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An Advanced Electronic Brake System For Enhanced Safety And Efficiency In Electric Vehicles Trend: A Crucial Influence on the Automotive Brake Systems Market's Transformation in 2025
Automotive Brake Systems Market Size
The automotive brake systems market is forecasted to witness growth due to a surge in demand for both passenger and commercial vehicles. The swift increase in individual's disposable income coupled with the growing requirement of personal vehicles for daily commuting, especially in the developing and developed nations, has bolstered the demand for passenger and commercial vehicles. The uptick in such demand is anticipated to propel the use of these brake systems, given their importance in the manufacturing process of these vehicles. For example, the Society of Motor Manufacturers and Traders, a UK-based trade body announced in January 2024, an 18.5% increase in the production of commercial vehicles (CV) in 2023, amounting to 120,357 units, including vans, trucks, taxis, buses, and coaches. Thus, this rise in the requirement of these vehicles is anticipated to further uplift the demand for automotive brake systems in the coming period.
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What Is the projected market size and growth rate for the automotive brake systems market?
The size of the automotive brake systems market has seen robust growth in the past few years. The market, which was valued at $37.47 billion in 2024, is expected to rise to $39.79 billion in 2025, representing a compound annual growth rate (CAGR) of 6.2%. The expansion during the historical period is mainly due to factors such as safety regulations, consumer wants, worldwide vehicle production, economic elements, and demand in the aftermarket.
In the upcoming years, the automotive brake systems market is set to witness robust expansion. The market size will escalate to $54.39 billion by 2029 growing at a Compound Annual Growth Rate (CAGR) of 8.1%. The surge in the market during the projected period can be linked to factors including electric and hybrid vehicles, autonomous vehicles, environmental regulations, connected vehicle technology, emerging markets, energy efficiency, and market globalization. The forecast period will also see significant trends such as the advent of advanced driver assistance systems (ADAS), the use of lightweight and high-performance materials, the emergence of brake-by-wire technology, connected brake systems, and industry alliances.
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What new trends are reshaping the automotive brake systems market and its opportunities?
Companies that are significant players in the automotive brake systems market are channeling their efforts towards the creation of cutting-edge solutions such as new generation electronic brake systems. These are intended to augment vehicle safety, boost responsiveness and streamline the performance of brakes. The term "new generation electronic brake system" denotes a high-tech braking technology which employs electronic controls and sensors in order to boost the safety and performance of vehicle brake systems. An example of this is that in May 2023, Continental AG, an automotive parts maker headquartered in Germany, debuted the MK 120 ESC. This new generation electronic brake system is specially designed for increased safety and efficiency in vehicles, making it an ideal fit for electric models. This system, initially used in Changan's Oshan X5 Plus and Uni-T, is about 5% lighter and 7% smaller than the model it replaced, aiding in conserving energy and lowering emissions. It comes equipped with state-of-the-art cyber security precautions, which include an inbuilt hardware security module for secure key creation and offers support for over-the-air updates for ongoing enhancements.
What major market segments define the scope and growth of the automotive brake systems market?
The automotive brake systems market covered in this report is segmented -
1) By Product Type: Disc Brakes, Drum Brakes
2) By Technology: Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS), Electronic Brakeforce Distribution (EBD)
3) By Sales Channel: Original Equipment Manufacturers (OEMs), After market
4) By Vehicle Type: Passenger Car, Light-commercial Vehicles (LCV), Truck, Bus
Subsegments:
1) By Disc Brakes: Ventilated Disc Brakes, Solid Disc Brakes, Performance Disc Brakes
2) By Drum Brakes: Leading Trailing Drum Brakes, Duo-Servo Drum Brakes, Self-Adjusting Drum Brakes
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Which region dominates the automotive brake systems market?
Asia-Pacific was the largest region in the automotive brake system market in 2024. The regions covered in the automotive brake systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the automotive brake systems industry growth?
Major companies 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, Bendix Commercial Vehicle Systems LLC, Knorr-Bremse AG, WABCO Holdings Inc., Mando Corporation, Haldex AB, Nissin Kogyo Co Ltd., Meritor Inc., Advanced Braking Technology Ltd., TMD Friction Holdings GmbH, Midwest Air Technologies Inc., Nisshinbo Holdings Inc., ADVICS CO. LTD., FTE automotive Group, Hella Pagid GmbH, Endless Co. Ltd., Bremskerl Reibbelagwerke Emmerling GmbH & Co. KG, Brembo SpA, Performance Friction Corporation, Arc Remanufacturing Inc., Muller Brakes America Inc., Allgemeine Technische Entwicklungen GmbH
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What Is Covered In The Automotive Brake Systems Global Market Report?
•Market Size Forecast: Examine the automotive brake systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive brake systems market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive brake systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive brake systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive brake systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive brake systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive brake systems market.
•Competitive Landscape: Review strategic developments in the automotive brake systems market, including expansions, agreements, and new product launches.
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