Automotive Brake System Market Analysis

Vehicle Class (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles)

The global automotive brake system market is segmented and analyzed for demand and supply by vehicle class into passenger cars, light commercial vehicles, heavy commercial vehicles, and others. Among these segments, the passenger cars segment is anticipated to capture the largest market size in the global market backed by the increasing trade and sales of passenger cars around the globe. For instance, in 2021, a total of 55 million passenger cars were sold worldwide, which was an increase from 52 million cars sold in 2020. In addition, the adoption of advanced technologies in the manufacturing of passenger vehicles, the growing demand for automated vehicles with high safety features, and economic growth are expected to augment segment growth in the coming years.

Our in-depth analysis of the global market includes the following segments: