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Pulished Date February, 2020
ID: 8854
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Automotive Braking System Market segmentation by Brake Type (Disc Brake, Drum Brake), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Technology (Anti-Lock Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TCS), Electronic Brake-Force Distribution (EBD)), by Application (Agricultural Tractor, Construction Equipment) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025.

Pulished: February, 2020
ID: 8854
Pages: 175

Automotive Braking System Market Overview:

The global automotive braking system market is estimated to be USD 31.9 Billion in 2021 from USD 22.8 Billion in 2016 and is projected to grow at a CAGR of about 7% during the foreseen period.

Brakes are the essential mechanical fixtures in automotive & machine equipment wont to reduce the speed of the system. The typical lifecycle of brakes is less; thus, the introduction of enhanced brakes drives the market. This eventually boosts the expansion of the sectors like automotive, oil & gas industry, industry, et al. Within recent years, rapid urbanization and demand for a convenient lifestyle have propelled the market. These factors are anticipated to form a way for growth opportunities during the foreseen period.

The marketplace for brake systems is primarily driven by the rise in vehicle production due to growing demand. Furthermore, the market is additionally influenced by government regulations reducing the stopping distance and environmental regulations surrounding brake pad and shoe residue. The global automotive brakes market is often the segmented supported product, operation, technology, vehicle, and region. In terms of product, the disc brake segment is estimated to expand significantly during the foreseen period.

Automotive Braking System Market Recent Developments:

  • Japan's Nissan Motor Co Ltd has said it recalls 394,025 cars within the US over a braking system defect, causing concerns that a brake fluid leak could potentially cause a fireplace.
  • Hyundai Mobis announced a new braking system that it had succeeded in developing the 'redundancy brake system' during which the hand brake system is activated by itself albeit the brakes don't usually work thanks to the failure of electrical devices or external shock. 
  • After few year's shift in emission norms - from BS-III to BS-IV model - the 2 -wheeler industry is now gearing up for brand spanking new safety norms, the ABS (Anti-lock Braking System) and therefore the CBS (Combined Brake System) for brand spanking new models
  • A new technology polymer-based brake pad could improve standard braking equipment in cars and trains by making them more efficient and cost-effective. 

Drivers and Restraints of Automotive Braking System Market:

Drivers:

Regulatory authorities around the world are getting to improve active safety systems. One of the indications is implementing regulations for stopping distance and pedestrian protection. Regulations with reduced stopping distance are introduced, which successively has impacted the brake also because of the automotive industry as an entire. Thus, the brakes manufacturers specialize in the event of disk brake solutions to satisfy the new regulations regarding the stopping distance.

Restraints:

Electronic brake systems are among the widely used active safety systems. They provide advantages like the shortest distance and enhanced durability. Companies are aiming for innovative and affordable solutions for vehicles of all classes. However, the event and commercialization of the latest braking technologies require high cost. Thus, the milestones in braking technologies are achieved by only a couple of major automotive companies. Moreover, duplicate & low-quality brakes system restrains the growth of the market.

Automotive Braking System Market Segmentation:

By Brake Type:

  • Disc Brake 
  • Drum Brake 

There are two main brake types within the automotive braking system market, namely disc brakes, and drum brakes. The disk brake segment features a slightly larger revenue share within the market at the end of 2017 and is projected to close a worth of US$ 14 billion over the forecast period. Nonetheless, a better CAGR is predicted to be within the drum brakes segment, and key stakeholders within the automotive brakes market are advised to require this into consideration while devising long-term strategies. Europe accounts for the most crucial regional contribution within the drum brakes segment, and corporations should focus their attention on this affluent continent for max returns on investment.

By Vehicle Type:

  • Passenger Cars 
  • Light Commercial Vehicles 
  • Heavy Commercial Vehicles 

The passenger car segment is likely to rule the braking system market. Consistent with the Organization Internationale des Constructeurs d'Automobiles (OICA), the worldwide new coach sales increased from 55.8 million units in 2010 to 69.4 million units in 2016. The rise within the number of passenger cars, combined with the growing adoption of disc brakes, makes passenger cars the fastest-growing vehicle type within the brakes market. The rapid increase within the adoption of safety systems in passenger cars plays a significant role in the increasing need for brake systems in passenger vehicles. The braking function, along with other active and passive safety systems, supports a driver in avoiding crashes and protects passengers during mishaps.

By Technology:

  • Anti-Lock Braking System (ABS) 
  • Electronic Stability Control (ESC) 
  • Traction Control System (TCS) 
  • Electronic Brake-Force Distribution (EBD)

Based on technology, the automotive brakes market is often segregated into the antilock braking system, traction system, and electronic stability control. The automotive electronic stability control segment is expanding at a high pace thanks to multiple benefits over the traditional methods like reduction in the number of brakes component, predictive braking controls, lower maintenance, and enhanced diagnostic of the entire system. 

By Application:

  • Agricultural Tractor 
  • Construction Equipment

Automotive Braking System Market Region-wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

Europe is projected to be the second biggest market all over the global Automotive Braking System Market. Asia Pacific with the nations of India, South Korea, and China is increasing as an outcome of the rising demand for commercial vehicle and a passenger vehicle. Japan also contributes to the worldwide market remarkably. China is predicted to be the most important opportunity in terms of the revenue of the industry.

Key Players of Market:

  • Tenneco Inc.
  • Federal-Mogul LLC.
  • AISIN SEIKI Co., Ltd.
  • Miba AG
  • Robert Bosch GmbH
  • Nisshinbo Holdings Inc.
  • Brembo S.p.A.
  • SGL Group
  • Akebono Brake Corporation
  • Delphi Automotive LLP

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Automotive Braking System Market, By Brake Type                   

                    6.1.1 Disc Brake     

                    6.1.2 Drum Brake   

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Automotive Braking System Market, By Vehicle Type                 

                    6.2.1 Passenger Cars        

                    6.2.2 Light Commercial Vehicles 

                    6.2.3 Heavy Commercial Vehicles

                    6.2.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Automotive Braking System Market, By Technology                   

                    6.3.1 Anti-Lock Braking System (ABS)    

                    6.3.2 Electronic Stability Control (ESC)   

                    6.3.3 Traction Control System (TCS)      

                    6.3.4 Electronic Brake-Force Distribution (EBD)

                    6.3.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.6 Y-o-Y Growth Rate Analysis         

                    6.3.7 Market Attractiveness Index         

          6.4 Automotive Braking System Market, By Application                   

                    6.4.1 Agricultural Tractor  

                    6.4.2 Construction Equipment     

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Brake Type

                    7.2.3 By Vehicle Type        

                    7.2.4 By Technology          

                    7.2.5 By Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Brake Type

                    7.3.3 By Vehicle Type        

                    7.3.4 By Technology          

                    7.3.5 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Brake Type

                    7.4.3 By Vehicle Type        

                    7.4.4 By Technology          

                    7.4.5 By Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Brake Type

                    7.5.3 By Vehicle Type        

                    7.5.4 By Technology          

                    7.5.5 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Brake Type

                    7.6.3 By Vehicle Type        

                    7.6.4 By Technology          

                    7.6.5 By Application

8. Key Player Analysis                           

          8.1 Tenneco Inc                

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Federal-Mogul LLC.              

          8.3 AISIN SEIKI Co., Ltd.              

          8.4 Miba AG           

          8.5 Robert Bosch GmbH              

          8.6 Nisshinbo Holdings Inc.                  

          8.7 Brembo S.p.A.            

          8.8 SGL Group                  

          8.9 Akebono Brake Corporation             

          8.10 Delphi Automotive LLP                  

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by Type, by Electronic Brake System, By Off-Highway Vehicles, by Vehicle Type and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

  1. Global Automotive Braking System Market By Region, From 2020-2025 ( USD Billion )
  2. Global Automotive Braking System Market By Brake Type, From 2020-2025 ( USD Billion )
  3. Global Disc Brake Market By Region, From 2020-2025 ( USD Billion )
  4. Global Drum Brake Market By Region, From 2020-2025 ( USD Billion )
  5. Global Automotive Braking System Market By Vehicle Type, From 2020-2025 ( USD Billion )
  6. Global Passenger Cars Market By Region, From 2020-2025 ( USD Billion )
  7. Global Light Commercial Vehicles Market By Region, From 2020-2025 ( USD Billion )
  8. Global Heavy Commercial Vehicles Market By Region, From 2020-2025 ( USD Billion )
  9. Global Automotive Braking System Market By Technology, From 2020-2025 ( USD Billion )
  10. Global Anti-Lock Braking System (ABS) Market By Region, From 2020-2025 ( USD Billion )
  11. Global Electronic Stability Control (ESC) Market By Region, From 2020-2025 ( USD Billion )
  12. Global Traction Control System (TCS) Market By Region, From 2020-2025 ( USD Billion )
  13. Global Electronic Brake-Force Distribution (EBD) Market By Region, From 2020-2025 ( USD Billion )
  14. Global Automotive Braking System Market By Application, From 2020-2025 ( USD Billion )
  15. Global Agricultural Tractor Market By Region, From 2020-2025 ( USD Billion )
  16. Global Construction Equipment Market By Region, From 2020-2025 ( USD Billion )

 

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