Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD), On & Off-Highway Vehicle(Passenger Car, LCV, HCV, Construction-Mining, Tractor), OHV Brake (Hydraulic Wet, Hydrostatic, Dynamic), Actuation and Region - Global Forecast to 2026
[211 Pages Report] The Automotive Brake System Market is projected to reach USD 26.5 billion by 2026 from an estimated USD 20.9 billion in 2021, at a CAGR of 4.9% during the forecast period. Factors such as rollout of stringent safety regulations, adoption of high-end and luxury cars, and growing adoption of air disc brakes in commercial vehicles are expected to drive the demand for the brake system market.
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The automotive industry plays a crucial role in building the global economy. However, the COVID-19 outbreak disrupted the entire automotive supply chain on a global scale during the second and third quarters of 2020, impacting new vehicle sales in FY 2020. According to OICA and MarketsandMarkets analysis, vehicle production (including LDV and HDV) witnessed a decline of 19.6% in 2020. The pandemic presented an uncertain recovery timeline for the automotive industry due to lockdowns and shutdown of manufacturing facilities in various parts of the world. The automotive industry faced four major challenges amid COVID-19—limited supply of vehicle parts, reduced sales of new vehicles, the shutdown of production facilities, and a decline in working capital. As the brake system market is dependent on the production of vehicles, this market is expected to be impacted due to the outbreak. However, according to various industry experts, the recovery may regain momentum by the second half of 2021.
Brake system Market Dynamics
Driver: Stopping distance for light- and heavy-duty vehicles
In August 2013, the National Highway Traffic Safety Administration (NHTSA) amended the Federal Motor Vehicle Safety Standard (FMVSS) 121 air brake systems to improve the stopping distance performance of truck tractors. The rule requires most new heavy truck tractors to achieve a 30% reduction in stopping distance compared to currently required levels. For these heavy truck tractors (approximately 99% of the fleet), the amended standard requires those vehicles to stop in not more than 250 feet when loaded to their gross vehicle weight rating (GVWR) and tested at a speed of 60 miles per hour (mph). For a small number of very heavy severe service tractors, the stopping distance requirement will be 310 feet under these same conditions. In addition, this final rule requires that all heavy truck tractors must stop within 235 feet when loaded to their “lightly loaded vehicle weight” (LLVW). Today’s disc brakes are very good at stopping power during braking. Also, around 60-90% of the vehicle’s stopping power comes from the front wheels. Thus, with the implementation of regulations for reduced stopping distance for enhanced safety, the adoption of disc brakes is expected to grow significantly.
Restraint: High development and maintenance costs
Advanced braking technologies involve complex interlinking of electronic and mechanical systems. ABS requires additional components such as sensors, pumps, valves, and controllers, and thus, they are more expensive than conventional braking systems. As ESC and EBD are coupled with ABS, the cost of implementation of these technologies has increased. For instance, according to the National Academies of Sciences, Engineering, and Medicine, the Transportation Research Board (TRB), the cost of implementing ESC on vehicles with anti-lock braking systems can be USD 50 per vehicle. An ABS is expensive to maintain as sensors on each wheel can cost hundreds of dollars. For instance, according to Repair Smith, the average cost of ABS module replacement is USD 300-1,000.
Opportunities: Brake-by-wire systems
The Brake-by-wire system is one of the latest technologies that help achieve weight reduction targets. The brake-by-wire system eliminates mechanical linkages between a system and replaces them with electric wires, motors, and actuators to help reduce the weight as well as improve the response time of the system. In a brake-by-wire system, other brake assistance technologies like antilock braking system (ABS), electronic stability program (ESP), electronic parking brake, and electronic traction control (ETC) can be integrated, thereby eliminating the hardware used in such systems and reducing the weight of vehicles. This is expected to drive the adoption of brake-by-wire technology in the coming years. Also, the increased focus of automotive OEMs on replacing mechanical parts with compact electrical components for better operational accuracy will result in faster adoption of brake-by-wire. Additionally, ongoing developments are further expected to drive brake-by-wire penetration in the coming years.
Challenges: Malfunctioning of electronic braking systems
A vehicle’s ABS control module is designed to notify the driver with a warning light if there is any malfunction in the system. Rarely does the malfunction of the module occurs; however, it is often the sensors or the wiring to the sensors that malfunction. The most common malfunctioning caused is when the ABS is contaminated with debris or metal shavings. When sensor wiring becomes damaged, there is no continuity of signal. In corrosive environments, brake fluid gets contaminated, and the hydraulic unit fails to function.
In 2021, BMW recalled 11 of its 2019-2020 models over a manufacturing fault in the brake boosting unit, leading to possible ABS failure under hard braking. In May 2020, Hyundai Motor Company Australia recalled more than 96,000 vehicles for an issue with the ABS module. Due to the manufacturing defect, an ECU in the ABS module short-circuited when the components were exposed to moisture.
Brake System Market Ecosystem
The market ecosystem comprises raw materials suppliers, component/part manufacturers, brake system manufacturers, and OEMs. Disc and drum brakes are equipped with friction material called brake pads and brake linings. Friction raw materials include phenol resin, aramid fiber, steel fiber, graphite, etc. Parts manufacturers provide components such as ABS control modules, master cylinders, brake boosters, brake pedals, wheel speed sensors, etc. Brake system manufacturers/system integrators then procure these parts/components from suppliers and design a brake system according to OEM requirements, and OEMs directly deploy these systems and install them in their vehicle models.
Brake System Market Ecosystem
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COMPANY |
ROLE IN ECOSYSTEM |
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Kor-Pak Corporation |
Raw Material Supplier |
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ProTech Friction Group |
Raw Material Supplier |
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Trimat Limited |
Raw Material Supplier |
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Miba |
Raw Material Supplier |
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TMD Friction |
Raw Material Supplier |
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Cardollite Corporation |
Raw Material Supplier |
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TE Connectivity |
Brake Part Manufacturer |
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KSR International |
Brake Part Manufacturer |
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PVI Ltd. |
Brake Part Manufacturer |
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Batz Group |
Brake Part Manufacturer |
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Continental AG |
Brake Part and System Manufacturer |
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ADVICS Co., Ltd. |
Brake Part and System Manufacturer |
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Mando Corporation |
Brake Part and System Manufacturer |
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Robert Bosch GmbH |
Brake Part and System Manufacturer |
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Haldex AB |
Brake Part and System Manufacturer |
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BWI Group |
Brake Part and System Manufacturer |
|
Audi |
OEM |
|
BMW |
OEM |
|
Hyundai |
OEM |
|
Toyota |
OEM |
|
Volkswagen |
OEM |
|
Volvo |
OEM |
|
Chevrolet |
OEM |
|
Ford |
OEM |
|
Freightliner |
OEM |
|
Daimler |
OEM |
Source: Company Websites and MarketsandMarkets Analysis
The hydraulic brake is expected to be the largest market, by actuation
All passenger cars and light commercial vehicles run on a hydraulic brake system. This braking system works well in passenger cars as they have light construction and low overall weight. Hydraulic brakes require low storage space than pneumatic brakes, and as passenger cars have limited storage space, hydraulic brakes are the most suitable option. Also, pneumatic brakes offer multiple benefits such as better heat dissipation than mechanical brakes, which makes them last longer. Additionally, hydraulic brake systems are the most accessible systems to repair due to the readily available brake parts in the aftermarket. Asia Pacific is the largest hydraulic brake market. As the hydraulic brake market is directly linked to vehicle production, China and India are expected to hold the largest market shares in Asia Pacific. Also, Asia Pacific is the second fastest-growing hydraulic brake market, considering the growing adoption of hydraulic brakes in passenger cars and light commercial vehicles.
Bus brake systems market is expected to be the fastest-growing in the forecast period
Buses have a lesser number of brakes than trucks but also employ air disc brakes as their preferred choice. As the penetration of air disc brakes increases in buses, the brake system market for buses will get a boost. For instance, according to Brendix, three of the leading full-line Asia Pacific school bus manufacturers – Blue Bird Corporation, Thomas Built Buses, and IC Bus from Navistar – offer ADB22X (air disc brake models) in their vehicles, as does Motor Coach Industries (MCI), the leading intercity coach manufacturer in the US and Canada. The penetration of highly efficient brake systems is on the rise in Asia Pacific, Europe, and Asia Pacific. Thus, with increasing adoption of advanced brake systems in buses, the market is going to witness a boost. Asia Pacific is the largest and fastest bus brake system market. As regulations are becoming stringent in India and China, these regulations will make a big impact on the bus brake system market. For instance, ESC will make its way into Indian buses by 2023 as part of regulations. This will give a strong boost to the market. Europe and Asia Pacific already have a higher share of buses with advanced brake systems, and this is expected to keep increasing in the coming years.
Hydraulic Wet Brake market is expected to be the fastest-growing in the forecast period
Hydraulic wet brakes are mainly used in agricultural tractors and construction equipment. A wet braking system is also called an oil-cooled or oil-immersed disc brake system. Wet brakes are a modern alternative to dry braking systems. Wet brakes offer better stopping power, can withstand harsh working conditions, and do not require frequent maintenance/repairs. It is easier to stop the vehicle when driving through water/wet roads with this hydraulic wet brake system, thereby enhancing the safety of the vehicle. All key tractor manufacturers use wet disc brakes, while only the economy models are equipped with dry disc or drum brakes. Asia Pacific is the largest market for hydraulic wet brake systems. This is mainly due to the presence of the largest tractor markets ― India and China. According to MarketsandMarkets analysis, Asia Pacific accounted for ~75% of total agricultural tractor sales globally. Increase in farm mechanization is significantly boosting tractors sales, driving the hydraulic wet disc brake system market. Also, growing stringency in safety regulations in Europe and Asia Pacific is expected to further boost the hydraulic wet brake system market.
Asia Pacific is expected to lead the market during the forecast period
Asia Pacific is projected to be the largest market for brake system during the forecast period. The market in Asia Pacific is expected to grow due to increasing adoption of advanced safety electronic braking system such as ABS, ESC and TCS. The growing collaboration between local players and global players is driving production of air disc brakes in the region. For instance, in April 2021, Haldex and FAST Group announced an agreement to form a joint venture company to produce and sell air disc brakes and aftersales services for trucks and buses with a primary focus on the Chinese market. Also, increasing sales of premium and luxury vehicles in the region is driving brake system market. The penetration of electronic braking systems in Rest of Asia Pacific is limited as of now and is not a mandatory feature. Thailand has a higher penetration of ABS and ESC than Indonesia and Malaysia. But the collaborations between local and global NCAPs are driving the popularity of advanced electronic braking systems. Also, the Government of Malaysia announced the mandatory fitment of ESC in new passenger cars in June 2018. Thus, considering the abovementioned factors, the Rest of Asia Pacific brake system market is expected to witness growth.
Asia Pacific: Brake System Market
Key Market Players
The global brake system market includes players, such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Aisin Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), and Brembo S.p.A (Italy), ADVICS Co., Ltd. (Japan). These companies have strong distribution networks at a global level and offer an extensive product range. They have adopted strategies of new product development, acquisition, and contracts & partnerships to sustain their market position.
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- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Market size available for years |
2019–2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021–2026 |
|
Forecast units |
Value (USD Million) and Volume (‘000 Units) |
|
Segments covered |
By brake type, vehicle type, technology, actuation, off-highway brake type, off-highway brake system market by application, and region |
|
Geographies covered |
Asia Pacific, North America, Europe, and Rest of the World |
|
Companies covered |
Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Aisin Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), and Brembo S.p,A (Italy), Hitachi Astemo Ltd. (Japan), Mando Corporation (South Korea), Haldex AB (Sweden). |
This research report categorizes the brake system market based on brake type, vehicle type, technology, actuation, off-highway brake type, off-highway brake system market by application, and region.
Based on Brake Type, the market has been segmented as follows:- Disc
- Drum
Based on Technology, the market has been segmented as follows:
- Antilock Braking Systems (ABS)
- Electronic Stability Control (ESC)
- Traction Stability Control (TCS)
- Electronic Brakeforce Distribution (EBD)
Based on Vehicle Type, the market has been segmented as follows:
- Passenger Car
- Light-commercial Vehicles (LCV)
- Truck
- Bus
Based on Actuation, the market has been segmented as follows:
- Hydraulic
- Pneumatic
Based on Off-highway Brake Type, the market has been segmented as follows:
- Hydraulic Wet Brake
- Dynamic Brake
- Hydrostatic Brake
- Other
Based on Off-highway Application, the market has been segmented as follows:
- Construction Equipment
- Mining Equipment
- Agricultural Tractors
Based on region, the market has been segmented as follows:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Rest of the World
- Brazil
- Russia
- Turkey
- Rest of RoW
Recent Developments
- In July 2019, Continental and Knorr-Bremse entered in partnership towards highly automated commercial vehicle driving for automated platooning (i.e., driving in a column). The cooperation partners show with this Platooning Demonstrator what driving functions they can develop, jointly with the vehicle manufacturers, for automated driving. This includes the formation of platoons, driving together, the emergency braking function, exiting by individual vehicles, and safe splitting up of the entire platoon.
- In March 2020, ZF launched an industry-first Front Electric Park Brake, extending the range of Electric Park Brake (EPB) systems to a wider range of vehicles. With this solution, car manufacturers can now equip smaller vehicles with an advanced braking system and design their interior without the classic handbrake lever or park brake pedal.
- In November 2020, TRW (ZF’s aftermarket brand) product portfolio for the independent aftermarket was further expanded in the two-piece brake disc segment. These brake discs are now also available for various Mercedes-Benz C- and E-Class models. Additional references for S-Class and GLC models of the Stuttgart premium manufacturer will follow in mid-2021.
- In June 2018, Akebono Brake Industry Co., Ltd. developed the world's first "new construction brake caliper." The new brake caliper is based on the construction of the existing product, the AD-Type disc brake, and has been modified extensively to meet specific requirements for automobiles that use electric power sources and to be friendlier to the global environment.
- In March 2021, Brembo introduced its new Brembo Sport | T3 brake disc. The new Brembo Sport | T3 disc is a direct replacement for original equipment discs and has two easily recognizable elements that distinguish it from the previous version - the use of Type3 slotting and the Brembo logo engraved on the braking surface. These new technologies and design features are a first for a road disc.
Frequently Asked Questions (FAQ):
What is the current size of the brake system market?
The brake system market is estimated to be USD 20.9 billion in 2021 and is projected to reach USD 26.5 billion by 2026 at a CAGR of 4.9%.
Who are the top key players in the brake system market?
The brake system market is dominated by globally established players such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Aisin Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), Brembo S.p.A (Italy), Haldex AB (Sweden), Mando Corporation (South Korea), and Hitachi Astemo, Ltd. (Japan). These companies focus on developing new products, adopt expansion strategies and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in this growing brake system market.
What is the COVID-19 impact on the brake system market?
ICE vehicle production remained significantly disrupted by the COVID-19 pandemic. The global production of vehicles pre-COVID was expected to grow from ~90-95 million units in 2020 to ~110-115 million units by 2025, with the Asia Pacific and North America being major markets in the passenger car segment. Due to COVID-19, most of the countries implemented complete lockdowns for more than two months, which, in turn, impacted vehicle production. Manufacturing units around the world were shut down, thus impacting production on a global scale. Although a few OEMs resumed partial production during the later quarters of 2020, the brake system market declined significantly in 2020.
What are the trends in the brake system market?
North America is experiencing increased adoption of disc brakes in heavy commercial vehicles, but as of now, drum brakes hold majority market share.
Europe has the highest penetration of disc brakes in light- and heavy-duty vehicles.
Adoption of safety features such as ABS and ESC is becoming a mandate in several countries around the world.
What is the future of the brake system market?
Growing popularity of advanced electronic braking systems globally, increasing penetration of air disc brakes in commercial vehicles and growing sales of premium and luxury cars is expected to drive brake system market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 20)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 BRAKE SYSTEM MARKET: MARKET SEGMENTATION
FIGURE 2 BRAKE SYSTEM MARKET: BY REGION
1.4 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 RESEARCH DATA
FIGURE 3 RESEARCH DESIGN
FIGURE 4 RESEARCH METHODOLOGY MODEL
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, & REGION
2.1.2.1 List of primary participants
2.2 MARKET ESTIMATION METHODOLOGY
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
FIGURE 7 BRAKE SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (ON- & OFF-HIGHWAY AND REGION)
2.2.2 TOP-DOWN APPROACH
FIGURE 8 BRAKE SYSTEM MARKET SIZE: TOP-DOWN APPROACH (BY ACTUATION)
2.3 DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
2.4.1 GLOBAL ASSUMPTIONS
2.4.2 MARKET ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 37)
3.1 PRE & POST COVID-19 SCENARIO
FIGURE 10 PRE- & POST-COVID-19 SCENARIO: BRAKE SYSTEM MARKET, 2019-2026 (USD MILLION)
TABLE 1 BRAKE SYSTEM MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2019–2026 (USD MILLION)
3.2 REPORT SUMMARY
FIGURE 11 BRAKE SYSTEM MARKET: MARKET OUTLOOK
FIGURE 12 BRAKE SYSTEM MARKET, BY REGION, 2021 VS. 2026 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 42)
4.1 ATTRACTIVE OPPORTUNITIES IN BRAKE SYSTEM MARKET
FIGURE 13 STRINGENT SAFETY STANDARDS AND POPULARITY OF DISC BRAKES TO DRIVE THE MARKET
4.2 BRAKE SYSTEM MARKET, BY REGION
FIGURE 14 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
4.3 BRAKE SYSTEM MARKET, BY TECHNOLOGY
FIGURE 15 ABS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2021
4.4 BRAKE SYSTEM MARKET, BY VEHICLE TYPE
FIGURE 16 PASSENGER CAR SEGMENT TO LEAD BRAKE SYSTEM MARKET BY 2026
4.5 BRAKE SYSTEM MARKET, BY BRAKE TYPE
FIGURE 17 DISC BRAKE TO BE FASTEST GROWING BRAKE TYPE DURING FORECAST PERIOD
4.6 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION
FIGURE 18 AGRICULTURAL TRACTORS EXPECTED TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
4.7 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY TYPE
FIGURE 19 HYDRAULIC WET BRAKE TO CONTRIBUTE TO LARGEST SHARE IN OFF-HIGHWAY BRAKE SYSTEM DURING FORECAST PERIOD
4.8 BRAKE SYSTEM MARKET, BY ACTUATION
FIGURE 20 HYDRAULIC BRAKE SEGMENT TO HAVE HIGHER CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 47)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 BRAKE SYSTEM MARKET: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Stringent automotive active safety regulations
5.2.1.1.1 Stopping distance for light- and heavy-duty vehicles
FIGURE 22 COMPARISON OF STOPPING DISTANCES AT 65 MPH FOR PASSENGER CAR AND TRUCK IN US
FIGURE 23 TOTAL STOPPING DISTANCES FOR PASSENGER CAR AND TRUCK
5.2.1.1.2 Enhanced vehicle safety with ABS and EBD
FIGURE 24 EFFECT OF EBD
5.2.1.2 Integration of ACC in electronic braking systems
FIGURE 25 ANALYSIS OF ELECTRONIC BRAKING SYSTEMS FOR DIFFERENT VEHICLE CLASS
5.2.1.3 Impact of NCAP on electronic brake systems
TABLE 2 LOCAL NEW CAR ASSESSMENT PROGRAMS (NCAP)
TABLE 3 FACTORS & WEIGHTAGE FOR EURO NCAP RATING
5.2.2 RESTRAINTS
5.2.2.1 High development and maintenance costs
TABLE 4 ABS CONTROL MODULE REPAIR COSTS (USD)
5.2.3 OPPORTUNITIES
5.2.3.1 Brake-by-wire systems
FIGURE 26 BRAKE-BY-WIRE MARKET, 2020 VS. 2025 (USD MILLION)
5.2.3.2 Regenerative braking to create lucrative growth in EV ecosystem
FIGURE 27 ELECTRIC VEHICLE SALES, 2021 VS 2026 (‘000 UNITS)
5.2.4 CHALLENGES
5.2.4.1 Malfunctioning of electronic braking systems
5.2.4.2 Air brake freeze-ups
5.2.5 IMPACT OF COVID-19 ON BRAKE SYSTEM MARKET
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
FIGURE 28 REVENUE SHIFT FOR BRAKE SYSTEM MARKET
5.4 BRAKE SYSTEM MARKET, SCENARIOS (2021–2026)
FIGURE 29 BRAKE SYSTEM MARKET: COVID-19 SCENARIOS ANALYSIS
5.4.1 MOST LIKELY/REALISTIC SCENARIO
TABLE 5 BRAKE SYSTEM MARKET, (REALISTIC SCENARIO), BY REGION, 2019–2026 (USD MILLION)
5.4.2 HIGH COVID-19 IMPACT SCENARIO
TABLE 6 BRAKE SYSTEM MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2019–2026 (USD MILLION)
5.4.3 LOW COVID-19 IMPACT SCENARIO
TABLE 7 BRAKE SYSTEM MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2019–2026 (USD MILLION)
5.5 ECOSYSTEM/MARKET MAP
TABLE 8 BRAKE SYSTEM MARKET: ECOSYSTEM
5.6 TECHNOLOGY ANALYSIS
5.7 CASE STUDY ANALYSIS
5.7.1 CASE STUDY 1
5.7.2 CASE STUDY 2
5.8 PATENT ANALYSIS
5.9 AVERAGE SELLING PRICE ANALYSIS, 2021-E
TABLE 9 AVERAGE SELLING PRICE, BY BRAKE TYPE
TABLE 10 AVERAGE SELLING PRICE, BY VEHICLE TYPE
TABLE 11 AVERAGE SELLING PRICE, BY TECHNOLOGY
5.10 VALUE CHAIN ANALYSIS
FIGURE 30 VALUE CHAIN ANALYSIS: BRAKE SYSTEM MARKET
5.11 TRADE ANALYSIS
TABLE 12 TRADE ANALYSIS, VEHICLE PARTS; BRAKES, SERVO-BRAKES, AND PARTS THEREOF
5.12 TARIFF AND REGULATORY LANDSCAPE
5.12.1 VEHICLE SAFETY STANDARDS, BY REGION
TABLE 13 VEHICLE SAFETY STANDARDS, BY REGION
5.12.2 US: FEDERAL MOTOR SAFETY STANDARDS FOR BRAKE SYSTEM PARTS
TABLE 14 US: FEDERAL MOTOR VEHICLE SAFETY STANDARDS
5.13 PORTER’S FIVE FORCES ANALYSIS
FIGURE 31 PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF NEW ENTRANTS
5.13.2 THREAT OF SUBSTITUTES
5.13.3 BARGAINING POWER OF SUPPLIERS
5.13.4 BARGAINING POWER OF BUYERS
5.13.5 INTENSITY OF COMPETITIVE RIVALRY
6 BRAKE SYSTEM MARKET, BY BRAKE TYPE (Page No. - 74)
6.1 INTRODUCTION
6.1.1 RESEARCH METHODOLOGY
6.1.2 ASSUMPTIONS/LIMITATIONS
6.1.3 INDUSTRY INSIGHTS
FIGURE 32 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 15 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 16 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
6.2 DISC BRAKE
6.2.1 ADVANTAGES LIKE BETTER HEAT DISSIPATION & SELF-ADJUSTING FRICTION MATERIAL TO DRIVE DEMAND
TABLE 17 DISC BRAKE MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 18 DISC BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
6.3 DRUM BRAKE
6.3.1 COST-SENSITIVE NATURE OF EMERGING MARKETS EXPECTED TO DRIVE DEMAND
TABLE 19 DRUM BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 20 DRUM BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
7 BRAKE SYSTEM MARKET, BY TECHNOLOGY (Page No. - 79)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS/LIMITATIONS
7.1.3 INDUSTRY INSIGHTS
FIGURE 33 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2021 VS. 2026 (USD MILLION)
TABLE 21 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2019–2026 (‘000 UNITS)
TABLE 22 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
7.2 ANTI-LOCK BRAKE SYSTEM (ABS)
7.2.1 REGULATIONS TO MANDATE ABS EXPECTED TO DRIVE THE SEGMENT
TABLE 23 ANTILOCK BRAKING SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 24 ANTILOCK BRAKING SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3 ELECTRONIC STABILITY CONTROL (ESC)
7.3.1 REDUCTION OF FATALITIES AND TECHNICAL BENEFITS EXPECTED TO DRIVE THE SEGMENT
TABLE 25 ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 26 ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2019–2026 (USD MILLION)
7.4 TRACTION CONTROL SYSTEM (TCS)
7.4.1 BETTER TRACTION CONTROL AND LIMITED WHEEL SLIPPAGE EXPECTED TO DRIVE THE SEGMENT
TABLE 27 TRACTION CONTROL SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 28 TRACTION CONTROL SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
7.5 ELECTRONIC BRAKE FORCE DISTRIBUTION (EBD)
7.5.1 STRINGENCY IN SAFETY REGULATIONS EXPECTED TO DRIVE THE SEGMENT
TABLE 29 ELECTRONIC BRAKE FORCE DISTRIBUTION MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 30 ELECTRONIC BRAKE FORCE DISTRIBUTION MARKET, BY REGION, 2019–2026 (USD MILLION)
8 BRAKE SYSTEM MARKET, BY VEHICLE TYPE (Page No. - 86)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS/LIMITATIONS
8.1.3 INDUSTRY INSIGHTS
FIGURE 34 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 31 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2019–2026 (‘000 UNITS)
TABLE 32 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2019–2026 (USD MILLION)
8.2 PASSENGER CAR
8.2.1 STRINGENT SAFETY STANDARDS EXPECTED TO DRIVE THE SEGMENT
TABLE 33 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 34 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
8.3 LIGHT COMMERCIAL VEHICLE (LCV)
8.3.1 GROWING DEMAND FOR ADVANCED BRAKING SYSTEMS EXPECTED TO DRIVE THE SEGMENT
TABLE 35 LIGHT COMMERCIAL VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 36 LIGHT COMMERCIAL VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
8.4 TRUCK
8.4.1 INTRODUCTION OF ELECTRONIC BRAKE SYSTEMS EXPECTED TO DRIVE THE SEGMENT
TABLE 37 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 38 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
8.5 BUS
8.5.1 ADOPTION OF EFFICIENT BRAKE SYSTEMS EXPECTED TO DRIVE THE SEGMENT
TABLE 39 BUS BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 40 BUS BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
9 BRAKE SYSTEM MARKET, BY ACTUATION (Page No. - 94)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS/LIMITATIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 35 BRAKE SYSTEM MARKET, BY ACTUATION, 2021 VS. 2026 (USD MILLION)
TABLE 41 BRAKE SYSTEM MARKET, BY ACTUATION, 2019–2026 (‘000 UNITS)
TABLE 42 BRAKE SYSTEM MARKET, BY ACTUATION, 2019–2026 (USD MILLION)
9.2 HYDRAULIC BRAKE
9.2.1 LIGHT CONSTRUCTION AND LOW OVERALL WEIGHT TO DRIVE DEMAND
TABLE 43 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 44 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
9.3 PNEUMATIC BRAKE
9.3.1 SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES TO DRIVE DEMAND
TABLE 45 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 46 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
10 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION (Page No. - 99)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 ASSUMPTIONS/LIMITATIONS
10.1.3 INDUSTRY INSIGHTS
FIGURE 36 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
TABLE 47 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2019–2026 (‘000 UNITS)
TABLE 48 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
10.2 AGRICULTURAL TRACTOR
TABLE 49 AGRICULTURAL TRACTOR BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 50 AGRICULTURAL TRACTOR BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
10.3 CONSTRUCTION EQUIPMENT
TABLE 51 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 52 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
10.4 MINING EQUIPMENT
TABLE 53 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 54 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
11 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE (Page No. - 106)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS/LIMITATIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 37 OFF-BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 55 OFF-HIGHWAY VEHICLES BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 56 OFF-HIGHWAY VEHICLES BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
11.2 HYDROSTATIC BRAKE
11.2.1 INCREASING DEPLOYMENT OF MINING EQUIPMENT WITH HYDROSTATIC BRAKING EXPECTED TO DRIVE THE SEGMENT
TABLE 57 OFF-HIGHWAY VEHICLES HYDROSTATIC BRAKE MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 58 OFF-HIGHWAY VEHICLES HYDROSTATIC BRAKE MARKET, BY REGION, 2019–2026 (USD MILLION)
11.3 HYDRAULIC WET BRAKE
11.3.1 SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES EXPECTED TO DRIVE THE SEGMENT
TABLE 59 OFF-HIGHWAY VEHICLES HYDRAULIC WET BRAKE MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 60 OFF-HIGHWAY VEHICLES HYDRAULIC WET BRAKE MARKET, BY REGION, 2019–2026 (USD MILLION)
11.4 DYNAMIC BRAKE
11.4.1 STRINGENCY IN SAFETY STANDARDS EXPECTED TO DRIVE THE SEGMENT
TABLE 61 OFF-HIGHWAY VEHICLES DYNAMIC BRAKE MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 62 OFF-HIGHWAY VEHICLES DYNAMIC BRAKE MARKET, BY REGION, 2019–2026 (USD MILLION)
11.5 OTHERS
TABLE 63 OTHERS OFF-HIGHWAY VEHICLES BRAKE MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 64 OTHERS OFF-HIGHWAY VEHICLES BRAKE MARKET, BY REGION, 2019–2026 (USD MILLION)
12 BRAKE SYSTEM MARKET, BY REGION (Page No. - 114)
12.1 INTRODUCTION
12.1.1 RESEARCH METHODOLOGY
12.1.2 ASSUMPTIONS/LIMITATIONS
12.1.3 INDUSTRY INSIGHTS
FIGURE 38 BRAKE SYSTEM MARKET, BY REGION, 2021 VS. 2026 (USD MILLION)
TABLE 65 BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (‘000 UNITS)
TABLE 66 BRAKE SYSTEM MARKET, BY REGION, 2019–2026 (USD MILLION)
12.2 ASIA PACIFIC
FIGURE 39 ASIA PACIFIC BRAKE SYSTEM MARKET SNAPSHOT
TABLE 67 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2026 (‘000 UNITS)
TABLE 68 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
12.2.1 CHINA
12.2.1.1 Growing vehicle production to drive the market
TABLE 69 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 70 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.2.2 INDIA
12.2.2.1 Stringency in safety standards to drive the market
TABLE 71 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 72 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.2.3 JAPAN
12.2.3.1 Rising penetration of automatic braking systems to drive the market
TABLE 73 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 74 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.2.4 SOUTH KOREA
12.2.4.1 Government mandates for implementation of advanced brake systems to drive the market
TABLE 75 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 76 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.2.5 REST OF ASIA PACIFIC
TABLE 77 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 78 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.3 EUROPE
FIGURE 40 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2021 VS. 2026
TABLE 79 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2026 (‘000 UNITS)
TABLE 80 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
12.3.1 GERMANY
12.3.1.1 Implementation of advanced emergency braking systems as a standard fitment to drive the market
TABLE 81 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 82 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.3.2 FRANCE
12.3.2.1 Increasing penetration of disc brakes to drive the market
TABLE 83 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 84 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.3.3 SPAIN
12.3.3.1 Implementation of AEB in passenger cars to drive the market
TABLE 85 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 86 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.3.4 ITALY
12.3.4.1 Regulations mandating AEB to drive the market
TABLE 87 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 88 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.3.5 UK
12.3.5.1 Increasing adoption of ABS and ESC to drive the market
TABLE 89 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 90 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.3.6 REST OF EUROPE
TABLE 91 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 92 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.4 NORTH AMERICA
FIGURE 41 NORTH AMERICA: BRAKE SYSTEM MARKET SNAPSHOT
TABLE 93 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2026 (‘000 UNITS)
TABLE 94 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
12.4.1 US
12.4.1.1 Regulations to reduce stopping distance in commercial vehicles to drive the market
TABLE 95 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 96 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.4.2 CANADA
12.4.2.1 Mandatory features such as ABS & ESC to drive the market
TABLE 97 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 98 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.4.3 MEXICO
12.4.3.1 Free trade agreements promoting domestic production of brake system components to drive the market
TABLE 99 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 100 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.5 REST OF THE WORLD (ROW)
FIGURE 42 ROW: BRAKE SYSTEM MARKET, 2021 VS. 2026 (USD MILLION)
TABLE 101 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2026 (‘000 UNITS)
TABLE 102 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
12.5.1 BRAZIL
12.5.1.1 Setting up of local plants for brake system components to drive the market
TABLE 103 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 104 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.5.2 TURKEY
12.5.2.1 Lower manufacturing & labor costs to drive the market
TABLE 105 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 106 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.5.3 RUSSIA
12.5.3.1 Increasing adoption of disc brakes in LCVs to drive the market
TABLE 107 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 108 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
12.5.4 REST OF ROW
TABLE 109 REST OF ROW: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (‘000 UNITS)
TABLE 110 REST OF ROW: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019–2026 (USD MILLION)
13 COMPETITIVE LANDSCAPE (Page No. - 139)
13.1 OVERVIEW
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
FIGURE 43 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT STRATEGY AS THE KEY GROWTH STRATEGY, 2019–2021
13.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018-2020
13.4 MARKET SHARE ANALYSIS
TABLE 111 MARKET SHARE, 2020
FIGURE 44 BRAKE SYSTEM MARKET SHARE ANALYSIS, 2020
13.5 COMPETITIVE LEADERSHIP MAPPING
13.5.1 STAR
13.5.2 EMERGING LEADER
13.5.3 PERVASIVE
13.5.4 PARTICIPANT
FIGURE 45 COMPETITIVE LEADERSHIP MAPPING: BRAKE SYSTEM MANUFACTURERS
TABLE 112 BRAKE SYSTEM MARKET: COMPANY FOOTPRINT
TABLE 113 COMPANY TECHNOLOGY FOOTPRINT
TABLE 114 COMPANY REGION FOOTPRINT (19 COMPANIES)
13.6 COMPETITIVE LEADERSHIP MAPPING: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS
13.6.1 STAR
13.6.2 EMERGING LEADER
13.6.3 PERVASIVE
13.6.4 PARTICIPANT
FIGURE 46 COMPETITIVE LEADERSHIP MAPPING: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS
TABLE 115 OFF-HIGHWAY BRAKE SYSTEM MARKET: COMPANY FOOTPRINT
TABLE 116 COMPANY INDUSTRY FOOTPRINT (OFF-HIGHWAY) (12 COMPANIES)
TABLE 117 COMPANY REGION FOOTPRINT (OFF-HIGHWAY) (12 COMPANIES)
13.7 COMPETITIVE SCENARIO
13.8 NEW PRODUCT LAUNCHES
TABLE 118 NEW PRODUCT DEVELOPMENT, 2019-2020
13.9 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, & JOINT VENTURES
TABLE 119 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, & JOINT VENTURES, 2019-2021
14 COMPANY PROFILES (Page No. - 156)
14.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
14.1.1 ROBERT BOSCH GMBH
TABLE 120 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
FIGURE 47 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 121 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
TABLE 122 ROBERT BOSCH GMBH: DEALS
14.1.2 CONTINENTAL AG
TABLE 123 CONTINENTAL AG: BUSINESS OVERVIEW
FIGURE 48 CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 124 CONTINENTAL AG: PRODUCT DEVELOPMENTS
TABLE 125 CONTINENTAL AG: DEALS
14.1.3 ZF FRIEDRICHSHAFEN AG
TABLE 126 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW
FIGURE 49 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
TABLE 127 ZF FRIEDRICHSHAFEN AG: PRODUCT LAUNCHES
TABLE 128 ZF FRIEDRICHSHAFEN AG: DEALS
14.1.4 AKEBONO BRAKE INDUSTRY CO., LTD.
TABLE 129 AKEBONO BRAKE INDUSTRY CO., LTD.: BUSINESS OVERVIEW
FIGURE 50 AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY SNAPSHOT
TABLE 130 AKEBONO BRAKE INDUSTRY CO., LTD.: PRODUCT LAUNCHES
14.1.5 BREMBO S.P.A
TABLE 131 BREMBO S.P.A: BUSINESS OVERVIEW
FIGURE 51 BREMBO S.P.A: COMPANY SNAPSHOT
TABLE 132 BREMBO S.P.A: PRODUCT LAUNCHES
TABLE 133 BREMBO S.P.A: DEALS
14.1.6 AISIN SEIKI CO., LTD.
TABLE 134 AISIN SEIKI CO., LTD.: BUSINESS OVERVIEW
FIGURE 52 AISIN SEIKI CO., LTD.: COMPANY SNAPSHOT
14.1.7 HITACHI ASTEMO LTD.
TABLE 135 HITACHI ASTEMO LTD.: BUSINESS OVERVIEW
FIGURE 53 HITACHI ASTEMO LTD.: COMPANY SNAPSHOT
TABLE 136 HITACHI ASTEMO LTD.: OTHERS
14.1.8 KNORR-BREMSE AG
TABLE 137 KNORR-BREMSE AG: BUSINESS OVERVIEW
FIGURE 54 KNORR-BREMSE AG: COMPANY SNAPSHOT
14.1.9 HALDEX AB
TABLE 138 HALDEX AB: BUSINESS OVERVIEW
FIGURE 55 HALDEX AB: COMPANY SNAPSHOT
TABLE 139 HALDEX AB: PRODUCT LAUNCHES
TABLE 140 HALDEX AB: DEALS
14.1.10 MANDO CORPORATION
TABLE 141 MANDO CORPORATION: BUSINESS OVERVIEW
FIGURE 56 MANDO CORP: COMPANY SNAPSHOT
14.2 OTHER KEY PLAYERS
14.2.1 ASIA PACIFIC
14.2.1.1 Denso Corporation
TABLE 142 DENSO CORPORATION: BUSINESS OVERVIEW
14.2.1.2 Hyundai Mobis
TABLE 143 HYUNDAI MOBIS: BUSINESS OVERVIEW
14.2.1.3 Wuhan Youfin Auto Parts Co., Ltd.
TABLE 144 WUHAN YOUFIN AUTO PARTS CO., LTD.: BUSINESS OVERVIEW
14.2.1.4 Advics Co., Ltd.
TABLE 145 ADVIS CO., LTD.: BUSINESS OVERVIEW
14.2.1.5 Wuhu Bethel Automotive Safety System Co., Ltd.
TABLE 146 WUHU BETHEL AUTOMOTIVE SAFETY SYSTEM CO., LTD.: BUSINESS OVERVIEW
14.2.2 EUROPE
14.2.2.1 Beringer
TABLE 147 BERINGER: BUSINESS OVERVIEW
14.2.2.2 EBC Brakes
TABLE 148 EBC BRAKES: BUSINESS OVERVIEW
14.2.2.3 NIFO SRL
TABLE 149 NIFO SRL
14.2.3 NORTH AMERICA
14.2.3.1 BWI Group
TABLE 150 BWI GROUP: BUSINESS OVERVIEW
14.2.3.2 Meritor, Inc.
TABLE 151 MERITOR, INC.: BUSINESS OVERVIEW
14.2.3.3 Muller Brakes America Inc.
TABLE 152 MÜLLER BRAKES AMERICA: BUSINESS OVERVIEW
14.2.3.4 Wagner Brake
TABLE 153 WAGNER BRAKE: BUSINESS OVERVIEW
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 201)
15.1 ASIA PACIFIC IS A POTENTIAL MARKET FOR BRAKE SYSTEMS
15.2 COMPANIES SHOULD FOCUS ON DISC BRAKES
15.3 GROWING DEMAND FOR HYDRAULIC WET BRAKES IN AGRICULTURAL TRACTORS
15.4 CONCLUSION
16 APPENDIX (Page No. - 203)
16.1 CURRENCY & PRICING
TABLE 154 CURRENCY EXCHANGE RATES (WRT PER USD)
16.2 INSIGHTS OF INDUSTRY EXPERTS
16.3 DISCUSSION GUIDE
16.4 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.5 AVAILABLE CUSTOMIZATIONS
16.5.1 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE
16.5.1.1 Hydrostatic Brake
16.5.1.2 Hydraulic Wet Brake
16.5.1.3 Dynamic Brake
16.5.1.4 Others
16.5.2 ON-HIGHWAY SYSTEM MARKET, BY VEHICLE TYPE & BRAKE TYPE
16.5.2.1 Disc Brake
16.5.2.2 Drum Brake
16.6 RELATED REPORTS
16.7 AUTHOR DETAILS
The study involved four major activities to estimate the current size of the brake system market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of various segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been used to identify and collect information useful for an extensive commercial study of the brake system market. The secondary sources referred to in this research study include Organisation Internationale des Constructeurs d'Automobiles (OICA), MEMA Brake Manufacturers Council (BMC), Automotive Component Manufacturers Association of India (ACMA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Additionally, secondary research has been carried out to understand the average selling prices of disc and drum brake by vehicle type, historic sales of new vehicles, and vehicle parc. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included industry experts such as CXOs, vice presidents, directors from business development, marketing, product development/innovation teams, and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.
Primary interviews have been conducted to gather insights such as ICE vehicle and off-highway equipment sales forecast, disc & drum brake market penetration & forecast, future technology trends, and upcoming technologies in the brake system industry. Data triangulation was then done with the information gathered from secondary research. Stakeholders from demand as well as supply side have been interviewed to understand their views on the aforementioned points.
Primary interviews have been conducted with market experts from demand and supply side across four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales and operations, to provide a holistic viewpoint in our report.
After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
A detailed market estimation approach was followed to estimate and validate the value of the brake system market and other dependent submarkets, as mentioned below:
- Key players in the brake system market were identified through secondary research, and their global market shares were determined through primary and secondary research.
- The research methodology included study of annual and quarterly financial reports and regulatory filings of major market players (public) as well as interviews with industry experts for detailed market insights.
- All industry-level penetration rates, percentage shares, splits, and breakdowns for the brake system were determined using secondary sources and verified through primary sources.
- All key macro indicators affecting the revenue growth of the market segments and subsegments have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative and qualitative data.
- The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.
Brake System Market (On- & Off-Highway): Bottom-Up Approach
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub segment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends.
Report Objectives
- To define, describe, and forecast the brake system market, in terms of value
(USD million), based on the following segments:- Brake type [Disc and Drum]
- Brake Technology [(antilock braking system (ABS), traction control system (TCS), electronic stability control (ESC), and electronic brake-force distribution (EBD)]
- Off-highway Application [agriculture tractor, construction equipment, and mining equipment]
- Vehicle Type [passenger car, LCV, truck and bus]
- Off-highway Brake Type [hydrostatic brake, hydraulic wet brake, dynamic brake, and others]
- Actuation [pneumatic brake and hydraulic brake]
- Region [North America, Europe, Asia Pacific, and the Rest of the World (RoW)]
- To analyze the impact of COVID-19 on the brake system market (pre-COVID-19 vs. post-COVID-19)
- To provide detailed information regarding major factors influencing the brake system market (drivers, restraints, opportunities, and challenges)
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and expansions in the brake system market
- To analyze the impact of COVID-19 as per the most likely, low-impact, and high-impact COVID-19 scenarios
- To conduct:
- Case Study Analysis
- Technology Analysis
- To Analyze:
- Value Chain Analysis
- Trade Analysis
- Market ecosystem analysis
- Tariff and Regulatory Landscape Analysis
- Porter’s Five Force Analysis
- Average Selling Price Analysis
- To analyze the market share of key players in the brake system market, revenue analysis of top 5 players and competitive evaluation quadrant (on- & off-highway brake system manufacturers)
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
- Off-highway Brake System Market, by Brake Type
- Hydrostatic Brake
- Hydraulic Wet Brake
- Dynamic Brake
- Others
- On-highway System Market, by Vehicle Type & Brake Type
- Disc Brake
- Drum Brake
Note: Countries considered in Asia Pacific are: China, Japan, India, South Korea, and Rest of Asia Pacific; North America: US, Canada, and Mexico; Europe: Italy, UK, Germany, France, Spain, and rest of Europe; RoW: Brazil, Russia, Turkey and Rest of RoW
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Brake System Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Brake System Market
Hello Please advise if your report details Automatic Park Brake, Electronic Park Brake Technology future implementation
Foundation brake suppliers - market share, awarded programs, plant locations in NAFTA, plant capacities.
Would like to see the depth of your reports. Maybe you can show that especially for the passcar brakes market
Car type vehicles M1 and light commercials N1, especially interesting hybrid vehicles. Also an interest in military vehicles
We are looking for information pertaining to Automotive Electronically Assisted Brake (EAB) System Market.
What would be the future market of Air Disc Brake in Commercial Vehicle market. And competition matrix in Brake system.
Change from Vaccum Systems to electro hydraulic (EHB) Systems. How fast will the Change come into real volume production.
OFF HIGHWAY BRAKES FOR CONSTRUCTION, AGRICULTURY, MINING, MILITARY MARKETS). Market share, sales, main customers of each player, main products, etc
let me keep this short as I do not have time to waste on this. I am interested in understanding brake manufacturers locations, annual outputs, expected growth and new programs won. Evidence that this report contains 3 out of 4 of these requirements I will buy your report.
I am a trainee from continental Corporation. We purchased this study a few month ago and have some further questions. Especially some questions in regard to some definitions and some results in the Off-highway area. Please contact me as soon as possible
We are interested in this document, because we need to write a paper concerning the Knorr-Bremse and Haldex merger commissioned by the University of Leuven, Belgium.
We are interested in growing our company in Canada. We would like to explore a relationship with a brake manufacturer / supplier that wants to increase their after market share of the Canadian Market. We are looking for Marketing help to determine who, and how, to best accomplish an introduction to this opportunity.
Please share sample which will contain market shares by supplier in AP or EMEA for pads or discs. We have few report to chose from but I want to select the most accurate one - hence my request.