자동차용 브레이크액 시장 규모, 점유율, 성장 분석 : 플루이드 유형별, 제품별, 차량별, 시장별, 지역별 - 산업별 예측(2024-2031년)

Global Automotive Brake Fluid Market size was valued at USD 655.0 billion in 2022 and is poised to grow from USD 681.85 billion in 2023 to USD 940.37 billion by 2031, growing at a CAGR of 4.1% during the forecast period (2024-2031).

The demand for brake fluid oil is on the rise, driven by the expanding automotive sector. Primarily utilized as a hydraulic fluid in braking systems, brake fluid oil is essential for ensuring safety and performance in vehicles. Its key attributes, such as excellent lubrication, non-corrosive properties, and a high boiling point, make it indispensable for handling the high temperatures and pressures encountered in brakes. The market includes various types of brake fluid oils, with glycol-based fluids being the most prevalent due to their robust performance, albeit with a risk of corrosion on painted surfaces. Conversely, silicone-based fluids excel in moisture resistance and cold weather applications, albeit at the expense of high-temperature performance, catering to diverse consumer needs across different climates.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Automotive Brake Fluid market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global 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.

Driver of the Global Automotive Brake Fluid Market

The global automotive brake fluid market is primarily driven by several interconnected factors, including population growth and urbanization. As more people migrate to urban areas, the demand for vehicles increases, subsequently elevating the need for brake fluid. Economic development plays a crucial role, as rising disposable incomes enable individuals to purchase more cars, amplifying brake fluid demand. Additionally, the growing number of vehicles on the road contributes significantly to this trend. Safety concerns prompt manufacturers to adopt advanced braking systems requiring larger volumes of brake fluid. Moreover, stringent emissions regulations encourage the use of regenerative braking systems, further propelling market growth. Lastly, the surge in electric vehicles, equipped with enhanced braking technologies, also boosts brake fluid consumption.

Restraints in the Global Automotive Brake Fluid Market

The global automotive brake fluid market faces significant constraints due to various factors. Economic conditions, particularly the impact of rising inflation and a sluggish economy, have led to decreased consumer spending on new vehicles. Many individuals are choosing to prolong the use of their existing vehicles instead of purchasing or leasing new ones, resulting in reduced demand for automotive products, including brake fluid. Additionally, the rising fuel prices are prompting consumers, particularly in developing nations, to prioritize public transportation over personal vehicle use, further decreasing brake fluid consumption. Furthermore, advancements in braking technology are making brake fluid less critical, potentially diminishing its overall demand in the market.

Market Trends of the Global Automotive Brake Fluid Market

The Global Automotive Brake Fluid market is experiencing a notable upward trend driven by an intensified focus on vehicle performance. As automotive technologies advance, with enhanced power and capabilities, there is a rising demand for brake fluids that can endure elevated temperatures and pressures while maintaining optimal performance. This demand has sparked innovation, leading to the development of advanced formulations that not only improve braking feel and response but also ensure safety and reliability under extreme conditions. Consequently, this trend is substantially contributing to the growth of the automotive brake fluid market, as manufacturers respond to the evolving needs of modern vehicles.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis

Global Automotive Brake Fluid Market Size by Fluid Type & CAGR (2024-2031)

• Market Overview
• Petroleum
• Non-Petroleum

Global Automotive Brake Fluid Market Size by Product & CAGR (2024-2031)

• Market Overview
• Dot 3 Glycol
• Dot 4 Glycol
• Dot 5 Silicon
• Dot 5.1 Glycol

Global Automotive Brake Fluid Market Size by Vehicle & CAGR (2024-2031)

• Market Overview
• Passenger Car
• Commercial Vehicle
• Off Road Vehicle

Global Automotive Brake Fluid Market Size by Market & CAGR (2024-2031)

• Market Overview
• OEM
• Aftermarket

Global Automotive Brake Fluid Market Size & CAGR (2024-2031)

• North America (Fluid Type, Product, Vehicle, Market)
  • USA
  • Canada
  • Europe (Fluid Type, Product, Vehicle, Market)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Fluid Type, Product, Vehicle, Market)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Latin America (Fluid Type, Product, Vehicle, Market)

• Brazil
• Rest of Latin America
• Middle East & Africa (Fluid Type, Product, Vehicle, Market)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Robert Bosch GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Castrol Limited (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Exxon Mobil Corporation (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fuchs Petrolub SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• China Petrochemical Corporation (Sinopec) (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TotalEnergies SE (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BP p.l.c. (UK)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Royal Dutch Shell plc (Netherlands)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PetroChina Company Limited (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• MOTUL (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Valvoline Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Liqui Moly GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ravenol GmbH (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Petro-Canada Lubricants (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Idemitsu Kosan Co., Ltd. (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Amsoil Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Lucas Oil Products, Inc. (USA)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations