Automotive Braking System Market Outlook: Size, Share, Trends & Growth Analysis (2024-2029) 

The market report offers a detailed analysis segmented by Vehicle Type (Hatchback/Sedan, SUVs, LCV, HCV); by System Type (Electromagnetic Braking System, Mechanical Braking System, Hydraulic Braking System); by Technology (Anti-locking Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TSC), Electronic Brakeforce Distribution (EBD)); by Component (Disc Brakes, ABS Control Module, Drum Brakes, Emergency Brakes, Master Cylinders, Others); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

• The automotive braking system market is estimated to be at USD 33,791.21 Mn in 2024 and is anticipated to reach USD 42,272.47 Mn in 2029. 

• The automotive braking system market is registering a CAGR of 4.58% during the forecast period of 2024-2029. 

• The automotive braking system market is experiencing robust growth driven by advancements in safety technologies and increasing vehicle production globally. The rise of electric and autonomous vehicles is further pushing innovation in braking systems, with a focus on integrating advanced features like regenerative and autonomous braking. 

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Ecosystem 

• The participants in the global automotive braking system industry are always developing their strategies to preserve a competitive advantage.  

• Companies like Bosch and Continental dominate the market with advanced braking technologies and extensive R&D capabilities. For example, Bosch’s iBooster system, which enhances braking efficiency in EVs, has solidified its position as a market leader. 

• Several important entities in the automotive braking system market include Continental AG; Robert Bosch GmbH; ZF Friedrichshafen AG; Brembo S.p.A; Aisin Group; and others. 

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Findings 

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 33,791.21 Mn
Market Size (2029)	USD 42,272.47 Mn
Growth Rate	4.58% CAGR from 2024 to 2029
Key Segments	Vehicle Type (Hatchback/ Sedan, SUVs, LCV, HCV); System Type (Electromagnetic Braking System, Mechanical Braking System, Hydraulic Braking System); Technology (Anti-locking Braking System (ABS), Electronic Stability Control (ESC), Traction Control System (TSC), Electronic Brakeforce Distribution (EBD)); Component (Disc Brakes, ABS Control Module, Drum Brakes, Emergency Brakes, Master Cylinders, Others); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Continental AG; Robert Bosch GmbH; ZF Friedrichshafen AG; Brembo S.p.A; Aisin Group
Key Countries	The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	Asia Pacific

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Trends 

• Integration of Advanced Driver Assistance Systems (ADAS): The latest trend is the incorporation of ADAS in braking systems, with features like automatic emergency braking (AEB) becoming standard. This trend is directed by increasing demand for safety and is supported by regulatory mandates in regions like Europe and North America. 

• Development of Autonomous Braking Systems: There’s a growing trend towards fully autonomous braking systems, designed to operate independently of driver input. For instance, Tesla’s Full Self-Driving (FSD) technology includes autonomous braking that detects obstacles and applies brakes without driver intervention. 

• Adoption of Lightweight Materials: Manufacturers are increasingly using lightweight materials like aluminum and composites in braking systems to reduce overall vehicle weight. This trend aligns with the broader push for fuel efficiency and emission reduction across the automotive industry. 

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Catalysts 

• Stringent Safety Regulations: Governments worldwide are implementing stringent safety standards that mandate advanced braking systems in all new vehicles. For example, the European Union’s mandate for AEB in all new cars by 2022 has driven significant market growth. 

• Rising Vehicle Production: The global increase in vehicle production, particularly in emerging markets like China and India, is a major driver for the automotive braking system market. As vehicle ownership rates climb, so does the demand for reliable and advanced braking systems. 

• Consumer Demand for Safety Features: With growing awareness about vehicle safety, consumers are increasingly willing to pay a premium for cars equipped with advanced braking systems. This consumer preference has been a strong revenue driver for manufacturers offering such features. 

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Restraints 

• High Development and Integration Costs: Developing and integrating advanced braking systems, especially those tied to ADAS and EVs, involves significant costs. These expenses can be a barrier for smaller manufacturers and affect profit margins for larger companies. 

• Complex Supply Chain Issues: The automotive supply chain is highly complex and global, making it vulnerable to disruptions. Recent events, like semiconductor shortages, have highlighted how such challenges can delay the production and availability of braking systems. 

• Maintenance and Repair Complexity: Advanced braking systems are more complex and costly to maintain and repair. This complexity can deter consumers from opting for higher-end systems, particularly in markets where cost sensitivity is high. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Automotive Braking System Market (2018 – 2022)         2.2.    Global Automotive Braking System Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Automotive Braking System Market by Vehicle Type                3.1.1.    Hatchback/ Sedan                3.1.2.    SUVs                3.1.3.    LCV                3.1.4.    HCV         3.2.    Global Automotive Braking System Market by System Type                3.2.1.    Electromagnetic Braking System                3.2.2.    Mechanical Braking System                3.2.3.    Hydraulic Braking System         3.3.    Global Automotive Braking System Market by Technology                3.3.1.    Anti-locking Braking System (ABS)                3.3.2.    Electronic Stability Control (ESC)                3.3.3.    Traction Control System (TSC)                3.3.4.    Electronic Brakeforce Distribution (EBD)         3.4.    Global Automotive Braking System Market by Component                3.4.1.    Disc Brakes                3.4.2.    ABS Control Module                3.4.3.    Drum Brakes                3.4.4.    Emergency Brakes                3.4.5.    Master Cylinders                3.4.6.    Others  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Chile                4.2.5.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Automotive Braking System Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Continental AG         9.2.     Robert Bosch GmbH         9.3.    ZF Friedrichshafen AG         9.4.    Brembo S.p. A         9.5.    Aisin Group         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Automotive Braking System Market – FAQs 

1.  What is the current size of the automotive braking system market? 

Ans. In 2024, the automotive braking system market size is $33,791.21 Mn. 

2.  Who are the major vendors in the automotive braking system market?  

Ans. The major vendors in the automotive braking system market are Continental AG; Robert Bosch GmbH; ZF Friedrichshafen AG; Brembo S.p.A; Aisin Group. 

3.  Which segments are covered under the automotive braking system market segments analysis?  

Ans. The automotive braking system market report offers in-depth insights into Vehicle Type, System Type, Technology, Component, and Geography.