Automotive Brake System Market

Automotive Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD, AEB), OHV Brakes (Hydraulic Wet, Hydrostatic, Dynamic), On & Off-Highway Vehicles & Electric Vehicles, Component, Actuation and Region - Global Forecast to 2028

Report Code: AT 3016 Jan, 2024, by marketsandmarkets.com

[327 Pages Report] The automotive brake system market size was valued at USD 23.5 billion in 2023 and is expected to reach USD 30.1 billion by 2028 at a CAGR of 5.1% during the forecast period. Factors such as the rollout of stringent safety regulations, the adoption of high-end and luxury cars, and the growing adoption of air disc brakes in commercial vehicles are expected to drive the demand for the automotive brake system market.

Automotive Brake System Market Dynamics

Driver: Inclusion of advanced brake systems such as ABS and EBD to enhance vehicle safety

The implementation of electronic braking systems, including Anti-lock Brake Systems (ABS), Brake Assist (BA), and Electronic Brakeforce Distribution (EBD), plays a crucial role in minimizing stopping distances. ABS contributes to vehicle stability and directional control, effectively reducing stopping distances in situations of intense braking, presenting a significant advantage over traditional braking systems. As per the Royal Society for the Prevention of Accidents (ROSPA), ABS ensures achieving the shortest possible stopping distance for a vehicle. BA is closely linked to ABS technology, is commonly employed in conjunction with ABS and is recognized for reducing stopping distances by 45%. Thus, in coming years the adoption of ABS and Brake Assist (BA) is expected to increase due ti regulatory mandates regarding vehicle safety. EBD, an extension of ABS, ensures an even distribution of force to each wheel, offering benefits such as improved stability, reduced stopping distance, enhanced traction, and optimized braking efficiency. Recognizing these benefits, developing countries like India and Mexico have expressed their commitment to incorporating advanced braking systems such as Electronic Brakeforce Distribution (EBD), and Electronic Stability Control (ESC) in new vehicle models. The Indian automotive industry has already adopted ESC and is slated to make EBD mandatory from 2023. Similarly, in 2021, the Mexican government announced its plan to install ESC and EBD in selected vehicles manufactured in 2022.

Country-wise advanced braking system regulations

Country

Regulation

Description

US

FMVSS 135

NHTSA's FMVSS 135 mandates that every new passenger car and light truck sold in the US must come equipped with ABS. Additionally, this regulation establishes specific performance criteria for these systems.

European Union

UN Regulation No. 13-H

UN Regulation No. 13-H mandates that all new passenger cars available for sale in the European Union must be fitted with advanced emergency braking systems (AEBS). This regulation also establishes performance standards for these systems.

India

AIS 122 (Rev. 3)

AIS 122 (Rev. 3) mandates the installation of ABS in all newly sold passenger cars and light commercial vehicles in India. The regulation also outlines specific performance criteria for these systems.

China

GB 7258-2017

GB 7258-2017 stipulates that all newly sold passenger cars in China must have installed advanced emergency braking and ESC systems. This regulation also defines performance standards for these systems.

Japan

JASO D602A

JASO D602A mandates that all recently sold passenger cars in Japan must come equipped with AEBS and establishes performance standards for these systems.

South Korea

KSM 585

KSM 485 necessitates the installation of AEBS in all newly sold passenger cars in South Korea, and it also defines specific performance criteria for these systems.

Restraint: High development and maintenance costs of advanced braking technology

Maintaining the brake system incurs substantial expenses, as routine service involves replacing brake fluid, brake shoes, brake pads, resurfacing rotors, and performing the cleaning, adjustment, and lubrication of other braking mechanisms, all of which are costly procedures. The upkeep of an Anti-lock Brake System (ABS) is also a financial consideration, given that the sensors on each wheel can carry a price tag in the hundreds of dollars. For instance, Repair Smith reports that an average cost of USD 150 to USD 400 for ABS sensor replacement and USD 90 to USD 200 for brake fluid replacement. Moreover, the replacement of crucial components such as master cylinders, rotors, calipers, drums, pads, and wheel cylinders can amount to approximately USD 750 to USD 1,000.

In cost  sensitive countries like India and Brazil, the integration of advanced electronic systems is predominantly limited to high-end vehicles. Furthermore, the additional expenses associated with maintenance and repair serve as a deterrent to the widespread adoption of such systems.

Opportunities: Government regulations to make advanced emergency braking systems mandatory

In 2019, over 40 countries reached a consensus on a preliminary United Nations Regulation aimed at implementing Advanced Emergency Braking (AEB) systems in cars and light vehicles to mitigate vehicle crashes. As part of this initiative, the European Union has revised its Regulation No. 152-00 concerning AEB systems for both light passenger and commercial vehicles. The regulation mandates that vehicle manufacturers must incorporate AEB as a compulsory feature in new vehicles. Additionally, it stipulates the testing of vehicles at a speed of 60 MPH to ensure the effective deployment of AEB systems.

The Advanced Emergency Braking (AEB) system has gained widespread acceptance due to government directives making it obligatory in vehicle models. AEB plays a pivotal role in preventing potential collisions, reducing the impact of collisions, enhancing braking force, and proving effective in both urban and highway settings. In 2016, 20 major automakers voluntarily committed to making advanced emergency braking a standard feature in nearly all their new vehicles by September 1, 2022. By December 2021, more than 12 major automakers in China had equipped almost all their 2021 vehicles with AEB. Numerous manufacturers are planning to fulfill a voluntary commitment to integrate AEB into almost all their vehicles by September 1, 2022. The Insurance Institute for Highway Safety (IIHS) estimates that if all automakers adhere to this agreement, it could prevent 42,000 crashes and 20,000 injuries by the year 2025.

Challenges: Air brake freeze-ups

Freezing of air brakes is a common issue observed in heavy-duty vehicles like trucks and trailers. The prevalent cause of trailer brake freezing is the presence of moisture in the brake lines or brake shoes. These air brake freeze-ups are more prone to occur during winter conditions and demand extensive efforts for resolution. In cases where the vehicle is equipped with Anti-lock Brake Systems (ABS), the impact of moisture on the braking system becomes more significant. The presence of moisture can lead to complications as ABS valves may trap moisture, causing them to freeze and resulting in brake malfunctions. With stability control becoming a standard feature in new trucks across developed regions in Europe and North America, effectively managing moisture in trailer brake lines has become critically important. Consequently, air brake freeze-ups pose a considerable challenge, particularly during the winter season, especially for heavy-duty vehicles.

In March 2021, Bendix Commercial Vehicle Systems, LLC notified the National Highway Traffic Safety Administration (NHTSA) that the company would recall 2,090 Bendix SC-3 check valves, which are part of an air-brake system, mainly due to manufacturing problems.

Market Ecosystem

The ecosystem analysis highlights various players in the automotive brake system market ecosystem, primarily represented by brake system manufacturers, component manufacturers (tier I)/technology providers, OEMs, regulatory authorities, dealers & distributors, service and repair centers, and fleet owners & operators.

Automotive Brake System market Ecosystem

Automotive Brake System Market

Passenger Car brake systems market is estimated to hold the largest market for automotive brake system market

The passenger cars segment will lead the automotive brake system market during the forecast period. This is mainly due to the regional government regulations to comply with UNECE guidelines, increasing the penetration of electronic braking systems such as ABS and ESC in passenger cars. Further, Global and local New Car Assessment Program (NCAP) safety standards have encouraged governments and regional OEMs around the globe to adopt and implement advanced braking systems. It aims to make braking technologies such as anti-lock braking systems (ABS), electronic brakeforce distribution (EBD), and electronic stability control (ESC) mandatory across the world. This will also fuel the demand for advanced brake systems to be included in cars below the Class C segment.

Further, the growing adoption of ADAS functionalities to improve vehicle automation will increase the demand for automatic emergency braking (AEB) worldwide. Asia Pacific is the largest passenger car market, with the main markets being China and India. China is estimated to lead in global passenger car production, with a market share of about 50-53% in Asia Pacific in 2022. Further, medium & premium range sedans and SUVs with all four-wheel disc brakes are gaining popularity in countries like India, Japan, South Korea, and other technologies like ABS, EBD, etc. China, along with other Asian countries, will continue to remain the largest passenger car-producing nation with dynamic customer requirements for improved safety, creating a huge opportunity for automotive brake system manufacturers in the global market.

Battery Electric vehicles to projected to grow at the highest CAGR during the forecast period

The BEVs segment holds the largest market and is expected to witness a higher CAGR than the PHEVs segment during the forecast period. All of these electric vehicles are installed with regenerative braking technology. A regenerative braking system is crucial for higher energy efficiency and extended driving range. Further, the penetration of advanced and connected technologies in EVs is higher, and demand for luxury and premium electric cars is on the rise, supported by advancements in fast charging and high voltage batteries to deliver improved driving range. Luxury brands such as Mercedes-Benz, Tesla, Audi, and other OEMs are fighting to gain significant market share in luxury EV sales. They also plan to add new models to their luxury EV product lineups. With more power, improved performance, and better drivability, regenerative braking systems are undergoing several advancements to deliver the desired results. One such innovation in regenerative braking technology is predictive energy regeneration algorithms, which Tesla introduced. These algorithms anticipate driving conditions and adjust regenerative braking accordingly, optimizing energy recovery. Thus, the government's push to increase the widespread adoption of electric vehicles and growing medium- to high-range electric vehicle ranges installed with advanced technologies with more power would consequently push the demand for regenerative braking systems.

Asia Pacific is expected to lead the market during the forecast period.

The Asia Pacific market is estimated to account for the largest value due to the higher production of light and heavy-duty vehicles. Major countries such as China and India have a higher demand for economy & mid-range cars (including Class A, B, and C), contributing to nearly 50% and 90% in 2022. These cars are usually offered with two front disc brakes and two rear drum brakes. Further, to attract more consumers and showcase focus on enhanced safety, major regional automotive OEMs such as Toyota, Hyundai, Honda, and Suzuki have started offering all disc brakes with ABS in most of their newer Class C model cars. However, these markets are witnessing a growing demand for luxury and high-end cars installed with all 4-disc brakes for better stopping distance. These luxury cars are employed with advanced disc brake systems, thereby driving the market. The penetration of air disc brakes is also growing in heavy commercial vehicles, mainly in Japan and China. Stringency in safety regulations is driving the adoption of advanced safety features such as ABS, ESC, and TCS. For instance, the Indian government has made ABS mandatory for all mini-buses and cars from April 2019. Other countries of the region, like Japan and South Korea, have a high demand for premium vehicles employed with disc brakes in all 4-wheels. Thus, with stringency in safety standards, the market for advanced electronic braking systems is expected to grow in the region. Many European and North American OEMs have expanded their presence in emerging economies and launched new vehicle models. These OEMs are more inclined towards passenger safety and offer all disc brakes in either lower or mid-variant of their vehicle models. All these factors are expected to boost the demand for automotive brake systems in the Asia Pacific region. The Asia Pacific automotive brake system market's growth is also attributed to advancements in brake systems and expansions made by brake system manufacturers to cope with the increasing demand for disc brakes in passenger cars and light commercial vehicles. Companies such as Aisin Seiki Co., Ltd. (Japan), Akebono Brake Corporation (Japan), Mando Corporation (South Korea), and Hitachi Automotive Systems Ltd. (Japan) have a strong presence in the region.

Asia Pacific: Automotive Brake System Market

Automotive Brake System Market Size, and Share

Key Market Players

The automotive brake system market is non-fragmented and dominated by a few global players and several regional players. Some of the key players in the brake system market are 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 have strong distribution networks at a global level and offer an extensive product range. They have adopted new product development strategies, acquisitions, and contracts & partnerships to sustain their market position.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2028

Base year considered

2022

Forecast period

2023–2028

Forecast volume

Thousand Units

Forecast value

USD Million/USD Billion

Segments Covered

By brake type, By Technology, By actuation, By components, By vehicle type, Off-highway by brake type, Off-highway by application, Regenerative Brake System by electric vehicle type, All-Terrain Vehicle brake system by region, and by Region.

Geographies Covered

Asia Pacific, Europe, North America, and the Rest of the World

Companies Covered

Robert Bosch GmbH (Germany), Continental AG (Germany), Brembo S.p.A. (Italy), ZF Friedrichshafen AG (Germany), and Knorr-Bremse AG (Germany).
 A total of 26 companies covered

This study categorizes the automotive brake system market based on brake type, vehicle type, technology, actuation, component, off-highway brake type, off-highway brake system market by application, regenerative brake system by electric vehicle type, all-terrain brake system by region,  and region.

By Brake Type
  • Disc Brake
  • Drum Brake
By Technology
  • Anti-lock braking system (ABS)
  • Electronic Stability Control (ESC)
  • Traction Control System (TSC)
  • Electronic Brakeforce Distribution (EBD)
  • Automatic Emergency Braking (AEB)
By Actuation
  • Hydraulic
  • Pneumatic
By Component
  • Master Cylinders
  • Brake Pads
  • Brake Shoes
  • Brake Calipers
  • Brake Disc Rotors
By Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Trucks
  • Buses
Off-Highway Brake System, By Brake Type
  • Hydrostatic Brake
  • Hydraulic Wet Brake
  • Dynamic Brake
  • Others
Off-Highway Brake System, By Application
  • Construction Equipment
  • Mining Equipment
  • Agricultural Tractors
Regenerative Brake System, By Electric Vehicle Type
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
All-Terrain Vehicle Brake System, By Region
  • Asia Pacific
  • Europe
  • North America
  • Rest of the World.
By Region
  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Recent Developments

  • In October 2023, Brembo S.p.A. launched a future-oriented brake kit called Greenance for light commercial vehicles. This kit will reduce particulate emissions by more than 80% with a life of more than three times compared to existing aftermarket products. The Greenance Kit offers an ideal blend of efficiency and robustness, delivering a notably reduced environmental footprint during braking, resulting in a substantial decrease in particulate emissions: a remarkable 83% reduction in PM10 and an impressive 80% reduction in PM2.5.
  • In May 2023, Continental AG introduced its new conventional electronic brake system, MK 120 Electronic Stability Control. The company started supplying its MK 120 ESC brake system to Chinese car manufacturer Changan.
  • In March 2023, ZF Industrial Technology division introduced its new brake-by-wire system. With safe and efficient brake technology, ZF supports customers in the heavy-duty, off-highway, construction, mining, and agriculture sectors. The latest brake-by-wire system from the company represents a significant advancement, offering vehicle manufacturers the capability to manage deceleration through an electronic signal that adapts brake pressure as required. This eliminates the necessity for hydraulic lines within the vehicle cabin and facilitates a transition towards remote and autonomous operation.
  • In October 2023, Continental AG and DeepDrive formed a technical, strategic partnership to develop core technologies for electric vehicles. Under the partnership, the two companies will collaborate to create an integrated module that includes drive and brake components designed for direct installation on a vehicle's wheel.
  • In February 2023, Knorr-Bremse AG and Team Hahn Racing extended their 20 years of successful partnership. The new contract will enable Knorr-Bremse to continue to support team Hahn Racing through the 2023 racing season. Knorr-Bremse will be responsible for equipping the Iveco S-Way race truck with a range of series products, including a pneumatic braking system, air supply system, brake calipers, and steering system.
  • In April 2021, Haldex AB and FAST Group revealed their collaborative intent to establish a joint venture company dedicated to the manufacturing and sale of ADB (Automatic Drain Brake) systems, alongside providing comprehensive aftersales services for trucks and buses, with a primary emphasis on serving the Chinese market. The primary goal of the newly formed joint venture is to introduce a comprehensive lineup of Haldex ModulT Air Disc Brakes designed for both trucks and buses. This endeavor will capitalize on Haldex's innovative capabilities, intellectual property, and technology while harnessing the strong market presence of the FAST Group in China.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
                    TABLE 1 SEGMENT-WISE INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           FIGURE 1 AUTOMOTIVE BRAKE SYSTEM MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 2 CURRENCY EXCHANGE RATES
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH DESIGN
           FIGURE 3 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
           2.1.2 LIST OF KEY SECONDARY SOURCES TO ESTIMATE VEHICLE PRODUCTION/ SALES AND MARKET SIZING
                    2.1.2.1 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.3.1 Sampling techniques & data collection methods
           2.1.4 PRIMARY PARTICIPANTS
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 6 BOTTOM-UP APPROACH: BY BRAKE TYPE AND VEHICLE TYPE
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 7 TOP-DOWN APPROACH: BY ACTUATION TYPE
    2.3 DRIVER ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 
           FIGURE 8 DRIVER ANALYSIS FOR AUTOMOTIVE BRAKE SYSTEM MARKET
    2.4 FACTOR ANALYSIS 
                    FIGURE 9 FACTORS IMPACTING AUTOMOTIVE BRAKE SYSTEM MARKET
    2.5 RECESSION IMPACT 
    2.6 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 10 DATA TRIANGULATION
    2.7 GLOBAL ASSUMPTIONS 
    2.8 RESEARCH ASSUMPTIONS 
    2.9 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 51)
    3.1 REPORT SUMMARY 
           FIGURE 11 AUTOMOTIVE BRAKE SYSTEM MARKET OUTLOOK
           FIGURE 12 AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023 VS. 2028 (USD MILLION)
 
4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE BRAKE SYSTEM MARKET 
           FIGURE 13 STRINGENCY OF SAFETY STANDARDS AND CAR ASSESSMENT PROGRAMS TO DRIVE ADVANCEMENTS IN THE BRAKE TECHNOLOGY
    4.2 AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE 
           FIGURE 14 DISC BRAKES SEGMENT TO HAVE LARGER MARKET SIZE DURING FORECAST PERIOD
    4.3 AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY 
           FIGURE 15 ABS SEGMENT TO LEAD MARKET, BY VOLUME, IN 2023
    4.4 AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE 
           FIGURE 16 HYDRAULIC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    4.5 AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT 
           FIGURE 17 BRAKE PADS SEGMENT TO HAVE LARGEST MARKET SIZE DURING FORECAST PERIOD
    4.6 AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE 
           FIGURE 18 PASSENGER CARS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.7 REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE 
           FIGURE 19 BATTERY ELECTRIC VEHICLES SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
    4.8 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE 
           FIGURE 20 HYDRAULIC WET BRAKES SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
    4.9 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION 
           FIGURE 21 AGRICULTURAL TRACTORS SEGMENT TO COMMAND FASTEST GROWTH DURING FORECAST PERIOD
    4.10 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION 
           FIGURE 22 NORTH AMERICA TO LEAD MARKET FROM 2023 TO 2028
    4.11 AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION 
                    FIGURE 23 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 24 MARKET DYNAMICS: BRAKE SYSTEM MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increased emphasis on road safety
                               TABLE 3 COUNTRY-WISE ADVANCED BRAKING SYSTEM REGULATIONS
                    5.2.1.2 Stringency of government regulations to reduce stopping distance in light-duty and heavy-duty vehicles
                               TABLE 4 LIST OF COMMERCIAL VEHICLE MODELS EQUIPPED WITH ANTI-LOCK BRAKING SYSTEMS AND ELECTRONIC STABILITY CONTROL BRAKING SYSTEMS
                               FIGURE 25 COMPARISON OF STOPPING DISTANCES AT 65 MPH FOR PASSENGER CARS AND TRUCKS IN US
                               FIGURE 26 TOTAL STOPPING DISTANCES FOR PASSENGER CARS AND TRUCKS
                    5.2.1.3 Growth in demand for off-highway heavy-duty trucks
                               FIGURE 27 ARTICULATED & RIGID DUMP TRUCK MARKET, 2020–2028 (UNITS)
                    5.2.1.4 Increasing adoption of advanced brake systems for enhanced vehicle safety
                               TABLE 5 LIST OF TOP BRAKE SUPPLIERS AND THEIR ADVANCED BRAKING SYSTEM OFFERINGS
                               FIGURE 28 EFFECT OF EBD
                    5.2.1.5 Integration of adaptive cruise control in electronic braking systems for improved vehicle handling
                               TABLE 6 VEHICLES WITH ADAPTIVE CRUISE CONTROL
                               FIGURE 29 ANALYSIS OF ELECTRONIC BRAKING SYSTEMS FOR DIFFERENT VEHICLE CLASSES
                    5.2.1.6 Implementation of New Car Assessment Program (NCAP)
                               TABLE 7 LOCAL NEW CAR ASSESSMENT PROGRAMS (NCAP)
                               TABLE 8 FACTORS AND WEIGHTAGE FOR EURO NCAP RATING
           5.2.2 RESTRAINTS
                    5.2.2.1 High development and maintenance costs of advanced braking technology
                               TABLE 9 ABS CONTROL MODULE REPAIR COSTS (USD)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising adoption of brake-by-wire systems
                               TABLE 10 VEHICLE MODELS WITH BRAKE-BY-WIRE SYSTEMS
                    5.2.3.2 Government regulations to make advanced emergency braking systems mandatory.
                    5.2.3.3 Increasing use of regenerative braking systems in EV ecosystem
           5.2.4 CHALLENGES
                    5.2.4.1 Malfunctioning of electronic braking systems
                    5.2.4.2 Freezing of air brakes at low temperatures
    5.3 REVENUE SHIFT FOR AUTOMOTIVE BRAKE SYSTEM MARKET 
    5.4 MARKET ECOSYSTEM 
           FIGURE 30 AUTOMOTIVE BRAKE SYSTEM MARKET ECOSYSTEM
           5.4.1 BRAKE SYSTEM MANUFACTURERS
           5.4.2 BRAKE SYSTEM COMPONENT SUPPLIERS/TECHNOLOGY PROVIDERS
           5.4.3 AUTOMOTIVE OEMS
           5.4.4 REGULATORY AUTHORITIES
           5.4.5 DEALERS & DISTRIBUTORS
           5.4.6 SERVICE & REPAIR CENTERS
           5.4.7 FLEET OWNERS & OPERATORS
                    TABLE 11 AUTOMOTIVE BRAKE SYSTEM MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.5 SUPPLY CHAIN ANALYSIS 
           FIGURE 31 AUTOMOTIVE BRAKE SYSTEM MARKET: SUPPLY CHAIN ANALYSIS
    5.6 VALUE CHAIN ANALYSIS 
           FIGURE 32 AUTOMOTIVE BRAKE SYSTEM MARKET: VALUE CHAIN ANALYSIS
    5.7 REGULATORY LANDSCAPE 
           5.7.1 US: FEDERAL MOTOR SAFETY STANDARDS FOR BRAKE SYSTEM PARTS
                    TABLE 12 US: FEDERAL MOTOR VEHICLE SAFETY STANDARDS
           5.7.2 VEHICLE SAFETY STANDARDS, BY COUNTRY/REGION
                    TABLE 13 VEHICLE SAFETY STANDARDS, BY COUNTRY/REGION
           5.7.3 ELECTRONIC BRAKE SYSTEM MANDATES, BY COUNTRY/REGION
           5.7.4 VEHICLE SAFETY STANDARDS
                    TABLE 14 NORTH AMERICA: VEHICLE BRAKE SAFETY STANDARDS
           5.7.5 EUROPE: VEHICLE BRAKE SAFETY STANDARDS
           5.7.6 LIST OF REGULATORY AUTHORITIES FOR BRAKE SYSTEMS, BY REGION
    5.8 TRADE ANALYSIS 
           5.8.1 IMPORT DATA
                    5.8.1.1 US
                               TABLE 15 US IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.1.2 Canada
                               TABLE 16 CANADA IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.1.3 China
                               TABLE 17 CHINA IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.1.4 Japan
                               TABLE 18 JAPAN IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.1.5 India
                               TABLE 19 INDIA IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.1.6 Germany
                               TABLE 20 GERMANY IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.1.7 France
                               TABLE 21 FRANCE IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.1.8 Spain
                               TABLE 22 SPAIN IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.1.9 UK
                               TABLE 23 UK IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
           5.8.2 EXPORT DATA
                    5.8.2.1 US
                               TABLE 24 US EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.2.2 Canada
                               TABLE 25 CANADA EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.2.3 China
                               TABLE 26 CHINA EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.2.4 Japan
                               TABLE 27 JAPAN EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.2.5 India
                               TABLE 28 INDIA EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.2.6 Germany
                               TABLE 29 GERMANY EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.2.7 France
                               TABLE 30 FRANCE EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.2.8 Spain
                               TABLE 31 SPAIN EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
                    5.8.2.9 UK
                               TABLE 32 UK EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)
    5.9 PRICING ANALYSIS 
           5.9.1 BY REGION
                    TABLE 33 PRICE TREND, BY REGION, 2020 VS. 2022
           5.9.2 BY BRAKE TYPE
                    TABLE 34 PRICE TREND, BY BRAKE TYPE, 2020 VS. 2022
    5.1 PATENT ANALYSIS 
           TABLE 35 PATENT ANALYSIS
    5.11 CASE STUDY 
           5.11.1 CASE STUDY 1: USE OF HIGH-CONTENT KELVAR MATERIALS TO INCREASE CLUTCH BRAKE PERFORMANCE
           5.11.2 CASE STUDY 2: FAILURE OF ABS TECHNOLOGY
           5.11.3 CASE STUDY 3: KNORR-BREMSE AG FACED SEVERAL CHALLENGES IN DEVELOPING ITS BRAKE SYSTEMS
           5.11.4 CASE STUDY 4: DEVELOPMENT OF AIR BRAKE SYSTEMS FOR COMMERCIAL VEHICLES
    5.12 KEY CONFERENCES AND EVENTS 
                    TABLE 36 AUTOMOTIVE BRAKE SYSTEM MARKET: LIST OF UPCOMING CONFERENCES AND EVENTS, 2023–2024
    5.13 BUYING CRITERIA 
                    FIGURE 33 KEY BUYING CRITERIA FOR DISC BRAKES VS. DRUM BRAKES
                    TABLE 37 KEY BUYING CRITERIA FOR DISC BRAKES VS DRUM BRAKES
    5.14 TECHNOLOGY TRENDS 
           5.14.1 DEVELOPMENT OF BRAKE-BY-WIRE (BBW) SYSTEMS
           5.14.2 DEVELOPMENT OF AUTONOMOUS EMERGENCY BRAKING (AEB) SYSTEMS
           5.14.3 DEVELOPMENT OF ELECTRO-PNEUMATIC BRAKE SYSTEMS FOR COMMERCIAL VEHICLES
    5.15 IMPACT OF AUTONOMOUS ELECTRIC VEHICLES ON BRAKE SYSTEMS 
           5.15.1 AUTONOMOUS VEHICLES (L1, L2, AND L3)
                    5.15.1.1 Vehicle braking requirements for autonomous vehicles
                    5.15.1.2 Level 1 (driver assistance)
                    5.15.1.3 Level 2 (partial autonomous)
                    5.15.1.4 Level 3 (conditional driving automation)
           5.15.2 ADAS FEATURES
                    FIGURE 34 EVOLUTION OF AUTOMATED SAFETY TECHNOLOGIES/BRAKE TECHNOLOGIES
           5.15.3 ELECTRIC VEHICLES
                    FIGURE 35 WORKING OF REGENERATIVE BRAKING SYSTEMS
 
6 AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE (Page No. - 108)
    6.1 INTRODUCTION 
           FIGURE 36 AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023 VS. 2028 (USD MILLION)
           TABLE 38 AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
           TABLE 39 AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
           TABLE 40 AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
           TABLE 41 AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
           6.1.1 INDUSTRY INSIGHTS
    6.2 DISC BRAKES 
           6.2.1 BETTER HEAT DISSIPATION AND SELF-ADJUSTING FRICTION MATERIAL TO DRIVE DEMAND
                    TABLE 42 DISC BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 43 DISC BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                    TABLE 44 DISC BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 45 DISC BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 DRUM BRAKES 
           6.3.1 COST-SENSITIVE NATURE OF EMERGING MARKETS TO DRIVE DEMAND
                    TABLE 46 DRUM BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 47 DRUM BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                    TABLE 48 DRUM BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 49 DRUM BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY (Page No. - 115)
    7.1 INTRODUCTION 
           FIGURE 37 AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2022 VS. 2028 (THOUSAND UNITS)
           TABLE 50 AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2018–2022 (THOUSAND UNITS)
           TABLE 51 AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (THOUSAND UNITS)
           7.1.1 INDUSTRY INSIGHTS
    7.2 ANTI-LOCK BRAKING SYSTEM (ABS) 
           7.2.1 REGULATIONS TO MANDATE ABS TO DRIVE MARKET
                    TABLE 52 ANTI-LOCK BRAKING SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 53 ANTI-LOCK BRAKING SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
    7.3 ELECTRONIC STABILITY CONTROL (ESC) 
           7.3.1 GOVERNMENT MANDATES FOR INSTALLATION OF ESC IN PASSENGER CARS TO DRIVE MARKET
                    TABLE 54 ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 55 ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
    7.4 TRACTION CONTROL SYSTEM (TCS) 
           7.4.1 GROWING FOCUS ON BETTER TRACTION CONTROL TO DRIVE MARKET
                    TABLE 56 TRACTION CONTROL SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 57 TRACTION CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
    7.5 ELECTRONIC BRAKEFORCE DISTRIBUTION (EBD) 
           7.5.1 STRINGENCY IN SAFETY REGULATIONS TO DRIVE MARKET
                    TABLE 58 ELECTRONIC BRAKEFORCE DISTRIBUTION MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 59 ELECTRONIC BRAKEFORCE DISTRIBUTION MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
    7.6 AUTOMATIC EMERGENCY BRAKING (AEB) 
           7.6.1 DEMAND FOR AUTOMOTIVE SAFETY AND REGULATIONS TO INCREASE DEMAND FOR AEB SYSTEMS
                    TABLE 60 AUTOMATIC EMERGENCY BRAKING MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 61 AUTOMATIC EMERGENCY BRAKING MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
 
8 AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE (Page No. - 123)
    8.1 INTRODUCTION 
           FIGURE 38 AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023 VS. 2028 (USD MILLION)
           TABLE 62 AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)
           TABLE 63 AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)
           TABLE 64 AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)
           TABLE 65 AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)
           8.1.1 INDUSTRY INSIGHTS
    8.2 PASSENGER CARS 
           8.2.1 STRINGENCY OF SAFETY STANDARDS TO DRIVE MARKET
                    TABLE 66 PASSENGER CARS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 67 PASSENGER CARS BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                    TABLE 68 PASSENGER CARS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 69 PASSENGER CARS BRAKE SYSTEM MARKET, 2023–2028 (USD MILLION)
    8.3 LIGHT COMMERCIAL VEHICLES 
           8.3.1 GROWING DEMAND FOR ADVANCED BRAKING SYSTEMS TO DRIVE MARKET
                    TABLE 70 LIGHT COMMERCIAL VEHICLES BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 71 LIGHT COMMERCIAL VEHICLES BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                    TABLE 72 LIGHT COMMERCIAL VEHICLES BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 73 LIGHT COMMERCIAL VEHICLES BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 TRUCKS 
           8.4.1 INTRODUCTION OF ELECTRONIC BRAKE SYSTEMS TO DRIVE MARKET
                    TABLE 74 TRUCKS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 75 TRUCKS BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                    TABLE 76 TRUCKS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 77 TRUCKS BRAKE SYSTEM MARKET, 2023–2028 (USD MILLION)
    8.5 BUSES 
           8.5.1 INCREASING ADOPTION OF EFFICIENT BRAKE SYSTEMS TO DRIVE MARKET
                    TABLE 78 BUSES BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 79 BUSES BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                    TABLE 80 BUSES BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 81 BUSES BRAKE SYSTEM MARKET, 2023–2028 (USD MILLION)
 
9 AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE (Page No. - 134)
    9.1 INTRODUCTION 
           FIGURE 39 AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2023 VS. 2028 (USD MILLION)
           TABLE 82 AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2018–2022 (THOUSAND UNITS)
           TABLE 83 AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2023–2028 (THOUSAND UNITS)
           TABLE 84 AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2018–2022 (USD MILLION)
           TABLE 85 AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2023–2028 (USD MILLION)
           9.1.1 INDUSTRY INSIGHTS
    9.2 HYDRAULIC 
           9.2.1 LIGHT CONSTRUCTION AND LOW OVERALL WEIGHT TO DRIVE DEMAND
                    TABLE 86 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 87 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                    TABLE 88 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 89 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 PNEUMATIC 
           9.3.1 SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES TO DRIVE DEMAND
                    TABLE 90 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                    TABLE 91 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                    TABLE 92 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 93 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT (Page No. - 141)
     10.1 INTRODUCTION 
               FIGURE 40 AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION)
               TABLE 94 AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2022 (THOUSAND UNITS)
               TABLE 95 AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2023–2028 (THOUSAND UNITS)
               TABLE 96 AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2022 (USD MILLION)
               TABLE 97 AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
             10.1.1 INDUSTRY INSIGHTS
     10.2 MASTER CYLINDERS 
             10.2.1 INCORPORATION OF ELECTRONIC CONTROL IN BRAKE SYSTEMS TO DRIVE MARKET
                       TABLE 98 MASTER CYLINDERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 99 MASTER CYLINDERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 100 MASTER CYLINDERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 101 MASTER CYLINDERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 BRAKE PADS 
             10.3.1 RISING NUMBER OF PASSENGER VEHICLES WITH DISC BRAKE SYSTEMS TO DRIVE MARKET
                       TABLE 102 BRAKE PADS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 103 BRAKE PADS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 104 BRAKE PADS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 105 BRAKE PADS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.4 BRAKE SHOES 
             10.4.1 INCREASING ADOPTION OF BRAKE SHOES IN ECONOMY CARS AND HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET
                       TABLE 106 BRAKE SHOES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 107 BRAKE SHOES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 108 BRAKE SHOES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 109 BRAKE SHOES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.5 BRAKE CALIPERS 
             10.5.1 DEVELOPMENT OF ELECTRONIC CALIPERS AND INCREASING USE OF LIGHTWEIGHT MATERIALS IN PASSENGER CARS TO DRIVE MARKET
                       TABLE 110 BRAKE CALIPERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 111 BRAKE CALIPERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 112 BRAKE CALIPERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 113 BRAKE CALIPERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.6 BRAKE DISC ROTORS 
             10.6.1 GROWING ADOPTION OF DISC BRAKE TECHNOLOGY IN COMMERCIAL VEHICLES TO DRIVE MARKET
                       TABLE 114 BRAKE DISC ROTORS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 115 BRAKE DISC ROTORS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 116 BRAKE DISC ROTORS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 117 BRAKE DISC ROTORS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION (Page No. - 154)
     11.1 INTRODUCTION 
               FIGURE 41 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
               TABLE 118 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNITS)
               TABLE 119 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2023–2028 (THOUSAND UNITS)
               TABLE 120 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
               TABLE 121 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             11.1.1 INDUSTRY INSIGHTS
     11.2 AGRICULTURAL TRACTORS 
             11.2.1 GROWING DEMAND FOR HIGH-POWERED TRACTORS TO DRIVE MARKET
                       TABLE 122 AGRICULTURAL TRACTORS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 123 AGRICULTURAL TRACTORS BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 124 AGRICULTURAL TRACTORS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 125 AGRICULTURAL TRACTORS BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.3 CONSTRUCTION EQUIPMENT 
             11.3.1 GROWING INFRASTRUCTURE/CONSTRUCTION PROJECTS BY GOVERNMENTS TO DRIVE MARKET
                       TABLE 126 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 127 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 128 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 129 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.4 MINING EQUIPMENT 
             11.4.1 GROWING MINING ACTIVITIES AND ENHANCED FOCUS ON MINING EQUIPMENT SAFETY TO DRIVE MARKET
                       TABLE 130 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 131 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 132 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 133 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
 
12 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE (Page No. - 164)
     12.1 INTRODUCTION 
               FIGURE 42 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023 VS. 2028 (USD MILLION)
               TABLE 134 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
               TABLE 135 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
               TABLE 136 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
               TABLE 137 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             12.1.1 INDUSTRY INSIGHTS
     12.2 HYDROSTATIC BRAKES 
             12.2.1 INCREASING DEPLOYMENT OF MINING EQUIPMENT WITH HYDROSTATIC BRAKING TO DRIVE MARKET
                       TABLE 138 OFF-HIGHWAY HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 139 OFF-HIGHWAY HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 140 OFF-HIGHWAY HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 141 OFF-HIGHWAY HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.3 HYDRAULIC WET BRAKES 
             12.3.1 STRINGENCY IN SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET
                       TABLE 142 OFF-HIGHWAY HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 143 OFF-HIGHWAY HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 144 OFF-HIGHWAY HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 145 OFF-HIGHWAY HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.4 DYNAMIC BRAKES 
             12.4.1 GROWING REGULATIONS ON BRAKE PERFORMANCE AND STOPPING DISTANCES TO DRIVE MARKET
                       TABLE 146 OFF-HIGHWAY DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 147 OFF-HIGHWAY DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 148 OFF-HIGHWAY DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 149 OFF-HIGHWAY DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.5 OTHERS 
               TABLE 150 OFF-HIGHWAY OTHER BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
               TABLE 151 OFF-HIGHWAY OTHER BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
               TABLE 152 OFF-HIGHWAY OTHER BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 153 OFF-HIGHWAY OTHER BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
 
13 REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE (Page No. - 174)
     13.1 INTRODUCTION 
               FIGURE 43 REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2023 VS. 2028 (USD MILLION)
               TABLE 154 REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2022 (THOUSAND UNITS)
               TABLE 155 REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2023–2028 (THOUSAND UNITS)
               TABLE 156 REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2022 (USD MILLION)
               TABLE 157 REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2023–2028 (USD MILLION)
             13.1.1 INDUSTRY INSIGHTS
     13.2 BATTERY ELECTRIC VEHICLES (BEVS) 
             13.2.1 ATTRACTIVE GOVERNMENT INITIATIVES AND STRINGENT EMISSION STANDARDS TO DRIVE MARKET
                       TABLE 158 BATTERY ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 159 BATTERY ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 160 BATTERY ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 161 BATTERY ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
     13.3 PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS) 
             13.3.1 GROWING PHEV SALES DUE TO STRINGENT EMISSION STANDARDS TO DRIVE MARKET
                       TABLE 162 PLUG-IN HYBRID ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
                       TABLE 163 PLUG-IN HYBRID ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
                       TABLE 164 PLUG-IN HYBRID ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 165 PLUG-IN HYBRID ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
 
14 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION (Page No. - 180)
     14.1 INTRODUCTION 
               FIGURE 44 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)
               TABLE 166 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
               TABLE 167 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
               TABLE 168 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 169 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
             14.1.1 INDUSTRY INSIGHTS
 
15 AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION (Page No. - 184)
     15.1 INTRODUCTION 
               FIGURE 45 AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2022 VS. 2028 (USD MILLION)
               TABLE 170 AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)
               TABLE 171 AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)
               TABLE 172 AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 173 AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
             15.1.1 INDUSTRY INSIGHTS
     15.2 ASIA PACIFIC 
             15.2.1 RECESSION IMPACT
                       FIGURE 46 ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET SNAPSHOT
                       TABLE 174 ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)
                       TABLE 175 ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)
                       TABLE 176 ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 177 ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             15.2.2 CHINA
                       15.2.2.1 Growing vehicle production to drive market
                                   TABLE 178 CHINA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 179 CHINA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 180 CHINA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 181 CHINA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)
             15.2.3 INDIA
                       15.2.3.1 Stringency in safety standards to drive market
                                   TABLE 182 INDIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 183 INDIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 184 INDIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 185 INDIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.2.4 JAPAN
                       15.2.4.1 Rising penetration of automatic braking systems to drive market
                                   TABLE 186 JAPAN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 187 JAPAN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 188 JAPAN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 189 JAPAN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.2.5 SOUTH KOREA
                       15.2.5.1 Government mandates for implementation of advanced brake systems to drive market
                                   TABLE 190 SOUTH KOREA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 191 SOUTH KOREA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 192 SOUTH KOREA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 193 SOUTH KOREA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.2.6 REST OF ASIA PACIFIC
                       TABLE 194 REST OF ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                       TABLE 195 REST OF ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                       TABLE 196 REST OF ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                       TABLE 197 REST OF ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
     15.3 EUROPE 
             15.3.1 RECESSION IMPACT
                       FIGURE 47 EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023 VS. 2028
                       TABLE 198 EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)
                       TABLE 199 EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)
                       TABLE 200 EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 201 EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             15.3.2 GERMANY
                       15.3.2.1 Implementation of advanced emergency braking systems as standard fitment to drive market
                                   TABLE 202 GERMANY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 203 GERMANY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 204 GERMANY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 205 GERMANY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.3.3 FRANCE
                       15.3.3.1 Increasing penetration of disc brakes to drive market
                                   TABLE 206 FRANCE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 207 FRANCE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 208 FRANCE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 209 FRANCE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.3.4 SPAIN
                       15.3.4.1 Implementation of AEB in passenger cars to drive market
                                   TABLE 210 SPAIN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 211 SPAIN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 212 SPAIN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 213 SPAIN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.3.5 ITALY
                       15.3.5.1 Regulations mandating AEB to drive market
                                   TABLE 214 ITALY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 215 ITALY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 216 ITALY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 217 ITALY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.3.6 UK
                       15.3.6.1 Increasing adoption of ABS and ESC to drive market
                                   TABLE 218 UK: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 219 UK: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 220 UK: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 221 UK: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.3.7 REST OF EUROPE
                       TABLE 222 REST OF EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                       TABLE 223 REST OF EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                       TABLE 224 REST OF EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                       TABLE 225 REST OF EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
     15.4 NORTH AMERICA 
             15.4.1 RECESSION IMPACT
                       FIGURE 48 NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET SNAPSHOT
                       TABLE 226 NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)
                       TABLE 227 NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)
                       TABLE 228 NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 229 NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             15.4.2 US
                       15.4.2.1 Regulations to reduce stopping distance in commercial vehicles to drive market
                                   TABLE 230 US: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 231 US: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 232 US: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 233 US: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.4.3 CANADA
                       15.4.3.1 Mandatory features like ABS and ESC to drive market
                                   TABLE 234 CANADA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 235 CANADA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 236 CANADA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 237 CANADA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.4.4 MEXICO
                       15.4.4.1 Free trade agreements promoting domestic production of brake system components to drive market
                                   TABLE 238 MEXICO: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 239 MEXICO: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 240 MEXICO: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 241 MEXICO: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
     15.5 REST OF THE WORLD 
             15.5.1 RECESSION IMPACT
                       FIGURE 49 REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023 VS. 2028 (USD MILLION)
                       TABLE 242 REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)
                       TABLE 243 REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)
                       TABLE 244 REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 245 REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             15.5.2 BRAZIL
                       15.5.2.1 Setting up of local plants for brake system components to drive market
                                   TABLE 246 BRAZIL: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 247 BRAZIL: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 248 BRAZIL: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 249 BRAZIL: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.5.3 TURKEY
                       15.5.3.1 Low manufacturing and labor costs to drive market
                                   TABLE 250 TURKEY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 251 TURKEY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 252 TURKEY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 253 TURKEY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.5.4 RUSSIA
                       15.5.4.1 Increasing adoption of disc brakes in LCVs to drive market
                                   TABLE 254 RUSSIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                                   TABLE 255 RUSSIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                                   TABLE 256 RUSSIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 257 RUSSIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
             15.5.5 OTHERS
                       TABLE 258 OTHERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)
                       TABLE 259 OTHERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)
                       TABLE 260 OTHERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)
                       TABLE 261 OTHERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)
 
16 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 224)
     16.1 ASIA PACIFIC: POTENTIAL MARKET FOR AUTOMOTIVE BRAKE SYSTEMS 
     16.2 BRAKE SUPPLIERS SHOULD FOCUS ON DISC BRAKES 
     16.3 GROWING DEMAND FOR HYDRAULIC WET BRAKES IN AGRICULTURAL TRACTORS 
     16.4 CONCLUSION 
 
17 COMPETITIVE LANDSCAPE (Page No. - 226)
     17.1 OVERVIEW 
     17.2 MARKET SHARE ANALYSIS, 2022 
               TABLE 262 AUTOMOTIVE BRAKE SYSTEM MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2022
               FIGURE 50 AUTOMOTIVE BRAKE SYSTEM MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2022
             17.2.1 DISC BRAKE CALIPERS
                       TABLE 263 LIST OF DISC BRAKE CALIPER SUPPLIERS
                       TABLE 264 REGIONAL/COUNTRY WISE LIST OF TOP DISC BRAKE CALIPER SUPPLIERS
             17.2.2 DISC BRAKE PADS
                       TABLE 265 LIST OF DISC BRAKE PAD SUPPLIERS
                       TABLE 266 REGIONAL/COUNTRY WISE LIST OF TOP DISC BRAKE PAD SUPPLIERS
             17.2.3 BRAKE MASTER CYLINDERS
                       TABLE 267 LIST OF BRAKE MASTER CYLINDER SUPPLIERS
                       TABLE 268 REGIONAL/COUNTRY WISE LIST OF TOP MASTER CYLINDER SUPPLIERS
     17.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 
               FIGURE 51 TOP PUBLIC/LISTED PLAYERS DOMINATING AUTOMOTIVE BRAKE SYSTEM MARKET DURING LAST 3 YEARS
     17.4 COMPANY EVALUATION MATRIX: BRAKE SYSTEM MANUFACTURERS 
             17.4.1 STARS
             17.4.2 EMERGING LEADERS
             17.4.3 PERVASIVE PLAYERS
             17.4.4 PARTICIPANTS
                       FIGURE 52 COMPETITIVE EVALUATION MATRIX: AUTOMOTIVE BRAKE SYSTEM MANUFACTURERS, 2022
             17.4.5 COMPANY FOOTPRINT
                       TABLE 269 AUTOMOTIVE BRAKE SYSTEM MARKET: COMPANY PRODUCT FOOTPRINT, 2022
                       TABLE 270 BRAKE SYSTEM MARKET: COMPANY APPLICATION FOOTPRINT, 2022
                       TABLE 271 BRAKE SYSTEM MARKET: COMPANY REGION FOOTPRINT, 2022
     17.5 COMPANY EVALUATION MATRIX: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS 
             17.5.1 STARS
             17.5.2 EMERGING LEADERS
             17.5.3 PERVASIVE PLAYERS
             17.5.4 PARTICIPANTS
             17.5.5 COMPANY FOOTPRINT
                       TABLE 272 OFF-HIGHWAY BRAKE SYSTEM MARKET: COMPANY PRODUCT FOOTPRINT, 2022
                       TABLE 273 OFF-HIGHWAY BRAKE SYSTEM MARKET: COMPANY APPLICATION FOOTPRINT, 2022
                       TABLE 274 OFF-HIGHWAY BRAKE SYSTEM MARKET: COMPANY REGION FOOTPRINT, 2022
                       FIGURE 53 COMPETITIVE EVALUATION MATRIX: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS, 2022
     17.6 COMPETITIVE SCENARIO 
             17.6.1 PRODUCT LAUNCHES
                       TABLE 275 PRODUCT LAUNCHES, 2020–2023
             17.6.2 DEALS
                       TABLE 276 DEALS, 2019–2023
             17.6.3 OTHERS
                       TABLE 277 OTHERS, 2018–2023
     17.7 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018–2022 
               TABLE 278 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSIONS AS KEY GROWTH STRATEGIES, 2018–2022
 
18 COMPANY PROFILES (Page No. - 252)
(Business overview, Products offered, Recent developments & MnM View)*
     18.1 KEY PLAYERS 
             18.1.1 CONTINENTAL AG
                       TABLE 279 CONTINENTAL AG: COMPANY OVERVIEW
                       FIGURE 54 CONTINENTAL AG: COMPANY SNAPSHOT
                       TABLE 280 CONTINENTAL AG: PRODUCTS OFFERED
                       TABLE 281 CONTINENTAL AG: PRODUCT LAUNCHES
                       TABLE 282 CONTINENTAL AG: DEALS
                       TABLE 283 CONTINENTAL AG: EXPANSIONS
             18.1.2 ROBERT BOSCH GMBH
                       TABLE 284 ROBERT BOSCH GMBH: COMPANY OVERVIEW
                       FIGURE 55 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                       TABLE 285 ROBERT BOSCH GMBH: PRODUCTS OFFERED
                       TABLE 286 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
                       TABLE 287 ROBERT BOSCH GMBH: DEALS
                       TABLE 288 ROBERT BOSCH GMBH: EXPANSIONS
             18.1.3 ZF FRIEDRICHSHAFEN AG
                       TABLE 289 ZF FRIEDRICHSHAFEN AG: COMPANY OVERVIEW
                       FIGURE 56 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
                       TABLE 290 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED
                       TABLE 291 ZF FRIEDRICHSHAFEN AG: PRODUCT LAUNCHES
                       TABLE 292 ZF FRIEDRICHSHAFEN AG: DEALS
                       TABLE 293 ZF FRIEDRICHSHAFEN AG: EXPANSIONS
                       18.1.4 AKEBONO BRAKE INDUSTRY CO., LTD.
                                   TABLE 294 AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY OVERVIEW
                                   FIGURE 57 AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY SNAPSHOT
                                   TABLE 295 AKEBONO BRAKE INDUSTRY CO., LTD.: PRODUCT OFFERED
                                   TABLE 296 AKEBONO BRAKE INDUSTRY CO., LTD.: PRODUCT LAUNCHES
             18.1.5 BREMBO S.P.A.
                       TABLE 297 BREMBO S.P.A.: COMPANY OVERVIEW
                       FIGURE 58 BREMBO S.P.A.: COMPANY SNAPSHOT
                       TABLE 298 BREMBO S.P.A.: PRODUCTS OFFERED
                       TABLE 299 BREMBO S.P.A.: PRODUCT LAUNCHES
                       TABLE 300 BREMBO S.P.A.: DEALS
                       TABLE 301 BREMBO S.P.A.: EXPANSIONS
             18.1.6 AISIN SEIKI CO., LTD.
                       TABLE 302 AISIN SEIKI CO., LTD.: COMPANY OVERVIEW
                       FIGURE 59 AISIN SEIKI CO., LTD.: COMPANY SNAPSHOT
                       TABLE 303 AISIN SEIKI CO., LTD.: PRODUCTS OFFERED
                       TABLE 304 AISIN SEIKI CO., LTD.: PRODUCT LAUNCHES
                       TABLE 305 AISIN SEIKI CO., LTD.: DEALS
             18.1.7 HITACHI ASTEMO LTD.
                       TABLE 306 HITACHI ASTEMO LTD.: COMPANY OVERVIEW
                       FIGURE 60 HITACHI ASTEMO LTD.: COMPANY SNAPSHOT
                       TABLE 307 HITACHI ASTEMO LTD.: PRODUCTS OFFERED
                       TABLE 308 HITACHI ASTEMO LTD.: DEALS
             18.1.8 KNORR-BREMSE AG
                       TABLE 309 KNORR-BREMSE AG: COMPANY OVERVIEW
                       FIGURE 61 KNORR-BREMSE AG: COMPANY SNAPSHOT
                       TABLE 310 KNORR-BREMSE AG: PRODUCTS OFFERED
                       TABLE 311 KNORR-BREMSE AG: PRODUCT LAUNCHES
                       TABLE 312 KNORR-BREMSE AG: DEALS
                       TABLE 313 KNORR-BREMSE AG: EXPANSIONS
             18.1.9 HALDEX AB
                       TABLE 314 HALDEX AB: COMPANY OVERVIEW
                       FIGURE 62 HALDEX AB: COMPANY SNAPSHOT
                       TABLE 315 HALDEX AB: PRODUCTS OFFERED
                       TABLE 316 HALDEX AB: PRODUCT LAUNCHES
                       TABLE 317 HALDEX AB: DEALS
             18.1.10 DENSO CORPORATION
                                   TABLE 318 DENSO CORPORATION: COMPANY OVERVIEW
                                   FIGURE 63 DENSO CORPORATION: COMPANY SNAPSHOT
                                   TABLE 319 DENSO CORPORATION: PRODUCTS OFFERED
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     18.2 OTHER PLAYERS 
             18.2.1 MANDO CORPORATION
                       TABLE 320 MANDO CORPORATION: COMPANY OVERVIEW
             18.2.2 HYUNDAI MOBIS CO., LTD.
                       TABLE 321 HYUNDAI MOBIS CO., LTD.: COMPANY OVERVIEW
             18.2.3 WUHAN YOUFIN AUTO PARTS CO., LTD.
                       TABLE 322 WUHAN YOUFIN AUTO PARTS CO., LTD.: COMPANY OVERVIEW
             18.2.4 BETHEL AUTOMOTIVE SAFETY SYSTEM CO., LTD. (WBTL)
                       TABLE 323 BETHEL AUTOMOTIVE SAFETY SYSTEM CO., LTD. (WBTL): COMPANY OVERVIEW
             18.2.5 BERINGER
                       TABLE 324 BERINGER: COMPANY OVERVIEW
             18.2.6 EBC BRAKES
                       TABLE 325 EBC BRAKES: COMPANY OVERVIEW
             18.2.7 NIFO SRL
                       TABLE 326 NIFO SRL: COMPANY OVERVIEW
             18.2.8 BWI GROUP
                       TABLE 327 BWI GROUP: COMPANY OVERVIEW
             18.2.9 MERITOR, INC.
                       TABLE 328 MERITOR, INC.: COMPANY OVERVIEW
             18.2.10 BRAKE PARTS INC. LLC
                                   TABLE 329 BRAKE PARTS INC. LLC: COMPANY OVERVIEW
             18.2.11 BLUDOT MANUFACTURING
                                   TABLE 330 BLUDOT MANUFACTURING: COMPANY OVERVIEW
             18.2.12 SILVERBACKHD
                                   TABLE 331 SILVERBACKHD: COMPANY OVERVIEW
             18.2.13 METELLI S.P.A.
                                   TABLE 332 METELLI S.P.A.: COMPANY OVERVIEW
             18.2.14 ADVICS CO., LTD.
                                   TABLE 333 ADVICS CO., LTD.: COMPANY OVERVIEW
             18.2.15 KNOTT BRAKES
                                   TABLE 334 KNOTT BRAKES: COMPANY OVERVIEW
             18.2.16 CARLISLE BRAKE & FRICTION
                                   TABLE 335 CARLISLE BRAKE & FRICTION: COMPANY OVERVIEW
 
19 APPENDIX (Page No. - 316)
     19.1 INSIGHTS FROM INDUSTRY EXPERTS 
     19.2 DISCUSSION GUIDE 
               TABLE 336 OTHER DEVELOPMENTS: PRODUCT LAUNCHES, 2018–2021
               TABLE 337 OTHER DEVELOPMENTS: DEALS, 2018–2021
     19.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     19.4 CUSTOMIZATION OPTIONS 
             19.4.1 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY BRAKE TYPE
                       19.4.1.1 Disc Brakes
                       19.4.1.2 Drum Brakes
             19.4.2 AUTOMOTIVE HYDRAULIC DISC BRAKE SYSTEM MARKET, BY REGION
                       19.4.2.1 Asia Pacific
                       19.4.2.2 Europe
                       19.4.2.3 North America
                       19.4.2.4 Rest of the World
             19.4.3 HYDRAULIC DRUM BRAKE SYSTEM MARKET, BY REGION
                       19.4.3.1 Asia Pacific
                       19.4.3.2 Europe
                       19.4.3.3 North America
                       19.4.3.4 Rest of the World
             19.4.4 PNEUMATIC DRUM BRAKE SYSTEM MARKET, BY REGION
                       19.4.4.1 Asia Pacific
                       19.4.4.2 Europe
                       19.4.4.3 North America
                       19.4.4.4 Rest of the World
             19.4.5 PNEUMATIC DISC BRAKE SYSTEM MARKET, BY REGION
                       19.4.5.1 Asia Pacific
                       19.4.5.2 Europe
                       19.4.5.3 North America
                       19.4.5.4 Rest of the World
     19.5 RELATED REPORTS 
     19.6 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the automotive brake system market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings and assumptions and size them with industry experts across value chains through primary research. The bottom-up and top-down approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation processes were used to estimate the market size of 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 automotive 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 brakes by vehicle type, historic sales of new vehicles, and vehicle parc. Secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

In the primary research process, various primary sources from both the 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 automotive brake system industry. Data triangulation was then done with the information gathered from secondary research. Stakeholders from the demand and supply side have been interviewed to understand their views on the points mentioned above.

Primary interviews have been conducted with market experts from the demand and supply side across four major regions: North America, Europe, Asia Pacific, and the Rest of the World. Primary data has been collected through questionnaires, emails, and telephonic interviews. In canvassing 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 and the in-house subject matter experts’ opinions have led us to the findings described in the remainder of this report.

Automotive Brake System Market Size, and Share

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 automotive brake system market and other dependent submarkets, as mentioned below:

 

  • Key players in the automotive brake system market were identified through secondary research, and their global market shares were determined through primary and secondary research.
  • The research methodology included studying annual and quarterly financial reports, regulatory filings of major market players (public), and interviews with industry experts for detailed market insights.
  • All industry-level penetration rates, percentage shares, splits, and breakdowns for the automotive 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 considered while calculating and forecasting the market size.

Automotive Brake System Market (On- & Off-Highway): Bottom-Up Approach

Automotive Brake System Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Automotive Brake System Market: Top-Down Approach

Automotive Brake System Market Size, and Share

Data Triangulation

The market was split into several segments and sub-segments after arriving at the overall market size—using the market size estimation processes as explained above. Where applicable, data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment. The data was triangulated by studying various factors and trends.

 

Market Definition:

According to Warner Brake, a typical brake system consists of an ABS control module, disc brakes, drum brakes, brake pedal, emergency brake, wheel speed sensors, brake booster, and master cylinder. Disc brakes are usually found on the front wheels and feature brake pads that press against a disc (rotor) when the brake pedal is applied to stop the vehicle. The pads are attached to a brake caliper assembly that frames the rotor. Located on the vehicle's rear, drum brakes feature wheel cylinders, brake shoes, and a brake drum. When the brake pedal is pressed, the brake shoes are forced into the brake drum by the wheel cylinders, bringing the vehicle to a stop.

According to WABCO, anti-lock braking systems (ABS) are active safety systems that assist drivers in situations where road friction, curvature, and vehicle speed result in unfavorable wheel slips. The system automatically intervenes to help keep the vehicle stable and controllable across various maneuvers.

Key Stakeholders:

  • Sales Head
  • Marketing Head
  • Design Manager
  • R&D Head

Report Objectives

  • To define, segment, analyze, and forecast (2023–2028) the automotive brake system market size in terms of volume (units) and value (USD million) based on:
    • By Brake Type (Disc Brake and Drum Brake)
    • By Brake Technology [(antilock braking system (ABS), traction control system (TCS), electronic stability control (ESC), electronic brakeforce distribution (EBD), and automatic emergency braking (AEB)]
    • By Actuation (Pneumatic and Hydraulic)
    • By Component Type (Master Cylinders, Brake Pads, Brake Shoes, Brake Calipers, and Brake Disc Rotors)
    • By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Trucks, and Buses)
    • Off-Highway By Application (Construction Equipment, Mining Equipment, and Agricultural Tractors)
    • Off-Highway By Brake Type (Hydrostatic Brakes, Hydraulic Wet Brakes, Dynamic Brakes, and Others)
    • Regenerative Brake System By Electric Vehicle Type (Battery Electric Vehicle (BEV), and Plug-in Hybrid Electric Vehicle (PHEV))
    • All-terrain vehicle brake system market By Region (Asia Pacific, Europe, North America, and Rest of the World)
    • By Region (North America, Europe, Asia Pacific, and the Rest of the World (RoW))
  • To analyze the recession's impact on the automotive brake system market
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the market
  • To study the following concerning the market
    • Supply Chain Analysis
    • Market Ecosystem
    • Technology Analysis
    • Trade Analysis
    • Case Study Analysis
    • Patent Analysis
    • Buying Criteria
    • Regulatory Landscape
  • Impact of autonomous/electric vehicles on automotive brake system
  • To estimate the following with respect to the market
    • Average Price Analysis
    • Market Share Analysis
  • To analyze the competitive landscape and prepare a competitive evaluation quadrant for the global automotive brake system market players.
  • To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key market industry participants.

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.

The following customization options are available for the report:

All-Terrain Vehicle Brake System Market, By Brake Type

  • Disc Brakes
  • Drum Brakes

Note: The automotive brake system market for all-terrain vehicles, by brake type, will be further offered at the regional level for regions:

Asia Pacific, Europe, North America, and Rest of the World.

Automotive Hydraulic Disc Brake System Market, By Region

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Hydraulic Drum Brake System Market, By Region

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Pneumatic Drum Brake System Market, By Region

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Pneumatic Disc Brake System Market, By Region

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World
Custom Market Research Services

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