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Automotive Braking Component Market Share

Report ID: GMI8419
Published Date: Mar 2024
Report Format: PDF

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Automotive Braking Component Market Share

Aisin Seiki Co., Ltd. and Continental AG hold a significant market share of over 15% in the automotive braking component industry. Companies in the automotive braking component industry employ several key strategies to enhance their market foothold. Aisin Seiki Co., Ltd. is a global leader in automotive braking components, offering a comprehensive range of products including brake calipers, master cylinders, brake boosters, and brake pads.

With a strong focus on research & development, Aisin Seiki continually innovates to meet the evolving industry standards and customer needs. The company's reputation for high-quality and reliable braking solutions has solidified its position as a preferred supplier to major automakers worldwide, contributing to its significant presence in the competitive market.

Continental AG is a key player in the automotive braking component market, renowned for its cutting-edge technologies and innovative solutions. The company's extensive portfolio includes brake systems, brake pads, brake discs, and electronic braking systems (ABS and ESC). Continental has also established strong partnerships with leading automakers globally. By leveraging its expertise in engineering & manufacturing, Continental provides advanced braking solutions tailored to the evolving needs of the automotive industry.

Automotive Braking Components Market Companies

Major companies operating in the automotive braking component industry are:

Aisin Seiki Co, Ltd.
Akebono Brake Corporation
Continental AG
Hitachi Astemo, Ltd.
LavaCast
LMB Euroseals (PTY) LTD
Robert Bosch GmbH
Schaeffler AG
Valeo Service
ZF Friedrichshafen AG

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive braking component reached USD 48.2 billion in revenue in 2023 and is set to expand at over 4% CAGR between 2024 and 2032, led by the increasing emphasis on vehicle safety features due to stringent regulatory requirements and heightened consumer awareness.

The brake pad segment accounted for 29% revenue share in 2023, owing to the increasing regulatory standards and consumer preferences for reduced environmental impacts.

Asia Pacific held more than 34% of the market share in 2023, due to the rapid growth of electric vehicles (EVs) and hybrid vehicles in the region.

Some of the leading manufacturers operating in the industry are Aisin Seiki Co, Ltd., Akebono Brake Corporation, Continental AG, Hitachi Astemo, Ltd., LavaCast, LMB Euroseals (PTY) LTD, Robert Bosch GmbH, Schaeffler AG, Valeo Service, and ZF Friedrichshafen AG.