Brake Systems Market - Statistics & Insights

Brake Systems overview

Global brake systems market, including ABS, electronic brake systems (EBS), brake-by-wire technology, regenerative braking, disc brakes, and drum brakes, was valued at approximately USD 23.87 billion in 2024 and is projected to reach USD 34.73 billion by 2032, growing at a CAGR of 4.8%. Market growth is driven by increasing vehicle production, stringent safety regulations and rising adoption of EV braking systems and autonomous vehicle braking technologies. Asia-Pacific dominated the brake systems industry with over 58% share, fueled by China, India and Japan automotive production, while North America and Europe remain significant due to high adoption of advanced safety systems and regulatory compliance.

Published by MMR Statistics Research Team, Updated

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