The global automotive brake components market is expected to grow at a CAGR of around 5.8% from 2020 to 2027 and expected to reach the market value of around US$ 124,968.8 Mn by 2027.
Brake components are used in the automotive brake system, which is designed to reduce the speed and stop the vehicle by transmitting force from the driver's foot to the automotive brakes. The brakes further transmit the force to the tires that produce friction with the road to slow and stop the vehicle. There are lots of small and major components involve including brake pedal, brake booster, brake master cylinder, brake lines and hoses, brake calipers and pistons, disc brake pads or brake shoes, anti-lock brake system (ABS) control module, wheel speed sensors, and disc brake rotors or brake drums among others.
Market Dynamics
The increasing implementation of enhanced vehicle safety systems due to stringent safety regulations almost across the globe is driving the market value. The increasing vehicle production and vehicle sales particularly in developing economies are additionally supporting the market value. Moreover, technological advancement and increasing adoption of regenerative braking & ABS are projected to create potential demand over the estimated period.
On the other side, the high cost involved in the incorporation of advanced braking technologies and the use of environmentally harmful materials in brake pads is projected to hamper the growth over the forecast timeframe.
Passenger car is accounting for the major share in the
By vehicle type, the passenger car segment is dominating the global market with around 60% share in terms of value. The segment is projected to experience steady growth over the estimated period from 2020 to 2027. The high demand for passenger vehicles in the global market is particularly supporting the market value.
The market research study on “Automotive Brake Components Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Automotive Brake Components market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global automotive brake components market, its product type, vehicle type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive brake components market size and volume, and segment markets by product type, vehicle type, and geography along with the information on companies operating in the market. The automotive brake components market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific is projected to exhibit fastest growth over the estimated timeframe
In 2019, Asia Pacific dominated the global market with major share the market is further projected to maintain its dominance over the forecast period from 2020 to 2027. The rapid industrialization coupled with the increasing focus of global manufacturers in the major regional economies is supporting the market value. The increasing disposable income is propelling individuals to spend on comfortable and luxury vehicles are further contributing to the market value. The region is also projected to experience major CAGR or fastest growth over the forecast timeframe from 2020 to 2027.
The players profiled in the report include ADVICS CO., LTD, Aisin Seiki Co. Ltd, Akebono Brake Corporation, Brembo S.p.A., Continental AG, Federal-Mogul Holdings LLC, Hitachi Automotive Systems, Ltd, Robert Bosch GmbH, Wabco Holdings Inc., and ZF Friedrichshafen AG. The global manufacturers are expanding their presence by strategic development including mergers and acquisition, partnerships, and new product development. They are also investing in research and development activities for the development of more advanced and safety solutions.
Market Segmentation
Market By Product Type
- Brake Caliper
- Brake Shoe
- Brake Line
- Others
Market By Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicle
Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Automotive Brake Components
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Automotive Brake Components Market By Product Type
1.2.2.1. Global Automotive Brake Components Market Revenue and Growth Rate Comparison By Product Type (2016-2027)
1.2.2.2. Global Automotive Brake Components Market Revenue Share By Product Type in 2019
1.2.2.3. Brake Caliper
1.2.2.4. Brake Shoe
1.2.2.5. Brake Line
1.2.2.6. Others
1.2.3. Automotive Brake Components Market By Vehicle Type
1.2.3.1. Global Automotive Brake Components Market Revenue and Growth Rate Comparison By Vehicle Type (2016-2027)
1.2.3.2. Global Automotive Brake Components Market Revenue Share By Vehicle Type in 2019
1.2.3.3. Passenger Car
1.2.3.4. Light Commercial Vehicle
1.2.3.5. Medium & Heavy Commercial Vehicle
1.2.4. Automotive Brake Components Market By Geography
1.2.4.1. Global Automotive Brake Components Market Revenue and Growth Rate Comparison by Geography (2016-2027)
1.2.4.2. North America Automotive Brake Components Market Revenue and Growth Rate(2016-2027)
1.2.4.3. Europe Automotive Brake Components Market Revenue and Growth Rate(2016-2027)
1.2.4.4. Asia-Pacific Automotive Brake Components Market Revenue and Growth Rate(2016-2027)
1.2.4.5. Latin America Automotive Brake Components Market Revenue and Growth Rate(2016-2027)
1.2.4.6. Middle East and Africa (MEA) Automotive Brake Components Market Revenue and Growth Rate(2016-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2019
CHAPTER 4. AUTOMOTIVE BRAKE COMPONENTS MARKET BY PRODUCT TYPE
4.1. Global Pure Cashmere Revenue By Product Type
4.2. Brake Caliper
4.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.3. Brake Shoe
4.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.4. Brake Line
4.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
4.5. Others
4.5.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 5. AUTOMOTIVE BRAKE COMPONENTS MARKET BY VEHICLE TYPE
5.1. Global Pure Cashmere Revenue By Vehicle Type
5.2. Passenger Car
5.2.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.3. Light Commercial Vehicle
5.3.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
5.4. Medium & Heavy Commercial Vehicle
5.4.1. Market Revenue and Growth Rate, 2016 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2016 - 2027 ($Million)
CHAPTER 6. NORTH AMERICA AUTOMOTIVE BRAKE COMPONENTS MARKET BY COUNTRY
6.1. North America Automotive Brake Components Market Revenue and Growth Rate, 2016 - 2027 ($Million)
6.2. North America Automotive Brake Components Market Revenue Share Comparison, 2016 & 2027 (%)
6.3. U.S.
6.3.1. U.S. Automotive Brake Components Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
6.3.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
6.4.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
CHAPTER 7. EUROPE AUTOMOTIVE BRAKE COMPONENTS MARKET BY COUNTRY
7.1. Europe Automotive Brake Components Market Revenue and Growth Rate, 2016 - 2027 ($Million)
7.2. Europe Automotive Brake Components Market Revenue Share Comparison, 2016 & 2027 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
7.5.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
7.6.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
7.7.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
CHAPTER 8. ASIA-PACIFIC AUTOMOTIVE BRAKE COMPONENTS MARKET BY COUNTRY
8.1. Asia-Pacific Automotive Brake Components Market Revenue and Growth Rate, 2016 - 2027 ($Million)
8.2. Asia-Pacific Automotive Brake Components Market Revenue Share Comparison, 2016 & 2027 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
8.8.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
CHAPTER 9. LATIN AMERICA AUTOMOTIVE BRAKE COMPONENTS MARKET BY COUNTRY
9.1. Latin America Automotive Brake Components Market Revenue and Growth Rate, 2016 - 2027 ($Million)
9.2. Latin America Automotive Brake Components Market Revenue Share Comparison, 2016 & 2027 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA AUTOMOTIVE BRAKE COMPONENTS MARKET BY COUNTRY
10.1. Middle East & Africa Automotive Brake Components Market Revenue and Growth Rate, 2016 - 2027 ($Million)
10.2. Middle East& Africa Automotive Brake Components Market Revenue Share Comparison, 2016 & 2027 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Product Type, 2016 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Vehicle Type, 2016 - 2027 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. ADVICS CO., LTD
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Aisin Seiki Co. Ltd
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Akebono Brake Corporation
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Brembo S.p.A.
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. Continental AG
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Federal-Mogul Holdings LLC
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. Hitachi Automotive Systems, Ltd
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
11.8. Robert Bosch GmbH
11.8.1. Company Snapshot
11.8.2. Overview
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. Key Developments
11.8.6. Strategies
11.9. Wabco Holdings Inc.
11.9.1. Company Snapshot
11.9.2. Overview
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. Key Developments
11.9.6. Strategies
11.10. ZF Friedrichshafen AG
11.10.1. Company Snapshot
11.10.2. Overview
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. Key Developments
11.10.6. Strategies
11.11. Others
11.11.1. Company Snapshot
11.11.2. Overview
11.11.3. Financial Overview
11.11.4. Product Portfolio
11.11.5. Key Developments
11.11.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope