MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Automotive Brake System Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Automotive Brake System, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019–22
• Base Year: 2023
• Forecast Years: 2024–30

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

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Automotive Brake System Market Outlook

The Global 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. The market is poised for growth, driven by several key factors like stringent safety regulations aimed at enhancing vehicle safety standards & compelling automotive manufacturers to invest in advanced brake systems. Additionally, individuals nowadays prefer to purchase high-end and luxury vehicles equipped with advanced braking systems. Therefore, the automakers are incorporating the barking systems based on the advanced technologies within their vehicle models, augmenting the Global Automotive Brake System market.

Automotive Brake System Market Drivers:

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.

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Automotive Brake System Market Challenge:

High Costs of Advanced Braking Technology Slows Down the Market Growth – Conventional braking systems are made up of brake pads, brake shoes & brake fluids, which are relatively low costs. However, automatic brake systems have sensors based on advanced technologies like integration with IoT that make the costs of these brakes significantly higher than the traditional brake systems. Moreover, these braking systems require frequent maintenance to ensure the smooth functioning of the vehicles. The maintenance involves regular lubrication & replacement of the brake fluids, which acts as an additional cost for the consumers. Based on the company website, the average repair of the sensors, a pivotal component of the automotive brake system, lies between USD150 to USD400. Therefore, the end-users refrain from purchasing automotive brake systems and tend to use vehicles with conventional brake systems. In addition, the repairing costs of these brake systems are also higher since the repairing includes the replacement of the expensive essential components, like drums & pads. Therefore, individuals rely on conventional braking systems rather than automotive brake systems, restraining the Global Automotive Brake System Market growth.

Automotive Brake System Market Segmentation

The study categorizes the Automotive Brake System into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

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)

 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)

 By Application

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

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

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Leading Companies in Automotive Brake System Market Worldwide: Players, Analysis & Future Outlook

• 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
•  

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/automotive-brake-system-market.html   

Frequently Asked Questions (FAQ)

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About Us

MarkNtel Advisors is a leading research and consulting firm providing strategic intelligence across the automotive industry, spanning automobiles, electric vehicles, autonomous driving, and automotive components & electronics. Our research helps OEMs, suppliers, and investors navigate regulatory shifts, evolving mobility patterns, and emerging EV ecosystems. With Custom Market Analysis, we deliver tailored research solutions that address specific business objectives, empowering clients to optimize investments, accelerate innovation, and sustain long-term growth in the global automotive market.

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