Canada Automotive Breaking Market Research Report, 2029

Canada's vehicle braking system has changed significantly throughout the years due to a variety of factors including consumer preferences, legal regulations, and technological improvements. Drum brakes were the main type of brake used on cars in Canada at beginning. They offered simple stopping force but were less reliable in rough terrain. However, braking performance significantly improved with the development of disc brakes, which led to their widespread use in both passenger automobiles and commercial vehicles. Regulatory organisations like Transport Canada, which required the installation of safety features like electronic stability control (ESC) and anti-lock braking systems (ABS) to improve vehicle stability and control, particularly in Canada's harsh weather conditions, further accelerated this change. Canada's car braking systems have evolved as a result of the increased focus on environmental issues and vehicle safety in recent years. To reduce the likelihood of accidents and increase overall safety on Canadian roads, automatic emergency braking (AEB), collision avoidance systems, and adaptive cruise control are being progressively integrated into automobiles. The development of regenerative braking systems, which capture and store kinetic energy during deceleration to improve energy efficiency as well as lower environmental effect, are another result of the popularity of electric and hybrid vehicles. Also, improvements in materials science and engineering have resulted in the development of stronger and lighter brake components, improving longevity and performance. According to the research report "Canada Automotive Breaking System Market Research Report, 2029," published by Actual Market Research, the Canada Automotive Breaking System Market is expected to grow at 5.26% CAGR from 2024 to 2029. Disc brakes are the most popular type of braking system in Canada, valued for their exceptional functionality, dependability, and safety aspects. For most automobiles on Canadian roadways, disc brakes are the favoured option due to their numerous advantages over drum brakes. Their broad use is facilitated by their capacity to deliver reliable and effective braking, especially in emergency scenarios or bad weather. There is also better heat dissipation provided by disc brakes lowers the possibility of brake fade during extended or forceful braking—a critical safety feature given Canada's varied climate and rugged terrain. Additionally, disc brakes are less likely to accumulate water and debris, which increases their effectiveness in muddy or wet conditions—which are common in rural regions and during the spring thaw. Furthermore, disc brakes are standard on most newer cars sold in Canada; this is a reflection of the fact that disc brakes are the industry standard for braking systems. There is a trend towards the broad use of disc brakes across all vehicle types, including passenger cars, SUVs, trucks, and commercial vehicles, even though certain entry-level or older vehicles may still have drum brakes. The passenger automobile category is the most popular and is growing at a rapid pace in Canada. In Canada, the automotive industry is dominated by passenger vehicles, but two-wheel vehicles (motorcycles and scooters) and commercial vehicles (trucks, vans, and buses) also hold significant market share. There are several reasons why passenger cars are so popular in Canada. Firstly a wide range of consumer preferences and lifestyles are catered to by passenger vehicles, which include cars, SUVs, and light trucks. Passenger cars are the favoured option for personal transportation in Canada because of their comfort, ease, and usefulness. Since most Canadians live in cities, passenger cars are ideal for negotiating city streets and making daily commutes to work or school. Urbanites searching for affordable and useful transportation options are especially fond of fuel-efficient hybrids and compact automobiles. Also families frequently choose passenger cars for transportation because of its roomy interiors, numerous safety features, and adaptability. Canadian families who want plenty of passenger seats, substantial baggage room, and cutting-edge safety technologies for their daily transportation needs are particularly drawn to SUVs and minivans. When it comes to comfort and convenience, passenger automobiles surpass that of two-wheelers and commercial vehicles. Advanced driver-assistance systems (ADAS), infotainment systems, climate control, and upscale amenities are features that draw in Canadian buyers seeking a pleasurable and pleasant driving experience. Automotive braking systems are distributed over a variety of channels in Canada, serving different automotive industry stakeholders. Original Equipment Manufacturers (OEMs) procure braking components from specialised suppliers and incorporate them into newly manufactured vehicles, thereby fulfilling a noteworthy function in the distribution chain. In order to guarantee the prompt delivery of high-quality brake systems, these OEM suppliers frequently maintain long-standing relationships with significant automakers and uphold stringent quality requirements. A further significant route of distribution for automotive braking systems in Canada is the aftermarket industry, which offers upgraded and replacement parts for cars that are already on the road. Automotive parts and accessory retailers like Canadian Tyre, NAPA Auto Parts, and Part Source provide both DIY enthusiasts and master mechanics with an extensive selection of braking solutions. The creation and implementation of cutting-edge braking systems to improve vehicle performance and safety is a significant opportunity. Demand for braking systems with features like anti-lock braking systems (ABS), electronic stability control (ESC), automatic emergency braking (AEB), and collision avoidance systems is rising as Canadian consumers place a higher priority on safety features when making car purchases. The trend towards electric and hybrid vehicles offers chances for braking systems to advance to meet the special needs of these automobiles. With increased energy efficiency and range, regenerative braking systems—which gather and store kinetic energy during deceleration—are finding their way into more electric and hybrid cars. Furthermore, there are a lot of prospects for expansion and innovation in Canada's automotive brake systems aftermarket industry. Aftermarket brake upgrades and parts that improve performance, longevity, and aesthetics are in high demand due to the country's thriving DIY culture and extensive network of vehicle repair and service facilities. Working together, government agencies, academic institutions, and members of the industry can promote creativity and advance the creation of innovative brake technology. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Aspects 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 recommendation By Type • Disk Brake • Drums Brake • Others By Vehicle Type • Two wheelers • Passenger Vehicles • Commercial Vehicles

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Kripa Shah

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By Sales channel • OEM • After Market The 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 audience This 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.

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