The global Automotive Brake System market is expected to grow at a compound annual growth rate (CAGR) of 5.25% during the forecast period (2024-2031). One of the primary drivers of the growth of the market is technological advancement and innovation as it enhances safety and performance. Research in lighter, more reliable, and more durable materials for brake components like rotors and pads reduces the vehicle weight, improves fuel efficiency, and also enhances stopping power. Advanced braking technologies like ABS, ESC, and TCS prevent wheel lockups and skids, which leads to safer and more controlled braking in crucial situations. A new type of braking system has been discovered, just like the regenerative braking system which is specialized for electric vehicles, wherein the captured energy that is lost during braking charges the battery which improves its range and efficiency.
Browse the full report description of “Automotive Brake System Market Size, Share & Trends Analysis Report by Brake Type (Drum Brakes and Disc Brakes), by Technology (Anti-Lock Braking System (ABS), Electronic Stability Control (ESC), Electronic Brake-Force Distribution (EBD), and Others), and by Vehicle Type (Commercial Vehicles and Passenger Vehicles) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/automotive-brake-system-market
For instance, in November 2023, ZF presented its innovative technology portfolio to more than 600 representatives from around 40 Chinese automobile manufacturers at its “Next Generation Mobility Days” customer event in Shanghai.
For instance, in November 2023, ZF presented a new, purely electro-mechanical brake system for the first time at its next-generation mobility day in Shanghai. Compared with conventional braking systems, the new brake-by-wire system, like Integrated Brake Control (IBC), enables shorter braking distances, better recovery of braking energy, and lower maintenance costs.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Brake Type
o By Technology
o Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape includes Aisin Corp., Ltd., Continental AG, Knorr-Bremse AG, Robert Bosch GmbH, ZF Friedrichshafen AG, and others.
Key questions addressed by the report
Global Automotive Brake System Market Report Segment
By Brake Type
By Technology
By Vehicle Type
Global Automotive Brake System Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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