Automotive Hydraulic Brakes Market was valued at USD 22.5 Billion in 2022 and is projected to reach USD 30.0 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
In the years leading up to 2022, the automotive hydraulic brakes market faced a steady increase in demand from both OEMs (Original Equipment Manufacturers) and the aftermarket sector. Manufacturers introduced systems that not only improved the overall braking performance but also focused on reducing weight and enhancing fuel efficiency. The adoption of electric vehicles (EVs) also played a crucial role in boosting the demand for advanced braking systems as these vehicles require specialized hydraulic braking systems for better energy efficiency and safety.
As we shift focus to the automotive hydraulic brakes market from 2023 to 2033, projections indicate a continued upward trend. The automotive sector is expected to continue adopting new technologies, including autonomous driving, smart braking systems, and electrification of vehicles, further pushing the demand for advanced hydraulic braking systems. Additionally, the rising focus on environmental sustainability will drive the market, as modern hydraulic systems are designed to be more energy-efficient and offer lower emissions compared to their predecessors.
Technological advancements in brake materials and fluid management will also play a pivotal role in shaping the market landscape. Manufacturers are exploring the integration of lightweight materials such as carbon fiber and advanced composites, which could reduce vehicle weight and improve the overall performance of hydraulic braking systems. Additionally, digital and electric brake boosters, which offer precise control over braking, will likely contribute to the overall growth of the market.
The demand for automotive hydraulic brakes from 2023 to 2033 is expected to experience significant growth in emerging markets as well. Increasing vehicle production in regions like Asia-Pacific, particularly in countries such as China and India, will drive the demand for advanced braking systems. These regions are seeing a surge in demand for both passenger vehicles and commercial transportation, increasing the need for reliable, high-performance hydraulic brake systems.
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The automotive hydraulic brakes market from 2018 to 2022 has witnessed substantial growth, primarily driven by the growing demand for safety and performance enhancements in vehicles. During this period, innovations in brake systems, along with advancements in materials and manufacturing technologies, fueled the adoption of hydraulic brake systems across various segments of the automotive industry. Hydraulic braking systems are known for their efficiency, reliability, and ability to handle higher stress compared to traditional mechanical systems. This led to their widespread use in passenger cars, commercial vehicles, and electric vehicles.
Continental AG
Robert Bosch GmbH
Akebono Brake Industry
Mando Corp.
Aisin
APG
Delphi Technologies
VULKAN
Svendborg Brakes
Tolomatic
Sanyo Shoji
Coremo Ocmea
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Hydraulic Brakes Market
Passenger Vehicle
Commercial Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Hydraulic Brakes market share In 2023.
Hydraulic Disc Brakes
Hydraulic Drum Brakes
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Hydraulic Brakes Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Hydraulic Brakes Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Hydraulic Brakes Market, By Type
6. Global Automotive Hydraulic Brakes Market, By Application
7. Global Automotive Hydraulic Brakes Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Hydraulic Brakes Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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