Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD), On & Off-Highway Vehicle (Passenger Car, LCV, HCV, Construction-Mining, Tractor), OHV Brake (Hydraulic Wet, Hydrostatic, Dynamic), Actuation and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The brake system market is projected to reach USD 26.5 billion by 2026 from an estimated USD 20.9 billion in 2021, at a CAGR of 4.9% during the forecast period, 2021-2028.
Rollout of stringent safety regulations, adoption of high-end and luxury cars, and growing adoption of air disc brakes in commercial vehicles are some of the factors that have supported long-term expansion for Brake System Market.
Brake System Market is segmented into type, technology, vehicle type, actuation type, application, brake type and geography.
Type segment is segmented into disc brake and brake.
Technology segment is segmented into anti-lock brake system (ABS), electronics stability control (ESC), traction control system (TCS), and electronic brake force distribution (EBD).
Vehicle type segment is segmented into passenger car, light commercial vehicle (LCVs), truck and bus.
Actuation segment is segmented into hydraulic brake and pneumatic brake.
Application segment is segmented into agricultural tractor, construction equipment and mining equipment.
Brake type segment is segmented into hydraulic wet brake and dynamic brake.
Geographically, Brake System Market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Key players in Brake System Market are Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Aisin Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), and Brembo S.p,A (Italy), Hitachi Astemo Ltd. (Japan), Mando Corporation (South Korea), Haldex AB (Sweden).
Report Feature |
Descriptions |
---|---|
Market Revenue In 2021 |
USD 20.9 billion |
Growth Rate |
CAGR of 4.9% during the forecasting period, 2021-2028 |
Historical Data |
2018-2019 |
Forecast Years |
2021-2028 |
Base Year |
2020 |
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
Report Segmentation |
type, technology, vehicle type, actuation type, application, brake type and geography |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Aisin Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), and Brembo S.p,A (Italy), Hitachi Astemo Ltd. (Japan), Mando Corporation (South Korea), Haldex AB (Sweden). |
Available Customization |
In addition to the market data for Brake System Market, Delvens. offers client-centric report and customized according to the company’s specific demand and requirement. |