Automotive Brake System Market Growth, Demand and Challenges of the Key Industry Players 2032

The global automotive brake system market size reached US$ 49.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 73.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.47% during 2024-2032.

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1. Global Automotive Brake System Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

2. About IMARC Group IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. Across the six major continents and 100+ countries, we work alongside our business partners as one team with a common ambition to achieve unparalleled results, gain a competitive edge, and transform industries. IMARC Group excels in understanding its clients’ business priorities and delivering tailored solutions that drive meaningful outcomes. Our client base spans over 3,000 organizations in the private, public, and social sectors, ranging from high-growth startups to Fortune 500 companies. We provide a comprehensive suite of market entry and expansion services. Our offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. These services are designed to assist companies in evaluating market opportunities, setting up new entities, navigating regulatory landscapes, boosting brand visibility, analyzing competitors, and optimizing procurement strategies.

3. Report Highlight and Description According to the latest report by IMARC Group, titled  "Automotive Brake System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"  the  global automotive brake system market size reached US$ 49.3 Billion in 2023. Factors Affecting the Growth of the Automotive Brake System Industry: Regulations and Safety Standards: Governments worldwide impose regulations that require vehicles to be equipped with advanced braking systems for enhanced safety. For example, regulations may mandate anti-lock braking systems (ABS), electronic stability control (ESC), and traction control systems to improve vehicle stability and reduce accident rates. Safety standards often include rigorous testing and certification requirements for brake systems. This ensures that braking systems meet high performance and safety criteria before vehicles are approved for sale, driving the demand for high-quality and compliant braking components. Technological Advancements: In electric and hybrid vehicles, regenerative braking systems capture and convert kinetic energy into electrical energy during braking. This innovation improves energy efficiency and extends vehicle range, driving demand for advanced braking systems in the growing electric vehicle (EV) market.

4. Report Highlight and Description Technologies, such as automatic emergency braking (AEB), adaptive cruise control, and collision avoidance systems, rely on sophisticated brake systems. The integration of ADAS into vehicles necessitates the development of advanced braking technologies, enhancing safety and driving demand for these systems. Vehicle Electrification: One of the most significant impacts of vehicle electrification is the adoption of regenerative braking systems. These systems capture kinetic energy during braking and convert it into electrical energy, which is then stored in the vehicle’s battery. This not only improves energy efficiency and extends the range of electric vehicles (EVs) but also drives demand for advanced braking technologies. Electrified vehicles, including hybrids and EVs, require braking systems that are compatible with their electric powertrains. This includes the need for braking systems that work seamlessly with electric motors and battery management systems, leading to innovations in braking technology and design. Request for a PDF sample of this report: https://www.imarcgroup.com/automotive-brake-system-market/requestsample

5. Report Description Global Automotive Brake System Market Trends : The increasing adoption of electric and hybrid vehicles is driving the demand for advanced braking technologies like regenerative braking systems and brake-by-wire, which enhance energy efficiency and performance. The growing focus on vehicle safety is accelerating the development and integration of advanced braking technologies such as anti-lock braking systems (ABS), automatic emergency braking (AEB), and electronic stability control (ESC). The rise of autonomous and semi-autonomous vehicles is leading to the development of sophisticated braking systems that work in tandem with advanced driver assistance systems (ADAS) to improve safety and control. View Report TOC, Figures and Tables : https://www.imarcgroup.com/automotive-brake-system-market

6. Report Segmentation Breakup by Type: Disc Brakes Drum Brakes Breakup by Component: Master Cylinder Brake Pad Calipers Disc Vacuum Servo Brake Brake Drums Others Breakup by Technology: Anti-Lock Braking System (ABS) Traction Control System (TCS)

7. Report Segmentation Electronic Stability Control (ESC) Electronic Brake Force Distribution (EBD) Breakup by Vehicle Type: Passenger Cars Commercial Vehicles Breakup by Sales Channel: Original Equipment Manufacturers (OEMs) Aftermarket Breakup by Region: North America Asia-Pacific Europe Latin America Middle East and Africa

8. Competitive Landscape with Key Players Aisin Corporation Akebono Brake Industry Co. Ltd. BorgWarner Inc. Brembo S.p.A. Continental AG Haldex AB HELLA GmbH & Co. KGaA (Faurecia SE) Hitachi Ltd. Hyundai Mobis Co. Ltd. (Hyundai Motor Group) Knorr- Bremse AG Performance Friction Corporation Robert Bosch GmbH ZF Friedrichshafen AG.

9. Key Questions Answered in the Report

10. Key Questions Answered in the Report

11. Table of Contents 1    Preface 2    Scope and Methodology     2.1    Objectives of the Study     2.2    Stakeholders     2.3    Data Sources         2.3.1    Primary Sources         2.3.2    Secondary Sources     2.4    Market Estimation         2.4.1    Bottom-Up Approach         2.4.2    Top-Down Approach     2.5    Forecasting Methodology 3    Executive Summary 4    Introduction     4.1    Overview     4.2    Key Industry Trends 5    Global Automotive Brake System Market     5.1    Market Overview     5.2    Market Performance     5.3    Impact of COVID-19   5.4    Market Forecast 6     Market Breakup by Type 6.1 Disc Brakes 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Drum Brakes 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Component 7.1 Master Cylinder 7.1.1 Market Trends 7.1.2 Market Forecast        

12. Table of Contents 7.2 Brake Pad 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Calipers 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Disc 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Vacuum Servo Brake 7.5.1 Market Trends 7.5.2 Market Forecast 7.6 Brake Drums 7.6.1 Market Trends 7.6.2 Market Forecast 7.7 Others 7.7.1 Market Trends 7.7.2 Market Forecast 8 Market Breakup by Technology 8.1 Anti-Lock Braking System (ABS) 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Traction Control System (TCS) 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Electronic Stability Control (ESC) 8.3.1 Market Trends 8.3.2 Market Forecast For more information, visit : https://www.imarcgroup.com/automotive-brake-system-market/toc

13. Partial List of Clients

14. Partial List of Clients

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