Dual Circuit Brake System Market Disruptive Trends and Future Potential

Dual Circuit Brake System Market Dynamics, Challenges and Innovations

The dual circuit brake system market is expected to increase from USD 450 million in 2025 to USD 766.75 million by 2034, growing at a CAGR of 6.1% throughout the forecast period from 2025 to 2034.

Introduction

The dual circuit brake system market is a crucial branch of the automotive industry. This market deals in manufacturing and distribution of dual circuit brake system for the automotive sector. There are several types of brakes developed in this sector comprising of disc brakes, drum brakes and some others. It is designed for various types of vehicles consisting of passenger cars, commercial vehicles and some others. The growing sales of passenger cars in different parts of the world has contributed to the industrial expansion. This market is projected to rise significantly with the growth of the automotive components sector around the globe.

• According to the OICA, around 58644601 passenger cars were sold globally in 2022 that increased to 65272367 in 2023.

Highlights of the Dual Circuit Brake System Market

• North America held the largest share of the dual circuit brake system market due to the rising demand for safety features in automotives in this region.
• Asia Pacific is expected to grow with a significant CAGR due to the presence of various braking brands in this region.
• The passenger cars segment held the highest share of the market due to the increasing sales of crossovers around the globe.
• The hydraulic dual circuit brakes system segment led the industry due to the growing investment by automotive companies in advanced braking systems.

Key Metrics and Overview

Dual Circuit Brake System: Trends in the Industry

• The automotive companies have started integrating dual circuit brake systems for providing enhanced control in vehicles and helps in reducing the incidences of brake failure.
• Several automotive components manufacturers are partnering with each other to develop advanced braking systems for commercial vehicles.
• The government of various countries are mandating the use of advanced braking systems to enhance vehicle safety.
• Numerous companies are investing heavily for research and development for launching new products for maintaining their dominant position in the industry.

Industry Leader Announcement

In February 2024, Heiko Eggers, the head of commercial vehicle EMEA application engineering for braking and ADAS for ZF made an announcement stating that,” Our broad product portfolio, including ZF's standardized Electronic Braking System, enables faster time-to-market for new, innovative market players such as Tevva, Their commitment and agile engineering expertise allowed us to meet our stringent safety requirements and complete our project. We look forward to seeing the first Tevva trucks on the road."

Geographical Insights

North America held the highest share of the dual circuit brake system market. The growing use of dual-circuit brake systems in heavy vehicles has boosted the market growth. Also, the rapid integration of ADAS in vehicles to enhance automotive safety along with technological advancements in automobile industry is crucial for the industrial expansion. Moreover, the automotive companies are integrating advanced electronic components for improving the braking efficiency in the U.S. and Canada is driving the industry in a positive way.

Competitive Landscape

The dual circuit brake system market is a highly fragmented industry with the presence of several dominating players. Some of the crucial players in this industry consists of Chr. Mayr GmbH + Co. KG, Rydahls, Robert Bosch GmBH., Rudolf Fuka GmbH, Knorr Bremse, Carlisle, and some others. These companies are constantly engaged in developing dual circuit braking systems and adopting numerous strategies to maintain their dominant position in this industry.

• According to the annual report of Knorr Bremse, the revenue of the company in 2022 was 7149.70 million euros that increased to 7925.60 million euros in 2023.

Market Segmentations

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

By Technology 

• Hydraulic Dual Circuit Brakes System
• Electronic Dual Circuit Brakes System 

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa