Automotive Friction Brake System Market, by Type (Disc Brake, and Drum Brake), By Application (Passenger Cars, LCVs, and HCVs)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2030

Friction braking is the most commonly used braking method used in the modern vehicles. It involves the conversion of kinetic energy to thermal energy by applying friction to the moving parts of a system. The friction force resists motion and in turn generates heat, eventually bringing the velocity to zero. Reinforcing fibers commonly used for brake friction materials are aramid fibers, metallic, ceramic, glass, acrylic, carbon, and other natural fibers. There are three basic types of brakes including; service brakes, emergency brakes, and parking brakes. The internal expanding brake is commonly used in motor cars and light trucks, when the brakes are applied to all the four wheels, the braking distance will be the least. Friction materials commonly consist of sintered lead bronzes and iron powders with additions of dry lubricants and so-called friction reinforces. Another commonly used brakes type is Disc brakes; they are mounted on the front and/or rear axle. To stop a wheel and your car, a disc brake uses a caliper fitted with brake pads to grab a spinning disc or rotor. Automotive friction brake system market accounted for US$ 18.23 billion in 2020 and is estimated to be US$ 28.13 billion by 2030 and is anticipated to register a CAGR of 4.5%.

Rising demand of Safety

Increasing consumer preferences on safety is the key factor driving the growth of the target market. The key manufacturers are constantly producing new and enhanced products for the comfortable and safe driving of vehicles are another factor responsible for the growth of this particular market. The surge in production of vehicle because of the growing demand and regulations passed by the government to reduce the stopping distance are some of the elements which boost the growth of the automotive brake systems market. Government regulations on the safety of people on roadways is the principle factor which propel the growth of the target market.

However, the installation of automotive braking system market involves high capital expenditure which is one of the major restraints for the market.

Automotive friction brake system market is segmented based on type, application, and region.

On the basis of type, the automotive friction brake system market is segmented into disc brake and drum brake. On the basis of application, the target market is segmented into passenger cars, LCVs, and HCVs.

Regional Insights:

Automotive friction brake system market accounted for US$ 18.23 billion in 2020 and is estimated to be US$ 28.13 billion by 2030 and is anticipated to register a CAGR of 4.5%. On region the automotive friction brake system market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region continues to dominate the global automotive brake system market, owing to low-cost labor and raw materials. Additionally, the increase in demand for light commercial vehicles in countries such as India and China. Europe and North America is estimated to grow steadily over the forecast period.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the automotive friction brake system market report based on type, application, and region.

Automotive Friction Brake System Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the automotive friction brake system market includes Akebono Braking Industry Corporation, Brembo, Continental, Delphi Automotive, TRW Automotive Holdings, Aisin-Seiki, Federal-Mogul Corporation, Robert Bosch, Halla Mando Corporation, Haldex

• Akebono Braking Industry Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Brembo
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Continental
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Delphi Automotive
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• TRW Automotive Holdings
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Aisin-Seiki
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Federal-Mogul Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Robert Bosch
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Halla Mando Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Haldex
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies