Asia Pacific Automotive Brake Market Leads $86.37 Bn by 2034

Asia Pacific Automotive Brake Market Research, Trends and Forecast

According to market projections, the global Asia Pacific automotive brake market, valued at USD 50.42 billion in 2024, is anticipated to reach USD 86.37 billion by 2034, growing at a CAGR of 5.53% over the next decade. China leads the Asia Pacific automotive brake market due to rising investments in automotive components. India is set for strong growth with its many automotive companies, while Japan benefits from increasing EV sales. South Korea holds a solid share, driven by ADAS adoption in brands like Hyundai, Kia, and KG Mobility.

Last Updated: 04 April 2025 Category: Automotive Components Insight Code: 1692 Format: PDF / PPT / Excel

Senior Research Analyst

Dr. Arjun Patel

Reviewed By

Aditi Shivarkar

The Asia Pacific automotive brake market is expected to increase from USD 53.21 billion in 2025 to USD 86.37 billion by 2034, growing at a CAGR of 5.53% throughout the forecast period from 2025 to 2034.

Asia Pacific Automotive Brake Market Size 2023 - 2034

Introduction

The Asia Pacific automotive brake market is a crucial branch of the automotive component industry. This industry deals in manufacturing and distribution of automotive brakes across the APAC region. There are different types of brakes developed in this sector comprising of disc brakes and drum brakes. These brakes are integrated with various technologies consisting of anti-lock brake system (ABS), traction control system (TCS), electronic stability control (ESC), electronic brake-force distribution (EBD) and some others. It is designed for numerous types of vehicles including passenger cars and commercial vehicles. The growing sales of electric vehicles in China has driven the market expansion. This market is predicted to grow significantly with the rise of the automotive sector in this region.

China BEV Sales in Million Units (2019-23)

  • According to the International Energy Agency, around 2.6 million BEVs were sold in China during 2019 that increased to 16.1 million units in 2023.

Highlights of the Asia Pacific Automotive Brake Market

  • China held the largest share of the Asia Pacific automotive brake market due to the rising investment in automotive components industry.
  • India is expected to grow with a significant CAGR due to the presence of several automotive companies in this country.
  • Japan is projected to rise with a notable growth rate due to the growing sales of EVs in this country.
  • South Korea held a considerable share of the market due to the rapid adoption of ADAS in vehicles manufactured by automotive companies such as Hyundai, Kia, KG Mobility and some others.

Key Metrics and Overview

Metric Details
Market Size in 2024 USD 50.42 Billion
Projected Market Size in 2034 USD 86.37 Billion
CAGR (2025 - 2034) 5.53%
Leading Country China
Market Segmentation By Type, By Vehicle Type, By Technology and By Region
Top Key Players Nisshinbo Holdings, Nissin Kogyo, Akebono Brake Industry, Hitachi Astemo, Mando Corporation

Asia Pacific Automotive Brake: Stats & Figures

  • According to the India Brand Equity Foundation, the Indian OEM component sales in 2023 generated a revenue of around US$ 59.3 billion in 2023.
  • According to the International Organization of Motor Vehicle Manufacturers, around 5851507 vehicles were sold in India during 2023.
  • According to the International Energy Agency, around 4.9 million plug-in hybrid vehicles were sold in China during 2024.
  • According to the CEIC, around 132,909 vehicles were sold in South Korea during February 2025.

Industry Leader Announcement

In March 2023, Sujit S Nayak, the vice-president of Friction and Aftermarket Business at Brakes India made an announcement stating that, “We are unveiling Platinum brake pads with advanced friction technology and expanding our range to cater to the premium segment. In the first phase, it is introduced for select luxury car models and the range will be expanded in the coming months.”

Country Level Insights

China leads the market in this region. The growing demand for advanced braking systems among the people along with increasing sales of EVs has boosted the market growth in China. India is expected to grow with a significant growth rate due to the presence of various automotive component manufacturers in this country. Japan and South Korea also held notable share of the industry due to the rising demand for passenger vehicles.

Competitive Landscape

Asia Pacific Automotive Brake Market Companies

The Asia Pacific automotive brake market is a highly fragmented industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Nisshinbo Holdings, Nissin Kogyo, Akebono Brake Industry, Hitachi Astemo, Mando Corporation, and Sundaram Brake Linings Limited and some others. These companies are constantly engaged in developing brakes for the automotive sector and adopting numerous strategies to maintain their dominance in this industry.

Nidec Corporation in Million Yen (2023-24)

  • According to the annual report of Nidec Corporation, the revenue of the company in 2023 was 2230027 million yen that increased to 2347159 million yen in 2024.

Asia Pacific Automotive Brake Market Segmentations

By Type

  • Disc Brakes
  • Drum Brakes

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Technology

  • Anti-Lock Brake System (ABS)
  • Traction Control System (TCS)
  • Electronic Stability Control (ESC)
  • Electronic Brake-Force Distribution (EBD)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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About The Author

Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.

FAQ's

The Asia Pacific automotive brake market was valued at USD 53.21 billion in 2025.

China dominated this industry.

The integration of ADAS in vehicles along with increased emphasis on enhancing vehicle safety has boosted the market growth.

Some of the prominent players of this industry consists of Akebono Brake Industry, Nisshinbo Holdings, Nissin Kogyo and some others.

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