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Automotive Hydraulic Brake Systems Market Size

Report ID: GMI11990
Published Date: Oct 2024
Report Format: PDF

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Automotive Hydraulic Brake Systems Market Size

The global automotive hydraulic brake systems market size was valued at USD 12.5 billion in 2023 and is projected to grow at a CAGR of 5.2% between 2024 and 2032, driven by increasing vehicle production and sales. As global economies, especially in regions like Asia-Pacific and Latin America, develop, disposable incomes and urbanization rise. This has led to higher demand for passenger and commercial vehicles.

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Countries such as China, India, and Indonesia have seen significant growth in vehicle production and sales due to expanding middle-class populations and the need for personal mobility. According to OICA 2023, China leads with 30.16 million vehicles, a 12% increase. The United States produced 10.6 million vehicles, up by 6%, and Japan produced 8.99 million vehicles, a 15% rise. India also grew by 7%, producing 5.85 million vehicles.

Automotive Hydraulic Brake Systems Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive Hydraulic Brake Systems Market Size in 2023:	USD 12.5 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.2%
2032 Value Projection:	USD 19.6 Billion
Historical Data for:	2021 - 2023
No. of Pages:	160
Tables, Charts & Figures:	300
Segments covered:	Component, Brake, Vehicle, Sales Channel
Growth Drivers:	Increasing vehicle production and sales Growing safety concerns & regulatory standards Advancements in brake technologies
Pitfalls & Challenges:	High costs of advanced hydraulic brake systems Rising penetration of electric vehicles with regenerative braking

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Additionally, rising awareness of vehicle safety, strict government regulations, and consumer demand for better braking performance are pushing manufacturers to adopt advanced hydraulic brake technologies. This trend is boosting automotive hydraulic brake systems market growth as automakers rely on efficient hydraulic brake systems to ensure vehicle safety and meet regulations, especially in regions with strict safety standards like Europe and North America. The combined impact of increasing vehicle production and sales across different segments—passenger cars, light commercial vehicles, and heavy-duty trucks—is a key factor driving the global expansion of the market.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive hydraulic brake systems reached USD 12.5 billion in 2023 and is set to grow at a 5.2% CAGR from 2024 to 2032, driven by increasing vehicle production and sales.

The passenger vehicles segment accounted for over 55% of the market share in 2023 and is poised to exceed USD 11.2 billion by 2032, due to the adoption of advanced brake technologies to enhance safety and meet regulatory standards.

The OEM segment held 70.5% of the market share in 2023, benefiting from strong relationships with automakers and economies of scale, which enable cost-effective production and competitive pricing.

China accounted for 50% of the revenue share in 2023, bolstered by its strong manufacturing capabilities, rapid industrialization, and high domestic vehicle demand.

Major players in the industry include Aisin Seiki, Bosch, Brembo, Chassis Brakes International, Continental, Delphi, FTE Automotive, Haldex, Hitachi Automotive Systems, and ZF Friedrichshafen.