The Business Research Company’s Brake System Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Brake System Global Market Report 2023 evaluates brake system market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global brake system market size is expected to grow from $27.62 billion in 2022 to $29.65 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The brake system market size is expected to grow to $38 billion in 2027 at a CAGR of 6.4%.
The brake system market segments in the report are:
1) By Product Type: Disc Brakes, Drum Brakes, Hydrostatic Brakes
2) By Technology: Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS), Electronic Brakeforce Distribution (EBD)
3) By Vehicle Type: Passenger Car, Light-Commercial Vehicles (LCV), Truck
4) By End User: Automotive, Construction Equipment, Agricultural Equipment, Industrial Trucks
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Top 5 Major Key Players Are:
- Aisin Corporation
- Brembo S.p.A.
- Continental AG
- Haldex Brake Products Corp.
- Hitachi Automotive Systems Pvt
Table Of Contents:
1. Executive Summary
2. Brake System Market Characteristics
3. Brake System Market Trends And Strategies
4. Brake System Market – Macro Economic Scenario
5. Brake System Market Size And Growth
……..
28. Key Mergers And Acquisitions In The Brake System Market
29. Brake System Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Brake System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Brake System Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Brake System Market, Segmentation By Vehicle Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 47: Aisin Corporation Financial Performance
Table 48: Brembo S.p.A. Financial Performance
Table 49: Continental AG Financial Performance
Table 50: Haldex Brake Products Corp. Financial Performance
Table 51: Hitachi Automotive Systems Pvt. Ltd. Financial Performance
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