India Automotive Breaking Market Research Report, 2029

India's automotive sector dates back to its early days, which is when the country's braking systems first evolved. Drivers of early cars and vehicles with steel rims applied brakes with wooden blocks and levers, which were among the most basic forms of braking equipment available. The wooden block brakes were rendered obsolete when rubber tyres were introduced in the late 1890s. This resulted in the adoption of Gottlieb Daimler's original design of cable-wrapped drum brakes that were fixed to the car's chassis by Wilhelm May Bach in a Mercedes in 1901. But these early drum brakes had drawbacks of their own which has drawbacks, including issues with cable unwrapping, slipping, and jamming. Between the year 1902 to 1920’s there are several innovations done in brakes and India implemented also, the innovations were drum brakes, hydraulic controls, anti-lock braking system (ABS). However, today, the Indian automotive braking system market is dominated by disc brakes, which offer superior performance, heat dissipation, and integration with advanced safety technologies like electronic stability control and emergency braking systems. The industry is also witnessing the adoption of regenerative braking in electric and hybrid vehicles. According to the research report "India Automotive Breaking System Market Research Report, 2029," published by Actual Market Research, the India Automotive Breaking System Market is forecasted to grow up to 0.96% CAGR from 2024 to 2029. Indian Automotive Braking System Market is segmented into brake type, vehicle type and distribution. In terms of Brake, Disc brakes are the fastest growing brake segment globally with respect to volume and value. Disc brakes are superior to drum brakes in terms of stopping power, so in absolute terms, I would say that disc brakes are superior to drum brakes. Disc brakes are known to dissipate heat more effectively than drum brakes, reduce brake fade, offer better performance on descending slopes and, most importantly, have better stopping power than drum brakes. But there are certain drawbacks of the same, disc brakes are hydraulically driven by brake fluid, they are more costly and require maintenance. Also, a drum brake would be more than sufficient if the scooter's power and top speeds are not particularly high. Typically, high-performance bikes with fast top speeds come equipped with disc brakes. The majority of scooters are utilised in metropolitan areas for family commutes with luggage, etc., though there may be outliers. They lack great power. As with the advancement of technology anti-lock braking system (ABS) is going to be the fastest growing braking technology used in vehicles in India as government of India is determined to implement the regulation regarding this technology. Two-wheelers are the most popular vehicle type in India, both in terms of sales and usage. Due to their large population and variety of transportation requirements, two-wheelers are now essential for millions of Indians, providing them with reasonably priced, practical and effective means of personal mobility. Due to their fuel efficiency, agility, and versatility—which make them perfect for negotiating both tiny country roads and crowded city streets—motorcycles and scooters are especially well-liked. Although two-wheelers are the most common type of vehicle in India, passenger vehicles are still very important, particularly for middle-class urban families and professionals. Passenger automobile demand has been expanding consistently due to a number of causes, including changing customer preferences for comfort and convenience, improving road infrastructure, and increased disposable incomes. On the contrary, industrial vehicles—such as trucks, buses, and vans—help India's economy tremendously by making it easier to move people and products over long distances. In order to support economic growth and development, commercial vehicles are necessary for a number of industries, including construction, agriculture, logistics, and public transportation. The vast and diverse sales and distribution networks for vehicle braking systems in India are a reflection of the intricate nature of the nation's automotive sector. Aftermarket shops, which include a broad range of establishments from specialty auto parts stores to ordinary retailers selling braking components to customers, are important players in these channels. A wide range of braking solutions from various manufacturers, providing consumers with options to suit their demands and budgets. Due in part to the large number of vehicles in the nation—many of which are older and in need of regular maintenance and replacement parts—aftermarket retailers are well-known in India's automotive braking system market. Brake shoes, discs, pads, and other braking components are therefore always in demand. But on the other hand, OEMs and e-commerce sites are not the main distribution channels for automobile braking systems for a number of reasons. First off, during the production of new cars, OEMs mostly supply the braking systems. This limits the availability of braking components to car owners who might eventually need upgrades or replacements, even if it guarantees quality and compatibility. On the other hand, braking systems and other automobile components are easily accessible and convenient to buy through online stores. However, conventional physical stores and garages lead the automotive aftermarket in India. These businesses offer services like installation, which might not be as easily accessible through e-commerce platforms, and they have built relationships with customers. In addition, India's automotive aftermarket is extremely fragmented with a large number of regional merchants and wholesalers serving various market segments and geographical areas. It is difficult for online retailers to build a strong presence and successfully compete with established players in the aftermarket due to its decentralised nature. Furthermore, trust and dependability are important aspects in the automobile aftermarket; since customers frequently choose to buy braking components from companies they know or have been referred to by reliable sources. The market for braking systems through e-commerce platforms may be further constrained by this need for in-person communication and assurance.

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Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 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

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Praveen Kumar

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By Vehicle Type • Two wheelers • Passenger Vehicles • Commercial Vehicles 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.

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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.