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Automotive Brake Components Industry Outlook & Trend Analysis 2032

 In the upcoming years, the adoption of modern automobile brake components is likely to be influenced by improvements in braking systems combined with regulations from regulatory organizations.

In 2021, the demand for automotive brake components represented about 20% of the worldwide automotive components market.
Currently, the global market for automobile brake components is worth US$ 49.9 billion. By 2032, the market for automobile brake components will be worth US$ 75.6 billion, growing at a CAGR of 4.2%.

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Increased demand for brake callipers in disc braking systems is likely due to a rising preference for aluminium automotive brake components. Brake callipers are anodised in preparation for use in premium automobiles. The market for automotive brake components is expected to benefit from this trend of anodizing brake callipers by 210 BPS.

Together with improved corrosion protection, anodizing also enhances aesthetics and wear resistance. Moreover, anodized brake callipers can be painted to strengthen their weather resistance. According to estimates, this will 1.3 times boost propel growth during the anticipated years.

Key Players Covered:

  • Wabco Holdings Inc.
  • Knorr Bremse AG
  • Mando Corporation
  • Aisin Seiki Co. Ltd.
  • Akebono Brake Industry Company Ltd.
  • Brembo S.p.A
  • Daimler AG
  • ZF Friedrichshafen AG
  • DAKO-CZ
  • Robert Bosch GmbH
  • Continental AG
  • ASK Automotive Pvt. Ltd.

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Regional Wise Analysis:

Why is the demand for automotive brake components the highest in North America?
The automobile brake component market in North America holds the greatest market share with a share of 26.1%.

In terms of filtering, the region has tougher emission standards. Also, major producers of automobile braking systems are concentrating on exploiting untapped and brand-new vehicle markets. Additionally, they are concentrating on introducing cutting-edge automobile brake components in order to expand their market share, customer base, and profit margins.

As a result, over the course of the forecast years, the regional market is anticipated to grow at a CAGR of 4.4%. Market shares for automobile brake components in East Asia and South Asia & Oceania are 21.2% and 19.9%, respectively.

Automotive Brake Components Industry Survey by Category

  • Automotive Brake Components Market by Product Type :
    • Disc Brakes
    • Drum Brakes
  • Automotive Brake Components Market by Vehicle :
    • Passenger Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
  • Automotive Brake Components Market by Sales Channel :
    • OEM
    • Aftermarket
  • Automotive Brake Components Market by Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

 Some of the important questions covered in this study are as follows:

  • What are the prominent growth factors that will harness growth for the Automotive Brake Components Market during the forecast period
  • Which end-use industry will garner considerable growth for the Automotive Brake Components Market?
  • Which region will emerge as a champion growth contributor during the assessment period?
  • What are the obstacles surrounding the Automotive Brake Components Market? 

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