Press release
Automotive Brake Systems Market: Growth Drivers, Key Trends, and Projected Market Size till 2029
Automotive Brake Systems Market
Steering Towards Safer Roads: The Automotive Brakes and Clutches Market Marches Towards $35.45 Billion by 2029
What Is The Projected Market Size Of The Global Automotive Brakes And Clutches Market And Its Growth Rate?
• The automotive brakes and clutches market size has seen consistent growth and is expected to grow from $26.65 billion in 2024 to $27.86 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%.
• The growth during the historic period is attributed to early automobile development, improved safety features, and adoption of hydraulic brake systems.
• The global market size is anticipated to reach $35.45 billion by 2029 with a CAGR of 6.2% fuelled by electrification of vehicles, development of smart braking systems, and focus on autonomous driving.
What Is Driving The Growth In The Automotive Brakes And Clutches Market?
The thriving automotive industry is anticipated to propel the growth of the automotive brakes and clutches market. The business activities encompassing the production of automobiles stimulates the demand for automotive brakes and clutches, seen as essential vehicle parts. The continuous growth observed in new car registrations, particularly in regions like UK, signifies the market potential for automotive brakes and clutches.
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Who Are The Key Players Driving Automotive Brakes And Clutches Market Growth?
• FCC Co. Ltd.
• BorgWarner Inc.
• NSK Ltd.
• Valeo Service Group
• Robert Bosch GmbH
• Brembo SpA
• Continental AG
• ZF Friedrichshafen AG
• Marelli Holdings Co. Ltd.
• Exedy Corporation
• Eaton Corporation
• Aisin Seiki Co. Ltd.
• Autoliv Inc.
What Are The Key Trends In The Automotive Brakes And Clutches Market?
Innovations in the market include:
• Brake-by-wire systems
• Regenerative braking technologies
• Lightweight and high-performance brake materials
• Integration with advanced driver assistance systems (ADAS)
• Modular and compact clutch designs
What Are The Segments Of The Global Automotive Brakes And Clutches Market?
1) By Product: Original Equipment Manufacturer (OEM), After market
2) By Clutch Type: Friction Clutch, Dog Clutch, Hydraulic Clutch, Other Clutch Types
3) By Transmission Type: Manual Transmission, Automatic Transmission, Automated Manual Transmission (AMT), Other Transmission Types
4) By Application: Passenger Car, Commercial Vehicle
Which Region Leads The Automotive Brakes And Clutches Market?
North America stood as the largest region in the automotive brakes and clutches market in 2024, with the market also spanning Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Automotive Brakes And Clutches Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Brakes And Clutches Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Brakes And Clutches Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Brakes And Clutches Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Brakes And Clutches Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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