Brake System Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024

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 Brake System Market is forecast to reach $32.02bn after growing at a CAGR of 6.31% during 2020-2025. The increase in production and sales volume of the automobiles along with the rise in demand for electric vehiclesis analyzed to drive the Brake System Market during the forecast period 2020-2025. Apart from this the growing stringency in the traffic safety applications is also analyzed to be a major factor driving the market for advanced brake systems such as antilock braking system, electronic brake force distribution system and so on

Key Takeaways
Asia-Pacific dominates the Brake System Market owing to presence of large manufacturing base of automobilesin this regions.
With the significant increase in the stringent safety regulations electronically controlled brakes hold the major market share over the manual brakes.
The increase in implementation of Advanced driver assistance system (ADAS) along with automatic emergency braking (AEB) is also analyzed to boost the Brake System market during the forecast period 2020-2025.

Technology- Segment Analysis

Electronic Brake system is analyzed to hold a major market share and the market is estimated to witness significant growth rate when compared to the manual braking systems.Electronic brakes hold the major share over drum brakes, pumping brakes, vaccum assisted brake systems. Moreover the sales of electric cars, as indicated by the International Energy Agency has reached 5.1 million units in 2018 and is forecast to touch the mark of 125 million units by 2030 thereby impacting a significant increase in demand for brake systems during the forecast period 2020-2025. 

Application - Segment Analysis

Passenger cars are analyzed to hold the major market and is analyzed to grow at a CAGR of 7.31% in brake systems market during the forecast period 2020-2025. The main factor impacting towards the major market share and growth of the passenger car is the implication of Advanced Driver Assistance Systems (ADAS). Moreover, a sum $65bn has been invested in the development of ADAS in the past three years (2015-2018). Therefore the increased investments towards ADAS are analyzed to impact the brake systems market due to the increase in demand for the employment of electromagnetic and electromagnetic induction braking systems in cars, bikes and so onduring the forecast period. Brake systems are not only employed in cars but also in trains mainly the vacuum brake system.Owing to the safety applications in the usage of the heavy commercial vehicles such as tractors, loaders, excavators in various off highway applications has also been analyzed to positivelyimpact the growth of the brake system market.  

Geography- Segment Analysis

APAC dominated the Brake System Marketwith a share of more than 38%,followed by North America and Europe.China has the largest automobile manufacturing industry in the world. According to OICA, China held 35 percent share in global passenger cars sales in 2017.  India also has excellent potential for automotive industry growth in the future. The country's automotive industry experienced 8% growth in production in 2018,over the previous year.Therefore the automobile industry being the major one in this region and the wide usage of braking systems in the automotive is analyzed to contribute to the major market share of APAC. Moreover the presence of large automobile manufacturing bases and China in the realm of electric vehicles stretching from cars and scooters to buses and heavy commercial vehicles is creating opportunities for brake systems in APAC.
 
Drivers –Brake System Market

Stringent implementation of automotive active safety applications
The increasing accidents due to the brake failure are accounting to 11.4% of the total car accidents. Therefore the government bodies have made the stringent implementation of automotive active safety applications globally to ensure the safety of the people and avoid accidents. For which U.S automobilemanufacturers, have pledged voluntarily to incorporate a low-speed AEB system including forward collision warning (FCW) in all their production by 1st September, 2022. Moreover 10 automakers including Nissan, Toyota and so on have already confirmed employment of automatic emergency braking in more than half of their production between September 1, 2017, and August 31, 2018. 
Challenges – Brake System Market
High cost of Electronic brake systems
Advanced electronic braking system avails the shortest possible braking distance and enhanced stability, therefore it is widely employed in the most of thepremium vehicles these days.However the cost of these advanced braking system is much higher for use in economy class vehicles. Therefore the high cost of electronic braking system is set to impede the market growth during forecast period 

MarketLandscape

Technology launches,acquisitions and R&D activitiesare key strategies adopted by players in the Brake System Market. In 2018, the market of brake systems has been consolidated by the top ten players including Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Wabco Holdings, Inc., Akebono Brake Industry Co Ltd, Autoliv Inc., Brembo S.P.A, Delphi Automotive PLC, Hitachi Automotive Systems, Ltd., Haldex ABamong others. 

Investment & Product Launches
  • In 2017, the Japanese Honda Motor Company has bagged a patent for its invention interrelated to its combined brake system (CBS) for a motorcycle that allows the riders to use both the brakes using a single lever.
  • In 2019, Veoneer Inc., has acquired the Nissin Kogyo's Interests in US Veoneer Nissin Brake Systems (VNBS) Operations in order to focus on the ADAS systems. 

1. Brake System Market - Overview
        1.1 Definitions and Scope
2. Brake System Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Brake System Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Brake System Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Brake System Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Brake System Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Brake System Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Brake System Market - By Product Type (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Brake System Market By Technology (Market Size -$Million / $Billion)
9.1 Antilock Braking System
9.2 Traction Control System
9.3 Electronic Stability Control
9.4 Electronic Brake-Force Distribution
10. Brake System - By Application Type (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Agricultural Tractor
                 10.3.1.1 By Region
                 10.3.1.2 By Brake Type
                 10.3.1.3 By Disc Brake Type
            10.3.2 Construction Equipment
                 10.3.2.1 By Region
                 10.3.2.2 By Disc Brake Type
11. Brake System- By Geography (Market Size -$Million / $Billion)
        11.1 Brake System Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Brake System- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Brake System- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Brake System - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Brake System - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.9.1 Segment type Size and Market Size Analysis
            11.9.2 Revenue and Trend Analysis
            11.9.3 Application Revenue and Trends by type of Application
            11.9.4 Company Revenue and Product Analysis
            11.9.5 Middle East Segment Product type and Application Market Size
                  11.9.5.1 Israel
                  11.9.5.2 Saudi Arabia
                  11.9.5.3 UAE
            11.9.6 Africa Segment Analysis
                  11.9.6.1 South Africa
                  11.9.6.2 Rest of Middle East & Africa
12. Brake System Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Brake System Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at a global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Brake System Market - Key Company List by Country Premium
15. Brake System Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Aisin Seiki Co., Ltd. 
15.3 Akebono Brake Industry Co Ltd
15.4 Autoliv Inc.
15.5 Brembo S.P.A
15.6 Continental AG
15.7 Delphi Automotive PLC
15.8 Federal-Mogul Holdings Corp
15.9 Haldex AB
15.10 Hitachi Automotive Systems, Ltd. 
15.11 Knorr Bremse AG
15.12 Mando Corp.
15.13 Nissin Kogyo Co., Ltd. 
15.14 Robert Bosch GmbH
15.15 Wabco Holdings Inc
15.16 ZF Friedrichshafen AG
15.17 Company 16
15.18 Company 17 & More
*Financials would be provided on a best efforts basis for private companies
16. Brake System Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Brake System Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Electronic Brake System Market By Technology Market 2019-2024 ($M)
1.1 Electronic Brake System Market By Technology Market 2019-2024 ($M) - Global Industry Research
1.2 Antilock Braking System Market 2019-2024 ($M) - Global Industry Research
1.3 Traction Control System Market 2019-2024 ($M) - Global Industry Research
1.4 Electronic Stability Control Market 2019-2024 ($M) - Global Industry Research
1.5 Electronic Brake-Force Distribution Market 2019-2024 ($M) - Global Industry Research
2.Global Electronic Brake System Market By Technology Market 2019-2024 (Volume/Units)
2.1 Electronic Brake System Market By Technology Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Antilock Braking System Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Traction Control System Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 Electronic Stability Control Market 2019-2024 (Volume/Units) - Global Industry Research
2.5 Electronic Brake-Force Distribution Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Electronic Brake System Market By Technology Market 2019-2024 ($M)
3.1 Electronic Brake System Market By Technology Market 2019-2024 ($M) - Regional Industry Research
3.2 Antilock Braking System Market 2019-2024 ($M) - Regional Industry Research
3.3 Traction Control System Market 2019-2024 ($M) - Regional Industry Research
3.4 Electronic Stability Control Market 2019-2024 ($M) - Regional Industry Research
3.5 Electronic Brake-Force Distribution Market 2019-2024 ($M) - Regional Industry Research
4.South America Electronic Brake System Market By Technology Market 2019-2024 ($M)
4.1 Electronic Brake System Market By Technology Market 2019-2024 ($M) - Regional Industry Research
4.2 Antilock Braking System Market 2019-2024 ($M) - Regional Industry Research
4.3 Traction Control System Market 2019-2024 ($M) - Regional Industry Research
4.4 Electronic Stability Control Market 2019-2024 ($M) - Regional Industry Research
4.5 Electronic Brake-Force Distribution Market 2019-2024 ($M) - Regional Industry Research
5.Europe Electronic Brake System Market By Technology Market 2019-2024 ($M)
5.1 Electronic Brake System Market By Technology Market 2019-2024 ($M) - Regional Industry Research
5.2 Antilock Braking System Market 2019-2024 ($M) - Regional Industry Research
5.3 Traction Control System Market 2019-2024 ($M) - Regional Industry Research
5.4 Electronic Stability Control Market 2019-2024 ($M) - Regional Industry Research
5.5 Electronic Brake-Force Distribution Market 2019-2024 ($M) - Regional Industry Research
6.APAC Electronic Brake System Market By Technology Market 2019-2024 ($M)
6.1 Electronic Brake System Market By Technology Market 2019-2024 ($M) - Regional Industry Research
6.2 Antilock Braking System Market 2019-2024 ($M) - Regional Industry Research
6.3 Traction Control System Market 2019-2024 ($M) - Regional Industry Research
6.4 Electronic Stability Control Market 2019-2024 ($M) - Regional Industry Research
6.5 Electronic Brake-Force Distribution Market 2019-2024 ($M) - Regional Industry Research
7.MENA Electronic Brake System Market By Technology Market 2019-2024 ($M)
7.1 Electronic Brake System Market By Technology Market 2019-2024 ($M) - Regional Industry Research
7.2 Antilock Braking System Market 2019-2024 ($M) - Regional Industry Research
7.3 Traction Control System Market 2019-2024 ($M) - Regional Industry Research
7.4 Electronic Stability Control Market 2019-2024 ($M) - Regional Industry Research
7.5 Electronic Brake-Force Distribution Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Brake System Market Revenue, 2019-2024 ($M)
2.Canada Brake System Market Revenue, 2019-2024 ($M)
3.Mexico Brake System Market Revenue, 2019-2024 ($M)
4.Brazil Brake System Market Revenue, 2019-2024 ($M)
5.Argentina Brake System Market Revenue, 2019-2024 ($M)
6.Peru Brake System Market Revenue, 2019-2024 ($M)
7.Colombia Brake System Market Revenue, 2019-2024 ($M)
8.Chile Brake System Market Revenue, 2019-2024 ($M)
9.Rest of South America Brake System Market Revenue, 2019-2024 ($M)
10.UK Brake System Market Revenue, 2019-2024 ($M)
11.Germany Brake System Market Revenue, 2019-2024 ($M)
12.France Brake System Market Revenue, 2019-2024 ($M)
13.Italy Brake System Market Revenue, 2019-2024 ($M)
14.Spain Brake System Market Revenue, 2019-2024 ($M)
15.Rest of Europe Brake System Market Revenue, 2019-2024 ($M)
16.China Brake System Market Revenue, 2019-2024 ($M)
17.India Brake System Market Revenue, 2019-2024 ($M)
18.Japan Brake System Market Revenue, 2019-2024 ($M)
19.South Korea Brake System Market Revenue, 2019-2024 ($M)
20.South Africa Brake System Market Revenue, 2019-2024 ($M)
21.North America Brake System By Application
22.South America Brake System By Application
23.Europe Brake System By Application
24.APAC Brake System By Application
25.MENA Brake System By Application
26.Robert Bosch GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.ZF Friedrichshafen AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Continental AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Mando Corp., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Autoliv Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Akebono Brake Industry Co Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Federal-Mogul Holdings Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Wabco Holdings Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Brembo S.P.A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Knorr Bremse AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Haldex AB, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Delphi Automotive PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)