PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401896
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401896
Hydraulic Release Brake Market Forecasts to 2030 - Global Analysis By Type, By Application and By Geography
According to Stratistics MRC, the Global Hydraulic Release Brake Market is growing at a CAGR of 6.8% during the forecast period. Hydraulic release brakes refer to a type of braking system that utilizes hydraulic pressure to control the engagement and disengagement of the brake components. In these systems, hydraulic force is employed to actuate specific elements, such as calipers, pistons, or other mechanisms, which in turn facilitate the release of the brake mechanism.
According to the Society of Indian Automobile Manufacturers (SIAM), In June 2021, the total production volume of commercial vehicles, passenger cars, three-wheelers, and two-wheelers combined was 1,693,639 units. The demand is further driven by increasing exports from India to other countries in terms of volume. Indian automotive exports accounted for 1,419,430 units from April 2021 to June 2021.
Market Dynamics:
Driver:
Increasing demand for hydraulic release brakes in various industries
The increasing demand for hydraulic release brakes across industries is driven by their superior performance, precision, and reliability in braking systems. Industries such as automotive, industrial machinery, aerospace, and construction seek these brakes for efficient control, responsive braking, and enhanced safety. Hydraulic release brakes provide a versatile and adaptable solution, catering to diverse applications. Their ability to offer consistent and controlled braking in demanding environments makes them a preferred choice, fostering the rising demand.
Restraint:
Maintenance complexities
Maintenance complexities serve as a restraint in the hydraulic release brake market. Hydraulic brake systems require regular upkeep to ensure optimal performance, involving tasks like fluid checks, bleeding, and component inspections. The intricacies of hydraulic systems demand skilled maintenance personnel and can lead to downtime if not managed efficiently. Industries with complex machinery may find the maintenance requirements challenging, impacting overall operational continuity and limiting market growth.
Opportunity:
Growing demand for electric vehicles
The growing demand for electric vehicles (EVs) across diverse industries presents a significant opportunity in the hydraulic release brake market. As EV adoption rises, the need for efficient and reliable braking systems persists, creating a niche for hydraulic release brakes. These systems can offer precise control and safety in electric vehicles, ensuring optimal braking performance and the continued growth and efficiency of braking systems in the evolving landscape of sustainable transportation.
Threat:
Competition from alternative technologies
Emerging technologies, such as electric and regenerative braking systems, present compelling alternatives with potential advantages, including energy efficiency, reduced environmental impact, and enhanced control. Electric braking technologies offer benefits such as energy regeneration, reduced maintenance, and compatibility with electric propulsion systems, potentially overshadowing traditional hydraulic release brakes, which further hinders the growth of the market.
COVID-19 Impact:
The COVID-19 pandemic has significantly impacted the hydraulic release brake market. Disruptions in global supply chains, manufacturing slowdowns, and economic uncertainties have led to a decline in demand for automotive and industrial equipment, major consumers of hydraulic release brakes. Production halts, logistical challenges, and reduced consumer spending have affected market growth. Moreover, the focus on cost-cutting measures by industries during the pandemic has influenced investment decisions, impacting the sales of hydraulic braking systems.
The drum brakes segment is expected to be the largest during the forecast period
The drum brake segment is projected to be the largest within the hydraulic release brake market due to its widespread adoption across various automotive and industrial applications. Drum brakes offer cost-effective solutions, simplicity in design, and effective braking performance, making them prevalent in diverse industries. Additionally, the durability and reliability of drum brakes contribute to their sustained demand. As industries seek reliable and efficient braking systems, the drum brakes segment is expected to maintain its prominence, especially in applications where these brakes align with performance requirements and cost considerations, propelling its projected leadership in the market.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is expected to witness lucrative growth in the hydraulic release brake market owing to the expanding automotive industry and increasing production of vehicles globally. Hydraulic release brakes play a crucial role in ensuring reliable and efficient braking performance in various automotive applications. Additionally, advancements in automotive safety standards and the integration of hydraulic release brake systems in modern vehicles contribute to the segment's profitability.
Region with largest share:
North America is anticipated to secure the largest market share in the hydraulic release brake market due to its mature automotive industry and high prevalence of advanced braking systems. Stringent safety regulations and the adoption of cutting-edge technologies contribute to the dominance of hydraulic release brakes. Additionally, the region's robust industrial and manufacturing sectors, along with a focus on vehicular safety, drive the demand for these braking systems.
Region with highest CAGR:
Asia Pacific is anticipated to witness the highest growth in the hydraulic release brake market due to a surge in automotive production and industrial activities, driving the demand for advanced braking systems. Rapid urbanization, increasing disposable incomes, and infrastructure development further fuel the growth of the automotive sector. As the largest manufacturing hub globally, Asia Pacific's expanding industrial landscape positions it for significant market growth. Moreover, stringent safety regulations and a rising emphasis on vehicular safety contribute to the adoption of hydraulic release brakes in the region.
Key players in the market:
Some of the key players in Hydraulic Release Brake Market include Aisin Corporation, Akebono Brake Industry Co., Ltd., Brembo S.p.A, Continental AG, Eaton Corporation plc, Haldex AB, Hitachi Astemo Ltd., Knorr-Bremse AG, Mando Corporation, Meritor, Inc., Nissin Kogyo Co., Ltd., Robert Bosch GmbH, WABCO Holdings Inc. and ZF Friedrichshafen AG.
Key Developments:
In October 2023, Eaton announced additional manufacturing investments of $85 million to meet surging utility demand for its solutions supporting essential electric grid infrastructure projects. Eaton will increase manufacturing capacity in Queretaro, Mexico, for line installation and protective equipment vital to undergrounding power lines and bolstering energy resilience.
In May 2023, Hitachi Astemo, Ltd. has announced it will exhibit at the JAPAN MOBILITY SHOW 2023 from Thursday, October 26 to Sunday, November 5. Hitachi Astemo will showcase a wide range of technologies contributing to the future of an automotive society, under the themes of "Safety: realizing a safe and secure mobility society with reduced traffic accidents"; "Environment: realizing a green planet"; and "Comfort: realizing a society where people can feel the joy of the journey through advanced mobility." The exhibition at Tokyo Big Sight will be in West Hall 4, W4 204.
Types Covered:
- Air Assisted Hydraulic Brakes
- Caliper Release Brakes
- Cylinder Release Brakes
- Drum Brakes
- Piston Release Brakes
- Power Release Brakes
- Vacuum Assisted Hydraulic Brakes
- Wedge Release Brakes
- Other Types
Applications Covered:
- Automotive
- Aerospace
- Agricultural Machinery
- Industrial Machinery
- Military Vehicles
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Hydraulic Release Brake Market, By Type
- 5.1 Introduction
- 5.2 Air Assisted Hydraulic Brakes
- 5.3 Caliper Release Brakes
- 5.4 Cylinder Release Brakes
- 5.5 Drum Brakes
- 5.6 Piston Release Brakes
- 5.7 Power Release Brakes
- 5.8 Vacuum Assisted Hydraulic Brakes
- 5.9 Wedge Release Brakes
- 5.10 Other Types
6 Global Hydraulic Release Brake Market, By Application
- 6.1 Introduction
- 6.2 Automotive
- 6.3 Aerospace
- 6.4 Agricultural Machinery
- 6.5 Industrial Machinery
- 6.6 Military Vehicles
- 6.7 Other Applications
7 Global Hydraulic Release Brake Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Aisin Corporation
- 9.2 Akebono Brake Industry Co., Ltd.
- 9.3 Brembo S.p.A
- 9.4 Continental AG
- 9.5 Eaton Corporation plc
- 9.6 Haldex AB
- 9.7 Hitachi Astemo Ltd.
- 9.8 Knorr-Bremse AG
- 9.9 Mando Corporation
- 9.10 Meritor, Inc.
- 9.11 Nissin Kogyo Co., Ltd.
- 9.12 Robert Bosch GmbH
- 9.13 WABCO Holdings Inc.
- 9.14 ZF Friedrichshafen AG
List of Tables
- Table 1 Global Hydraulic Release Brake Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Hydraulic Release Brake Market Outlook, By Type (2021-2030) ($MN)
- Table 3 Global Hydraulic Release Brake Market Outlook, By Air Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 4 Global Hydraulic Release Brake Market Outlook, By Caliper Release Brakes (2021-2030) ($MN)
- Table 5 Global Hydraulic Release Brake Market Outlook, By Cylinder Release Brakes (2021-2030) ($MN)
- Table 6 Global Hydraulic Release Brake Market Outlook, By Drum Brakes (2021-2030) ($MN)
- Table 7 Global Hydraulic Release Brake Market Outlook, By Piston Release Brakes (2021-2030) ($MN)
- Table 8 Global Hydraulic Release Brake Market Outlook, By Power Release Brakes (2021-2030) ($MN)
- Table 9 Global Hydraulic Release Brake Market Outlook, By Vacuum Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 10 Global Hydraulic Release Brake Market Outlook, By Wedge Release Brakes (2021-2030) ($MN)
- Table 11 Global Hydraulic Release Brake Market Outlook, By Other Types (2021-2030) ($MN)
- Table 12 Global Hydraulic Release Brake Market Outlook, By Application (2021-2030) ($MN)
- Table 13 Global Hydraulic Release Brake Market Outlook, By Automotive (2021-2030) ($MN)
- Table 14 Global Hydraulic Release Brake Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 15 Global Hydraulic Release Brake Market Outlook, By Agricultural Machinery (2021-2030) ($MN)
- Table 16 Global Hydraulic Release Brake Market Outlook, By Industrial Machinery (2021-2030) ($MN)
- Table 17 Global Hydraulic Release Brake Market Outlook, By Military Vehicles (2021-2030) ($MN)
- Table 18 Global Hydraulic Release Brake Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 19 North America Hydraulic Release Brake Market Outlook, By Country (2021-2030) ($MN)
- Table 20 North America Hydraulic Release Brake Market Outlook, By Type (2021-2030) ($MN)
- Table 21 North America Hydraulic Release Brake Market Outlook, By Air Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 22 North America Hydraulic Release Brake Market Outlook, By Caliper Release Brakes (2021-2030) ($MN)
- Table 23 North America Hydraulic Release Brake Market Outlook, By Cylinder Release Brakes (2021-2030) ($MN)
- Table 24 North America Hydraulic Release Brake Market Outlook, By Drum Brakes (2021-2030) ($MN)
- Table 25 North America Hydraulic Release Brake Market Outlook, By Piston Release Brakes (2021-2030) ($MN)
- Table 26 North America Hydraulic Release Brake Market Outlook, By Power Release Brakes (2021-2030) ($MN)
- Table 27 North America Hydraulic Release Brake Market Outlook, By Vacuum Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 28 North America Hydraulic Release Brake Market Outlook, By Wedge Release Brakes (2021-2030) ($MN)
- Table 29 North America Hydraulic Release Brake Market Outlook, By Other Types (2021-2030) ($MN)
- Table 30 North America Hydraulic Release Brake Market Outlook, By Application (2021-2030) ($MN)
- Table 31 North America Hydraulic Release Brake Market Outlook, By Automotive (2021-2030) ($MN)
- Table 32 North America Hydraulic Release Brake Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 33 North America Hydraulic Release Brake Market Outlook, By Agricultural Machinery (2021-2030) ($MN)
- Table 34 North America Hydraulic Release Brake Market Outlook, By Industrial Machinery (2021-2030) ($MN)
- Table 35 North America Hydraulic Release Brake Market Outlook, By Military Vehicles (2021-2030) ($MN)
- Table 36 North America Hydraulic Release Brake Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 37 Europe Hydraulic Release Brake Market Outlook, By Country (2021-2030) ($MN)
- Table 38 Europe Hydraulic Release Brake Market Outlook, By Type (2021-2030) ($MN)
- Table 39 Europe Hydraulic Release Brake Market Outlook, By Air Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 40 Europe Hydraulic Release Brake Market Outlook, By Caliper Release Brakes (2021-2030) ($MN)
- Table 41 Europe Hydraulic Release Brake Market Outlook, By Cylinder Release Brakes (2021-2030) ($MN)
- Table 42 Europe Hydraulic Release Brake Market Outlook, By Drum Brakes (2021-2030) ($MN)
- Table 43 Europe Hydraulic Release Brake Market Outlook, By Piston Release Brakes (2021-2030) ($MN)
- Table 44 Europe Hydraulic Release Brake Market Outlook, By Power Release Brakes (2021-2030) ($MN)
- Table 45 Europe Hydraulic Release Brake Market Outlook, By Vacuum Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 46 Europe Hydraulic Release Brake Market Outlook, By Wedge Release Brakes (2021-2030) ($MN)
- Table 47 Europe Hydraulic Release Brake Market Outlook, By Other Types (2021-2030) ($MN)
- Table 48 Europe Hydraulic Release Brake Market Outlook, By Application (2021-2030) ($MN)
- Table 49 Europe Hydraulic Release Brake Market Outlook, By Automotive (2021-2030) ($MN)
- Table 50 Europe Hydraulic Release Brake Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 51 Europe Hydraulic Release Brake Market Outlook, By Agricultural Machinery (2021-2030) ($MN)
- Table 52 Europe Hydraulic Release Brake Market Outlook, By Industrial Machinery (2021-2030) ($MN)
- Table 53 Europe Hydraulic Release Brake Market Outlook, By Military Vehicles (2021-2030) ($MN)
- Table 54 Europe Hydraulic Release Brake Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 55 Asia Pacific Hydraulic Release Brake Market Outlook, By Country (2021-2030) ($MN)
- Table 56 Asia Pacific Hydraulic Release Brake Market Outlook, By Type (2021-2030) ($MN)
- Table 57 Asia Pacific Hydraulic Release Brake Market Outlook, By Air Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 58 Asia Pacific Hydraulic Release Brake Market Outlook, By Caliper Release Brakes (2021-2030) ($MN)
- Table 59 Asia Pacific Hydraulic Release Brake Market Outlook, By Cylinder Release Brakes (2021-2030) ($MN)
- Table 60 Asia Pacific Hydraulic Release Brake Market Outlook, By Drum Brakes (2021-2030) ($MN)
- Table 61 Asia Pacific Hydraulic Release Brake Market Outlook, By Piston Release Brakes (2021-2030) ($MN)
- Table 62 Asia Pacific Hydraulic Release Brake Market Outlook, By Power Release Brakes (2021-2030) ($MN)
- Table 63 Asia Pacific Hydraulic Release Brake Market Outlook, By Vacuum Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 64 Asia Pacific Hydraulic Release Brake Market Outlook, By Wedge Release Brakes (2021-2030) ($MN)
- Table 65 Asia Pacific Hydraulic Release Brake Market Outlook, By Other Types (2021-2030) ($MN)
- Table 66 Asia Pacific Hydraulic Release Brake Market Outlook, By Application (2021-2030) ($MN)
- Table 67 Asia Pacific Hydraulic Release Brake Market Outlook, By Automotive (2021-2030) ($MN)
- Table 68 Asia Pacific Hydraulic Release Brake Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 69 Asia Pacific Hydraulic Release Brake Market Outlook, By Agricultural Machinery (2021-2030) ($MN)
- Table 70 Asia Pacific Hydraulic Release Brake Market Outlook, By Industrial Machinery (2021-2030) ($MN)
- Table 71 Asia Pacific Hydraulic Release Brake Market Outlook, By Military Vehicles (2021-2030) ($MN)
- Table 72 Asia Pacific Hydraulic Release Brake Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 73 South America Hydraulic Release Brake Market Outlook, By Country (2021-2030) ($MN)
- Table 74 South America Hydraulic Release Brake Market Outlook, By Type (2021-2030) ($MN)
- Table 75 South America Hydraulic Release Brake Market Outlook, By Air Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 76 South America Hydraulic Release Brake Market Outlook, By Caliper Release Brakes (2021-2030) ($MN)
- Table 77 South America Hydraulic Release Brake Market Outlook, By Cylinder Release Brakes (2021-2030) ($MN)
- Table 78 South America Hydraulic Release Brake Market Outlook, By Drum Brakes (2021-2030) ($MN)
- Table 79 South America Hydraulic Release Brake Market Outlook, By Piston Release Brakes (2021-2030) ($MN)
- Table 80 South America Hydraulic Release Brake Market Outlook, By Power Release Brakes (2021-2030) ($MN)
- Table 81 South America Hydraulic Release Brake Market Outlook, By Vacuum Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 82 South America Hydraulic Release Brake Market Outlook, By Wedge Release Brakes (2021-2030) ($MN)
- Table 83 South America Hydraulic Release Brake Market Outlook, By Other Types (2021-2030) ($MN)
- Table 84 South America Hydraulic Release Brake Market Outlook, By Application (2021-2030) ($MN)
- Table 85 South America Hydraulic Release Brake Market Outlook, By Automotive (2021-2030) ($MN)
- Table 86 South America Hydraulic Release Brake Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 87 South America Hydraulic Release Brake Market Outlook, By Agricultural Machinery (2021-2030) ($MN)
- Table 88 South America Hydraulic Release Brake Market Outlook, By Industrial Machinery (2021-2030) ($MN)
- Table 89 South America Hydraulic Release Brake Market Outlook, By Military Vehicles (2021-2030) ($MN)
- Table 90 South America Hydraulic Release Brake Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 91 Middle East & Africa Hydraulic Release Brake Market Outlook, By Country (2021-2030) ($MN)
- Table 92 Middle East & Africa Hydraulic Release Brake Market Outlook, By Type (2021-2030) ($MN)
- Table 93 Middle East & Africa Hydraulic Release Brake Market Outlook, By Air Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 94 Middle East & Africa Hydraulic Release Brake Market Outlook, By Caliper Release Brakes (2021-2030) ($MN)
- Table 95 Middle East & Africa Hydraulic Release Brake Market Outlook, By Cylinder Release Brakes (2021-2030) ($MN)
- Table 96 Middle East & Africa Hydraulic Release Brake Market Outlook, By Drum Brakes (2021-2030) ($MN)
- Table 97 Middle East & Africa Hydraulic Release Brake Market Outlook, By Piston Release Brakes (2021-2030) ($MN)
- Table 98 Middle East & Africa Hydraulic Release Brake Market Outlook, By Power Release Brakes (2021-2030) ($MN)
- Table 99 Middle East & Africa Hydraulic Release Brake Market Outlook, By Vacuum Assisted Hydraulic Brakes (2021-2030) ($MN)
- Table 100 Middle East & Africa Hydraulic Release Brake Market Outlook, By Wedge Release Brakes (2021-2030) ($MN)
- Table 101 Middle East & Africa Hydraulic Release Brake Market Outlook, By Other Types (2021-2030) ($MN)
- Table 102 Middle East & Africa Hydraulic Release Brake Market Outlook, By Application (2021-2030) ($MN)
- Table 103 Middle East & Africa Hydraulic Release Brake Market Outlook, By Automotive (2021-2030) ($MN)
- Table 104 Middle East & Africa Hydraulic Release Brake Market Outlook, By Aerospace (2021-2030) ($MN)
- Table 105 Middle East & Africa Hydraulic Release Brake Market Outlook, By Agricultural Machinery (2021-2030) ($MN)
- Table 106 Middle East & Africa Hydraulic Release Brake Market Outlook, By Industrial Machinery (2021-2030) ($MN)
- Table 107 Middle East & Africa Hydraulic Release Brake Market Outlook, By Military Vehicles (2021-2030) ($MN)
- Table 108 Middle East & Africa Hydraulic Release Brake Market Outlook, By Other Applications (2021-2030) ($MN)
