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The global braking systems market is estimated at 513.6 million units in 2023, recording a substantial annual growth of 5.6%. Disk brakes dominate the sector with a share of 89.5%, while drum brakes accounted for the remaining 10.5% in 2022. Over the forecast period, the braking systems sector is expected to record a CAGR of 5.2% during 2021–26 to reach 583 mn units by 2026. The top five companies operating in the global braking systems are Bosch, Continental, ZF TRW, Advics, and Mando.