自動車用ブレーキシステム市場 : 2028年までの世界予測

Report Overview

The automotive brake system market is estimated to grow from USD 23.5 billion in 2023 to USD 30.1 billion by 2028 at a CAGR of 5.1% during the forecast period. The demand for automotive brake systems is growing because governments worldwide are mandating the installation of vehicle safety features such as ABS, ESC, TCS, and EBD. This has strongly driven the electronic brake system market. The growing popularity of high-end and luxury cars would further fuel this demand.
Countries like India, China, Brazil, Mexico, and Argentina focus on enhanced automotive safety standards. However, the high maintenance and repair costs can hinder market growth, especially in developing countries.

“Agricultural tractors will dominate the off-highway brake system market in 2023.”
Agricultural tractors hold the largest market for brakes during the forecast period. Agricultural tractors are widely used in wet and muddy farmlands, and hence, drum brakes are unsuitable for achieving the desired performance as they get heated quickly and experience friction loss. Due to their robustness and effectiveness in handling heavy-duty applications, hydraulic wet brakes are predominantly preferred in agriculture tractors. These brakes ensure reliable stopping power and durability, essential for challenging terrains and rigorous usage. They are also preferred for farming due to low maintenance requirements and no major price difference compared to dry disc brake systems. Presently, a high installation rate of hydraulic wet brakes (more than 80%) exists in agricultural tractors, mostly equipped on the rear axle. According to insights from industry experts, drum brakes find application in less than 30 horsepower tractors, mainly in emerging economies of the Asia Pacific region. Initially, a hydraulic single-line brake system was installed in tractors. However, the new tractor models are equipped with dual-line braking systems, considered a suitable option for running at speeds of 40 km/h and above. The increasing levels of farm mechanization and anticipated advancements in braking technology will subsequently spur the growth of the agricultural tractor brake system market.

“The Pneumatic System market is analyzed to grow at the fastest growing brake actuation type.”
The pneumatic brake system is popular in the heavy-duty trucks and bus segments as it offers superior performance, safety, efficiency, and strict regulation compliance, making it an ideal choice for heavy-duty applications. As global heavy vehicle manufacturers and braking companies strongly emphasize safety and performance, they embrace air brake technology, ensuring their trucks meet the demanding requirements of various industries and sectors, including construction, logistics, and transportation. The US has mandated pneumatic brake systems for heavy truck applications for stopping distance since August 2013. For these heavy truck tractors, the amended standard requires those vehicles to stop at not more than 250 feet when loaded to their gross vehicle weight rating (GVWR) and tested at 60 miles per hour (mph). Further, these regulations demand brake systems compatible with ABS and ESC, as manufacturers must meet the regulatory standards. With ongoing technological progress, there is a growing demand for brake systems that integrate ABS and ESC as vehicle manufacturers strive to incorporate the latest safety features. Some OEMs, such as Daimler AG, Volvo, and PACCAR, offer anti-lock braking systems with air disc brakes in their commercial truck models, such as Freightliner Cascadia, Volvo VNL, and Kenworth T680. Thus, the integration of ABS and ESC technologies in the brake systems of heavy commercial vehicles will bring a positive growth trajectory to allow brake manufacturers to increase their business venture in pneumatic brake systems.

“North America holds the largest market share in the ATV brake system market during the forecast period.”
ATVs are used in multiple sports, agriculture, military & defense, and construction applications. Hydraulic disc brake systems are primarily fitted in ATVs due to their effectiveness in providing reliable stopping power across diverse terrains. Hydraulic disc brakes excel in off-road conditions, offering precise control and responsiveness. Other benefits include improved heat dissipation, reduced fade during prolonged use, and the ability to handle the varying demands of different terrains. Major ATV manufacturers such as Polaris, Honda, and Textron offer models loaded with hydraulic disc brakes to optimize performance. Owing to their advantages and ongoing developments to diversify the usage of ATVs, the demand for hydraulic disc brake systems is expected to notice a positive growth trend in the upcoming years
North America has the largest share of the ATV market owing to increasing recreational activities, government support for off-road racing such as desert racing, and dirt racing, and growing demand for ATVs in military and farm applications. Thus, with growing sales of ATVs in North America for a variety of applications, the demand for brake systems for ATVs in North America will increase.

“North America will be the second largest automotive brake system market during the forecast period.”
North America holds the 2nd largest market after Asia Pacific in the automotive brakes market, in which the US dominates the regional market, followed by Mexico and Canada. Owing to customers’ preferences towards luxury and sports vehicles, the adoption of all disc brakes in passenger cars, SUVs, and pick-up trucks has grown significantly in recent years. North American countries are incorporating ADAS functions in their vehicles, and OEMs in the US have voluntarily taken initiatives to include AEB in the latest production vehicles. For instance, according to the NHTSA, 20 automakers in the US made AEB standards in 50% of their 2017 models. These automakers pledged to include AEB in all new US vehicles in the coming years. Following the European scenario, many regional OEMs such as Ford General Motors and other players such as Toyota, Honda, Hyundai, and Mitsubishi have incorporated AEB in many current product lineups, and more are expected to join the force to remain competitive in the market. This is likely to boost the penetration of electronic braking systems due to their regulations complying with advanced braking system regulations stipulated in the US FMVSS105 guidelines. Thus, with the implementation of stringent safety standards and the inclination for efficient braking solutions, the demand for automotive brake systems is expected to grow further in North American countries.
Breakdown of Primaries
In-depth interviews were conducted with CXOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Supply Side- 80%, Demand Side- 20%
• By Designation: C-Level Executives – 50%, Director/ Vice Presidents– 40%, and Others – 10%
• By Region: Asia Pacific- 45%, Europe – 20%, North America – 25%, and RoW- 10%

The automotive brake system market is led by globally established players such as 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), and Haldex AB (Sweden). The study includes an in-depth competitive analysis of these key players in the automotive brake system market with their company profiles, MnM view of the top five companies, recent developments, and key market strategies.

Research Coverage:
The automotive brake system market is segmented by region (Asia Pacific, Europe, North America, and RoW), vehicle type (passenger car, LCV, truck, and bus), brake type (disc brakes and drum brakes), technology (anti-lock braking system, traction control system, electronic stability control, electronic brake-force distribution, and automatic emergency braking system), component type (Master cylinders, brake pads, brake shoes, brake calipers, and brake disc rotors), off-highway application (agricultural tractor, construction equipment, and mining equipment), off-highway brake type (hydrostatic brake, hydraulic wet brake, dynamic brake,  and others), actuation (hydraulic and pneumatic), regenerative brake market(Battery Electric Vehicle, and Plug-in Hybrid Electric Vehicle), and ATV brake system market( Asia Pacific, Europe, North America and Rest of the World)
The study also includes an in-depth competitive analysis of the key players in the market along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:
This report provides insights concerning the following points:
Country-level brake type-wise market: The report offers in-depth market sizing and forecasts for 2028 by brake types, such as disc and drum brakes. This study covers the market sizing for the automotive brake system market at the country and regional levels.
By Technology & Vehicle type: The report offers in-depth market sizing and forecasts up to 2028 by technology, such as ABS, ESC, TSC, EBD, and AEB at the regional level. In-depth analysis of different technology types used in vehicle type at the regional level.
Component Type & By Actuation Type: The report offers in-depth market sizing and forecasts up to 2028 by component types, such as master cylinders, brake pads, brake shoes, brake calipers, and brake disc rotors. The report provides market sizing and forecasting till 2028 by actuation type, such as hydraulic and Pneumatic, for each vehicle type.
The report provides the “Market Share” of the leading automotive brake system market players.
Market Development: The report provides comprehensive information about lucrative emerging markets for the automotive brake system market across regions.
Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the automotive brake system market.
Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the automotive brake system market.

The report provides insights on the following pointers:
• Analysis of key drivers (Increased emphasis on road safety, Stringency of government regulations to reduce stopping distance for light-duty and heavy-duty vehicles, growth in demand for off-highway heavy-duty trucks, Increasing adoption of advanced brake systems for enhanced vehicle safety, integration of adaptative cruise control in electronic braking systems for improved vehicle handling, Implementation of New Car Assessment Program (NCAP)  will drive the  advanced brake systems), Restraints (High development and maintenance costs of advanced braking technology), Opportunities (Rising adoption of brake-by-wire systems, Government regulation to make advanced emergency braking systems mandatory, Increasing use of regenerative braking in EV ecosystem), Challenges (Malfunctioning of electronic braking systems, Freezing of air brakes at low temperature)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the automotive brake system market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the automotive brake system market across different regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the automotive brake system market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Continental AG (Germany), Robert Bosch GmbH (Germany), AISIN Seiki Co., ltd. (Japan), ZF Friedrichshafen AG (Germany), Knorr-Bremse AG (Germany), and Akebono Brake Industry Co., Ltd (Japan) in the automotive brake system market. 

Table of Contents

1            INTRODUCTION            29

1.1         STUDY OBJECTIVES      29

1.2         MARKET DEFINITION   30

1.2.1      INCLUSIONS AND EXCLUSIONS 31

TABLE 1             SEGMENT-WISE INCLUSIONS AND EXCLUSIONS             31

1.3         MARKET SCOPE             32

FIGURE 1           AUTOMOTIVE BRAKE SYSTEM MARKET SEGMENTATION              32

1.3.1      REGIONS COVERED      33

1.3.2      YEARS CONSIDERED     33

1.4         CURRENCY CONSIDERED          34

TABLE 2             CURRENCY EXCHANGE RATES 34

1.5         STAKEHOLDERS            35

1.6         SUMMARY OF CHANGES            35

2            RESEARCH METHODOLOGY     36

2.1         RESEARCH DATA           36

FIGURE 2           RESEARCH DESIGN       36

FIGURE 3           RESEARCH METHODOLOGY MODEL    37

2.1.1      SECONDARY DATA       38

2.1.2      LIST OF KEY SECONDARY SOURCES TO ESTIMATE VEHICLE PRODUCTION/ SALES AND MARKET SIZING      38

2.1.2.1   Key data from secondary sources     39

2.1.3      PRIMARY DATA 40

FIGURE 4           BREAKDOWN OF PRIMARY INTERVIEWS            40

2.1.3.1   Sampling techniques & data collection methods           41

2.1.4      PRIMARY PARTICIPANTS           41

2.2         MARKET SIZE ESTIMATION       41

FIGURE 5           RESEARCH METHODOLOGY: HYPOTHESIS BUILDING  42

2.2.1      BOTTOM-UP APPROACH           42

FIGURE 6           BOTTOM-UP APPROACH: BY BRAKE TYPE AND VEHICLE TYPE              43

2.2.2      TOP-DOWN APPROACH             43

FIGURE 7           TOP-DOWN APPROACH: BY ACTUATION TYPE 43

2.3         DRIVER ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES              44

FIGURE 8           DRIVER ANALYSIS FOR AUTOMOTIVE BRAKE SYSTEM MARKET              44

2.4         FACTOR ANALYSIS        45

FIGURE 9           FACTORS IMPACTING AUTOMOTIVE BRAKE SYSTEM MARKET              45

2.5         RECESSION IMPACT      46

2.6         MARKET BREAKDOWN AND DATA TRIANGULATION    47

FIGURE 10         DATA TRIANGULATION             47

2.7         GLOBAL ASSUMPTIONS             48

2.8         RESEARCH ASSUMPTIONS         48

2.9         RESEARCH LIMITATIONS           50

3            EXECUTIVE SUMMARY 51

3.1         REPORT SUMMARY       51

FIGURE 11         AUTOMOTIVE BRAKE SYSTEM MARKET OUTLOOK       51

FIGURE 12         AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023 VS. 2028 (USD MILLION)             52

4            PREMIUM INSIGHTS      55

4.1         ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN AUTOMOTIVE BRAKE SYSTEM MARKET             55

FIGURE 13         STRINGENCY OF SAFETY STANDARDS AND CAR ASSESSMENT PROGRAMS TO DRIVE ADVANCEMENTS IN THE BRAKE TECHNOLOGY 55

4.2         AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE           56

FIGURE 14         DISC BRAKES SEGMENT TO HAVE LARGER MARKET SIZE DURING FORECAST PERIOD     56

4.3         AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY       56

FIGURE 15         ABS SEGMENT TO LEAD MARKET, BY VOLUME, IN 2023 56

4.4         AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE 57

FIGURE 16         HYDRAULIC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       57

4.5         AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT         57

FIGURE 17         BRAKE PADS SEGMENT TO HAVE LARGEST MARKET SIZE DURING FORECAST PERIOD     57

4.6         AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE       58

FIGURE 18         PASSENGER CARS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       58

4.7         REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE              58

FIGURE 19         BATTERY ELECTRIC VEHICLES SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD    58

4.8         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE          59

FIGURE 20         HYDRAULIC WET BRAKES SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD    59

4.9         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION       59

FIGURE 21         AGRICULTURAL TRACTORS SEGMENT TO COMMAND FASTEST GROWTH DURING FORECAST PERIOD            59

4.10       ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION    60

FIGURE 22         NORTH AMERICA TO LEAD MARKET FROM 2023 TO 2028              60

4.11       AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION     60

FIGURE 23         ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       60

5            MARKET OVERVIEW     61

5.1         INTRODUCTION            61

5.2         MARKET DYNAMICS     61

FIGURE 24         MARKET DYNAMICS: BRAKE SYSTEM MARKET  62

5.2.1      DRIVERS            62

5.2.1.1   Increased emphasis on road safety   62

TABLE 3             COUNTRY-WISE ADVANCED BRAKING SYSTEM REGULATIONS              63

5.2.1.2   Stringency of government regulations to reduce stopping distance in light-duty and heavy-duty vehicles     63

TABLE 4             LIST OF COMMERCIAL VEHICLE MODELS EQUIPPED WITH ANTI-LOCK BRAKING SYSTEMS AND ELECTRONIC STABILITY CONTROL BRAKING SYSTEMS        64

FIGURE 25         COMPARISON OF STOPPING DISTANCES AT 65 MPH FOR PASSENGER CARS AND TRUCKS IN US   64

FIGURE 26         TOTAL STOPPING DISTANCES FOR PASSENGER CARS AND TRUCKS             65

5.2.1.3   Growth in demand for off-highway heavy-duty trucks  65

FIGURE 27         ARTICULATED & RIGID DUMP TRUCK MARKET, 2020–2028 (UNITS)             65

5.2.1.4   Increasing adoption of advanced brake systems for enhanced vehicle safety              66

TABLE 5             LIST OF TOP BRAKE SUPPLIERS AND THEIR ADVANCED BRAKING SYSTEM OFFERINGS  66

FIGURE 28         EFFECT OF EBD             67

5.2.1.5   Integration of adaptive cruise control in electronic braking systems for improved vehicle handling   67

TABLE 6             VEHICLES WITH ADAPTIVE CRUISE CONTROL 68

FIGURE 29         ANALYSIS OF ELECTRONIC BRAKING SYSTEMS FOR DIFFERENT VEHICLE CLASSES  68

5.2.1.6   Implementation of New Car Assessment Program (NCAP)       69

TABLE 7             LOCAL NEW CAR ASSESSMENT PROGRAMS (NCAP)       70

TABLE 8             FACTORS AND WEIGHTAGE FOR EURO NCAP RATING  70

5.2.2      RESTRAINTS     70

5.2.2.1   High development and maintenance costs of advanced braking technology              70

TABLE 9             ABS CONTROL MODULE REPAIR COSTS (USD) 71

5.2.3      OPPORTUNITIES           71

5.2.3.1   Rising adoption of brake-by-wire systems      71

TABLE 10           VEHICLE MODELS WITH BRAKE-BY-WIRE SYSTEMS       72

5.2.3.2  Government regulations to make advanced emergency braking systems mandatory.              73

5.2.3.3   Increasing use of regenerative braking systems in EV ecosystem 73

5.2.4      CHALLENGES   74

5.2.4.1   Malfunctioning of electronic braking systems 74

5.2.4.2   Freezing of air brakes at low temperatures     74

5.3         REVENUE SHIFT FOR AUTOMOTIVE BRAKE SYSTEM MARKET   75

5.4         MARKET ECOSYSTEM   76

FIGURE 30         AUTOMOTIVE BRAKE SYSTEM MARKET ECOSYSTEM    76

5.4.1      BRAKE SYSTEM MANUFACTURERS        76

5.4.2      BRAKE SYSTEM COMPONENT SUPPLIERS/TECHNOLOGY PROVIDERS              76

5.4.3      AUTOMOTIVE OEMS    77

5.4.4      REGULATORY AUTHORITIES    77

5.4.5      DEALERS & DISTRIBUTORS       77

5.4.6      SERVICE & REPAIR CENTERS     77

5.4.7      FLEET OWNERS & OPERATORS 77

TABLE 11           AUTOMOTIVE BRAKE SYSTEM MARKET: ROLE OF COMPANIES IN ECOSYSTEM 78

5.5         SUPPLY CHAIN ANALYSIS          79

FIGURE 31         AUTOMOTIVE BRAKE SYSTEM MARKET: SUPPLY CHAIN ANALYSIS          79

5.6         VALUE CHAIN ANALYSIS            80

FIGURE 32         AUTOMOTIVE BRAKE SYSTEM MARKET: VALUE CHAIN ANALYSIS          81

5.7         REGULATORY LANDSCAPE       81

5.7.1      US: FEDERAL MOTOR SAFETY STANDARDS FOR BRAKE SYSTEM PARTS              82

TABLE 12           US: FEDERAL MOTOR VEHICLE SAFETY STANDARDS    82

5.7.2      VEHICLE SAFETY STANDARDS, BY COUNTRY/REGION 83

TABLE 13           VEHICLE SAFETY STANDARDS, BY COUNTRY/REGION 83

5.7.3      ELECTRONIC BRAKE SYSTEM MANDATES, BY COUNTRY/REGION              84

5.7.4      VEHICLE SAFETY STANDARDS  84

TABLE 14           NORTH AMERICA: VEHICLE BRAKE SAFETY STANDARDS              84

5.7.5      EUROPE: VEHICLE BRAKE SAFETY STANDARDS 85

5.7.6      LIST OF REGULATORY AUTHORITIES FOR BRAKE SYSTEMS, BY REGION             86

5.8         TRADE ANALYSIS          87

5.8.1      IMPORT DATA 87

5.8.1.1   US         87

TABLE 15           US IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)              87

5.8.1.2   Canada  87

TABLE 16           CANADA IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        87

5.8.1.3   China     88

TABLE 17           CHINA IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        88

5.8.1.4   Japan     88

TABLE 18           JAPAN IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        88

5.8.1.5   India      89

TABLE 19           INDIA IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        89

5.8.1.6   Germany             89

TABLE 20           GERMANY IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        89

5.8.1.7   France   90

TABLE 21          FRANCE IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        90

5.8.1.8   Spain     90

TABLE 22           SPAIN IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        90

5.8.1.9   UK         91

TABLE 23           UK IMPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)              91

5.8.2      EXPORT DATA 91

5.8.2.1   US         91

TABLE 24           US EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)              91

5.8.2.2   Canada  91

TABLE 25           CANADA EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        91

5.8.2.3   China     92

TABLE 26           CHINA EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        92

5.8.2.4   Japan     92

TABLE 27           JAPAN EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        92

5.8.2.5   India      93

TABLE 28           INDIA EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        93

5.8.2.6   Germany             93

TABLE 29           GERMANY EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        93

5.8.2.7   France   94

TABLE 30          FRANCE EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        94

5.8.2.8   Spain     94

TABLE 31           SPAIN EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)        94

5.8.2.9   UK         95

TABLE 32           UK EXPORT: BRAKES & SERVO-BRAKES AND THEIR PARTS, FOR TRACTORS, MOTOR VEHICLES FOR TRANSPORT OF TEN OR MORE PERSONS, MOTOR CARS, AND OTHER MOTOR VEHICLES, BY COUNTRY (VALUE %)              95

5.9         PRICING ANALYSIS        95

5.9.1      BY REGION        95

TABLE 33           PRICE TREND, BY REGION, 2020 VS. 2022             95

5.9.2      BY BRAKE TYPE              95

TABLE 34           PRICE TREND, BY BRAKE TYPE, 2020 VS. 2022     95

5.10       PATENT ANALYSIS        96

TABLE 35           PATENT ANALYSIS        96

5.11       CASE STUDY     99

5.11.1    CASE STUDY 1: USE OF HIGH-CONTENT KELVAR MATERIALS TO INCREASE CLUTCH BRAKE PERFORMANCE       99

5.11.2    CASE STUDY 2: FAILURE OF ABS TECHNOLOGY 99

5.11.3    CASE STUDY 3: KNORR-BREMSE AG FACED SEVERAL CHALLENGES IN DEVELOPING ITS BRAKE SYSTEMS        100

5.11.4    CASE STUDY 4: DEVELOPMENT OF AIR BRAKE SYSTEMS FOR COMMERCIAL VEHICLES           100

5.12       KEY CONFERENCES AND EVENTS          101

TABLE 36           AUTOMOTIVE BRAKE SYSTEM MARKET: LIST OF UPCOMING CONFERENCES AND EVENTS, 2023–2024             101

5.13       BUYING CRITERIA         101

FIGURE 33         KEY BUYING CRITERIA FOR DISC BRAKES VS. DRUM BRAKES              101

TABLE 37           KEY BUYING CRITERIA FOR DISC BRAKES VS DRUM BRAKES              102

5.14       TECHNOLOGY TRENDS             102

5.14.1    DEVELOPMENT OF BRAKE-BY-WIRE (BBW) SYSTEMS    102

5.14.2    DEVELOPMENT OF AUTONOMOUS EMERGENCY BRAKING (AEB) SYSTEMS           103

5.14.3    DEVELOPMENT OF ELECTRO-PNEUMATIC BRAKE SYSTEMS FOR COMMERCIAL VEHICLES           103

5.15       IMPACT OF AUTONOMOUS ELECTRIC VEHICLES ON BRAKE SYSTEMS              104

5.15.1    AUTONOMOUS VEHICLES (L1, L2, AND L3)        104

5.15.1.1 Vehicle braking requirements for autonomous vehicles 104

5.15.1.2 Level 1 (driver assistance) 104

5.15.1.3 Level 2 (partial autonomous)           105

5.15.1.4 Level 3 (conditional driving automation)       105

5.15.2    ADAS FEATURES            105

FIGURE 34         EVOLUTION OF AUTOMATED SAFETY TECHNOLOGIES/BRAKE TECHNOLOGIES          106

5.15.3    ELECTRIC VEHICLES     106

FIGURE 35         WORKING OF REGENERATIVE BRAKING SYSTEMS         107

6            AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE           108

6.1         INTRODUCTION            109

6.1.1      INDUSTRY INSIGHTS    109

FIGURE 36         AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023 VS. 2028 (USD MILLION)             109

TABLE 38           AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)          110

TABLE 39           AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)          110

TABLE 40           AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)     110

TABLE 41           AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)     110

6.2         DISC BRAKES    111

6.2.1      BETTER HEAT DISSIPATION AND SELF-ADJUSTING FRICTION MATERIAL TO DRIVE DEMAND 111

TABLE 42           DISC BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             111

TABLE 43           DISC BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             111

TABLE 44           DISC BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       112

TABLE 45           DISC BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       112

6.3         DRUM BRAKES 112

6.3.1      COST-SENSITIVE NATURE OF EMERGING MARKETS TO DRIVE DEMAND           112

TABLE 46           DRUM BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             113

TABLE 47           DRUM BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             113

TABLE 48           DRUM BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       113

TABLE 49           DRUM BRAKES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       114

7            AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY       115

7.1         INTRODUCTION            116

7.1.1      INDUSTRY INSIGHTS    116

FIGURE 37         AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2022 VS. 2028 (THOUSAND UNITS)          116

TABLE 50           AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2018–2022 (THOUSAND UNITS) 117

TABLE 51           AUTOMOTIVE BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (THOUSAND UNITS) 117

7.2         ANTI-LOCK BRAKING SYSTEM (ABS)     118

7.2.1      REGULATIONS TO MANDATE ABS TO DRIVE MARKET  118

TABLE 52           ANTI-LOCK BRAKING SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)     118

TABLE 53           ANTI-LOCK BRAKING SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)     118

7.3         ELECTRONIC STABILITY CONTROL (ESC)          119

7.3.1      GOVERNMENT MANDATES FOR INSTALLATION OF ESC IN PASSENGER CARS TO DRIVE MARKET           119

TABLE 54           ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2018–2022 (THOUSAND UNITS) 119

TABLE 55           ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 119

7.4         TRACTION CONTROL SYSTEM (TCS)    120

7.4.1      GROWING FOCUS ON BETTER TRACTION CONTROL TO DRIVE MARKET            120

TABLE 56           TRACTION CONTROL SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)     120

TABLE 57           TRACTION CONTROL SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)     120

7.5         ELECTRONIC BRAKEFORCE DISTRIBUTION (EBD)         121

7.5.1      STRINGENCY IN SAFETY REGULATIONS TO DRIVE MARKET      121

TABLE 58           ELECTRONIC BRAKEFORCE DISTRIBUTION MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             121

TABLE 59           ELECTRONIC BRAKEFORCE DISTRIBUTION MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             121

7.6         AUTOMATIC EMERGENCY BRAKING (AEB)        122

7.6.1      DEMAND FOR AUTOMOTIVE SAFETY AND REGULATIONS TO INCREASE DEMAND FOR AEB SYSTEMS 122

TABLE 60           AUTOMATIC EMERGENCY BRAKING MARKET, BY REGION, 2018–2022 (THOUSAND UNITS) 122

TABLE 61           AUTOMATIC EMERGENCY BRAKING MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 122

8            AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE       123

8.1         INTRODUCTION            124

8.1.1      INDUSTRY INSIGHTS    124

FIGURE 38         AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023 VS. 2028 (USD MILLION)     124

TABLE 62           AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (THOUSAND UNITS) 125

TABLE 63           AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (THOUSAND UNITS) 125

TABLE 64           AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018–2022 (USD MILLION)          125

TABLE 65           AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)          126

8.2         PASSENGER CARS          126

8.2.1      STRINGENCY OF SAFETY STANDARDS TO DRIVE MARKET         126

TABLE 66           PASSENGER CARS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)          127

TABLE 67           PASSENGER CARS BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)          127

TABLE 68           PASSENGER CARS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)     127

TABLE 69           PASSENGER CARS BRAKE SYSTEM MARKET, 2023–2028 (USD MILLION)          128

8.3         LIGHT COMMERCIAL VEHICLES             128

8.3.1      GROWING DEMAND FOR ADVANCED BRAKING SYSTEMS TO DRIVE MARKET            128

TABLE 70           LIGHT COMMERCIAL VEHICLES BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             128

TABLE 71           LIGHT COMMERCIAL VEHICLES BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             129

TABLE 72           LIGHT COMMERCIAL VEHICLES BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       129

TABLE 73           LIGHT COMMERCIAL VEHICLES BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       129

8.4         TRUCKS             130

8.4.1      INTRODUCTION OF ELECTRONIC BRAKE SYSTEMS TO DRIVE MARKET              130

TABLE 74           TRUCKS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)     130

TABLE 75           TRUCKS BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)     130

TABLE 76           TRUCKS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)          131

TABLE 77           TRUCKS BRAKE SYSTEM MARKET, 2023–2028 (USD MILLION)              131

8.5         BUSES  132

8.5.1      INCREASING ADOPTION OF EFFICIENT BRAKE SYSTEMS TO DRIVE MARKET            132

TABLE 78           BUSES BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)     132

TABLE 79           BUSES BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)     133

TABLE 80           BUSES BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)          133

TABLE 81           BUSES BRAKE SYSTEM MARKET, 2023–2028 (USD MILLION)              133

9            AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE 134

9.1         INTRODUCTION            135

9.1.1      INDUSTRY INSIGHTS    135

FIGURE 39         AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2023 VS. 2028 (USD MILLION)     135

TABLE 82           AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2018–2022 (THOUSAND UNITS) 136

TABLE 83           AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2023–2028 (THOUSAND UNITS) 136

TABLE 84           AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2018–2022 (USD MILLION)          136

TABLE 85           AUTOMOTIVE BRAKE SYSTEM MARKET, BY ACTUATION TYPE, 2023–2028 (USD MILLION)          136

9.2         HYDRAULIC      137

9.2.1      LIGHT CONSTRUCTION AND LOW OVERALL WEIGHT TO DRIVE DEMAND           137

TABLE 86           HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)     137

TABLE 87           HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)     137

TABLE 88           HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION) 138

TABLE 89           HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION) 138

9.3         PNEUMATIC     139

9.3.1      SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES TO DRIVE DEMAND             139

TABLE 90           PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)     139

TABLE 91           PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)     139

TABLE 92           PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION) 140

TABLE 93           PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION) 140

10          AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT         141

10.1       INTRODUCTION            142

10.1.1    INDUSTRY INSIGHTS    142

FIGURE 40         AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2023 VS. 2028 (USD MILLION)             142

TABLE 94           AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2022 (THOUSAND UNITS) 143

TABLE 95           AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2023–2028 (THOUSAND UNITS) 143

TABLE 96           AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2018–2022 (USD MILLION)          143

TABLE 97           AUTOMOTIVE BRAKE SYSTEM MARKET, BY COMPONENT, 2023–2028 (USD MILLION)          144

10.2       MASTER CYLINDERS     144

10.2.1    INCORPORATION OF ELECTRONIC CONTROL IN BRAKE SYSTEMS TO DRIVE MARKET 144

TABLE 98           MASTER CYLINDERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)       144

TABLE 99           MASTER CYLINDERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)       145

TABLE 100         MASTER CYLINDERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)  145

TABLE 101         MASTER CYLINDERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)  145

10.3       BRAKE PADS     146

10.3.1    RISING NUMBER OF PASSENGER VEHICLES WITH DISC BRAKE SYSTEMS TO DRIVE MARKET    146

TABLE 102         BRAKE PADS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             146

TABLE 103         BRAKE PADS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             146

TABLE 104         BRAKE PADS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       147

TABLE 105         BRAKE PADS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       147

10.4       BRAKE SHOES   147

10.4.1    INCREASING ADOPTION OF BRAKE SHOES IN ECONOMY CARS AND HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET     147

TABLE 106         BRAKE SHOES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             148

TABLE 107         BRAKE SHOES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             148

TABLE 108         BRAKE SHOES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       148

TABLE 109         BRAKE SHOES: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       149

10.5       BRAKE CALIPERS           149

10.5.1    DEVELOPMENT OF ELECTRONIC CALIPERS AND INCREASING USE OF LIGHTWEIGHT MATERIALS IN PASSENGER CARS TO DRIVE MARKET    149

TABLE 110         BRAKE CALIPERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             150

TABLE 111         BRAKE CALIPERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             150

TABLE 112         BRAKE CALIPERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       150

TABLE 113         BRAKE CALIPERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       151

10.6       BRAKE DISC ROTORS    151

10.6.1    GROWING ADOPTION OF DISC BRAKE TECHNOLOGY IN COMMERCIAL VEHICLES TO DRIVE MARKET    151

TABLE 114         BRAKE DISC ROTORS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)       151

TABLE 115         BRAKE DISC ROTORS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)       152

TABLE 116         BRAKE DISC ROTORS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)  152

TABLE 117         BRAKE DISC ROTORS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)  152

11          OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION       153

11.1       INTRODUCTION            154

11.1.1    INDUSTRY INSIGHTS    154

FIGURE 41         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)     155

TABLE 118         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2018–2022 (THOUSAND UNITS) 155

TABLE 119         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2023–2028 (THOUSAND UNITS) 155

TABLE 120         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2018–2022 (USD MILLION)          156

TABLE 121         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2023–2028 (USD MILLION)          156

11.2       AGRICULTURAL TRACTORS      156

11.2.1    GROWING DEMAND FOR HIGH-POWERED TRACTORS TO DRIVE MARKET            156

TABLE 122         AGRICULTURAL TRACTORS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             157

TABLE 123         AGRICULTURAL TRACTORS BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             157

TABLE 124         AGRICULTURAL TRACTORS BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       157

TABLE 125         AGRICULTURAL TRACTORS BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       158

11.3       CONSTRUCTION EQUIPMENT  158

11.3.1    GROWING INFRASTRUCTURE/CONSTRUCTION PROJECTS BY GOVERNMENTS TO DRIVE MARKET      158

TABLE 126         CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             159

TABLE 127         CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             159

TABLE 128         CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       159

TABLE 129         CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       160

11.4       MINING EQUIPMENT    160

11.4.1    GROWING MINING ACTIVITIES AND ENHANCED FOCUS ON MINING EQUIPMENT SAFETY TO DRIVE MARKET           160

TABLE 130         MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS) 161

TABLE 131         MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 161

TABLE 132         MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)          161

TABLE 133         MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)          162

12          OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE          163

12.1       INTRODUCTION            164

12.1.1    INDUSTRY INSIGHTS    164

FIGURE 42         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023 VS. 2028 (USD MILLION)             164

TABLE 134         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS) 165

TABLE 135         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS) 165

TABLE 136         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)          165

TABLE 137         OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)          165

12.2       HYDROSTATIC BRAKES 166

12.2.1    INCREASING DEPLOYMENT OF MINING EQUIPMENT WITH HYDROSTATIC BRAKING TO DRIVE MARKET    166

TABLE 138         OFF-HIGHWAY HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             166

TABLE 139         OFF-HIGHWAY HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             166

TABLE 140         OFF-HIGHWAY HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       167

TABLE 141         OFF-HIGHWAY HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       167

12.3       HYDRAULIC WET BRAKES          167

12.3.1    STRINGENCY IN SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES TO DRIVE MARKET   167

TABLE 142         OFF-HIGHWAY HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)             168

TABLE 143         OFF-HIGHWAY HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)             168

TABLE 144         OFF-HIGHWAY HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)       168

TABLE 145         OFF-HIGHWAY HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)       169

12.4       DYNAMIC BRAKES         169

12.4.1    GROWING REGULATIONS ON BRAKE PERFORMANCE AND STOPPING DISTANCES TO DRIVE MARKET 169

TABLE 146        OFF-HIGHWAY DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS) 169

TABLE 147        OFF-HIGHWAY DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 170

TABLE 148        OFF-HIGHWAY DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)          170

TABLE 149        OFF-HIGHWAY DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)          170

12.5       OTHERS             171

TABLE 150         OFF-HIGHWAY OTHER BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS) 171

TABLE 151         OFF-HIGHWAY OTHER BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 171

TABLE 152         OFF-HIGHWAY OTHER BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)          171

TABLE 153         OFF-HIGHWAY OTHER BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)          172

13          REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE              173

13.1       INTRODUCTION            174

13.1.1    INDUSTRY INSIGHTS    174

FIGURE 43         REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2023 VS. 2028 (USD MILLION)    174

TABLE 154         REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2022 (THOUSAND UNITS) 174

TABLE 155         REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2023–2028 (THOUSAND UNITS) 175

TABLE 156         REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2018–2022 (USD MILLION)          175

TABLE 157         REGENERATIVE BRAKE SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2023–2028 (USD MILLION)          175

13.2       BATTERY ELECTRIC VEHICLES (BEVS)  175

13.2.1    ATTRACTIVE GOVERNMENT INITIATIVES AND STRINGENT EMISSION STANDARDS TO DRIVE MARKET            175

TABLE 158         BATTERY ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)  176

TABLE 159         BATTERY ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)  176

TABLE 160         BATTERY ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)           176

TABLE 161         BATTERY ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)           177

13.3       PLUG-IN HYBRID ELECTRIC VEHICLES (PHEVS)             177

13.3.1    GROWING PHEV SALES DUE TO STRINGENT EMISSION STANDARDS TO DRIVE MARKET       177

TABLE 162         PLUG-IN HYBRID ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)  177

TABLE 163         PLUG-IN HYBRID ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)  178

TABLE 164         PLUG-IN HYBRID ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)           178

TABLE 165         PLUG-IN HYBRID ELECTRIC VEHICLES: REGENERATIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)           178

14          ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION    179

14.1       INTRODUCTION            180

14.1.1    INDUSTRY INSIGHTS    180

FIGURE 44         ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2023 VS. 2028 (USD MILLION)     180

TABLE 166         ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS) 181

TABLE 167         ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS) 181

TABLE 168         ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION)          181

TABLE 169         ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)          182

15          AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION     183

15.1       INTRODUCTION            184

15.1.1    INDUSTRY INSIGHTS    184

FIGURE 45         AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2022 VS. 2028 (USD MILLION)     185

TABLE 170         AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (THOUSAND UNITS)     185

TABLE 171         AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (THOUSAND UNITS)     185

TABLE 172         AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2018–2022 (USD MILLION) 186

TABLE 173         AUTOMOTIVE BRAKE SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION) 186

15.2       ASIA PACIFIC    187

15.2.1    RECESSION IMPACT      187

FIGURE 46         ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET SNAPSHOT        188

TABLE 174         ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)         188

TABLE 175         ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)         189

TABLE 176         ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    189

TABLE 177         ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    189

15.2.2    CHINA  190

15.2.2.1 Growing vehicle production to drive market   190

TABLE 178         CHINA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    190

TABLE 179         CHINA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    190

TABLE 180         CHINA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             191

TABLE 181         CHINA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2023–2028 (USD MILLION)             191

15.2.3    INDIA   191

15.2.3.1 Stringency in safety standards to drive market             191

TABLE 182         INDIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    192

TABLE 183         INDIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    192

TABLE 184         INDIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             192

TABLE 185         INDIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             192

15.2.4    JAPAN  193

15.2.4.1 Rising penetration of automatic braking systems to drive market             193

TABLE 186         JAPAN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    193

TABLE 187         JAPAN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    193

TABLE 188         JAPAN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             193

TABLE 189         JAPAN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             194

15.2.5    SOUTH KOREA 194

15.2.5.1 Government mandates for implementation of advanced brake systems to drive market   194

TABLE 190         SOUTH KOREA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)     194

TABLE 191         SOUTH KOREA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)     195

TABLE 192         SOUTH KOREA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION) 195

TABLE 193         SOUTH KOREA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION) 195

15.2.6    REST OF ASIA PACIFIC  195

TABLE 194        REST OF ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)             196

TABLE 195        REST OF ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)             196

TABLE 196        REST OF ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)        196

TABLE 197        REST OF ASIA PACIFIC: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)        196

15.3       EUROPE             197

15.3.1    RECESSION IMPACT      197

FIGURE 47         EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023 VS. 2028             198

TABLE 198         EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)         198

TABLE 199         EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)         198

TABLE 200         EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    199

TABLE 201         EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    199

15.3.2    GERMANY         199

15.3.2.1 Implementation of advanced emergency braking systems as standard fitment to drive market        199

TABLE 202         GERMANY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    200

TABLE 203         GERMANY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    200

TABLE 204         GERMANY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             200

TABLE 205         GERMANY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             201

15.3.3    FRANCE             201

15.3.3.1 Increasing penetration of disc brakes to drive market   201

TABLE 206         FRANCE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    201

TABLE 207         FRANCE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    202

TABLE 208         FRANCE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             202

TABLE 209         FRANCE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             202

15.3.4    SPAIN   202

15.3.4.1 Implementation of AEB in passenger cars to drive market          202

TABLE 210         SPAIN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    203

TABLE 211         SPAIN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    203

TABLE 212         SPAIN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             203

TABLE 213         SPAIN: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             203

15.3.5    ITALY   204

15.3.5.1 Regulations mandating AEB to drive market  204

TABLE 214         ITALY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    204

TABLE 215         ITALY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    204

TABLE 216         ITALY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             204

TABLE 217         ITALY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             205

15.3.6    UK         205

15.3.6.1 Increasing adoption of ABS and ESC to drive market   205

TABLE 218         UK: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS) 205

TABLE 219         UK: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS) 206

TABLE 220         UK: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)          206

TABLE 221         UK: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)          206

15.3.7    REST OF EUROPE           206

TABLE 222         REST OF EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)     207

TABLE 223         REST OF EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)     207

TABLE 224         REST OF EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION) 207

TABLE 225         REST OF EUROPE: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION) 207

15.4       NORTH AMERICA          208

15.4.1    RECESSION IMPACT      208

FIGURE 48         NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET SNAPSHOT        209

TABLE 226         NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)         209

TABLE 227         NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)         210

TABLE 228         NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    210

TABLE 229         NORTH AMERICA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    210

15.4.2    US         211

15.4.2.1 Regulations to reduce stopping distance in commercial vehicles to drive market              211

TABLE 230         US: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS) 211

TABLE 231         US: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS) 211

TABLE 232         US: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)          212

TABLE 233         US: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)          212

15.4.3    CANADA            212

15.4.3.1 Mandatory features like ABS and ESC to drive market 212

TABLE 234         CANADA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    213

TABLE 235         CANADA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    213

TABLE 236         CANADA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             213

TABLE 237         CANADA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             213

15.4.4    MEXICO             214

15.4.4.1 Free trade agreements promoting domestic production of brake system components to drive market             214

TABLE 238         MEXICO: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    214

TABLE 239         MEXICO: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    214

TABLE 240         MEXICO: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             215

TABLE 241         MEXICO: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             215

15.5       REST OF THE WORLD   215

15.5.1    RECESSION IMPACT      215

FIGURE 49         REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023 VS. 2028 (USD MILLION)       216

TABLE 242         REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (THOUSAND UNITS)   216

TABLE 243         REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (THOUSAND UNITS)   217

TABLE 244         REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2018–2022 (USD MILLION)            217

TABLE 245         REST OF THE WORLD: AUTOMOTIVE BRAKE SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)            217

15.5.2    BRAZIL 218

15.5.2.1 Setting up of local plants for brake system components to drive market    218

TABLE 246         BRAZIL: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    218

TABLE 247         BRAZIL: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    218

TABLE 248         BRAZIL: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             218

TABLE 249         BRAZIL: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             219

15.5.3    TURKEY             219

15.5.3.1 Low manufacturing and labor costs to drive market     219

TABLE 250         TURKEY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    219

TABLE 251         TURKEY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    219

TABLE 252         TURKEY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             220

TABLE 253         TURKEY: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             220

15.5.4    RUSSIA 220

15.5.4.1 Increasing adoption of disc brakes in LCVs to drive market        220

TABLE 254         RUSSIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    221

TABLE 255         RUSSIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    221

TABLE 256         RUSSIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             221

TABLE 257         RUSSIA: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             221

15.5.5    OTHERS             222

TABLE 258         OTHERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (THOUSAND UNITS)    222

TABLE 259         OTHERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (THOUSAND UNITS)    222

TABLE 260         OTHERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018–2022 (USD MILLION)             222

TABLE 261         OTHERS: AUTOMOTIVE BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2023–2028 (USD MILLION)             223

16          RECOMMENDATIONS BY MARKETSANDMARKETS         224

16.1       ASIA PACIFIC: POTENTIAL MARKET FOR AUTOMOTIVE BRAKE SYSTEMS           224

16.2       BRAKE SUPPLIERS SHOULD FOCUS ON DISC BRAKES    224

16.3       GROWING DEMAND FOR HYDRAULIC WET BRAKES IN AGRICULTURAL TRACTORS      225

16.4       CONCLUSION   225

17          COMPETITIVE LANDSCAPE       226

17.1       OVERVIEW        226

17.2       MARKET SHARE ANALYSIS, 2022             226

TABLE 262         AUTOMOTIVE BRAKE SYSTEM MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2022            226

FIGURE 50         AUTOMOTIVE BRAKE SYSTEM MARKET SHARE ANALYSIS OF LEADING PLAYERS, 2022            227

17.2.1    DISC BRAKE CALIPERS 227

TABLE 263         LIST OF DISC BRAKE CALIPER SUPPLIERS          227

TABLE 264         REGIONAL/COUNTRY WISE LIST OF TOP DISC BRAKE CALIPER SUPPLIERS        228

17.2.2    DISC BRAKE PADS         229

TABLE 265         LIST OF DISC BRAKE PAD SUPPLIERS    229

TABLE 266         REGIONAL/COUNTRY WISE LIST OF TOP DISC BRAKE PAD SUPPLIERS        229

17.2.3    BRAKE MASTER CYLINDERS      230

TABLE 267         LIST OF BRAKE MASTER CYLINDER SUPPLIERS 230

TABLE 268         REGIONAL/COUNTRY WISE LIST OF TOP MASTER CYLINDER SUPPLIERS        230

17.3       REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 231

FIGURE 51         TOP PUBLIC/LISTED PLAYERS DOMINATING AUTOMOTIVE BRAKE SYSTEM MARKET DURING LAST 3 YEARS             231

17.4       COMPANY EVALUATION MATRIX: BRAKE SYSTEM MANUFACTURERS              233

17.4.1    STARS  233

17.4.2    EMERGING LEADERS    233

17.4.3    PERVASIVE PLAYERS     233

17.4.4    PARTICIPANTS 233

17.4.5    COMPANY FOOTPRINT 234

FIGURE 52         COMPETITIVE EVALUATION MATRIX: AUTOMOTIVE BRAKE SYSTEM MANUFACTURERS, 2022            234

TABLE 269         AUTOMOTIVE BRAKE SYSTEM MARKET: COMPANY PRODUCT FOOTPRINT, 2022          235

TABLE 270         BRAKE SYSTEM MARKET: COMPANY APPLICATION FOOTPRINT, 2022          236

TABLE 271         BRAKE SYSTEM MARKET: COMPANY REGION FOOTPRINT, 2022      237

17.5       COMPANY EVALUATION MATRIX: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS        238

17.5.1    STARS  238

17.5.2    EMERGING LEADERS    238

17.5.3    PERVASIVE PLAYERS     238

17.5.4    PARTICIPANTS 238

17.5.5    COMPANY FOOTPRINT 239

TABLE 272         OFF-HIGHWAY BRAKE SYSTEM MARKET: COMPANY PRODUCT FOOTPRINT, 2022          239

TABLE 273         OFF-HIGHWAY BRAKE SYSTEM MARKET: COMPANY APPLICATION FOOTPRINT, 2022            239

TABLE 274         OFF-HIGHWAY BRAKE SYSTEM MARKET: COMPANY REGION FOOTPRINT, 2022          240

FIGURE 53         COMPETITIVE EVALUATION MATRIX: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS, 2022            241

17.6       COMPETITIVE SCENARIO          242

17.6.1    PRODUCT LAUNCHES  242

TABLE 275         PRODUCT LAUNCHES, 2020–2023           242

17.6.2    DEALS  245

TABLE 276         DEALS, 2019–2023           245

17.6.3    OTHERS             248

TABLE 277         OTHERS, 2018–2023        248

17.7       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018–2022     250

TABLE 278         COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSIONS AS KEY GROWTH STRATEGIES, 2018–2022 250

18          COMPANY PROFILES    252

(Business overview, Products offered, Recent developments & MnM View)*

18.1       KEY PLAYERS   252

18.1.1    CONTINENTAL AG        252

TABLE 279         CONTINENTAL AG: COMPANY OVERVIEW         252

FIGURE 54         CONTINENTAL AG: COMPANY SNAPSHOT        253

TABLE 280         CONTINENTAL AG: PRODUCTS OFFERED          253

TABLE 281         CONTINENTAL AG: PRODUCT LAUNCHES         254

TABLE 282         CONTINENTAL AG: DEALS        255

TABLE 283         CONTINENTAL AG: EXPANSIONS           256

18.1.2    ROBERT BOSCH GMBH 258

TABLE 284         ROBERT BOSCH GMBH: COMPANY OVERVIEW 258

FIGURE 55         ROBERT BOSCH GMBH: COMPANY SNAPSHOT 259

TABLE 285         ROBERT BOSCH GMBH: PRODUCTS OFFERED  259

TABLE 286         ROBERT BOSCH GMBH: PRODUCT LAUNCHES 260

TABLE 287         ROBERT BOSCH GMBH: DEALS 261

TABLE 288         ROBERT BOSCH GMBH: EXPANSIONS   261

18.1.3    ZF FRIEDRICHSHAFEN AG         263

TABLE 289         ZF FRIEDRICHSHAFEN AG: COMPANY OVERVIEW          263

FIGURE 56         ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT          264

TABLE 290         ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED           264

TABLE 291         ZF FRIEDRICHSHAFEN AG: PRODUCT LAUNCHES          266

TABLE 292         ZF FRIEDRICHSHAFEN AG: DEALS          268

TABLE 293         ZF FRIEDRICHSHAFEN AG: EXPANSIONS            269

18.1.4    AKEBONO BRAKE INDUSTRY CO., LTD. 271

TABLE 294         AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY OVERVIEW              271

FIGURE 57         AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY SNAPSHOT              272

TABLE 295         AKEBONO BRAKE INDUSTRY CO., LTD.: PRODUCT OFFERED              272

TABLE 296         AKEBONO BRAKE INDUSTRY CO., LTD.: PRODUCT LAUNCHES              273

18.1.5    BREMBO S.P.A. 274

TABLE 297         BREMBO S.P.A.: COMPANY OVERVIEW  274

FIGURE 58         BREMBO S.P.A.: COMPANY SNAPSHOT  275

TABLE 298         BREMBO S.P.A.: PRODUCTS OFFERED   275

TABLE 299         BREMBO S.P.A.: PRODUCT LAUNCHES  276

TABLE 300         BREMBO S.P.A.: DEALS 277

TABLE 301         BREMBO S.P.A.: EXPANSIONS    278

18.1.6    AISIN SEIKI CO., LTD.    280

TABLE 302         AISIN SEIKI CO., LTD.: COMPANY OVERVIEW    280

FIGURE 59         AISIN SEIKI CO., LTD.: COMPANY SNAPSHOT    281

TABLE 303         AISIN SEIKI CO., LTD.: PRODUCTS OFFERED     282

TABLE 304         AISIN SEIKI CO., LTD.: PRODUCT LAUNCHES    282

TABLE 305         AISIN SEIKI CO., LTD.: DEALS    283

18.1.7    HITACHI ASTEMO LTD. 284

TABLE 306         HITACHI ASTEMO LTD.: COMPANY OVERVIEW 284

FIGURE 60         HITACHI ASTEMO LTD.: COMPANY SNAPSHOT 285

TABLE 307         HITACHI ASTEMO LTD.: PRODUCTS OFFERED 286

TABLE 308         HITACHI ASTEMO LTD.: DEALS 287

18.1.8    KNORR-BREMSE AG      288

TABLE 309         KNORR-BREMSE AG: COMPANY OVERVIEW       288

FIGURE 61         KNORR-BREMSE AG: COMPANY SNAPSHOT       289

TABLE 310         KNORR-BREMSE AG: PRODUCTS OFFERED        289

TABLE 311         KNORR-BREMSE AG: PRODUCT LAUNCHES       291

TABLE 312         KNORR-BREMSE AG: DEALS      291

TABLE 313         KNORR-BREMSE AG: EXPANSIONS         292

18.1.9    HALDEX AB       293

TABLE 314         HALDEX AB: COMPANY OVERVIEW       293

FIGURE 62         HALDEX AB: COMPANY SNAPSHOT       294

TABLE 315         HALDEX AB: PRODUCTS OFFERED        294

TABLE 316         HALDEX AB: PRODUCT LAUNCHES       296

TABLE 317         HALDEX AB: DEALS       296

18.1.10  DENSO CORPORATION 298

TABLE 318         DENSO CORPORATION: COMPANY OVERVIEW 298

FIGURE 63         DENSO CORPORATION: COMPANY SNAPSHOT 298

TABLE 319         DENSO CORPORATION: PRODUCTS OFFERED  299

*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.

18.2       OTHER PLAYERS           300

18.2.1    MANDO CORPORATION             300

TABLE 320         MANDO CORPORATION: COMPANY OVERVIEW             300

18.2.2    HYUNDAI MOBIS CO., LTD.       301

TABLE 321         HYUNDAI MOBIS CO., LTD.: COMPANY OVERVIEW        301

18.2.3    WUHAN YOUFIN AUTO PARTS CO., LTD.            302

TABLE 322         WUHAN YOUFIN AUTO PARTS CO., LTD.: COMPANY OVERVIEW        302

18.2.4    BETHEL AUTOMOTIVE SAFETY SYSTEM CO., LTD. (WBTL)        303

TABLE 323         BETHEL AUTOMOTIVE SAFETY SYSTEM CO., LTD. (WBTL): COMPANY OVERVIEW  303

18.2.5    BERINGER         304

TABLE 324         BERINGER: COMPANY OVERVIEW          304

18.2.6    EBC BRAKES     305

TABLE 325         EBC BRAKES: COMPANY OVERVIEW      305

18.2.7    NIFO SRL           306

TABLE 326         NIFO SRL: COMPANY OVERVIEW            306

18.2.8    BWI GROUP      307

TABLE 327         BWI GROUP: COMPANY OVERVIEW       307

18.2.9    MERITOR, INC. 308

TABLE 328         MERITOR, INC.: COMPANY OVERVIEW  308

18.2.10  BRAKE PARTS INC. LLC 309

TABLE 329         BRAKE PARTS INC. LLC: COMPANY OVERVIEW 309

18.2.11  BLUDOT MANUFACTURING     310

TABLE 330         BLUDOT MANUFACTURING: COMPANY OVERVIEW      310

18.2.12  SILVERBACKHD             311

TABLE 331         SILVERBACKHD: COMPANY OVERVIEW 311

18.2.13  METELLI S.P.A. 312

TABLE 332         METELLI S.P.A.: COMPANY OVERVIEW  312

18.2.14  ADVICS CO., LTD.          313

TABLE 333         ADVICS CO., LTD.: COMPANY OVERVIEW           313

18.2.15  KNOTT BRAKES             314

TABLE 334         KNOTT BRAKES: COMPANY OVERVIEW 314

18.2.16  CARLISLE BRAKE & FRICTION   315

TABLE 335         CARLISLE BRAKE & FRICTION: COMPANY OVERVIEW    315

19          APPENDIX         316

19.1       INSIGHTS FROM INDUSTRY EXPERTS   316

19.2       DISCUSSION GUIDE      316

TABLE 336         OTHER DEVELOPMENTS: PRODUCT LAUNCHES, 2018–2021              320

TABLE 337         OTHER DEVELOPMENTS: DEALS, 2018–2021      321

19.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             323

19.4       CUSTOMIZATION OPTIONS      325

19.4.1    ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY BRAKE TYPE              325

19.4.1.1 Disc Brakes          325

19.4.1.2 Drum Brakes       325

19.4.2    AUTOMOTIVE HYDRAULIC DISC BRAKE SYSTEM MARKET, BY REGION              325

19.4.2.1 Asia Pacific          325

19.4.2.2 Europe  325

19.4.2.3 North America     325

19.4.2.4 Rest of the World 325

19.4.3    HYDRAULIC DRUM BRAKE SYSTEM MARKET, BY REGION           325

19.4.3.1 Asia Pacific          325

19.4.3.2 Europe  325

19.4.3.3 North America     325

19.4.3.4 Rest of the World 325

19.4.4    PNEUMATIC DRUM BRAKE SYSTEM MARKET, BY REGION          325

19.4.4.1 Asia Pacific          325

19.4.4.2 Europe  325

19.4.4.3 North America     325

19.4.4.4 Rest of the World 325

19.4.5    PNEUMATIC DISC BRAKE SYSTEM MARKET, BY REGION             325

19.4.5.1 Asia Pacific          325

19.4.5.2 Europe  325

19.4.5.3 North America     325

19.4.5.4 Rest of the World 325

19.5       RELATED REPORTS       326

19.6       AUTHOR DETAILS         327