Micro Market Research
+1-888-502-0539
US/CAN Toll Free

You are here :   Home     Automotive     Markets ( OEM / AM / Reman )     OEM Components     Brake / Body Control / Axle    

Global Brake Market

A brake is nothing but a mechanical device which stops motion. The most common types of brakes are disc brakes and drum brakes. A disc brake is nothing but a wheel brake to slow or stop the rotation of a wheel using brake pads, brake disc, and brake calipers. A drum brake on the other hand uses a set of brake shoes which are pushed against the outer cover, which is in the shape of a drum, to stop the vehicle.

 

The global brake market was valued at $20.72 billion in 2013 and is expected to grow at 7.2% annually to reach a projected value of $29.30 billion by 2018.

 

The Asia-Pacific region, being the largest producer of automobiles across all regions, is largest market for brakes. The second-largest market for brakes is the European region as it is also the second-largest market for automobile production in terms of volume. North America is projected to surpass Europe in terms of vehicle production in the future. The growing demand for luxury and performance vehicles along with safety norms for stopping of a vehicle will boost the brake market in the North American region.

show more
PRODUCT TITLE PUBLISHED
Brake Friction Product Market - Global Forecast to 2021 Brake Friction Product Market - Global Forecast to 2021
The global disc brake market was valued at $9.8 billion in 2013, and is anticipated to grow at a CAGR of 7.9%, to reach $14.3 billion by 2018. The top players of in this market are Aisin Seiki, TRW, Akebono Nissin Kogyo, Brembo S.P.A, with market shares of 25.0%, 14.0%, 13.0%, 11.0%, and 9.0% respectively.
Upcoming
Global  Disc Brake Global Disc Brake
The Asia-Pacific disc brake market is projected to reach $7.9 billion by 2018 from $5.1 billion in 2013, growing at 9.2% annually. The growing demand for higher performing vehicles and longer service intervals are some of the factors driving the disc brake market for this region, while concentration of the market with smaller and cheaper vehicles using drum brakes acts as a restraining factor.
Upcoming
Europe Disc Brake Europe Disc Brake
The European disc brake market was valued at $2.78 billion in 2013, and is expected to grow at a CAGR of 5.8%. It is projected to reach $3.68 billion by 2018.
Upcoming
North America Disc Brake North America Disc Brake
The North American disc brake market is driven by factors such as fast growth in the luxury and sports vehicle segment and stringent emission norms. The low-end vehicles in the region refrain from using disc brakes due to its initial cost. The North American disc brake market is projected to reach $1.7 billion by 2018 from an estimated value of $1.2 billion in 2013, growing at 6.9% annually.
Upcoming
Drum Brake Drum Brake
Asia-pacific is one of the major market for drum brakes, as it is the leads in vehicle production globally, and also since the automobile market in this region is dominated by small and cheaper cars. North America is the second largest market for the drum brakes, followed by Europe.
Upcoming
Asia-Pacific Drum Brake Asia-Pacific Drum Brake
The Asia-Pacific drum brake market was valued at $5.42 billion in 2013, and is projected to grow at a CAGR of 6.0%, to reach $7.25 billion by 2018. This report on disc brakes market in Asia-Pacific is segmented on the basis of applications and geography.
Upcoming
North America Drum Brake North America Drum Brake
The key players in the North American drum brake market are Hyundai Mobis, Akebono, TRW Inc., Federal Mogul, and Aisin Seiki, with market shares of 14.5%, 12.0%, 10.5%, 5.2%, and 5.0% respectively. The North American drum brake market was valued at $2.5 billion in 2013, and is expected to grow at a CAGR of 8.0%, to reach $3.7 billion by 2018.
Upcoming
Asia-Pacific Brake Asia-Pacific Brake
The Asia-Pacific Brake market was valued at $10.44 billion in 2013, and expected to grow at 7.8% annually. It is projected to reach $15.21 billion by the end of 2018. The Asia-Pacific region is the leader in the drum brakes market across all the regions with China being the leader in the Asia-Pacific region followed by Japan. The growing demand for higher performing vehicles & longer service interval are some of the other factors that drive the market for Disc Brakes in the Asia-Pacific region, while the market being concentrated with smaller and cheaper vehicles using drum brakes acts as a restraining factor.    
Upcoming
Europe Brake Europe Brake
The European Brake market was valued at $5.02 billion in 2013, to grow at 5.5% annually. It is projected to reach $6.57 billion by the end of 2018. The increasing demand for small and cheaper cars in the major countries in the region like Germany, Russia and France has boosted the drum brakes market. Also since price of the disc brakes is much higher than the drum brakes, the consumers tend to go for cheaper drum brakes even though they are not as efficient as disc brakes. Germany is the leader in the European disc brake market and also holds its leadership for being the largest automobile market in the region. It is followed by Russia and France which holds the second and third position respectively in terms of disc brake market in the region.
Upcoming
North America Brake North America Brake
The North American Brake market was valued at $3.69 billion in 2013, to grow at 7.5% annually. It is projected to reach $5.30 billion by the end of 2018. The U.S and Mexico are the major market for drum brakes in the North American region due to its growing vehicle production and the increasing demand for cheaper cars. Another reason for the growth of drum brake sin the North American region is mainly due to the increasing cost of disc brakes which has pushed the cost-centric buyers’ to opt for the cheaper drum brakes. The North American disc brake market is driven by factors such as—fast growth in luxury and sports vehicle segment and stringent emission norms. The low end vehicles in the region refrain from using the disc brakes due to its initial cost.
Upcoming
10 of 10 items
10 reports | Show
Connect With Us
US/CAN : +1-888-502-0539