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Automotive Brake System Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71764
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The automotive brake system market share is expected to increase by USD 5.05 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.48%.

This automotive brake system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive brake system market segmentation by type (passenger cars and commercial vehicles) and geography (APAC, Europe, North America, MEA, and South America). The automotive brake system market report also offers information on several market vendors, including Aisin Corp., Autoliv Inc., Brembo Spa, Continental AG, DENSO Corp., Hitachi Ltd., Hyundai Motor Group, Mando Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG among others.

What will the Automotive Brake System Market Size be During the Forecast Period?

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Automotive Brake System Market: Key Drivers and Trends

The increasing demand for safety measures to reduce accidental injuries is notably driving the automotive brake system market growth, although factors such as high dependency on advanced systems leading to unreliability of these systems may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive brake system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Brake System Market Driver

One of the key factors driving market growth for automotive brake systems is the increase in the demand for safety measures for avoiding accidental injuries. The rising number of road accidents is pushing original equipment manufacturers (OEMs) to implement safer braking systems in their vehicles and comply with stringent government norms. The increase in consumer expectations has forced the automotive industry to adopt increased electrification of various components in the vehicles. This move has enhanced 90% of the features in the vehicle model, increasing the automotive brake system market share.

Key Automotive Brake System Market Challenge

The high dependency on advanced systems is one of the key challenges for the automotive brake system market growth. There has been a technological breakthrough through the electrification of braking systems but their durability and reliability are a cause of concern among the users. For instance, BMW recalled 901 of their vehicles sold in 2019-2020 in North America because the driver-assist system with automatic braking systems, which detects and warns the driver about the obstacles, failed to activate the brakes. Such situations can be dangerous for the users, hence from the OEMs' perspective, this poses a challenge for the market.

This automotive brake system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025. 

Who are the Major Automotive Brake System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aisin Corp.
  • Autoliv Inc.
  • Brembo Spa
  • Continental AG
  • DENSO Corp.
  • Hitachi Ltd.
  • Hyundai Motor Group
  • Mando Corp.
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG

 

This statistical study of the automotive brake system market encompasses successful business strategies deployed by the key vendors. The automotive brake system market is fragmented and the vendors are deploying growth strategies such as focusing on designing and developing advanced braking systems to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive brake system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Automotive Brake System Market?

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58% of the market’s growth will originate from APAC during the forecast period. China is the key market for the automotive brake system market in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions.

The high-volume sales of hybrid passenger vehicles from various automakers will facilitate the automotive brake system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Automotive Brake System Market?

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The automotive brake system market share growth by the passenger cars segment will be significant during the forecast period. The passenger cars are equipped with disc braking systems as these are more efficient than the drum brakes for stopping vehicles. Moreover, disc brakes are designed with external anti-locking (aka ABS) for getting nomical control over the vehicle, as the disc brakes require more air-pressure as compared to drum brakes. These factors are boosting the prices of the automotive brake system, eventually fueling the market share growth with their high demand and safety features.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive brake system market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Brake System Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.48%

Market growth 2021-2025

$ 5.05 billion

Market structure

Fragmented

YoY growth (%)

3.35

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 58%

Key consumer countries

China, US, Germany, France, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aisin Corp., Autoliv Inc., Brembo Spa, Continental AG, DENSO Corp., Hitachi Ltd., Hyundai Motor Group, Mando Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive Brake System Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive brake system market growth during the next five years
  • Precise estimation of the automotive brake system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive brake system industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive brake system market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Passenger cars - Market size and forecast 2020-2025
    • Commercial vehicles - Market size and forecast 2020-2025
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption
      • Competitive Landscape

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Aisin Corp.
      • Autoliv Inc.
      • Brembo Spa
      • Continental AG
      • DENSO Corp.
      • Hitachi Ltd.
      • Hyundai Motor Group
      • Mando Corp.
      • Robert Bosch GmbH
      • ZF Friedrichshafen AG

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The automotive brake system market growth will increase by $5056.87 million during 2020-2025.
      The automotive brake system market is expected to grow at a CAGR of 4.48% during 2020-2025.
      Technavio has segmented the automotive brake system market by type (Passenger cars and Commercial vehicles) and geographic (APAC, Europe, North America, MEA, and South America).
      Aisin Corp., Autoliv Inc., Brembo Spa, Continental AG, DENSO Corp., Hitachi Ltd., Hyundai Motor Group, Mando Corp., Robert Bosch GmbH, ZF Friedrichshafen AG are a few of the key vendors in the automotive brake system market.
      APAC will register the highest growth rate of 57.89% among the other regions. Therefore, the automotive brake system market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the automotive brake system market growth are:
      • Increasing demand for safety measures to reduce accidental injuries
      The automotive brake system market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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