Worldwide sales of automotive brake components are valued at US$ 49.9 billion at present. The global automotive brake components market is forecast to expand at a CAGR of 4.2% to reach a valuation US$ 75.6 billion by 2032.

Advancements in braking systems coupled with mandates by regulatory bodies is like to influence the adoption of advanced automotive brake components over the coming years.Demand for automotive brake components accounted for around 20% share of the global automotive components industry in 2021.

The global automotive brake component market is experiencing robust growth due to rising vehicle production, advancements in braking technologies such as brake-by-wire and regenerative braking, and regulatory mandates for enhanced vehicle safety. For instance, the U.S. Department of Transportation and National Highway Traffic Safety Administration (NHTSA) have mandated automatic emergency braking systems, boosting demand for advanced brake components. Additionally, the increasing adoption of lightweight materials and eco-friendly friction products is creating new opportunities, particularly in the electric vehicle (EV) sector

Key Takeaways from Market Study

• Global automotive brake component market to reach US$ 75.6 billion by 2032.
• Disc brakes segment holds a dominant 56.4% market share in 2022.
• Market in South Asia & Oceania to record a CAGR of 4.2% over the forecast period of 2022-2032.
• Market in China forecast to reach a valuation of US$ 15.2 billion by 2032

“Increasing vehicle production, advancements in braking technologies, and stringent safety regulations are expected to drive significant growth in the automotive brake component market over the coming years,” says a Fact.MR analyst.

Winning Strategy
Key market players are focusing on developing innovative brake components compatible with electric and hybrid vehicles, emphasizing lightweight materials and sustainability. Companies are investing in R&D to enhance braking performance and meet evolving regulatory standards. For instance:

• In November 2022, Continental AG introduced its Green Caliper brakes for electric vehicles, which are lighter and have lower residual brake torque.
• In January 2020, Comline expanded its portfolio by adding high-quality brake calipers to its aftermarket offerings, targeting increased market share.

More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global automotive brake component market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032. The study provides essential insights based on product type (disc brakes, drum brakes, brake pads, brake shoes, brake liners, brake calipers), vehicle type (passenger vehicles, light commercial vehicles, heavy commercial vehicles), and sales channel (OEMs, aftermarket), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

key Companies Profiled

• Continental AG
• Brembo S.p.A.
• Akebono Brake Industry Co., Ltd.
• Tenneco Inc.
• Nisshinbo Holdings Inc.
• Bosch Mobility Solution

Industry News

• In January 2025, Brembo entered a multi-year partnership with the International Motor Sports Association (IMSA), becoming the official Braking Technology Partner, reinforcing its commitment to innovation in braking systems.
• In September 2024, ZF introduced an upgraded OnGuardMAX advanced driver assistance system and mBSP XBS modular brake platform for the European commercial vehicle market, enhancing safety and automation.

Explore More Related Studies Published by Fact.MR Research

The global surgical equipment market stands at US$ 16.7 billion in 2023 and is forecasted to expand at an impressive 8.6% CAGR over the next ten years to reach US$ 38.1 billion in revenue by 2033-end.

The global automotive smart display market is expected to reach USD 18.2 billion by 2035, up from USD 8.2 billion in 2024. During the forecast period, the industry is projected to grow at a CAGR of 7.8%. Rising demand

The global polymerase chain reaction market size is expected to attain a valuation of US$ 6.2 billion in 2024. Projected to expand at a CAGR of 10%, worldwide sales of polymerase chain reaction products are foreseen to reach US$ 16 billion by 2034.

The global Isoprenol Market was valued at USD 337.7 million in 2024 and expand at a CAGR of 6.5% to end up at USD 675.0 million by 2035.

Global consumption of metallocene polyolefin is set to reach US$ 13.77 billion in 2022, and the market is expected to expand rapidly at a high CAGR of 9.5% to reach a market valuation of US$ 34.16 billion by the end of 2032.

The global steel pipe coatings market is estimated to be valued at US$ 8.8 billion in 2023 and it is expected to grow at a CAGR of 4.7% to reach US$ 14.0 billion by the end of 2033.

About Fact.MR

We are a trusted research partner of 80% of Fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog