This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Read More

Automotive Brake System & Components Market

Automotive Brake System & Components Market By Sales Channel Type (OEM, Aftermarket, Disc Brake), Vehicle (Passenger Car, LCV, HCV) & Region - Forecast to 2017 - 2027

Automotive Brake System & Components Market By Sales Channel Type (OEM, Aftermarket, Disc Brake), Vehicle (Passenger Car, LCV, HCV) & Region - Forecast to 2017 - 2027

Automotive Brake System & Components Market - Analysis, Outlook, Growth, Trends, Forecasts

Passenger Car segment is expected to witness steady growth during the forecast period

[299 Pages Report]The automotive brake system and components is set to grow at CAGR 4.1% through 2027.

Passenger car segment of application segment has the biggest demand of automotive brake system and set to grow at CAGR of 4.4%. Its estimated to reach at US$ 68 Bn by 2027.

The passenger car segment is projected to increase at Y-o-Y growth rates ranging from 3.7% to 4.7% during the forecast period. This segment is expected to exhibit a CAGR of 4.4% over the forecast period. The passenger car segment was valued at more than US$ 40 Bn in 2016 and is expected to represent incremental $ opportunity of more than US$ 25 Bn between 2016 and 2027. This segment is slated to be valued at around US$ 68 Bn by 2027.

Growing demand for luxury and high performance cars expected to boost revenue growth of the passenger car segment

The automotive brake system & components market is contributing to the growth in sales of luxury and high-end cars, both in the OEM & aftermarket channels. High speed and raw power define high performance of these cars, which is why these cars require a robust safety system. The most crucial element of their safety system is the braking system.

With growing sales of SUVs, luxury and sports models, customers not only look for performance but want their vehicles to be equipped with advanced technologies so as to ensure the safety of occupants while driving. This increasing demand for safety systems in luxury cars is driving the growth of the passenger car segment in the global automotive brake system & components market.

Governments across geographies have made numerous efforts to divert the attention of vehicle owners towards vehicle safety, either through imposing regulations or through publicity and promotion. Such activities across the globe are expected to turn customer focus towards equipping vehicles with robust safety systems and updating them during the operational life of the vehicle. This in turn will not only boost the sales of brake systems and related components but also drive the passenger car segment growth.

The significant use of passenger cars is also boosting the global automotive brake system & components market. With consumers’ interest in passenger cars equipped with novel safety technologies, government schemes and regulations boosting deployment of advanced technologies in commercial vehicles and the integration of electronics is expected to significantly drive market growth over the forecast period.

Market value share of the passenger car segment is expected to grow further during the forecast period in North America

The passenger car segment in the North America automotive brake system & components market was valued at US$ 5,566 Mn in 2016 and is anticipated to increase at a CAGR of 5% during the forecast period to be valued in excess of US$ 9000 Mn by 2027. This gain can be attributed to changing preferences of customers in this region. The passenger car segment in the Latin America automotive brake system & components market is expected to hold close to 60% value share by 2027.

In the APEJ automotive brake system & components market, the passenger car segment is estimated to account for a market value share of more than 80% in 2017. The passenger car segment is expected to gain 280 BPS by 2027 as compared to 2017, making it a highly attractive segment by vehicle type in the APEJ automotive brake system & components market.

Sign Up with MarketNgage

World's Most Profilic Intelligence Engine

Get Access To The World's Largest Market Research Database.

Sign Up Now

Market Segmentation

By Sales Channel

  • OEM
    • Drum Brake
    • Disc Brake
  • Aftermarket
    • Brake Booster
    • Master Cylinder
    • Drum Brake
      • Drum
      • Brake Shoe
      • Wheel Cylinder
  • Disc Brake
    • Rotor
    • Caliper
    • Brake Pad

By Vehicle Type

  • Passenger Car
  • LCV
  • HCV

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APEJ
  • Japan
  • MEA

Key Questions Answered in the Report

What is the CAGR with which automotive brake system market is growing?

The automotive brake system market is set to grow at 4.1% CAGR through 2027.
The major companies in automotive brake system are Continental AG, ZF Friedrichshaf en AG, Delphi Automotive PLC, Valeo S.A, Federal Mogul Holdings Corporation and Robert Bosch GmbH.

Need specific information?

Our Clients

Automotive

View All Reports from Automotive

View Reports

Recommendations

Automotive

Two Wheeler Lead Acid Batteries Market

Published : 2020-03-17

Automotive

Automotive Variable Oil Pump Market

Published : 2020-03-19

Automotive

Lightweight Compact Wheel Loader Market

Published : 2020-04-21

Automotive

Automotive Coolant Aftermarket

Published : 2020-06-13