Global Brake System Market Share Is Expected To Grow At A CAGR Of 4.9% By 2026

05-Feb-2020 | Facts and Factors

Facts and Factors have authored “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”. Based on our analysis, the global brake system market in 2020 was approximately USD 19.7 Billion and is anticipated to reach around USD 25.6 Billion by 2026. The anticipated CAGR for the brake system market is more than 4.9% from 2021 to 2026.

The brake is a mechanical system that controls the motion of a moving vehicle or an automobile. In terms of automobile application, brakes are the arrangement of various components and linkages in such a manner that converts the kinetic energy of the wheels into heat energy and helps in de-accelerating the wheels. The state of energy change is due to the friction produced between the brake shoes and the moving disc or drum of the system. The braking system is mandated for an automobile owing to several reasons that include controlling the vehicle from damage due to bad road conditions, precaution from an accident helps in stable parking, and in stopping a vehicle. Additionally, a large number of advantages of a braking system coupled with changing requirements have triggered the research activities. Several market players have developed advanced braking technology that provides a high level of safety in vehicles. Further, Anti-lock Braking System (ABS) has become a common feature for modern vehicles as it prevents a skid while braking.

Browse the full “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” Report at https://www.fnfresearch.com/brake-system-market-by-product-drum-brake-and

Growing demand for vehicle safety technologies such as an anti-lock braking system (ABS), electronic stability program (ESP), traction control system (TCS), and regenerative braking triggers manufacturers to integrate these technologies with high-end brake force distribution systems. Consumer reliance on such systems is playing a major role in driving the brake systems market. Rising disposable income improves consumers' potential and has increased demand for light-duty vehicles over the past few years to suit life standards. As a result, there is an increase in vehicle production which demands brake systems. Certain factors are positively impacting the brake system market globally. However, improving the life of brake resistance products to influence the demand for replacement systems is hampering the growth, and furthermore, the existence of replicas of brake systems in the aftermarket industry is affecting the growth of the brake system market.

The global brake system market is segmented on the basis of product and vehicle types. On the basis of the product, the market is classified into two drum brakes and disc brakes. Further, on the basis of vehicle type, the market is bifurcated into passenger vehicles and commercial vehicles. The disc brake segment holds the largest revenue market share owing to the increasing demand for disc brakes in passenger cars along with the stringent government rules and regulations in improving vehicle safety. The passenger vehicles segment dominate the global brake system, mainly due to the growing demand for passenger vehicles in developing countries such as India, China, and Southeast Asia.

The global brake system market is segregated into regions including North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa. Asia Pacific region holds the largest market share globally. The automotive manufacturers in this region support high-cost reduction, due to the abundance of low-cost manpower and raw material. Furthermore, the region comprises countries, such as China, and India increased their production of the vehicle continuously in recent years. In addition, the five regions which are majorly considered are further analyzed into the major countries from the regions respectively. Major countries analyzed in this research report are the U.S., Canada, UK, Mexico, Germany, China, France, Japan, India, South Korea, Argentina, and Brazil among others.

Report Scope

Top Market 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, Akebono Brake Industry, Disc Brakes Austria, Hitachi Automotive Systems Brembo S.p.A., and TVS Brake Linings Co., among others.

This report segments the brake system market as follows:

Global Brake System Market: By Delivery Mode Segment Analysis

• Hydraulic
• Pneumatic

Global Brake System Market: By Brake Type Segment Analysis

• Disc
• Drum

Global Brake System Market: By Technology Segment Analysis

• Antilock Braking Systems (ABS)
• Electronic Stability Control (ESC)
• Traction Stability Control (TCS)
• Electronic Brakeforce Distribution (EBD)

Global Brake System Market: By Vehicle Type Segment Analysis

• Passenger Cars
• Light Commercial Vehicles
• Others

Global Brake System Market: By Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle-East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

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