Electronic Braking Systems (EBS) Market Size, Share, Growth, and Industry Analysis, By Type (Disc EBS, Drum EBS), By Application (Truck, Trailer and Others), Regional Insights, and Forecast To 2031

Updated On: 29 April 2024

Electronic Braking Systems (EBS) Market Report Overview

• 

• Request a Free Sample to learn more about this report

global electronic braking systems (ebs) market size was USD 12019.33 million in 2021 and market is projected to touch 21242.93 Million by 2031, exhibiting a CAGR of 5.86% during the forecast period.

An electronic braking system (EBS) is an automobile brake technology that automatically adjusts the amount of force applied to each of a vehicle's brakes in response to factors such as speed, load, and road conditions. EBS can apply more or less braking pressure to each wheel, always in conjunction with anti-lock braking systems, to maximize stopping power while maintaining vehicle control. Since the front end typically carries the most weight, EBS distributes less braking force to the rear brakes to prevent locking up and skidding.

Increasing number of accidents, rapid urbanization and advancements in technology, increasing demand for braking systems, innovative product launches by manufacturers and increase in transportation due to expansion of commercial automobile industry are the factors responsible for the growth of market.

COVID-19 Impact: Pandemic Lowered the Market Demand

The Covid-19 pandemic caused supply chain disruptions around the world. Manufacturing companies halted all operations and many are closed pending orders until government agencies to reopen. The pandemic had negative impact on the automotive electronic braking system industry worldwide. The global outbreak of the pandemic reduced demand for electronic braking systems due to the closure or operation of some production facilities and a slowdown in raw material supplies due to lockdown restrictions. Manufacturers see reduced demand from the automotive sector fell in the market. However, demand is likely to increase as governments work on plans to return to normal. Therefore, within a few years, the market is expected to reach growth levels similar to pre-pandemic estimates.

Latest Trends

"Expansion of Commercial Automobile Sector to Fuel Market Expansion"

Growth in the commercial automobile sector in modern economies is anticipated to propel the market demand during the forecast period. Continental developed intelligent solutions for automated driving in June 2022 which will be used in the automotive industry. Haldex and KRONE Commercial Vehicle Group, a leading trailer manufacturer, signed a long-term agreement in March 2022 to supply trailers with the fourth generation electronic brake system (EBS) platform. Development of new and innovative ideas by major market players target new customers and increasing demand for vehicles is expected to increase the sales of Electronic Braking Systems (EBS) during the forecast period.

Electronic Braking Systems (EBS) Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into disc EBS and drum EBS.

• By Application Analysis

Based on application, the market can be divided into truck, trailer and others.

Driving Factors

"Increasing Number of Road Accidents to Stimulate Market Demand"

EBS market is expected to witness rising trend due to rising awareness regarding the importance of driver and passenger safety, as a result of more number of accidents happening all over the world. The majority of manufacturers are now focusing on incorporating electronic brake systems into their automobiles to increase passenger and vehicle safety. This is anticipated to boost the Electronic Braking Systems (EBS) market growth.

"Government Regulations to Boost Market Growth"

In order to prevent car accidents on the road, various governments have mandated the installation of safety equipment. In addition, the major players in the market are spending huge amount of money on research and development to improve passenger safety. Market expansion is anticipated to be fueled by government-imposed safety regulations and a variety of new products from major players.

Restraining Factors

"Increasing Maintenance Cost to Restrict Market Expansion"

Electronic brake systems typically cost more than conventional ones because of high cost of its components. In the production of electronic brake systems for automobiles, the components and technology play a crucial role. The most expensive parts of the automotive electronic brake system is made up of things such as sensors, actuators, control units, and others. Additionally, the automotive electronic brake system's performance is directly impacted by the quality of its components. All these factors are anticipated to hinder the Electronic Braking Systems (EBS) market growth during forecast period.

Electronic Braking Systems (EBS) Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"Increasing Production in Asia-Pacific Anticipated to Expand Market Size"

Asia-Pacific holds the leading position in Electronic Braking Systems (EBS) market share due to rising demand, increased production, and various development strategies implemented by major players. The expanding production of commercial automobiles, advancements in technology, and ground-breaking concepts from key players are anticipated to be the primary factors that will drive industry expansion.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio.

The top key players in the market are Boston Gear, Placid Industries, Inc., Warner Electric Inc., Magnetic Technologies Ltd., Electroid Company, Ogura Industrial Corp and others .Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market growth.

List of Market Players Profiled

• Boston Gear (U.S.)
• Placid Industries, Inc. (U.S.)
• Warner Electric, Inc. (U.S.)
• Magnetic Technologies Ltd. (U.S.)
• Electroid Company (U.S.)
• Ogura Industrial Corp. (U.S.)
• Inertia Dynamics LLC (US)
• Lenze SE (Germany)
• Formsprag Clutch, Inc. (U.S.)
• KEB America, Inc. (U.S.)
• Andantex USA, Inc. (U.S.)
• GKN Stromag AG (Germany)

Report Coverage

This report examines an understanding of the Electronic Braking Systems (EBS) market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.