The global automotive braking component market was valued at USD 47.9 billion in 2022 and is projected to reach USD 68.3 billion by the end of 2031. Steady growth in vehicle production, rising focus on road safety, and continuous advancements in braking technologies are expected to drive the market, which is estimated to expand at a CAGR of 4.0% from 2023 to 2031.
Automotive braking components refer to parts essential for the efficient functioning of the braking system of a vehicle. These components include brake pads, brake rotors (or discs), brake calipers, brake lines, brake boosters, and several actuators and sensors.
Dive Deeper into Data: Get Your In-Depth Sample Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=45801
Rise in urbanization and income levels in developing countries such as China, India, and Vietnam has led to an increase in the rate of vehicle ownership, while surge in production in manufacturing hubs, including Germany and Korea, has augmented the need for reliable automotive brake parts.
Market Segmentation
By Component Type
- Brake Pads: The largest segment (approx. 29% share), shifting toward copper-free and eco-friendly materials.
- Brake Rotors/Discs: Increasing adoption of hard-coated rotors to reduce particulate emissions.
- Brake Calipers: Innovation focused on lightweight materials to offset battery weight in EVs.
- Others: Master cylinders, brake lines, shoes, and brake fluid.
By Technology
- Anti-lock Braking Systems (ABS): Now a global standard in most regions.
- Electronic Stability Control (ESC): Held a major revenue share (approx. 32%) due to safety mandates.
- Traction Control System (TCS): Fastest growing tech segment for difficult terrain/weather.
- Brake-by-Wire: Emerging tech replacing physical links with electronic signals.
By Vehicle Type
- Passenger Cars: The dominant segment (over 70% share), driven by urbanization and rising disposable income.
- Light Commercial Vehicles (LCV): Rapid growth due to the e-commerce logistics boom.
- Heavy Commercial Vehicles (HCV): Transitioning from drum brakes to Air Disc Brakes (ADB) for better stopping power.
By Sourcing / Sales Channel
- OEM (Original Equipment Manufacturer): Accounts for ~67% of the market as new vehicles integrate advanced safety suites.
- Aftermarket: A vital segment for replacement parts (pads/rotors) driven by the aging global vehicle fleet.
Regional Analysis
- Asia-Pacific: The largest market (over 34% share). China and India serve as manufacturing hubs, benefiting from low-cost labor and massive domestic demand.
- North America: A leading region for the adoption of high-end electronic braking and EV-specific components.
- Europe: The leader in regulatory innovation, focusing on the Euro 7 standards which limit brake abrasion emissions.
Market Drivers and Challenges
Drivers
- Safety Regulations: Mandates for ABS and ESC in emerging markets like India and Brazil.
- EV Expansion: EVs require specialized braking (regenerative systems) that integrate with hydraulic backups.
- Urbanization: Increased traffic density raises the demand for reliable, high-frequency braking systems.
Challenges
- Raw Material Volatility: Fluctuating prices for steel and aluminum squeeze manufacturer margins.
- R&D Costs: High investment required for developing software-heavy "smart" braking systems.
- Environmental Concerns: Traditional brake wear contributes to urban particulate matter (PM) pollution.
Market Trends
- Regenerative Braking: Coordination between electric motors and friction brakes to recover energy.
- Eco-Friendly Friction Materials: Transition to non-asbestos organic (NAO) and copper-free pads to meet 2025 environmental deadlines.
- Brake-by-Wire: Removal of hydraulic lines to save weight and improve response time for autonomous driving.
- Generative AI in R&D: Using AI to simulate brake performance and optimize material cooling.
Competitive Landscape
The market is consolidated, with the top five players holding roughly 60%–65% of the share.
Key Player | Notable Specialization |
Robert Bosch GmbH | Leader in ABS/ESC and software integration. |
Continental AG | Focus on "Future Brake Systems" (FBS) and wheel-hub integrated units. |
ZF Friedrichshafen AG | Pioneer in brake-by-wire and integrated vehicle motion control. |
Brembo S.p.A. | High-performance disc brakes and aesthetic/premium applications. |
Aisin Seiki Co. | Strong OEM presence, particularly through its subsidiary ADVICS. |
Recent Developments
- In November 2023, ZF announced a new electro-mechanical ‘dry’ brake system that reduces hydraulic-based braking systems with electric motors at each wheel to generate braking force. The new technology can facilitate a range increase of up to 17%.
- In September 2023, Brembo, a premium Italy-based brake maker, announced plans to democratize high-performance all-electric brake systems for mass-market brands. The firm plans to utilize its new artificial intelligence-based braking system, Sensify, to set a higher standard for the industry.
Future Outlook (2031)
As we move toward Level 4 and Level 5 Autonomy, the braking system will transition from a driver-operated tool to a fully automated safety actuator. The focus will shift from "stopping power" alone to "precision control" and "zero-emission" braking (minimal dust). By 2031, expect Brake-by-Wire to be the standard in the premium and EV segments.
Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights: https://www.transparencymarketresearch.com/checkout.php?rep_id=45801<ype=S
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
