Automotive Brake System Market Summary
The Global Automotive Brake System Market is projected to grow from 23.5 USD Billion in 2024 to 34.9 USD Billion by 2035.
Key Market Trends & Highlights
Automotive Brake System Key Trends and Highlights
- The market is expected to experience a compound annual growth rate (CAGR) of 3.67 percent from 2025 to 2035.
- By 2035, the market valuation is anticipated to reach 34.9 USD Billion, reflecting robust growth.
- In 2024, the market is valued at 23.5 USD Billion, indicating a strong foundation for future expansion.
- Growing adoption of advanced braking technologies due to increasing safety regulations is a major market driver.
Market Size & Forecast
2024 Market Size | 23.5 (USD Billion) |
2035 Market Size | 34.9 (USD Billion) |
CAGR (2025-2035) | 3.67% |
Major Players
Aisin Seiki Co., Ltd., Continental AG, FederalMogul, Hitachi Automotive Systems, Ltd., Akebono Brake Industry Co., Ltd., ADVICS Co., Ltd., Nissin Kogyo Co., Ltd., Robert Bosch, ZF Friedrichshafen AG, Brembo S.P.A., Mando Corporation, Hyundai Mobis, LACOSTE Performance Brakes, TMD Friction, TRW Automotive Holdings