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Global Brake system Market to reach USD 28.23 Billion by 2027.

Global Brake system Market Size study, by Brake Type (Disc Brake, Drum Brake), by Technology (Anti-lock brake system, Electronic stability control, Traction Control system, Electronic Brakeforce distribution), by Vehicle Type (Passenger car, Light commercial vehicle, Truck, bus), and Regional Forecasts 2021-2027

Product Code: ALTAM-53223779
Publish Date: 2-09-2021
Page: 200

Global Brake system Market is valued approximately at USD 20.06 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2021-2027. Brake system is a kind of mechanical or electrical device which enables the vehicle to slow down or to stop according to requirement of the driver. The global Brake system market is being driven by increase in sales & production of commercial vehicles and off-highway truck and increase in stringency of automotive active safety regulations. Furthermore, regenerative braking to create lucrative growth in EV ecosystem and integration of ACC in electronic braking systems will provide new opportunities for the global Brake system industry. For instance, according to the report of International Organization of Motor Vehicle Manufacturers (OICA), in year 2019, the worldwide sales of commercial vehicles was 27 million units, which represents a growth of around 3.8% as compared to 2018. Also, by September 2022, the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (U.S.), with 20 other vehicle manufacturers, announced the adoption of the standard feature as automatic emergency braking (AEB) system in all new cars. As a result, increase in sales & production of commercial vehicles and off-highway trucks and rising stringency of automotive active safety regulations will serve as a catalyst for the Brake system industry in the future. However, high development and maintenance costs may impede market growth over the forecast period of 2021-2027.

Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global brake system market. The rising adaptation of advance electronic braking system such as ESC, ABS and TCS as well as growth in collaboration between various local players the Asia Pacific the leading region across the world in terms of market share. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing sales of premium and luxury vehicles in the region.
Major market player included in this report are:

Robert Bosch GmbH
Continental AG
ZF Friedrichshafen AG
Akebono Brake Industry Co., Ltd.
Brembo S.P.A
Aisin Seiki Co., Ltd.
Hitachi Astemo Ltd
Knorr-Bremse Ag
Haldex AB
Mando Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Brake Type:
Disc Brake
Drum Brake
By Technology:
Anti-lock brake system
Electronic stability control
Traction Control system
Electronic Brakeforce distribution
By Vehicle Type:
Passenger car
Light commercial vehicle

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Brake system Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Brake System Market, by Region, 2019-2027 (USD Billion)
1.2.2. Brake System Market, by Brake Type, 2019-2027 (USD Billion)
1.2.3. Brake System Market, by Technology, 2019-2027 (USD Billion)
1.2.4. Brake System Market, by Vehicle Type, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Brake System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Brake System Market Dynamics
3.1. Brake System Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increase in sales & production of commercial vehicles and off-highway trucks Increase in stringency of automotive active safety regulations
3.1.2. Market Restraint High development and maintenance costs
3.1.3. Market Opportunities Regenerative braking to create lucrative growth in EV ecosystem Integration of ACC in electronic braking systems
Chapter 4. Global Brake System Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Brake System Market, by Brake Type
5.1. Market Snapshot
5.2. Global Brake System Market by Brake Type, Performance – Potential Analysis
5.3. Global Brake System Market Estimates & Forecasts by Brake Type 2018-2027 (USD Billion)
5.4. Brake System Market, Sub Segment Analysis
5.4.1. Disc Brake
5.4.2. Drum Brake
Chapter 6. Global Brake System Market, by Technology
a. Market Snapshot
6.1. Global Brake System Market by Technology , Performance – Potential Analysis
6.2. Global Brake System Market Estimates & Forecasts by Technology2018-2027 (USD Billion)
6.3. Brake System Market, Sub Segment Analysis
6.3.1. Anti-lock brake system
6.3.2. Electronic stability control
6.3.3. Traction Control system
6.3.4. Electronic Brake force distribution
Chapter 7. Global Brake System Market, by Vehicle Type
b. Market Snapshot
7.1. Global Brake System Market by Vehicle Type, Performance – Potential Analysis
7.2. Global Brake System Market Estimates & Forecasts by Vehicle Type 2018-2027 (USD Billion)
7.3. Brake System Market, Sub Segment Analysis
7.3.1. Passenger car
7.3.2. Light commercial vehicle
7.3.3. Truck
7.3.4. Bus
Chapter 8. Global Brake System Market, Regional Analysis
8.1. Brake System Market, Regional Market Snapshot
8.2. North America Brake System Market
8.2.1. U.S. Brake System Market Brake Type breakdown estimates & forecasts, 2018-2027 Technology breakdown estimates & forecasts, 2018-2027 Vehicle Type breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Brake System Market
8.3. Europe Brake System Market Snapshot
8.3.1. U.K. Brake System Market
8.3.2. Germany Brake System Market
8.3.3. France Brake System Market
8.3.4. Spain Brake System Market
8.3.5. Italy Brake System Market
8.3.6. Rest of Europe Brake System Market
8.4. Asia-Pacific Brake System Market Snapshot
8.4.1. China Brake System Market
8.4.2. India Brake System Market
8.4.3. Japan Brake System Market
8.4.4. Australia Brake System Market
8.4.5. South Korea Brake System Market
8.4.6. Rest of Asia Pacific Brake System Market
8.5. Latin America Brake System Market Snapshot
8.5.1. Brazil Brake System Market
8.5.2. Mexico Brake System Market
8.6. Rest of The World Brake System Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Robert Bosch GmbH Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Continental AG
9.2.3. ZF Friedrichshafen AG
9.2.4. Akebono Brake Industry Co., Ltd.
9.2.5. Brembo S.P.A
9.2.6. Aisin Seiki Co., Ltd.
9.2.7. Hitachi Astemo Ltd
9.2.8. Knorr-Bremse Ag
9.2.9. Haldex AB
9.2.10. Mando Corporation

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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