Global Automotive Brake Systems Market is valued approximately USD 22.2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.89 % over the forecast period 2019-2026. Automotive Brake is a mechanical device used to stop or slow a moving vehicle usually achieved by method of friction. Also, the introduction of electronics into automatic braking system has made the conventional braking system stabilized, safer and cost effective in long term. Further, increasing stringency of automotive active safety regulations and increasing number of road accidents are some major factor, driving the growth of the market. For Instance: as per the Government data in 2017, almost 1.5 lakh people lost their lives in road accidents which means, every hour around 17 people died on the road due to an accident. Also, the number of fatalities is one third of the number of accidents, which amount to 53 road accidents every hour. As a result, the adoption and demand for automotive Brake Systems would increase thereby making its way for the growth of the market. However, high development cost of brake systems is the major factor that impede the growth of global Automotive Brake Systems market.

The regional analysis of global Automotive Brake Systems Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the owing to increasing vehicle production and popularity of vehicle safety features. Whereas, Asia-Pacific is anticipated to emerge as the fastest growing market region during the forecast period 2019- 2026. As with the shift of automobile manufacturing plants to developing countries such as India and China, the companies involved in manufacturing brakes and their components have started focusing on Asia-Pacific region. As a result, the demand and adoption of automotive brake systems would increase thereby, aiding the growth of the region.
Major market player included in this report are:
Robert Bosch GmbH
ZF Friedrichshafen AG
Aisin Seiki Co., Ltd.
Continental AG
Mando Corp.
Autoliv Inc.
Akebono Brake Industry Co Ltd
Hitachi Automotive Systems, Ltd.
Nissin Kogyo Co., Ltd.
Wabco Holdings Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Disc Brake
Drum Brake
By Vehicle Type:
Passenger Cars
Commercial vehicles
By Technology:
Antilock Braking System (ABS)
Traction Control System (TCS)
Electronic Stability Control (ESC)
Electronic Brake-Force Distribution (EBD)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016-,2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Automotive Brake Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors