How big is the Automotive Brake System Market?

The Automotive Brake System Market size is expected to reach USD 32.18 billion in 2024 and grow at a CAGR of 3.78% to reach USD 38.72 billion by 2029. Read More

What is the current Automotive Brake System Market size?

In 2024, the Automotive Brake System Market size is expected to reach USD 32.18 billion. Read More

Who are the key players in Automotive Brake System Market?

Bosch Mobility Solutions, Continental AG, Hitachi Astemo Ltd., Brembo S.p.A and Akebono Brake Industry Co., Ltd are the major companies operating in the Automotive Brake System Market. Read More

Which is the fastest growing region in Automotive Brake System Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Brake System Market?

In 2024, the Asia-Pacific accounts for the largest market share in Automotive Brake System Market. Read More

What years does this Automotive Brake System Market cover, and what was the market size in 2023?

In 2023, the Automotive Brake System Market size was estimated at USD 30.96 billion. The report covers the Automotive Brake System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Brake System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging trends in Autonomous Vehicle Brake Systems Market?

The emerging trends in Autonomous Vehicle Brake Systems Market are a) Focus on redundancy b) Fail-safe mechanisms c) Ensuring reliable braking performance for autonomous vehicles Read More

What are the emerging trends in Autonomous Vehicle Brake Systems Market?

The emerging trends in Autonomous Vehicle Brake Systems Market are a) Focus on redundancy b) Fail-safe mechanisms c) Ensuring reliable braking performance for autonomous vehicles Read More

What are the emerging trends in Autonomous Vehicle Brake Systems Market?

The emerging trends in Autonomous Vehicle Brake Systems Market are a) Focus on redundancy b) Fail-safe mechanisms c) Ensuring reliable braking performance for autonomous vehicles Read More

Automotive Brake System Market Share

Statistics for the 2023 & 2024 Automotive Brake System market share, created by Mordor Intelligence™ Industry Reports. Automotive Brake System share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Brake System Industry

The automotive brake system market is fragmented, with the presence of various players. Some of the key players in the market include Advics Co. Ltd, Bosch Mobility Solutions, Continental AG, Brembo SpA, and Hitachi Astemo Ltd.

Key players are actively investing in new manufacturing facilities to expand their production capabilities. This expansion is about increasing volume and situating production closer to key markets to reduce logistics costs and improve supply chain efficiency. Establishing these new facilities often comes with adopting advanced manufacturing technologies that increase production efficiency and product quality.

In February 2024, ASK Automotive, a leading developer of advanced braking systems, announced its plans to set up a new manufacturing facility in Karnataka, India, with an investment of INR 2.19 lakh. Scheduled to be operational by Q4 2025, this facility will bolster ASK Automotive's production capabilities in brake panel assemblies, brake shoes, and other critical braking components.
In January 2024, China-based Winhere marked a significant expansion by initiating the construction of a new factory in Rayong, Thailand. This facility, focusing on manufacturing brake discs and pads, aims to strengthen Thailand's role as a major supplier in the automotive parts industry. The project is expected to be completed in early 2025, enhancing Winhere's production capacity for both the domestic and international markets.