Automotive Brake System Market Size To Scale USD 53.93 Bn By 2034, Says Industry Experts

(MENAFN- GlobeNewsWire - Nasdaq) According to Towards Automotive consultants, the global automotive brake system market size to rise from USD 33.35 billion in 2025 to attain USD 53.93 billion by 2034, growing at a CAGR of 5.71% from 2024 to 2034.

Ottawa, April 16, 2025 (GLOBE NEWSWIRE) -- The global automotive brake system market size was valued at USD 31.25 billion in 2024 and is predicted to gain USD 53.93 billion by 2034, a study published by Towards Automotive a sister firm of Precedence Research.

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Market Overview:

The global automotive brake system market is witnessing rapid growth due to the rising demand for improved vehicle safety and advancements in braking technology. Growing consumer awareness about vehicle safety, along with strict regulations from governments and automotive safety organizations, has accelerated the adoption of cutting-edge braking technologies, including anti-lock braking systems (ABS), electronic brake-force distribution (EBD), and electronic stability control (ESC).

The rising trend of electric and hybrid vehicles has spurred innovations like regenerative braking systems, enhancing energy efficiency while providing reliable performance. Automakers are increasingly investing in brake-by-wire solutions and smart braking technologies to keep pace with the development of autonomous driving technologies. The global increase in vehicle production and the expanding aftermarket for brake components are also contributing to the overall market growth. These combined factors set the stage for continuous growth in the automotive brake system market during the forecast period, with widespread adoption seen across all vehicle types.

Major Trends in the Automotive Brake System Market:

• Incorporation of Enhanced Driver Support Systems (ADAS): Brake systems are being increasingly integrated with ADAS features such as automatic emergency braking and electronic stability control, improving vehicle safety and meeting strict regulatory requirements.
• Implementation of Regenerative Braking in Electric Cars: The growth of electric vehicles has facilitated the implementation of regenerative braking systems that recover kinetic energy during deceleration, thus enhancing energy efficiency and prolonging vehicle range.
• Advancement of Brake-by-Wire Technology: Manufacturers are making strides in brake-by-wire systems that replace traditional hydraulic elements with electronic controls, providing precise braking responses and enabling compatibility with autonomous driving technologies.
  

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Limitations & Challenges in Automotive Brake System Market:

• Elevated Expenses Associated with Advanced Brake Technologies: The incorporation of advanced brake systems such as brake-by-wire and regenerative braking significantly raises vehicle production costs, hindering adoption in affordable and entry-level vehicle categories within price-sensitive markets.
• Complications in System Integration: Integrating modern brake systems with electronic control units (ECUs) and advanced driver assistance systems (ADAS) necessitates intricate calibration and software integration, posing challenges related to development time, testing, and reliability assurance for manufacturers.
• Challenges in Maintenance and Repair: Advanced braking systems are more intricate and need specialized diagnostics and trained personnel, increasing aftermarket service costs and presenting maintenance challenges, especially in developing regions with limited infrastructure.
  

Future Growth Prospects

The greatest potential in the automotive brake system market is in the swift adoption of electric and autonomous vehicles, which require highly efficient, responsive, and smart braking solutions. As consumers and governments advocate enhanced safety and sustainability, there is a significant opportunity for companies to innovate in areas like regenerative braking, brake-by-wire systems, and integrated electronic stability technologies. Additionally, the increasing vehicle production in emerging economies and the growing demand for performance and luxury vehicles with top-tier braking capabilities are propelling market growth. This progression allows manufacturers ample opportunity to diversify their offerings with state-of-the-art brake technologies.

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Regional Analysis:

What to Expect from Asia Pacific Countries till 2034?

Asia Pacific dominated the automotive brake system market with the largest share in 2024. This is mainly due to its strong automotive manufacturing base and the presence of major automakers in nations like China, Japan, and South Korea. The growing demand for both passenger and commercial vehicles , alongside heightened safety regulations and government requirements for advanced braking technologies, has greatly stimulated market expansion. Rapid urbanization, improved road infrastructure, and a rising middle class with increased disposable incomes are driving vehicle sales, thus enhancing the need for automotive brake systems. Ongoing investments in automotive innovation and the increasing adoption of electric vehicles further reinforce this region's dominance .

Top Asia Pacific Countries for Automotive Brake System Production

• China: China stands out in the region due to its vast vehicle manufacturing, increasing electric vehicle adoption, and strong internal demand. Its extensive manufacturing network facilitates the widespread implementation of advanced automotive brake systems.
• Japan: Japan's prominence in automotive innovation and precision engineering fosters significant demand for high-performance braking systems. Original Equipment Manufacturers (OEMs) emphasize safety and efficiency, positioning Japan as an important player in market growth.
• India: India's swiftly growing automotive sector, driven by urbanization and the rising income of the middle class, is boosting the need for dependable brake systems. Government initiatives aimed at safety further advance the uptake of brake technologies across different vehicle types.
  

North America to Boom Rapidly

North America is projected to be the fastest-growing market for automotive brake systems during the forecast period. The market growth in the region can be attributed to the rising adoption of advanced vehicle safety features and a growing preference for technologically advanced vehicles. The region's established automotive industry, along with a solid presence of leading OEMs and Tier 1 suppliers, drives innovation and investment in braking technologies.

Major Factors for the Market's Expansion in North America:

• Government requirements regarding vehicle safety standards, including mandatory installation of ABS and ESC systems , are significantly increasing the demand for advanced automotive brake systems in North America.
• The swift growth in sales of electric and hybrid vehicles is propelling the demand for regenerative braking systems, thereby supporting the overall expansion of the brake system market in the region.
• The presence of major automotive manufacturers and suppliers investing in cutting-edge braking technologies is fostering market growth and enabling quicker deployment of next-generation brake systems in North America.
• Increased consumer awareness regarding vehicle safety and performance is accelerating the integration of systems like Anti-lock Braking Systems (ABS), Electronic Stability Control (ESC), and regenerative braking. Furthermore, the increasing presence of electric and hybrid vehicles in the U.S. and Canada is boosting the demand for modern, efficient braking solutions throughout the region.

Segment Outlook

Type Insights

The disc brakes segment dominated the automotive brake system market with the largest share in 2024 due to their excellent stopping power, effective heat dissipation, and reliable performance across varied driving conditions. Commonly used in passenger cars and performance vehicles, automotive disc brakes provide enhanced safety and dependability . Their adoption is increasing across diverse vehicle categories. Technological advances in braking systems have played a considerable role in the segment's growth.

The drum brakes segment is projected to grow at a notable CAGR during the forecast period because of their affordability, durability, and suitability for smaller vehicles as well as rear-wheel braking applications. They are particularly favored in developing markets where cost is a significant consideration. With ongoing advancements to enhance performance and decrease weight, drum brakes are regaining interest, especially in electric and light commercial vehicles, contributing to segmental growth.

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Vehicle Type Insights

The passenger cars segment dominated the market with the largest share in 2024 due to the increased production of passenger vehicles globally and the increasing safety concerns among vehicle owners. As car manufacturers incorporate advanced brake technologies such as ABS, ESC, and regenerative braking into mainstream passenger vehicles, the demand for dependable and efficient brake systems keeps growing.

The commercial vehicles segment is expected to expand at a significant growth rate during the forecast period. This is mainly due to the rising logistics and transportation demands in economies around the world. With a stronger focus on safety regulations and load management, advanced braking technologies like air disc brakes and electronic braking systems (EBS) are being widely embraced. Furthermore, fleet operators are investing in robust braking solutions to improve operational efficiency, safety, and compliance, which is significantly boosting the growth of this segment.

Technology Insights

The electronic stability control (ESC) segment dominated the automotive brake system market with the largest share in 2024. The segmental growth is driven by its essential safety feature in contemporary vehicles, helping maintain control during severe steering maneuvers or on slippery roads. As governments enforce regulations requiring the installation of ESC in both passenger and commercial vehicles, its adoption has significantly increased. Automakers are focusing on ESC due to its proven effectiveness in preventing accidents and rollovers, making it the leading and most widely utilized technology worldwide.

The traction control system (TCS) segment is likely to grow at the fastest rate during the forecast period due to the increasing demand for vehicles that provide better road grip and driving stability in adverse conditions. TCS aids in preventing wheel spin during acceleration, especially on wet or uneven surfaces. With more vehicles featuring advanced driver assistance systems (ADAS), traction control is becoming a standard element, which drives its proliferation. The rising focus on improving driver safety and ride comfort further supports the segment's growth.

Recent Breakthroughs in Global Automotive Brake System Market:

• In September 2024, Bosch introduced a new hand-controlled braking system on Robert Wickens' Hyundai Elantra N TC. This innovative system, created utilizing Bosch's existing electronic brake system module from the LMDh platform, includes a controls platform and display and claims to offer a more“robust” solution.
• In October 2023, Brembo S.p.A. unveiled the Greenance brake kit designed for light commercial vehicles. This kit boasts an 80% decrease in particulate emissions and achieves an optimal balance of efficiency and durability. It outperforms current aftermarket options three times over, featuring an 83% reduction in PM10 and an 80% reduction in PM2.5 particulate emissions.

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Key Players Operating in the Market

• AKEBONO BRAKE INDUSTRY CO., LTD.
• ZF Friedrichshafen AG
• ADVICS
• Hitachi Astemo, Ltd
• Brembo S.p.A,
• Robert Bosch GmbH
• AISIN CORPORATION
• Haldex
• The Web Co
• NISSIN KOGYO Co., Ltd.

Segments Covered in the Report

By Type

• Disc Brakes
• Drum Brakes

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Technology

• Anti-Lock Brake System (ABS)
• Traction Control System (TCS)
• Electronic Stability Control (ESC)
• Electronic Brake-Force Distribution (EBD)

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
  

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