The global automotive brake components aftermarket market is estimated to increase by USD 14.07 billion between 2022 and 2027. The market's growth momentum will accelerate at a CAGR of 3.2%. The report also includes historic market data from 2017 to 2021. In 2017, the residential real estate market was valued at USD 79.64 billion. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Discover some insights on market size before buying the full report - Request a sample report

 Technavio has announced its latest market research report titled Global Automotive Brake Components Aftermarket Market 2023-2027

 

Key Trends - Emerging 3D printing in the automotive aftermarket industry is the primary trend in the global automotive brake components aftermarket market growth. Current applications of 3D printing are limited to the production of small series of tools or small series of parts. Reasons for this include the high price of 3D printers, slow printing speeds, and little software optimization. However, with software consolidation, faster print speeds, and the gradual price drop of 3D printers, 3D printing is revolutionizing the global automotive market. The introduction of such advanced manufacturing technologies is expected to transform the automotive aftermarket and reshape the entire automotive value chain. Moreover, 3D printing in the automotive industry is expected to bring numerous benefits, such as printing in multiple locations, reducing waiting periods, and reducing overall costs. In addition, 3D printing is expected to increase the scope of customization, thereby aligning end products as per customer requirements.

 

Automotive brake components aftermarket market – Vendor Analysis
Vendor Landscape - The global automotive brake components aftermarket market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer automotive brake components aftermarket in the market are Aisin Corp., Akebono Brake Industry Co. Ltd., ABS Friction Inc., Baer Inc., BorgWarner Inc., Brembo SpA, Carlisle Companies Inc., Continental AG, Disc Brakes Australia Pty. Ltd., First Brands Group, Freeman Automotive UK Ltd., Haldex AB, Hyundai Motor Co., Meritor Inc., Nisshinbo Holdings Inc., Robert Bosch GmbH, Tata Motors Ltd., Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG and others.

Vendor Offerings -

Aisin Corp.: The company offers automotive brake components that include brake master cylinder, brake wheel cylinder, brake booster and brake pad. Akebono Brake Industry Co. Ltd.: The company offers automotive brake components for automobiles which are fitted to each of the four wheels depending on the usage or characteristic of the vehicle which includes either disc brakes or drum brakes. BorgWarner Inc.: The company offers automotive brake components that include abs control module, brake booster, disc brakes, drum brakes and emergency brake. Brembo SpA: The company offers automotive brake components that include brake pads which are wrapped in a protective film which is entirely recyclable while providing double the protection. For Details on vendor and its offerings – Buy the report!

Automotive brake components aftermarket market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on products (Brake pads, Brake shoes, Brake calipers, and Others).

The brake pads segment will grow at a significant rate during the forecast period. Brake pads are a very important part of the brake system. Every time the brake is applied, the pad rubs against the rotating rotor to give the braking force to stop the vehicle. Thus, as the brake pads wear out with every braking, the demand for this brake component is high for replacement parts for vehicles. This factor will drive the global automotive brake components aftermarket for brake pads during the forecast period.

Geography Overview
By geography, the global automotive brake components aftermarket market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive brake components aftermarket market.

APAC is estimated to account for 43% of the growth of the global market during the forecast period. The region consists of an extremely price-sensitive population that solely focuses on cost reduction with maximum use of any products, especially vehicles. The aftermarket in APAC uses these strategies to attract its customers. The average replacement cycle for a vehicle in APAC is around 14 years. Therefore, the replacement cycle of the components in a vehicle in APAC is expected to increase over time due to the extensive use of the vehicle. Additionally, road conditions in Asian countries are quite rough. This increases the threat of component damage. This is the main factor that is boosting the aftermarket components, such as brake systems, during the forecast period.

 For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 Download a Sample Report

Automotive brake components aftermarket market – Market Dynamics
Leading Drivers - The increasing number of parc vehicles is the key factor driving the global automotive brake components aftermarket market growth. The continued growth in the number of Parc vehicles (vehicles in use) across all regions is likely to drive demand for automotive brake components in the aftermarket. The main factor contributing to the increase in the number of parc vehicles is the constant increase in new registrations, and the long life of cars has increased the number of parked vehicles worldwide. Car sales are high in the developed economies of North America and Europe. New vehicle registrations are increasing worldwide. Moreover, OEMs have extended warranties on their vehicles, which has resulted in the scaling of car reliability. All these factors have contributed to an increase in the number of parc vehicles during the forecast period

Major challenges - High installation costs of advanced brake systems are a major challenge to the global automotive brake components aftermarket market growth. Advanced braking systems, such as the ABS system, consist of many parts. If they are not used effectively, there is a greater chance that these parts may age or fail when needed. Therefore, these systems add to the overall cost of owning a vehicle and maintaining it. Issues related to proper calibration and disorientation increase the cost of ownership for people who own vehicles equipped with ABS. However, the cost varies, depending on the vehicle type and the repair shop that chooses to fix a specific problem.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this automotive brake components aftermarket market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the automotive brake components aftermarket market between 2023 and 2027Precise estimation of the automotive brake components aftermarket market size and its contribution to the market in focus on the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the automotive brake components aftermarket market across APAC, Europe, North America, Middle East and Africa, and South AmericaA thorough analysis of the market's competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of automotive brake components aftermarket market vendors

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Related Reports: 

The aftermarket automotive parts and components market is estimated to grow at a CAGR of 3.54% between 2022 and 2027. The size of the market is forecast to increase by USD 86.64 billion. This report extensively covers market segmentation by product (tire, brake parts, battery, filter, and others), distribution channel (retail and wholesale), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

The automotive aftermarket e-retailing market is estimated to grow at a CAGR of 18.31% between 2022 and 2027. The size of the market is forecast to increase by USD 79,605.34 million. This report extensively covers market segmentation by product (wheels and tires, brakes and brake pads, and others)  and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Automotive Brake Components Aftermarket Market Scope

Report Coverage

Details

Page number

179

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.2%

Market growth 2023-2027

USD14.07 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.53

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 43%

Key countries

US, China, Japan, Russia, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aisin Corp., Akebono Brake Industry Co. Ltd., ABS Friction Inc., Baer Inc., BorgWarner Inc., Brembo SpA, Carlisle Companies Inc., Continental AG, Disc Brakes Australia Pty. Ltd., First Brands Group, Freeman Automotive UK Ltd., Haldex AB, Hyundai Motor Co., Meritor Inc., Nisshinbo Holdings Inc., Robert Bosch GmbH, Tata Motors Ltd., Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's consumer discretionary market reports

Table of contents

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ProductExhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle TypeExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global automotive brake components aftermarket market 2017 - 2021 Exhibit 18: Historic Market Size – Data Table on Global automotive brake components aftermarket market 2017 - 2021 ($ billion)4.2 Product Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)4.3 Vehicle type Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ billion)4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis - Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segmentsExhibit 30: Chart on Product - Market share 2022-2027 (%)Exhibit 31: Data Table on Product - Market share 2022-2027 (%)6.2 Comparison by Product Exhibit 32: Chart on Comparison by ProductExhibit 33: Data Table on Comparison by Product6.3 Brake pads - Market size and forecast 2022-2027 Exhibit 34: Chart on Brake pads - Market size and forecast 2022-2027 ($ billion)Exhibit 35: Data Table on Brake pads - Market size and forecast 2022-2027 ($ billion)Exhibit 36: Chart on Brake pads - Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Brake pads - Year-over-year growth 2022-2027 (%)6.4 Brake shoes - Market size and forecast 2022-2027 Exhibit 38: Chart on Brake shoes - Market size and forecast 2022-2027 ($ billion)Exhibit 39: Data Table on Brake shoes - Market size and forecast 2022-2027 ($ billion)Exhibit 40: Chart on Brake shoes - Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Brake shoes - Year-over-year growth 2022-2027 (%)6.5 Brake calipers - Market size and forecast 2022-2027 Exhibit 42: Chart on Brake calipers - Market size and forecast 2022-2027 ($ billion)Exhibit 43: Data Table on Brake calipers - Market size and forecast 2022-2027 ($ billion)Exhibit 44: Chart on Brake calipers - Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Brake calipers - Year-over-year growth 2022-2027 (%)6.6 Others - Market size and forecast 2022-2027 Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ billion)Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ billion)Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)6.7 Market opportunity by Product Exhibit 50: Market opportunity by Product ($ billion)

7 Market Segmentation by Vehicle Type

7.1 Market segmentsExhibit 51: Chart on Vehicle Type - Market share 2022-2027 (%)Exhibit 52: Data Table on Vehicle Type - Market share 2022-2027 (%)7.2 Comparison by Vehicle Type Exhibit 53: Chart on Comparison by Vehicle TypeExhibit 54: Data Table on Comparison by Vehicle Type7.3 Passenger cars - Market size and forecast 2022-2027 Exhibit 55: Chart on Passenger cars - Market size and forecast 2022-2027 ($ billion)Exhibit 56: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ billion)Exhibit 57: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)7.4 Commercial vehicles - Market size and forecast 2022-2027 Exhibit 59: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)Exhibit 60: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)Exhibit 61: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)Exhibit 62: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)7.5 Market opportunity by Vehicle Type Exhibit 63: Market opportunity by Vehicle Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 65: Chart on Market share by geography 2022-2027 (%)Exhibit 66: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 67: Chart on Geographic comparisonExhibit 68: Data Table on Geographic comparison9.3 APAC - Market size and forecast 2022-2027 Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)9.4 Europe - Market size and forecast 2022-2027 Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)9.5 North America - Market size and forecast 2022-2027 Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion)Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion)Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)9.6 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)9.7 South America - Market size and forecast 2022-2027 Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)9.8 US - Market size and forecast 2022-2027 Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)9.9 China - Market size and forecast 2022-2027 Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ billion)Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ billion)Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)9.10 Japan - Market size and forecast 2022-2027 Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)9.11 Russia - Market size and forecast 2022-2027 Exhibit 101: Chart on Russia - Market size and forecast 2022-2027 ($ billion)Exhibit 102: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)Exhibit 103: Chart on Russia - Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on Russia - Year-over-year growth 2022-2027 (%)9.12 Germany - Market size and forecast 2022-2027 Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ billion)Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 110: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 111: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 112: Overview on factors of disruption11.4 Industry risksExhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 114: Vendors covered12.2 Market positioning of vendors Exhibit 115: Matrix on vendor position and classification12.3 Aisin Corp.Exhibit 116: Aisin Corp. - OverviewExhibit 117: Aisin Corp. - Business segmentsExhibit 118: Aisin Corp. - Key offeringsExhibit 119: Aisin Corp. - Segment focus12.4 Akebono Brake Industry Co. Ltd. Exhibit 120: Akebono Brake Industry Co. Ltd. - OverviewExhibit 121: Akebono Brake Industry Co. Ltd. - Business segmentsExhibit 122: Akebono Brake Industry Co. Ltd. - Key offeringsExhibit 123: Akebono Brake Industry Co. Ltd. - Segment focus12.5 BorgWarner Inc.Exhibit 124: BorgWarner Inc. - OverviewExhibit 125: BorgWarner Inc. - Business segmentsExhibit 126: BorgWarner Inc. - Key newsExhibit 127: BorgWarner Inc. - Key offeringsExhibit 128: BorgWarner Inc. - Segment focus12.6 Brembo SpAExhibit 129: Brembo SpA - OverviewExhibit 130: Brembo SpA - Business segmentsExhibit 131: Brembo SpA - Key newsExhibit 132: Brembo SpA - Key offeringsExhibit 133: Brembo SpA - Segment focus12.7 Carlisle Companies Inc. Exhibit 134: Carlisle Companies Inc. - OverviewExhibit 135: Carlisle Companies Inc. - Business segmentsExhibit 136: Carlisle Companies Inc. - Key offeringsExhibit 137: Carlisle Companies Inc. - Segment focus12.8 Continental AGExhibit 138: Continental AG - OverviewExhibit 139: Continental AG - Business segmentsExhibit 140: Continental AG - Key offeringsExhibit 141: Continental AG - Segment focus12.9 First Brands GroupExhibit 142: First Brands Group - OverviewExhibit 143: First Brands Group - Product / ServiceExhibit 144: First Brands Group - Key offerings12.10 Hyundai Motor Co.Exhibit 145: Hyundai Motor Co. - OverviewExhibit 146: Hyundai Motor Co. - Business segmentsExhibit 147: Hyundai Motor Co. - Key newsExhibit 148: Hyundai Motor Co. - Key offeringsExhibit 149: Hyundai Motor Co. - Segment focus12.11 Meritor Inc.Exhibit 150: Meritor Inc. - OverviewExhibit 151: Meritor Inc. - Business segmentsExhibit 152: Meritor Inc. - Key newsExhibit 153: Meritor Inc. - Key offeringsExhibit 154: Meritor Inc. - Segment focus12.12 Nisshinbo Holdings Inc. Exhibit 155: Nisshinbo Holdings Inc. - OverviewExhibit 156: Nisshinbo Holdings Inc. - Business segmentsExhibit 157: Nisshinbo Holdings Inc. - Key offeringsExhibit 158: Nisshinbo Holdings Inc. - Segment focus12.13 Robert Bosch GmbHExhibit 159: Robert Bosch GmbH - OverviewExhibit 160: Robert Bosch GmbH - Business segmentsExhibit 161: Robert Bosch GmbH - Key offeringsExhibit 162: Robert Bosch GmbH - Segment focus12.14 Tata Motors Ltd.Exhibit 163: Tata Motors Ltd. - OverviewExhibit 164: Tata Motors Ltd. - Business segmentsExhibit 165: Tata Motors Ltd. - Key newsExhibit 166: Tata Motors Ltd. - Key offeringsExhibit 167: Tata Motors Ltd. - Segment focus12.15 Tenneco Inc.Exhibit 168: Tenneco Inc. - OverviewExhibit 169: Tenneco Inc. - Business segmentsExhibit 170: Tenneco Inc. - Key newsExhibit 171: Tenneco Inc. - Key offeringsExhibit 172: Tenneco Inc. - Segment focus12.16 Valeo SAExhibit 173: Valeo SA - OverviewExhibit 174: Valeo SA - Business segmentsExhibit 175: Valeo SA - Key newsExhibit 176: Valeo SA - Key offeringsExhibit 177: Valeo SA - Segment focus12.17 ZF Friedrichshafen AG Exhibit 178: ZF Friedrichshafen AG - OverviewExhibit 179: ZF Friedrichshafen AG - Business segmentsExhibit 180: ZF Friedrichshafen AG - Key newsExhibit 181: ZF Friedrichshafen AG - Key offeringsExhibit 182: ZF Friedrichshafen AG - Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 183: Inclusions checklistExhibit 184: Exclusions checklist13.3 Currency conversion rates for US$ Exhibit 185: Currency conversion rates for US$13.4 Research methodologyExhibit 186: Research methodologyExhibit 187: Validation techniques employed for market sizingExhibit 188: Information sources13.5 List of abbreviations Exhibit 189: List of abbreviations

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