Market Overview

The Global Automotive Brake System Market was valued at USD 50,377.9 million in 2023 and is expected to reach USD 77,314.3 million by 2031 while growing at a CAGR of 5.5% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global automotive brake system market growth. The automotive brake system, a critical safety component, is designed to slow down or bring a vehicle to a complete stop, enhancing control over speed and direction. It converts kinetic energy into heat energy through friction, ensuring the safety of passengers and others on the road.

Increasing automotive production and ongoing technological advancements drive the growth of the automotive brake system market. However, obstacles like high initial costs, environmental concerns, and regulatory changes may hinder market expansion.

Furthermore, the global automotive brake system industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Automotive Brake System Market is segmented among Disc Brakes, and Drum Brakes, based on Type. In 2023, Disc Brakes accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Vehicle Type Analysis

The Global Automotive Brake System Market is segmented among Passenger Cars, and Commercial Vehicles, based on Vehicle Type. In 2023, Passenger Cars accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Automotive Brake System Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are AKEBONO BRAKE INDUSTRY CO., LTD., ZF Friedrichshafen AG, ADVICS CO., LTD., Hitachi Astemo, Ltd., Brembo S.p.A, Robert Bosch GmbH, AISIN CORPORATION, Haldex, The Web Co, and NISSIN KOGYO Co., Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Automotive Brake System Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Automotive Brake System Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Automotive Brake System Market Segmentation, By Type

• Global Automotive Brake System Market Share Analysis, By Type

• Global Automotive Brake System Market Growth Analysis, By Type

• Global Automotive Brake System Market Trends, By Type

o Disc Brakes

o Drum Brakes

6. Global Automotive Brake System Market Segmentation, By Vehicle Type

• Global Automotive Brake System Market Share Analysis, By Vehicle Type

• Global Automotive Brake System Market Growth Analysis, By Vehicle Type

• Global Automotive Brake System Market Trends, By Vehicle Type

o Passenger Cars

o Commercial Vehicles

7. Global Automotive Brake System Market Segmentation, By Technology

• Global Automotive Brake System Market Share Analysis, By Technology

• Global Automotive Brake System Market Growth Analysis, By Technology

• Global Automotive Brake System Market Trends, By Technology

o Anti-Lock Brake System (ABS)

o Traction Control System (TCS)

o Electronic Stability Control (ESC)

o Electronic Brake-Force Distribution (EBD)

8. Global Automotive Brake System Market Segmentation, By Region

• Global Automotive Brake System Market Share Analysis, By Region

• Global Automotive Brake System Market Growth Analysis, By Region

• Global Automotive Brake System Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Akebono Brake Industry Co., Ltd *

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• ZF Friedrichshafen AG

• ADVICS CO., LTD.

• Hitachi Astemo, Ltd.

• Brembo S.p.A

• Robert Bosch GmbH

• AISIN CORPORATION

• Haldex

• The Web Co

• NISSIN KOGYO Co., Ltd.

*Similar analysis will be provided for each company listed above.