PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1481333
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1481333
Automotive Braking Component Market Size - By Component (Brake Caliper, Brake Shoe, Brake Line, Brake Pad, Brake Rotor Material), By Sales Channel (OEM, Aftermarket), By Vehicle (Passenger Vehicles, Light Commercial Vehicles) & Forecast, 2024 - 2032
Automotive braking component market size is expected to record over 4% CAGR between 2024 and 2032, driven by stringent safety regulations and the growing emphasis on vehicle safety features. Governments worldwide are mandating the integration of safety technologies, such as anti-lock braking systems (ABS) and electronic stability control (ESC), propelling the demand for high-quality braking components. For example, in May 2023, Hero MotoCorp's adventure tourer, the XPulse 200 4V launched motorcycle equipped with three new switchable ABS modes. The increasing production of vehicles globally coupled with the rising vehicle ownership rates is also boosting the need for reliable braking systems.
Moreover, technological advancements in braking systems, such as the development of regenerative braking and autonomous emergency braking (AEB), are further driving market growth for improving fuel efficiency and reducing emissions by converting kinetic energy into electrical energy during braking. The rising need for AEB systems to enhance vehicle safety by automatically applying the brakes to prevent collisions or mitigate their severity will also favor the market growth.
The automotive braking component industry is classified into component, sales channel, vehicle, and region.
By component, the market size from the brake shoe segment is expected to witness substantial growth through 2032, attributed to their durability and reliability. Owing to their robust construction and ability to withstand high temperatures and heavy loads, brake shoes are recording widespread adoption in demanding operating conditions. Additionally, the cost-effectiveness of brake shoes compared to other braking components, such as brake pads appeals to vehicle owners and fleet operators seeking affordable maintenance solutions.
Based on vehicle, the automotive braking component market from the light commercial vehicles segment is slated to generate notable revenue during 2024-2032, favored by the increasing demand for last-mile delivery services and urban logistics. With the rising e-commerce sector and the growing consumer expectations for fast and efficient delivery, the demand for LCVs equipped with reliable braking systems is on the rise. Additionally, stringent safety regulations mandating the integration of advanced braking technologies in commercial vehicles will further stimulate the segment growth.
Europe automotive braking component market size will record a notable growth rate through 2032, attributed to stringent safety regulations mandated by European authorities. With a strong emphasis on vehicle safety standards, European consumers are prioritizing vehicles equipped with reliable braking components. Additionally, the robust automotive industry, characterized by the presence of leading OEMs and a mature aftermarket sector will foster the regional industry growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Manufacturers
- 3.2.3 Technology providers
- 3.2.4 System integrators
- 3.2.5 Distributors
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising demand for safer vehicles
- 3.8.1.2 Increasing global vehicle production
- 3.8.1.3 Technological advancements in braking systems
- 3.8.1.4 Supportive government regulations
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High research & development costs
- 3.8.2.2 Intense competition
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier vehicle
- 3.10.2 Buyer vehicle
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component 2018 - 2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Brake caliper
- 5.2.1 Floating calipers
- 5.2.2 Fixed calipers
- 5.3 Brake Shoe
- 5.3.1 Leading
- 5.3.2 Semi-trailing
- 5.4 Brake Line
- 5.4.1 Rubber
- 5.4.2 Stainless steel
- 5.5 Brake Pad
- 5.5.1 Metal
- 5.5.2 Ceramic
- 5.5.3 Organic
- 5.6 Brake Rotor Material
- 5.6.1 Cast iron
- 5.6.2 Carbon ceramic
- 5.7 Others
Chapter 6 Market Estimates & Forecast, By Sales Channel, 2018 - 2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 OEM
- 6.3 Aftermarket
Chapter 7 Market Estimates & Forecast, By Vehicle, 2018 - 2032 ($Bn, Units)
- 7.1 Key trends
- 7.2 Passenger vehicles
- 7.3 Light commercial vehicles
Chapter 8 Market Estimates & Forecast, By Region, 2018 - 2032 ($Bn, Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Russia
- 8.3.7 Nordics
- 8.3.8 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Southeast Asia
- 8.4.7 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Aisin Seiki Co, Ltd.
- 9.2 Akebono Brake Corporation
- 9.3 American Axle & Manufacturing Inc.
- 9.4 Brembo S.p.A
- 9.5 Continental AG
- 9.6 EXEDY Globalparts Corporation
- 9.7 Federal-Mogul Holdings LLC
- 9.8 Hitachi Astemo Ltd.
- 9.9 JMT Auto Limited
- 9.10 Knorr-Bremse AG
- 9.11 Lavacast
- 9.12 Linamar Corporation
- 9.13 LMB Euroseals (PTY) LTD
- 9.14 Mando Corporation
- 9.15 Robert Bosch GmbH
- 9.16 Schaeffler AG
- 9.17 Tilton Engineering
- 9.18 Valeo
- 9.19 Wabco Holdings Inc.
- 9.20 ZF Friedrichshafen AG
