Europe Brake System Market Size, Share & Industry Trends Analysis Report By Technology, By Actuation, By Brake Type, By Vehicle Type (Passenger Car, Light-commercial Vehicles (LCV), Truck and Bus, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Brake System Market would witness market growth of 4.3% CAGR during the forecast period (2022-2028).
The most common types of brake systems that are found nowadays are Hydraulic braking systems, Electromagnetic braking systems, Servo braking systems, and Mechanical braking systems. Modern cars most frequently use hydraulic brakes, which use hydraulic (fluid) pressure to stop moving wheels. Springs and two fluid-filled pistons are used in this mechanism, with one positioned above the other. The majority of the fluid and a pushing tool is inside the "master" piston.
The most crucial safety feature of any car is likely its brakes. Understanding the various brake types, both between and within vehicles, helps to take better and more educated care and repair brakes. Service brakes, or the brakes that stop the car while it's moving, come in two varieties: drum brakes and disc brakes. In addition, most vehicles are equipped with emergency brakes and anti-lock brakes.
The brake system is an extremely important factor in the rise of automobiles. The evolution and enhancements automatically give way to better transport modes. The development of R&D focused on the introduction of new technologies as well as the involvement of market participants in the introduction of new and enhanced brake systems are the factors driving the market expansion.
According to the European Transport Safety Council, automated braking system might lower traffic fatality rates by as much as 20% that equates to nearly 4,000 lives saved annually. The regulations created by the EU in 2019 appear to go further, mandating a number of other cutting-edge driver assistance technologies, including emergency lane-keeping assistance, fatigue and attention recognition, and intelligent speed assistance.
The Germany market dominated the Europe Brake System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,920.3 million by 2028. The UK market would experience a CAGR of 3.4% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 5.1% during (2022 - 2028).
Based on Technology, the market is segmented into Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS) and Electronic Brakeforce Distribution (EBD) & Others. Based on Actuation, the market is segmented into Hydraulic and Pneumatic. Based on Brake Type, the market is segmented into Disc and Drum. Based on Vehicle Type, the market is segmented into Passenger Car, Light-commercial Vehicles (LCV), Truck and Bus. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Brake System Market will Hit $29 Billion by 2028, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Knorr-Bremse AG, Brembo S.p.A., Continental AG, Hitachi, Ltd. (Hitachi Astemo, Ltd.), Denso Corporation, ZF Friedrichshafen AG, Aisin Corporation, Haldex AB and Mando Corporation (Halla Group).
Scope of the Study
Market Segments Covered in the Report:
- Antilock Braking Systems (ABS)
- Electronic Stability Control (ESC)
- Traction Stability Control (TCS)
- Electronic Brakeforce Distribution (EBD) & Others
By Brake Type
By Vehicle Type
- Passenger Car
- Light-commercial Vehicles (LCV)
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Knorr-Bremse AG
- Brembo S.p.A.
- Continental AG
- Hitachi, Ltd. (Hitachi Astemo, Ltd.)
- Denso Corporation
- ZF Friedrichshafen AG
- Aisin Corporation
- Haldex AB
- Mando Corporation (Halla Group)
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