Brake Systems Market by Type (Disc & Drum), Electronic Brake System (ABS, TCS, ESC, & EBD), Off-Highway Vehicles (Construction & Agriculture), Vehicle Type (Passenger Car, Light & Heavy Commercial Vehicle), and Region - Global Forecast to 2021

The brake system market was estimated to be USD 20.72 Billion in 2015, and is projected to grow at a CAGR of 6.94% during the forecast period. The base year for the report is 2015 and the forecast year is 2021. The market for brake systems is primarily driven by the increase in vehicle production as a result of growing demand. Additionally, the market is also influenced by government regulations reducing the stopping distance and environmental regulations surrounding brake pad and shoe residue. For instance, in the U.S., the National Highway Traffic Safety Administration (NHTSA) implemented stopping distance regulations in August 2013, where the stopping distance for unloaded three axle trucks and loaded three axle trucks was set to 235 feet and 310 feet, respectively. The environmental regulations for brake dust have encouraged companies such as Federal-Mogul Holdings Corporation (U.S.) to identify alternate materials for brake pads that provide better stopping performance, durability, and generate low wheel dust as compared to conventional copper brake pads.   

The research methodology used in the report involves primary and secondary sources, and follows a bottom-up approach for the purpose of data triangulation. The study involves country-level OEM and model-wise analysis of brake systems as well as electronic brake systems. This analysis involves historical trends as well as existing penetrations by country as well as vehicle type. The analysis is projected based on various factors such as growth trends in vehicle production and regulations on stopping distance or mandates on implementation of electronic brake systems, among others. The analysis has been discussed and validated with primary respondents, which include experts from brake industry, manufacturers, and suppliers. Secondary sources include associations such as International Organization of Motor Vehicle Manufacturers (OICA), American Association of Motor Vehicle Administrators (AAMVA), Automotive Component Manufacturers Association of India (ACMA), and paid databases and directories such as Factiva and Bloomberg.

The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem of the brake system market for passenger cars, light commercial vehicle, heavy commercial vehicle and off-highway applications consists of brake system and brake technology providers such as Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Wabco Holdings, Inc. (U.S.), Knorr-Bremse AG (Germany), and Aisin Seiki Co, Ltd. (Japan). These systems and technologies are supplied to automotive OEMs such as BMW Group (Germany), Daimler AG (Germany), Volkswagen AG (Germany) and others.

Target Audience

• Automotive brake system manufacturers and component suppliers
• Electronic brake technology providers
• Automotive OEMs
• Industry Associations and other driver assistance systems manufacturers
• The automobile industry and related end-user industries

Scope of the Report

Brake System Market, By Brake Type

• Disc Brake
• Drum Brake

Brake System Market, By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Brake System Market, By Region

• Asia-Oceania (China, Japan, South Korea, and India)
• Europe (Germany, France, and U.K.)
• North America (U.S., Mexico, and Canada)
• Rest of the World (Brazil, Russia, and Turkey)

Brake System Market, By Technology

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

Off-Highway Brake System Market, By Application & Region

• Agricultural Tractor
• Construction Equipment

Available Customizations

ABS Market, By Country & Vehicle Type (Volume)

• Asia-Oceania
• Europe
• North America
• Rest of the World

ESC Market, By Country & Vehicle Type (Volume)

(Countries include China, Japan, South Korea, India, Germany, France, U.K., U.S., Mexico, Canada, Brazil, Russia, and Turkey Vehicle Type includes passenger cars, light commercial vehicles, and heavy commercial vehicles)

• Asia-Oceania
• Europe
• North America
• Rest of the World

TCS Market, By Country & Vehicle Type (Volume)

(Countries include China, Japan, South Korea, India, Germany, France, U.K., U.S., Mexico, Canada, Brazil, Russia, and Turkey Vehicle Type includes passenger cars, light commercial vehicles, and heavy commercial vehicles)

• Asia-Oceania
• Europe
• North America
• Rest of the World

Market, By Country & Vehicle Type (Volume)

(Countries include China, Japan, South Korea, India, Germany, France, U.K., U.S., Mexico, Canada, Brazil, Russia, and Turkey Vehicle Type includes passenger cars, light commercial vehicles, and heavy commercial vehicles)

• Asia-Oceania
• Europe
• North America
• Rest of the World

Two-wheeler Brake System Market, By Type & Country

(Two-wheeler brake system market, by type & country to be provided at country level for the regions and countries as mentioned above)

• Disc Brake
• Drum Brake

Two-wheeler Electronic Brake System Market, By Type & Country

(Two-wheeler brake system market, by type & country to be provided at country level for the regions and countries as mentioned above)

• ABS
• ESC
• Others

• Moped
• Scooter
• Motorcycle

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand-Side Analysis
                    2.4.2.1 Growing Vehicle Production
           2.4.3 Supply-Side Analysis
                    2.4.3.1 Increasing Stringency of Environmental & Fuel Efficiency Regulations
    2.5 Market Size Estimation
           2.5.1 Bottom-Up-Approach
           2.5.2 Market Breakdown & Data Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 34)
    3.1 Introduction
           3.1.1 Brake System Market, By Vehicle Type & Region
           3.1.2 Brake System Market, By Type & Region
           3.1.3 Brake System Market —Growth Trends, By Country
           3.1.4 Electronic Brake System Market, By Technology & Region
           3.1.5 Agricultural Tractor Brake System Market, By Brake Type
           3.1.6 Construction Equipment Brake System Market, By Disc Brake Type

4  Premium Insights (Page No. - 41)
    4.1 Attractive Opportunities in the Brake System Market
    4.2 Brake System Market Share, By Region & Vehicle Type
    4.3 Brake System Market Growth Trend, By Country
    4.4 Electronic Brake System Market, By Technology
    4.5 Electronic Brake System Market, By Region
    4.6 Off-Highway Brake System Market, By Application

5 Market Overview (Page No. - 46)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Brake System: Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Stringency of Automotive Active Safety Regulations
                    5.3.1.2 Impact of New Car Assessment Program (Ncap) on Electronic Brake Systems
           5.3.2 Restraints
                    5.3.2.1 High Development Cost of Electronic Brake Systems
           5.3.3 Opportunities
                    5.3.3.1 Brake-By-Wire System
                    5.3.3.2 Regenerative Braking
           5.3.4 Challenges
                    5.3.4.1 Brake Emissions
    5.4 Porter’s Five Forces Analysis
           5.4.1 Threat of New Entrants
           5.4.2 Threat of Substitutes
           5.4.3 Bargaining Power of Suppliers
           5.4.4 Bargaining Power of Buyers
           5.4.5 Intensity of Competitive Rivalry
    5.5 Legislative Scenario of Electrically Assisted Brake System
           5.5.1 Vehicle Safety Standards, By Region
           5.5.2 U.S.: Federal Motor Safety Standards
           5.5.3 U.K.: Passenger Car & Commercial Vehicle Stopping Distance
           5.5.4 Australia: Stopping Distance Regulations
    5.6 Advanced Technologies in the Automotive Brake System
           5.6.1 Autonomous Emergency Braking System (AEBS)
           5.6.2 Intelligent Speed Adaptation
           5.6.3 Brake-By-Wire
                    5.6.3.1 Working of Brake-By-Wire System
                    5.6.3.2 Types of Brake-By-Wire System
                               5.6.3.2.1 Electro-Hydraulic Brake (EHB)
                               5.6.3.2.2 Electro-Mechanical Brake (EMB)
           5.6.4 Kinetic Energy Recovery System (KERS)

6 Electronic Brake System Market, By Technology (Page No. - 69)
[Note: the Chapter is Further Segmented By Region (Asia-Oceania, Europe, North America, and RoW)]
    6.1 Introduction
    6.2 Electronic Brake System Market, By Technology
    6.3 Antilock Braking System (ABS)
    6.4 Traction Control System (TCS)
    6.5 Electronic Stability Control (ESC)
    6.6 Electronic Brake-Force Distribution (EBD)

7 Off-Highway Brake System Market, By Application (Page No. - 78)
[Note: the Chapter is Further Segmented By Brake Type (Drum & Disc), Disc Brake Type (Dry Disc & Wet Disc), and Region (Asia-Oceania. Europe, North America, and RoW)]
    7.1 Introduction
    7.2 Agricultural Tractor
           7.2.1 By Region
           7.2.2 By Brake Type
           7.2.3 By Disc Brake Type
    7.3 Construction Equipment
           7.3.1 By Region
           7.3.2 By Disc Brake Type

8 Brake System Market, By Region (Page No. - 85)
[Note: the Chapter is Further Segmented By Vehicle Type (Passenger Cars, Lcv & Hcv), and Brake Type (Drum & Disc)]
    8.1 Introduction
    8.2 Asia-Oceania
[Note: the Asia-Oceania Market is Further Segmented By Vehicle Type and Brake Type for the Considered Countries]
           8.2.1 China
           8.2.2 Japan
           8.2.3 South Korea
           8.2.4 India
           8.2.5 Rest of Asia-Oceania
    8.3 Europe
[Note: the Europe Market is Further Segmented By Vehicle Type, and Brake Type for the Considered Countries]
           8.3.1 Germany
           8.3.2 France
           8.3.3 U.K.
           8.3.4 Rest of Europe
    8.4 North America
[Note: the North America Market is Further Segmented By Vehicle Type, and Brake Type for the Considered Countries]
           8.4.1 U.S.
           8.4.2 Mexico
           8.4.3 Canada
    8.5 Rest of the World
[Note: the RoW Market is Further Segmented By Vehicle Type and Brake Type for the Considered Countries]
           8.5.1 Brazil
           8.5.2 Russia
           8.5.3 Turkey
           8.5.4 Rest of RoW

9 Competitive Landscape (Page No. - 123)
    9.1 Introduction
           9.1.1 Vanguards
           9.1.2 Innovators
           9.1.3 Dynamic
           9.1.4 Emerging
    9.2 Automotive Brake System: Vendor Dive Matrix
    9.3 Competitive Benchmarking
           9.3.1 Product Offering Scorecard (For All 15 Companies)
           9.3.2 Business Strategy Scorecard (For All 15 Companies)

10 Company Profiles (Page No. - 127)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments)*
     10.1 Robert Bosch GmbH
     10.2 ZF Friedrichshafen AG
     10.3 Aisin Seiki Co., Ltd.
     10.4 Continental AG
     10.5 Mando Corp.
     10.6 Autoliv Inc.
     10.7 Akebono Brake Industry Co Ltd
     10.8 Federal-Mogul Holdings Corp
     10.9 Wabco Holdings Inc
     10.10 Brembo S.P.A
     10.11 Hitachi Automotive Systems, Ltd.
     10.12 Nissin Kogyo Co., Ltd.
     10.13 Knorr Bremse AG
     10.14 Haldex AB
     10.15 Delphi Automotive PLC

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 192)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real Time Market Intelligence
     11.5 Available Customizations
             11.5.1 ABS Market, By Country & Vehicle Type (Volume)
                        11.5.1.1 Asia-Oceania
                        11.5.1.2 Europe
                        11.5.1.3 North America
                        11.5.1.4 Rest of the World
             11.5.2 ESC Market, By Country & Vehicle Type (Volume)
                        11.5.2.1 Asia-Oceania
                        11.5.2.2 Europe
                        11.5.2.3 North America
                        11.5.2.4 Rest of the World
             11.5.3 TCS Market, By Country & Vehicle Type (Volume)
                        11.5.3.1 Asia-Oceania
                        11.5.3.2 Europe
                        11.5.3.3 North America
                        11.5.3.4 Rest of the World
             11.5.4 Two-Wheeler Brake System Market, By Type & Country*
                        11.5.4.1 Disc Brake
                        11.5.4.2 Drum Brake
             11.5.5 Two-Wheeler Electronic Brake System Market, By Type & Country*
                        11.5.5.1 ABS
                        11.5.5.2 ESC
                        11.5.5.3 Others
             11.5.6 Two-Wheeler Brake System Market, By Type
                        11.5.6.1 Moped
                        11.5.6.2 Scooter
                        11.5.6.3 Motorcycle
             11.5.7 Market Ranking
     11.6 Related Reports
     11.7 Author Details

List of Tables (78 Tables)

Table 1 U.S. Dollar Exchange Rates (Per 1 USD)
Table 2 U.S.: Trucks & Tractors Stopping Distance Regulations
Table 3 Factors & Weightage for Euro Ncap Rating
Table 4 Key Factors Impacting Brake Emissions
Table 5 Porter’s Five Forces Analysis
Table 6 Vehicle Safety Standards, By Region
Table 7 U.S.: Federal Motor Vehicle Safety Standards
Table 8 Australia: Stopping Distance Regulations
Table 9 Autonomous Emergency Braking System Design Analysis
Table 10 Electronic Brake System Market, By Technology, 2014–2021 (‘000 Units)
Table 11 Electronic Brake System Market, By Technology, 2014–2021 (USD Million)
Table 12 ABS: Electronic Brake System Market, By Region, 2014–2021 (‘000 Units)
Table 13 ABS: Electronic Brake System Market, By Region, 2014–2021 (USD Million)
Table 14 TCS: Electronic Brake System Market, By Region, 2014–2021 (‘000 Units)
Table 15 TCS: Electronic Brake System Market, By Region, 2014–2021 (USD Million)
Table 16 ESC: Electronic Brake System Market, By Region, 2014–2021 (‘000 Units)
Table 17 ESC: Electronic Brake System Market, By Region, 2014–2021 (USD Million)
Table 18 EBD: Electronic Brake System Market, By Region, 2014–2021 (‘000 Units)
Table 19 EBD: Electronic Brake System Market, By Region, 2014–2021 (USD Million)
Table 20 Off-Highway Brake System Market, By Application, 2014–2021 (‘000 Units)
Table 21 Off-Highway Brake System Market, By Region, 2014–2021 (‘000 Units)
Table 22 Agricultural Tractor Brake System Market, By Region, 2014–2021 (‘000 Units)
Table 23 Agricultural Tractor Brake System Market, By Brake Type, 2014–2021 (‘000 Units)
Table 24 Agricultural Tractor Brake System Market, By Disc Brake Type, 2014–2021 (‘000 Units)
Table 25 Construction Equipment Brake System Market, By Region, 2014–2021 (‘000 Units)
Table 26 Construction Equipment Brake System Market, By Disc Brake Type, 2014–2021 (‘000 Units)
Table 27 Brake System Market, By Region, 2014–2021 (‘000 Units)
Table 28 Brake System Market, By Region, 2014–2021 (USD Million)
Table 29 Brake System Market, By Brake Type, 2014–2021 (‘000 Units)
Table 30 Brake System Market, By Brake Type, 2014–2021 (USD Million)
Table 31 Asia-Oceania Brake System Market, By Brake Type, 2014–2021 (‘000 Units)
Table 32 Asia-Oceania Brake System Market, By Brake Type, 2014–2021 (USD Million)
Table 33 Asia-Oceania Brake System Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 34 Asia-Oceania Brake System Market, By Vehicle Type, 2014–2021 (USD Million)
Table 35 China: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 36 China: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 37 Japan: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 38 Japan: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 39 South Korea: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 40 South Korea: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 41 India: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 42 India: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 43 Rest of Asia-Oceania: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 44 Rest of Asia-Oceania: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 45 Europe Brake System Market, By Brake Type, 2014–2021 (‘000 Units)
Table 46 Europe Brake System Market, By Brake Type, 2014–2021 (USD Million)
Table 47 Europe Brake System Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 48 Europe Brake System Market, By Vehicle Type, 2014–2021 (USD Million)
Table 49 Germany: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 50 Germany: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 51 France: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 52 France: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 53 U.K.: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 54 U.K.: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 55 Rest of Europe: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 56 Rest of Europe: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 57 North America Brake System Market, By Brake Type, 2014–2021 (‘000 Units)
Table 58 North America Brake System Market, By Brake Type, 2014–2021 (USD Million)
Table 59 North America Brake System Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 60 North America Brake System Market, By Vehicle Type, 2014–2021 (USD Million)
Table 61 U.S.: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 62 U.S.: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 63 Mexico: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 64 Mexico: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 65 Canada: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 66 Canada: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 67 Rest of the World Brake System Market, By Brake Type, 2014–2021 (‘000 Units)
Table 68 Rest of the World Brake System Market, By Brake Type, 2014–2021 (USD Million)
Table 69 RoW Brake System Market, By Vehicle Type, 2014–2021 (‘000 Units)
Table 70 RoW Brake System Market, By Vehicle Type, 2014–2021 (USD Million)
Table 71 Brazil: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 72 Brazil: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 73 Russia: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 74 Russia: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 75 Turkey: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 76 Turkey: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)
Table 77 Rest of RoW: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (‘000 Units)
Table 78 Rest of RoW: Brake System Market, By Brake Type & Vehicle Type, 2014–2021 (USD Million)

List of Figures (66 Figures)

Figure 1 Years Considered in the Study
Figure 2 Brake System Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Growing Vehicle Production & Sales to Drive the Brake System Market
Figure 6 Brake System Market, By Type: Bottom-Up Approach
Figure 7 Off-Highway Brake System Market: Bottom-Up Approach
Figure 8 Data Triangulation
Figure 9 Asia-Oceania Brake System Market is Estimated to Hold the Largest Size, 2016–2021, (Value)
Figure 10 Disc Brake is Estimated to Hold the Largest Market Size, 2016–2021, (USD Billion)
Figure 11 China Projected to Be the Fastest Growing Market (Value) During the Forecast Period
Figure 12 Electronic Stability Control (ESC) Projected to Be the Fastest Growing Technology, 2016 (USD Billion)
Figure 13 Wet Disc Brake Type is Projected to Be the Largest Market for Agricultural Tractor, 2016 vs 2021, (Volume)
Figure 14 Wet Disc Type is Anticipated to Lead the Construction Equipment Brake System, 2016 vs 2021, (Volume)
Figure 15 Stringent Safety Regulations to Drive the Brake System Market in the Next Five Years
Figure 16 Asia-Oceania to Hold the Largest Share in the Brake System Market in 2016, (Value)
Figure 17 China to Grow at the Highest Growth Rate During the Forecast Period, (Value)
Figure 18 ESC to Have the Largest Market Size Over the Forecast Period, (Value)
Figure 19 Asia-Oceania to Hold the Largest Market Share, 2016 vs 2021(Value)
Figure 20 Agricultural Tractor Expected to Have the Largest Market for Brake System, 2016 vs 2021 (Volume)
Figure 21 Brake System Market: Market Dynamics
Figure 22 Typical Stopping Distances for A Vehicle in U.K.
Figure 23 Bev Sales of Key Countries, 2014–2015
Figure 24 Porter’s Five Forces Analysis: Presence of Established Global Players Increases the Degree of Competition
Figure 25 Low Impact of Threat of New Entrants on the Brake System Market
Figure 26 Threat of Substitutes Have Low Impact on the Brake System Market
Figure 27 Medium Impact of Bargaining Power of Suppliers on the Brake System Market
Figure 28 Bargaining Power of Buyers has A High Impact on the Brake System Market
Figure 29 Intensity of Competitive Rivalry to Have A High Impact on the Brake System Market
Figure 30 Key Country-Level Markets: Legislative Scenario
Figure 31 U.K.: Passenger Car & Commercial Vehicle Stopping Distance
Figure 32 Working of AEBS
Figure 33 Working of Electro-Mechanical Brake
Figure 34 Working of KERS System
Figure 35 Electronic Brake Systems Market Outlook, By Technology, By Value, 2016
Figure 36 Working of ABS System
Figure 37 Working of ESC
Figure 38 Asia-Oceania to Be the Largest Market for Off-Highway Brake System, 2016 (‘000 Units)
Figure 39 Region-Wise Snapshot of the Brake System Market, 2016, (Value): Asia-Oceania Accounts for the Largest Market Share
Figure 40 China is Estimated to Be the Fastest Growing Country in the Brake Systems Market in Asia-Oceania, 2016–2021
Figure 41 Asia-Oceania Brake System Market Share, By Brake Type (Value)
Figure 42 Asia-Oceania Brake System Market & Market Share, By Vehicle Type (Value)
Figure 43 Europe Brake System Market, By Brake Type
Figure 44 Europe Brake System Market, By Vehicle Type (Value)
Figure 45 U.S. is Estimated to Be the Largest Brake Systems Market in North America (2016)
Figure 46 North America Brake System Market, By Brake Type (Value), 2016 vs 2021
Figure 47 North America Brake System Market, By Vehicle Type (Value), 2016 vs 2021
Figure 48 RoW Brake System Market, By Brake Type (Value), 2016 vs 2021
Figure 49 RoW Brake System Market, By Vehicle Type (Value), 2016 vs 2021
Figure 50 Automotive Brake System Market – Vendor Dive Analysis
Figure 51 Robert Bosch GmbH: Company Snapshot
Figure 52 ZF Friedrichshafen AG: Company Snapshot
Figure 53 Aisin Seiki Co., Ltd.: Company Snapshot
Figure 54 Continental AG: Company Snapshot
Figure 55 Mando Corp: Company Snapshot
Figure 56 Autoliv Inc.: Company Snapshot
Figure 57 Akebono Brake Industry Co Ltd: Company Snapshot
Figure 58 Federal-Mogul Holdings Corp: Company Snapshot
Figure 59 Wabco Holdings Inc.: Company Snapshot
Figure 60 Brembo S.P.A: Company Snapshot
Figure 61 Hitachi Automotive Systems: Company Snapshot
Figure 62 Nissin Kogyo Co., Ltd.: Company Snapshot
Figure 63 Nissin Kogyo Co., Ltd.: Business Strategy Scorecard
Figure 64 Knorr-Bremse AG: Company Snapshot
Figure 65 Haldex AB: Company Snapshot
Figure 66 Delphi Automotive PLC: Company Snapshot

The automotive brake system market is projected to grow at a CAGR of 6.94% from 2016 to 2021, to reach a market size of USD 31.94 Billion by 2021. The key driver of this market is increasing vehicle production, whereas factors such as regulations on reducing stopping distances, safety rating certifications, New Car Assessment Program (NCAP), and mandates on implementation of electronic brake systems are driving the demand for disc brakes and associated electronic brake systems.

Disc brakes are the fastest growing brake segment globally, in terms of volume and value. This growth can be attributed to better efficiency and performance offered by disc brakes, when compared with drum brakes. Disc brakes are known to dissipate heat more effectively than drum brakes, reduce brake fade, offer better performance on descending slopes and, most importantly, have better stopping power than drum brakes. However, drum brakes still dominate the commercial vehicle segment. Brake system manufacturers are working on making cost-effective disc brakes, which will increase their adoption. In the U.S., the Federal Motor Carrier Safety Administration (FMCSA) has specific regulations that score vehicles on Compliance, Safety, Accountability (CSA). As per the CSA program, vehicles found with non-adjusted brakes are scored less during inspection. Disc brakes offer an advantage of internal self-adjustment, which meet the CSA regulations. Additionally, disc brakes are easier to integrate with active safety technologies, which will drive their demand in the coming years.

Traction Control System (TCS) is the fastest growing braking technology used in vehicles. TCS is an electronic braking system that complements the anti-lock braking system (ABS). TCS uses the same infrastructure as ABS, making it easier for installation in vehicles. However, the market for TCS is still nascent because the technology has been restricted to premium cars and motorcycles used for racing and touring. The mandatory installation of ABS in vehicles is estimated to drive the demand for TCS in the coming years.

Asia-Oceania is estimated to dominate the brake system market. The region has emerged as a major automotive hub with the majority of the market share in terms of vehicle production as well as sales. The demand for automotive brakes is directly linked to the vehicle production in this region. Hence, with the shift of automobile manufacturing plants to developing countries, the companies involved in manufacturing brakes and their components have started focusing on these markets. Being the largest market for automobiles, the Asia-Oceania region is estimated to witness the largest demand for automotive brakes. The increasingly stringent vehicle safety norms and growing number of road fatalities have subjected the industry to added pressure from both, governing agencies and consumers. Thus, the industry is estimated to undergo a shift during the forecast period in terms of technology penetration, with disc brakes outperforming drum brakes in terms of market presence.

A key factor restraining the growth of the brake system market is the high cost of developing brake systems and related technologies. Advanced braking technologies involve complex interlinking of electronic and mechanical systems. Due to this, companies have to invest heavily in research and development for developing and testing prototypes of advanced braking technologies. The high costs involved are restraining the development of the automotive brake technology. The brake system market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Continental AG (Germany), ZF Friedrichshafen AG (Germany), Robert Bosch GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), Wabco Holdings, Inc. (U.S.), and Knorr-Bremse (Germany).

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