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Market Research Report
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1020558

Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD), On & Off-Highway Vehicle(Passenger Car, LCV, HCV, Construction-Mining, Tractor), OHV Brake (Hydraulic Wet, Hydrostatic, Dynamic), Actuation and Region - Global Forecast to 2026

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Brake System Market by Type (Disc, Drum), Technology (ABS, ESC, TCS, EBD), On & Off-Highway Vehicle(Passenger Car, LCV, HCV, Construction-Mining, Tractor), OHV Brake (Hydraulic Wet, Hydrostatic, Dynamic), Actuation and Region - Global Forecast to 2026
Published: July 27, 2021
MarketsandMarkets
Content info: 213 Pages
Delivery time: 1-2 business days
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Description

The brake system market is projected to reach USD 26.5 billion by 2026 from an estimated USD 20.9 billion in 2021, at a CAGR of 4.9% during the forecast period. Various governments globally are implementing safety standards by making safety features such as ABS, ESC, TCS, and EBD a mandatory feature in vehicles. This has strongly driven the brake system market in developed as well developing countries. Also, growing popularity of high-end and luxury cars is boosting brake system market.

Countries such as India, China, Brazil, Mexico, Argentina are focusing on enhanced automotive safety standards. However, the high maintenance and repair cost can hinder market growth especially in developing countries.

"Disc brake segment is expected to be the largest market by brake type"

Disc brakes are found on most vehicles today. These brakes are mounted mainly on front-wheel axles, but nowadays, even rear wheels are equipped with disc brakes in Europe and North America. The reasons disc brakes are gaining popularity are that they are more efficient, provide better-stopping power, dissipate heat easily, self-adjust as friction material wears, and work effectively in wet conditions. Most of today's passenger cars are equipped with disc brakes on all four wheels in Europe and North America. This is mainly due to the advantages like high stopping power and strict regulations regarding vehicle safety. However, the penetration is quite low in Asia Pacific as disc brakes are quite expensive to repair and maintain. Also, presently, they are part of only premium and luxury cars in the region. But in the coming years, it is expected to gain momentum.

"Agricultural Tractors brake system market segment is expected to be the fastest"

Agricultural tractors are mostly equipped with brakes on rear axle. Four-wheel drive tractors are also equipped with brakes on rear axle. Wet disc brake type is used predominantly in agricultural tractors because of its better performance. Also, older tractor models in use are equipped with hydraulic single-line braking systems. The new tractors are equipped with dual-line braking systems. Dual-line hydraulic braking system allows to separate the normal braking system from the emergency braking system and is designed to stop the vehicle in the event of failure of the braking system. Pneumatic dual-line braking systems have long been used for heavy-duty vehicles and now have proved suitable for tractors with heavy machinery at speeds of 40 km/h and above. Thus, the growing adoption of advanced brake systems in tractors is expected to drive its brake market significantly in the coming years.

"Asia Pacific market is expected to register the highest growth during the forecast period"

The Asia Pacific brake system market is estimated to be the fastest-growing regional market. The growing adoption of advanced braking system technologies in China, Japan, South Korea, and India is expected to drive market growth in the region. China's passenger car production is expected to reach 24 million units by 2026, presenting a huge opportunity for brake system manufacturers globally as well as domestically. Not only passenger cars but trucks are also set to reach 2 million units by 2026. According to the European Transport Safety Council, the South Korean transport ministry announced that it requires all new large passenger vehicles and trucks to be fitted with AEB and LDW systems from January 2019. Also, ABS and ESC are already mandatory in passenger cars and LCVs. Thus, the implementation of government mandates is expected to drive the South Korean brake system market. Such factors would boost the growth of installation of advanced braking systems, which in turn would drive the growth of brake system market during the forecast period.

In-depth interviews were conducted with CEOs, vice-presidents, marketing directors, 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 - 20%, D Level - 30%, and Others - 50%
  • By Region: Asia Pacific- 40%, Europe - 30%, North America - 30%

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

Research Coverage:

The 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 brake and drum brake), technology (anti-lock braking system, traction control system, electronic stability control, and electronic brake-force distribution), off-highway application (agricultural tractor, construction equipment and mining equipment), off-highway brake type (hydrostatic brake, hydraulic wet brake, dynamic brake and others), and actuation (hydraulic and pneumatic).

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:

The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall brake system market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents
Product Code: AT 3016

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 OBJECTIVES OF THE STUDY
  • 1.2 MARKET DEFINITION
    • 1.2.1 INCLUSIONS & EXCLUSIONS
  • 1.3 MARKET SCOPE
    • FIGURE 1 BRAKE SYSTEM MARKET: MARKET SEGMENTATION
    • FIGURE 2 BRAKE SYSTEM MARKET: BY REGION
  • 1.4 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 3 RESEARCH DESIGN
    • FIGURE 4 RESEARCH METHODOLOGY MODEL
    • 2.1.1 SECONDARY DATA
      • 2.1.1.1 List of key secondary sources
      • 2.1.1.2 Key data from secondary sources
    • 2.1.2 PRIMARY DATA
    • FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, & REGION
      • 2.1.2.1 List of primary participants
  • 2.2 MARKET ESTIMATION METHODOLOGY
    • FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    • 2.2.1 BOTTOM-UP APPROACH
    • FIGURE 7 BRAKE SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (ON- & OFF-HIGHWAY AND REGION)
    • 2.2.2 TOP-DOWN APPROACH
    • FIGURE 8 BRAKE SYSTEM MARKET SIZE: TOP-DOWN APPROACH (BY ACTUATION)
  • 2.3 DATA TRIANGULATION
    • FIGURE 9 DATA TRIANGULATION METHODOLOGY
  • 2.4 RESEARCH ASSUMPTIONS
    • 2.4.1 GLOBAL ASSUMPTIONS
    • 2.4.2 MARKET ASSUMPTIONS
  • 2.5 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY

  • 3.1 PRE & POST COVID-19 SCENARIO
    • FIGURE 10 PRE- & POST-COVID-19 SCENARIO: BRAKE SYSTEM MARKET, 2019-2026 (USD MILLION)
    • TABLE 1 BRAKE SYSTEM MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2019-2026 (USD MILLION)
  • 3.2 REPORT SUMMARY
    • FIGURE 11 BRAKE SYSTEM MARKET: MARKET OUTLOOK
    • FIGURE 12 BRAKE SYSTEM MARKET, BY REGION, 2021 VS. 2026 (USD MILLION)

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES IN BRAKE SYSTEM MARKET
    • FIGURE 13 STRINGENT SAFETY STANDARDS AND POPULARITY OF DISC BRAKES TO DRIVE THE MARKET
  • 4.2 BRAKE SYSTEM MARKET, BY REGION
    • FIGURE 14 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
  • 4.3 BRAKE SYSTEM MARKET, BY TECHNOLOGY
    • FIGURE 15 ABS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2021
  • 4.4 BRAKE SYSTEM MARKET, BY VEHICLE TYPE
    • FIGURE 16 PASSENGER CAR SEGMENT TO LEAD BRAKE SYSTEM MARKET BY 2026
  • 4.5 BRAKE SYSTEM MARKET, BY BRAKE TYPE
    • FIGURE 17 DISC BRAKE TO BE FASTEST GROWING BRAKE TYPE DURING FORECAST PERIOD
  • 4.6 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION
    • FIGURE 18 AGRICULTURAL TRACTORS EXPECTED TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
  • 4.7 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY TYPE
    • FIGURE 19 HYDRAULIC WET BRAKE TO CONTRIBUTE TO LARGEST SHARE IN OFF-HIGHWAY BRAKE SYSTEM DURING FORECAST PERIOD
  • 4.8 BRAKE SYSTEM MARKET, BY ACTUATION
    • FIGURE 20 HYDRAULIC BRAKE SEGMENT TO HAVE HIGHER CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 21 BRAKE SYSTEM MARKET: MARKET DYNAMICS
    • 5.2.1 DRIVERS
      • 5.2.1.1 Stringent automotive active safety regulations
        • 5.2.1.1.1 Stopping distance for light- and heavy-duty vehicles
    • FIGURE 22 COMPARISON OF STOPPING DISTANCES AT 65 MPH FOR PASSENGER CAR AND TRUCK IN US
    • FIGURE 23 TOTAL STOPPING DISTANCES FOR PASSENGER CAR AND TRUCK
        • 5.2.1.1.2 Enhanced vehicle safety with ABS and EBD
    • FIGURE 24 EFFECT OF EBD
      • 5.2.1.2 Integration of ACC in electronic braking systems
    • FIGURE 25 ANALYSIS OF ELECTRONIC BRAKING SYSTEMS FOR DIFFERENT VEHICLE CLASS
      • 5.2.1.3 Impact of NCAP on electronic brake systems
    • TABLE 2 LOCAL NEW CAR ASSESSMENT PROGRAMS (NCAP)
    • TABLE 3 FACTORS & WEIGHTAGE FOR EURO NCAP RATING
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High development and maintenance costs
    • TABLE 4 ABS CONTROL MODULE REPAIR COSTS (USD)
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Brake-by-wire systems
    • FIGURE 26 BRAKE-BY-WIRE MARKET, 2020 VS. 2025 (USD MILLION)
      • 5.2.3.2 Regenerative braking to create lucrative growth in EV ecosystem
    • FIGURE 27 ELECTRIC VEHICLE SALES, 2021 VS 2026 ('000 UNITS)
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Malfunctioning of electronic braking systems
      • 5.2.4.2 Air brake freeze-ups
    • 5.2.5 IMPACT OF COVID-19 ON BRAKE SYSTEM MARKET
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS
    • FIGURE 28 REVENUE SHIFT FOR BRAKE SYSTEM MARKET
  • 5.4 BRAKE SYSTEM MARKET, SCENARIOS (2021-2026)
    • FIGURE 29 BRAKE SYSTEM MARKET: COVID-19 SCENARIOS ANALYSIS
    • 5.4.1 MOST LIKELY/REALISTIC SCENARIO
    • TABLE 5 BRAKE SYSTEM MARKET, (REALISTIC SCENARIO), BY REGION, 2019-2026 (USD MILLION)
    • 5.4.2 HIGH COVID-19 IMPACT SCENARIO
    • TABLE 6 BRAKE SYSTEM MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2019-2026 (USD MILLION)
    • 5.4.3 LOW COVID-19 IMPACT SCENARIO
    • TABLE 7 BRAKE SYSTEM MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2019-2026 (USD MILLION)
  • 5.5 ECOSYSTEM/MARKET MAP
    • TABLE 8 BRAKE SYSTEM MARKET: ECOSYSTEM
  • 5.6 TECHNOLOGY ANALYSIS
  • 5.7 CASE STUDY ANALYSIS
    • 5.7.1 CASE STUDY 1
    • 5.7.2 CASE STUDY 2
  • 5.8 PATENT ANALYSIS
  • 5.9 AVERAGE SELLING PRICE ANALYSIS, 2021-E
    • TABLE 9 AVERAGE SELLING PRICE, BY BRAKE TYPE
    • TABLE 10 AVERAGE SELLING PRICE, BY VEHICLE TYPE
    • TABLE 11 AVERAGE SELLING PRICE, BY TECHNOLOGY
  • 5.10 VALUE CHAIN ANALYSIS
    • FIGURE 30 VALUE CHAIN ANALYSIS: BRAKE SYSTEM MARKET
  • 5.11 TRADE ANALYSIS
    • TABLE 12 TRADE ANALYSIS, VEHICLE PARTS; BRAKES, SERVO-BRAKES, AND PARTS THEREOF
  • 5.12 TARIFF AND REGULATORY LANDSCAPE
    • 5.12.1 VEHICLE SAFETY STANDARDS, BY REGION
    • TABLE 13 VEHICLE SAFETY STANDARDS, BY REGION
    • 5.12.2 US: FEDERAL MOTOR SAFETY STANDARDS FOR BRAKE SYSTEM PARTS
    • TABLE 14 US: FEDERAL MOTOR VEHICLE SAFETY STANDARDS
  • 5.13 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 31 PORTER'S FIVE FORCES ANALYSIS
    • 5.13.1 THREAT OF NEW ENTRANTS
    • 5.13.2 THREAT OF SUBSTITUTES
    • 5.13.3 BARGAINING POWER OF SUPPLIERS
    • 5.13.4 BARGAINING POWER OF BUYERS
    • 5.13.5 INTENSITY OF COMPETITIVE RIVALRY

6 BRAKE SYSTEM MARKET, BY BRAKE TYPE

  • 6.1 INTRODUCTION
    • 6.1.1 RESEARCH METHODOLOGY
    • 6.1.2 ASSUMPTIONS/LIMITATIONS
    • 6.1.3 INDUSTRY INSIGHTS
    • FIGURE 32 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2021 VS. 2026 (USD MILLION)
    • TABLE 15 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 16 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
  • 6.2 DISC BRAKE
    • 6.2.1 ADVANTAGES LIKE BETTER HEAT DISSIPATION & SELF-ADJUSTING FRICTION MATERIAL TO DRIVE DEMAND
    • TABLE 17 DISC BRAKE MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 18 DISC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 6.3 DRUM BRAKE
    • 6.3.1 COST-SENSITIVE NATURE OF EMERGING MARKETS EXPECTED TO DRIVE DEMAND
    • TABLE 19 DRUM BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 20 DRUM BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)

7 BRAKE SYSTEM MARKET, BY TECHNOLOGY

  • 7.1 INTRODUCTION
    • 7.1.1 RESEARCH METHODOLOGY
    • 7.1.2 ASSUMPTIONS/LIMITATIONS
    • 7.1.3 INDUSTRY INSIGHTS
    • FIGURE 33 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2021 VS. 2026 (USD MILLION)
    • TABLE 21 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2019-2026 ('000 UNITS)
    • TABLE 22 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2019-2026 (USD MILLION)
  • 7.2 ANTI-LOCK BRAKE SYSTEM (ABS)
    • 7.2.1 REGULATIONS TO MANDATE ABS EXPECTED TO DRIVE THE SEGMENT
    • TABLE 23 ANTILOCK BRAKING SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 24 ANTILOCK BRAKING SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 7.3 ELECTRONIC STABILITY CONTROL (ESC)
    • 7.3.1 REDUCTION OF FATALITIES AND TECHNICAL BENEFITS EXPECTED TO DRIVE THE SEGMENT
    • TABLE 25 ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 26 ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 7.4 TRACTION CONTROL SYSTEM (TCS)
    • 7.4.1 BETTER TRACTION CONTROL AND LIMITED WHEEL SLIPPAGE EXPECTED TO DRIVE THE SEGMENT
    • TABLE 27 TRACTION CONTROL SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 28 TRACTION CONTROL SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 7.5 ELECTRONIC BRAKE FORCE DISTRIBUTION (EBD)
    • 7.5.1 STRINGENCY IN SAFETY REGULATIONS EXPECTED TO DRIVE THE SEGMENT
    • TABLE 29 ELECTRONIC BRAKE FORCE DISTRIBUTION MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 30 ELECTRONIC BRAKE FORCE DISTRIBUTION MARKET, BY REGION, 2019-2026 (USD MILLION)

8 BRAKE SYSTEM MARKET, BY VEHICLE TYPE

  • 8.1 INTRODUCTION
    • 8.1.1 RESEARCH METHODOLOGY
    • 8.1.2 ASSUMPTIONS/LIMITATIONS
    • 8.1.3 INDUSTRY INSIGHTS
    • FIGURE 34 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2021 VS. 2026 (USD MILLION)
    • TABLE 31 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 32 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2019-2026 (USD MILLION)
  • 8.2 PASSENGER CAR
    • 8.2.1 STRINGENT SAFETY STANDARDS EXPECTED TO DRIVE THE SEGMENT
    • TABLE 33 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 34 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 8.3 LIGHT COMMERCIAL VEHICLE (LCV)
    • 8.3.1 GROWING DEMAND FOR ADVANCED BRAKING SYSTEMS EXPECTED TO DRIVE THE SEGMENT
    • TABLE 35 LIGHT COMMERCIAL VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 36 LIGHT COMMERCIAL VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 8.4 TRUCK
    • 8.4.1 INTRODUCTION OF ELECTRONIC BRAKE SYSTEMS EXPECTED TO DRIVE THE SEGMENT
    • TABLE 37 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 38 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 8.5 BUS
    • 8.5.1 ADOPTION OF EFFICIENT BRAKE SYSTEMS EXPECTED TO DRIVE THE SEGMENT
    • TABLE 39 BUS BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 40 BUS BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)

9 BRAKE SYSTEM MARKET, BY ACTUATION

  • 9.1 INTRODUCTION
    • 9.1.1 RESEARCH METHODOLOGY
    • 9.1.2 ASSUMPTIONS/LIMITATIONS
    • 9.1.3 INDUSTRY INSIGHTS
    • FIGURE 35 BRAKE SYSTEM MARKET, BY ACTUATION, 2021 VS. 2026 (USD MILLION)
    • TABLE 41 BRAKE SYSTEM MARKET, BY ACTUATION, 2019-2026 ('000 UNITS)
    • TABLE 42 BRAKE SYSTEM MARKET, BY ACTUATION, 2019-2026 (USD MILLION)
  • 9.2 HYDRAULIC BRAKE
    • 9.2.1 LIGHT CONSTRUCTION AND LOW OVERALL WEIGHT TO DRIVE DEMAND
    • TABLE 43 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 44 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 9.3 PNEUMATIC BRAKE
    • 9.3.1 SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES TO DRIVE DEMAND
    • TABLE 45 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 46 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)

10 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION

  • 10.1 INTRODUCTION
    • 10.1.1 RESEARCH METHODOLOGY
    • 10.1.2 ASSUMPTIONS/LIMITATIONS
    • 10.1.3 INDUSTRY INSIGHTS
    • FIGURE 36 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
    • TABLE 47 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2019-2026 ('000 UNITS)
    • TABLE 48 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2019-2026 (USD MILLION)
  • 10.2 AGRICULTURAL TRACTOR
    • TABLE 49 AGRICULTURAL TRACTOR BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 50 AGRICULTURAL TRACTOR BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 10.3 CONSTRUCTION EQUIPMENT
    • TABLE 51 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 52 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 10.4 MINING EQUIPMENT
    • TABLE 53 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 54 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)

11 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE

  • 11.1 INTRODUCTION
    • 11.1.1 RESEARCH METHODOLOGY
    • 11.1.2 ASSUMPTIONS/LIMITATIONS
    • 11.1.3 INDUSTRY INSIGHTS
    • FIGURE 37 OFF-BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2021 VS. 2026 (USD MILLION)
    • TABLE 55 OFF-HIGHWAY VEHICLES BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 56 OFF-HIGHWAY VEHICLES BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
  • 11.2 HYDROSTATIC BRAKE
    • 11.2.1 INCREASING DEPLOYMENT OF MINING EQUIPMENT WITH HYDROSTATIC BRAKING EXPECTED TO DRIVE THE SEGMENT
    • TABLE 57 OFF-HIGHWAY VEHICLES HYDROSTATIC BRAKE MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 58 OFF-HIGHWAY VEHICLES HYDROSTATIC BRAKE MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 11.3 HYDRAULIC WET BRAKE
    • 11.3.1 SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES EXPECTED TO DRIVE THE SEGMENT
    • TABLE 59 OFF-HIGHWAY VEHICLES HYDRAULIC WET BRAKE MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 60 OFF-HIGHWAY VEHICLES HYDRAULIC WET BRAKE MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 11.4 DYNAMIC BRAKE
    • 11.4.1 STRINGENCY IN SAFETY STANDARDS EXPECTED TO DRIVE THE SEGMENT
    • TABLE 61 OFF-HIGHWAY VEHICLES DYNAMIC BRAKE MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 62 OFF-HIGHWAY VEHICLES DYNAMIC BRAKE MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 11.5 OTHERS
    • TABLE 63 OTHERS OFF-HIGHWAY VEHICLES BRAKE MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 64 OTHERS OFF-HIGHWAY VEHICLES BRAKE MARKET, BY REGION, 2019-2026 (USD MILLION)

12 BRAKE SYSTEM MARKET, BY REGION

  • 12.1 INTRODUCTION
    • 12.1.1 RESEARCH METHODOLOGY
    • 12.1.2 ASSUMPTIONS/LIMITATIONS
    • 12.1.3 INDUSTRY INSIGHTS
    • FIGURE 38 BRAKE SYSTEM MARKET, BY REGION, 2021 VS. 2026 (USD MILLION)
    • TABLE 65 BRAKE SYSTEM MARKET, BY REGION, 2019-2026 ('000 UNITS)
    • TABLE 66 BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION)
  • 12.2 ASIA PACIFIC
    • FIGURE 39 ASIA PACIFIC BRAKE SYSTEM MARKET SNAPSHOT
    • TABLE 67 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 ('000 UNITS)
    • TABLE 68 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (USD MILLION)
    • 12.2.1 CHINA
      • 12.2.1.1 Growing vehicle production to drive the market
    • TABLE 69 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 70 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.2.2 INDIA
      • 12.2.2.1 Stringency in safety standards to drive the market
    • TABLE 71 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 72 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.2.3 JAPAN
      • 12.2.3.1 Rising penetration of automatic braking systems to drive the market
    • TABLE 73 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 74 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.2.4 SOUTH KOREA
      • 12.2.4.1 Government mandates for implementation of advanced brake systems to drive the market
    • TABLE 75 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 76 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.2.5 REST OF ASIA PACIFIC
    • TABLE 77 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 78 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
  • 12.3 EUROPE
    • FIGURE 40 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2021 VS. 2026
    • TABLE 79 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 ('000 UNITS)
    • TABLE 80 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (USD MILLION)
    • 12.3.1 GERMANY
      • 12.3.1.1 Implementation of advanced emergency braking systems as a standard fitment to drive the market
    • TABLE 81 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 82 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.3.2 FRANCE
      • 12.3.2.1 Increasing penetration of disc brakes to drive the market
    • TABLE 83 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 84 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.3.3 SPAIN
      • 12.3.3.1 Implementation of AEB in passenger cars to drive the market
    • TABLE 85 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 86 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.3.4 ITALY
      • 12.3.4.1 Regulations mandating AEB to drive the market
    • TABLE 87 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 88 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.3.5 UK
      • 12.3.5.1 Increasing adoption of ABS and ESC to drive the market
    • TABLE 89 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 90 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.3.6 REST OF EUROPE
    • TABLE 91 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 92 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
  • 12.4 NORTH AMERICA
    • FIGURE 41 NORTH AMERICA: BRAKE SYSTEM MARKET SNAPSHOT
    • TABLE 93 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 ('000 UNITS)
    • TABLE 94 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (USD MILLION)
    • 12.4.1 US
      • 12.4.1.1 Regulations to reduce stopping distance in commercial vehicles to drive the market
    • TABLE 95 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 96 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.4.2 CANADA
      • 12.4.2.1 Mandatory features such as ABS & ESC to drive the market
    • TABLE 97 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 98 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.4.3 MEXICO
      • 12.4.3.1 Free trade agreements promoting domestic production of brake system components to drive the market
    • TABLE 99 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 100 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
  • 12.5 REST OF THE WORLD (ROW)
    • FIGURE 42 ROW: BRAKE SYSTEM MARKET, 2021 VS. 2026 (USD MILLION)
    • TABLE 101 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 ('000 UNITS)
    • TABLE 102 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (USD MILLION)
    • 12.5.1 BRAZIL
      • 12.5.1.1 Setting up of local plants for brake system components to drive the market
    • TABLE 103 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 104 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.5.2 TURKEY
      • 12.5.2.1 Lower manufacturing & labor costs to drive the market
    • TABLE 105 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 106 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.5.3 RUSSIA
      • 12.5.3.1 Increasing adoption of disc brakes in LCVs to drive the market
    • TABLE 107 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 108 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)
    • 12.5.4 REST OF ROW
    • TABLE 109 REST OF ROW: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 ('000 UNITS)
    • TABLE 110 REST OF ROW: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE

  • 13.1 OVERVIEW
  • 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
    • FIGURE 43 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT STRATEGY AS THE KEY GROWTH STRATEGY, 2019-2021
  • 13.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018-2020
  • 13.4 MARKET SHARE ANALYSIS
    • TABLE 111 MARKET SHARE, 2020
    • FIGURE 44 BRAKE SYSTEM MARKET SHARE ANALYSIS, 2020
  • 13.5 COMPETITIVE LEADERSHIP MAPPING
    • 13.5.1 STAR
    • 13.5.2 EMERGING LEADER
    • 13.5.3 PERVASIVE
    • 13.5.4 PARTICIPANT
    • FIGURE 45 COMPETITIVE LEADERSHIP MAPPING: BRAKE SYSTEM MANUFACTURERS
    • TABLE 112 BRAKE SYSTEM MARKET: COMPANY FOOTPRINT
    • TABLE 113 COMPANY TECHNOLOGY FOOTPRINT
    • TABLE 114 COMPANY REGION FOOTPRINT (19 COMPANIES)
  • 13.6 COMPETITIVE LEADERSHIP MAPPING: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS
    • 13.6.1 STAR
    • 13.6.2 EMERGING LEADER
    • 13.6.3 PERVASIVE
    • 13.6.4 PARTICIPANT
    • FIGURE 46 COMPETITIVE LEADERSHIP MAPPING: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS
    • TABLE 115 OFF-HIGHWAY BRAKE SYSTEM MARKET: COMPANY FOOTPRINT
    • TABLE 116 COMPANY INDUSTRY FOOTPRINT (OFF-HIGHWAY) (12 COMPANIES)
    • TABLE 117 COMPANY REGION FOOTPRINT (OFF-HIGHWAY) (12 COMPANIES)
  • 13.7 COMPETITIVE SCENARIO
  • 13.8 NEW PRODUCT LAUNCHES
    • TABLE 118 NEW PRODUCT DEVELOPMENT, 2019-2020
  • 13.9 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, & JOINT VENTURES
    • TABLE 119 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, & JOINT VENTURES, 2019-2021

14 COMPANY PROFILES

  • 14.1 KEY PLAYERS
  • (Business overview, Products offered, Recent Developments, MNM view)**
    • 14.1.1 ROBERT BOSCH GMBH
    • TABLE 120 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
    • FIGURE 47 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
    • TABLE 121 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
    • TABLE 122 ROBERT BOSCH GMBH: DEALS
    • 14.1.2 CONTINENTAL AG
    • TABLE 123 CONTINENTAL AG: BUSINESS OVERVIEW
    • FIGURE 48 CONTINENTAL AG: COMPANY SNAPSHOT
    • TABLE 124 CONTINENTAL AG: PRODUCT DEVELOPMENTS
    • TABLE 125 CONTINENTAL AG: DEALS
    • 14.1.3 ZF FRIEDRICHSHAFEN AG
    • TABLE 126 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW
    • FIGURE 49 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
    • TABLE 127 ZF FRIEDRICHSHAFEN AG: PRODUCT LAUNCHES
    • TABLE 128 ZF FRIEDRICHSHAFEN AG: DEALS
    • 14.1.4 AKEBONO BRAKE INDUSTRY CO., LTD.
    • TABLE 129 AKEBONO BRAKE INDUSTRY CO., LTD.: BUSINESS OVERVIEW
    • FIGURE 50 AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY SNAPSHOT
    • TABLE 130 AKEBONO BRAKE INDUSTRY CO., LTD.: PRODUCT LAUNCHES
    • 14.1.5 BREMBO S.P.A
    • TABLE 131 BREMBO S.P.A: BUSINESS OVERVIEW
    • FIGURE 51 BREMBO S.P.A: COMPANY SNAPSHOT
    • TABLE 132 BREMBO S.P.A: PRODUCT LAUNCHES
    • TABLE 133 BREMBO S.P.A: DEALS
    • 14.1.6 AISIN SEIKI CO., LTD.
    • TABLE 134 AISIN SEIKI CO., LTD.: BUSINESS OVERVIEW
    • FIGURE 52 AISIN SEIKI CO., LTD.: COMPANY SNAPSHOT
    • 14.1.7 HITACHI ASTEMO LTD.
    • TABLE 135 HITACHI ASTEMO LTD.: BUSINESS OVERVIEW
    • FIGURE 53 HITACHI ASTEMO LTD.: COMPANY SNAPSHOT
    • TABLE 136 HITACHI ASTEMO LTD.: OTHERS
    • 14.1.8 KNORR-BREMSE AG
    • TABLE 137 KNORR-BREMSE AG: BUSINESS OVERVIEW
    • FIGURE 54 KNORR-BREMSE AG: COMPANY SNAPSHOT
    • 14.1.9 HALDEX AB
    • TABLE 138 HALDEX AB: BUSINESS OVERVIEW
    • FIGURE 55 HALDEX AB: COMPANY SNAPSHOT
    • TABLE 139 HALDEX AB: PRODUCT LAUNCHES
    • TABLE 140 HALDEX AB: DEALS
    • 14.1.10 MANDO CORPORATION
    • TABLE 141 MANDO CORPORATION: BUSINESS OVERVIEW
    • FIGURE 56 MANDO CORP: COMPANY SNAPSHOT
  • 14.2 OTHER KEY PLAYERS
    • 14.2.1 ASIA PACIFIC
      • 14.2.1.1 Denso Corporation
    • TABLE 142 DENSO CORPORATION: BUSINESS OVERVIEW
      • 14.2.1.2 Hyundai Mobis
    • TABLE 143 HYUNDAI MOBIS: BUSINESS OVERVIEW
      • 14.2.1.3 Wuhan Youfin Auto Parts Co., Ltd.
    • TABLE 144 WUHAN YOUFIN AUTO PARTS CO., LTD.: BUSINESS OVERVIEW
      • 14.2.1.4 Advics Co., Ltd.
    • TABLE 145 ADVIS CO., LTD.: BUSINESS OVERVIEW
      • 14.2.1.5 Wuhu Bethel Automotive Safety System Co., Ltd.
    • TABLE 146 WUHU BETHEL AUTOMOTIVE SAFETY SYSTEM CO., LTD.: BUSINESS OVERVIEW
    • 14.2.2 EUROPE
      • 14.2.2.1 Beringer
    • TABLE 147 BERINGER: BUSINESS OVERVIEW
      • 14.2.2.2 EBC Brakes
    • TABLE 148 EBC BRAKES: BUSINESS OVERVIEW
      • 14.2.2.3 NIFO SRL
    • TABLE 149 NIFO SRL
    • 14.2.3 NORTH AMERICA
      • 14.2.3.1 BWI Group
    • TABLE 150 BWI GROUP: BUSINESS OVERVIEW
      • 14.2.3.2 Meritor, Inc.
    • TABLE 151 MERITOR, INC.: BUSINESS OVERVIEW
      • 14.2.3.3 Muller Brakes America Inc.
    • TABLE 152 MULLER BRAKES AMERICA: BUSINESS OVERVIEW
      • 14.2.3.4 Wagner Brake
    • TABLE 153 WAGNER BRAKE: BUSINESS OVERVIEW
  • *Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

15 RECOMMENDATIONS BY MARKETSANDMARKETS

  • 15.1 ASIA PACIFIC IS A POTENTIAL MARKET FOR BRAKE SYSTEMS
  • 15.2 COMPANIES SHOULD FOCUS ON DISC BRAKES
  • 15.3 GROWING DEMAND FOR HYDRAULIC WET BRAKES IN AGRICULTURAL TRACTORS
  • 15.4 CONCLUSION

16 APPENDIX

  • 16.1 CURRENCY & PRICING
    • TABLE 154 CURRENCY EXCHANGE RATES (WRT PER USD)
  • 16.2 INSIGHTS OF INDUSTRY EXPERTS
  • 16.3 DISCUSSION GUIDE
  • 16.4 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 16.5 AVAILABLE CUSTOMIZATIONS
    • 16.5.1 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE
      • 16.5.1.1 Hydrostatic Brake
      • 16.5.1.2 Hydraulic Wet Brake
      • 16.5.1.3 Dynamic Brake
      • 16.5.1.4 Others
    • 16.5.2 ON-HIGHWAY SYSTEM MARKET, BY VEHICLE TYPE & BRAKE TYPE
      • 16.5.2.1 Disc Brake
      • 16.5.2.2 Drum Brake
  • 16.6 RELATED REPORTS
  • 16.7 AUTHOR DETAILS