Automotive Hydraulic Brake Systems Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Description
Automotive Hydraulic Brake Systems Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Automotive Hydraulic Brake Systems Market, valued at USD 12.5 billion in 2023, is anticipated to grow at a CAGR of 5.2% from 2024 to 2032. This growth is propelled by rising vehicle production and sales as economies expand, particularly in the Asia-Pacific and Latin America regions. Economic development in these areas has boosted disposable incomes and urbanization, leading to increased demand for both passenger and commercial vehicles. The market’s expansion is further bolstered by heightened awareness of vehicle safety, stringent regulations, and consumer expectations for improved braking performance. These factors are pushing automotive manufacturers to incorporate advanced hydraulic brake systems, especially in regions with strict safety mandates, such as Europe and North America.
The reliability and efficiency of hydraulic brakes make them a top choice for automakers focused on safety compliance and optimized performance. In terms of vehicle type, the market is categorized into passenger, commercial, and electric vehicles. In 2023, passenger vehicles led the market, accounting for over 55% of the revenue share, and this segment is projected to exceed USD 11.2 billion by 2032. Hydraulic brake systems are highly favored in passenger vehicles due to their superior stopping power, control, and stability compared to mechanical brakes. Innovations such as anti-lock braking systems (ABS) and electronic stability control (ESC) have also gained traction, enhancing safety and driving experience.
The market is segmented by sales channel into OEMs and the aftermarket, with OEMs holding a significant share of 70.5% in 2023. OEMs benefit from economies of scale, enabling cost-effective production and competitive pricing. They are also recognized for quality and reliability, meeting evolving performance standards, and fostering strong relationships with automakers. Their extensive investment in research and development drives continuous innovation in braking technologies, solidifying their position as preferred suppliers for original automotive manufacturers. China led the automotive hydraulic brake systems market, contributing 50% of the revenue share in 2023. As the largest automotive market globally, China’s growth is fueled by robust manufacturing capabilities, a solid supply chain, and substantial investments in infrastructure and technological advancements.
Government policies promoting electric vehicle (EV) adoption and road safety improvements have encouraged the use of advanced braking systems, enhancing China’s competitiveness within the global market.
Table of Contents
160 Pages
- Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
- 1.3 Forecast model
- 1.4 Primary research & validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market definitions
- Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Raw material suppliers
- 3.2.2 Component manufacturers
- 3.2.3 System integrators
- 3.2.4 OEMs
- 3.2.5 Distributors and retailers
- 3.2.6 Service centers and workshops
- 3.2.7 End users
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Pricing analysis
- 3.6 Case studies
- 3.7 Key news & initiatives
- 3.8 Regulatory landscape
- 3.9 Impact forces
- 3.9.1 Growth drivers
- 3.9.1.1 Increasing vehicle production and sales
- 3.9.1.2 Growing safety concerns & regulatory standards
- 3.9.1.3 Advancements in brake technologies
- 3.9.2 Industry pitfalls & challenges
- 3.9.2.1 High costs of advanced hydraulic brake systems
- 3.9.2.2 Rising penetration of electric vehicles with regenerative braking
- 3.10 Growth potential analysis
- 3.11 Porter’s analysis
- 3.12 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 ($Bn, Unit)
- 5.1 Key trends
- 5.2 Master cylinder
- 5.3 Brake calipers
- 5.4 Brake fluid
- 5.5 Brake pads
- 5.6 Brake rotors
- 5.7 Brake hoses
- 5.8 Others
- Chapter 6 Market Estimates & Forecast, By Brake, 2021 - 2032 ($Bn, Unit)
- 6.1 Key trends
- 6.2 Disc brakes
- 6.3 Drum brakes
- Chapter 7 Market Estimates & Forecast, By Vehicle, 2021 - 2032 ($Bn, Unit)
- 7.1 Key trends
- 7.2 Passenger vehicles
- 7.2.1 Hatchback
- 7.2.2 Sedan
- 7.2.3 SUV
- 7.3 Commercial vehicles
- 7.3.1 Light commercial vehicles (LCV)
- 7.3.2 Heavy commercial vehicles (HCV)
- 7.4 Electric vehicles
- 7.4.1 Battery electric vehicles (BEV)
- 7.4.2 Plug-in hybrid electric vehicles (PHEV)
- 7.4.3 Hybrid electric vehicles (HEV)
- Chapter 8 Market Estimates & Forecast, By Sales Channel, 2021 - 2032 ($Bn, Unit)
- 8.1 Key trends
- 8.2 OEM
- 8.2.1 Master cylinder
- 8.2.2 Brake calipers
- 8.2.3 Brake fluid
- 8.2.4 Brake pads
- 8.2.5 Brake rotors
- 8.2.6 Brake hoses
- 8.2.7 Others
- 8.3 Aftermarket
- 8.3.1 Master cylinder
- 8.3.2 Brake calipers
- 8.3.3 Brake fluid
- 8.3.4 Brake pads
- 8.3.5 Brake rotors
- 8.3.6 Brake hoses
- 8.3.7 Others
- Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn, Unit)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Nordics
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.6 MEA
- 9.6.1 South Africa
- 9.6.2 UAE
- 9.6.3 Saudi Arabia
- Chapter 10 Company Profiles
- 10.1 Advics
- 10.2 Aisin Seiki
- 10.3 Akebono Brake Industry
- 10.4 Bosch
- 10.5 Brembo
- 10.6 Chassis Brakes International
- 10.7 Continental
- 10.8 Delphi
- 10.9 FTE Automotive
- 10.10 Haldex
- 10.11 Hitachi Automotive Systems
- 10.12 HYUNDAI Mobis
- 10.13 Knorr-Bremse
- 10.14 Mando
- 10.15 Meritor
- 10.16 Nissin Kogyo
- 10.17 TMD Friction
- 10.18 TRW Automotive
- 10.19 Wabco
- 10.20 ZF Friedrichshafen
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