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Automotive Aftermarket Brake Friction Parts - Global Market Trajectory & Analytics

  • ID: 992774
  • Report
  • July 2020
  • Region: Global
  • 348 Pages
  • Global Industry Analysts, Inc
Global Automotive Aftermarket Brake Friction Parts Market to Reach $3.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Aftermarket Brake Friction Parts estimated at US$3.4 Billion in the year 2020, is projected to reach a revised size of US$3.7 Billion by 2027, growing at a CAGR of 1% over the analysis period 2020-2027. Brake Pads, one of the segments analyzed in the report, is projected to record a 1.1% CAGR and reach US$3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Brake Shoes segment is readjusted to a revised 0.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $926.9 Million, While China is Forecast to Grow at 2.2% CAGR

The Automotive Aftermarket Brake Friction Parts market in the U.S. is estimated at US$926.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$676.5 Million by the year 2027 trailing a CAGR of 2.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -0.2% and 0.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.1% CAGR.

Other Types Segment to Record 0.4% CAGR

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 0.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$204.3 Million in the year 2020 will reach a projected size of US$206.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$474.1 Million by the year 2027, while Latin America will expand at a 0.9% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 348-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • ABS Friction Inc.
  • Advics Co. Ltd.
  • Akebono Brake Industry Co. Ltd.
  • Continental AG
  • Delphi Technologies
  • Federal-Mogul Motorparts LLC
  • Fras-Le S.A.
  • Japan Brake Industrial Co. Ltd.
  • Nan Hoang Traffic Instrument Co. Ltd.
  • Nisshinbo Brake Inc.
  • Nisshinbo Holdings Inc.
  • Robert Bosch GmbH
  • TMD Friction Holdings GmbH
  • ZF Friedrichshafen AG

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession

Brake Friction Parts - A Rudimentary Overview

Recent Market Activity

Aftermarket - A Key Revenue Contributor to Brake Friction Parts Market

Northbound Trajectory in Automotive Aftermarket Industry Creates Conducive Environment

A Snapshot of Automobile Parts & Components Intended for OEM & Aftermarket Applications

Steady Growth Projected Over the Coming Years

Developed Regions - Primary Revenue Contributors

Developing Countries Emerge as Hot Spots for Future Growth

Key Issues & Challenges Hampering Industry Prospects: A Review

Customers' Casual Attitude Towards Replacement of Parts

Prevalence of Counterfeit Components

Sustained Emphasis on Equipping Vehicles with Durable OEM Parts & Components

Eddy Current Brake Systems

Global Competitor Market Shares

Automotive Aftermarket Brake Friction Parts Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

ABS Friction Inc. (Canada)

ADVICS CO., LTD. (Japan)

Akebono Brake Industry Co., Ltd. (Japan)

Continental AG (Germany)

Delphi Technologies (UK)

Dongying Xinyi Automobile Fitting Co. Ltd. (China)

Federal-Mogul Motorparts LLC (USA)

Fras-Le S.A. (Brazil)

Japan Brake Industrial Co., Ltd. (Japan)

Nan Hoang Traffic Instrument Co., Ltd (Taiwan)

Nisshinbo Holdings Inc. (Japan)

Nisshinbo Brake Inc. (Japan)

TMD Friction Holdings GmbH (Germany)

Robert Bosch GmbH (Germany)

ZF Friedrichshafen AG (Germany)

3. MARKET TRENDS & DRIVERS

Large Global Base of Vehicle Fleet Offers Potential for Replacements

Global Vehicles in Operation - An Overview

Rising Average Vehicle Life Drive Demand for Aftermarket Brake Friction Parts

Outsourcing - A Key Manufacturer Cost Rationalization Strategy

Remanufactured Brake Friction Parts Grow in Prominence

Disc Brakes Rise Above Drum Brakes - Augurs Well for Brake Pads Market

Technology Innovations and Product Improvements Widen Scope and Span

Growing Integration of Electronic Assistance with Disc & Drum Brakes

Sealed Brakes: The Future of Wet Friction Brakes

Manufacturers Focus on Customized Brake Pads

Product Materials See Drastic Changes Over the Years

Focus on Environment Drives Demand Non-Toxic Materials for Brake Friction Parts

Regulatory Guidelines Play a Role in Choice of Material for Brake Friction Products

Ceramic Brake Pads Continue to Grow in Prominence

Manufacturers Disguise Organic Brake Pads as Ceramic Variants

Semi-Metallic Brake Market Pads Hold Ground

Carbon-Carbon Composite to Gain Popularity for Reinforced Automobile Brake Friction parts

Asbestos: The Iconic Friction Material on Verge of Complete Phase Out

Emphasis on Curbing Road Accidents Widens Demand

Favorable Socio-Economic Trends Favoring Automotive Industry Generate Parallel Opportunities for Aftermarket Brake Friction Parts

Evolving Transportation Needs of Ballooning Urban Population

Growing Financial Strength of Middle Class Consumer Segment

Stable Economic Scenario

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Automotive Aftermarket Brake Friction Parts Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Automotive Aftermarket Brake Friction Parts Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 114

Note: Product cover images may vary from those shown
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