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Global Brake System Market: By Product Type: Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet Brake, Regenerative and Dynamic Brake; By End Use; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Brake System Market Outlook

The global brake system market is expected to grow at a CAGR of 7% in the forecast period of 2021-2026 to reach a value of USD 57.19 billion by 2026.

 

Rising Demand for Disk Brakes, Owing to its Superior Stopping Power to Bolster the Market Growth

Based on product type, the disk brake segment accounts for a significant share in the market. This can be attributed to the superior stopping power offered by the product, which can prevent any evitable mishap or accident. Over the forecast period, the growth of the segment is expected to be propelled by the growing popularity of wide tyres, owing to the expected growth in road trips and tourism, especially post-pandemic, as disk brakes are suitable for wide tyres. Meanwhile, the drum brake segment is likely to drive the growth of the overall market, owing to the higher friction contact area, along with the cheap manufacturing costs, of the product.

 

Global Brake System Market

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Growing Demand for the OEM Segment to Augment the Market Growth

On the basis of distribution channel, the original equipment manufacturer (OEM) segment is anticipated to grow at a healthy rate over the forecast period, owing to the high-quality assurance, along with the quick response and efficient monitoring, offered by the manufacturers. Other advantages of the product, including value and lifespan of the product, warranty, and return of investment are expected to support the growth of the market.

 

The Asia Pacific Accounts for a Significant Share in the Market

The thriving automobile sector in the Asia Pacific, especially in countries like India, China, Japan, and South Korea, is the major driving factor for the growth of the brake system industry in the region. The market is also expected to be augmented by the growing popularity of electric cars, coupled with the rising disposable incomes and rising population in the emerging economies. In India, the commercial car segment is anticipated to generate a healthy demand for brake systems, owing to the rising demand for cab services.

 

Brake System: Industry Definition and Segmentation

Brake system is one of the crucial components, which is required to stop a motor vehicle. It includes a braking pedal, master cylinder, connecting hoses, lines, fluids, linkage, drums, shoes, and parking brake, among other components. It is an essential part of a vehicle in order to prevent accidents.

Based on product type, the market is divided into:

  • Disc Brake
  • Drum Brake
  • Hydrostatic Brake
  • Hydraulic Wet Brake
  • Regenerative and Dynamic Brake

On the basis of end use, the industry is segmented into:

  • Automotive 
  • Construction Equipment 
  • Agriculture Equipment
  • Industrial Truck
  • Mining Equipment

The various distribution channels of the brake system include:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Downstream Demand for Brake Systems to Boost the Growth of the Market

The global market for brake system is being driven by the growing downstream demand for brake systems in various industries, such as automotive, construction equipment, agriculture equipment, industrial truck, and mining equipment, among others. The demand for brake systems from the automotive industry has been significant and is likely to be further catalysed due to the rising sales of passenger and commercial vehicles. The market is expected to be aided by the growing awareness of road safety due to the rising cases of accidents, rash driving, and heavy traffic conditions. The growing mechanisation across downstream industries is projected to propel the demand for brake systems in the coming years.

 

Key Industry Players in the Global Brake System Market

The report gives a detailed analysis of the following key players in the global brake system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Aisin Seiki Co., Ltd.
  • Brembo S.P.A.
  • Continental AG
  • BorgWarner Inc.
  • Hitachi Astemo, Ltd.
  • Knorr-Bremse AG
  • Nissin Kogyo Co, Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, End Use, Distribution Channel, Region
Breakup by Product Type Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet Brake, Regenerative and Dynamic Brake
Breakup by End Use Automotive, Construction Equipment, Agriculture Equipment, Industrial Truck, Mining Equipment
Breakup by Distribution Channel Original Equipment Manufacturer (OEM), Aftermarket
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Aisin Seiki Co., Ltd., Brembo S.P.A., Continental AG, BorgWarner Inc., Hitachi Astemo, Ltd., Knorr-Bremse AG, Nissin Kogyo Co, Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Brake System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Brake System Historical Market (2016-2020) 
    8.3    Global Brake System Market Forecast (2021-2026)
    8.4    Global Brake System Market by Product Type
        8.4.1    Disc Brake
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Drum Brake
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Hydrostatic Brake
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Hydraulic Wet Brake
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Regenerative and Dynamic Brake
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
    8.5    Global Brake System Market by End Use 
        8.5.1    Automotive 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Construction Equipment 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Agriculture Equipment
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Industrial Truck
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Mining Equipment 
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
    8.6    Global Brake System Market by Distribution Channel
        8.6.1    Original Equipment Manufacturer (OEM)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Aftermarket
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Brake System Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Aisin Seiki Co., Ltd.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Brembo S.P.A.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Continental AG
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    BorgWarner Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Hitachi Astemo, Ltd.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Knorr-Bremse AG
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Nissin Kogyo Co, Ltd.
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Brake System Market: Key Industry Highlights, 2016 and 2026
2.    Global Brake System Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3.    Global Brake System Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4.    Global Brake System Historical Market: Breakup by End Use (USD Billion), 2016-2020
5.    Global Brake System Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6.    Global Brake System Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
7.    Global Brake System Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
8.    Global Brake System Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Brake System Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Brake System Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Brake System Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Brake System Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Brake System Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Brake System Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Brake System Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Brake System Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Brake System Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Brake System Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Brake System Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Brake System Market Structure

Key Questions Answered in the Report

The global brake system market is estimated to grow at a CAGR of 7% during 2021-2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 57.19 billion by 2026.

The major drivers of the industry, such as the growing end-use of the brake system in various industries including automotive, construction equipment, agriculture equipment, and industrial trucks, among others, the growing awareness about road safety, growing mechanisations in downstream industries, and the rising demand for passenger and commercial cars, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the technological advancements in the automotive industry in order to enhance the safety for the consumers.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Disc brake, drum brake, hydrostatic brake, hydraulic wet brake, and regenerative and dynamic brake are the major product types in the market.

Automotive, construction equipment, agriculture equipment, industrial truck, and mining equipment are the leading end use sectors of the product in the market.

Original equipment manufacturer (OEM) and aftermarket are the significant distribution channels of the product in the industry.

The major players in the industry are Aisin Seiki Co., Ltd., Brembo S.P.A., Continental AG, BorgWarner Inc., Hitachi Astemo, Ltd., Knorr-Bremse AG, and Nissin Kogyo Co, Ltd., among others.

Analyst Review

The global brake system market was driven by the growing end-use of the brake system in various industries, including automotive, construction equipment, agriculture equipment, and industrial trucks, among others. Aided by the technological advancements in the automotive industry, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7%. The market is projected to reach USD 57.19 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market is divided into disc brake, drum brake, hydrostatic brake, hydraulic wet brake, and regenerative and dynamic brake. On the basis of end use, the market is divided into automotive, construction equipment, agriculture equipment, industrial truck, and mining equipment. The major distribution channels of the product include original equipment manufacturer (OEM) and aftermarket. The major regional markets for brake system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Aisin Seiki Co., Ltd., Brembo S.P.A., Continental AG, BorgWarner Inc., Hitachi Astemo, Ltd., Knorr-Bremse AG, and Nissin Kogyo Co, Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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