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Brake System Market Size, Share Global Analysis Report, 2021 – 2026
Brake System Market By Delivery Mode (Hydraulic & Pneumatic), By Brake Type (Disc & Drum), By Technology (Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS), & Electronic Brakeforce Distribution (EBD)), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026
Industry Insights
[193+ Pages Report] The latest finding surrounding the “Global Brake System Market” published by Facts & Factors offers a neatly packaged and comprehensive read. This report estimates that the global brake system market will reach a projected value of USD 25.6 Billion by 2026 with a growth rate of 4.9% CAGR from an initial value of USD 19.7 Billion in the year 2020.
Market Overview
Brakes are an essential component of any equipment that has the ability to travel at a greater motion. While the parts of any braking system vary from system to system, some similar components are master cylinders, brake pedal, brake shoes, brake calipers, brake drum, brake disc, brake rotor, liners, and hoses. Braking systems in automobiles are often interconnected by various mechanical linkages and components which have the ability to convert any kinetic energy into heat energy while bringing the vehicle to a standstill.
Key Insights from Primary Research
- As per our primary interviews, the global brake system market is set to grow annually at a rate of around 4.9%.
- It was established through primary research that the global brake system market was valued at around USD 19.7 Billion in 2020.
- The Asia Pacific is presently holding the largest revenue share among all the regions and is further expected to maintain its position throughout the forecast period.
- The “disc brakes” category, on the basis of product type segmentation, was the leading revenue-generating category accounting for around 77% share, in 2019
- According to key industry respondents, on the basis of vehicle type segmentation, the “passenger vehicles” industry segment held the leading share at around 73%, in 2019.
Key Recommendations from Analysts
- As per our analysts, the global brake system market is expected to grow significantly over the forecast period.
- The strategic and competitive advantage provided by the deployment of automated professional services is anticipated to be the key factor driving this market globally
- Our team of analysts has identified, disc brakes as the fastest-growing product type segments and offering potential opportunities for the players operating in this market owing to their advantageous features.
- In recent years, passenger vehicle production is growing rapidly, and this segment is expected to grow over the forecast period
- Implementation of strict government mandates across the globe is one of the primary factors boosting the demand for the global brake systems market
Industry Growth Factors
The primary driving factors for the significant growth of the global brake system market attributes to the rising number of stringent regulations aimed at increasing consumers' safety coupled with the rising adoption of high-end and luxurious cars to name a few. Additionally, increased integration of air disc brakes toward passenger and commercial vehicles coupled with rising demand for increasing stopping distance for light and heavy-duty vehicles is expected to increase the footprint of the global brake system market during the advent of the forecast period. Moreover, rising demands for brake by wire systems coupled with the technological development of additional braking measures such as ABS, ESP, and ETC are further expected to push the boundaries of the global brake system market toward a new high.
The global brake system market is expected to be driven by factors such as the integration of smart brakes leading to a decrease in the number of accidents coupled with the rising production of vehicles in terms of production and sales to name a few. Rising installation measures in terms of active and passive solutions coupled with rising consumer awareness due to the rising number of roadside accidents are expected to fuel the growth of the global brake system market during the advent of the forecast period. However, a higher development cost and increasing maintenance cost are expected to hamper the growth of the global brake system market during the advent of the forecast period to some extent.
Segmentation Analysis
The global brake system market is segmented into the delivery mode, brake type, technology, vehicle type, and region.
On the basis of delivery mode, the global brake system market is divided into hydraulic and pneumatic. The hydraulic segment is expected to witness the largest market share during the advent of the forecast owing to lighter construction coupled with lower overall weight when compared to its counterpart. On the basis of brake type, the global brake system market is bifurcated into disc and drum. The disc segment is expected to witness the fastest growing CAGR during the advent of the forecast owing to increased functionality in adverse weather conditions coupled with easy integration with other systems to name a few. On the basis of technology, the global brake system market is fragmented into antilock braking systems (ABS), electronic stability control (ESC), traction stability control (TCS), and electronic brakeforce distribution (EBD). The statement pertaining to ABS is expected to witness the largest market share during the advent of the forecast owing to mandatory installation of ABS in various parts of the globe coupled with gaining instant vehicular control during emergency situations to name a few. On the basis of vehicle type, the global brake system market is classified into passenger cars, light commercial vehicles, and others. The passenger cars category is expected to witness the largest market share during the advent of the forecast owing to the rise in passenger car production and sale coupled with the rising technological advancements such as electro-mechanical brakes.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 19.7 Billion |
Projected Market Size in 2026 |
USD 25.6 Billion |
CAGR Growth Rate |
4.9% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Robert Bosch, ZF Friedrichshafen AG, Continental AG, Aisin Seiki Co Ltd., Knorr-Bremse AG, Brembo S.p.A., ADVICS Co. Ltd., Autoliv, Inc., Fedeal-Mogul Holding, Performance Friction Corporation, Akebonbo Brake Industry, Disc Brakes Austria, Hitachi Automotive Systems Brembo S.p.A., and TVS Brake Linings Co., among others. |
Key Segments |
Delivery Mode, Brake Type, Technology, Vehicle Types, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Purchase Options |
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Regional Analysis
Asia-Pacific is expected to witness the largest market share during the advent of the forecast owing to the increasing availability of low-cost labor and raw materials coupled with the rising popularity of active braking systems to name a few. Moreover, increased vehicular sales of premium and luxurious automobiles coupled with the rising penetration of international players in the region is expected to increase the footprint of the brake system market in the region. Increasing adoption of electronic braking systems coupled with increasing collaboration between local and global players is expected to increase the footprint of the brake system market during the advent of the forecast period. Additionally, mandatory fitment of ESC in the latest generation of passenger cars coupled with the rising disposable income among consumers is expected to further enhance the existing boundaries of the brake system market in the region.
Competitive Players
The key market participants for the global brake system market are :
- Robert Bosch
- ZF Friedrichshafen AG
- Continental AG
- Aisin Seiki Co Ltd.
- Knorr-Bremse AG
- Brembo S.p.A.
- ADVICS Co. Ltd.
- Autoliv Inc.
- Fedeal-Mogul Holding
- Performance Friction Corporation
- Akebonbo Brake Industry
- Disc Brakes Austria
- Hitachi Automotive Systems Brembo S.p.A.
- TVS Brake Linings Co.
By Delivery Mode Segment Analysis
- Hydraulic
- Pneumatic
By Brake Type Segment Analysis
- Disc
- Drum
By Technology Segment Analysis
- Antilock Braking Systems (ABS)
- Electronic Stability Control (ESC)
- Traction Stability Control (TCS)
- Electronic Brakeforce Distribution (EBD)
By Vehicle Type Segment Analysis
- Passenger Cars
- Light Commercial Vehicles
- Others
By Regional Segment Analysis
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Table of Content
Industry Major Market Players
- Robert Bosch
- ZF Friedrichshafen AG
- Continental AG
- Aisin Seiki Co Ltd.
- Knorr-Bremse AG
- Brembo S.p.A.
- ADVICS Co. Ltd.
- Autoliv Inc.
- Fedeal-Mogul Holding
- Performance Friction Corporation
- Akebonbo Brake Industry
- Disc Brakes Austria
- Hitachi Automotive Systems Brembo S.p.A.
- TVS Brake Linings Co.
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