Global Automotive Brake Components Market By Product Type (Brake Caliper, Brake Shoe, Brake Line & Brake Pad), By Vehicle Type (Passenger Car, LCV & M&HCV), By Demand Category (OEMs & Aftermarket), By Region, Competition, Forecast & Opportunities, 2024
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Automotive Brake Components Market size
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Global automotive brake components market stood at $ 79.5 billion in 2018 and is projected to reach $ 117.4 billion by 2024, growing at a CAGR of over 6% during 2019-2024, on account of surging demand for automobiles in developing as well as developed economies.
Stringent government regulations and mandates with reference to vehicular safety norms, in addition to government initiatives in economies such as China and India aimed at boosting vehicle production, is driving global automotive brake components market. The main objective of a brake system is to reduce the speed and stop the vehicle. Automotive braking components, such as brake caliper, brake shoe, brake line and brake pad, are responsible for producing the braking effect in vehicles. Regenerative braking, ABS and other technological advancements have gain popularity over the last decade.
Key Market Drivers
Growing Vehicle Manufacturing
The sustained development of the auto industry is one of the biggest drivers of the auto brake components market. Improved urbanization and consumer purchasing power have improved demand for passenger and commercial vehicles, especially in emerging economies. Automotive companies are increasing manufacturing capacities to supply to consumers, and brake components are a part of each vehicle made. This expansion is complemented by the pursuit of electric and hybrid cars, which need sophisticated braking systems such as regenerative brakes. These trends directly translate into demand for innovative and effective brake components.
Stringent Safety Regulations
Regulatory bodies and authorities have greatly increased the proliferation of advanced braking technologies. They are focusing on safer braking systems, including anti-lock braking systems (ABS) and electronic stability control (ESC). These systems are frequently required in cars, providing improved control during emergencies and difficult driving conditions. Companies are forced to spend on research and development to meet these regulations, thus driving the overall market forward. The inclusion of these features in cars across all segments has caused mass adoption and market expansion.
Technological Advancements
Continuous developments in brake components are revolutionizing the market landscape. Producers are turning to light materials like composites and alloys to enhance performance and fuel economy. Electric vehicle regenerative braking technology is revolutionary, allowing energy recovery and less wear on conventional brake components. Autonomous vehicle developments call for more advanced braking solutions, including automated emergency braking (AEB), increasing the demand for smart and resilient components. In November 2024, Bosch presented new motorcycle technology at EICMA 2024, such as the ABSi system, which comes with an inertial measurement unit for streamlined stability control. Six new features in its Advanced Rider Assistance Systems (ARAS) were also launched for enhanced safety and convenience, offered on the KTM 1390 SUPER ADVENTURE S EVO. Bosch and Ducati introduced race eCBS, an electronic combined braking system for the Panigale V4 S 7G. The technologies are focused on improving rider safety and performance.
Key Market Challenges
High Costs of Advanced Technologies
The combination of cutting-edge braking systems, including AEB, ABS, and ESC, raises the cost of vehicles as a whole. Such high prices may discourage consumers, particularly in cost-sensitive markets, reducing the take-up of such systems. The production process for such components is typically with advanced materials and exacting engineering, raising production costs. The repair and maintenance cost of sophisticated systems is high, making car owners hesitant to upgrade or replace parts.
Wear and Durability Problems
Brake parts, particularly pads, rotors, and calipers, suffer from wear and tear and are replaced constantly. Commercial and high-performance vehicles suffer the most from this wear and tear due to the immense pressure their braking system has to bear. Solutions for these issues involve a lot of research and creation of heat and pressure-resistant materials, further contributing to manufacturing difficulties. A failure to find cost-effective and long-lasting solutions affects consumer satisfaction and brand image.
Complexity of Integration
It involves technically complex integration of sophisticated braking systems into automobiles that needs skills and tools. Integration of different systems like ABS, ESC, and regenerative braking makes it difficult and requires extended development timelines and higher costs for manufacturing. This is further exaggerated in electric and autonomous cars that need high precision and dependability in the braking system. Any integration blunder can make the system go down or have compromised performance and is a source of concern on the safety and reliability fronts.
Important Market Trends
Usage of Regenerative Braking Systems
The proliferation of electric and hybrid cars has made regenerative braking technology a favorite. This technology not only saves energy but also minimizes wear on conventional brake components, leading to their extended lifespan. As governments incentivize EV purchase through subsidies, regenerative braking technology is now common in most modern cars. The trend will make brake component design more innovative with the inclusion of advanced features for better functionality.
Lightweight Material Utilization
To ensure fuel efficiency and performance, companies are now making wide use of lightweight materials such as carbon composites and high-strength alloys in the production of brake components. The use of such materials lightens the vehicle, increases braking efficiency, and enhances overall driving performance. The emphasis on sustainability and lower emissions in the automotive industry has also boosted the use of such materials, and lightweight brake components have become a major trend.
Integration of Smart Technologies
Intelligent braking systems with sensors and data analytics are increasingly popular. The systems provide real-time monitoring of brake performance, wear level, and system health, facilitating predictive maintenance and minimizing the risk of breakdowns. Autonomous and connected cars continue to enhance this trend since they depend greatly on smart braking systems for safety and accuracy of action.
Segmental Insights
Demand Type Insights
The Original Equipment Manufacturer (OEM) segment led the Automotive Brake Components market because it could provide high-quality, dependable components customized to meet the specific needs of a vehicle. OEMs have become go-to suppliers for car manufacturers by providing precision-engineered products that are compliant with high safety standards and performance requirements. Brake part integration at the assembly plant guarantees the best level of compatibility and performance, making OEMs the first preference for automakers. The increasing focus on sophisticated braking technologies like anti-lock braking systems (ABS), electronic stability control (ESC), and adaptive braking systems further solidifies the position of OEMs. The sophisticated systems need careful design and integration, which is best managed by the OEMs through their well-established relationships with automakers. Moreover, OEMs spend a great deal of money on research and development to advance and address changing needs for lighter, more efficient brake parts, especially for hybrid and electric cars. OEM brake parts are enjoyed by strong brand recognition and credibility since their products are linked to high reliability and better performance. Automakers favor OEM brake parts to preserve the integrity of their vehicles and satisfy regulatory requirements. In addition to this, OEMs also give warranties for their components, which is an added value for consumers and manufacturers alike. Innovation focus by the OEM segment, strict quality standards compliance, and integration ability with new braking technologies reinforce its position at the forefront of the Automotive Brake Components market, serving efficiently the demands of new-generation automakers and their buyers.
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Regional Insights
Asia-Pacific led the Automotive Brake Components Market because of its status as a center of global car manufacturing, where some of the world's largest vehicle manufacturers are located. The region enjoys a strong supply base, comprising raw materials, trained human resources, and state-of-the-art manufacturing facilities, that facilitates the mass manufacturing of vehicles and their components. The increasing number of middle-class consumers and higher disposable incomes in nations like China, India, and Southeast Asia fuel strong demand for passenger cars and commercial vehicles, which drive the demand for brake components.
The urbanization and growing road network in the region have boosted the ownership and use of vehicles, especially in the emerging markets, where customers are moving from two-wheelers to passenger vehicles. This trend accelerates the need for high-performance and affordable brake components, meeting both economy and premium vehicle applications. Governmental policies encouraging the use of electric vehicles (EVs) further drive the need for advanced brake systems, such as regenerative braking, optimized for EVs and hybrid cars.
Asia-Pacific's leadership is also supported by having key original equipment manufacturers (OEMs) and aftermarkets suppliers. Such players concentrate on creating technologically sophisticated brake components, like disc brakes and electronic braking systems, to satisfy increasing standards of safety and efficiency. Strict government regulations for vehicle safety and emissions also push automakers toward the implementation of advanced braking technologies, encouraging market growth.
The thriving e-commerce and logistics industries in the region generate immense demand for heavy and light commercial vehicles, again boosting the brake component market. The widespread availability of low-cost production facilities and an enormous base of consumers position Asia-Pacific as an unmatched market leader. These together make Asia-Pacific the most prominent region in the Automotive Brake Components Market.
Recent Developments
In November 2024, Continental launched a motorsport brake control system for the 1,600-hp Bugatti Bolide hypercar. It comprises ABS, ESC, and TCS from Continental Engineering Services' "Motorsports ABS Kit." This is the first application of ESC with carbon-carbon brakes for better track performance.
Alltech Automotive released new brake calipers in its QualityPro brand in November 2024, providing coverage of 85% of remanufactured caliper demand. They support domestic and imported vehicles between 2005 and 2021, as well as cars, trucks, and SUVs.
In January 2024, BLT launched 3D-printed brake calipers for XPeng Motors and its subsidiary XPENG AEROHT. The implementation of Ti-6Al-4V powders and cutting-edge design methods resulted in a weight reduction of 30%. This innovation enhanced functionality as well as the general look of the parts.
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Major Market Players
Brembo N.V.
Continental Automotive Technologies GmbH
ZF Friedrichshafen AG
Akebono Brake Industry Co., Ltd
Robert Bosch GmbH
PHINIA Inc.
HL Mando Corp
TMD Friction Services GmbH
Nisshinbo Brake Inc.
AISIN CORPORATION
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020-2024
Objective of the Study
- To analyze and forecast global automotive brake components market size.
- To classify and forecast global automotive brake components market based on vehicle type, sales channel, product type and regional distribution.
- To identify drivers and challenges for global automotive brake components market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive brake components market.
- To conduct the pricing analysis for global automotive brake components market.
- To identify and analyze the profile of leading players operating in global automotive brake components market.
Key Target Audience
- Automotive brake component manufacturers
- Original Equipment Manufacturers
- Research organizations and consulting companies
- Government bodies such as regulating authorities and policymakers
- Organizations, forums and alliances related to automotive brake components
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners and end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
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