Automotive Brake Systems Market Size, Share & Industry Analysis, By Vehicle Type (Hatchback/Sedan, SUVs, LCV, and HCV), By Propulsion (ICE and Electric), By System Type (Electromagnetic Braking System, Mechanical Braking System, and Hydraulic Braking System), By Technology (Anti-locking Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TSC), and Electronic Brakeforce Distribution (EBD)), By Component (Disc Brakes, ABS Control Module, Drum Brakes, Emergency Brakes, Master Cylinder, and Others), and Regional Forecast, 2024 – 2032

The global automotive brake systems market size was valued at USD 45.03 billion in 2023. The market is projected to grow from USD 45.57 billion in 2024 to USD 64.01 billion by 2032, exhibiting a CAGR of 4.3% during the forecast period.

Automotive brake systems are essential safety components in vehicles, designed to slow down or stop the motion by converting kinetic energy into heat through friction. A typical brake system comprises various components, including disc brakes, drum brakes, brake pads, calipers, and hydraulic systems. Disc brakes are commonly used on the front wheels, where brake pads press against a rotor to create friction. Typically found on the rear wheels, drum brakes utilize brake shoes that press against a drum. Advanced technologies, such as Anti-Lock Braking Systems (ABS) and Electronic Stability Control (ESC) enhance braking performance and safety by preventing wheel lock-up and improving vehicle stability during braking.

With the rise of Electric Vehicles (EVs), there is an increasing demand for brake systems specifically designed to accommodate the unique characteristics of electric propulsion, such as regenerative braking systems. However, integrating innovative technologies, such as electronic controls and lightweight materials can increase the overall cost of automotive brake systems. Stringent safety regulations imposed by governments worldwide and growing consumer awareness regarding vehicle safety are significant drivers of the market.

The COVID-19 pandemic significantly disrupted the market, leading to production halts, supply chain issues, and decreased global vehicle sales. Lockdown measures and economic uncertainty reduced consumer spending, impacting the aftermarket demand for automotive brake systems. However, recovery efforts, including government stimulus packages and the gradual resumption of automotive production, are expected to drive the market’s revival. There is a renewed focus on safety features and vehicle maintenance as conditions evolve, influencing market growth. As restrictions eased in late 2020 and early 2021, automotive production ramped up, with manufacturers focusing on advanced safety technologies. For example, Volkswagen announced plans to enhance its safety portfolio by integrating advanced braking technologies into its new models.

Automotive Brake Systems Market Trends

Integration of Advanced Safety Features and Technologies to Emerge as Major Market Trend

The increasing focus on vehicle safety, regulatory mandates, and consumer demand for enhanced safety technologies drive this trend. Advanced automotive brake systems improve vehicle performance and significantly reduce the risk of accidents, making them essential in modern automotive design.

Governments worldwide are implementing stringent regulations aimed at improving vehicle safety. For instance, in May 2023, the U.S. government proposed the mandatory inclusion of Automatic Emergency Braking (AEB) in all new passenger cars and light trucks. This initiative aims to reduce rear-end collisions and pedestrian accidents, demonstrating a clear commitment to enhancing road safety through advanced braking technologies. The European Union has also revised its regulations to mandate AEB systems in new vehicles, emphasizing the importance of integrating such safety features into standard vehicle designs.

Leading automotive manufacturers are developing and integrating advanced braking technologies into their vehicles. Continental AG, for example, unveiled its latest electro-hydraulic brake system, the MK C1, which enhances braking performance and integrates seamlessly with autonomous driving features. This system utilizes advanced sensors and algorithms to detect potential hazards, allowing for automatic braking in critical situations. Such innovations improve safety and align with the growing trend of automation in vehicles.

For instance, in December 2023, Sensata Technologies revealed that its brake force sensor range was selected by many leading automotive brake system manufacturers for integration into next-gen Electromechanical Brake (EMB) systems. This sensor directly measures clamping force within foundation brakes, allowing closed-loop control for passenger cars. Electromechanical brakes with force sensors offer improved performance, safety, and regenerative braking optimization.

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Automotive Brake Systems Market Growth Factors

Increasing Emphasis On Vehicle Safety to Become Major Driving Factor for Market

As consumers become more aware of the importance of safety features in vehicles, manufacturers must enhance their braking technologies to meet these demands. This trend is further accelerated by stringent regulatory requirements to reduce road accidents and improve overall vehicle safety.

There has been a marked shift in consumer preferences toward vehicles equipped with advanced safety technologies in recent years. The growing awareness has led to a heightened demand for sophisticated automotive brake systems, such as Anti-lock Brake Systems (ABS), Electronic Stability Control (ESC), and Advanced Driver Assistance Systems (ADAS). These systems improve vehicle performance and significantly enhance safety by preventing accidents.

For instance, the introduction of Automatic Emergency Braking (AEB) has been a game-changer in vehicle safety. AEB systems use sensors to detect potential collisions and automatically apply brakes if the driver fails to respond quickly. This technology has been shown to reduce rear-end collisions by up to 40%, making it a highly sought-after feature among consumers. In 2021, more than 12 major automakers in China equipped almost all their vehicles with AEB, reflecting its growing acceptance and importance in modern automotive design.

For example, in April 2024, the National Highway Traffic Safety Administration (NHTSA) announced that nearly all newly manufactured passenger cars and commercial vehicles sold in the U.S. must be equipped with Automatic Emergency Braking (AEB) systems by September 2029. NHTSA estimates that this regulation will save at least 360 lives and prevent over 24,000 injuries annually. This decision was in response to a rise in road accident fatalities following COVID-19 lockdowns, highlighting the need for enhanced vehicle safety measures.

RESTRAINING FACTORS

Pollution Issues from Automotive Brakes Can Impact and Hinder Market Growth

The market faces significant challenges due to the pollution issues associated with traditional braking technologies. As the automotive industry evolves, the environmental impact of brake wear particles has become a critical concern, influencing both regulatory frameworks and consumer perceptions. This pollution affects air quality and poses health risks, thereby acting as a restraining factor for the market.

Automotive brakes primarily generate particulate matter through wear and tear. Traditional iron brake discs, commonly used in vehicles, contribute substantially to non-exhaust particulate emissions. Research indicates that these iron components release ferrous particles into the atmosphere as they wear down, significantly affecting air quality. A report from the U.K. Government highlighted that non-exhaust emissions, including those from brakes, can exceed tailpipe emissions in urban environments, contributing to up to 55% of total non-exhaust traffic-related particulate matter emissions.

Brake pads are often made from materials that contain heavy metals, such as copper and barium. When these pads wear down, they release microplastics and heavy metal particles into the air, which can have detrimental health effects. Studies have shown that inhaling these particles can lead to oxidative stress and inflammation in the lungs, contributing to a range of health issues, including respiratory diseases and even cancer.

For example, companies, such as Brembo are actively working on developing eco-friendly braking solutions that minimize particulate emissions. Their ENESYS Energy Saving System aims to reduce wear and tear of brake components, thereby lowering emissions. However, such innovations often come at a premium price point, which may deter budget-conscious consumers.

Automotive Brake Systems Market Segmentation Analysis

By Vehicle Type Analysis

Need for Reliable and High-Performance Braking Solutions Drives SUV Segment Growth

The market is segmented by vehicle type into hatchback/sedan, SUVs, LCV, and HCV.

The SUVs segment dominated the market in 2023, with a market share of around 43%. The demand for robust braking solutions to accommodate the vehicles' heavier weight, larger size, and diverse driving conditions will drive the segment’s growth. SUVs' popularity, coupled with safety regulations and consumer preferences for advanced safety features, spurs the need for effective brake systems. As SUVs gain traction in the automotive market, the demand for specialized brake systems tailored to their requirements intensifies, which will lead to the segment’s growth. For instance, in February 2022, Aston Martin introduced the Aston Martin DBX707, equipped with 420mm carbon brakes. Enhancements to the braking system's hydraulic sizing and booster tuning improve the pedal feel and braking response.

The HCV segment is anticipated to exhibit the fastest CAGR during the forecast period. The need for reliable, high-performance braking solutions to ensure safety and compliance with stringent regulations will increase the product use in HCVs. Heavy commercial vehicles, characterized by their large size, weight, and hauling capacity, require robust brake systems that can effectively stopp heavy loads. As the need for efficient transportation grows, the HCV segment will record a high demand for advanced brake systems tailored to specific requirements, boosting market expansion over the forecast period.

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By Propulsion Analysis

Continued Dominance of Traditional Vehicles Fuels ICE Segment’s Growth

By propulsion, the market is segmented into ICE and electric.

The ICE segment holds the largest share of the global market. As ICE vehicles are used globally, the demand for efficient, reliable, and cost-effective brake systems persists. Manufacturers are focusing on optimizing braking performance while meeting regulatory standards, ensuring that ICE vehicles maintain safety and reliability. This sustained demand will fuel innovation and development in the market.

The electric segment is estimated to grow rapidly, with a CAGR of 5.3% over the forecast period. As the adoption of EVs increases worldwide, there is a growing demand for specialized brake systems tailored to electric propulsion. These systems often incorporate regenerative braking technology to maximize energy efficiency and extend vehicle range. Manufacturers are innovating to develop advanced brake systems that complement the characteristics of electric vehicles, driving the automotive brake systems market growth. For instance, in February 2022, ZF collaborated with British electric vehicle manufacturer Tevva to develop a regenerative braking system for its 7.5-ton battery-electric truck. This collaboration included close cooperation between ZF and Tevva engineers to integrate the former’s Electronic Brake System (EBS) into Tevva's zero-emission electric trucks.

By System Type Analysis

Growing Popularity of Electric Vehicles Drove Electromagnetic Braking System Demand

By system type, the market is divided into electromagnetic braking systems, mechanical braking systems, and hydraulic braking systems.

The electromagnetic braking system segment is poised to record the fastest CAGR during the forecast period. Electromagnetic brakes offer efficient energy recovery through regenerative braking, improving overall vehicle efficiency and extending range. As the demand for electric propulsion grows, there is an increasing need for electromagnetic braking systems that complement these powertrains, driving market expansion and innovation in electromagnetic brake technology to meet the requirements of modern automotive applications. The International Energy Agency (IEA) predicts consistent rise in electric car sales for 2024, projecting approximately 17 million units to be sold by the year-end. First-quarter sales witnessed a significant uptick of about 25% compared to the same period in 2023, highlighting the market's sustained expansion.

The hydraulic braking system segment dominated the market in 2023. Hydraulic brake systems have long been established as a standard in vehicle braking, offering consistent performance and durability. As the automotive industry continues to highlight safety and efficiency, the demand for dependable hydraulic brake systems remains strong, driving the segment’s growth and innovation in hydraulic brake technology to meet evolving industry standards and consumer expectations.

By Technology Analysis

Stringent Safety Regulations Elevated Requirement for ABS in Vehicles

By technology, the market is segmented into Anti-locking Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TSC), and Electronic Brakeforce Distribution (EBD).

The Anti-Locking Braking System (ABS) segment dominated the market in 2023. ABS prevents wheel lock-up during braking, enabling drivers to maintain steering control and reduce the risk of accidents, especially in emergency braking situations. As safety regulations become more stringent and consumer demand for advanced safety features increases, the adoption of ABS continues to grow. This will drive market expansion and technological advancements, leading to the segment’s growth.

The Electronic Stability Control (ESC) segment held the second-largest automotive brake systems market share in 2023. ESC is pivotal in enhancing vehicle stability and decreasing the risk of sliding or losing control. ESC systems use sensors to detect and mitigate loss of traction, especially during cornering or evasive maneuvers, improving overall vehicle safety.

In April 2022, Bosch India, a prominent provider of technology and services, revealed that it had achieved a significant milestone by manufacturing over 10 million Anti-lock Braking System (ABS) and Electronic Stability Program (ESP) unixts for passenger vehicles at its Chakan plant in Pune, India.

By Component Analysis

Compliance With Regulatory Standards Promoted ABS Control Module Segment Growth

The market is segregated by component into disc brakes, ABS control modules, drum brakes, emergency brakes, master cylinders, and others.

The ABS control module segment is anticipated to record the fastest CAGR during the forecast period. ABS control modules regulate the anti-lock braking system, preventing wheel lock-up and maintaining steering control during braking. This feature will propel the use of ABS control modules in different types, of vehicles, thereby driving market growth, innovation, and integration with other safety systems.

The disc brake segment held the largest market share in 2023. These components offer efficient heat dissipation, shorter stopping distances, and consistent braking performance under various driving conditions. As vehicle manufacturers prioritize safety and performance, disc brakes are being increasingly favored over drum brakes. The demand for this component continues to grow, fueled by advancements in automotive technology and consumer preference for enhanced braking capabilities. In November 2022, Continental introduced the Green Caliper, a lighter brake caliper for disc brakes. Its reduced weight, residual brake torque, and lower friction claim to enhance electric vehicle range.

REGIONAL INSIGHTS

By region, the market is studied across North America, Europe, Asia Pacific, and the rest of the world.

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The growing middle-class population in Asia Pacific and increasing demand for safer and more affordable vehicles are compelling manufacturers to implement advanced brake systems. The surge in industrialization and expanding automotive sector position the region as the most significant player in the global market.

In Europe, the market is recording the fastest CAGR due to stringent safety regulations, emphasizing the need for advanced braking technologies. High consumer awareness of safety standards will fuel the demand for reliable brake systems. The region's focus on sustainability will also encourage the adoption of eco-friendly braking solutions. Additionally, a strong automotive industry, coupled with technological innovation, will drive the regional market growth. With a penchant for quality and performance, European consumers consistently demand cutting-edge brake systems, which is another factor propelling the regional market’s expansion.

In North America as well, the market is primarily driven by stringent safety regulations, which necessitate the adoption of advanced braking technologies. Consumer demand for high-quality and reliable brake systems and a robust automotive industry further fuel the regional market growth. Technological innovations, such as electronic brake systems cater to the region's preference for cutting-edge automotive solutions, contributing to the regional market's momentum.

In the rest of the world, the market is driven by increasing vehicle production and sales, particularly in emerging economies. Adoption of safety regulations and growing awareness of vehicle safety standards are expected to propel the demand for reliable brake systems. Technological advancements and infrastructure development will further boost the market growth, catering to consumers' evolving requirements in these regions.

Key Industry Players

Extensive Product Portfolio and Innovative Technologies Make Robert Bosch GmbH the Market Leader

Robert Bosch GmbH is the global leader in the market. Its brake systems feature advanced technologies, such as the Electronic Stability Program (ESP). ESP has become a standard in modern vehicles, with over 250 million units produced since its introduction. Bosch's global presence is formidable, with approximately 440 subsidiaries in 60 countries. This extensive network allows the company to cater to a diverse customer base, including major automotive manufacturers, such as Volkswagen, BMW, and Ford. The focus on R&D enables Bosch to stay ahead of the market trends and develop cutting-edge solutions that meet evolving customer needs. For instance, Bosch's collaboration with Ford on autonomous driving technologies showcases its leadership in integrating brake systems with advanced mobility solutions. By continuously refining its product offerings and expanding its global footprint, Bosch remains a dominant player in the market.

Continental AG is also one of the key players in the global market, recognized for its comprehensive product portfolio that spans various vehicle types and technologies. The company’s extensive customer base is supported by its commitment to innovation, as evidenced by its strategic partnerships and acquisitions aimed at enhancing its product offerings. For example, Continental’s partnership with ITT Inc. to supply brake pads is expected to generate significant revenue over the next decade.

List of Top Automotive Brake Systems Companies:

• Robert Bosch (Germany)


• Continental AG (Germany)


• ZF Friedrichshafen AG (Germany)


• Brembo S.p.A. (Italy)


• Knorr-Bremse AG (Germany)


• AISIN CORPORATION (Japan)


• Hitachi Astemo, Ltd. (Japan)


• Tenneco Inc. (U.S.)


• HL Mando Corporation (South Korea)


• Nisshinbo Brake Inc. (Japan)


• Akebono Brake Industry Co., Ltd. (Japan)


• Kiriu Corporation (Japan)


• TBK Co., Ltd. (Japan)

KEY INDUSTRY DEVELOPMENTS:

• September 2024 - Bosch rolled out a new hand-controlled braking system on Robert Wickens’ Hyundai Elantra N TC. The new system, developed using Bosch’s existing electronic brake system module from the LMDh platform, features a controls platform and display and claims to provide a more “robust” solution.


• March 2024 - ZF Aftermarket expanded its parts offerings for vehicles in the U.S. and Canada, adding 80 new listings to its TRW and SACHS branded portfolios. The latest additions expand coverage to more than 5 million vehicles in operation. New braking products include 31 different part numbers for TRW brake boosters and master cylinders for 2.7 million vehicles in operation, including Audi, BMW, Mercedes-Benz, and Volkswagen brand models. ZF Aftermarket added new SKUs for TRW brake pad sets for the Ford Bronco and Ranger, Ram 2500, and Ram 3500 pick-up trucks. Additionally, the company launched SACHS coil springs and flywheels for BMW, GM, Honda, Mazda, and other models.


• February 2024 - Brembo Brakes introduced the Brembo Carbon-Carbon Braking System with the Bugatti Bolide. It claims to be the most powerful combustion-only hypercar ever made and will be equipped with the largest carbon brake package Brembo has ever offered. The unique carbon-carbon brakes allow the 1,825-horsepower vehicle to hit speeds over 300 mph and come safely to a stop—multiple times—with minimal drama.


• October 2023 - Continental entered a strategic partnership with Munich-based high-tech firm Deep Drive to develop core technologies for electric vehicles. As an initial milestone, the two companies are jointly developing a combined unit comprising a drive system and brake components that will be mounted directly on a vehicle’s wheel.


• March 2023 - SAF-HOLLAND SE acquired all of the outstanding minority shares of Haldex AB, a Swedish company, and now holds 100% of the shares. The company introduced two products incorporating Haldex: the CBXA AeroBeam air suspension systems and the P89 Series air disc brakes.

REPORT COVERAGE

The report provides a detailed market analysis. It focuses on key aspects, such as leading companies, products, and leading product applications. Besides, it offers insights into the market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the market's growth in recent years.

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Report Scope & Segmentation