Brake Systems Market

Global Brake Systems Market is valued at USD 19.82 Billion in 2021 and is expected to reach USD 28.79 Billion by 2028 with a CAGR of 4.78% over the forecast period.

Scope of The Report

Brake systems are something that are essential mechanical fixtures in the machine and automotive equipment used for the reduction of speed of this system. The brakes’ average lifecycle is a lot less, therefore the introduction of the enhanced brakes has been driving this market. This is eventually going to boost growth of these sectors like the oil & gas, automotive, coat industry along with others. Recently, the demand and urbanization for a convenient lifestyle have been propelling this market. These are the factors which are anticipated for making for the opportunities for the period of forecast.

The global brake systems market has been segmented on the basis of component, type, application and the geography. On the basis of type, the global brake systems market is categorized in to drum, disc, advanced emergency system, anti-lock system as well as others On the basis of application, the divide is into aerospace, industrial machines, commercial vehicles and also others.

Brake Systems Manufacturers

Major players in the global brake systems market are,

• Federal-Mogul LLC
• Tenneco Inc
• Miba
• AISIN SEIKI
• Robert Bosch GmbH
• Brembo
• Nisshinbo Holdings Inc
• Akebono Brake Corporation 
• Delphi Automotive LLP

Brake Systems Segments

By Brake Type

• Disc Brake
• Drum Brake

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Technology Type

• Anti-Lock Braking System (ABS)
• Electronic Stability Control (ESC)
• Traction Control System (TCS)
• Electronic Brake-Force Distribution (EBD)

Increase In Use Of The Electric Components Leading To The Growth In The Global Brake Systems Market

The increase in the use of electric components is a major contributor in the growth of the market. The use of the electronic components is leading to the development of the technologies like the TCS, ABS and the ESC and EBD. Adoption of the advanced technologies in addition to the growth in the popularity of the vehicle safety in consumers has been presumed to be a driving factor in the market. The higher costs of integration is a major factor which restrains the adoption of these braking systems. Therefore, the majority of the systems are solely integrated in the luxury and premium vehicles. The global brake systems market has been showing a good amount of growth in the last few years and is also expected to show a good amount of growth in the next few years.

The major factors which drive growth of the global brake systems market has been the stringency in growth in the vehicle safety norms. The low quality and duplicate brake systems have been restraining the market growth. Furthermore, the usage of the light weight and eco-friendly brake systems have been expected to provide the newer opportunities in the market of brake systems.

Asia Pacific Is Expected To Be The Biggest Regional Global Brake Systems Market

As per region, the global brake systems market has been segmented into North America, Asia-Pacific and Europe and LAMEA region. The segment of passenger cars has been expected to growth at the highest in the regions of India and China in the Asia Pacific region and it is thus estimated that the market will growth the most in the region of Asia Pacific. The largest share of market has been accounted for by the region of Asia Pacific and this is due to production increase of vehicles and the popularity of safety features in the vehicles. The markets are expected to be growing at a faster rate and it is due to the population increase in the Asian countries.

Regional Analysis Market

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of ME

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 19.82 Billion
Base year considered	2021
Forecast Period CAGR %:	4.78%
Market Size Expected in 2028:	USD 28.79 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	Federal-Mogul LLC, Tenneco Inc, Miba, AISIN SEIKI, Robert Bosch GmbH, Brembo, Nisshinbo Holdings Inc, Akebono Brake Corporation, Delphi Automotive LLP
Segments Covered	By Brake Type, By Vehicle Type, By Technology Type
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Afric