A typical automotive brake system or braking system comprises of a brake device having different components, which are used for slowing or stopping down a vehicle. More precisely, these devices decrease or stop the speed of a moving or rotating body by absorbing kinetic energy mechanically or electrically.
Knorr-Bremse, Wabco, Haldex, Nabtesco-Automotive and Sorl Auto Parts are the leaders of the Brake System industry, which take about 60% market share.Asia-Pacific is the major region of the global market, which takes about 57% market share.
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Market Analysis and Insights: Global Brake System Market
In 2020, the global Brake System market size was US$ 11860 million and it is expected to reach US$ 14580 million by the end of 2027, with a CAGR of 3.0% during 2021-2027.
Global Brake System Scope and Market Size
Brake System market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Brake System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Segment by Type, the Brake System market is segmented into
- Disc Brakes
- Drum Brakes
Segment by Application, the Brake System market is segmented into
- Passenger Vehicle
- Commercial Vehicle
Regional and Country-level Analysis:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Competitive Landscape and Brake System Market Share Analysis
Brake System market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Brake System product introduction, recent developments, Brake System sales by region, type, application and by sales channel.
The major companies include:
- ZF
- Aisin
- Akebono Brake Industry
- CBI
- Continental
- Nissin Kogyo
- Mando
- APG
- Knorr-Bremse
- Wabco
- XinYi
- Shandong Aoyou
Reasons to Purchase Our Research Report:
- Analyzing the outlook of the market with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- Analyst support, along with the data support in excel format.
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Table of content
1 Study Coverage
1.1 Brake System Product Introduction
1.2 Market by Type
1.2.1 Global Brake System Market Size Growth Rate by Type
1.2.2 Disc Brakes
1.2.3 Drum Brakes
1.3 Market by Application
1.3.1 Global Brake System Market Size Growth Rate by Application
1.3.2 Passenger Vehicle
1.3.3 Commercial Vehicle
1.4 Study Objectives
1.5 Years Considered
2 Executive Summary
2.1 Global Brake System Market Size Estimates and Forecasts
2.1.1 Global Brake System Revenue 2016-2027
2.1.2 Global Brake System Sales 2016-2027
2.2 Brake System Market Size by Region: 2021 Versus 2027
2.3 Brake System Sales by Region (2016-2027)
2.3.1 Global Brake System Sales by Region: 2016-2021
2.3.2 Global Brake System Sales Forecast by Region (2022-2027)
2.3.3 Global Brake System Sales Market Share by Region (2016-2027)
2.4 Brake System Market Estimates and Projections by Region (2022-2027)
2.4.1 Global Brake System Revenue by Region: 2016-2021
2.4.2 Global Brake System Revenue Forecast by Region (2022-2027)
2.4.3 Global Brake System Revenue Market Share by Region (2016-2027)
3 Global Brake System by Manufacturers
3.1 Global Top Brake System Manufacturers by Sales
3.1.1 Global Brake System Sales by Manufacturer (2016-2021)
3.1.2 Global Brake System Sales Market Share by Manufacturer (2016-2021)
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