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Brake System Trends and Forecast
The future of the global brake system market looks promising with opportunities in the passenger car and commercial vehicle markets. The global brake system market is expected to reach an estimated $33.4 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are enforcement of rigorous safety regulations, embrace of high-end vehicles, and the growing utilization of disc brakes in the commercial vehicle sectors.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Brake System by Segment
The study includes a forecast for the global brake system by product, technology, vehicle type, and region.
Brake System Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Disc Brake
• Drum Brake
Brake System Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Anti- lock Brake System (ABS)
• Traction Control System (TCS)
• Electronic Stability Control (ESC)
• Electronic Brake- Force Distribution (EBD)
Brake System Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Commercial Vehicles
Brake System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Brake System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies brake system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the brake system companies profiled in this report include-
• Advics
• ZF Friedrichshafen
• Akebono Brake Industry
• Hitachi Automotive System
• Brembo
• Robert Bosch
• Aisin Seiki
• Haldex
Brake System Market Insights
Lucintel forecasts that anti-lock brake system (ABS) is expected to witness highest growth over the forecast period due to proactive initiatives undertaken by various automotive organizations to ensure the compulsory implementation of ABS in crucial markets, as well as, recognized advantages in restoring vehicle stability during emergencies.
APAC is expected to witness highest growth over the forecast period due to the presence of affordable labor and readily available raw materials, as well as, companies in the area provide substantial cost advantages in this region.
Features of the Global Brake System Market
Market Size Estimates: Brake system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Brake system market size by product, technology, vehicle type, and region in terms of value ($B).
Regional Analysis: Brake system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, technology, vehicle type, and regions for the brake system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the brake system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the brake system market size?
Answer: The global brake system market is expected to reach an estimated $33.4 billion by 2030.
Q.2 What is the growth forecast for brake system market?
Answer: The global brake system is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the brake system market?
Answer: The major drivers for this market are enforcement of rigorous safety regulations, embrace of high-end vehicles, and the growing utilization of disc brakes in the commercial vehicle sectors.
Q4. What are the major segments for brake system market?
Answer: The future of the brake system market looks promising with opportunities in the passenger car and commercial vehicle markets.future of the global brake system market looks promising with opportunities in the passenger car and commercial vehicle markets.
Q5. Who are the key brake system market companies?
Answer: Some of the key brake system companies are as follows:
• Advics
• ZF Friedrichshafen
• Akebono Brake Industry
• Hitachi Automotive System
• Brembo
• Robert Bosch
• Aisin Seiki
• Haldex
Q6. Which brake system market segment will be the largest in future?
Answer: Lucintel forecasts that anti- lock brake system (ABS) is expected to witness highest growth over the forecast period due to proactive initiatives undertaken by various automotive organizations to ensure the compulsory implementation of ABS in crucial markets, as well as, recognized advantages in restoring vehicle stability during emergencies.
Q7. In brake system market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to the presence of affordable labor and readily available raw materials, as well as, companies in the area provide substantial cost advantages in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the brake system market by product (disc brake and drum brake), technology (anti- lock brake system (ABS), traction control system (TCS), electronic stability control (ESC), and electronic brake- force distribution (EBD)), vehicle type (passenger cars and commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Brake System Market, Brake System Market Size, Brake System Market Growth, Brake System Market Analysis, Brake System Market Report, Brake System Market Share, Brake System Market Trends, Brake System Market Forecast, Brake System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Brake System Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Brake System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Brake System Market by Product
3.3.1: Disc Brake
3.3.2: Drum Brake
3.4: Global Brake System Market by Technology
3.4.1: Anti- lock Brake System (ABS)
3.4.2: Traction Control System (TCS)
3.4.3: Electronic Stability Control (ESC)
3.4.4: Electronic Brake- Force Distribution (EBD)
3.5: Global Brake System Market by Vehicle Type
3.5.1: Passenger Cars
3.5.2: Commercial Vehicles
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Brake System Market by Region
4.2: North American Brake System Market
4.2.1: North American Brake System by Technology: Anti- lock Brake System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake- force Distribution (EBD)
4.2.3: North American Brake System by Vehicle Type: Passenger Cars and Commercial Vehicles
4.3: European Brake System Market
4.3.1: European Brake System by Technology: Anti- lock Brake System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake- force Distribution (EBD)
4.3.2: European Brake System by Vehicle Type: Passenger Cars and Commercial Vehicles
4.4: APAC Brake System Market
4.4.1: APAC Brake System by Technology: Anti- lock Brake System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake- force Distribution (EBD)
4.4.2: APAC Brake System by Vehicle Type: Passenger Cars and Commercial Vehicles
4.5: ROW Brake System Market
4.5.1: ROW Brake System by Technology: Anti- lock Brake System (ABS), Traction Control System (TCS), Electronic Stability Control (ESC), and Electronic Brake- force Distribution (EBD)
4.5.3: ROW Brake System by Vehicle Type: Passenger Cars and Commercial Vehicles
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Brake System Market by Product
6.1.2: Growth Opportunities for the Global Brake System Market by Technology
6.1.3: Growth Opportunities for the Global Brake System Market by Vehicle Type
6.1.4: Growth Opportunities for the Global Brake System by Region
6.2: Emerging Trends in the Global Brake System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Brake System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Brake System Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Advics
7.2: ZF Friedrichshafen
7.3: Akebono Brake Industry
7.4: Hitachi Automotive System
7.5: Brembo
7.6: Robert Bosch
7.7: Aisin Seiki
7.8: Haldex
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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