Press release
Automotive Brake Systems Industry Growth Outlook: 7.5% CAGR and $52.51 Billion by 2029
Automotive Brake Systems
What Is the Long-Term Growth Forecast for the Automotive Brake Systems Market Size 2025?
Over the past few years, the size of the automotive brake systems market has steadily expanded. The market is anticipated to increase from $37.47 billion in 2024 to $39.25 billion in 2025, with a compound annual growth rate (CAGR) of 4.8%. The historical period's growth is credited to factors such as safety regulations, consumer demands, worldwide vehicle production, economic variables, and aftermarket demands.
What CAGR is Forecasted for the Automotive Brake Systems Market Through 2029?
The market size of automotive brake systems is predicted to witness a significant surge in the forthcoming years. The market is projected to expand to $52.51 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. Factors such as electric and hybrid vehicles, self-driving vehicles, environmental laws, connected vehicle technologies, emerging markets, energy efficiency, and market globalization contribute to the growth during the predicted period. Advanced driver assistance systems (ADAS), superior-performing lightweight materials, brake-by-wire technology, integrated brake systems and industry partnerships are the key trends for the forecast period.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-brake-systems-global-market-report
What Are the Critical Factors Driving Automotive Brake Systems Market Development?
The automotive brake systems market is anticipated to be driven by the growing demand for passenger and commercial vehicles. In developed and developing nations alike, there has been a rapid increase in disposable income, causing many individuals to seek personal transportation for their daily commutes. This surge in demand for passenger and commercial vehicles is subsequently expected to foster the uptake of automotive brake systems, crucial components in vehicle manufacturing. For example, data released by the Society of Motor Manufacturers and Traders, a trade association based in the UK, showed an 18.5% boost in UK commercial vehicle production with 120,357 vans, trucks, taxis, buses, and coaches coming off the production line in 2023. This surge in demand for passenger and commercial vehicles is therefore predicted to propel the market for automotive brake systems in the future.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7196&type=smp
How Does the Automotive Brake Systems Market Break Down Across Major 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
What Are the Major Trends Transforming the Automotive Brake Systems Industry?
Key players in the automotive brake systems market are steering towards creating innovative technologies like next-gen electronic brake systems. These are devised to bolster the safety of vehicles, augment responsiveness, and fine-tune braking efficiency. The term next-gen electronic brake system indicates an upgraded braking technology that employs electronic controllers and detectors to boost the safety and performance of vehicle brakes. For example, in May 2023, Continental AG, an automotive components manufacturer based in Germany, introduced the MK 120 ESC. This next-gen electronic brake system, primarily designed for heightened safety and efficiency, is particularly ideal for electric vehicles. The system, first used in Changan's Oshan X5 Plus and Uni-T, is almost 5% lighter and 7% smaller in comparison to its predecessor, therefore promoting energy conservation and diminished emissions. In terms of security, it has advanced cyber security implements with a built-in hardware security module for secure key generation. It also facilitates over-the-air updates for perpetual enhancements.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=7196&type=smp
Which Players Are Driving Innovation 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
Which Regions Are Driving Global Automotive Brake Systems Market Expansion?
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
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email:saumyas@tbrc.info
The Business Research Company -www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
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 Automotive Brake Systems Industry Growth Outlook: 7.5% CAGR and $52.51 Billion by 2029 here
News-ID: 4172837 • Views: …
More Releases from The Business Research Company
Automotive Speaker Global Market Insights: Growth Drivers, Size & Forecasts to 2 …
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 Forecasted Market Growth Rate of the Automotive Speaker Industry?
The automobile speaker industry has seen substantial growth in recent years, with the market forecasted to increase from $6.26 billion in 2024 to $6.64 billion in 2025, representing a compound annual growth rate (CAGR) of 6.0%. The factors driving…
Aeroengine Composites Industry to See Robust Expansion, Valued at $4.75 Billion …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Aeroengine Composites Market from 2024 to 2025?
The size of the aeroengine composites market has experienced a speedy expansion in the past few years. The market is projected to increase from $2.55 billion in 2024 to $2.97 billion in 2025 with a compound annual growth…
Autonomous Emergency Braking Market Analysis: $108.11 Billion by 2029 With a CAG …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Autonomous Emergency Braking Market Value Projection: How Much Will the Market Size by 2025?
In the past few years, the autonomous emergency braking market has seen considerable growth. The market, which is expected to escalate from $51.51 billion in 2024 to $59.47 billion in 2025, has a projected compound annual growth…
Automotive Intelligence Battery Sensor Global Market Insights: Growth Drivers, S …
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 Forecasted Market Growth Rate of the Automotive Intelligence Battery Sensor Industry?
There has been a swift increase in the size of the automotive intelligence battery sensor market in the past few years. The market, which was valued at $6.74 billion in 2024, is anticipated to reach $7.43 billion…
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…
