Automotive Brake System Market $78.17 Billion By 2032, CAGR: 5.3%

Automotive Brake System Market Size Worth $78.17 Billion By 2032 | CAGR: 5.3%


The global Automotive Brake System market size is expected to reach USD 78.17 Billion by 2032, according to a new study by Polaris Market Research. The report “Automotive Brake System Market Share, Size, Trends, Industry Analysis Report, By Type (Disk Brakes, Drum Brakes); By Vehicle Type; By Technology; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The automotive brake systems market is undergoing a significant transformation due to the growing awareness among consumers about the crucial role of vehicle safety. As more people realize the importance of braking systems in ensuring road safety, there has been a surge in demand for high-performance braking solutions. As a result of this increased awareness, car buyers are prioritizing vehicles that come equipped with advanced braking technologies. Consumers demand advanced brake systems due to growing concerns over vehicle safety. Features like AEB, collision avoidance systems, and adaptive cruise control rely on reliable braking systems.

An automotive brake system is a crucial component of vehicles that is designed to slow down or stop the vehicle's motion. The main purpose of a braking system is to convert the kinetic energy of a moving vehicle into heat energy through friction, thereby reducing its speed or bringing it to a complete halt.

The introduction and advancement of smart braking systems in automobiles have significantly contributed to the decrease in accidents. The latest technological advancements have made the system highly effective in preventing vehicle skidding, thereby lowering the possibility of accidents. The increase in traffic fatalities has prompted industry leaders to adopt stringent safety measures. As a result, the rapid increase in automobile production, combined with the rising incidence of traffic accidents, is expected to drive the growth of automotive brake systems in the forecast period. Continuous technological advancements ensure that modern braking systems provide excellent performance with low failure rates. These advancements also ensure that braking systems utilized at the current time have significantly longer service lives, resulting in fewer replacements.

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The use of electronic systems like anti-lock braking systems (ABS), electronic stability control (ESC), and regenerative braking systems is becoming increasingly common. Additionally, there is a growing focus on the development of self-driving cars and the implementation of advanced driver assistance systems (ADAS), comprising intelligent braking technologies such as emergency braking and collision avoidance systems.  

Automotive Brake System Market Report Highlights

  • The disk brake segment dominated the market in 2023. Disk brake deliver superior performance in rigid weather conditions without fading and overheating.
  • The passenger cars segment held the largest market share due to the rising disposable income, increasing urbanization, and surging population growth.
  • Asia-Pacific is accounted for the largest market share due to the rapid urbanization, surging middle-class population, and rising sales of premium vehicles.
  • North America has witnessed the fastest growth, owing to the presence of leading automakers and extensions in passenger cars and commercial vehicles in the market.
  • The global key market players include ADVICS CO., LTD., AISIN CORPORATION, AKEBONO BRAKE INDUSTRY CO., LTD., Brembo S.p.A, Haldex, Hitachi Astemo, Ltd., NISSIN KOGYO Co., Ltd., Robert Bosch GmbH, The Web Co, ZF Friedrichshafen AG.

Polaris Market Research has segmented the Automotive Brake System market report based on type, vehicle type, technology, and region:

Automotive Brake System, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Disc Brakes
  • Drum Brakes

Automotive Brake System, Vehicle Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Passenger Cars
  • Commercial Vehicles

Automotive Brake System, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

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

Automotive Brake System, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Automotive Brake System Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 51.87 billion

Revenue forecast in 2032

USD 78.17 billion

CAGR

5.3% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Type, By Vehicle Type, By Technology, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization    

Report customization as per your requirements with respect to countries, region and segmentation

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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