About Automotive Brake System
Automotive Brake System is a mechanical device that is used to inhibit motion or helps in stopping the motion of the vehicles. This braking system market is expected to observe a noteworthy upsurge over the next eight years, due to the implementation of advanced systems such as Antilock Braking System (ABS), Electronic Stability Control (ESC), Electronic Brake-Force Distribution (EBD), and Traction Control System (TCS), among others. Moreover, one of the most popular brake systems is hydraulics brake, owing to the use of liquid under pressure to transfer force or motion or to increase an applied force or to apply a break. The two important breaks that are applied in automobiles are drum brakes and disc brakes. The rising trend of automotive brake systems has gained much fame in recent times as they provide safer driving experiences.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
The global market for Automotive Brake System is fragmented in nature. Due to several government regulations and observation, the market percentile in every region is growing. For example, According to the World Health Organization (WHO), ~ 1.3 million deaths occur due to accidents and a majority of the deaths could be reduced with the integration of robust safety features into vehicles. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Automotive Brake System market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aisin Seiki Co, Ltd. (Japan), Robert Bosch GmbH (Germany), Volkswagen AG (Germany), BMW Group (Germany), Daimler AG (Germany), Delphi Automotive PLC (Ireland), Akebono Brake Industry Co., Ltd. (Japan), Brembo SpA (Italy), Continental AG (Germany), Federal-Mogul Holdings Corp (United States), Autoliv, Inc. (Sweden) and Haldex AB (Sweden) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nissin Kogyo Co., Ltd.(Japan), Wabco Holdings Inc. (United States) and ZF TRW (United States).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Brake System market by Type (Disc Brake and Drum Brake), Application (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles) and Region.
On the basis of geography, the market of Automotive Brake System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology Type, the sub-segment i.e. Antilock Braking System (ABS) will boost the Automotive Brake System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. Original Equipment Manufacturers (OEMs) will boost the Automotive Brake System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Brake Pad Material, the sub-segment i.e. Organic will boost the Automotive Brake System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Smart Braking Systems has led to a decrease in the Number of Accidents and Loss of Lives and Rise of Advanced Ride-By-Wire Technology, Also Known as the Electronically Controlled Braking System, Eliminates the Need for Pumps, Hoses, Belts, and many More
Market Growth Drivers:
Increasing the Rise for Safe and Secure Braking Systems in the Automobiles Industry and Increasing Stringency of Automotive Active Safety Regulations
Challenges:
Concern Related Toward Brake Emissions
Restraints:
The high costs of the latest technologies in the automotive braking system prove to be some hampering or challenging for automakers, owing to the technologies that can incorporate into low-priced vehicles. Another important problem faced by the manufacturers is counterfeit of parts, which can hamper the vehicle performance and safety.
Opportunities:
The increasing production of vehicles and sales, coupled with regulations over stopping distances, have contributed magnanimously to the growth and development of the industry.
Market Leaders and their expansionary development strategies
In April 2019, Volkswagen Group announced that it was merging all passenger car operations in India. The proposed merger has been approved by the boards of the three companies involved: Volkswagen India Private Ltd, Volkswagen Group Sales India Private Ltd, and Skoda Auto India Private Ltd. However, this transfer is subject to regulatory and legal approval. The merger brings Volkswagen, Skoda, Audi, Porsche, and Lamborghini under the common leadership of Gurpratap Boparai, who is leading the Volkswagen Group's 'India 2.0 Project'.
In December 2018, Yamaha has launched the Unified Breaking System. The new Unified Braking System (UBS) has a braking concept from Yamaha that supports the partial application of the front brake simultaneously when the rear brake is applied completely. The UBS enabled motorcycles from Yamaha will now have improved braking controls due to the intensification of braking force with the help of the new technology.
For instance, the National Highway Traffic Safety Administration (NHTSA), an agency of the U.S. Department of Transportation (DOT), has mandated the adoption of Automatic Emergency Braking (AEB) from 2022.
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.