What are the different types of bike brakes available in the market?

The different types of bike brakes available in the market include rim brakes, disc brakes, and coaster brakes. Rim brakes use pads that press against the wheel rims to slow down the bike. Disc brakes use a rotor attached to the wheel hub and calipers that squeeze the rotor to stop the bike. Coaster brakes are found on some bikes and are activated by pedaling backward. Each type of brake has its own advantages and considerations for different riding conditions.