Automotive Hydraulic Brake Systems Market Size - By Component, By Brake, By Vehicle, By Sales Channel, Share, Growth Forecast, 2024 - 2032

Automotive Hydraulic Brake Systems Market Size

The global automotive hydraulic brake systems market size was valued at USD 12.5 billion in 2023 and is projected to grow at a CAGR of 5.2% between 2024 and 2032. There has been an increasing demand for automotive hydraulic brakes systems due to the increase in vehicle production and sales. Economies in Asia Pacific and Latin America have developed due to an increase in disposable incomes and urbanization, which has caused a greater demand for passenger and commercial vehicles.
 

The middle classes in China, India, and Indonesia have triggered significant growth in vehicle production and sales as personal mobility has become a necessity. According to OICA 2023, the global leader in vehicle production is China followed by the United States, Japan, and India. China produced 30.16 million vehicles with a 12 percent increase from previous year statistics. The USA and Japan have produced 10.6 million and 8.99 million vehicles respectively which is a 6% and 15% increase from previous statistics. India’s vehicle production saw a growth of 7% which became 5.85 million.
 

Moreover, consumers are seeking better braking systems along with increased awareness of vehicle safety and stringent government regulations, which is compelling manufacturers to implement modern hydraulic brake technologies. This has been favorable for the market as automobile manufacturers are adopting hydraulic brake systems for vehicle safety and regulatory compliance at a higher rate in regions with established safety measures such as Europe and North America.
 

The amalgamated effect of growing production and sales of vehicles of various categories, including passenger cars, light commercial vehicles, and heavy-duty trucks is an important factor boosting the growth of the automotive hydraulic brake systems industry globally.
 

Automotive Hydraulic Brake Systems Market Trends

The market for automotive hydraulic brake systems is being shaped by developments in advanced driver assistance systems (ADAS) created for vehicles. Adaptive cruise control, automatic emergency braking, and lane keeping assistance are some of the technologies that require responsive braking systems. Furthermore, there is demand for these new features to be integrated within electronic control units (ECUs) with cameras and sensors built into vehicles which are being produced today.
 

Modern systems can release the brakes slightly when required to allow the driver to regain vehicle control after a loss of control or during an accident. Regulatory and safety requirements from consumers are the main factors that have encouraged the introduction of ADAS. A high percentage of regions in Europe and North America are tightening their safety regulations. For instance, the European Union has mandated that all new vehicles sold in the EU after 2024 are equipped with collision detection emergency braking systems and lane-keeping assist technologies. This has resulted in supporting the hydraulic brake systems.
 

The development of electric and autonomous vehicles has also aided the incorporation of ADAS technologies to the hydraulic brake systems. Electric vehicles (EVs) are provided with regenerative brakes that amplify the desired braking effect. ADAS, in combination with these brakes improve the energy consumption of EVs ensuring that sufficient power is left for other functions and on-board services.
 

However, the market for traditional hydraulic brake systems is being challenged with the increasing use of EVs with regenerative braking systems. EVs can capture energy during deceleration, thus allowing them to store some energy in the process and lessen the use of conventional hydraulic brakes. This technology not only reduces the reliance on traditional brakes but also boosts energy efficiency.
 

Automotive Hydraulic Brake Systems Market Analysis

Based on vehicles, the market is segmented into passenger vehicles, commercial vehicles, and electric vehicles. In 2023, the passenger vehicles segment accounted for over 55% of the market share and is expected to exceed USD 11.2 billion by 2032.
 

• Passenger vehicles have the largest share in the automotive hydraulic brake systems market and are adopting modern brake technologies as their advanced features faster than other automotive segments. Manufacturers endorse hydraulic systems over mechanical systems because, in comparison to the latter, they provide improved stopping power, better control, and consistent performance.
   
• Furthermore, innovations such as anti-lock braking systems (ABS) and electronic stability control (ESC) have emerged with the focus on comfort and driving experience. These features ensure the dominance of hydraulic systems in passenger vehicles which provides them a competitive edge in the automotive industry by improving vehicle safety and performance.
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Based on the sales channel, the automotive hydraulic brake systems market is divided into OEM and aftermarket. The OEM segment held 70.5% of the market share in 2023.
 

• OEMs control the market for automotive hydraulic brake systems due to their intimate ties with automakers and their ability to embrace modern technologies. They benefit from economies of scale enabling cost-effective operations and lower prices.
   
• R&D departments are also set up in OEMs to enhance innovations that will comply with changing safety and performance measures. Their impressions of quality and reliability make them the most positive for the automobile manufacturer’s requirements which directly affects the vehicle safety and compliance with regulations.
   
• Strong demand for OEM brake systems gives their business stable ground due to ongoing contracts and business relations with automotive producers.
   

In 2023, the China automotive hydraulic brake systems market accounted for over 50% revenue share in APAC.
 

• The growth of market in the country is supported by the fact that China possesses the strongest industrialization, the highest domestic demand for vehicles, and the strongest manufacturing abilities. For China, being the largest automobile market in the world, it has major advantages, including a strong supply chain and loads of technology and infrastructure investments.
   
• Most of the OEMs and tier-one suppliers for China are manufacturing hydraulic brake systems at low costs, which are highly innovative. The government policies that support the promotion of electric vehicles (EVs) and better road safety have enhanced the adoption of advanced braking systems, which strengthens China’s prowess in the area.
   
• The automotive industry in North America, particularly in the U.S., plays a considerable role in the manufacturing and supplying of automotive hydraulic brake systems, owing to the established automobile industry.
   
• The aftermarket suppliers, as well as the original equipment manufacturers, have a keen presence in the region and ensure that safety protocols are stringently followed. At the same time, the growing use of electric and autonomous vehicles has created opportunities for advanced braking solutions such as regenerative braking systems, which has increased the need for new braking technologies. New brake solutions are rapidly developed and deployed due to the collaboration between technology providers and manufacturers, thus maintaining competition in North America.
   
• The multinational corporations and leading suppliers of automobiles and hybrids have made Europe one of the dominating regions to produce automotive hydraulic brake systems due to their advanced technology and innovation.
   
• This region boasts of having the best manufacturers, which, in turn, improves performance and competition in the markets. The focus on the creation of more electric and hybrid cars has also led to the introduction of new and superior braking systems that provide more efficiency, performance, and innovation in the market.
   
• Furthermore, the reliance on advanced R&D happens to be the stronghold of European manufacturers, followed by their ability to deliver market expectations alongside meeting the regulations. The inclusion of premium car types in highly mature markets also makes surpassing demand for improved performance hydraulic brake systems an achievable goal for Europe.
   

Automotive Hydraulic Brake Systems Market Share

The competition in the automotive hydraulic brake systems industry is composed of many players, including large companies. The market is dominated by Bosch, Continental, ZF Friedrichshafen, Aisin Seiki, Brembo, Hitachi Automotive Systems, and Delphi, who have a solid market technology base and recognition along with a large client list to offer almost any solution, and together these companies commanded a significant market share of 40 percent in the automotive hydraulic brake systems industry in 2023.
 

• By utilizing its international production network and robust relationships with OEMs, Bosch is seeking to improve its competitive position by having reliable customer service and supply chains.
   
• Everyone knows that Bosch is a leader in electric and autonomous vehicles, so Bosch’s commitment to sustainability and the company’s concentration on braking solutions aligns perfectly with the market.
   
• Continental has a close working relationship with all automakers to develop customized solutions to satisfy distinct market needs. Its strong global presence combined with R&D will allow the company to maintain its dominance in the market, putting it in a favorable position for the rapid changes in regulations and consumer preferences.
   
• Moreover, Continental, such as the rest of the industry, is ready for expansion, and so its focus on sustainability and vehicle electrification is commendable.
   

Automotive Hydraulic Brake Systems Market Companies

Major players operating in the automotive hydraulic brake systems industry are:

• Aisin Seiki
• Bosch
• Brembo
• Chassis Brakes International
• Continental
• Delphi
• FTE Automotive
• Haldex
• Hitachi Automotive Systems
• ZF Friedrichshafen
   

Both major players with well-established decades of experience, as well as new firms eager to enter the automotive hydraulic brake systems market, find the competition to be cut-throat. The experienced players benefit from the available resources, established supply chains and their relevant experience while the newer ones strategically combine innovation to gain a foothold.
 

Targeted R&D efforts towards improvement of hydraulic brake systems are substantial as they significantly enhance safety, stability, and overall braking capability in vehicles. Additional technologies such as anti-lock braking systems (ABS) and Electronic Braking Force Distribution (EBD) are also being incorporated to meet and exceed the established regulations.
 

To stay in touch with emerging competition, many companies are developing customer-centric strategies which target relevant customer issues. This includes providing modern solutions such as modular components of brake systems as well as fully integrated systems to cater to various vehicle segments. There is also more focus on customer care and support services such as training on the use and application of hydraulic brake systems for users, to maximize customer satisfaction. In addition, there are also bigger plans to invest into enabling firms to become reliable customers in vehicle safety and technology.
 

Automotive Hydraulic Brake Systems Industry News

• In December 2023, ZF Aftermarket released additional components for SACHS brand shocks, which include Continuous Damping Control (CDC) receptors, and TRW brand brake parts. This greatly enhances its portfolio in the USA and Canada. This expansion broadens the company’s product catalogue and availability to meet the increasing complexity of suspension and braking systems required within North America.
   
• In November 2023 at the Next Generation Mobility Day in Shanghai China, ZF Friedrichshafen AG, an international leader in auto technology, displayed its latest innovation, a part of a software-defined vehicle’s revolutionary brake system called the brake by wire system. ZF's brake-by-wire system is revolutionary as it employs no hydraulic systems or brake fluid which enables endless opportunities for automotive design and development.
   

The automotive hydraulic brake systems market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipment (Unit) from 2021 to 2032, for the following segments:

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Market, By Component

• Master cylinder
• Brake calipers
• Brake fluid
• Brake pads
• Brake rotors
• Brake hoses
• Others

Market, By Brake

• Disc brakes
• Drum brakes

Market, By Vehicle

• Passenger vehicles
  • Hatchback
  • Sedan
  • SUV
• Commercial vehicles
  • Light Commercial Vehicles (LCV)
  • Heavy Commercial Vehicles (HCV)
• Electric vehicles
  • Battery Electric Vehicles (BEV)
  • Plug-in Hybrid Electric Vehicles (PHEV)
  • Hybrid Electric Vehicles (HEV)

Market, By Sales Channel

• OEM
  • Master cylinder
  • Brake calipers
  • Brake fluid
  • Brake pads
  • Brake rotors
  • Brake hoses
  • Others
• Aftermarket
  • Master cylinder
  • Brake calipers
  • Brake fluid
  • Brake pads
  • Brake rotors
  • Brake hoses
  • Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordics
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • UAE
  • Saudi Arabia