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Automotive Braking System Market to Grow US$ 33.93 Billion by 2027

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The global Automotive Braking System market size is expected to surpass around US$ 33.93 billion by 2027 and the market is expected to garner growth at a CAGR of 5.3% over the forecast period 2021 to 2027.

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Growth Factors

The increased implementation of electronic components is one of the prime factors contributing for the market growth. Implementation of these electronic components has led to the development of technologies that are Electronic Stability Control (ESC), Traction Control System (TCS), Antilock Braking System (ABS), and Electronic Brake-Force Distribution (EBD). Adoption of these advanced technologiesalong with rising popularity of vehicle safety technologies among consumers presumed to escalate the market growth. Besides this, high cost of integration expected to restrict the widespread adoption of advanced braking systems. Hence, majority of such technologies are implemented solely in the luxury and premium vehicles.

Other than this, increasing stringency in the vehicle safety norms anticipated to propel the market growth in the coming years. Associations of automobile across the globe are working rigorously towardsthe improvement of vehicle safety. For example, in 2016, the National Highway Traffic Safety Administration (NHTSA) in the U.S. and Insurance Institute for Highway Safety (U.S.)together with 20 prominent vehicle manufacturers, have announced their plan to implement Automatic Emergency Braking (AEB) systems as a standard vehicle feature in all new passenger cars from September 2022. Similarly, the Ministry of Road Transport and Highway (MoRTH), India, in 2015, mandated the integration of ABS in all commercial vehicles. Thus, the market projected to grow at a steady rate over the analysis period.

Market Report Scope

Report Highlights Details
Market Size USD 33.93 Billion by 2027
Growth Rate CAGR of 5.3% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America, Europe
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Automotive Braking System market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Automotive Braking System market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Automotive Braking System. The study also provides the dynamics that are responsible for influencing the future status of the Automotive Braking System market over the forecast period.

A detailed assessment of the Automotive Braking System market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Automotive Braking System market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • The Asia Pacific led the global market attributed to the low production cost along with rising demand of transportation in countries such as China and India
  • Europe and North America are other most prominent markets in the automotive braking system owing to strict safety regulations for transportation industry
  • Passenger vehicles captured significant production share of nearly 75%per year that in turn boost the demand for advanced braking system in the passenger vehicle segment
  • Demand for commercial vehicles expected to proliferate in the coming years because of accelerating growth of logistics and transportation industry
  • Based on part type, disc brakes are expected to witness an escalating demand in the near future as it offers shorter stopping distance along with it is more efficient during emergency braking condition
  • By system type, pneumatic braking system exhibits the fastest growth over the analysis period owing to advanced braking and stopping options

Regional Snapshots

The Asia Pacific dominated the global automotive braking system market and expected to retain its position during the forecast period. China is one of the biggest automotive marketplaces in the world. The rising chinese economy as well as increasing disposable income of people in China hassurged the demand for vehicles in the country. In addition, the low production cost has positively favored the growth of vehicle manufacturing in China. In the year 2018, China alone produced 27.8 million vehicles.

On the other side, Europe is one of the most advanced automotive hubs across the world. Component manufacturers are more inclined towards improved technology to gain a competitive edge along with increase their revenue generation. In addition, high export activities of automobiles and related components that include automotive braking systems expected to propel the market growth during the analysis period.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • ZF Friedrichshafen AG
  • Akebono Brake Industry Co., Ltd.
  • Continental AG
  • Brembo S.p.A
  • Robert Bosch GmbH
  • AISIN SEIKI
  • Hyundai Mobis
  • WABCO
  • Hitachi Ltd.

Segments Covered in the Report

By Vehicle

  • Commercial Vehicles
  • Passenger Vehicles

By Part Type

  • Disc
  • Drum

By System Type

  • Pneumatic
  • Hydraulic

By Sales Channel

  • Aftermarket
  • Original Equipment Manufacturer (OEM)

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Automotive Braking System market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive Braking System are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive Braking System Market, By Vehicle

7.1. Automotive Braking System Market, by Vehicle Type, 2020-2027
7.1.1. Commercial Vehicles
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Passenger Vehicles
7.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive Braking System Market, By Part Type

8.1. Automotive Braking System Market, by Part Type, 2020-2027
8.1.1. Disc
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Drum
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive Braking System Market, By System Type

9.1. Automotive Braking System Market, by System Type, 2020-2027
9.1.1. Pneumatic
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Hydraulic
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Automotive Braking System Market, By Sales Channel

10.1. Automotive Braking System Market, by Sales Channel, 2020-2027
10.1.1. Aftermarket
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Original Equipment Manufacturer (OEM)
10.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Automotive Braking System Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.1.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.1.3. Market Revenue and Forecast, by System Type (2016-2027)
11.1.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.1.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.1.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.1.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.1.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.7.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.2.8.3. Market Revenue and Forecast, by System Type (2016-2027)
11.2.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.7.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.3.8.3. Market Revenue and Forecast, by System Type (2016-2027)
11.3.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.7.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.7.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.4.8.3. Market Revenue and Forecast, by System Type (2016-2027)
11.4.8.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.5.5.3. Market Revenue and Forecast, by System Type (2016-2027)
11.5.5.4. Market Revenue and Forecast, by Sales Channel (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Vehicle (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Part Type (2016-2027)
11.5.6.3. Market Revenue and Forecast, by System Type (2016-2027)
11.5.6.4. Market Revenue and Forecast, by Sales Channel (2016-2027)

Chapter 12. Company Profiles

12.1. ZF Friedrichshafen AG
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Akebono Brake Industry Co., Ltd.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Continental AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Brembo S.p.A
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Robert Bosch GmbH
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. AISIN SEIKI
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Hyundai Mobis
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. WABCO
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Hitachi Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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