The Market Reports

Synopsis

The global market for Brakes was estimated to be worth US$ 17125 million in 2024 and is forecast to a readjusted size of US$ 20047 million by 2031 with a CAGR of 1.6% during the forecast period 2025-2031.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Brakes cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Brakes for friction product are a mechanical device that inhibits motion by absorbing energy from a moving system. It is used for slowing or stopping a moving vehicle, wheel, axle, or to prevent its motion, most often accomplished by means of friction. Materials used in the production of friction are usually rough or textured in order to provide added friction and increase efficiency. Smooth surfaces are used to transport materials easily and with little friction, however adding texture to a surface increases the energy required to move over it, thus slowing a moving object more quickly. Heat-resistant materials are often utilized as the process of creating friction typically generates heat energy as a byproduct.

In 2024, global Brakes production reached approximately 499 M unit, with an average global market price of around 22 USD/unit.

The brakes market is a critical segment of the automotive industry, driven by the growing demand for safety, performance, and regulatory compliance. Braking systems are essential for all types of vehicles, from passenger cars to heavy commercial trucks, and advancements in technologies such as anti-lock braking systems (ABS), electronic stability control (ESC), and regenerative braking are shaping the industry. Increased vehicle production worldwide, coupled with stricter safety standards and consumer preference for advanced braking features, continues to boost the market. Additionally, innovations in brake materials—such as ceramic composites and carbon-based components—are enhancing durability, heat resistance, and overall performance.

The market is also evolving with the rapid adoption of electric and hybrid vehicles, which require specialized braking systems to integrate with regenerative technologies and manage higher torque levels. Growth in the aftermarket segment, driven by routine maintenance and part replacement, adds further momentum. However, challenges such as fluctuating raw material costs and the need for lightweight components to improve fuel efficiency are influencing design trends. With ongoing technological advancements and the shift toward autonomous and connected vehicles, the brakes market is poised for significant innovation and expansion in the coming years.

This report aims to provide a comprehensive presentation of the global market for Brakes, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Brakes by region & country, by Type, and by Application.

The Brakes market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Brakes.

Market Segmentation

By Company

• Federal-Mogul
• Aisin-Seiki
• Robert Bosch
• Brembo
• Continental
• Delphi Automotive
• Nisshinbo
• SGL Carbon AG
• TRW
• Tenneco
• Akebono Brake Industry
• Bendix
• Sangsin
• Longji Machinery
• MIBA AG
• BPW
• Hongma
• Gold Phoenix
• Klasik
• Boyun

Segment by Type

• Brake Pads
• Brake Shoes
• Brake Lining
• Brake Rotor
• Brake Drum
• Others

Segment by Application

• Passenger Cars
• Commercial Cars
• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.