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Automotive Aftermarket Brake Friction Parts - Global Strategic Business Report

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    Report

  • 577 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 992774
The global market for Automotive Aftermarket Brake Friction Parts is estimated at US$3.3 Billion in 2023 and is projected to reach US$3.9 Billion by 2030, growing at a CAGR of 2.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Brake Pads segment, which is expected to reach US$2.8 Billion by 2030 with a CAGR of 2.4%. The Brake Shoes segment is also set to grow at 2% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $817.9 Million in 2023, and China, forecasted to grow at an impressive 3.7% CAGR to reach $612.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Automotive Aftermarket Brake Friction Parts Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Aftermarket Brake Friction Parts Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Automotive Aftermarket Brake Friction Parts Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as ABS Friction Inc., ADVICS, Akebono Brake Industry Co. Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 163 Featured):

  • ABS Friction Inc.
  • ADVICS
  • Akebono Brake Industry Co. Ltd.
  • BorgWarner Inc.
  • Brembo SpA
  • Continental AG
  • Disc Brakes Australia Pty. Ltd.
  • Fras-le S.A.
  • Haldex AB
  • Nan Hoang Traffic Instrument Co., Ltd.
  • Nisshinbo Holdings Inc.
  • Robert Bosch GmbH
  • Tenneco Inc.
  • ZF Friedrichshafen AG

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Here’s How Inflationary Pressures Affect the Economy
  • Here’s What’s Causing Inflationary Pressures in the Global Market
  • Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Global Inflation Rates (In %) for the Years 2019 Through 2024
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Global Number of Unemployed People (In Million) for Years 2019 Through 2024
  • Competitive Scenario
  • Automotive Aftermarket Brake Friction Parts - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • A Prelude to Automotive Aftermarket Industry
  • Snapshot of Automobile Parts & Components Intended for OEM & Aftermarket Applications
  • Aftermarket Brake Shoes & Brake Pads Market: A Review
  • Aftermarket: Key Revenue Contributor to Brake Friction Parts Market
  • Global Automotive Aftermarket Brake Friction Parts Market Tightens Grip on Road to a Pothole-Free Journey
  • COVID-19 Pandemic: A Speed-Breaker for Automotive Aftermarket Brake Friction Parts Market
  • Speak-Freak Segments of Automotive Aftermarket Brake Friction Parts Market
  • Trends Indicating Green Light Ahead for Automotive Aftermarket Brake Friction Parts Market
  • Ferrari-Like Drivers Offering New Oil to Automotive Aftermarket Brake Friction Parts Market
  • Red Flags for Global Automotive Aftermarket Brake Friction Parts Market
  • North America Rules while Asia-Pacific Vrooms Ahead on Automotive Aftermarket Brake Friction Parts Market
  • Asia-Pacific Embarks on High-Speed Trajectory
  • Friction and Friction Products for Automotive
  • Brake System
  • Brake Friction Products
  • Major Brake Friction Material Advantages and Disadvantages - Ceramic, Semi-Metallic, Metallic and Non-asbestos Organic (NAO) Material
  • Friction Materials
  • Classification Based on the State of Friction Contact Surfaces of Application
  • Select Standards
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Automobile Production Dynamics Influences Demand Patterns of Automotive Brakes Market
  • World Automobile Production in Million Units: 2008-2022
  • Car Brakes used in Modern Automobiles
  • Nearshoring Trend Positions Brazil & Mexico as a Strong Production Centers for CVs
  • An IneviTable Rebound in Market Prospects to Encourage Growth in Sales of Brakes: Global Commercial Vehicle Sales (In 000 Units) for Years 2018, 2020, 2022, 2024 & 2026
  • Pandemic Impact on the Automotive Industry & What’s the New Normal?
  • Car Production YoY % Growth in 2020 Across Major Regional Markets
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
  • Strong Outlook for Automotive Aftermarket to Benefit Demand for Automotive Brakes
  • Robust Aftermarket Expands the Addressable Market Opportunity for Automotive Brakes: Global Opportunity for Automotive Aftermarket (In US$ Billion) for Years 2023, 2025 and 2027
  • Product Replacement Cycles: Key Factor Influencing Demand for Aftermarket Parts
  • Expanding Vehicle PARC & Longer Service Life of Vehicles Drive Opportunities in the Aftermarket
  • Aging Vehicle Fleet Drives Opportunities for Automotive Brakes in the Aftermarket
  • With Several Governments Imposing 15 Years as the Retirement Age for Vehicles, the Growing Age of Vehicles is Poised to Benefit Demand for Replacements Parts: Average Age of Cars & Light Trucks in the United States (In Years) for the Years 1980, 1990, 2000, 2015, 2020 and 2022
  • Average Age of Light Vehicles (Car & Light Commercial Vehicles) in the US for Years 2010, 2018 and 2023
  • Average Age of Cars in the EU (2023): Breakdown by Select Country
  • Electric Vehicles Rising Demand Influence the Brake Market
  • Electronic Braking Breakthroughs Push EV Safety & Autonomous Driving Forward
  • Rising Popularity of Electric and Hybrid Vehicles Fuel Demand for Regenerative Braking
  • Need for Reducing Automobile Weight, Improve Fuel Efficiency, and Comply with Evolving Tailpipe Emission Regulations Drive Light Weight Material in Brakes
  • Post Pandemic, Massive Engineering Interest in Lightweighting Will Create Massive Interest in Innovative Lightweight Brakes: Global Automotive Lightweight Materials Market (In US$ Billion) for the Years 2022, 2024 & 2026
  • Bringing Down Environmental Impacts and Improving Sustainability
  • How Advances in Carbon Brakes Transformed Formula 1 Landscape
  • Remanufactured Brake Friction Parts Grow in Prominence
  • Environmental Impact of Automotive Component Production: Comparison of Green House Gas Emitted (in kgCO2-eq) by Type of Manufacturing Activity - Remanufacturing with Secondary Material, New Production with Secondary Material, Remanufacturing with Primary Material and New Production with Primary Material
  • Environmental Impact of Automotive Component Production: A Comparison of Waste Generated (in Kg) by Type of Manufacturing Activity - Remanufacturing and New Product Manufacturing
  • Value of New and Remanufactured Automotive Components: Percentage Breakdown of the Real and Resorted Value of Material, Labor, Energy and Plant & Equipment for New Product and Remanufactured Product
  • Material Consumption Pattern in the Production of Automotive Components: Breakdown of the Volume of Material Consumed (in Kgs) by Type of Manufacturing Activity - Remanufacturing and New Product Manufacturing
  • Energy Consumption in Production of Automotive Components: Breakdown of the Volume of Energy Consumed (in Megajoule (MJ)) by Type of Manufacturing Activity - Remanufacturing (with Primary and Secondary Material) and New Production (with Primary and Secondary Material)
  • Key Trends within the Brake Types and Materials Market
  • Disc Brakes Rise Above Drum Brakes: Augurs Well for Brake Pads Market
  • Importance of Brake Pad in Efficient ADAS Operation, Accident Prevention
  • Technology Developments to Drive Growth
  • Advancements in the Brake Technology
  • Automotive Parts Manufacturing Gain as Automakers Strengthen R&D Spending
  • Automotive R&D Spending in US$ Billion for 2020, 2025, and 2030
  • Automotive R&D Spending Breakdown by Segment: 2025
  • From Old School Options to Power Brakes: Car Brakes at Zenith of Automotive Safety
  • Car Brakes: The Evolutionary Timeline
  • Braking Trends in the Automotive Market
  • Future of Brakes - Brake Systems of the Future
  • Demographic Trends Create Fertile Environment for Long-Term Growth of Automobile Market: Expanding Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Urban Sprawl
  • World Urban Population in Millions: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Growing Affluence of Middle Class Population
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Large Base of Millennials
  • Rising Living Standards
  • Ever Rising Incidences Pertaining to Road Accidents Propels Demand for High-End Automotive Braking Components
  • An Insight into the Rapidly Growing Online Automotive Aftermarket Industry
  • Key Issues & Challenges Hampering Industry Prospects
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Automotive Aftermarket Brake Friction Parts Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Automotive Aftermarket Brake Friction Parts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Automotive Aftermarket Brake Friction Parts by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Automotive Aftermarket Brake Friction Parts by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Brake Pads by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Brake Pads by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Brake Pads by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Brake Shoes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Brake Shoes by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Brake Shoes by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Automotive Aftermarket Brake Friction Parts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
  • Automotive Aftermarket Brake Friction Parts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)
JAPAN
  • Automotive Aftermarket Brake Friction Parts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Automotive Aftermarket Brake Friction Parts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Automotive Aftermarket Brake Friction Parts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Automotive Aftermarket Brake Friction Parts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Automotive Aftermarket Brake Friction Parts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Automotive Aftermarket Brake Friction Parts Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABS Friction Inc.
  • ADVICS
  • Akebono Brake Industry Co. Ltd.
  • BorgWarner Inc.
  • Brembo SpA
  • Continental AG
  • Disc Brakes Australia Pty. Ltd.
  • Fras-le S.A.
  • Haldex AB
  • Nan Hoang Traffic Instrument Co., Ltd.
  • Nisshinbo Holdings Inc.
  • Robert Bosch GmbH
  • Tenneco Inc.
  • ZF Friedrichshafen AG

Table Information