South America Automotive Friction Brake System Market – Size, Trends and Forecast (2024

South America Automotive Friction Brake System Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2024

Forecast Data Period

2025-2030

Historical Data Period

2018-2023

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Brakes are used in automotive to stop or control the vehicle over the particular speed. The braking systems can be incorporated into other automotive systems to avoid skidding off the vehicles, making way to reduce the potential accidents. The rise in the production of vehicles and vehicle sales, coupled with stopping distance regulations, have made the automotive friction brake system market to rise over with the inclined growth over the forecast period.

South America Automotive Friction Brake System Market Size & Growth:

South America Automotive Friction Brake System Market is anticipated to reach the value of $4.50 billion in 2024 from $2.40 billion in 2018 with CAGR of 5.53%. Key parameters like focus on preventive maintenance and strictness in safety norms, increasing concerns over safety and government rules to improve vehicle safety, increase in the distance travelled by vehicles and longer replacement cycle are accelerating this market growth. Automotive friction brake system market has opportunities for an increase in lifespan of vehicles due to the delay of a new vehicle purchase in the developing economies. Factors like counterfeit brake products and mechanisms, high cost for incorporating advanced braking technologies, use of environmentally harmful materials in brake pads are restraining the market growth.

South America Automotive Friction Brake System Market Share:

South America Automotive Friction Brake System market is divided by product type, vehicle type, brake pad material type, technology and geographical segments. Disc type and drum type are the classifications based on product type. Disc brakes include a calliper and

South America Automotive Friction Brake System Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

slim motor which is used in halt wheel movement. Drum type brakes have the enclosed circular design to generate friction to reduce the speed of the vehicle. In the regard of braking power, disc-based systems are preferred to drum based braking systems. Owing to the increased usage and capability to work in the adverse weather conditions, disc barking systems have inclined growth during the forecast period.

On the base of vehicle type, passenger and commercial vehicles are the classifications. Where passenger vehicles are at the fast-growing pace, owing to the technological advancements and incorporation of sensors and microcontrollers in the electromechanical brakes. According to OICA, the sales related to passenger cars are increased by 5.0%.

Based on brake pad material type, the market is classified into semi-metallic, metallic and ceramic types. Semi-metallic pads are found in the majority of the passenger cars. Ceramic pads are used in the costliest cars owing to its high resistance and durability. On accounting the sales, semi-metallic pads have the largest market among all the brake pad materials.

Based on technology, the market is classified into Electronic brake force distribution, Electronic stability control, Anti-lock braking system and Traction control system. Antilock braking systems are having the largest share as they are highly implemented. ESC is the fastest growing segment, owing to the advantages in acquiring the vehicle control in the emergency situations. Based on the country, the South America automotive friction brake market is classified as Brazil, Argentina, and others.

South America Automotive Friction

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South America Automotive Friction Brake System Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Brake System Market Trends:

Bosch GmbH has partnered with the Munich Re for connectivity, financing and risk management from a single source in the regard of automotive.
Continental AG and NVIDIA have partnered to enable the worldwide production of the self-driven cars with the help of artificial intelligence.

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