USD 655.0 billion
Automotive Brake Fluid Market Size, Share, Growth Analysis, By Fluid Type (Petroleum, Non-Petroleum), By Product (Dot 3 Glycol, Dot 4 Glycol), By Vehicle (Passenger Car, Commercial Vehicle), By Market, By Region - Industry Forecast 2025-2032
Report ID:
SQSG25A2006 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
63
|Figures:
75
Automotive Brake Fluid Market Insights
Automotive Brake Fluid Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 1014.59 Billion by 2032, growing at a CAGR of 2% during the forecast period (2025-2032).
Brake fluid oil is in high demand due to the increasing popularity of automobiles. The main use for brake fluid oil is as a hydraulic fluid in brakes. It is also used in other automotive applications where hydraulic fluids are required. The benefits of using brake fluid oil are that it provides good lubrication, it is non-corrosive, and it has a high boiling point. These properties make it ideal for use in brakes, where high temperatures and extreme pressure can be encountered. Additionally, brake fluid oil is typically clear or light yellow in color, making it easy to identify leaks.
There are a few different types of brake fluid oils on the automotive brake fluid market, with each having its own advantages and disadvantages. The most common type of brake fluid oil is glycol-based, which offers good performance but can cause corrosion if leaked onto painted surfaces. The other type of brake fluid is silicone-based. Silicone-based fluids are not as effective at high temperatures as glycol-based fluids, but they are more resistant to moisture absorption. This makes them ideal for use in cold weather conditions or in areas with high humidity levels.
US Automotive Brake Fluid Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Commercial Vehicle
Fastest Growth
Commercial Vehicle
Growth Rate
4.1% CAGR
Global Automotive Brake Fluid Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
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Automotive Brake Fluid Market Segmental Analysis
Global Automotive Brake Fluid Market is segmented by fluid type, product, vehicle, market and region. Based on fluid type, the market is segmented into petroleum and non-petroleum. Based on product, the market is segmented into dot 3 glycol, dot 4 glycol, dot 5 silicon and dot 5.1 glycol. Based on vehicle, the market is segmented into passenger car, commercial vehicle and off road vehicle. Based on market, the market is segmented into OEM and aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Automotive Brake Fluid Market Analysis by Type
DOT 3 or glycol-based oil is dominating the global automotive brake fluid market as it is less likely to absorb moisture than other types of brake fluid. This means that it won't corrode your brake system components as quickly. Second, glycol-based brake fluid has a higher boiling point than other types of brake fluid. This means that it can withstand higher temperatures without breaking down. Finally, glycol-based brake fluid is less likely to cause fading or squealing when brakes get hot.
Automotive Brake Fluid Market Analysis by Vehicle Type
By Vehicle Type, the commercial vehicles are dominating the global automotive brake fluid market. In fact, the segment is holding over 80% of market share. Commercial vehicles are typically larger and heavier than passenger cars, so they require more brake fluid to operate properly. The amount of fluid required depends on many factors, including the size and weight of the vehicle, how much braking is required, and how hot the brakes get during operation. Heavy-duty trucks can go through several gallons of fluid per day, while a passenger car may only use a few ounces.
In the global automotive brake fluid market, brake fluid is generally made from glycol ethers or polyethylene glycols. These fluids have good thermal stability and don't break down easily under high temperatures. This makes them ideal for use in commercial vehicle brakes because they can withstand repeated cycling without deteriorating.
Global Automotive Brake Fluid Market By Auto Components, 2021 (%)
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Automotive Brake Fluid Market Regional Insights
The Asia Pacific automotive brake fluid market is anticipated to grow at a CAGR of 5% over the forecast period of 2022-2028. The region is expected to dominate the global market owing to the presence of major players in the region and rise in vehicle production. Moreover, countries such as China and India are witnessing rapid urbanization and economic development, which is further fuelling the growth of the automotive industry in the region.
Moreover, the presence of major manufacturers in the region is another key factor driving market growth. For instance, Nisshinbo Holdings Inc., JTEKT Corporation, and Aisin Seiki Co., Ltd., are some of the leading players operating in this region.
The growing demand for vehicles equipped with advanced safety features is another important factor propelling automotive brake fluid market growth in the Asia Pacific region. The government regulations regarding vehicle safety standards are also playing a vital role in boosting market growth. For instance, according to UN Regulations No. 13-H on Braking Systems for Passenger Cars & Light Trucks (UNECE Regulation 13), all newly manufactured vehicles must be equipped with an anti-lock braking system (ABS).
Global Automotive Brake Fluid Market By Geography, 2022-2028
- Largest
- Fastest
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Automotive Brake Fluid Market Dynamics
Automotive Brake Fluid Market Driver
- Population growth and urbanization: As the world's population continues to grow and more people move into cities, the demand for vehicles will grow, so does the automotive brake fluid market.
- Economic development: As countries develop economically, their residents have more disposable income and purchase more vehicles
- Car ownership: The number of cars on the road is another key factor driving brake fluid demand. More cars mean more need for brake fluid!
- Safety concerns: As safety becomes increasingly important to consumers, car manufacturers are incorporating ever-more complex braking systems into their vehicles which require larger quantities of brake fluid.
- Stringent emissions regulations: In order to meet stricter emissions standards, carmakers are using regenerative braking systems which recycle brake fluid back into the system. This, in turn, is driving growth of automotive brake fluid market
- Electric vehicles: The rise of electric vehicles is also playing a role in boosting brake fluid demand as these types of cars typically have stronger regenerative braking systems than traditional petrol or diesel cars.
Automotive Brake Fluid Market Restraint
- Economic conditions: Currently, the global automotive brake fluid market is struggling with rapidly growing effect of rising inflation with weak economy. This, in turn, resulted in fewer people buying or leasing new vehicles, and instead opting to keep their current vehicle longer. This can lead to a reduction in demand for all automotive products, including brake fluid.
- Changes in driving habits: With the rising fuel prices, more consumers in developing nations are moving towards economical option such as public transport than their cars. As a result, it will leave a negative impact on the overall consumption of automotive brake fluid market.
- Technology advancements: Latest improvements in braking technology have made brake fluid less necessary or effective, this could lead to a decrease in demand as well.
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Automotive Brake Fluid Market Competitive Landscape
The automotive brake fluid market is a highly competitive and rapidly changing market. In order to sustain in this industry, companies are constantly innovating and adapting to the ever-changing landscape. Some of the ways that companies are sustaining in the global automotive braking fluid industry include:
One of the ways in which companies are sustaining in the global automotive brake fluid market is by investing in research and development (R&D). This allows them to develop new and innovative products that offer improved performance or other advantages over existing products on the market. R&D is also important for keeping up with changing technologies and regulations.
Another way in which companies are sustaining in the global automotive brake fluid market is by building strong relationships with suppliers. This helps them secure supplies of raw materials at competitive prices, which can improve their margins. Strong supplier relationships can also help companies ensure reliable deliveries of finished products, preventing disruptions to their operations.
Finally, effective management of costs is critical for sustaining in the global automotive braking fluid industry. Companies need to control their expenses carefully in order to maintain profitability during periods of slow sales or intense competition.
Automotive Brake Fluid Market Top Player's Company Profiles
- Robert Bosch GmbH (Germany)
- Castrol Limited (UK)
- Exxon Mobil Corporation (USA)
- Fuchs Petrolub SE (Germany)
- China Petrochemical Corporation (Sinopec) (China)
- TotalEnergies SE (France)
- BP p.l.c. (UK)
- Royal Dutch Shell plc (Netherlands)
- PetroChina Company Limited (China)
- BASF SE (Germany)
- MOTUL (France)
- Valvoline Inc. (USA)
- Liqui Moly GmbH (Germany)
- Ravenol GmbH (Germany)
- Petro-Canada Lubricants (Canada)
- Idemitsu Kosan Co., Ltd. (Japan)
- Amsoil Inc. (USA)
- Lucas Oil Products, Inc. (USA)
Automotive Brake Fluid Market Recent Developments
- In July 2022, DexKo announced to acquire Fluid-Press Group
- In July 2021, PLZ Aeroscience Acquires Lubricants Supplier Champion Brands
Automotive Brake Fluid Key Market Trends
- Increased focus on performance – As vehicles become more powerful and capable, there is an increased demand for fluids that can handle the added stress and provide optimal performance. This has led to the development of new formulations that can withstand higher temperatures and pressures, delivering improved braking feel and response. As a result, the trending adding more fuel to the growth of automotive brake fluid market.
- More environmentally friendly options – With stricter emissions regulations being put in place, manufacturers are looking for ways to reduce the environmental impact of their products. This has resulted in the development of brake fluids made from renewable resources or with reduced volatile organic compound (VOC) content.
- Improved compatibility – One of the challenges with automotive brake fluid market is ensuring compatibility between different components in the system (e.g., calipers, pads, discs). To address this, manufacturers are working on developing fluids that are compatible with a wider range of materials, making it easier to find compatible parts and reducing installation costs.
- Enhanced durability – Another area of focus is improving the durability of brake fluid formulas so they can better stand up to extended use and exposure to harsh conditions (e.g., high temperatures, moisture).
Automotive Brake Fluid Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
As per latest report published by SkyQuest Technology on automotive brake fluid market, it will continue to grow at a steady pace, while but there are high chances that it will experience more rapid growth in the coming years. One thing that all our analyst agree on is that the demand for automotive braking fluid is expected to increase in the future. This is due to a number of factors, such as the increasing popularity of vehicles equipped with ABS brakes and the increasing number of drivers who are looking for ways to improve their safety on the road.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 655.0 billion |
| Market size value in 2031 | USD 940.37 billion |
| Growth Rate | 4.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Brake Fluid Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Brake Fluid Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Brake Fluid Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Brake Fluid Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Brake Fluid Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Brake Fluid Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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