Automotive Braking Systems Market Trends, Sector Overview and Forecast to 2028
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In 2023, the size of the global braking systems market was at 578.5 mn units, reflecting a substantial CAGR of 10.7%. Nonetheless, the sector experienced a negative CAGR of 0.6% during 2018-23, largely attributed to the prolonged effects of the COVID-19 pandemic, subsequent disruptions in the supply chain, and the Russia-Ukraine armed conflict. Over the forecast period from 2023-28, the sector is anticipated to rebound, demonstrating a projected CAGR of 2.0%, culminating in an estimated 637.2 million units by 2028.
This report brings together multiple data sources to provide a comprehensive overview of the global Braking Systems sector. It includes analysis on the following –
Trends & Drivers: Provides an overview of current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
Sector Forecast: Provides deep-dive analysis of global market covering volume growth during 2018–2028, and spot estimates for 2023 and 2028. The analysis also covers regional overview across four regions-Asia-Pacific, Europe, North America, and South America and MEA-highlighting sector size, and growth drivers for the region.
Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
Patent Analysis: Provides an overview of patent filings in the sector across regions, countries and top applicants.
Scope
This report brings together multiple data sources to provide a comprehensive overview of the global braking systems sector. It includes an analysis on the following:
Trends & Drivers: Provides an overview of the current sector scenario regarding the outlook in terms of key trends and drivers of the sector.
Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2030 and 2036. The analysis also covers a regional overview across four regions-Asia-Pacific, Europe, MEA, North America, and South America -highlighting sector size, and growth drivers for the region.
Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Key Highlights
- The global braking systems market is estimated at 513.6 million units in 2023.
- Disk brakes dominate the sector
- Over the forecast period, the braking systems sector is expected to record a CAGR of more than 5% during 2021–26.
- The top companies operating in the global braking systems are Bosch, Continental, ZF TRW, Advics, and Mando.
Reasons to Buy
Auto OEMs and component suppliers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region. The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances. The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion. To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Continental
ZF
Advics
HL Mando
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