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Pulished Date December, 2020
ID: 10574
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Brake 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) and Region - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025.

Pulished: December, 2020
ID: 10574
Pages: 175

Market Overview:
The global brake system market is estimated to touch $ 31.9 billion in 2021, growing at a compound annual growth rate of about 7% during the calculated period.

Brakes are the essential mechanical elements in the automotive and mechanical equipment that do not slow down the system. The typical life cycle of the brake is shorter; thus, the introduction of improved brakes stimulates the market. This ultimately stimulated the expansion of sectors such as the automotive, oil and gas industry, industry, etc. In recent years, rapid urbanization and the demand for a practical lifestyle have fueled the market. These factors are expected to pave the way for growth opportunities during the outlook period. The global brake system market is often segmented in terms of compatible products, operation, technology, vehicle, and region. The disc brake segment is expected to develop considerably during the forecast period.

 

The brake systems market is mainly stimulated by increased vehicle production due to rising demand. Also, the rising government regulations to control braking distance and environmental regulations around the residue from pads and shoes are foreseen to accelerate this business in future.

Recent Developments:

  • Japan's Nissan Motor Co Ltd said it was recalling 394,025 cars from the United States due to a defect in the brake system, raising concerns that a leak of brake fluid could cause an outbreak.
  • Hyundai Mobis announced a new braking system, which had successfully developed the redundant braking system in which the manual braking system activates on its own, although the brakes do not function normally due to appliance failure or external shock.
  • After a few years of change in emission standards, from the BS-III model to the BS-IV model, the 2-wheel industry is preparing for new safety standards, ABS (Antilock Brake System)) and, therefore, the CBS (Combined Brake) system for new models.
  • New polymer-based brake pad technology could improve standard braking equipment in cars and trains, making them more efficient and economical.

Drivers and Restraints of Brake System:

Drivers:

Regulatory authorities around the world are improving active safety systems. One indication is the implementation of regulations on braking distance and pedestrian protection. Regulations are introduced with a reduced braking distance, which has successively affected the brake because of the automotive industry as a whole. Therefore, brake manufacturers specialize in the case of disc braking solutions to comply with new regulations regarding braking distance. Electronic braking systems are among the most widely used active safety systems. They offer benefits such as the shortest possible stopping distance and improved stability. Organizations strive to find innovative and affordable solutions for vehicles of all kinds.

Restraints:

However, the event and commercialization of the latest braking technologies require high costs. Therefore, large auto companies only achieve milestones in braking technologies. Furthermore, the low-quality duplicate brake system is also hampering the market growth.

Market Segmentation:

Brake System Market, By Brake Type

  • Disc Brake
  • Drum Brake

The disc brake segment had a slightly higher revenue share in the automotive brake system market in 2017 and is expected to reach $ 14 billion at the beginning of the forecast period. However, a better CAGR must be found in the drum brake segment and key stakeholders in the automotive brake system market should take this into account when developing long-term strategies. Europe represents the most important regional contribution in the drum brake segment and companies should focus their attention on this to get the maximum return on investment.

Brake System Market, By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

The passenger car segment is believed to dominate the global brake system market. According to the International Organization of Automobile Manufacturers (OICA), world sales of new automobiles increased from 55.8 million units in 2010 to 69.4 million units in 2016. The surge in the number of passenger cars along with the increasing adoption of disc brakes is promoting the expansion of this segment in this market. The rapid increase in the adoption of passenger car safety systems plays an essential role in the growing demand for passenger car brake systems. The braking function, combined with other active and passive safety systems, helps the driver avoid collisions and protects passengers in the event of an accident.

Brake System Market, By Technology

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

Based on technology, the electronic automotive stability control segment is growing at a rapid rate thanks to multiple advantages over traditional systems, such as reduced number of brake components, predictive brake controls, reduced maintenance, and improved vehicle diagnostics of the whole system.

Off-Highway Brake System Market, By Application

  • Agricultural Tractor
  • Construction Equipment

Brake 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

North America is considered as the dominant region in the global brake system business. Europe is expected to be the second-largest market in the world for automotive brake systems. The Asia Pacific is foreseen to develop in the future due to the growing demand for utility and passenger vehicles. Japan also makes a notable contribution to the global brake system market. China should be the most important opportunity in terms of industry revenue.

IMPACT OF COVID-19 ON BRAKE SYSTEM MARKET:

Nations that have been hit hard by COVID-19 contributed about half of worldwide business in 2019, including 1.7% from India, which will affect its vehicle and coordination division. Worldwide industry is likely to decrease by 15%, with the top 20 sending out economies right now under pressure. All the more promptly, the part will confront difficulties as supply chain disturbance, limit requirements, and cost pressures. Notwithstanding, the emergency will propel the structure of stun versatile supply chains in food and human services coordination while making a more noteworthy driving force for supply chain digitization. Warehousing will increase more noteworthy operational efficiencies using mechanical technology, AI, and enlarged reality instruments.

The span and seriousness of COVID-19's effect on economies and segments will without a doubt shift. In any case, organizations should get underway a "look forward, foresee, and alter" guide. Over the close to term, organizations ought to investigate supply chain broadening and influence new open doors emerging from changing client requests. Over the long haul, item and administration portfolio broadening will be basic to guaranteeing more noteworthy strength.

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 Brake 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 Brake 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 Brake 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 Brake 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 application, by end-user, 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 demographics, 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 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 Brake System Market By Region, From 2020-2025 ( USD Billion )
  2. Global Brake 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 Brake 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 Brake 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 Brake 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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