Future Automotive Brake Fluid Market: Key Dynamics, Size & Share Analysis
Valued at USD 1.4 billion in 2024, the Global Automotive Brake Fluid Market is expected to reach USD 2.21 billion by the year 2030. It is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2025-30. Owing to the surge in demand for Light Commercial Vehicles (LCVs) like delivery vans and light trucks, there has been a significant increase in this segment. Rising from 79.66 million units, the global vehicle sales reached 92.72 million units during 2020-23. Consequently, over 93.54 million vehicles were produced to meet the rising demand. Countries like China, the US, Japan and India became the main manufacturing centers of automobiles.
Top Market Driver Impacting the Automotive Brake Fluid Market Growth
Increasing Awareness and Emphasis on Regular Vehicle Maintenance - With increasing awareness around regular vehicle maintenance, there has been a major growth in the global automotive brake fluid market. The right operation of braking systems is determined by brake fluids, mainly in cars having advance features like electronic stability control and ABS. According to the Ministry of Road Transport and Highways (MoRTH) India, mechanical failure, including brake failure, was the cause of 30.6% of all traffic accidents in India in the year 2023. Around 13,500 accidents, and nearly 4,000 deaths were caused due to such failures.
In the wake of this, Government authorities across the globe are promoting regular auto maintenance through safety regulations and checks. The Federal Motor Vehicle Safety Standards FMVSS imposes stringent brake performance standards in the US that are implemented by the Department of Transportation for ensuring vehicle safety. Similarly, Chinese vehicle safety standards also require annual vehicle checks, which include brake system inspections. The growing interest in safety and compliance that the government is enforcing drives demand for high-quality brake fluids.
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Understanding the Core Segments in the Automotive Brake Fluid Market
Automotive Brake Fluid Market Size, Share & Industry Trends Analysis- By Type (DOT 3, DOT 4, DOT, DOT 5.1, Other) By Fluid Type (Petroleum, Non-Petroleum) By Vehicle Type, Passenger Cars, Commercial Vehicles, Off-Road Vehicle) By Packaging Type (Bulk Containers, Small Retail Packages) By Sales Channel (OEM, Aftermarket) and Others.
Geographical Analysis of the Automotive Brake Fluid Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Who Dominates the Automotive Brake Fluid Market Insights on Key Industry Players?
Companies are strengthening their presence in the Automotive Brake Fluid market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Robert Bosch GmbH
- The China National Petroleum Corporation
- Product Portfolio
- Castrol
- Exxon Mobil Corporation
- FUCHS Petrolub SE
- Royal Dutch Shell plc
- China Petroleum & Chemical Corporation
- Total S.A.
- Chevron Corporation
- Qingdao Copton Technology Company Limited
- Irico Group
- Total Energies
- Valvoline
- Motul
- Repsol
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