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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, ATV), OHV Brake (Hydraulic Wet, Hydrostatic, Dynamic), Actuation and Region - Global Forecast to 2027
Market Report I 2022-08-16 I 262 Pages I MarketsandMarkets
The brake system market is projected to reach USD 28.1 billion by 2027 from an estimated USD 22.2 billion in 2022, at a CAGR of 4.8% during the forecast period. Various governments globally are implementing safety standards by making safety features such as ABS, ESC, TCS, and EBD mandatory in vehicles. This has strongly driven the electronic brake system market. This demand would further fuelled by the growing popularity of high-end and luxury cars.
Countries such as India, China, Brazil, Mexico, and Argentina focus on enhanced automotive safety standards. However, the high maintenance and repair costs can hinder market growth, especially in developing countries.
"The hydraulic brake is expected to be the largest market, by actuation."
The growth in the production of passenger cars and light commercial vehicles (LCV) is driving the growth of hydraulic brake systems. Advantages such as better heat dissipation than mechanical brakes, better braking power transmission, compact size, and ease of repair due to the readily available brake parts in the aftermarket are instrumental in increasing the penetration of hydraulic brake systems. As the hydraulic brake market is directly linked to the production of passenger cars and LCVs, China, Japan and India are the largest markets for hydraulic brakes. Also, North America and Europe have a significant presence in hydraulic brakes. Still, as the local automobile OEMs outsource their manufacturing to developing countries, the brake products aftermarket is expected to showcase promising growth in these developing regions.
"Passenger Car, brake systems market, would be the fastest-growing market."
Passenger cars contribute to more than 60% of global vehicle production; hence, the segment has the leading demand for brakes. Passenger cars employ two braking systems: service brakes and parking brakes. The market for passenger car brakes is mainly driven by increased production owing to increased personal use cars and ride sharing and government safety mandates. Although advanced brakes are popular in Europe and North America, the increasing penetration of such brakes in Asia Pacific is expected to boost the brake system market. Many countries in Asia Pacific are adopting regulations that requires use of electronic brake system to be compulsorily installed on new vehicles. In April 2019, the Ministry of Road Transport & Highways of India under Bharat NCAP, announced that India will have safety braking features such as electronic stability control and autonomous braking as mandatory features on passenger cars by 2023. The stringency in passenger vehicle safety regulations is projected to increase the adoption of advanced brake systems. Passenger cars in Europe and North America already have significant penetration of advanced brake systems, and this penetration rate is expected to increase in the coming years.
"North America will continue to lead the ATV brake system market in coming years."
The growing popularity of sports/recreational activities, increasing use in farms, and rising number of off-road sports events/championships would drive the global ATV market. This growth in ATVs globally would create opportunities for the ATV brake system market. Australia is the leading market for ATVs in the Asia Pacific; Utility ATVs are the most used ATVs in the Asia Pacific. As most ATVs in Asia Pacific uses drum brakes, the market for ATV drum brake system would be the largest in Asia Pacific.
On the other hand, North America contributes to more than 60% of the global ATV brake system market as it it is the largest ATV market in the world. Factors such as large forests, the prevalence of recreational sports, and use in military and agriculture are instrumental in higher market share of North America in ATV Market. Hence, North America would remain a major ATV brake system market in the forecast period.
"Asia Pacific would register the highest growth in on adoption of electronic advanced brake system during the forecast period"
Asia Pacific has emerged as the largest hub for vehicle production in recent years due to growth in favorable incentives by local governments, growing domestic market, and cost advantages for local automobile OEMs. Manufacturers such as BMW Motors (Germany) and Volkswagen AG (Germany) have already set up their manufacturing units in these countries on a large scale. The rise in automotive production is driving the automotive brake systems market in the region. As of 2022, drum-drum and disc-disc combination is popular with the automobile manufacturers in the region. But with changing preferences of customers in the region, the market for luxury and sports vehicles is growing which is projected to contribute in growth of disc-disc brake combination. Companies such as Aisin Seiki Co., Ltd. (Japan), Akebono Brake Corporation (Japan), Mando Corporation (South Korea), and Hitachi Automotive Systems Ltd. (Japan) have a strong presence in the region. ????????????????????????????????????????Further, China and India are the largest brake system markets in the Asia Pacific region. In China and India, the market for brake systems is driven by the increasing vehicle production in these two countries coupled with regulatory compliance with the UN agreement on approval and recognition for motor vehicle equipment and parts (ECE-R-13). Japan and South Korea also have a significant penetration of electronic braking systems due to their local regulations which comply with advanced braking system regulations stipulated in the US FMVSS105 and European ECE R13-H guidelines. Thus, with the implementation of stringent safety standards, the demand for brake systems is expected to grow further in the coming years.
In-depth interviews were conducted with Vice-presidents, marketing directors, innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: Supply Side- 60%, Demand Side- 40%
- By Designation: C Level - 30%, D Level - 30%, and Others - 40%
- By Region: Asia Pacific- 60%, Europe - 20%, North America - 20%
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), ,actuation (hydraulic and pneumatic), regenerative brake market(BEV and PHEV), and ATV brake system market( Asia Pacific, Europe, North America and RoW)
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.
1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 35
1.2.1 INCLUSIONS & EXCLUSIONS 36
1.3 STUDY SCOPE 37
FIGURE 1 BRAKE SYSTEM MARKET: MARKET SEGMENTATION 37
FIGURE 2 BRAKE SYSTEM MARKET: BY REGION 38
1.4 SUMMARY OF CHANGES 38
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 3 RESEARCH DESIGN 40
FIGURE 4 RESEARCH METHODOLOGY MODEL 41
2.1.1 SECONDARY DATA 41
2.1.1.1 List of key secondary sources 42
2.1.1.2 Key data from secondary sources 43
2.1.2 PRIMARY DATA 44
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, & REGION 44
2.1.2.1 List of primary participants 45
2.2 MARKET ESTIMATION METHODOLOGY 45
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 46
2.2.1 BOTTOM-UP APPROACH 46
FIGURE 7 BRAKE SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (ON- & OFF-HIGHWAY EQUIPMENT AND REGION) 47
2.2.2 TOP-DOWN APPROACH 47
FIGURE 8 BRAKE SYSTEM MARKET SIZE: TOP-DOWN APPROACH (BY ACTUATION) 47
2.3 DATA TRIANGULATION 48
FIGURE 9 DATA TRIANGULATION METHODOLOGY 48
2.4 RESEARCH ASSUMPTIONS 49
2.4.1 GLOBAL ASSUMPTIONS 49
2.4.2 MARKET ASSUMPTIONS 50
2.5 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 52
2.6 FACTOR ANALYSIS 53
2.7 RESEARCH LIMITATIONS 53
3 EXECUTIVE SUMMARY 54
3.1 MARKET SCENARIO 54
3.2 REPORT SUMMARY 55
FIGURE 10 BRAKE SYSTEM MARKET: MARKET OUTLOOK 55
FIGURE 11 BRAKE SYSTEM MARKET, BY REGION, 2022 VS. 2027 (USD MILLION) 56
4 PREMIUM INSIGHTS 58
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BRAKE SYSTEM MARKET 58
FIGURE 12 STRINGENT SAFETY STANDARDS AND GROWING POPULARITY OF DISC BRAKES TO DRIVE MARKET 58
4.2 BRAKE SYSTEM MARKET, BY REGION 59
FIGURE 13 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD 59
4.3 BRAKE SYSTEM MARKET, BY TECHNOLOGY 59
FIGURE 14 ABS SEGMENT ESTIMATED TO HOLD LARGEST MARKET SHARE IN 2022 59
4.4 BRAKE SYSTEM MARKET, BY VEHICLE TYPE 60
FIGURE 15 PASSENGER CAR SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 60
4.5 BRAKE SYSTEM MARKET, BY BRAKE TYPE 60
FIGURE 16 DISC BRAKE SEGMENT PROJECTED TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 60
4.6 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY APPLICATION 61
FIGURE 17 AGRICULTURAL EQUIPMENT SEGMENT PROJECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 61
4.7 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY TYPE 61
FIGURE 18 HYDRAULIC WET BRAKE SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 61
4.8 BRAKE SYSTEM MARKET, BY ACTUATION 62
FIGURE 19 PNEUMATIC BRAKE SEGMENT PROJECTED TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 62
4.9 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION 62
FIGURE 20 ASIA PACIFIC PROJECTED TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 62
4.10 NORTH AMERICA BRAKE FRICTION PRODUCTS AFTERMARKET, BY PRODUCT 63
FIGURE 21 BRAKE DRUM SEGMENT TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD 63
5 MARKET OVERVIEW 64
5.1 INTRODUCTION 64
5.2 MARKET DYNAMICS 65
FIGURE 22 BRAKE SYSTEM MARKET: MARKET DYNAMICS 65
5.2.1 DRIVERS 65
5.2.1.1 Stringent safety regulations 65
5.2.1.1.1 Reduction of required stopping distance for light and heavy-duty vehicles through regulations 65
FIGURE 23 COMPARISON OF STOPPING DISTANCES AT 65 MPH FOR PASSENGER CARS AND TRUCKS IN US 66
FIGURE 24 TOTAL STOPPING DISTANCES FOR PASSENGER CARS AND TRUCKS 66
5.2.1.1.2 Inclusion of advanced brake systems such as ABS and EBD to enhance vehicle safety 66
FIGURE 25 EFFECT OF EBD 67
5.2.1.2 Integration of ACC in electronic braking systems to enhance vehicle handling 67
TABLE 1 VEHICLES WITH ADAPTIVE CRUISE CONTROL 68
FIGURE 26 ANALYSIS OF ELECTRONIC BRAKING SYSTEMS FOR DIFFERENT VEHICLE CLASSES 68
5.2.1.3 Impact of New Car Assessment Program (NCAP) 69
TABLE 2 LOCAL NEW CAR ASSESSMENT PROGRAMS (NCAP) 70
TABLE 3 FACTORS & WEIGHTAGE FOR EURO NCAP RATING 70
5.2.2 RESTRAINTS 71
5.2.2.1 High development and maintenance costs of advanced braking technology 71
TABLE 4 ABS CONTROL MODULE REPAIR COSTS (USD) 71
5.2.3 OPPORTUNITIES 72
5.2.3.1 Adoption of brake-by-wire systems 72
FIGURE 27 BRAKE-BY-WIRE MARKET, BY REGION, 2021 VS. 2025 (USD MILLION) 72
TABLE 5 VEHICLE MODELS WITH BRAKE-BY-WIRE SYSTEMS 73
5.2.3.2 Government regulations to make advanced emergency braking systems mandatory 73
5.2.3.3 Increased use of regenerative braking in EV ecosystem 74
FIGURE 28 ELECTRIC VEHICLE SALES, BY REGION, 2022 VS. 2030 ('000 UNITS) 74
5.2.4 CHALLENGES 75
5.2.4.1 Malfunctioning of electronic braking systems 75
5.2.4.2 Air brake freeze-ups 75
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS 76
FIGURE 29 REVENUE SHIFT FOR BRAKE SYSTEM MARKET 76
5.4 BRAKE SYSTEM MARKET, SCENARIOS (2018-2027) 77
5.5 MARKET ECOSYSTEM 77
TABLE 6 BRAKE SYSTEM MARKET: ECOSYSTEM 77
5.6 TECHNOLOGY ANALYSIS 78
5.7 CASE STUDY ANALYSIS 79
5.7.1 CASE STUDY 1 79
5.7.2 CASE STUDY 2 79
5.8 PATENT ANALYSIS 80
5.9 AVERAGE SELLING PRICE ANALYSIS 81
5.9.1 BY BRAKE TYPE 81
TABLE 7 AVERAGE SELLING PRICE, BY BRAKE TYPE, 2022 (USD) 81
5.9.2 BY VEHICLE TYPE 81
TABLE 8 AVERAGE SELLING PRICE, BY VEHICLE TYPE, 2022 (USD) 81
5.9.3 BY TECHNOLOGY 81
TABLE 9 AVERAGE SELLING PRICE, BY TECHNOLOGY, 2022 (USD) 81
5.10 VALUE CHAIN ANALYSIS 82
FIGURE 30 VALUE CHAIN ANALYSIS: BRAKE SYSTEM MARKET 83
5.11 PORTER'S FIVE FORCES ANALYSIS 84
FIGURE 31 PORTER'S FIVE FORCES ANALYSIS 84
5.11.1 THREAT OF NEW ENTRANTS 84
5.11.2 THREAT OF SUBSTITUTES 85
5.11.3 BARGAINING POWER OF SUPPLIERS 85
5.11.4 BARGAINING POWER OF BUYERS 85
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 85
5.12 TRADE ANALYSIS 86
TABLE 10 TRADE ANALYSIS, VEHICLE PARTS; BRAKES, SERVO-BRAKES, AND PARTS THEREOF 86
5.13 REGULATORY LANDSCAPE 87
5.13.1 US: FEDERAL MOTOR SAFETY STANDARDS FOR BRAKE SYSTEM PARTS 88
TABLE 11 US: FEDERAL MOTOR VEHICLE SAFETY STANDARDS 88
5.13.2 VEHICLE SAFETY STANDARDS, BY COUNTRY/REGION 88
TABLE 12 VEHICLE SAFETY STANDARDS, BY REGION 88
5.13.3 ELECTRONIC BRAKE SYSTEM MANDATES, BY REGION 89
TABLE 13 ELECTRONIC BRAKE SYSTEM MANDATES, BY REGION 89
5.14 KEY STAKEHOLDERS IN BUYING PROCESS & BUYING CRITERIA 90
FIGURE 32 KEY BUYING CRITERIA FOR TOP 2 BRAKE TYPES 90
TABLE 14 KEY BUYING CRITERIA FOR TOP 2 BRAKE TYPES 90
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 91
TABLE 15 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR ON-HIGHWAY VEHICLE APPLICATIONS (%) 91
5.15 KEY CONFERENCES 91
5.15.1 BRAKE SYSTEM MARKET: DETAILED LIST OF UPCOMING CONFERENCES AND EVENTS 91
6 BRAKE SYSTEM MARKET, BY BRAKE TYPE 92
6.1 INTRODUCTION 93
6.1.1 RESEARCH METHODOLOGY 93
6.1.2 ASSUMPTIONS/LIMITATIONS 93
6.1.3 INDUSTRY INSIGHTS 94
FIGURE 33 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022 VS. 2027 (USD MILLION) 94
TABLE 16 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 94
TABLE 17 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 94
TABLE 18 BRAKE SYSTEM MARKET BY BRAKE TYPE, 2018-2021 (USD MILLION) 95
TABLE 19 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 95
6.2 DISC BRAKE 95
6.2.1 BETTER HEAT DISSIPATION AND SELF-ADJUSTING FRICTION MATERIAL TO DRIVE DEMAND 95
TABLE 20 DISC BRAKE MARKET, BY REGION, 2018-2021 ('000 UNITS) 96
TABLE 21 DISC BRAKE MARKET, BY REGION, 2022-2027 ('000 UNITS) 96
TABLE 22 DISC BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 96
TABLE 23 DISC BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 96
6.3 DRUM BRAKE 97
6.3.1 COST-SENSITIVE NATURE OF EMERGING MARKETS EXPECTED TO DRIVE DEMAND 97
TABLE 24 DRUM BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 97
TABLE 25 DRUM BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 97
TABLE 26 DRUM BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 98
TABLE 27 DRUM BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 98
7 BRAKE SYSTEM MARKET, BY TECHNOLOGY 99
7.1 INTRODUCTION 100
7.1.1 RESEARCH METHODOLOGY 100
7.1.2 ASSUMPTIONS/LIMITATIONS 100
7.1.3 INDUSTRY INSIGHTS 100
FIGURE 34 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2022 VS. 2027 ('000 UNITS) 101
TABLE 28 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2018-2021 ('000 UNITS) 101
TABLE 29 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2022-2027 ('000 UNITS) 101
7.2 ANTI-LOCK BRAKE SYSTEM (ABS) 102
7.2.1 REGULATIONS TO MANDATE ABS EXPECTED TO DRIVE SEGMENT 102
TABLE 30 ABS MARKET, BY REGION, 2018-2021 ('000 UNITS) 102
TABLE 31 ABS MARKET, BY REGION, 2022-2027 ('000 UNITS) 102
7.3 ELECTRONIC STABILITY CONTROL (ESC) 103
7.3.1 REDUCTION OF FATALITIES AND TECHNICAL BENEFITS EXPECTED TO DRIVE SEGMENT 103
TABLE 32 ESC MARKET, BY REGION, 2018-2021 ('000 UNITS) 103
TABLE 33 ESC MARKET, BY REGION, 2022-2027 ('000 UNITS) 103
7.4 TRACTION CONTROL SYSTEM (TCS) 104
7.4.1 BETTER TRACTION CONTROL AND LIMITED WHEEL SLIPPAGE EXPECTED TO DRIVE SEGMENT 104
TABLE 34 TCS MARKET, BY REGION, 2018-2021 ('000 UNITS) 104
TABLE 35 TCS MARKET, BY REGION, 2022-2027 ('000 UNITS) 104
7.5 ELECTRONIC BRAKE FORCE DISTRIBUTION (EBD) 105
7.5.1 STRINGENCY IN SAFETY REGULATIONS EXPECTED TO DRIVE SEGMENT 105
TABLE 36 EBD MARKET, BY REGION, 2018-2021 ('000 UNITS) 105
TABLE 37 EBD MARKET, BY REGION, 2022-2027 ('000 UNITS) 105
8 BRAKE SYSTEM MARKET, BY VEHICLE TYPE 106
8.1 INTRODUCTION 107
8.1.1 RESEARCH METHODOLOGY 107
8.1.2 ASSUMPTIONS/LIMITATIONS 107
8.1.3 INDUSTRY INSIGHTS 108
FIGURE 35 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2022 VS. 2027 (USD MILLION) 108
TABLE 38 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018-2021 ('000 UNITS) 108
TABLE 39 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2022-2027 ('000 UNITS) 109
TABLE 40 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 109
TABLE 41 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 109
8.2 PASSENGER CAR 110
8.2.1 STRINGENT SAFETY STANDARDS EXPECTED TO DRIVE SEGMENT 110
TABLE 42 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 110
TABLE 43 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 110
TABLE 44 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 111
TABLE 45 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 111
8.3 LIGHT COMMERCIAL VEHICLE (LCV) 111
8.3.1 GROWING DEMAND FOR ADVANCED BRAKING SYSTEMS EXPECTED TO DRIVE SEGMENT 111
TABLE 46 LCV BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 112
TABLE 47 LCV BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 112
TABLE 48 LCV BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 112
TABLE 49 LCV BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 112
8.4 TRUCK 113
8.4.1 INTRODUCTION OF ELECTRONIC BRAKE SYSTEMS EXPECTED TO DRIVE SEGMENT 113
TABLE 50 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 113
TABLE 51 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 114
TABLE 52 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 114
TABLE 53 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 114
8.5 BUS 115
8.5.1 ADOPTION OF EFFICIENT BRAKE SYSTEMS EXPECTED TO DRIVE SEGMENT 115
TABLE 54 BUS BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 115
TABLE 55 BUS BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 115
TABLE 56 BUS BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 116
TABLE 57 BUS BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 116
9 BRAKE SYSTEM MARKET, BY ACTUATION 117
9.1 INTRODUCTION 118
9.1.1 RESEARCH METHODOLOGY 118
9.1.2 ASSUMPTIONS/LIMITATIONS 118
9.1.3 INDUSTRY INSIGHTS 118
FIGURE 36 BRAKE SYSTEM MARKET, BY ACTUATION, 2022 VS. 2027 ('000 UNITS) 119
TABLE 58 BRAKE SYSTEM MARKET, BY ACTUATION, 2018-2021 ('000 UNITS) 119
TABLE 59 BRAKE SYSTEM MARKET, BY ACTUATION, 2022-2027 ('000 UNITS) 119
9.2 HYDRAULIC BRAKE 120
9.2.1 LIGHT CONSTRUCTION AND LOW OVERALL WEIGHT TO DRIVE DEMAND 120
TABLE 60 HYDRAULIC BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 120
TABLE 61 HYDRAULIC BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 120
9.3 PNEUMATIC BRAKE 121
9.3.1 SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES TO DRIVE DEMAND 121
TABLE 62 PNEUMATIC BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 121
TABLE 63 PNEUMATIC BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 121
10 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY APPLICATION 122
10.1 INTRODUCTION 123
10.1.1 RESEARCH METHODOLOGY 123
10.1.2 ASSUMPTIONS/LIMITATIONS 123
10.1.3 INDUSTRY INSIGHTS 124
FIGURE 37 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION) 124
TABLE 64 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 124
TABLE 65 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 125
TABLE 66 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 125
TABLE 67 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 125
10.2 AGRICULTURAL EQUIPMENT 126
10.2.1 GROWING DEMAND FOR HIGH-POWERED TRACTORS TO DRIVE DEMAND FOR OIL-IMMERSED DISC BRAKES 126
TABLE 68 AGRICULTURAL EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 126
TABLE 69 AGRICULTURAL EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 126
TABLE 70 AGRICULTURAL EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 127
TABLE 71 AGRICULTURAL EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 127
10.3 CONSTRUCTION EQUIPMENT 128
TABLE 72 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 128
TABLE 73 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 128
TABLE 74 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 129
TABLE 75 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 129
10.4 MINING EQUIPMENT 129
TABLE 76 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 130
TABLE 77 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 130
TABLE 78 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 130
TABLE 79 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 131
11 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY BRAKE TYPE 132
11.1 INTRODUCTION 133
11.1.1 RESEARCH METHODOLOGY 133
11.1.2 ASSUMPTIONS/LIMITATIONS 133
11.1.3 INDUSTRY INSIGHTS 134
FIGURE 38 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022 VS. 2027 (USD MILLION) 134
TABLE 80 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 134
TABLE 81 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 135
TABLE 82 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 135
TABLE 83 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 135
11.2 HYDROSTATIC BRAKE 136
11.2.1 INCREASING DEPLOYMENT OF MINING EQUIPMENT WITH HYDROSTATIC BRAKING EXPECTED TO DRIVE SEGMENT 136
TABLE 84 OFF-HIGHWAY EQUIPMENT HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 136
TABLE 85 OFF-HIGHWAY EQUIPMENT HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 136
TABLE 86 OFF-HIGHWAY EQUIPMENT HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 137
TABLE 87 OFF-HIGHWAY EQUIPMENT HYDROSTATIC BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 137
11.3 HYDRAULIC WET BRAKE 137
11.3.1 SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES EXPECTED TO DRIVE SEGMENT 137
TABLE 88 OFF-HIGHWAY EQUIPMENT HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 138
TABLE 89 OFF-HIGHWAY EQUIPMENT HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 138
TABLE 90 OFF-HIGHWAY EQUIPMENT HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 138
TABLE 91 OFF-HIGHWAY EQUIPMENT HYDRAULIC WET BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 139
11.4 DYNAMIC BRAKE 139
11.4.1 STRINGENCY IN SAFETY STANDARDS EXPECTED TO DRIVE SEGMENT 139
TABLE 92 OFF-HIGHWAY EQUIPMENT DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 139
TABLE 93 OFF-HIGHWAY EQUIPMENT DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 140
TABLE 94 OFF-HIGHWAY EQUIPMENT DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 140
TABLE 95 OFF-HIGHWAY EQUIPMENT DYNAMIC BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 140
11.5 OTHERS 141
TABLE 96 OFF-HIGHWAY EQUIPMENT OTHER BRAKE SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 141
TABLE 97 OFF-HIGHWAY EQUIPMENT OTHER BRAKE SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 141
TABLE 98 OFF-HIGHWAY EQUIPMENT OTHER BRAKE SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 141
TABLE 99 OFF-HIGHWAY EQUIPMENT OTHER BRAKE SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 142
12 NORTH AMERICA BRAKE FRICTION PRODUCTS AFTERMARKET, BY PRODUCT 143
12.1 INTRODUCTION 144
12.1.1 RESEARCH METHODOLOGY 144
12.1.2 ASSUMPTIONS/LIMITATIONS 144
12.1.3 INDUSTRY INSIGHTS 145
FIGURE 39 NORTH AMERICA BRAKE FRICTION PRODUCTS AFTERMARKET, BY PRODUCT, 2022 VS. 2027 (USD MILLION) 145
TABLE 100 NORTH AMERICA BRAKE FRICTION PRODUCTS AFTERMARKET, BY PRODUCT, 2018-2021 (MILLION UNITS) 146
TABLE 101 NORTH AMERICA BRAKE FRICTION PRODUCTS AFTERMARKET, BY PRODUCT, 2022-2027 (MILLION UNITS) 146
TABLE 102 NORTH AMERICA BRAKE FRICTION PRODUCTS AFTERMARKET, BY PRODUCT, 2018-2021 (USD MILLION) 146
TABLE 103 NORTH AMERICA BRAKE FRICTION PRODUCTS AFTERMARKET, BY PRODUCT, 2022-2027 (USD MILLION) 147
13 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION 149
13.1 INTRODUCTION 150
13.1.1 RESEARCH METHODOLOGY 150
13.1.2 ASSUMPTIONS/LIMITATIONS 150
13.1.3 INDUSTRY INSIGHTS 151
FIGURE 40 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2022 VS. 2027 (USD MILLION) 151
TABLE 104 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 151
TABLE 105 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 152
TABLE 106 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 152
TABLE 107 ALL-TERRAIN VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2022-2027( USD MILLION) 152
14 REGENERATIVE BRAKING SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE 154
14.1 INTRODUCTION 155
14.1.1 RESEARCH METHODOLOGY 155
14.1.2 ASSUMPTIONS/LIMITATIONS 155
14.1.3 INDUSTRY INSIGHTS 155
FIGURE 41 REGENERATIVE BRAKING SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2022 VS. 2027 (USD MILLION) 156
TABLE 108 REGENERATIVE BRAKING SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2018-2021 ('000 UNITS) 156
TABLE 109 REGENERATIVE BRAKING SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2022-2027 ('000 UNITS) 156
TABLE 110 REGENERATIVE BRAKING SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2018-2021 (USD MILLION) 157
TABLE 111 REGENERATIVE BRAKING SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2022-2027 (USD MILLION) 157
14.2 BEV 157
14.2.1 ATTRACTIVE GOVERNMENT INITIATIVES AND STRINGENT EMISSION STANDARDS TO DRIVE BEV SALES 157
TABLE 112 BEV REGENERATIVE BRAKING SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 157
TABLE 113 BEV REGENERATIVE BRAKING SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 158
TABLE 114 BEV REGENERATIVE BRAKING SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 158
TABLE 115 BEV REGENERATIVE BRAKING SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 158
14.3 PHEV 159
14.3.1 GROWING SALES DUE TO STRINGENT EMISSION STANDARDS TO DRIVE DEMAND 159
TABLE 116 PHEV REGENERATIVE BRAKING SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 159
TABLE 117 PHEV REGENERATIVE BRAKING SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 159
TABLE 118 PHEV REGENERATIVE BRAKING SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 159
TABLE 119 PHEV REGENERATIVE BRAKING SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 160
15 BRAKE SYSTEM MARKET, BY REGION 161
15.1 INTRODUCTION 162
15.1.1 RESEARCH METHODOLOGY 162
15.1.2 ASSUMPTIONS/LIMITATIONS 163
15.1.3 INDUSTRY INSIGHTS 163
FIGURE 42 BRAKE SYSTEM MARKET, BY REGION, 2022 VS. 2027 (USD MILLION) 163
TABLE 120 BRAKE SYSTEM MARKET, BY REGION, 2018-2021 ('000 UNITS) 164
TABLE 121 BRAKE SYSTEM MARKET, BY REGION, 2022-2027 ('000 UNITS) 164
TABLE 122 BRAKE SYSTEM MARKET, BY REGION, 2018-2021 (USD MILLION) 164
TABLE 123 BRAKE SYSTEM MARKET, BY REGION, 2022-2027 (USD MILLION) 165
15.2 ASIA PACIFIC 165
FIGURE 43 ASIA PACIFIC BRAKE SYSTEM MARKET SNAPSHOT 166
TABLE 124 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2018-2021 ('000 UNITS) 166
TABLE 125 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2022-2027 ('000 UNITS) 167
TABLE 126 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 167
TABLE 127 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 167
15.2.1 CHINA 168
15.2.1.1 Growing vehicle production to drive market 168
TABLE 128 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 168
TABLE 129 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 168
TABLE 130 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 168
TABLE 131 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 169
15.2.2 INDIA 169
15.2.2.1 Stringency in safety standards to drive market 169
TABLE 132 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 169
TABLE 133 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 170
TABLE 134 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 170
TABLE 135 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 170
15.2.3 JAPAN 170
15.2.3.1 Rising penetration of automatic braking systems to drive market 170
TABLE 136 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 171
TABLE 137 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 171
TABLE 138 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 171
TABLE 139 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 171
15.2.4 SOUTH KOREA 172
15.2.4.1 Government mandates for implementation of advanced brake systems to drive market 172
TABLE 140 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 172
TABLE 141 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 172
TABLE 142 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 172
TABLE 143 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 172
15.2.5 REST OF ASIA PACIFIC 173
TABLE 144 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 173
TABLE 145 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 173
TABLE 146 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 174
TABLE 147 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 174
15.3 EUROPE 174
FIGURE 44 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2022 VS. 2027 175
TABLE 148 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2018-2021 ('000 UNITS) 175
TABLE 149 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2022-2027 ('000 UNITS) 175
TABLE 150 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 176
TABLE 151 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 176
15.3.1 GERMANY 176
15.3.1.1 Implementation of advanced emergency braking systems as standard fitment to drive market 176
TABLE 152 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 177
TABLE 153 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 177
TABLE 154 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 177
TABLE 155 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 177
15.3.2 FRANCE 178
15.3.2.1 Increasing penetration of disc brakes to drive market 178
TABLE 156 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 178
TABLE 157 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 178
TABLE 158 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 178
TABLE 159 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 178
15.3.3 SPAIN 179
15.3.3.1 Implementation of AEB in passenger cars to drive market 179
TABLE 160 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 179
TABLE 161 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 179
TABLE 162 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 179
TABLE 163 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 180
15.3.4 ITALY 180
15.3.4.1 Regulations mandating AEB to drive market 180
TABLE 164 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 180
TABLE 165 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 180
TABLE 166 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 180
TABLE 167 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 181
15.3.5 UK 181
15.3.5.1 Increasing adoption of ABS and ESC to drive market 181
TABLE 168 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 181
TABLE 169 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 181
TABLE 170 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 182
TABLE 171 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 182
15.3.6 REST OF EUROPE 182
TABLE 172 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 182
TABLE 173 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 182
TABLE 174 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 183
TABLE 175 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 183
15.4 NORTH AMERICA 183
FIGURE 45 NORTH AMERICA: BRAKE SYSTEM MARKET SNAPSHOT 184
TABLE 176 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2018-2021 ('000 UNITS) 184
TABLE 177 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2022-2027 ('000 UNITS) 185
TABLE 178 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 185
TABLE 179 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 185
15.4.1 US 185
15.4.1.1 Regulations to reduce stopping distance in commercial vehicles to drive market 185
TABLE 180 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 186
TABLE 181 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 186
TABLE 182 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 186
TABLE 183 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 186
15.4.2 CANADA 187
15.4.2.1 Mandatory features such as ABS and ESC to drive market 187
TABLE 184 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 187
TABLE 185 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 187
TABLE 186 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 187
TABLE 187 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 188
15.4.3 MEXICO 188
15.4.3.1 Free trade agreements promoting domestic production of brake system components to drive market 188
TABLE 188 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 188
TABLE 189 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 188
TABLE 190 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 189
TABLE 191 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 189
15.5 REST OF THE WORLD (ROW) 189
FIGURE 46 ROW: BRAKE SYSTEM MARKET, BY COUNTRY, 2022 VS. 2027 (USD MILLION) 190
TABLE 192 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2018-2021 ('000 UNITS) 190
TABLE 193 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2022-2027 ('000 UNITS) 190
TABLE 194 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 191
TABLE 195 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 191
15.5.1 BRAZIL 191
15.5.1.1 Setting up of local plants for brake system components to drive market 191
TABLE 196 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 191
TABLE 197 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 192
TABLE 198 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 192
TABLE 199 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 192
15.5.2 TURKEY 192
15.5.2.1 Lower manufacturing and labor costs to drive market 192
TABLE 200 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 193
TABLE 201 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 193
TABLE 202 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 193
TABLE 203 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 193
15.5.3 RUSSIA 194
15.5.3.1 Increasing adoption of disc brakes in LCVs to drive market 194
TABLE 204 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 194
TABLE 205 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 194
TABLE 206 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 194
TABLE 207 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 194
15.5.4 OTHERS 195
TABLE 208 OTHERS: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 ('000 UNITS) 195
TABLE 209 OTHERS: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 ('000 UNITS) 195
TABLE 210 OTHERS: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2018-2021 (USD MILLION) 195
TABLE 211 OTHERS: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2022-2027 (USD MILLION) 195
16 COMPETITIVE LANDSCAPE 196
16.1 OVERVIEW 196
16.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 196
TABLE 212 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT AS KEY GROWTH STRATEGY, 2019-2021 196
16.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2019-2021 198
16.4 MARKET SHARE ANALYSIS 199
TABLE 213 MARKET STRUCTURE, 2021 199
FIGURE 47 BRAKE SYSTEM MARKET SHARE ANALYSIS, 2021 199
16.5 COMPETITIVE LEADERSHIP MAPPING 200
16.5.1 STARS 200
16.5.2 EMERGING LEADERS 200
16.5.3 PERVASIVE PLAYERS 200
16.5.4 PARTICIPANTS 200
FIGURE 48 COMPETITIVE LEADERSHIP MAPPING: BRAKE SYSTEM MANUFACTURERS 201
TABLE 214 BRAKE SYSTEM MARKET: COMPANY FOOTPRINT 202
TABLE 215 COMPANY TECHNOLOGY FOOTPRINT 203
TABLE 216 COMPANY REGION FOOTPRINT (19 COMPANIES) 204
16.6 COMPETITIVE LEADERSHIP MAPPING: OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MANUFACTURERS 205
16.6.1 STARS 205
16.6.2 EMERGING LEADERS 205
16.6.3 PERVASIVE PLAYERS 205
16.6.4 PARTICIPANTS 205
FIGURE 49 COMPETITIVE LEADERSHIP MAPPING: OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MANUFACTURERS 206
TABLE 217 OFF-HIGHWAY EQUIPMENT BRAKE SYSTEM MARKET: COMPANY FOOTPRINT 207
TABLE 218 COMPANY INDUSTRY FOOTPRINT (OFF-HIGHWAY EQUIPMENT) (12 COMPANIES) 208
TABLE 219 COMPANY REGION FOOTPRINT (OFF-HIGHWAY EQUIPMENT) (12 COMPANIES) 209
16.7 COMPETITIVE SCENARIO 209
16.8 NEW PRODUCT LAUNCHES 210
TABLE 220 NEW PRODUCT DEVELOPMENT, 2018-2022 210
16.9 DEALS, AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, EXPANSION, AND JOINT VENTURES 213
TABLE 221 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES, 2018-2022 213
17 COMPANY PROFILES 216
(Business overview, Products/Solutions offered, Recent Developments, SWOT analysis, MNM view)*
17.1 KEY PLAYERS 216
17.1.1 CONTINENTAL AG 216
TABLE 222 CONTINENTAL AG: BUSINESS OVERVIEW 216
FIGURE 50 CONTINENTAL AG: COMPANY SNAPSHOT 217
TABLE 223 CONTINENTAL AG: PRODUCTS OFFERED 217
TABLE 224 CONTINENTAL AG: NEW PRODUCT DEVELOPMENTS 218
TABLE 225 CONTINENTAL AG: DEALS 218
17.1.2 ROBERT BOSCH GMBH 220
TABLE 226 ROBERT BOSCH GMBH: BUSINESS OVERVIEW 220
FIGURE 51 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 221
TABLE 227 ROBERT BOSCH GMBH: PRODUCTS OFFERED 221
TABLE 228 ROBERT BOSCH GMBH: NEW PRODUCT DEVELOPMENTS 222
TABLE 229 ROBERT BOSCH GMBH: DEALS 222
17.1.3 ZF FRIEDRICHSHAFEN AG 224
TABLE 230 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW 224
FIGURE 52 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT 225
TABLE 231 ZF FRIEDRICHSHAFEN AG: PRODUCTS OFFERED 225
TABLE 232 ZF FRIEDRICHSHAFEN AG: NEW PRODUCT DEVELOPMENTS 226
TABLE 233 ZF FRIEDRICHSHAFEN AG: DEALS 227
17.1.4 AKEBONO BRAKE INDUSTRY CO., LTD. 228
TABLE 234 AKEBONO BRAKE INDUSTRY CO., LTD.: BUSINESS OVERVIEW 228
FIGURE 53 AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY SNAPSHOT 228
TABLE 235 AKEBONO BRAKE INDUSTRY CO., LTD.: PRODUCTS OFFERED 229
TABLE 236 AKEBONO BRAKE INDUSTRY CO., LTD.: NEW PRODUCT DEVELOPMENTS 229
17.1.5 BREMBO S.P.A. 231
TABLE 237 BREMBO S.P.A.: BUSINESS OVERVIEW 231
FIGURE 54 BREMBO S.P.A.: COMPANY SNAPSHOT 231
TABLE 238 BREMBO S.P.A.: PRODUCTS OFFERED 232
TABLE 239 BREMBO S.P.A.: NEW PRODUCT DEVELOPMENTS 232
TABLE 240 BREMBO S.P.A.: DEALS 233
17.1.6 AISIN SEIKI CO., LTD. 235
TABLE 241 AISIN SEIKI CO., LTD.: BUSINESS OVERVIEW 235
FIGURE 55 AISIN SEIKI CO., LTD.: COMPANY SNAPSHOT 235
TABLE 242 AISIN SEIKI CO., LTD.: PRODUCTS OFFERED 236
TABLE 243 AISIN SEIKI CO., LTD.: DEALS 236
17.1.7 HITACHI ASTEMO LTD. 237
TABLE 244 HITACHI ASTEMO LTD.: BUSINESS OVERVIEW 237
FIGURE 56 HITACHI ASTEMO LTD.: COMPANY SNAPSHOT 237
TABLE 245 HITACHI ASTEMO LTD.: PRODUCTS OFFERED 238
TABLE 246 HITACHI ASTEMO LTD.: DEALS 239
17.1.8 KNORR-BREMSE AG 240
TABLE 247 KNORR-BREMSE AG: BUSINESS OVERVIEW 240
FIGURE 57 KNORR-BREMSE AG: COMPANY SNAPSHOT 240
TABLE 248 KNORR-BREMSE AG: PRODUCTS OFFERED 241
17.1.9 HALDEX AB 242
TABLE 249 HALDEX AB: BUSINESS OVERVIEW 242
FIGURE 58 HALDEX AB: COMPANY SNAPSHOT 243
TABLE 250 HALDEX AB: PRODUCTS OFFERED 243
TABLE 251 HALDEX AB: NEW PRODUCT DEVELOPMENTS 244
TABLE 252 HALDEX AB: DEALS 244
17.1.10 DENSO CORPORATION 245
TABLE 253 DENSO CORPORATION: BUSINESS OVERVIEW 245
FIGURE 59 DENSO CORPORATION: COMPANY SNAPSHOT 246
TABLE 254 DENSO CORPORATION: PRODUCTS OFFERED 246
17.2 OTHER PLAYERS 247
17.2.1 MANDO CORPORATION 247
TABLE 255 MANDO CORPORATION: BUSINESS OVERVIEW 247
17.2.2 HYUNDAI MOBIS CO., LTD. 247
TABLE 256 HYUNDAI MOBIS CO., LTD.: BUSINESS OVERVIEW 247
17.2.3 WUHAN YOUFIN AUTO PARTS CO., LTD. 248
TABLE 257 WUHAN YOUFIN AUTO PARTS CO., LTD.: BUSINESS OVERVIEW 248
17.2.4 ADVICS CO., LTD. 248
TABLE 258 ADVICS CO., LTD.: BUSINESS OVERVIEW 248
17.2.5 WUHU BETHEL AUTOMOTIVE SAFETY SYSTEM CO., LTD. (WBTL) 249
TABLE 259 WUHU BETHEL AUTOMOTIVE SAFETY SYSTEM CO., LTD.: BUSINESS OVERVIEW 249
17.2.6 BERINGER 250
TABLE 260 BERINGER: BUSINESS OVERVIEW 250
17.2.7 EBC BRAKES 250
TABLE 261 EBC BRAKES: BUSINESS OVERVIEW 250
17.2.8 NIFO SRL 251
TABLE 262 NIFO SRL: BUSINESS OVERVIEW 251
17.2.9 BWI NORTH AMERICA INC 252
TABLE 263 BWI NORTH AMERICA INC: BUSINESS OVERVIEW 252
17.2.10 MERITOR, INC. 253
TABLE 264 MERITOR INC.: BUSINESS OVERVIEW 253
17.3 NORTH AMERICA PLAYERS - COMPANY PROFILES 254
17.3.1 BRAKE PARTS INC. LLC 254
TABLE 265 BRAKE PARTS INC. LLC: BUSINESS OVERVIEW 254
17.3.2 JACOBS VEHICLE SYSTEMS, INC. 254
TABLE 266 JACOBS VEHICLE SYSTEMS, INC.: BUSINESS OVERVIEW 254
17.3.3 WAGNER BRAKE 255
TABLE 267 WAGNER BRAKE: BUSINESS OVERVIEW 255
17.3.4 BLUDOT MANUFACTURING 255
TABLE 268 BLUDOT MANUFACTURING: BUSINESS OVERVIEW 255
17.3.5 CARLISLE BRAKE & FRICTION 256
TABLE 269 CARLISLE BRAKE & FRICTION: BUSINESS OVERVIEW 256
17.3.6 AMETEK INC. 256
TABLE 270 AMETEK INC.: BUSINESS OVERVIEW 256
17.3.7 AUSCO PRODUCTS, INC. 257
TABLE 271 AUSCO PRODUCTS, INC.: BUSINESS OVERVIEW 257
17.3.8 MULLER BRAKES AMERICA INC. 257
TABLE 272 MULLER BRAKES AMERICA INC.: BUSINESS OVERVIEW 257
17.3.9 MOMENTUM USA, INC. 258
TABLE 273 MOMENTUM USA INC.: BUSINESS OVERVIEW 258
17.3.10 MIDWEST BRAKE 258
TABLE 274 MIDWEST BRAKE: BUSINESS OVERVIEW 258
*Details on Business overview, Products/Solutions offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
18 RECOMMENDATIONS BY MARKETSANDMARKETS 259
18.1 ASIA PACIFIC: POTENTIAL MARKET FOR BRAKE SYSTEMS 259
18.2 COMPANIES SHOULD FOCUS ON DISC BRAKES 259
18.3 GROWING DEMAND FOR HYDRAULIC WET BRAKES IN AGRICULTURAL TRACTORS 260
18.4 CONCLUSION 260
19 APPENDIX 261
19.1 CURRENCY & PRICING 261
TABLE 275 CURRENCY EXCHANGE RATES (WRT PER USD) 261
19.2 INSIGHTS FROM INDUSTRY EXPERTS 262
19.3 DISCUSSION GUIDE 263
19.4 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 267
19.5 CUSTOMIZATION OPTIONS 269
19.5.1 ALL-TERRAIN VEHICLES BRAKE SYSTEM MARKET, BY BRAKE TYPE 269
19.5.1.1 Drum 269
19.5.1.2 Disc 269
19.5.2 HYDRAULIC DISC BRAKE SYSTEM MARKET, BY REGION 269
19.5.2.1 Asia Pacific 269
19.5.2.2 Europe 269
19.5.2.3 North America 269
19.5.2.4 RoW 269
19.5.3 HYDRAULIC DRUM BRAKE SYSTEM MARKET, BY REGION 269
19.5.3.1 Asia Pacific 269
19.5.3.2 Europe 269
19.5.3.3 North America 269
19.5.3.4 RoW 269
19.5.4 PNEUMATIC DRUM BRAKE SYSTEM MARKET, BY REGION 269
19.5.4.1 Asia Pacific 269
19.5.4.2 Europe 269
19.5.4.3 North America 269
19.5.4.4 RoW 269
19.5.5 PNEUMATIC DISC BRAKE SYSTEM MARKET, BY REGION 269
19.5.5.1 Asia Pacific 269
19.5.5.2 Europe 269
19.5.5.3 North America 269
19.5.5.4 RoW 269
19.6 RELATED REPORTS 270
19.7 AUTHOR DETAILS 271
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With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Check for Alternatives
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Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
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- Confirm Content
- Prices / Formats / Delivery
- Prices
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All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Discounts
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As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Available Currencies
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Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security