Press release
Surging Vehicle Demand Accelerates Growth In Automotive Brake Systems Market: An Emerging Driver Transforming The Automotive Brake Systems Market Landscape
Automotive Brake Systems Market
What Is the Projected Growth of the Automotive Brake Systems Market?
In the past few years, the automotive brake systems market size has seen significant growth. The market projected to expand from a valuation of $37.47 billion in 2024 to an estimated $39.79 billion in 2025, representing a compound annual growth rate (CAGR) of 6.2%. The notable growth witnessed in the historic period is due to factors such as safety regulations, consumer demand, worldwide vehicle production, economic factors, and aftermarket demand.
Predictions indicate robust expansion of the automotive brake systems market in the ensuing years, with an expected ascension to $54.39 billion by 2029, at a compound annual growth rate (CAGR) of 8.1%. This predicted surge in the forecast period is linked to factors like the proliferation of electric and hybrid vehicles, autonomous vehicles, environmental regulations, cutting-edge vehicular technology, emerging markets, energy efficiency and global market expansion. The forecast period also anticipates trends such as advanced driver assistance systems (ADAS), adoption of lightweight but high-performance materials, brake-by-wire technology, interconnected brake systems, and burgeoning industry collaborations.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7196
What Are the Different Automotive Brake Systems Market Segments?
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
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7196&type=smp
What Are the Primary Drivers Shaping the Automotive Brake Systems Market?
The projected growth in the automotive brake systems market is anticipated to be fueled by the escalating demand for both passenger and commercial vehicles. This surge is primarily due to increasing disposable income in both developed and underdeveloped nations, coupled with the rising requirement for personal transportation for everyday commuting. This soaring demand in passenger and commercial vehicles is set to heighten the use of automotive brake systems, which are essential during the vehicle production process. For example, UK's trade association, the Society of Motor Manufacturers and Traders, reported in January 2024 that UK commercial vehicle production saw an increase of 18.5% in 2023, with 120,357 items like vans, trucks, taxis, buses, and coaches rolling off assembly lines. Consequently, the forecast period is expected to witness an intensified demand for automotive brake systems due to a surge in the need for passenger and commercial vehicles.
Which Companies Are Leading in the Automotive Brake Systems Market?
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
What Are the Major Trends Shaping the Automotive Brake Systems Market?
Leading enterprises in the automotive brake systems market are prioritizing the development of novel solutions like the next-gen electronic brake systems. These aim to improve vehicle safety, responsiveness, and braking performance. The next-gen electronic brake system is a sophisticated braking method that leverages electronic controls and sensors to improve vehicle braking mechanism safety and efficiency. An example of this was Continental AG, a German automotive parts producer, which in May 2023 introduced MK 120 ESC, a new-gen electronic brake system aimed at enhancing vehicle safety and efficiency, especially for electric versions. The system was first installed in Changan's Oshan X5 Plus and Uni-T models and is approximately 5% lighter and 7% smaller than its earlier model. This contributes to energy conservation and lower emissions. It also incorporates advanced cyber security elements, such as an inbuilt hardware security module for secure key generation, and facilitates over-the-air updates for persistent enhancements.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/automotive-brake-systems-global-market-report
What Are the Top Revenue-Generating Geographies in 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Brake Systems Market?
2. What is the CAGR expected in the Automotive Brake Systems Market?
3. What Are the Key Innovations Transforming the Automotive Brake Systems Industry?
4. Which Region Is Leading the Automotive Brake Systems Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Surging Vehicle Demand Accelerates Growth In Automotive Brake Systems Market: An Emerging Driver Transforming The Automotive Brake Systems Market Landscape here
News-ID: 3952262 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Brake
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,…
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 car…
Aircraft Brake System : Power Brake, Boosted Brake, and Independent Brake 2021-2 …
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 brake…
Aircraft Brake System Market : Power Brake, Boosted Brake, and Independent Brake …
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 advanced…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
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. The…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
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, and…
