Automotive Brakes

Automotive Brakes Market by Technology (Anti-lock braking system (ABS), Automatic Emergency Braking (AEB), Electronic Brakeforce Distribution (EBD)), Actuation (Hydraulic, Pneumatic), Component, Brake Type, Vehicle Type, Application - Global Forecast 2024-2030

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[181 Pages Report] The Automotive Brakes Market size was estimated at USD 25.65 billion in 2023 and expected to reach USD 27.22 billion in 2024, at a CAGR 6.19% to reach USD 39.06 billion by 2030.

Automotive Brakes Market
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Automotive brakes are an essential component of any vehicle, designed to slow down or stop a moving car safely and efficiently. They create friction between the brake pads and the wheels or a drum to reduce the vehicle's speed. This system is crucial for ensuring the safety of passengers and pedestrians alike. Several brakes are commonly used in vehicles, including disc and drum brakes. The effectiveness of automotive brakes is vital for preventing accidents and maintaining proper vehicle control while driving. Increased global vehicle production and sales and rising safety regulations and standards push car manufacturers to upgrade their brake systems, increasing demand. However, high maintenance and replacement costs can hamper the adoption. Nevertheless, rising demand for electric and hybrid vehicles, advancements in autonomous vehicle technology, and partnerships between automotive companies, universities, and research institutions are expected to create opportunities for innovation in automotive brake materials and technology.

Regional Insights

The automotive brake market in the Americas is characterized by stringent safety regulations and the growing demand for performance vehicles. Customers in these regions prioritize safety features, leading to a trend towards advanced braking systems such as anti-lock braking systems (ABS) and electronic stability control (ESC). The market has showcased substantial investments in research and development of more efficient and eco-friendly braking solutions, including innovations such as regenerative braking systems in electric and hybrid vehicles, which are gaining traction. The European market is highly regulated, strongly emphasizing reducing vehicle emissions and enhancing road safety. The presence of significant automotive manufacturers and suppliers who continuously invest in technology advancement plays a crucial role in the market dynamics. The EU regulations pushing for lower-emission vehicles coincide with the introduction of advanced technologies in braking systems. The Middle East, with its wealthier economies, such as the UAE and Saudi Arabia, demands luxury and performance vehicles that necessitate advanced braking systems. In Africa, the focus is more on affordability, and the adoption rates for advanced technology are comparatively slower, although the demand for automobiles is steadily growing. Asia-Pacific shows a rapid adoption of advanced braking mechanisms due to urbanization and increased vehicle production. Furthermore, the APAC region focuses heavily on innovation and has numerous electronic and automated braking system patents.

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Brakes Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • 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
Market Segmentation Analysis
  • Technology: Rising utilization of automatic emergency braking to prevent accidents or reduce their severity by automatically applying the brakes

    The anti-lock braking system controls the wheels from locking up and skidding during an abrupt braking situation. By allowing the wheels to maintain tractive contact with the road surface, ABS helps the driver maintain steering control, avoiding uncontrolled skidding and reducing stopping distances under certain conditions. Automatic emergency braking (AEB) is an advanced safety feature that prevents accidents or reduces their severity by automatically applying the brakes if a possible collision is noticed and the driver has not taken action quickly enough. Working with ABS, electronic brakeforce distribution (EBD) optimally distributes brake force among the wheels based on their load and driving conditions. This distribution enhances the effectiveness of braking, particularly in mixed or changing conditions, and helps achieve more balanced braking scenarios, thereby improving vehicle stability and efficiency in braking. Electronic stability control (ESC) is designed to support drivers maintain control of their vehicle during powerful steering maneuvers by detecting and lowering the loss of traction (skidding). Traction control system (TCS) prevents wheel spin under acceleration by braking individual wheels and reducing engine power as needed. This is particularly useful in slippery conditions. TCS helps maintain traction on challenging surfaces, improving the vehicle’s ability to accelerate without losing control.

  • Application: Evolving utilization of automotive brakes in the mining equipment

    Agricultural tractors require robust braking systems to manage the heavy loads and diverse terrains of farming environments. The brakes ensure the tractors can stop effectively and safely despite often carrying large, heavy implements or towing equipment like plows and harvesters. Effective braking systems in tractors contribute significantly to agricultural operations' overall safety and efficiency. In the construction industry, equipment such as loaders, excavators, and dump trucks depend on reliable brakes to operate safely in construction zones. These vehicles operate in potentially hazardous environments prone to dust and debris, which can impact the performance of brake systems. Therefore, the brakes used in this equipment are designed to be particularly robust and resistant to contaminants, ensuring the safety of operators and efficiency in handling heavy materials. Mining equipment, including haul trucks and drilling machines, operates in highly challenging environments. These vehicles are often required to navigate rough terrain, steep inclines, and variable surfaces, all while carrying heavy loads. The braking systems for these machines must be compelling and durable to prevent accidents, maintain operational efficiency, and meet the rigorous safety standards required in mining operations.

Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Automotive Brakes Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Automotive Brakes Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Automotive Brakes Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Automotive Brakes Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Automotive Brakes Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Automotive Brakes Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Automotive Brakes Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Automotive Brakes Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Automotive Brakes Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Automotive Brakes Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Brakes Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Brakes Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Aequita Group Acquires Bosch’s Brake Component Division, Reinforcing Its Automotive Portfolio

    Aequita Group acquired the brake components business from Bosch. This acquisition includes the operational facilities based in Munich, Germany, alongside the unit’s 2,000 employees, who will now transition to Aequita. This deal marks a pivotal shift for Aequita, a Munich-based investment group known for revitalizing and enhancing the value of the companies it acquires. Bosch has decided to divest this segment of its business to focus more on its core operations and future technologies. The transaction, finalized at the close of 2022, highlights Aequita’s commitment to investing in and growing its portfolio within the automotive sector, ensuring continuity and innovation in producing essential brake components. [Published On: 2024-02-07]

  • Disc Brakes Australia Partners with Motorsport Australia for Enhanced Racing Performance

    Disc Brakes Australia (DBA) joined forces with Motorsport Australia, aiming to elevate the standards of braking performance in competitive racing. This collaboration sees DBA, become the official brake partner for Motorsport Australia’s events throughout the year. This alliance underscores DBA’s commitment to advancing brake technology in high-stress racing environments and ensures that Motorsport Australia’s sanctioned events are equipped with top-tier, reliable braking solutions. This partnership represents a significant step in promoting safety and performance in Australian motorsports, enhancing the competitive edge of participants through integrating DBA’s high-quality brake components. [Published On: 2024-01-22]

  • ZF Introduces Innovative Electromechanical Dry Brake System for Enhanced Vehicle Safety and Sustainability

    ZF unveiled an advanced electromechanical dry brake system designed to enhance braking performance while aligning with sustainability goals significantly. This innovative system leverages electric actuation to replace traditional hydraulic brakes, offering precise braking control and improved functionality in various driving conditions. A notable feature of this system is its ability to recuperate energy, which contributes to increased overall vehicle efficiency, particularly in electric and hybrid vehicles. Furthermore, the system's dry brake approach eliminates the need for hydraulic fluids, thereby reducing potential environmental hazards and maintenance requirements. [Published On: 2023-11-16]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Brakes Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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.

Automotive Brakes Market - Global Forecast 2024-2030
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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:

  • Technology
    • Anti-lock braking system (ABS)
    • Automatic Emergency Braking (AEB)
    • Electronic Brakeforce Distribution (EBD)
    • Electronic Stability Control (ESC)
    • Traction Control System (TSC)
  • Actuation
    • Hydraulic
    • Pneumatic
  • Component
    • Brake Calipers
    • Brake Disc Rotors
    • Brake Pads
    • Brake Shoes
    • Master Cylinders
  • Brake Type
    • Dynamic Brake
    • Hydraulic Wet Brake
    • Hydrostatic Brake
  • Vehicle Type
    • Buses
    • Light Commercial Vehicles (LCVs)
    • Passenger Cars
    • Trucks
  • Application
    • Agricultural Tractors
    • Construction Equipment
    • Mining Equipment

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Automotive Brakes Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Automotive Brakes Market, by Technology
  7. Automotive Brakes Market, by Actuation
  8. Automotive Brakes Market, by Component
  9. Automotive Brakes Market, by Brake Type
  10. Automotive Brakes Market, by Vehicle Type
  11. Automotive Brakes Market, by Application
  12. Americas Automotive Brakes Market
  13. Asia-Pacific Automotive Brakes Market
  14. Europe, Middle East & Africa Automotive Brakes Market
  15. Competitive Landscape
  16. Competitive Portfolio
  17. List of Figures [Total: 28]
  18. List of Tables [Total: 564]
  19. List of Companies Mentioned [Total: 25]
Frequently Asked Questions
  1. How big is the Automotive Brakes Market?
    Ans. The Global Automotive Brakes Market size was estimated at USD 25.65 billion in 2023 and expected to reach USD 27.22 billion in 2024.
  2. What is the Automotive Brakes Market growth?
    Ans. The Global Automotive Brakes Market to grow USD 39.06 billion by 2030, at a CAGR of 6.19%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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