Global Automotive Brake System Market Forecast to 2028: Stringent Safety Standards and Growing Popularity of Disc Brakes to Drive Market Growth - A USD 30.1 Billion Market by 2028 - ResearchAndMarkets.com

The "Global Automotive Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD, AEB), OHV Brakes (Hydraulic Wet, Hydrostatic, Dynamic), On & Off-Highway Vehicles & Electric Vehicles, Component, Actuation and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The automotive brake system market is estimated to grow from USD 23.5 billion in 2023 to USD 30.1 billion by 2028 at a CAGR of 5.1% during the forecast period. The demand for automotive brake systems is growing because governments worldwide are mandating the installation of vehicle safety features such as ABS, ESC, TCS, and EBD. This has strongly driven the electronic brake system market. The growing popularity of high-end and luxury cars would further fuel this demand.

Countries like India, China, Brazil, Mexico, and Argentina focus on enhanced automotive safety standards. However, the high maintenance and repair costs can hinder market growth, especially in developing countries.

Agricultural tractors to dominate the off-highway brake system market

Agricultural tractors hold the largest market for brakes during the forecast period. Agricultural tractors are widely used in wet and muddy farmlands, and hence, drum brakes are unsuitable for achieving the desired performance as they get heated quickly and experience friction loss. Due to their robustness and effectiveness in handling heavy-duty applications, hydraulic wet brakes are predominantly preferred in agriculture tractors. These brakes ensure reliable stopping power and durability, essential for challenging terrains and rigorous usage. They are also preferred for farming due to low maintenance requirements and no major price difference compared to dry disc brake systems. Presently, a high installation rate of hydraulic wet brakes (more than 80%) exists in agricultural tractors, mostly equipped on the rear axle.

According to insights from industry experts, drum brakes find application in less than 30 horsepower tractors, mainly in emerging economies of the Asia Pacific region. Initially, a hydraulic single-line brake system was installed in tractors. However, the new tractor models are equipped with dual-line braking systems, considered a suitable option for running at speeds of 40 km/h and above. The increasing levels of farm mechanization and anticipated advancements in braking technology will subsequently spur the growth of the agricultural tractor brake system market.

The Pneumatic System market is analyzed to grow at the fastest growing brake actuation type

The pneumatic brake system is popular in the heavy-duty trucks and bus segments as it offers superior performance, safety, efficiency, and strict regulation compliance, making it an ideal choice for heavy-duty applications. As global heavy vehicle manufacturers and braking companies strongly emphasize safety and performance, they embrace air brake technology, ensuring their trucks meet the demanding requirements of various industries and sectors, including construction, logistics, and transportation.

The US has mandated pneumatic brake systems for heavy truck applications for stopping distance since August 2013. For these heavy truck tractors, the amended standard requires those vehicles to stop at not more than 250 feet when loaded to their gross vehicle weight rating (GVWR) and tested at 60 miles per hour (mph). Further, these regulations demand brake systems compatible with ABS and ESC, as manufacturers must meet the regulatory standards. With ongoing technological progress, there is a growing demand for brake systems that integrate ABS and ESC as vehicle manufacturers strive to incorporate the latest safety features. Some OEMs, such as Daimler AG, Volvo, and PACCAR, offer anti-lock braking systems with air disc brakes in their commercial truck models, such as Freightliner Cascadia, Volvo VNL, and Kenworth T680. Thus, the integration of ABS and ESC technologies in the brake systems of heavy commercial vehicles will bring a positive growth trajectory to allow brake manufacturers to increase their business venture in pneumatic brake systems.

North America holds the largest market share in the ATV brake system market during the forecast period

ATVs are used in multiple sports, agriculture, military & defense, and construction applications. Hydraulic disc brake systems are primarily fitted in ATVs due to their effectiveness in providing reliable stopping power across diverse terrains. Hydraulic disc brakes excel in off-road conditions, offering precise control and responsiveness. Other benefits include improved heat dissipation, reduced fade during prolonged use, and the ability to handle the varying demands of different terrains. Major ATV manufacturers such as Polaris, Honda, and Textron offer models loaded with hydraulic disc brakes to optimize performance. Owing to their advantages and ongoing developments to diversify the usage of ATVs, the demand for hydraulic disc brake systems is expected to notice a positive growth trend in the upcoming years

North America has the largest share of the ATV market owing to increasing recreational activities, government support for off-road racing such as desert racing, and dirt racing, and growing demand for ATVs in military and farm applications. Thus, with growing sales of ATVs in North America for a variety of applications, the demand for brake systems for ATVs in North America will increase.

The report provides insights on the following:

• Country-level brake type-wise market: The report offers in-depth market sizing and forecasts for 2028 by brake types, such as disc and drum brakes. This study covers the market sizing for the automotive brake system market at the country and regional levels.
• By Technology & Vehicle type: The report offers in-depth market sizing and forecasts up to 2028 by technology, such as ABS, ESC, TSC, EBD, and AEB at the regional level. In-depth analysis of different technology types used in vehicle type at the regional level.
• Component Type & By Actuation Type: The report offers in-depth market sizing and forecasts up to 2028 by component types, such as master cylinders, brake pads, brake shoes, brake calipers, and brake disc rotors. The report provides market sizing and forecasting till 2028 by actuation type, such as hydraulic and Pneumatic, for each vehicle type.
• The report provides the market share of the leading automotive brake system market players.
• Market Development: The report provides comprehensive information about lucrative emerging markets for the automotive brake system market across regions.
• Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the automotive brake system market.
• Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the automotive brake system market.

Key Attributes:

Key Topics Covered:

Executive Summary

• Automotive Brake System Market Outlook
• Automotive Brake System Market, by Brake Type, 2023 vs. 2028 (USD Million)

Premium Insights

• Attractive Growth Opportunities for Players in Automotive Brake System Market - Stringency of Safety Standards and Car Assessment Programs to Drive Advancements in the Brake Technology
• Automotive Brake System Market, by Brake Type - Disc Brakes Segment to Have Larger Market Size During Forecast Period
• Automotive Brake System Market, by Technology - ABS Segment to Lead Market, by Volume, in 2023
• Automotive Brake System Market, by Actuation Type - Hydraulic Segment to Dominate Market During Forecast Period
• Automotive Brake System Market, by Component - Brake Pads Segment to Have Largest Market Size During Forecast Period
• Automotive Brake System Market, by Vehicle Type - Passenger Cars Segment to Lead Market During Forecast Period
• Regenerative Brake System Market, by Electric Vehicle Type - Battery Electric Vehicles Segment to Dominate Market Throughout Forecast Period
• Off-Highway Brake System Market, by Brake Type - Hydraulic Wet Brakes Segment to Account for Largest Market Size During Forecast Period
• Off-Highway Brake System Market, by Application - Agricultural Tractors Segment to Command Fastest Growth During Forecast Period
• All-Terrain Vehicle Brake System Market, by Region - North America to Lead Market from 2023 to 2028
• Automotive Brake System Market, by Region - Asia-Pacific to Register Highest CAGR During Forecast Period

Market Dynamics

Drivers

• Increased Emphasis on Road Safety
• Stringency of Government Regulations to Reduce Stopping Distance in Light-Duty and Heavy-Duty Vehicles
• Growth in Demand for Off-Highway Heavy-Duty Trucks
• Increasing Adoption of Advanced Brake Systems for Enhanced Vehicle Safety
• Integration of Adaptive Cruise Control in Electronic Braking Systems for Improved Vehicle Handling
• Implementation of New Car Assessment Program (NCAP)

Restraints

• High Development and Maintenance Costs of Advanced Braking Technology

Opportunities

• Rising Adoption of Brake-By-Wire Systems
• Government Regulations to Make Advanced Emergency Braking Systems Mandatory.
• Increasing Use of Regenerative Braking Systems in EV Ecosystem

Challenges

• Malfunctioning of Electronic Braking Systems
• Freezing of Air Brakes at Low Temperatures

Case Studies

• Case Study 1: Use of High-Content Kelvar Materials to Increase Clutch Brake Performance
• Case Study 2: Failure of ABS Technology
• Case Study 3: Knorr-Bremse AG Faced Several Challenges in Developing Its Brake Systems
• Case Study 4: Development of Air Brake Systems for Commercial Vehicles

Technology Trends

• Development of Brake-By-Wire (Bbw) Systems
• Development of Autonomous Emergency Braking (Aeb) Systems
• Development of Electro-Pneumatic Brake Systems for Commercial Vehicles

Impact of Autonomous Electric Vehicles on Brake Systems

• Autonomous Vehicles (L1, L2, and L3)
  • Vehicle Braking Requirements for Autonomous Vehicles
  • Level 1 (Driver Assistance)
  • Level 2 (Partial Autonomous)
  • Level 3 (Conditional Driving Automation)
• ADAS Features
• Electric Vehicles

Companies Profiled

• Continental AG
• Robert Bosch GmbH
• Zf Friedrichshafen AG
• Akebono Brake Industry Co. Ltd.
• Brembo S.P.A.
• Aisin Seiki Co. Ltd.
• Hitachi Astemo Ltd.
• Knorr-Bremse AG
• Haldex Ab
• Denso Corporation
• Mando Corporation
• Hyundai Mobis Co. Ltd.
• Wuhan Youfin Auto Parts Co. Ltd.
• Bethel Automotive Safety System Co. Ltd. (Wbtl)
• Beringer
• Ebc Brakes
• Nifo Srl
• Bwi Group
• Meritor, Inc.
• Brake Parts Inc. LLC
• Bludot Manufacturing
• Silverbackhd
• Metelli S.P.A.
• Advics Co. Ltd.
• Knott Brakes
• Carlisle Brake & Friction

For more information about this report visit https://www.researchandmarkets.com/r/8rswd2

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