Global Automotive Brake System & Components Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Sales Channel;

OEM - Drum Brake and Disc Brake, Aftermarket - Brake Booster, Master Cylinder and Drum Brake[Drum, Brake Shoe and Wheel Cylinder] - Rotor, Caliper, and Brake Pad.

By Vehicle Type;

Passenger Car, LCV, and HCV.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn742299334 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Automotive Brake System & Components Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Brake System & Components Market was valued at USD 54,278.63 million. The size of this market is expected to increase to USD 80,011.75 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.7%.

The global automotive brake shoe market stands as a vital segment within the automotive industry, playing a crucial role in ensuring vehicle safety and performance. As vehicles continue to evolve with advancements in technology and design, brake systems remain fundamental components that require constant innovation to meet safety standards and consumer demands. The market's dynamics are shaped by factors such as regulatory requirements, technological advancements, consumer preferences, and the overall growth of the automotive sector worldwide.

There has been a noticeable shift towards the adoption of advanced materials and manufacturing techniques in brake shoe production. Manufacturers are increasingly focusing on enhancing the durability, reliability, and performance of brake shoes while also addressing environmental concerns. Additionally, the market is witnessing a growing trend towards the integration of electronic systems such as anti-lock braking systems (ABS) and electronic stability control (ESC), further driving the demand for advanced brake shoe solutions.

Regional variations in consumer preferences, vehicle usage patterns, and regulatory frameworks significantly impact the global automotive brake shoe market. Emerging economies are witnessing rapid urbanization and industrialization, leading to increased vehicle sales and subsequently boosting the demand for automotive brake shoes. Conversely, in mature markets, such as North America and Europe, stringent safety regulations and a focus on reducing emissions are driving innovation in brake shoe technology. As the automotive industry continues to evolve, the global brake shoe market is poised for further expansion, propelled by technological advancements, safety concerns, and shifting consumer expectations.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Sales Channel
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Region
  4. Global Automotive Brake System & Components Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Vehicle Production and Sales
        2. Aftermarket Demand
        3. Consumer Preferences and Demands
      2. Restraints
        1. Increasing Vehicle Lifespans
        2. Increasing Adoption of Electric and Hybrid Vehicles
      3. Opportunities
        1. Specialized Solutions for Electric and Hybrid Vehicles
        2. Aftermarket Demand
        3. Specialized Brake Shoe Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Brake System & Components Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. OEM
        1. Drum Brake
        2. Disc Brake
      2. Aftermarket
        1. Brake Booster
        2. Master Cylinder
        3. Drum Brake
          1. Drum
          2. Brake Shoe
          3. Wheel Cylinder
        4. Disc Brake
          1. Rotor
          2. Caliper
          3. Brake Pad
    2. Global Automotive Brake System & Components Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Car
      2. LCV
      3. HCV
    3. Global Automotive Brake System & Components Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Continental AG
      2. ZF Friedrichshafen AG
      3. Delphi Automotive PLC
      4. Valeo S.A
      5. Federal-Mogul Holdings Corporation
      6. Nissin Kogyo Co. Ltd
      7. AKEBONO BRAKE INDUSTRY CO., LTD.
      8. ADVICS CO.,LTD.
      9. Hitachi Astemo, Ltd.
      10. Brembo S.p.A
      11. Robert Bosch GmbH
      12. AISIN CORPORATION
      13. Haldex
      14. The Web Co
  7. Analyst Views
  8. Future Outlook of the Market