Press release
Global Automotive Brake Systems Market: Growth Expectations, Key Players, and Industry Trends from 2025 to 2029
Automotive Brake Systems Market
The automotive brake systems market is set to witness robust growth, driven by regulatory standards, consumer demands, and emerging trends.
What Is The Projected Market Size Of The Global Automotive Brake Systems Market And Its Growth Rate?
The automotive brake systems market is experiencing substantial growth.
• 2024 Market Size: $37.47 billion
• 2025 Market Size: $39.79 billion (CAGR: 6.2%)
• 2029 Market Size: $54.39 billion (CAGR: 8.1%)
Major drivers for growth include safety regulations, consumer demand, vehicle production rate, and economic conditions.
What Is Driving The Growth In The Automotive Brake Systems Market?
The key driver of the automotive brake systems market is the growing demand for passenger and commercial vehicles. Increased disposable income and the need for private transportation for commuting are contributing to vehicle demand, thereby influencing the automotive brake systems market. Industry data also confirms this trend. Single data point - In 2024, the UK commercial vehicle production rose 18.5% compared to 2023, manufacturing 120,357 units including vans, trucks, taxis, buses, and coaches.
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Who Are the Key Players Driving Automotive Brake Systems Market Growth?
Major players operating in the automotive brake systems market include:
• Advics Co. Ltd.
• Aisin Seiki Co. Ltd.
• Akebono Brake Industry Co. Ltd.
• Brembo SpA
• Continental AG
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Federal-Mogul Motorparts LLC
What Are The Key Trends In The Automotive Brake Systems Market?
Key trends in the market include:
• Advanced Driver Assistance Systems (ADAS)
• Utilization of lightweight and high-performance materials
• Development of brake-by-wire technology
• Connected brake systems
• Formation of strategic industry partnerships
What Are The Segments Of The Global Automotive Brake Systems Market?
The global automotive brake systems market is categorized by:
• Product Type: Disc Brakes, Drum Brakes
• Technology: Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS), Electronic Brakeforce Distribution (EBD)
• Sales Channel: Original Equipment Manufacturers (OEMs), After market
• Vehicle Type: Passenger Car, Light-commercial Vehicles (LCV), Truck, Bus
Which Region Leads The Automotive Brake Systems Market?
In 2024, Asia-Pacific was the largest region in the automotive brake system market. The regions incorporated in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Automotive Brake Systems Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Brake Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Brake Systems 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 Brake Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Brake Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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