE MARKET RESEARCH PVT.LTD
Account Reconciliation Software Market to Reach $8.10 Billion by 2030, Growing a โ€ฆ
Account Reconciliation Software Market Overview Global Account Reconciliation Software Market Poised for Growth The global account reconciliation software market is projected to experience substantial growth, reaching a market valuation of USD X billion by 2030, growing at a CAGR of X.X% from 2024 to 2030. This growth is driven by the increasing adoption of automated financial solutions and advancements in AI and cloud technologies. ๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐œ๐ฅ๐ข๐œ๐ค ๐จ๐ง ๐ญ๐ก๐ž ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/104828/โ€ฆ

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01-22-2025 | Business, Economy, Finances, B โ€ฆ
ABNewswire
Brake Repair Service: A Reliable Solution for Mobile Brake Services
When it comes to maintaining the performance and safety of your vehicle, brake systems are among the most critical components. Whether you're a truck driver or a fleet manager, ensuring your brakes are in optimal condition is a priority. Fortunately, finding a reliable Brake Repair Service [https://mobilebrakerepairtn.com/#:~:text=Brake%20Repair%20Service] provider has never been easier, thanks to mobile brake services that bring convenience and professionalism right to your location. Mobile Brake Services: Convenient, Efficient,โ€ฆ
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Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake 2020-2027
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios. Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and initiatives of new carโ€ฆ
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Allied Market Research
Aircraft Brake System : Power Brake, Boosted Brake, and Independent Brake 2021-2 โ€ฆ
The global aircraft brake system market was valued at $10.52 billion in 2020, and is projected to reach $16.95 billion in 2030, registering a CAGR of 5.2%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players. Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brakeโ€ฆ
12-07-2022 | Advertising, Media Consulting, โ€ฆ
Allied Market Research
Aircraft Brake System Market : Power Brake, Boosted Brake, and Independent Brake โ€ฆ
The global aircraft brake system market generated $10.52 billion in 2020, and is anticipated to reach $16.95 billion in 2030, manifesting a CAGR of 5.2%. Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake system market. On the other hand, strict regulatory conditions create hindrances to market growth. On the contrary, usage of advancedโ€ฆ
12-07-2022 | Advertising, Media Consulting, โ€ฆ
Allied Market Research
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B โ€ฆ
The global Brake System Industry estimated $41.62 billion in 2019, and is expected to hit $61.20 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027. Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024 Covid-19 Scenario- The covid-19 outbreak has immensely affected the industry, as most of the original equipment manufacturers (OEM) have kept the production of brake systems on hold. The supply chain management has been disrupted resulting in shortage of raw materials. Theโ€ฆ
11-24-2022 | Advertising, Media Consulting, โ€ฆ
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Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B โ€ฆ
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios. Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024 Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, andโ€ฆ