NEW YORK, Feb. 6, 2023 /PRNewswire/ — Germany’s auto parts and equipment industry has the highest productivity for engineering and technical personnel in the European Region. Demand will continue to grow in Germany in the future as current market developments demonstrate a significant increase in demand for technology-based advanced auto parts and types of equipment. Germany boasts unparalleled world-leading manufacturers and suppliers of auto parts and equipment, electrical and electronic materials, components, and equipment across the value chain. These range from microelectronic components to electrical household appliances, automation systems, electronic medical equipment, and automotive electronics. To know more, buy the report!
Technavio has announced its latest market research report titled Global Automotive Brake Wear Sensors Market 2023-2027
The COVID-19 outbreak had a severely negative effect on the global automotive components and accessories market’s growth in 2020. Additionally, trade operations were negatively impacted in the first half of 2020 as a result of the rigorous social distance and travel limitations that were put into place. This impacted the expansion of the market for automotive components globally. Worldwide, non-essential goods and services, as well as vehicle parts and accessories, saw a fall in sales. However, vehicle parts and accessories sales soared in 2021 due to the relaxation of the ban on trade and the removal of lockdowns. This is anticipated to result in a rise in demand for automotive parts and accessories throughout the forecast period, which would favorably affect the market expansion of the global automotive components and accessories market. For more insights, Request a PDF Sample!
Germany is one of the top key country contributors to the automotive brake wear sensors market. The global automotive brake wear sensors market is segmented by application (passenger cars and commercial vehicles), product (electronic brake wear sensors and disc brake wear sensors), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The automotive brake wear sensors market is estimated to grow at a CAGR of 6.04% between 2022 and 2027. The size of the market is forecast to increase by USD 1,091.42 million.
The major vendors for the global automotive brake wear sensors market report include Akebono Brake Industry Co. Ltd., Beck Arnley Holdings LLC, BorgWarner Inc., Brembo SpA, CARiD.com, Carlisle Companies Inc., Continental AG, DENSO Corp., FMP Group (Australia) Pty Ltd., General Motors Co, Herth Buss Fahrzeugteile GmbH and Co. KG, Holstein Automotive Group, Mitsubishi Electric Corp., Otto Zimmermann Maschinen und Apparatebau GmbH, PEX German O.E. Parts LLC, Robert Bosch GmbH, SADECA SYSTEMS SLU, Sensata Technologies Inc, Standard Motor Products Inc., and Shandong Frontech Auto Parts Co. Ltd.
The increased end-user concern for vehicle security is notably driving the market growth, although factors such as improper tuning of sensors may impede the market growth.
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Automotive Brake Wear Sensors Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist automotive brake wear sensors market growth during the next five years
Estimation of the automotive brake wear sensors market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive brake wear sensors market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive brake wear sensors market vendors
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Automotive Brake Wear Sensors Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.04% |
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Market growth 2023-2027 |
$ 1091.42 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.57 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 34% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Akebono Brake Industry Co. Ltd., Beck Arnley Holdings LLC, BorgWarner Inc., Brembo SpA, CARiD.com, Carlisle Companies Inc., Continental AG, DENSO Corp., FMP Group (Australia) Pty Ltd., General Motors Co, Herth Buss Fahrzeugteile GmbH and Co. KG, Holstein Automotive Group, Mitsubishi Electric Corp., Otto Zimmermann Maschinen und Apparatebau GmbH, PEX German O.E. Parts LLC, Robert Bosch GmbH, SADECA SYSTEMS SLU, Sensata Technologies Inc, Standard Motor Products Inc., and Shandong Frontech Auto Parts Co. Ltd |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global automotive brake wear sensors market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global automotive brake wear sensors market 2017 – 2021 ($ million)
4.2 Application Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)
4.3 Product Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application – Market share 2022-2027 (%)
Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Passenger cars – Market size and forecast 2022-2027
Exhibit 34: Chart on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)
6.4 Commercial vehicles – Market size and forecast 2022-2027
Exhibit 38: Chart on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial vehicles – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
7 Market Segmentation by Product
7.1 Market segments
Exhibit 43: Chart on Product – Market share 2022-2027 (%)
Exhibit 44: Data Table on Product – Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 45: Chart on Comparison by Product
Exhibit 46: Data Table on Comparison by Product
7.3 Electronic brake wear sensors – Market size and forecast 2022-2027
Exhibit 47: Chart on Electronic brake wear sensors – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Electronic brake wear sensors – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Electronic brake wear sensors – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Electronic brake wear sensors – Year-over-year growth 2022-2027 (%)
7.4 Disc brake wear sensors – Market size and forecast 2022-2027
Exhibit 51: Chart on Disc brake wear sensors – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Disc brake wear sensors – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Disc brake wear sensors – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Disc brake wear sensors – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Product
Exhibit 55: Market opportunity by Product ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 North America – Market size and forecast 2022-2027
Exhibit 61: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 APAC – Market size and forecast 2022-2027
Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 73: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 81: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 Germany – Market size and forecast 2022-2027
Exhibit 85: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.10 China – Market size and forecast 2022-2027
Exhibit 89: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)
9.11 UK – Market size and forecast 2022-2027
Exhibit 93: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.12 Japan – Market size and forecast 2022-2027
Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 Akebono Brake Industry Co. Ltd.
Exhibit 108: Akebono Brake Industry Co. Ltd. – Overview
Exhibit 109: Akebono Brake Industry Co. Ltd. – Business segments
Exhibit 110: Akebono Brake Industry Co. Ltd. – Key offerings
Exhibit 111: Akebono Brake Industry Co. Ltd. – Segment focus
12.4 BorgWarner Inc.
Exhibit 112: BorgWarner Inc. – Overview
Exhibit 113: BorgWarner Inc. – Business segments
Exhibit 114: BorgWarner Inc. – Key news
Exhibit 115: BorgWarner Inc. – Key offerings
Exhibit 116: BorgWarner Inc. – Segment focus
12.5 Brembo SpA
Exhibit 117: Brembo SpA – Overview
Exhibit 118: Brembo SpA – Business segments
Exhibit 119: Brembo SpA – Key news
Exhibit 120: Brembo SpA – Key offerings
Exhibit 121: Brembo SpA – Segment focus
12.6 CARiD.com
Exhibit 122: CARiD.com – Overview
Exhibit 123: CARiD.com – Product / Service
Exhibit 124: CARiD.com – Key offerings
12.7 Carlisle Companies Inc.
Exhibit 125: Carlisle Companies Inc. – Overview
Exhibit 126: Carlisle Companies Inc. – Business segments
Exhibit 127: Carlisle Companies Inc. – Key offerings
Exhibit 128: Carlisle Companies Inc. – Segment focus
12.8 Continental AG
Exhibit 129: Continental AG – Overview
Exhibit 130: Continental AG – Business segments
Exhibit 131: Continental AG – Key offerings
Exhibit 132: Continental AG – Segment focus
12.9 DENSO Corp.
Exhibit 133: DENSO Corp. – Overview
Exhibit 134: DENSO Corp. – Business segments
Exhibit 135: DENSO Corp. – Key news
Exhibit 136: DENSO Corp. – Key offerings
Exhibit 137: DENSO Corp. – Segment focus
12.10 General Motors Co
Exhibit 138: General Motors Co – Overview
Exhibit 139: General Motors Co – Business segments
Exhibit 140: General Motors Co – Key news
Exhibit 141: General Motors Co – Key offerings
Exhibit 142: General Motors Co – Segment focus
12.11 Holstein Automotive Group
Exhibit 143: Holstein Automotive Group – Overview
Exhibit 144: Holstein Automotive Group – Product / Service
Exhibit 145: Holstein Automotive Group – Key offerings
12.12 Mitsubishi Electric Corp.
Exhibit 146: Mitsubishi Electric Corp. – Overview
Exhibit 147: Mitsubishi Electric Corp. – Business segments
Exhibit 148: Mitsubishi Electric Corp. – Key news
Exhibit 149: Mitsubishi Electric Corp. – Key offerings
Exhibit 150: Mitsubishi Electric Corp. – Segment focus
12.13 Otto Zimmermann Maschinen und Apparatebau GmbH
Exhibit 151: Otto Zimmermann Maschinen und Apparatebau GmbH – Overview
Exhibit 152: Otto Zimmermann Maschinen und Apparatebau GmbH – Product / Service
Exhibit 153: Otto Zimmermann Maschinen und Apparatebau GmbH – Key offerings
12.14 Robert Bosch GmbH
Exhibit 154: Robert Bosch GmbH – Overview
Exhibit 155: Robert Bosch GmbH – Business segments
Exhibit 156: Robert Bosch GmbH – Key news
Exhibit 157: Robert Bosch GmbH – Key offerings
Exhibit 158: Robert Bosch GmbH – Segment focus
12.15 Sensata Technologies Inc
Exhibit 159: Sensata Technologies Inc – Overview
Exhibit 160: Sensata Technologies Inc – Business segments
Exhibit 161: Sensata Technologies Inc – Key news
Exhibit 162: Sensata Technologies Inc – Key offerings
Exhibit 163: Sensata Technologies Inc – Segment focus
12.16 Shandong Frontech Auto Parts Co. Ltd
Exhibit 164: Shandong Frontech Auto Parts Co. Ltd – Overview
Exhibit 165: Shandong Frontech Auto Parts Co. Ltd – Product / Service
Exhibit 166: Shandong Frontech Auto Parts Co. Ltd – Key offerings
12.17 Standard Motor Products Inc.
Exhibit 167: Standard Motor Products Inc. – Overview
Exhibit 168: Standard Motor Products Inc. – Product / Service
Exhibit 169: Standard Motor Products Inc. – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 170: Inclusions checklist
Exhibit 171: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 172: Currency conversion rates for US$
13.4 Research methodology
Exhibit 173: Research methodology
Exhibit 174: Validation techniques employed for market sizing
Exhibit 175: Information sources
13.5 List of abbreviations
Exhibit 176: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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