Automotive Braking System Market By Type (Disc Brake, Drum Brake), By Mode Of Operation (Hydraulic Braking System, Pneumatic Braking System), By Technology (Antilock Braking System (ABS), Electronic Stability Control (ESC), Regenerative Braking), By Vehicle Class (Two Wheeler, Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

Modern day automobile are designed to exhibit high performance features such as exceptional speed and improved overall efficiency. However, with the enhancement of performance parameters, it becomes essential to incorporate the related safety system in automobile vehicles. Automotive braking system is one of the most such crucial and integral components of any automobile vehicle. In order to regulate the vehicle speed and reduce vehicle stopping distance, advanced braking systems are required. Each braking system is designed and preferred based on their application and working conditions. In order to suffice the safety challenges automotive braking systems are now manufactured incorporating electronics and additional features for efficient, economical and durable braking system.

The overall automotive braking system market is strongly driven by the ever-increasing demand for on road vehicles. Post-recession, the automotive industry worldwide has exhibited positive signs of recovery in recent years. Consumption of luxury and semi-luxury high performance vehicles has risen significantly over the period of time. Subsequently, need for efficient braking system for vehicles including passenger cars, light commercial vehicle, heavy commercial vehicles as well as two wheelers are perpetually increasing. This would continue to spur the automotive braking system market considerably in the coming years.

Automotive braking systems are segmented according to their type, working medium, technology and vehicles types. According to type, braking systems are classified as disk brake system and drum brake system. On the basis of vehicle class, the market is classified into passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV) and two wheelers. Automotive brake systems are segmented, based on the mode of operation, as hydraulic brake system and pneumatic (air) brake systems.On the basis of geographic regions, the automotive braking system is segmented into – North America, Europe, Asia Pacific, Middle East & Africa (MEA), Latin America. At present, Asia Pacific leads the automotive braking system market. The market here is majorly governed by countries such as China, Japan, South Korea and India, Having huge automotive industry.

Automotive Braking System Market

The report titled “Automotive Braking System Market- Growth, Future Prospects and Competitive Landscape, 2016 - 2024 offers strategic insights into the global automotive braking system market with focus on the market size and estimates for the duration 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on product types, working medium, technology, end-use and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 & 2024. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading automotive braking system manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include Continental AG, Robert Bosch GmbH, ZF TRW, HallaMando Corp., RW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo S.P.A., CA Traffic Limited, Knorr Bremse AG, Advics Group, Haldex, and others. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the automotive braking system.
  • Market fullers, market impediments, and their impact on the market growth
    In-depth competitive environment analysis
  • Trailing 2-Year market size data (2014 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global automotive braking system, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above mentioned factors.

The global automotive braking system market is segmented, based on its working technique, into following categories:

  • Hydraulic Braking System
  • Pneumatic Braking System

Automotive Braking System Market

Hydraulic and pneumatic braking systems have completely taken over the conventional mechanical braking system across all the vehicle class. Hydraulic braking system is by far the most widely adopted braking system in automobile industry. Hydraulic braking system offer several merits such as quick response, compact construction and efficient braking. Vehicle stopping distance of hydraulic braking system is significantly less compared to other braking methods. Subsequently, hydraulic braking system is suitable for almost all of the vehicle classes including passenger cars, light commercial vehicles and two wheelers. With the consistent growth expected across the automotive industry, hydraulic brake system is projected to retain its dominant position in the market throughout the forecast period.

Pneumatic braking system segment follow hydraulic braking segment, in terms of revenue, as of 2015. Pneumatic braking systems are heavy in construction and can transfer braking force over longer distance than hydraulic braking system. Owing to these attributes, pneumatic braking system is particularly used in heavy commercial vehicles. In addition, the overall running cost of pneumatic braking system is also limited as it uses air as its working medium. Consistent rising demand for commercial vehicles worldwide would lead to steady demand for pneumatic braking system.

The global automotive braking system market is segmented, based on the technology, into following categories:

  • Antilock Braking System (ABS)
  • Electronic Stability Control System
  • Regenerative Braking System

Automotive Braking System Market

Introduction of electronic systems has increased the efficiency of modern day automotive braking systems. One of the most predominantly used electronic features in automotive braking system is antilock braking system (ABS). Antilock braking system aids in preventing vehicle skidding on sudden application of brakes, thereby reducing the risk of any severe accidents. ABS has been made mandatory in various in countries including the U.S., the U.K. and other European countries. This has led to strong across the ABS segment, over the period of time.

Electronic stability control system (ESC) is expected to emerge as the fastest growing segment in the overall automotive system market. ESC offers various improved features than ABS including better traction control and prevention of mishaps due to over-steering. Similar to ABS, ESC is mandatory in vehicles across countries such as the U.S., Canada, the U.K., and other countries under European Union.

Further, regenerative braking is another promising technology being adopted in nascent times. With ability to generate electricity through braking force, regenerative braking is applied in electric and hybrid vehicles. With the rising in trend of electric and hybrid vehicles, overall regenerative braking system market is expected to grow at a continuous rate during the forecast period.

The global automotive braking system market has been segmented, on the basis of geographical regions, as per following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Rest of Asia Pacific
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Automotive Braking System Market

Asia Pacific dominated the overall automotive braking market, as of 2015. Owing to robust economic growth and escalating lifestyles, countries from Asia Pacific are showing significant rise in consumption of on-road vehicles in nascent time. Many countries including China, Japan, South Korea and others are the prime manufacturing hub for a variety of industries including automobile manufacturing. In order to aid the automobile manufacturing, automotive braking systems are consumed on a large scale in these regions. This has led the automotive braking system market here to grow perpetually, over the period of time. Consequently, automotive braking system market is expected to continue witnessing significant growth in the future.

Europe succeeds Asia Pacific, in terms of revenue, of the global automotive braking system market. European automobile manufacturers are among the earliest adopters of technologies such as antilock braking system and electronic stability control in their vehicles. It is mandatory to have antilock braking system and electronic stability control system in all new passenger cars in the countries of European Union as per the law enforced by the authorities. Government regulations and steady automobile demand has increased the consumption of automotive braking system. Consequently, Europe is expected to display a steady growth for automotive braking system. North America is expected to show a moderate growth in the overall automotive braking system market.

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Published Date:  Jan 2017
Category:  Automotive & Transportation
Report ID:   58328
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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