Market Share of Automotive Brake System Industry
The automotive brake system market is fragmented, with various players in the market. Some of the key players in the market include Advics Co. Ltd, Bosch Mobility Solutions, Continental AG, Brembo SpA, and Hitachi Astemo Ltd. Vehicle production capacity expansions, joint ventures, and new product launches are among the key players that drive the market. For instance,
In October 2023, Continental formed a strategic alliance with Munich-based high-tech company DeepDrive to collaboratively advance core technologies for electric vehicles. The initial milestone of this partnership involves the joint development of an integrated unit that combines drive and brake components designed for direct mounting on the vehicle wheel.
In June 2022, Akebono Brake Industry Co. Ltd announced that the joint venture agreements of Akebono Corporation (Guangzhou) and Akebono Corporation (Suzhou), its consolidated subsidiaries in China, with ITOCHU Corporation as well as ITOCHU HONG KONG LTD would be dissolved. A new joint venture agreement would be signed with Fujiwa Machinery Industry (Kunshan) Co. Ltd.
In March 2022, BOSCH announced the expansion of its plant in Aguascalientes, which will involve an investment of around USD 84 million in approximately 3,000 square meters of construction, which will generate the conditions to manufacture the new generation of brake systems for its customers in North America.
Automotive Brake System Market Leaders
Bosch Mobility Solutions
Continental AG
Hitachi Astemo Ltd.
Brembo S.p.A
Akebono Brake Industry Co., Ltd
*Disclaimer: Major Players sorted in no particular order
