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Report

North America Brake System Market Report and Forecast 2023-2028

Market Report I 2023-10-25 I 184 Pages I EMR Inc.

North America Brake System Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the North America brake system market reached a value of approximately USD 10.47 billion in 2022. Aided by the growing demand for automobiles and an increase in safety standards, the market is expected to grow at a CAGR of 4.10% between 2023 and 2028, to reach a value of USD 13.33 billion by 2028.
The brake system is a crucial part of any vehicle, playing a vital role in ensuring safety by enabling controlled deceleration and emergency stops. The system comprises various components including brake pads, callipers, rotors, and master cylinders, and their operational efficiency is critical for vehicle safety. The growing concern for road safety, coupled with stringent regulations mandating the inclusion of specific brake-related safety features in vehicles, is propelling the growth of the brake system market in North America.
The increasing consumer preference for advanced safety features in vehicles is driving the North America brake system market growth. With the rising awareness of vehicle safety, there has been a significant shift towards vehicles equipped with advanced braking systems, such as anti-lock braking system (ABS) and electronic stability control (ESC). Furthermore, the growing demand for electric vehicles and their unique braking requirements has led to an increase in research and development activities in the brake system domain, contributing to the market growth.
The expanding applications of brake systems in various vehicle types also play a significant role in propelling the North America brake system market development. In the commercial vehicle sector, the need for reliable and durable brake systems for heavy-duty use is growing. In the passenger car segment, the focus is on enhancing comfort and safety, leading to advancements in brake technology such as regenerative braking and brake-by-wire systems.
Additionally, the market is also seeing a surge due to the rise in adoption of autonomous and connected vehicles. These vehicles require advanced braking systems that can be controlled electronically and integrated with other vehicle systems for efficient functioning. The development and adoption of these advanced brake systems are anticipated to boost the North America brake system market expansion in the coming years.
The growing trend of vehicle lightweighting for fuel efficiency and emission reduction is also influencing the brake system market. This has led to the development of lightweight brake system components without compromising on performance, driving innovation in the North America brake system market.
Market Segmentation
The market can be divided based on product type, end user, distribution channel, and region.
Market Breakup by Product Type
- Disc Brake
- Hydrostatic Brake
- Hydraulic Wet Brake
- Regenerative and Dynamic Brake
- Others
Market Breakup by End User
- Automotive
- Construction Equipment
- Agriculture Equipment
- Industrial Truck
- Mining Equipment
Market Breakup by Distribution Channel
- Original Equipment Manufacturer (OEM)
- Aftermarket
Market Breakup by Region
- United States of America
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the North America brake system companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Brembo S.P.A.
- Rassini. S.A.B. de C.V. (Formerly Sanluis Corporation)
- Mando Corporation
- The New York Brake Corporation (Knorr - Bremse)
- Haldex AB
- BorgWarner Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Brake System Market Overview
8.1 Key Industry Highlights
8.2 North America Brake System Historical Market (2018-2022)
8.3 North America Brake System Market Forecast (2023-2028)
9 North America Brake System Market by Product Type
9.1 Disc Brake
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Hydrostatic Brake
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
9.3 Hydraulic Wet Brake
9.3.1 Market Share
9.3.2 Historical Trend (2018-2022)
9.3.3 Forecast Trend (2023-2028)
9.4 Regenerative and Dynamic Brake
9.4.1 Market Share
9.4.2 Historical Trend (2018-2022)
9.4.3 Forecast Trend (2023-2028)
9.5 Others
10 North America Brake System Market by End User
10.1 Automotive
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Construction Equipment
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 Agriculture Equipment
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Industrial Truck
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Mining Equipment
10.5.1 Market Share
10.5.2 Historical Trend (2018-2022)
10.5.3 Forecast Trend (2023-2028)
11 North America Brake System Market by Distribution Channel
11.1 Original Equipment Manufacturer (OEM)
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Aftermarket
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
12 North America Brake System Market by Region
12.1 United States of America
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Canada
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Brembo S.P.A.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Rassini. S.A.B. de C.V. (Formerly Sanluis Corporation)
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Mando Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 The New York Brake Corporation (Knorr - Bremse)
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Haldex AB
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 BorgWarner Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Brake System Market: Key Industry Highlights, 2018 and 2028
2. North America Brake System Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. North America Brake System Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. North America Brake System Historical Market: Breakup by End User (USD Million), 2018-2022
5. North America Brake System Market Forecast: Breakup by End User (USD Million), 2023-2028
6. North America Brake System Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. North America Brake System Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. North America Brake System Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Brake System Market Forecast: Breakup by Country (USD Million), 2023-2028
10. North America Brake System Market Structure

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