Automotive Brake System Market Size

Automotive Brake System Market size was valued at USD 25.67 billion in 2024 and is poised to cross USD 50.67 billion by the end of 2037, expanding at more than 5.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive brake system is estimated at USD 26.78 billion.

The growth of the market can be attributed primarily to the increasing production and sales of commercial vehicles worldwide, the increasing inclusion of advanced brake systems such as electronic brakeforce distribution and anti-lock brake systems (ABS), and rising domestic population demand. For instance, the number of commercial vehicles sold increased by 8.21% from 54,000 units sold in August 2021 to 67,100 units in August 2022.

Moreover, technological advancement in vehicles, the emergence of improved braking systems, increasing R&D activities, rising demand for autonomous vehicles, and the growing popularity of disc brakes in commercial cars coupled with increasing per capita income are all contributing factors expected to fuel global automotive brake system market growth over the forecast period. For instance, a 9% increase in disposable income was recorded by China citizens in 2021, reaching USD 5,200 per head.