The Brake System Market is projected to reach USD 26.5 billion by 2026 from an estimated USD 20.9 billion in 2021, growing at a CAGR of 4.9% during the forecast period. The roll-out of safety regulations has made electronic braking systems a mandatory feature in several countries.

Also, the popularity of disc brakes in passenger cars and commercial vehicles in regions such as North America, Europe is accelerating brake system demand. Also, increasing sales of premium and high-end cars is driving the adoption of advanced electronic brake systems in countries such as China, the US, Germany, etc.

The brake system market is dominated by globally established players such as Robert Bosch GmbH (Germany), ZF Friedrichshafen AG (Germany), Continental AG (Germany), Aisin Seiki Co, Ltd. (Japan), Knorr-Bremse AG (Germany), and Brembo S.p, A (Italy), ADVICS Co., Ltd. (Japan).

The disc brake is expected to witness strong growth in every geography in the coming years. This is mainly due to its technical benefits and stringency in safety standards. Also, the adoption of enhanced safety systems such as collision mitigation technology and semi-autonomous truck platforms (such as platooning) require highly efficient braking systems. This is in turn is driving air disc brakes adoption in commercial vehicles in North America and the Asia Pacific. Not only in commercial vehicles but passenger cars with four-wheel disc brakes are also becoming highly popular. Also, benefits such as reduced stopping distances, low maintenance compared to drum brakes, better heat dissipation ability, etc. are driving disc brakes penetration globally. Thus, disc brake’s growing demand is expected to present lucrative opportunities to brake manufacturers.

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Anti-lock braking systems are expected to witness huge demand in the coming years. This is mainly due to the regulations making it a mandatory feature in India, Japan, South Korea, the US, European Union, Russia, Turkey, South Africa, and several other countries. Also, other technical benefits are also driving its adoption in light- and heavy-duty vehicles. Also, other technical benefits such as better control, shorter stopping distances, prevents lock-up and skidding, etc. are driving the market share of ABS globally. Thus, in the coming years, the ABS market share is expected to rise significantly, boosting ABS manufacturers’ revenue generation.

According to MarketsandMarkets, Asia Pacific is estimated to be the fastest-growing market for brake systems during the forecast period. Market growth in this region can be attributed to the increasing adoption of advanced electronic braking systems in developing countries such as India, Malaysia, China. Japan dominates the market as it has the highest penetration of electronic braking systems in passenger cars and light commercial vehicles. Also, increasing adoption of premium and luxury in countries such as China, Japan is expected to further accelerate the brake system market.

Thus, the growing adoption of air disc brakes in LDVs and HDVs, growing penetration of electronic braking systems such as ABS, ESC, TCS, and EBD is expected to be the major reasons for the brake system market growth. Most importantly, the implementation of regulations mandating enhanced safety features is expected to strongly drive the brake system market.

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Recent Developments:

1. In July 2019, Continental and Knorr-Bremse entered in partnership towards highly automated commercial vehicle driving for automated platooning (i.e., driving in a column). The cooperation partners show with this Platooning Demonstrator what driving functions they can develop, jointly with the vehicle manufacturers, for automated driving. This includes the formation of platoons, driving together, the emergency braking function, exiting by individual vehicles, and safe splitting up of the entire platoon.
2. In March 2020, ZF launched an industry-first Front Electric Park Brake, extending the range of Electric Park Brake (EPB) systems to a wider range of vehicles. With this solution, car manufacturers can now equip smaller vehicles with an advanced braking system and design their interior without the classic handbrake lever or park brake pedal.
3. In November 2020, TRW (ZF’s aftermarket brand) product portfolio for the independent aftermarket was further expanded in the two-piece brake disc segment. These brake discs are now also available for various Mercedes-Benz C- and E-Class models. Additional references for S-Class and GLC models of the Stuttgart premium manufacturer will follow in mid-2021.
4. In June 2018, Akebono Brake Industry Co., Ltd. developed the world’s first “new construction brake caliper.” The new brake caliper is based on the construction of the existing product, the AD-Type disc brake, and has been modified extensively to meet specific requirements for automobiles that use electric power sources and to be friendlier to the global environment.
5. In March 2021, Brembo introduced its new Brembo Sport | T3 brake disc. ​The new Brembo Sport | T3 disc is a direct replacement for original equipment discs and has two easily recognizable elements that distinguish it from the previous version – the use of Type3 slotting and the Brembo logo engraved on the braking surface. These new technologies and design features are a first for a road disc.