Automotive Brake System Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel

MarkNtel Advisors recently published a detailed industry analysis of the Automotive Brake System Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Automotive Brake System Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Automotive Brake System Market size was valued at USD 23.25 billion in 2023 and is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30.

What are the major Driver the Automotive Brake System industry?

Increasing Adoption of ABS by Automotive Manufacturers to Amplify Market Growth – Road Accidents are common in several regions and these accidents are one of the leading causes of deaths across the globe. Based on a survey by the World Health Organization (WHO), every year more than 1 million individuals die due to road accidents. These accidents are majorly caused by overspeeding & vehicle component failure. Therefore, it has become of utmost importance for individuals to look for vehicles that ensure safety. As a result, several automotive manufacturers are increasingly adopting automotive brake systems since these barking systems provide better performance than conventional brakes. In addition, these accidents impact the individuals economically & emotionally. Therefore, the governing authorities are encouraging automotive manufacturers to adopt technologically advanced systems that ensure the safety of individuals. Therefore, the automakers are increasingly incorporating these advanced brakes within their vehicles, enhancing the Global Automotive Brake System market.

In addition, the awareness among consumers regarding their own safety is also generating the demand for vehicles equipped with these advanced systems. Therefore, to cater to this growing demand, automakers would continue to install these brakes into their newly launched & existing vehicle modes, uplifting the Global Automotive Brake System market in foreseen years as well.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/automotive-brake-system-market.html

What segments define the Automotive Brake System market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

• By Brake Type
• Disc Brakes- Market Size & Forecast 2019-2030, (USD Million)
• Drum Brakes- Market Size & Forecast 2019-2030, (USD Million)
• Hydrostatic Brakes- Market Size & Forecast 2019-2030, (USD Million)
• Hydraulic Wet Brakes- Market Size & Forecast 2019-2030, (USD Million)
• Dynamic Brakes- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)
•  By Technology
• Anti-lock Braking System (ABS)- Market Size & Forecast 2019-2030, (USD Million)
• Electronic Stability Control (ESC)- Market Size & Forecast 2019-2030, (USD Million)
• Traction Control System (TCS)- Market Size & Forecast 2019-2030, (USD Million)
• Electronic Brakeforce Distribution (EBD)- Market Size & Forecast 2019-2030, (USD Million)
• Automatic Emergency Braking (AEB)- Market Size & Forecast 2019-2030, (USD Million)
•  By Vehicle Type
• Passenger Cars- Market Size & Forecast 2019-2030, (USD Million)
• Light Commercial Vehicles- Market Size & Forecast 2019-2030, (USD Million)
• Trucks- Market Size & Forecast 2019-2030, (USD Million)
• Buses- Market Size & Forecast 2019-2030, (USD Million)

According to report, The Passenger Car brake systems segment is poised to dominate the Automotive Brake System Market, holding the largest market share during the forecast period.

• By Actuation Type
• Hydraulic- Market Size & Forecast 2019-2030, (USD Million)
• Pneumatic- Market Size & Forecast 2019-2030, (USD Million)
•  By Component
• Master Cylinders- Market Size & Forecast 2019-2030, (USD Million)
• Brake Pads- Market Size & Forecast 2019-2030, (USD Million)
• Brake Shoes- Market Size & Forecast 2019-2030, (USD Million)
• Brake Calipers- Market Size & Forecast 2019-2030, (USD Million)
• Brake Disc Rotors- Market Size & Forecast 2019-2030, (USD Million)
•  By Electric Vehicle Type
• Battery EVs- Market Size & Forecast 2019-2030, (USD Million)
• Plug-in Hybrid EVs- Market Size & Forecast 2019-2030, (USD Million)

According to report, Of them all, battery EVs hold the dominant market share in the Global Automotive Brake System market.

• By Application

o   Agricultural Tractors- Market Size & Forecast 2019-2030, (USD Million)

o   Construction Equipment- Market Size & Forecast 2019-2030, (USD Million)

• Mining Equipment- Market Size & Forecast 2019-2030, (USD Million)

Explore the Complete Automotive Brake System Market Analysis Report – https://www.marknteladvisors.com/research-library/automotive-brake-system-market.html

Geographical Analysis: Automotive Brake System Market

o   North America

o   Europe

o   Asia-Pacific

o   South America

o   Middle East & Africa

Automotive Brake System Market Share & Competitive Landscape:

The Automotive Brake System Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the Automotive Brake System Market are:

• Continental Ag
• Robert Bosch Gmbh
• Zf Friedrichshafen Ag
• Akebono Brake Industry Co., Ltd.
• Brembo S.P.A
• Aisin Seiki Co., Ltd.
• Hitachi Astemo Ltd.
• Knorr-Bremse Ag
• Haldex Ab
• Denso Corporation
• Mando Corporation
• Hyundai Mobis Co., Ltd.
• Wuhan Youfin Auto Parts Co., Ltd.
• Bethel Automotive Safety System Co., Ltd. (WBTL)
• Beringer

Automotive Brake System Industry Recent Development:

• 2023: Brembo S.p.A. introduced Greenance, a cutting-edge brake kit tailored for light commercial vehicles. With over three times the lifespan of current aftermarket alternatives, Greenance slashes particulate emissions by over 80%. This innovative kit strikes a balance between efficiency and durability, significantly reducing environmental impact during braking.
• 2023: Continental AG launched its latest conventional electronic brake system, the MK 120 Electronic Stability Control. It has commenced supplying this system to Chinese automaker Changan.
• 2023: ZF Industrial Technology division unveiled its innovative brake-by-wire system that would integrate into vehicles supporting heavy-duty industries like construction, mining, and agriculture.

 Questions Addressed in this Study

1.What factors are driving the Automotive Brake System Market growth?

2.How is the Automotive Brake System Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Automotive Brake System Market?

4.What is the current size of the Automotive Brake System Market, and how is it projected to change in the future?

6.What is the future outlook for the Automotive Brake System Market in terms of technological advancements and market expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/automotive-brake-system-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 |  +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India