The Latin America, Middle East and Africa Brake System Market would witness market growth of 7.6% CAGR during the forecast period (2022-2028).
A braking rotor is physically affixed to the wheel makes up disc brakes. The brake pads on either side of the rotor are squeezed by hydraulic pressure from the master cylinder acting on a caliper, which is located slightly outside the rotor and holds the brake pads. The car slows down and comes to a stop as a result of friction between the pads and the rotor. Drum brakes work by mounting a braking drum inside the wheel.
Two brake shoes are pressed on the braking drum by hydraulic pressure as the brake pedal contracts. As a result of the friction, the car slows down and comes to a stop. Auxiliary Brakes Parking brakes and emergency brakes are two types of secondary braking systems that operate separately from the service brakes. Almost all emergency brakes are powered by wires that mechanically apply pressure to the wheels. This is despite the fact that there are numerous distinct types of brakes available in the market.
They can also be utilized in emergency situations if the stationary brakes fail. They are typically employed to keep a vehicle still while it is parked. On the majority of current cars, anti-lock brake systems (ABS) are standard. ABS prevents the wheels from locking up when the stationary brakes are abruptly applied, keeping the tires from skidding. When traveling on slick, rainy roads, this capability comes in especially handy.
More than 70 car models have been examined throughout Latin America as part of the New Car Assessment Program for Latin America and the Caribbean (Latin NCAP). The program was started by World Health Organization and it aims to increase vehicle safety in these regions. New Car Assessment Programs (NCAP) evaluate new cars for crashworthiness and assign them a score that reflects their performance. The goal of NCAPs is to increase consumer awareness and demand for safer cars while also increasing the supply of safer vehicles.
The Brazil market dominated the LAMEA Brake System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $676.8 million by 2028. The Argentina market is experiencing a CAGR of 8.1% during (2022 - 2028). Additionally, The UAE market is exhibiting a CAGR of 7.3% during (2022 - 2028).
Based on Technology, the market is segmented into Antilock Braking Systems (ABS), Electronic Stability Control (ESC), Traction Stability Control (TCS) and Electronic Brakeforce Distribution (EBD) & Others. Based on Actuation, the market is segmented into Hydraulic and Pneumatic. Based on Brake Type, the market is segmented into Disc and Drum. Based on Vehicle Type, the market is segmented into Passenger Car, Light-commercial Vehicles (LCV), Truck and Bus. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Brake System Market is Predict to reach $29 Billion by 2028, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Knorr-Bremse AG, Brembo S.p.A., Continental AG, Hitachi, Ltd. (Hitachi Astemo, Ltd.), Denso Corporation, ZF Friedrichshafen AG, Aisin Corporation, Haldex AB and Mando Corporation (Halla Group).
Scope of the Study
Market Segments Covered in the Report:
By Technology
- Antilock Braking Systems (ABS)
- Electronic Stability Control (ESC)
- Traction Stability Control (TCS)
- Electronic Brakeforce Distribution (EBD) & Others
By Actuation
By Brake Type
By Vehicle Type
- Passenger Car
- Light-commercial Vehicles (LCV)
- Truck
- Bus
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- Knorr-Bremse AG
- Brembo S.p.A.
- Continental AG
- Hitachi, Ltd. (Hitachi Astemo, Ltd.)
- Denso Corporation
- ZF Friedrichshafen AG
- Aisin Corporation
- Haldex AB
- Mando Corporation (Halla Group)
TABLE 1 LAMEA Brake System Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Brake System Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Brake System Market by Technology, 2018 - 2021, USD Million
TABLE 4 LAMEA Brake System Market by Technology, 2022 - 2028, USD Million
TABLE 5 LAMEA Antilock Braking Systems (ABS) Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Antilock Braking Systems (ABS) Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Electronic Stability Control (ESC) Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Electronic Stability Control (ESC) Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Traction Stability Control (TCS) Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Traction Stability Control (TCS) Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Electronic Brakeforce Distribution (EBD) & Others Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Electronic Brakeforce Distribution (EBD) & Others Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Brake System Market by Actuation, 2018 - 2021, USD Million
TABLE 14 LAMEA Brake System Market by Actuation, 2022 - 2028, USD Million
TABLE 15 LAMEA Hydraulic Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Hydraulic Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Pneumatic Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Pneumatic Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Brake System Market by Brake Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Brake System Market by Brake Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Disc Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Disc Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Drum Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Drum Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Brake System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 26 LAMEA Brake System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 27 LAMEA Passenger Car Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Passenger Car Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Light-commercial Vehicles (LCV) Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Light-commercial Vehicles (LCV) Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Truck Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Truck Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Bus Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Bus Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Brake System Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Brake System Market by Country, 2022 - 2028, USD Million
TABLE 37 Brazil Brake System Market, 2018 - 2021, USD Million
TABLE 38 Brazil Brake System Market, 2022 - 2028, USD Million
TABLE 39 Brazil Brake System Market by Technology, 2018 - 2021, USD Million
TABLE 40 Brazil Brake System Market by Technology, 2022 - 2028, USD Million
TABLE 41 Brazil Brake System Market by Actuation, 2018 - 2021, USD Million
TABLE 42 Brazil Brake System Market by Actuation, 2022 - 2028, USD Million
TABLE 43 Brazil Brake System Market by Brake Type, 2018 - 2021, USD Million
TABLE 44 Brazil Brake System Market by Brake Type, 2022 - 2028, USD Million
TABLE 45 Brazil Brake System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 46 Brazil Brake System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 47 Argentina Brake System Market, 2018 - 2021, USD Million
TABLE 48 Argentina Brake System Market, 2022 - 2028, USD Million
TABLE 49 Argentina Brake System Market by Technology, 2018 - 2021, USD Million
TABLE 50 Argentina Brake System Market by Technology, 2022 - 2028, USD Million
TABLE 51 Argentina Brake System Market by Actuation, 2018 - 2021, USD Million
TABLE 52 Argentina Brake System Market by Actuation, 2022 - 2028, USD Million
TABLE 53 Argentina Brake System Market by Brake Type, 2018 - 2021, USD Million
TABLE 54 Argentina Brake System Market by Brake Type, 2022 - 2028, USD Million
TABLE 55 Argentina Brake System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 56 Argentina Brake System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 57 UAE Brake System Market, 2018 - 2021, USD Million
TABLE 58 UAE Brake System Market, 2022 - 2028, USD Million
TABLE 59 UAE Brake System Market by Technology, 2018 - 2021, USD Million
TABLE 60 UAE Brake System Market by Technology, 2022 - 2028, USD Million
TABLE 61 UAE Brake System Market by Actuation, 2018 - 2021, USD Million
TABLE 62 UAE Brake System Market by Actuation, 2022 - 2028, USD Million
TABLE 63 UAE Brake System Market by Brake Type, 2018 - 2021, USD Million
TABLE 64 UAE Brake System Market by Brake Type, 2022 - 2028, USD Million
TABLE 65 UAE Brake System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 66 UAE Brake System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Brake System Market, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Brake System Market, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Brake System Market by Technology, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Brake System Market by Technology, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Brake System Market by Actuation, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Brake System Market by Actuation, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Brake System Market by Brake Type, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Brake System Market by Brake Type, 2022 - 2028, USD Million
TABLE 75 Saudi Arabia Brake System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 76 Saudi Arabia Brake System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 77 South Africa Brake System Market, 2018 - 2021, USD Million
TABLE 78 South Africa Brake System Market, 2022 - 2028, USD Million
TABLE 79 South Africa Brake System Market by Technology, 2018 - 2021, USD Million
TABLE 80 South Africa Brake System Market by Technology, 2022 - 2028, USD Million
TABLE 81 South Africa Brake System Market by Actuation, 2018 - 2021, USD Million
TABLE 82 South Africa Brake System Market by Actuation, 2022 - 2028, USD Million
TABLE 83 South Africa Brake System Market by Brake Type, 2018 - 2021, USD Million
TABLE 84 South Africa Brake System Market by Brake Type, 2022 - 2028, USD Million
TABLE 85 South Africa Brake System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 86 South Africa Brake System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 87 Nigeria Brake System Market, 2018 - 2021, USD Million
TABLE 88 Nigeria Brake System Market, 2022 - 2028, USD Million
TABLE 89 Nigeria Brake System Market by Technology, 2018 - 2021, USD Million
TABLE 90 Nigeria Brake System Market by Technology, 2022 - 2028, USD Million
TABLE 91 Nigeria Brake System Market by Actuation, 2018 - 2021, USD Million
TABLE 92 Nigeria Brake System Market by Actuation, 2022 - 2028, USD Million
TABLE 93 Nigeria Brake System Market by Brake Type, 2018 - 2021, USD Million
TABLE 94 Nigeria Brake System Market by Brake Type, 2022 - 2028, USD Million
TABLE 95 Nigeria Brake System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 96 Nigeria Brake System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Brake System Market, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Brake System Market, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Brake System Market by Technology, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA Brake System Market by Technology, 2022 - 2028, USD Million
TABLE 101 Rest of LAMEA Brake System Market by Actuation, 2018 - 2021, USD Million
TABLE 102 Rest of LAMEA Brake System Market by Actuation, 2022 - 2028, USD Million
TABLE 103 Rest of LAMEA Brake System Market by Brake Type, 2018 - 2021, USD Million
TABLE 104 Rest of LAMEA Brake System Market by Brake Type, 2022 - 2028, USD Million
TABLE 105 Rest of LAMEA Brake System Market by Vehicle Type, 2018 - 2021, USD Million
TABLE 106 Rest of LAMEA Brake System Market by Vehicle Type, 2022 - 2028, USD Million
TABLE 107 key information – Robert Bosch GmbH
TABLE 108 Key Information – Knorr-Bremse AG
TABLE 109 Key Information – Brembo S.p.A.
TABLE 110 Key Information – Continental AG
TABLE 111 Key Information – Hitachi, Ltd.
TABLE 112 key information – Denso Corporation
TABLE 113 Key Information – ZF Friedrichshafen AG
TABLE 114 Key Information – Aisin Corporation
TABLE 115 Key Information – Haldex AB
TABLE 116 Key Information – Mando Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Robert bosch gmbh
FIG 3 Recent strategies and developments: Knorr-Bremse AG
FIG 4 Recent strategies and developments: Brembo S.p.A
FIG 5 SWOT Analysis: Continental AG