China Automotive Breaking System Market Size, Share, Analysis, Trends (2024)

China has one of the biggest and most dynamic automobile markets in the world, which is a reflection of the nation's quickening economic development, increasing urbanisation, and growing middle class. With a competitive and diverse industry landscape, China is now known as the world's largest automotive market, leading the world in both vehicle production and sales. The existence of multiple local automakers alongside foreign brands is one of the key features of China's automotive market structure. Government incentives and assistance for indigenous innovation and technology development frequently help domestic brands. International automakers have made a substantial presence in China in addition to local producers, either by establishing wholly-owned subsidiaries or joint ventures with local partners. However, fierce rivalry, quick technical development, and changing consumer tastes define China's car industry. To remain competitive in this fast-paced climate, businesses are putting more of an emphasis on innovation in fields like autonomous driving, linked cars, and alternative propulsion technologies.According to the research report "China Automotive Breaking System Market Research Report, 2029," published by Actual Market Research, the China Automotive Breaking System Market is forecasted to grow up to 6.72 USD Billion from 2024 to 2029. Disc brakes are the most used type of braking technology in the Chinese automobile market. Disc brakes are currently the standard option for both domestic and foreign automakers due to its exceptional performance, dependability, and safety features. Compared to typical drum brakes, disc brakes have a number of advantages. These features make them ideal for the variety of driving situations seen on China's extensive road network, from narrow mountain passes to busy city streets. Disc brake use is also in line with global automobile trends towards higher safety standards and more advanced technology. Although certain car models still use drum brakes, disc brakes are the most popular option in the Chinese auto industry because of its track record of dependability and effectiveness in providing secure and effective braking. Drum brakes are an affordable option for both manufacturers and customers because of its straightforward design and production process. They are frequently found in entry-level models, light commercial vehicles, and passenger automobiles' rear wheels, where their dependable durability and performance satisfy the necessities of daily driving. Moreover, drum brakes are frequently preferred for their efficiency as parking brakes. This is because of their straightforward mechanical design and capacity to keep a car still, which helps explain why so many Chinese cars still employ them. Regenerative brakes are another kind of braking technology that has grown in favour in China's automobile industry. In electric and hybrid vehicles, regenerative braking is frequently employed to increase energy efficiency and battery range. When braking or decelerating, kinetic energy is transformed into electrical energy by regenerative braking. The electric motor acts as a generator when the driver applies the brakes, absorbing energy that would otherwise be wasted as heat through conventional friction brakes. After that, the energy is caught and stored in the car's battery for use at a later time, as when the electric motor needs to be powered during accelerating. China's move towards more environmentally friendly transportation options and lower carbon emissions is consistent with the country's adoption of regenerative braking technology. The small passenger car category is the most in-demand vehicle type in China; according to industry statistics, "passenger cars are a key segment of the Chinese automotive industry, constituting more than 80% of the total automotive industry." It further notes that "factors like rising disposable income, growing demand for new cars from lower tier cities, and low vehicle costs are driving the growth of passenger vehicles in China." This source's facts and forecasts support the idea that passenger cars predominate in China. It illustrates the past and anticipated relationship between GDP per capita and the ownership of passenger cars, emphasising the rapid increase in demand for passenger cars in China as incomes rise. Small automobiles are often fitted with modern amenities, safety features, and cutting-edge technologies in China, which appeals to a wide range of customers looking for dependable comfortable transportation options. The compact car class is predicted to continue to be a dominant force in China's automotive market for the foreseeable future with sustained investment in research and development, strict pollution regulations, and government incentives to promote fuel-efficient vehicles.The sales and distribution networks in China for car braking systems are intricate and wide-ranging, involving numerous parties. The producers of braking components, such as brake pads, break discs, callipers, and brake master cylinders, both domestic and foreign, form the foundation of this network. In addition to original equipment manufacturers, aftermarket stores are a major supplier of automotive braking systems to car owners for upkeep, repair, and replacement. These retailers include independent repair shops, chain stores, specialised auto parts stores, and online vendors. Brake parts are sourced by aftermarket retailers from manufacturers or wholesalers and made available to customers via a variety of sales channels, guaranteeing wide accessibility throughout China's many locations. Brake parts are more easily distributed to the aftermarket thanks to the role that wholesalers and distributors play as go-betweens for manufacturers and aftermarket retailers. In order to maintain a consistent supply of goods to satisfy customer demand, they buy brake systems in large quantities from manufacturers and distribute them to merchants. In China, e-commerce sites are likewise becoming a more well-liked means of buying car braking systems. These online retailers give customers the ease and accessibility of shopping for things online and having them delivered right to their home. They achieve this by offering a large selection of braking components from different companies. Distribution of car braking systems also involves approved dealerships and service facilities connected to automakers. Considered in this report• Historic year: 2018• Base year: 2023• Estimated year: 2024• Forecast year: 2029Aspects covered in this report• Automotive Breaking System market Outlook with its value and forecast along with its segments• Various drivers and challenges• On-going trends and developments• Top profiled companies• Strategic recommendationBy Type• Disk Brake• Drums Brake• OthersBy Vehicle Type• Two wheelers• Passenger Vehicles• Commercial VehiclesBy Sales channel• OEM• After MarketThe approach of the report:This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.Intended audienceThis report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive Breaking System industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Compare Download Share

Compare Download Share

Compare Download Share