1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 21
1.2.1 INCLUSIONS & EXCLUSIONS 21
1.3 MARKET SCOPE 22
FIGURE 1 BRAKE SYSTEM MARKET: MARKET SEGMENTATION 22
FIGURE 2 BRAKE SYSTEM MARKET: BY REGION 22
1.4 SUMMARY OF CHANGES 23

2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
FIGURE 3 RESEARCH DESIGN 24
FIGURE 4 RESEARCH METHODOLOGY MODEL 25
2.1.1 SECONDARY DATA 25
2.1.1.1 List of key secondary sources 26
2.1.1.2 Key data from secondary sources 27
2.1.2 PRIMARY DATA 28
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY STAKEHOLDER, DESIGNATION, & REGION 28
2.1.2.1 List of primary participants 29
2.2 MARKET ESTIMATION METHODOLOGY 29
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 30
2.2.1 BOTTOM-UP APPROACH 30
FIGURE 7 BRAKE SYSTEM MARKET SIZE: BOTTOM-UP APPROACH (ON- & OFF-HIGHWAY AND REGION) 31
2.2.2 TOP-DOWN APPROACH 32
FIGURE 8 BRAKE SYSTEM MARKET SIZE: TOP-DOWN APPROACH (BY ACTUATION) 32
2.3 DATA TRIANGULATION 33
FIGURE 9 DATA TRIANGULATION METHODOLOGY 33
2.4 RESEARCH ASSUMPTIONS 34
2.4.1 GLOBAL ASSUMPTIONS 34
2.4.2 MARKET ASSUMPTIONS 35
2.5 RESEARCH LIMITATIONS 36

3 EXECUTIVE SUMMARY 37
3.1 PRE & POST COVID-19 SCENARIO 37
FIGURE 10 PRE- & POST-COVID-19 SCENARIO: BRAKE SYSTEM MARKET, 2019-2026 (USD MILLION) 37
TABLE 1 BRAKE SYSTEM MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2019-2026 (USD MILLION) 38
3.2 REPORT SUMMARY 39
FIGURE 11 BRAKE SYSTEM MARKET: MARKET OUTLOOK 39
FIGURE 12 BRAKE SYSTEM MARKET, BY REGION, 2021 VS. 2026 (USD MILLION) 40

4 PREMIUM INSIGHTS 42
4.1 ATTRACTIVE OPPORTUNITIES IN BRAKE SYSTEM MARKET 42
FIGURE 13 STRINGENT SAFETY STANDARDS AND POPULARITY OF DISC BRAKES TO DRIVE THE MARKET 42
4.2 BRAKE SYSTEM MARKET, BY REGION 43
FIGURE 14 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD 43
4.3 BRAKE SYSTEM MARKET, BY TECHNOLOGY 43
FIGURE 15 ABS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2021 43
4.4 BRAKE SYSTEM MARKET, BY VEHICLE TYPE 44
FIGURE 16 PASSENGER CAR SEGMENT TO LEAD BRAKE SYSTEM MARKET BY 2026 44
4.5 BRAKE SYSTEM MARKET, BY BRAKE TYPE 44
FIGURE 17 DISC BRAKE TO BE FASTEST GROWING BRAKE TYPE DURING FORECAST PERIOD 44
4.6 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION 45
FIGURE 18 AGRICULTURAL TRACTORS EXPECTED TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD 45
4.7 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY TYPE 45
FIGURE 19 HYDRAULIC WET BRAKE TO CONTRIBUTE TO LARGEST SHARE IN OFF-HIGHWAY BRAKE SYSTEM DURING FORECAST PERIOD 45
4.8 BRAKE SYSTEM MARKET, BY ACTUATION 46
FIGURE 20 HYDRAULIC BRAKE SEGMENT TO HAVE HIGHER CAGR DURING FORECAST PERIOD 46

5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 48
FIGURE 21 BRAKE SYSTEM MARKET: MARKET DYNAMICS 48
5.2.1 DRIVERS 49
5.2.1.1 Stringent automotive active safety regulations 49
5.2.1.1.1 Stopping distance for light- and heavy-duty vehicles 49
FIGURE 22 COMPARISON OF STOPPING DISTANCES AT 65 MPH FOR PASSENGER CAR AND TRUCK IN US 49
FIGURE 23 TOTAL STOPPING DISTANCES FOR PASSENGER CAR AND TRUCK 50
5.2.1.1.2 Enhanced vehicle safety with ABS and EBD 50
FIGURE 24 EFFECT OF EBD 51
5.2.1.2 Integration of ACC in electronic braking systems 51
FIGURE 25 ANALYSIS OF ELECTRONIC BRAKING SYSTEMS FOR DIFFERENT VEHICLE CLASS 52
5.2.1.3 Impact of NCAP on electronic brake systems 52
TABLE 2 LOCAL NEW CAR ASSESSMENT PROGRAMS (NCAP) 53
TABLE 3 FACTORS & WEIGHTAGE FOR EURO NCAP RATING 53
5.2.2 RESTRAINTS 54
5.2.2.1 High development and maintenance costs 54
TABLE 4 ABS CONTROL MODULE REPAIR COSTS (USD) 54
5.2.3 OPPORTUNITIES 55
5.2.3.1 Brake-by-wire systems 55
FIGURE 26 BRAKE-BY-WIRE MARKET, 2020 VS. 2025 (USD MILLION) 55
5.2.3.2 Regenerative braking to create lucrative growth in EV ecosystem 56
FIGURE 27 ELECTRIC VEHICLE SALES, 2021 VS 2026 (‘000 UNITS) 56
5.2.4 CHALLENGES 57
5.2.4.1 Malfunctioning of electronic braking systems 57
5.2.4.2 Air brake freeze-ups 57
5.2.5 IMPACT OF COVID-19 ON BRAKE SYSTEM MARKET 57
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER'S BUSINESS 58
FIGURE 28 REVENUE SHIFT FOR BRAKE SYSTEM MARKET 58
5.4 BRAKE SYSTEM MARKET, SCENARIOS (2021-2026) 58
FIGURE 29 BRAKE SYSTEM MARKET: COVID-19 SCENARIOS ANALYSIS 58
5.4.1 MOST LIKELY/REALISTIC SCENARIO 59
TABLE 5 BRAKE SYSTEM MARKET, (REALISTIC SCENARIO), BY REGION, 2019-2026 (USD MILLION) 59
5.4.2 HIGH COVID-19 IMPACT SCENARIO 59
TABLE 6 BRAKE SYSTEM MARKET (HIGH COVID-19 IMPACT SCENARIO), BY REGION, 2019-2026 (USD MILLION) 59
5.4.3 LOW COVID-19 IMPACT SCENARIO 60
TABLE 7 BRAKE SYSTEM MARKET (LOW COVID-19 IMPACT SCENARIO), BY REGION, 2019-2026 (USD MILLION) 60
5.5 ECOSYSTEM/MARKET MAP 60
TABLE 8 BRAKE SYSTEM MARKET: ECOSYSTEM 60
5.6 TECHNOLOGY ANALYSIS 61
5.7 CASE STUDY ANALYSIS 62
5.7.1 CASE STUDY 1 62
5.7.2 CASE STUDY 2 62
5.8 PATENT ANALYSIS 63
5.9 AVERAGE SELLING PRICE ANALYSIS, 2021-E 64
TABLE 9 AVERAGE SELLING PRICE, BY BRAKE TYPE 64
TABLE 10 AVERAGE SELLING PRICE, BY VEHICLE TYPE 64
TABLE 11 AVERAGE SELLING PRICE, BY TECHNOLOGY 65
5.10 VALUE CHAIN ANALYSIS 66
FIGURE 30 VALUE CHAIN ANALYSIS: BRAKE SYSTEM MARKET 67
5.11 TRADE ANALYSIS 68
TABLE 12 TRADE ANALYSIS, VEHICLE PARTS; BRAKES, SERVO-BRAKES, AND PARTS THEREOF 68
5.12 TARIFF AND REGULATORY LANDSCAPE 69
5.12.1 VEHICLE SAFETY STANDARDS, BY REGION 70
TABLE 13 VEHICLE SAFETY STANDARDS, BY REGION 70
5.12.2 US: FEDERAL MOTOR SAFETY STANDARDS FOR BRAKE SYSTEM PARTS 71
TABLE 14 US: FEDERAL MOTOR VEHICLE SAFETY STANDARDS 71
5.13 PORTER'S FIVE FORCES ANALYSIS 72
FIGURE 31 PORTER'S FIVE FORCES ANALYSIS 72
5.13.1 THREAT OF NEW ENTRANTS 72
5.13.2 THREAT OF SUBSTITUTES 73
5.13.3 BARGAINING POWER OF SUPPLIERS 73
5.13.4 BARGAINING POWER OF BUYERS 73
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 73

6 BRAKE SYSTEM MARKET, BY BRAKE TYPE 74
6.1 INTRODUCTION 75
6.1.1 RESEARCH METHODOLOGY 75
6.1.2 ASSUMPTIONS/LIMITATIONS 75
6.1.3 INDUSTRY INSIGHTS 75
FIGURE 32 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2021 VS. 2026 (USD MILLION) 75
TABLE 15 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 76
TABLE 16 BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 76
6.2 DISC BRAKE 76
6.2.1 ADVANTAGES LIKE BETTER HEAT DISSIPATION & SELF-ADJUSTING FRICTION MATERIAL TO DRIVE DEMAND 76
TABLE 17 DISC BRAKE MARKET, BY REGION, 2019-2026 (‘000 UNITS) 77
TABLE 18 DISC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 77
6.3 DRUM BRAKE 78
6.3.1 COST-SENSITIVE NATURE OF EMERGING MARKETS EXPECTED TO DRIVE DEMAND 78
TABLE 19 DRUM BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 78
TABLE 20 DRUM BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 78

7 BRAKE SYSTEM MARKET, BY TECHNOLOGY 79
7.1 INTRODUCTION 80
7.1.1 RESEARCH METHODOLOGY 80
7.1.2 ASSUMPTIONS/LIMITATIONS 80
7.1.3 INDUSTRY INSIGHTS 80
FIGURE 33 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2021 VS. 2026 (USD MILLION) 81
TABLE 21 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2019-2026 (‘000 UNITS) 81
TABLE 22 BRAKE SYSTEM MARKET, BY TECHNOLOGY, 2019-2026 (USD MILLION) 81
7.2 ANTI-LOCK BRAKE SYSTEM (ABS) 82
7.2.1 REGULATIONS TO MANDATE ABS EXPECTED TO DRIVE THE SEGMENT 82
TABLE 23 ANTILOCK BRAKING SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 82
TABLE 24 ANTILOCK BRAKING SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 82
7.3 ELECTRONIC STABILITY CONTROL (ESC) 83
7.3.1 REDUCTION OF FATALITIES AND TECHNICAL BENEFITS EXPECTED TO DRIVE THE SEGMENT 83
TABLE 25 ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2019-2026 (‘000 UNITS) 83
TABLE 26 ELECTRONIC STABILITY CONTROL MARKET, BY REGION, 2019-2026 (USD MILLION) 83
7.4 TRACTION CONTROL SYSTEM (TCS) 84
7.4.1 BETTER TRACTION CONTROL AND LIMITED WHEEL SLIPPAGE EXPECTED TO DRIVE THE SEGMENT 84
TABLE 27 TRACTION CONTROL SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 84
TABLE 28 TRACTION CONTROL SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 84
7.5 ELECTRONIC BRAKE FORCE DISTRIBUTION (EBD) 85
7.5.1 STRINGENCY IN SAFETY REGULATIONS EXPECTED TO DRIVE THE SEGMENT 85
TABLE 29 ELECTRONIC BRAKE FORCE DISTRIBUTION MARKET, BY REGION, 2019-2026 (‘000 UNITS) 85
TABLE 30 ELECTRONIC BRAKE FORCE DISTRIBUTION MARKET, BY REGION, 2019-2026 (USD MILLION) 85

8 BRAKE SYSTEM MARKET, BY VEHICLE TYPE 86
8.1 INTRODUCTION 87
8.1.1 RESEARCH METHODOLOGY 87
8.1.2 ASSUMPTIONS/LIMITATIONS 87
8.1.3 INDUSTRY INSIGHTS 88
FIGURE 34 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2021 VS. 2026 (USD MILLION) 88
TABLE 31 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2019-2026 (‘000 UNITS) 88
TABLE 32 BRAKE SYSTEM MARKET, BY VEHICLE TYPE, 2019-2026 (USD MILLION) 89
8.2 PASSENGER CAR 89
8.2.1 STRINGENT SAFETY STANDARDS EXPECTED TO DRIVE THE SEGMENT 89
TABLE 33 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 89
TABLE 34 PASSENGER CAR BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 90
8.3 LIGHT COMMERCIAL VEHICLE (LCV) 90
8.3.1 GROWING DEMAND FOR ADVANCED BRAKING SYSTEMS EXPECTED TO DRIVE THE SEGMENT 90
TABLE 35 LIGHT COMMERCIAL VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 90
TABLE 36 LIGHT COMMERCIAL VEHICLE BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 91
8.4 TRUCK 91
8.4.1 INTRODUCTION OF ELECTRONIC BRAKE SYSTEMS EXPECTED TO DRIVE THE SEGMENT 91
TABLE 37 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 91
TABLE 38 TRUCK BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 92
8.5 BUS 92
8.5.1 ADOPTION OF EFFICIENT BRAKE SYSTEMS EXPECTED TO DRIVE THE SEGMENT 92
TABLE 39 BUS BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 92
TABLE 40 BUS BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 93

9 BRAKE SYSTEM MARKET, BY ACTUATION 94
9.1 INTRODUCTION 95
9.1.1 RESEARCH METHODOLOGY 95
9.1.2 ASSUMPTIONS/LIMITATIONS 95
9.1.3 INDUSTRY INSIGHTS 95
FIGURE 35 BRAKE SYSTEM MARKET, BY ACTUATION, 2021 VS. 2026 (USD MILLION) 96
TABLE 41 BRAKE SYSTEM MARKET, BY ACTUATION, 2019-2026 (‘000 UNITS) 96
TABLE 42 BRAKE SYSTEM MARKET, BY ACTUATION, 2019-2026 (USD MILLION) 96
9.2 HYDRAULIC BRAKE 97
9.2.1 LIGHT CONSTRUCTION AND LOW OVERALL WEIGHT TO DRIVE DEMAND 97
TABLE 43 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 97
TABLE 44 HYDRAULIC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 97
9.3 PNEUMATIC BRAKE 98
9.3.1 SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES TO DRIVE DEMAND 98
TABLE 45 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 98
TABLE 46 PNEUMATIC BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 98

10 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION 99
10.1 INTRODUCTION 100
10.1.1 RESEARCH METHODOLOGY 100
10.1.2 ASSUMPTIONS/LIMITATIONS 100
10.1.3 INDUSTRY INSIGHTS 101
FIGURE 36 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2021 VS. 2026 (USD MILLION) 101
TABLE 47 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2019-2026 (‘000 UNITS) 101
TABLE 48 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY APPLICATION, 2019-2026 (USD MILLION) 102
10.2 AGRICULTURAL TRACTOR 102
TABLE 49 AGRICULTURAL TRACTOR BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 102
TABLE 50 AGRICULTURAL TRACTOR BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 103
10.3 CONSTRUCTION EQUIPMENT 103
TABLE 51 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 104
TABLE 52 CONSTRUCTION EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 104
10.4 MINING EQUIPMENT 104
TABLE 53 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 105
TABLE 54 MINING EQUIPMENT BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 105

11 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE 106
11.1 INTRODUCTION 107
11.1.1 RESEARCH METHODOLOGY 107
11.1.2 ASSUMPTIONS/LIMITATIONS 107
11.1.3 INDUSTRY INSIGHTS 108
FIGURE 37 OFF-BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2021 VS. 2026 (USD MILLION) 108
TABLE 55 OFF-HIGHWAY VEHICLES BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 108
TABLE 56 OFF-HIGHWAY VEHICLES BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 109
11.2 HYDROSTATIC BRAKE 109
11.2.1 INCREASING DEPLOYMENT OF MINING EQUIPMENT WITH HYDROSTATIC BRAKING EXPECTED TO DRIVE THE SEGMENT 109
TABLE 57 OFF-HIGHWAY VEHICLES HYDROSTATIC BRAKE MARKET, BY REGION, 2019-2026 (‘000 UNITS) 109
TABLE 58 OFF-HIGHWAY VEHICLES HYDROSTATIC BRAKE MARKET, BY REGION, 2019-2026 (USD MILLION) 110
11.3 HYDRAULIC WET BRAKE 110
11.3.1 SAFETY REGULATIONS FOR HEAVY COMMERCIAL VEHICLES EXPECTED TO DRIVE THE SEGMENT 110
TABLE 59 OFF-HIGHWAY VEHICLES HYDRAULIC WET BRAKE MARKET, BY REGION, 2019-2026 (‘000 UNITS) 110
TABLE 60 OFF-HIGHWAY VEHICLES HYDRAULIC WET BRAKE MARKET, BY REGION, 2019-2026 (USD MILLION) 111
11.4 DYNAMIC BRAKE 111
11.4.1 STRINGENCY IN SAFETY STANDARDS EXPECTED TO DRIVE THE SEGMENT 111
TABLE 61 OFF-HIGHWAY VEHICLES DYNAMIC BRAKE MARKET, BY REGION, 2019-2026 (‘000 UNITS) 112
TABLE 62 OFF-HIGHWAY VEHICLES DYNAMIC BRAKE MARKET, BY REGION, 2019-2026 (USD MILLION) 112
11.5 OTHERS 113
TABLE 63 OTHERS OFF-HIGHWAY VEHICLES BRAKE MARKET, BY REGION, 2019-2026 (‘000 UNITS) 113
TABLE 64 OTHERS OFF-HIGHWAY VEHICLES BRAKE MARKET, BY REGION, 2019-2026 (USD MILLION) 113

12 BRAKE SYSTEM MARKET, BY REGION 114
12.1 INTRODUCTION 115
12.1.1 RESEARCH METHODOLOGY 115
12.1.2 ASSUMPTIONS/LIMITATIONS 116
12.1.3 INDUSTRY INSIGHTS 116
FIGURE 38 BRAKE SYSTEM MARKET, BY REGION, 2021 VS. 2026 (USD MILLION) 116
TABLE 65 BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (‘000 UNITS) 117
TABLE 66 BRAKE SYSTEM MARKET, BY REGION, 2019-2026 (USD MILLION) 117
12.2 ASIA PACIFIC 117
FIGURE 39 ASIA PACIFIC BRAKE SYSTEM MARKET SNAPSHOT 118
TABLE 67 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (‘000 UNITS) 118
TABLE 68 ASIA PACIFIC: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (USD MILLION) 119
12.2.1 CHINA 119
12.2.1.1 Growing vehicle production to drive the market 119
TABLE 69 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 119
TABLE 70 CHINA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 120
12.2.2 INDIA 120
12.2.2.1 Stringency in safety standards to drive the market 120
TABLE 71 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 120
TABLE 72 INDIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 121
12.2.3 JAPAN 121
12.2.3.1 Rising penetration of automatic braking systems to drive the market 121
TABLE 73 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 121
TABLE 74 JAPAN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 121
12.2.4 SOUTH KOREA 122
12.2.4.1 Government mandates for implementation of advanced brake systems to drive the market 122
TABLE 75 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 122
TABLE 76 SOUTH KOREA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 122
12.2.5 REST OF ASIA PACIFIC 123
TABLE 77 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 123
TABLE 78 REST OF ASIA PACIFIC: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 123
12.3 EUROPE 124
FIGURE 40 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2021 VS. 2026 124
TABLE 79 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (‘000 UNITS) 124
TABLE 80 EUROPE: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (USD MILLION) 125
12.3.1 GERMANY 125
12.3.1.1 Implementation of advanced emergency braking systems as a standard fitment to drive the market 125
TABLE 81 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 125
TABLE 82 GERMANY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 126
12.3.2 FRANCE 126
12.3.2.1 Increasing penetration of disc brakes to drive the market 126
TABLE 83 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 126
TABLE 84 FRANCE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 126
12.3.3 SPAIN 127
12.3.3.1 Implementation of AEB in passenger cars to drive the market 127
TABLE 85 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 127
TABLE 86 SPAIN: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 127
12.3.4 ITALY 127
12.3.4.1 Regulations mandating AEB to drive the market 127
TABLE 87 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 128
TABLE 88 ITALY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 128
12.3.5 UK 128
12.3.5.1 Increasing adoption of ABS and ESC to drive the market 128
TABLE 89 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 128
TABLE 90 UK: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 129
12.3.6 REST OF EUROPE 129
TABLE 91 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 129
TABLE 92 REST OF EUROPE: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 129
12.4 NORTH AMERICA 130
FIGURE 41 NORTH AMERICA: BRAKE SYSTEM MARKET SNAPSHOT 130
TABLE 93 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (‘000 UNITS) 131
TABLE 94 NORTH AMERICA: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (USD MILLION) 131
12.4.1 US 131
12.4.1.1 Regulations to reduce stopping distance in commercial vehicles to drive the market 131
TABLE 95 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 132
TABLE 96 US: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 132
12.4.2 CANADA 132
12.4.2.1 Mandatory features such as ABS & ESC to drive the market 132
TABLE 97 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 132
TABLE 98 CANADA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 133
12.4.3 MEXICO 133
12.4.3.1 Free trade agreements promoting domestic production of brake system components to drive the market 133
TABLE 99 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 133
TABLE 100 MEXICO: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 134
12.5 REST OF THE WORLD (ROW) 134
FIGURE 42 ROW: BRAKE SYSTEM MARKET, 2021 VS. 2026 (USD MILLION) 134
TABLE 101 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (‘000 UNITS) 135
TABLE 102 REST OF THE WORLD: BRAKE SYSTEM MARKET, BY COUNTRY, 2019-2026 (USD MILLION) 135
12.5.1 BRAZIL 135
12.5.1.1 Setting up of local plants for brake system components to drive the market 135
TABLE 103 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 136
TABLE 104 BRAZIL: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 136
12.5.2 TURKEY 136
12.5.2.1 Lower manufacturing & labor costs to drive the market 136
TABLE 105 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 136
TABLE 106 TURKEY: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 137
12.5.3 RUSSIA 137
12.5.3.1 Increasing adoption of disc brakes in LCVs to drive the market 137
TABLE 107 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 137
TABLE 108 RUSSIA: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 137
12.5.4 REST OF ROW 138
TABLE 109 REST OF ROW: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (‘000 UNITS) 138
TABLE 110 REST OF ROW: BRAKE SYSTEM MARKET, BY BRAKE TYPE, 2019-2026 (USD MILLION) 138

13 COMPETITIVE LANDSCAPE 139
13.1 OVERVIEW 139
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 139
FIGURE 43 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENT STRATEGY AS THE KEY GROWTH STRATEGY, 2019-2021 140
13.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018-2020 141
13.4 MARKET SHARE ANALYSIS 142
TABLE 111 MARKET SHARE, 2020 142
FIGURE 44 BRAKE SYSTEM MARKET SHARE ANALYSIS, 2020 142
13.5 COMPETITIVE LEADERSHIP MAPPING 144
13.5.1 STAR 144
13.5.2 EMERGING LEADER 144
13.5.3 PERVASIVE 144
13.5.4 PARTICIPANT 144
FIGURE 45 COMPETITIVE LEADERSHIP MAPPING: BRAKE SYSTEM MANUFACTURERS 145
TABLE 112 BRAKE SYSTEM MARKET: COMPANY FOOTPRINT 146
TABLE 113 COMPANY TECHNOLOGY FOOTPRINT 147
TABLE 114 COMPANY REGION FOOTPRINT (19 COMPANIES) 148
13.6 COMPETITIVE LEADERSHIP MAPPING: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS 149
13.6.1 STAR 149
13.6.2 EMERGING LEADER 149
13.6.3 PERVASIVE 149
13.6.4 PARTICIPANT 149
FIGURE 46 COMPETITIVE LEADERSHIP MAPPING: OFF-HIGHWAY BRAKE SYSTEM MANUFACTURERS 150
TABLE 115 OFF-HIGHWAY BRAKE SYSTEM MARKET: COMPANY FOOTPRINT 151
TABLE 116 COMPANY INDUSTRY FOOTPRINT (OFF-HIGHWAY) (12 COMPANIES) 152
TABLE 117 COMPANY REGION FOOTPRINT (OFF-HIGHWAY) (12 COMPANIES) 153
13.7 COMPETITIVE SCENARIO 153
13.8 NEW PRODUCT LAUNCHES 154
TABLE 118 NEW PRODUCT DEVELOPMENT, 2019-2020 154
13.9 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, & JOINT VENTURES 155
TABLE 119 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, & JOINT VENTURES, 2019-2021 155

14 COMPANY PROFILES 156
14.1 KEY PLAYERS 156
(Business overview, Products offered, Recent Developments, MNM view)* 14.1.1 ROBERT BOSCH GMBH 156
TABLE 120 ROBERT BOSCH GMBH: BUSINESS OVERVIEW 156
FIGURE 47 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 157
TABLE 121 ROBERT BOSCH GMBH: PRODUCT LAUNCHES 158
TABLE 122 ROBERT BOSCH GMBH: DEALS 158
14.1.2 CONTINENTAL AG 160
TABLE 123 CONTINENTAL AG: BUSINESS OVERVIEW 160
FIGURE 48 CONTINENTAL AG: COMPANY SNAPSHOT 161
TABLE 124 CONTINENTAL AG: PRODUCT DEVELOPMENTS 162
TABLE 125 CONTINENTAL AG: DEALS 163
14.1.3 ZF FRIEDRICHSHAFEN AG 165
TABLE 126 ZF FRIEDRICHSHAFEN AG: BUSINESS OVERVIEW 165
FIGURE 49 ZF FRIEDRICHSHAFEN AG: COMPANY SNAPSHOT 166
TABLE 127 ZF FRIEDRICHSHAFEN AG: PRODUCT LAUNCHES 167
TABLE 128 ZF FRIEDRICHSHAFEN AG: DEALS 168
14.1.4 AKEBONO BRAKE INDUSTRY CO., LTD. 170
TABLE 129 AKEBONO BRAKE INDUSTRY CO., LTD.: BUSINESS OVERVIEW 170
FIGURE 50 AKEBONO BRAKE INDUSTRY CO., LTD.: COMPANY SNAPSHOT 170
TABLE 130 AKEBONO BRAKE INDUSTRY CO., LTD.: PRODUCT LAUNCHES 171
14.1.5 BREMBO S.P.A 173
TABLE 131 BREMBO S.P.A: BUSINESS OVERVIEW 173
FIGURE 51 BREMBO S.P.A: COMPANY SNAPSHOT 173
TABLE 132 BREMBO S.P.A: PRODUCT LAUNCHES 174
TABLE 133 BREMBO S.P.A: DEALS 176
14.1.6 AISIN SEIKI CO., LTD. 177
TABLE 134 AISIN SEIKI CO., LTD.: BUSINESS OVERVIEW 177
FIGURE 52 AISIN SEIKI CO., LTD.: COMPANY SNAPSHOT 177
14.1.7 HITACHI ASTEMO LTD. 179
TABLE 135 HITACHI ASTEMO LTD.: BUSINESS OVERVIEW 179
FIGURE 53 HITACHI ASTEMO LTD.: COMPANY SNAPSHOT 180
TABLE 136 HITACHI ASTEMO LTD.: OTHERS 181
14.1.8 KNORR-BREMSE AG 182
TABLE 137 KNORR-BREMSE AG: BUSINESS OVERVIEW 182
FIGURE 54 KNORR-BREMSE AG: COMPANY SNAPSHOT 183
14.1.9 HALDEX AB 184
TABLE 138 HALDEX AB: BUSINESS OVERVIEW 184
FIGURE 55 HALDEX AB: COMPANY SNAPSHOT 185
TABLE 139 HALDEX AB: PRODUCT LAUNCHES 186
TABLE 140 HALDEX AB: DEALS 186
14.1.10 MANDO CORPORATION 188
TABLE 141 MANDO CORPORATION: BUSINESS OVERVIEW 188
FIGURE 56 MANDO CORP: COMPANY SNAPSHOT 189
14.2 OTHER KEY PLAYERS 190
14.2.1 ASIA PACIFIC 190
14.2.1.1 Denso Corporation 190
TABLE 142 DENSO CORPORATION: BUSINESS OVERVIEW 190
14.2.1.2 Hyundai Mobis 191
TABLE 143 HYUNDAI MOBIS: BUSINESS OVERVIEW 191
14.2.1.3 Wuhan Youfin Auto Parts Co., Ltd. 191
TABLE 144 WUHAN YOUFIN AUTO PARTS CO., LTD.: BUSINESS OVERVIEW 191
14.2.1.4 Advics Co., Ltd. 192
TABLE 145 ADVIS CO., LTD.: BUSINESS OVERVIEW 192
14.2.1.5 Wuhu Bethel Automotive Safety System Co., Ltd. 193
TABLE 146 WUHU BETHEL AUTOMOTIVE SAFETY SYSTEM CO., LTD.: BUSINESS OVERVIEW 193
14.2.2 EUROPE 194
14.2.2.1 Beringer 194
TABLE 147 BERINGER: BUSINESS OVERVIEW 194
14.2.2.2 EBC Brakes 195
TABLE 148 EBC BRAKES: BUSINESS OVERVIEW 195
14.2.2.3 NIFO SRL 196
TABLE 149 NIFO SRL 196
14.2.3 NORTH AMERICA 197
14.2.3.1 BWI Group 197
TABLE 150 BWI GROUP: BUSINESS OVERVIEW 197
14.2.3.2 Meritor, Inc. 198
TABLE 151 MERITOR, INC.: BUSINESS OVERVIEW 198
14.2.3.3 Muller Brakes America Inc. 199
TABLE 152 MÜLLER BRAKES AMERICA: BUSINESS OVERVIEW 199
14.2.3.4 Wagner Brake 200
TABLE 153 WAGNER BRAKE: BUSINESS OVERVIEW 200
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 15 RECOMMENDATIONS BY MARKETSANDMARKETS 201
15.1 ASIA PACIFIC IS A POTENTIAL MARKET FOR BRAKE SYSTEMS 201
15.2 COMPANIES SHOULD FOCUS ON DISC BRAKES 201
15.3 GROWING DEMAND FOR HYDRAULIC WET BRAKES IN AGRICULTURAL TRACTORS 201
15.4 CONCLUSION 202

16 APPENDIX 203
16.1 CURRENCY & PRICING 203
TABLE 154 CURRENCY EXCHANGE RATES (WRT PER USD) 203
16.2 INSIGHTS OF INDUSTRY EXPERTS 204
16.3 DISCUSSION GUIDE 205
16.4 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 208
16.5 AVAILABLE CUSTOMIZATIONS 210
16.5.1 OFF-HIGHWAY BRAKE SYSTEM MARKET, BY BRAKE TYPE 210
16.5.1.1 Hydrostatic Brake 210
16.5.1.2 Hydraulic Wet Brake 210
16.5.1.3 Dynamic Brake 210
16.5.1.4 Others 210
16.5.2 ON-HIGHWAY SYSTEM MARKET, BY VEHICLE TYPE & BRAKE TYPE 210
16.5.2.1 Disc Brake 210
16.5.2.2 Drum Brake 210
16.6 RELATED REPORTS 210
16.7 AUTHOR DETAILS 211