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Automotive Brake System Market Share

Report ID: GMI8291
Published Date: Feb 2024
Report Format: PDF

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Automotive Brake System Market Share

Robert Bosch GmbH offers a comprehensive range of brake system solutions, catering to different vehicle types and applications. These include traditional hydraulic braking systems, Advanced ABS, ESC, regenerative braking systems for electric & hybrid vehicles, and brake-by-wire technologies.

Continental AG offers a wide range of brake system solutions tailored to meet the diverse needs of the automotive market. The company invests heavily in research & development to introduce cutting-edge brake system technologies aimed at enhancing vehicle safety, performance, and efficiency.

Automotive Brake System Market Companies

Major companies operating in the automotive brake system industry are:

Robert Bosch GmbH
Continental AG
ADVICS CO., LTD.
AKEBONO BRAKE INDUSTRY CO., LTD.
Hitachi Astemo Ltd.
AISIN CORPORATION
Syensqo

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive brake system surpassed USD 24 billion in revenue in 2023 and is set to witness 5.5% CAGR from 2024 to 2032, owing to the ongoing advancements in brake system technologies like the development of electronic braking systems, regenerative braking systems, and brake-by-wire systems.

The disc brakes segment accounted for over 55% revenue share in 2023, owing to advancements in materials, design & manufacturing processes.

Asia Pacific market is poised to expand at 6% CAGR from 2024 and 2032, driven by the surging demand for automobiles, including passenger cars and commercial vehicles in the region.

Some of the top companies operating in the industry are Robert Bosch GmbH, Continental AG, ADVICS CO., LTD., AKEBONO BRAKE INDUSTRY CO., LTD., Hitachi Astemo Ltd., AISIN CORPORATION, and Syensqo.