Global Automotive Brake Fluid Market: Product Type (Silicone-based, Castor Oil-based, Glycol-based), By Fluid Type (DOT 3, DOT 4, DOT 5, DOT 5.1), By Fluid Type (Petroleum, Non-petroleum), By Application (Passenger Cars, Light Commercial Vehicles, Others), By Sales Channel (OEM, Aftermarket), Regional Analysis, Industry Insights, Size, Share, Trends, Outlook, Growth and Opportunity 2022-2028
Brake fluid plays an important role in the proper functioning of your vehicle, helping the brake system generate the hydraulic pressure it needs to operate. A brake line is a mechanical part of the braking system that transfers brake fluid from the hydraulic master cylinder to the calipers or wheel cylinders. During braking, the brake fluid in the brake line presses the brake pads against the brake discs, slowing the vehicle safely and comfortably. The force applied by the driver is supplied by the brake fluid via the brake lines.
The Global Brake Fluid Market will register a CAGR of approximately 4.2% during the forecast period. Rising demand for lightweight vehicles and increasing vehicle production are expected to boost the automotive brake fluid market shortly. Due to safety concerns from global governing bodies, increasing demand for vehicles with improved braking systems and stringent regulations in the automotive industry is expected to drive the automotive brake fluid market. Asia-Pacific holds a large market share due to its large consumer base, especially in India, China, and South Korea.
By Fluid Type, DOT 4 Glycolic Fluid products occupy a large share of the global market. These types of fluids are mainly used in modern medium and heavy-duty vehicles and vehicles with traction, altitude, or ABS systems.
Based on vehicle type, The automotive brake fluid market can be segmented into passenger vehicles (PV), commercial vehicles (CV), and off-road vehicles. The passenger car segment is further subdivided into hatchbacks, sport utility vehicles (MPVs), and sport utility vehicles (SUVs). The commercial vehicle segment can be further divided into light commercial vehicles (LCV) and heavy commercial vehicles (HCV). All-terrain vehicles are used in a variety of applications such as agriculture, mining, and construction. The expansion of these industries will give the SUV segment a significant edge in the automotive brake fluid market.
By product, the market is categorized into castor oil, glycol, and silicone-based. In particular, the glycol-based segment is estimated to hold the highest market share during the forecast period.
Major market participants performing in the automotive brake fluid market include Exxon Mobil, Castrol, Shell, Robert Bosch GmbH, Pentosin, BASF, Total S.A., FAW Group Corporation, Delian Group, Shenzhen Pingchi Industry Co., Compton, Dow Automotive Systems, and Others.
The comprehensive report on the “Global Automotive Brake Fluid Market (2022-2028)” includes an extensive primary survey. This is accompanied by a detailed analysis of qualitative and quantitative aspects by experts from various industries and leading opinion leaders, providing deeper insights into market and industry performance. The report clearly shows the current market scenario. This includes historical and forecast market size for value and quantity, technological advances, and macroeconomic and market dominance factors. The report provides comprehensive information on the strategies of the industry’s top companies, as well as comprehensive research on different market segments and regions.
Market Segmentation
By Fluid Type
• DOT 3
• DOT 4
• DOT 5
• DOT 5.1
Product Type
• Silicone-based
• Castor Oil-based
• Glycol-based
By Fluid Type
• Petroleum
• Non-petroleum
By Application
• Light Commercial Vehicles
• Passenger Cars
• Others
By Sales Channel
• OEM
• Aftermarket
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Middle East and Africa (GCC, Southern Africa, and North Africa)
Key Highlights
• Concluded framework perusal including parent market evaluation
• Major changes in market dynamics
• Market segmentation to the 2nd or 3rd level
• The scale of the market past, present, and forecast in terms of value and quantity
• Reporting and evaluation of current industry trends
• Segment share and leading approach of key market participants
• Emerging niche segments and regional markets
• Objective evaluation of market development
• Commendation for business to build up their dominance in the market