Automotive Brakes Market by Technology, Actuation, Component, Brake Type, Vehicle Type, Application

List of Tables

The Automotive Brakes Market was valued at USD 25.65 billion in 2023, expected to reach USD 27.22 billion in 2024, and is projected to grow at a CAGR of 6.19%, to USD 39.06 billion by 2030.

The scope of the automotive brakes market encompasses the development, production, and supply of braking systems used in automobiles ranging from passenger cars to commercial vehicles. Brakes are essential for vehicle safety, providing the necessary friction to decelerate or stop a moving vehicle. Their application spans disc brakes, drum brakes, and electronic braking systems like ABS and EBD. The end-use scope includes various vehicle segments such as economy cars, luxury vehicles, and heavy-duty trucks. Key factors influencing market growth include the rising demand for advanced braking technologies, increasing automotive production, and stringent safety regulations globally. The advancement in electric and autonomous vehicles also presents significant growth opportunities. To leverage these opportunities, businesses should focus on developing regenerative braking systems and integrating advanced driver-assistance systems (ADAS) to enhance safety and fuel efficiency. However, limitations such as high costs of advanced braking technologies and integration challenges with existing systems pose challenges. The market is also hindered by fluctuating raw material prices and economic volatility, which affect manufacturing costs. Innovating in areas like lightweight braking materials, sensor-based braking technologies, and AI-driven predictive maintenance could offer substantial business growth. The market is dynamic and competitive, with major players investing in R&D to enhance product performance and efficiency. Collaboration with technology firms and investment in smart factory operations could foster innovation and improved supply chain resilience. As the market shifts towards sustainability, prioritizing eco-friendly manufacturing processes and components will address both consumer demand and regulatory pressure. Overall, emphasizing cost-effective, reliable, and innovative technology solutions can position industry players advantageously amidst evolving automotive trends.

KEY MARKET STATISTICS
Base Year [2023]	USD 25.65 billion
Estimated Year [2024]	USD 27.22 billion
Forecast Year [2030]	USD 39.06 billion
CAGR (%)	6.19%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Automotive Brakes Market

The Automotive Brakes Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increased vehicle production and sales
- Stricter safety standards for vehicles requiring advanced braking systems
- Innovations in braking technology, such as anti-lock braking systems (ABS) and electronic stability control (ESC), enhance vehicle safety and performance
Market Restraints
- High maintenance and replacement costs
Market Opportunities
- Rising demand for electric and hybrid vehicles
- Surge in vehicle ownership due to rising incomes and urbanization in developing countries
Market Challenges
- Environmental concerns and technology integration

Porter's Five Forces: A Strategic Tool for Navigating the Automotive Brakes Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automotive Brakes Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Automotive Brakes Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automotive Brakes Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Automotive Brakes Market

A detailed market share analysis in the Automotive Brakes Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Automotive Brakes Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automotive Brakes Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Automotive Brakes Market

A strategic analysis of the Automotive Brakes Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Automotive Brakes Market, highlighting leading vendors and their innovative profiles. These include Aisin Corporation, Akebono Brake Industry Co., Ltd., AP Racing Ltd., Baer Inc., Bendix Commercial Vehicle Systems LLC, Brembo S.p.A., Carlisle Companies Incorporated, Continental AG, Federal-Mogul Corporation, Freeman Automotive Ltd., Haldex AB, Hitachi, Ltd., Hyundai Mobis Co., Ltd., Knorr-Bremse AG, Mando Corporation, MAT Holdings, Inc., Meritor Heavy Vehicle Systems, LLC, Performance Friction Corporation, Robert Bosch GmbH, SGL Carbon SE, Sumitomo Riko Company Limited, TMD Friction Holdings GmbH, WABCO Holdings Inc., Wilwood Engineering, Inc., and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Brakes Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Technology, market is studied across Anti-lock braking system (ABS), Automatic Emergency Braking (AEB), Electronic Brakeforce Distribution (EBD), Electronic Stability Control (ESC), and Traction Control System (TSC).
Based on Actuation, market is studied across Hydraulic and Pneumatic.
Based on Component, market is studied across Brake Calipers, Brake Disc Rotors, Brake Pads, Brake Shoes, and Master Cylinders.
Based on Brake Type, market is studied across Dynamic Brake, Hydraulic Wet Brake, and Hydrostatic Brake.
Based on Vehicle Type, market is studied across Buses, Light Commercial Vehicles (LCVs), Passenger Cars, and Trucks.
Based on Application, market is studied across Agricultural Tractors, Construction Equipment, and Mining Equipment.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-CB04E05657D7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increased vehicle production and sales
  - 5.1.1.2. Stricter safety standards for vehicles requiring advanced braking systems
  - 5.1.1.3. Innovations in braking technology, such as anti-lock braking systems (ABS) and electronic stability control (ESC), enhance vehicle safety and performance
- 5.1.2. Restraints
  - 5.1.2.1. High maintenance and replacement costs
- 5.1.3. Opportunities
  - 5.1.3.1. Rising demand for electric and hybrid vehicles
  - 5.1.3.2. Surge in vehicle ownership due to rising incomes and urbanization in developing countries
- 5.1.4. Challenges
  - 5.1.4.1. Environmental concerns and technology integration
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Rising utilization of automatic emergency braking to prevent accidents or reduce their severity by automatically applying the brakes
- 5.2.2. Application: Evolving utilization of automotive brakes in the mining equipment
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Automotive Brakes Market, by Technology

6.1. Introduction
6.2. Anti-lock braking system (ABS)
6.3. Automatic Emergency Braking (AEB)
6.4. Electronic Brakeforce Distribution (EBD)
6.5. Electronic Stability Control (ESC)
6.6. Traction Control System (TSC)

7. Automotive Brakes Market, by Actuation

7.1. Introduction
7.2. Hydraulic
7.3. Pneumatic

8. Automotive Brakes Market, by Component

8.1. Introduction
8.2. Brake Calipers
8.3. Brake Disc Rotors
8.4. Brake Pads
8.5. Brake Shoes
8.6. Master Cylinders

9. Automotive Brakes Market, by Brake Type

9.1. Introduction
9.2. Dynamic Brake
9.3. Hydraulic Wet Brake
9.4. Hydrostatic Brake

10. Automotive Brakes Market, by Vehicle Type

10.1. Introduction
10.2. Buses
10.3. Light Commercial Vehicles (LCVs)
10.4. Passenger Cars
10.5. Trucks

11. Automotive Brakes Market, by Application

11.1. Introduction
11.2. Agricultural Tractors
11.3. Construction Equipment
11.4. Mining Equipment

12. Americas Automotive Brakes Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Automotive Brakes Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Automotive Brakes Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Aequita Group Acquires Bosch's Brake Component Division, Reinforcing Its Automotive Portfolio
- 15.3.2. Disc Brakes Australia Partners with Motorsport Australia for Enhanced Racing Performance
- 15.3.3. ZF Introduces Innovative Electromechanical Dry Brake System for Enhanced Vehicle Safety and Sustainability
15.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Aisin Corporation
2. Akebono Brake Industry Co., Ltd.
3. AP Racing Ltd.
4. Baer Inc.
5. Bendix Commercial Vehicle Systems LLC
6. Brembo S.p.A.
7. Carlisle Companies Incorporated
8. Continental AG
9. Federal-Mogul Corporation
10. Freeman Automotive Ltd.
11. Haldex AB
12. Hitachi, Ltd.
13. Hyundai Mobis Co., Ltd.
14. Knorr-Bremse AG
15. Mando Corporation
16. MAT Holdings, Inc.
17. Meritor Heavy Vehicle Systems, LLC
18. Performance Friction Corporation
19. Robert Bosch GmbH
20. SGL Carbon SE
21. Sumitomo Riko Company Limited
22. TMD Friction Holdings GmbH
23. WABCO Holdings Inc.
24. Wilwood Engineering, Inc.
25. ZF Friedrichshafen AG