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Brake System Market byProduct Type (Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet Brake, and Regenerative & Dynamic Braking), Distribution Channel (Original Equipment Manufacturers (OEMs) and Aftermarket) and End Use (Automotive,Construction Equipment,Agricultural Equipment, Industrial Trucks, and Mining Equipment): GlobalOpportunity Analysis and Industry Forecast, 2020–2027

A00871
Pages: 261
Oct 2020 | 7041 Views
 
Author(s) : Omkar Bachal, Abhay Singh , Sonia Mutreja
Tables: 111
Charts: 74
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Brake system Market Statistics Market – 2027 

Brake system is a mechanical or electrical device that enables vehicle slow down or stop as per the driver’s requirement. Brakes are one of the important parts of vehicles. Brake system includes aset of components such as brake pedal, master cylinder, brake calipers, brake shoes, brake disc, brake rotor, brake drum, brake lining, and hoses. Brake system market growth is totally dependent on the performance of the end use industries such as automotive, construction equipment, agricultural equipment, mining equipment,and industrial trucks. To slow down or stop the vehicle or equipment at a desired level is most crucial factor as it is associated with work efficiency and loss of human life. The extreme working conditions such as construction and mining activities require a durable and cost-effective brake system to attain the desired working output. The drum brakes are the commonly usedbrakes across all the end-use industries due to its simple construction andcost effectiveness. 

The factors such as increase in sales & production of commercial vehicles and off-highway trucks, rise instringency of automotive active safety regulations, and impact of new car assessment program (NCAP) on electronic brake systems are expected to drive the global brake system market. However, high development cost of electronic brake systems andhigh installation & maintenance cost are expected to restrain the growth of market during the forecast period. Moreover, regulations related to load carrying capacity and mandates on air brakes installation, introduction of brake-by-wire system, introduction of regenerative braking are anticipatedto supplement the global brake system market growth; thus, providing a better opportunity for the growth of the market in the near future.

Brake-System-2020-2027

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The global brake system market is segmented on the basis of product type, sales channel, end use, and region. Based on product type, the global brake system market has been categorized into disc brakes, drum brakes, hydrostatic brakes, hydraulic wet brakes, and regenerative & dynamic braking. Based on sales channel, the global brake system market has been categorized into original equipment manufacturers (OEM) and aftermarket. Based on end use, the market has been categorized into automotive, construction equipment, agricultural equipment, industrial trucks, and mining equipment. Region wise, the global brake system market has been studied across North America, Europe, Asia-Pacific, and LAMEA.

Key players profiled in the report include AISIN SEIKI Co., Ltd, BREMBO S.P.A., CONTINENTAL AG, Delphi Technologies, HALDEX, Hitachi Automotive Systems, Ltd, KNORR-BREMSE AG, Nissin Kogyo Co., Ltd., Robert Bosch GmbH, and ZF FRIEDRICHSHAFEN AG.

Brake System Market
By Product Type

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Regenerative & Dynamic Braking is projected as the most lucrative segment

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Increase in sales & production of commercial vehicles and off-highway truck 

The brake systems are integral parts of a vehicle. Thus, an increase in commercial vehicle production and sales have a direct impact on the brake system market. For instance, according to the data by the International Organization of Motor Vehicle Manufacturers (OICA), the global sales of commercial vehicles in 2019 was 27 million units, that is, a growth of 3.8% was encountered as compared to 2018. In addition, increase insales of commercial vehicles, primarily driven by the growth of logistics industry, islikely to propel the development of brake systems. Moreover, growth inproduction of commercial vehicles hasled to increase in demand for active safety system. Therefore, companies are implementing and launching active safety technologies such as advanced driver assist systems (ADAS) features in commercial vehicles. For instance, in 2020, Volvo Trucks launched four new generation of heavy-duty trucks. The truck is equipped with advanced driver assist systems (ADAS), which includeforward-collision warning, adaptive cruise control, lane departure warning, and automatic emergency braking. Furthermore, owing to increase inconstruction & infrastructure development projects, rise ininvestments in the mining industry, and surge indemand for technologically advanced trucks, the sales of off-highway trucks is expected to witness growth in the near future. Thus, increase insales & production of commercial vehicles and off-highway trucks fuelthe growth of the brake system market.

Increase instringency of automotive active safety regulations

The governments around the world aremainly focusing on the standard that will lead to increased safety of the driver and passengers. Therefore, the regulatory authorities have established stringent regulations aiming to improve active safety in vehicles.  For instance, the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA) and Insurance Institute for Highway Safety (U.S.), along with 20 prominent vehicle manufacturers, announced to incorporate automatic emergency braking (AEB) systems as a standard feature in all new cars from September 2022. From September 1, 2018, to August 31, 2019, 12 manufacturers equipped more than 75% of their new passenger vehicles with automatic emergency braking (AEB) systems. In addition, theGovernment of India mandated anti-lock braking system (ABS) for all two-wheelers above 125 cc and combined-braking system (CBS) for all two-wheelers below 125 cc, for the launches planned on or after April 1, 2018 to meet the norms. Therefore, stringency of automotive active safety regulations results in increased demand for active safety system in the vehicles. Thus, the brake system manufacturers are focusing on the development of advanced braking system to meet the new regulations, which, in turn, drivesthe growth of the air brake system market.

Brake System Market
By Sales Channel

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Aftermarket is projected as the most lucrative segments

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High development cost of electronic brake systems

Advanced electronic braking systems availthe shortest possible braking distance and enhanced stability of the vehicles; therefore, it is widely employed in most of the premium vehicles these days. However, the cost of electronic braking system is much higher for use in economy class vehicles. Thus, organizations are striving for innovative and affordable solutions for vehicles of all classes. However, the necessary capital expenditure is high for development and commercialization of new braking technologies such as electronic braking systems. Thus, the new and advanced braking technologies have been achieved by only a few major automotive companies because of high initial investment in development of such braking technologies. Therefore, the high development cost of electronic braking system is set to impede the growth of the brake system market.

Regulations related to load carrying capacity and mandates on air brakes installation

The increased transportation of goods by means of roads has led vehicle manufacturers to increase the load carrying capacity of the vehicles. Thus, the governments across the globe have made rules and regulations for the load carrying capacity of the vehicle;thereby, ensuring the safety and security while driving. For instance, the Indian government has increased the load carrying capacity of heavy vehicle by 20%-25% besides scrapping the mandatory annual renewal of fitness certificates for freight carriers. In addition, the government has mandated the use of air brakes in the vehicle for ensuring the safety while driving, which has led to the growth of the market. In addition, owing to the regulations related to load carrying capacity and air brake installation, the leading manufacturers are focusing on development of air brake as per the norms. For instance, in September 2017, Meritor, Inc., a commercial vehicle component manufacturer, introduced the EX+ air disc brakes compatible with tractors and trailers. The EX+ air disc brake has been weight optimized by 10 pounds per brake without sacrificing performance and offers the lightest-weight truck air disc brakes in the market. In addition, in March 2018, Meritor, Inc. received a supply contract from Daimler Trucks North America (DTNA) to provide EX+ L air disc brakes. These EX+ L air disc brakes will be a standard on all wheel positions for DTNA's new freightliner Cascadia model to further enhance safety & performance and to reduced overall vehicle weight. Therefore, the regulations related to load carrying capacity and mandates on air brakes are anticipated to provide numerous opportunities for the brake system market in coming years.

Brake System Market
By End Use

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Automotive is projected as the most lucrative segments

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COVID-19 Impact on Brake System Market

The ongoing COVID-19 health crisis has already hit the world economy harder than the deep recession of 2008. In brake system market, a dramatic negative spike in demand followed by a reduction in manufacturing and shipping, along with inventory management issues has brought on an abrupt change in consumer buying behavior. The COVID impact on the brake system market is unpredictable and it is expected to remain in force till the second quarter of the 2021. The covid-19 outbreak across the globe has forced the central government to give directives to ensure the safety of the workers and to contain the spread of the coronavirus.Many original equipment manufacturers (OEM) will likely soon face liquidity issues as operating cash flow diminishes during the crisis. The brake system manufacturer are slowing down the production as end use industries are experiencing negative momentum.

Brake System Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

Asia Pacific would exhibit the highest CAGR of 8.7% during 2020-2027.

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Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global brake systemmarket analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall brake system market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities ofthe global brake system market with a detailed impact analysis.
  • The current brake systemmarket is quantitatively analyzed from 2020 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Product Type

  • Disc Brakes
  • Drum Brakes
  • Hydrostatic Brakes
  • Hydraulic Wet Brakes
  • Regenerative & Dynamic Braking 

By Sales Channel

  • Original Equipment Manufacturers (OEM)
  • Aftermarket

By End Use

  • Automotive
  • Construction Equipment
  • Agricultural Equipment
  • Industrial Trucks
  • Mining Equipment 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany 
    • France 
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan 
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • AISIN SEIKI Co., Ltd
  • BREMBO S.P.A.
  • CONTINENTAL AG
  • Delphi Technologies
  • HALDEX
  • Hitachi Automotive Systems, Ltd
  • KNORR-BREMSE AG
  • Nissin Kogyo Co., Ltd.
  • Robert Bosch GmbH
  • ZF FRIEDRICHSHAFEN AG.
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Low-to-high bargaining power of suppliers
3.3.2.Moderate-to-high threat of new entrants
3.3.3.Low-to-Moderate threat of substitutes
3.3.4.Low-to-Moderate intensity of rivalry
3.3.5.Low-to-High bargaining power of buyers

3.4.Market share analysis, 2019 (%)
3.5.Market dynamics

3.5.1.Drivers
Increase in sales & production of commercial vehicles and off-highway trucks
Increasing stringency of automotive active safety regulations
Impact of new car assessment program (NCAP) on electronic brake systems
3.5.2.Restraints
High development cost of electronic brake systems
High Installation & Maintenance Cost
3.5.3.Opportunities
Regulations related to load carrying capacity and mandates on air brakes installation
Introduction of brake-by-wire system
Introduction of regenerative braking

3.6.COVID-19 Impact Analysis

CHAPTER 4:BRAKE SYSTEM MARKET, BY PRODUCT TYPE

4.1.Overview
4.2.Disc brake

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country

4.3.Drum brake

4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country

4.4.Hydrostatic brake

4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis by country

4.5.Hydraulic Wet Brake

4.5.1.Key market trends, growth factors and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis by country

4.6.Regenerative & Dynamic Brake

4.6.1.Key market trends, growth factors and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis by country

CHAPTER 5:BRAKE SYSTEM MARKET, BY END-USE

5.1.Overview
5.2.Automotive

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.Construction Equipment

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

5.4.Agricultural Equipment

5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis by country

5.5.Industrial Trucks

5.5.1.Key market trends, growth factors and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis by country

5.6.Mining Equipment

5.6.1.Key market trends, growth factors and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis by country

CHAPTER 6:BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL

6.1.Overview
6.2.Original equipment manufacturers (OEMs)

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.Aftermarket

6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

CHAPTER 7:BRAKE SYSTEM MARKET, BY REGION

7.1.Overview
7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by product type
7.2.3.Market size and forecast, by end use
7.2.4.Market size and forecast, by distribution channel
7.2.5.Market analysis by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by product type
7.2.5.1.2.Market size and forecast, by end use
7.2.5.1.3.Market size and forecast, by distribution channel

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by product type
7.2.5.2.2.Market size and forecast, by end use
7.2.5.2.3.Market size and forecast, by distribution channel

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by product type
7.2.5.3.2.Market size and forecast, by end use
7.2.5.3.3.Market size and forecast, by distribution channel

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by product type
7.3.3.Market size and forecast, by end use
7.3.4.Market size and forecast, by distribution channel
7.3.5.Market analysis by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by product type
7.3.5.1.2.Market size and forecast, by end use
7.3.5.1.3.Market size and forecast, by distribution channel

7.3.5.2.France

7.3.5.2.1.Market size and forecast, by product type
7.3.5.2.2.Market size and forecast, by end use
7.3.5.2.3.Market size and forecast, by distribution channel

7.3.5.3.UK

7.3.5.3.1.Market size and forecast, by product type
7.3.5.3.2.Market size and forecast, by end use
7.3.5.3.3.Market size and forecast, by distribution channel

7.3.5.4.Italy

7.3.5.4.1.Market size and forecast, by product type
7.3.5.4.2.Market size and forecast, by end use
7.3.5.4.3.Market size and forecast, by distribution channel

7.3.5.5.Rest of Europe

7.3.5.5.1.Market size and forecast, by product type
7.3.5.5.2.Market size and forecast, by end use
7.3.5.5.3.Market size and forecast, by distribution channel

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by product type
7.4.3.Market size and forecast, by end-use
7.4.4.Market size and forecast, by distribution channel
7.4.5.Market analysis by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by product type
7.4.5.1.2.Market size and forecast, by end use
7.4.5.1.3.Market size and forecast, by distribution channel

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by product type
7.4.5.2.2.Market size and forecast, by end use
7.4.5.2.3.Market size and forecast, by distribution channel

7.4.5.3.India

7.4.5.3.1.Market size and forecast, by product type
7.4.5.3.2.Market size and forecast, by end use
7.4.5.3.3.Market size and forecast, by distribution channel

7.4.5.4.South Korea

7.4.5.4.1.Market size and forecast, by product type
7.4.5.4.2.Market size and forecast, by end use
7.4.5.4.3.Market size and forecast, by distribution channel

7.4.5.5.Rest of Asia-Pacific

7.4.5.5.1.Market size and forecast, by product type
7.4.5.5.2.Market size and forecast, by end use
7.4.5.5.3.Market size and forecast, by distribution channel

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by product type
7.5.3.Market size and forecast, by end-use
7.5.4.Market size and forecast, by distribution channel
7.5.5.Market analysis by country

7.5.5.1.Latin America

7.5.5.1.1.Market size and forecast, by product type
7.5.5.1.2.Market size and forecast, by end use
7.5.5.1.3.Market size and forecast, by distribution channel

7.5.5.2.Middle East

7.5.5.2.1.Market size and forecast, by product type
7.5.5.2.2.Market size and forecast, by end use
7.5.5.2.3.Market size and forecast, by distribution channel

7.5.5.3.Africa

7.5.5.3.1.Market size and forecast, by product type
7.5.5.3.2.Market size and forecast, by end use
7.5.5.3.3.Market size and forecast, by distribution channel

CHAPTER 8:COMPANY PROFILES

8.1.AISIN SEIKI Co., Ltd.

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance

8.2.BREMBO S.P.A.

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments

8.3.CONTINENTAL AG

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments

8.4.Delphi Technologies

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio
8.4.5.Business performance

8.5.HALDEX

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.Hitachi Automotive Systems, Ltd.

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and developments

8.7.KNORR-BREMSE AG

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and developments

8.8.Nissin Kogyo Co., Ltd.

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Product portfolio
8.8.4.Business performance

8.9.Robert Bosch GmbH

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance
8.9.6.Key strategic moves and developments

8.10.ZF FRIEDRICHSHAFEN AG

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance
8.10.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019-2027 ($MILLION)
TABLE 02.BRAKE SYSTEM MARKET REVENUE FOR DISC BRAKE, BY REGION 2019–2027 ($MILLION)
TABLE 03.BRAKE SYSTEM MARKET REVENUE FOR DRUM BRAKE, BY REGION 2019–2027 ($MILLION)
TABLE 04.BRAKE SYSTEM MARKET REVENUE FOR HYDROSTATIC BRAKE, BY REGION 2019–2027 ($MILLION)
TABLE 05.BRAKE SYSTEM MARKET REVENUE FOR HYDRAULIC WET BRAKE, BY REGION 2019–2027 ($MILLION)
TABLE 06.BRAKE SYSTEM MARKET REVENUE FOR REGENERATIVE & DYNAMIC BRAKE, BY REGION 2019–2027 ($MILLION)
TABLE 07.BRAKE SYSTEM MARKET, BY END-USE, 2019-2027 ($MILLION)
TABLE 08.BRAKE SYSTEM MARKET REVENUE FOR AUTOMOTIVE, BY REGION 2019–2027 ($MILLION)
TABLE 09.BRAKE SYSTEM MARKET REVENUE FOR CONSTRUCTION EQUIPMENT, BY REGION 2019–2027 ($MILLION)
TABLE 10.BRAKE SYSTEM MARKET REVENUE FOR AGRICULTURAL EQUIPMENT, BY REGION 2019–2027 ($MILLION)
TABLE 11.BRAKE SYSTEM MARKET REVENUE FOR INDUSTRIAL TRUCKS, BY REGION 2019–2027 ($MILLION)
TABLE 12.BRAKE SYSTEM MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 13.GLOBAL BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019-2027 ($MILLION)
TABLE 14.BRAKE SYSTEM MARKET REVENUE FOR ORIGINAL EQUIPMENT MANUFACTURERS (OEMS), BY REGION 2019–2027 ($MILLION)
TABLE 15.BRAKE SYSTEM MARKET REVENUE FOR AFTERMARKET, BY REGION 2019–2027 ($MILLION)
TABLE 16.NORTH AMERICA BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 17.NORTH AMERICA BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 18.NORTH AMERICA BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 19.U.S. BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 20.U.S. BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 21.U.S. BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 22.CANADA BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 23.CANADA BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 24.CANADA BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 25.MEXICO BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 26.MEXICO BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 27.MEXICO BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 28.EUROPE BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 29.EUROPE BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 30.EUROPE BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 31.GERMANY BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 32.GERMANY BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 33.GERMANY BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 34.FRANCE BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 35.FRANCE BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 36.FRANCE BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 37.UK BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 38.UK BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 39.UK BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 40.ITALY BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 41.ITALY BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 42.ITALY BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 43.REST OF EUROPE BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 44.REST OF EUROPE BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 45.REST OF EUROPE BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 46.ASIA-PACIFIC BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 47.ASIA-PACIFIC BRAKE SYSTEM MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 48.ASIA-PACIFIC BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 49.CHINA BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 50.CHINA BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 51.CHINA BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 52.JAPAN BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 53.JAPAN BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 54.JAPAN BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 55.INDIA BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 56.INDIA BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 57.INDIA BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 58.SOUTH KOREA BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 59.SOUTH KOREA BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 60.SOUTH KOREA BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 61.REST OF ASIA-PACIFIC BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 62.REST OF ASIA PACIFIC BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 63.REST OF ASIA PACIFIC BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 64.LAMEA BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 65.LAMEA BRAKE SYSTEM MARKET, BY END-USE, 2019–2027 ($MILLION)
TABLE 66.LAMEA BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 67.LATIN AMERICA BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 68.LATIN AMERICA BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 69.LATIN AMERICA BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 70.MIDDLE EAST BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 71.MIDDLE EAST BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 72.MIDDLE EAST BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 73.AFRICA BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 74.AFRICA BRAKE SYSTEM MARKET, BY END USE, 2019–2027 ($MILLION)
TABLE 75.AFRICA BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 76.AISIN SEIKI CO., LTD.: COMPANY SNAPSHOT
TABLE 77.AISIN SEIKI CO., LTD.: OPERATING SEGMENTS
TABLE 78.AISIN SEIKI CO., LTD.: PRODUCT PORTFOLIO
TABLE 79.BREMBO S.P.A.: COMPANY SNAPSHOT
TABLE 80.BREMBO S.P.A.: OPERATING SEGMENTS
TABLE 81.BREMBO S.P.A.: PRODUCT PORTFOLIO
TABLE 82.BREMBO S.P.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 83.CONTINENTAL AG: COMPANY SNAPSHOT
TABLE 84.CONTINENTAL AG: OPERATING SEGMENTS
TABLE 85.CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 86.CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 87.DELPHI TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 88.DELPHI TECHNOLOGIES: OPERATING SEGMENTS
TABLE 89.DELPHI TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 90.HALDEX: COMPANY SNAPSHOT
TABLE 91.HALDEX: OPERATING SEGMENTS
TABLE 92.HALDEX: PRODUCT PORTFOLIO
TABLE 93.HALDEX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 94.HITACHI AUTOMOTIVE SYSTEMS, LTD.: COMPANY SNAPSHOT
TABLE 95.HITACHI AUTOMOTIVE SYSTEMS, LTD.: OPERATING SEGMENTS
TABLE 96.HITACHI AUTOMOTIVE SYSTEMS, LTD.: PRODUCT PORTFOLIO
TABLE 97.HITACHI AUTOMOTIVE SYSTEMS, LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 98.KNORR-BREMSE AG: COMPANY SNAPSHOT
TABLE 99.KNORR-BREMSE AG: OPERATING SEGMENTS
TABLE 100.KNORR-BREMSE AG: PRODUCT PORTFOLIO
TABLE 101.KNORR-BREMSE AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102.NISSIN KOGYO CO., LTD.: COMPANY SNAPSHOT
TABLE 103.NISSIN KOGYO CO., LTD.: PRODUCT PORTFOLIO
TABLE 104.ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 105.ROBERT BOSCH GMBH: OPERATING SEGMENTS
TABLE 106.ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 107.ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 108.ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT
TABLE 109.ZF FRIEDRICHSHAFEN AG: OPERATING SEGMENTS
TABLE 110.ZF FRIEDRICHSHAFEN AG: PRODUCT PORTFOLIO
TABLE 111.ZF FRIEDRICHSHAFEN AG: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017-2020*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2020*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017-2020*
FIGURE 09.MARKET SHARE ANALYSIS, 2019 (%)
FIGURE 10.GLOBAL BRAKE SYSTEM MARKET, BY PRODUCT TYPE, 2019-2027
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR DISC BRAKE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR DRUM BRAKE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR HYDROSTATIC BRAKE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR HYDRAULIC WET BRAKE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR REGENERATIVE & DYNAMIC BRAKE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 16.GLOBAL BRAKE SYSTEM MARKET, BY END-USE, 2019-2027
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR CONSTRUCTION EQUIPMENT, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR AGRICULTURAL EQUIPMENT, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR INDUSTRIAL TRUCKS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 22.GLOBAL BRAKE SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019-2027
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR ORIGINAL EQUIPMENT MANUFACTURERS (OEMS), BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET FOR AFTERMARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 25.BRAKE SYSTEM MARKET, BY REGION, 2019-2027 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 27.U.S. BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 28.CANADA BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 29.MEXICO BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 31.GERMANY BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 32.FRANCE BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 33.UK BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 34.ITALY BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 35.REST OF EUROPE BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 37.CHINA BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 38.JAPAN BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 39.INDIA BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 40.SOUTH KOREA BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 41.REST OF ASIA-PACIFIC BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 42.COMPARATIVE SHARE ANALYSIS OF BRAKE SYSTEM MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 43.LATIN AMERICA BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 44.MIDDLE EAST BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 45.AFRICA BRAKE SYSTEM MARKET, 2019–2027 ($MILLION)
FIGURE 46.AISIN SEIKI CO., LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 47.AISIN SEIKI CO., LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 48.AISIN SEIKI CO., LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 49.BREMBO S.P.A.: REVENUE, 2017–2019 ($MILLION)
FIGURE 50.BREMBO S.P.A.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 51.BREMBO S.P.A.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 52.CONTINENTAL AG: REVENUE, 2017–2019 ($MILLION)
FIGURE 53.CONTINENTAL AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 54.CONTINENTAL AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 55.DELPHI TECHNOLOGIES: REVENUE, 2017–2019 ($MILLION)
FIGURE 56.DELPHI TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 57.DELPHI TECHNOLOGIES: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 58.HALDEX: REVENUE, 2017–2019 ($MILLION)
FIGURE 59.HALDEX: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 60.HALDEX: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 61.HITACHI AUTOMOTIVE SYSTEMS, LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 62.HITACHI AUTOMOTIVE SYSTEMS, LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 63.HITACHI AUTOMOTIVE SYSTEMS, LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 64.KNORR-BREMSE AG: REVENUE, 2017–2019 ($MILLION)
FIGURE 65.KNORR-BREMSE AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 66.KNORR-BREMSE AG: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 67.NISSIN KOGYO CO., LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 68.NISSIN KOGYO CO., LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 69.ROBERT BOSCH GMBH: REVENUE, 2017–2019 ($MILLION)
FIGURE 70.ROBERT BOSCH GMBH: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 71.ROBERT BOSCH GMBH: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 72.ZF FRIEDRICHSHAFEN AG: REVENUE, 2017–2019 ($MILLION)
FIGURE 73.ZF FRIEDRICHSHAFEN AG: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 74.ZF FRIEDRICHSHAFEN AG: REVENUE SHARE BY REGION, 2019 (%)

 
 

Brake system is a mechanical or electrical device that enables vehicle slow down or stop as per the driver’s requirement. Brakes are one of the important parts of vehicles. Brake system includes a set of components such as brake pedal, master cylinder, brake calipers, brake shoes, brake disc, brake rotor, brake drum, brake lining, and hoses. 

The brake system market growth is totally dependent on the performance of the end use industries such as automotive, construction equipment, agricultural equipment, mining equipment, and industrial trucks. The extreme working conditions such as construction and mining activities require a durable and cost-effective brake system to attain the desired working output. The drum brakes are most commonly used brake system across all the end-use industries due to its simple construction and cost effectiveness.

The factors such as increase in sales & production of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and impact of new car assessment program (NCAP) on electronic brake systems are expected to drive the global brake system market. However, high development cost of electronic brake systems and high installation & maintenance cost are expected to restrain the growth of the brake system market during the forecast period. Moreover, regulations related to load carrying capacity and mandates on air brakes installation, introduction of brake-by-wire system, introduction of regenerative braking are anticipated to supplement the global brake system market growth; thus, providing a better opportunity for the growth of the market in the near future.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by Europe, North America, and LAMEA. On the basis of forecast analysis, Asia-Pacific is expected to maintain its lead during the forecast period in terms of revenue generation, owing to manufacturing facilities of automotive, industrial trucks, and construction equipment in the said region. 
 

 
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A. COVID-19 health crisis will have negative impact on the overall supply chain and demand for the brake system owing to slow down in the production acttivities and negative growth of end use industries such as automotive, construction equipment, and material handling equipment.

A. Based on product type, in 2019, the disc brakes holds approximately 30% to 33% of the market share for brake system market.

A. The sample of Global Brake System Market market can be obtained on demand from the website. Our 24*7 chat support system is available on the website which will help the customer to obtain a sample for the report.

A. Agreements, partnerships, product developments, and product launches are the topmost competitive developments which are adopted by the leading market players in the global market

A. AISIN SEIKI Co., Ltd, BREMBO S.P.A., CONTINENTAL AG, Delphi Technologies, HALDEX, Hitachi Automotive Systems, Ltd, KNORR-BREMSE AG, Nissin Kogyo Co., Ltd., Robert Bosch GmbH, and ZF FRIEDRICHSHAFEN AG are the leading players in the global brake system market.

A. The company profiles of the top ten players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. Based on the brake system market analysis, Asia-Pacific accounts to be highest revenue contributor in 2019 and expected to see a lucrative growth provides more business opportunities during the forecast period

A. The service providers of automotive brake system industry are AISIN SEIKI Co., Ltd, BREMBO S.P.A., CONTINENTAL AG, Delphi Technologies, HALDEX, Hitachi Automotive Systems, Ltd, KNORR-BREMSE AG, Nissin Kogyo Co., Ltd., Robert Bosch GmbH, and ZF FRIEDRICHSHAFEN AG.

A. The key growth startegies of global brake system market players includes joint venture, partnership, product launch, and others.

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