Automotive Braking Component Market by Component Type, Distribution

Description

List of Tables

The Automotive Braking Component Market was valued at USD 57.75 billion in 2023, expected to reach USD 61.88 billion in 2024, and is projected to grow at a CAGR of 7.23%, to USD 94.18 billion by 2030.

The scope of the automotive braking component market involves components such as brake pads, rotors, calipers, discs, and drums, essential for vehicle safety and performance. This market's growth stems from the necessity to enhance vehicle safety standards, meet regulatory requirements, and cater to the rising demand for high-performance vehicles. These components are applied across various vehicle types, from passenger cars to commercial vehicles, covering applications in both electric and traditional combustion vehicles. The end-use scope expands to OEMs (Original Equipment Manufacturers) and the aftermarket sector, with innovation driven by advancements in electric vehicles and autonomous driving technologies. Key growth factors influencing this market include technological advancements, increasing urbanization leading to higher vehicle ownership, and a surge in automobile production globally. The demand for lightweight and durable components to improve fuel efficiency presents additional opportunities for growth. However, limitations such as fluctuating raw material costs, stringent government regulations, and the high cost of advanced braking systems pose challenges. Additionally, the shift towards electric vehicles, which require different braking systems compared to traditional vehicles, adds complexity to market dynamics. Innovations and research should focus on developing eco-friendly and lightweight materials, advanced electronic braking systems, and integration with autonomous vehicle technologies. Moreover, exploring sensor-based technologies for predictive maintenance could offer beneficial insights. The market is heavily competitive, with significant players investing in R&D to offer differentiated products and maintain a competitive edge. Collaborations and partnerships between automotive manufacturers and technology firms could provide strategic opportunities to expand product portfolios and enhance technological capabilities. To maximize growth, businesses should focus on strategic geographic expansions, particularly in emerging economies, where vehicle demand is rising, and tailor their offerings to meet specific regional regulatory and consumer preferences.

KEY MARKET STATISTICS
Base Year [2023]	USD 57.75 billion
Estimated Year [2024]	USD 61.88 billion
Forecast Year [2030]	USD 94.18 billion
CAGR (%)	7.23%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Automotive Braking Component Market

The Automotive Braking Component Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing demand and production of passenger vehicles
- Favorable government initiatives to increase vehicle safety
- Growing adoption of generative braking and ABS
Market Restraints
- High capital required for commercialization
Market Opportunities
- Advancements in the development of eco-friendly technology
- Increasing manufacturers demand to reduce the weight of the vehicle
Market Challenges
- Harmful raw materials used in the manufacturing of braking components

Porter's Five Forces: A Strategic Tool for Navigating the Automotive Braking Component Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automotive Braking Component Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Automotive Braking Component Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automotive Braking Component Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Automotive Braking Component Market

A detailed market share analysis in the Automotive Braking Component Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Automotive Braking Component Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automotive Braking Component Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Automotive Braking Component Market

A strategic analysis of the Automotive Braking Component Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Automotive Braking Component Market, highlighting leading vendors and their innovative profiles. These include ADVICS CO.,LTD., AISIN Seiki Co., Ltd., Akebono Brake Industry Co., Ltd., AMS Automotive, Brembo S.p.A., DAKO CZ, Fujitsu Ten Ltd., Hitachi Astemo, Ltd., Hosei Brake Industry Co. Ltd., LMB Corporate, Robert Bosch GmbH, Schaeffler AG, Tenneco Inc., Valeo S.A., and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Automotive Braking Component Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Component Type, market is studied across Brake Caliper, Brake Pads, and Brake Rotor.
Based on Distribution, market is studied across Aftermarket and Original Equipment Manufacturer.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-431A494C2C6D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand and production of passenger vehicles
  - 5.1.1.2. Favorable government initiatives to increase vehicle safety
  - 5.1.1.3. Growing adoption of generative braking and ABS
- 5.1.2. Restraints
  - 5.1.2.1. High capital required for commercialization
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in the development of eco-friendly technology
  - 5.1.3.2. Increasing manufacturers demand to reduce the weight of the vehicle
- 5.1.4. Challenges
  - 5.1.4.1. Harmful raw materials used in the manufacturing of braking components
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Automotive Braking Component Market, by Component Type

6.1. Introduction
6.2. Brake Caliper
6.3. Brake Pads
6.4. Brake Rotor

7. Automotive Braking Component Market, by Distribution

7.1. Introduction
7.2. Aftermarket
7.3. Original Equipment Manufacturer

8. Americas Automotive Braking Component Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Automotive Braking Component Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Automotive Braking Component Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ADVICS CO.,LTD.
2. AISIN Seiki Co., Ltd.
3. Akebono Brake Industry Co., Ltd.
4. AMS Automotive
5. Brembo S.p.A.
6. DAKO CZ
7. Fujitsu Ten Ltd.
8. Hitachi Astemo, Ltd.
9. Hosei Brake Industry Co. Ltd.
10. LMB Corporate
11. Robert Bosch GmbH
12. Schaeffler AG
13. Tenneco Inc.
14. Valeo S.A.
15. ZF Friedrichshafen AG