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Automotive Aftermarket Brake Friction Parts - Global Market Trajectory & Analytics

  • ID: 992774
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABS Friction Inc.
  • Advics Co. Ltd.
  • Continental AG
  • Delphi Technologies
  • Fras-Le S.A.
  • Nisshinbo Brake 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.

Select Competitors (Total 114 Featured):
  • 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
Frequently Asked Questions about the Global Market for Automotive Aftermarket Brake Friction Parts

What is the estimated value of the Global Market for Automotive Aftermarket Brake Friction Parts?

The Global Market for Automotive Aftermarket Brake Friction Parts was estimated to be valued at $3.4 Billion in 2020.

What is the growth rate of the Global Market for Automotive Aftermarket Brake Friction Parts?

The growth rate of the Global Market for Automotive Aftermarket Brake Friction Parts is 1.2%, with an estimated value of $3.7 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Aftermarket Brake Friction Parts?

The Global Market for Automotive Aftermarket Brake Friction Parts is estimated to be worth $3.7 Billion by 2027.

Who are the key companies in the Global Market for Automotive Aftermarket Brake Friction Parts?

Key companies in the Global Market for Automotive Aftermarket Brake Friction Parts include ABS Friction Inc., Advics Co. Ltd., Akebono Brake Industry Co. Ltd., Continental AG, Delphi Technologies, Federal, Mogul Motorparts LLC, Fras and Japan Brake Industrial Co. Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABS Friction Inc.
  • Advics Co. Ltd.
  • Continental AG
  • Delphi Technologies
  • Fras-Le S.A.
  • Nisshinbo Brake Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
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
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • 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

A selection of companies mentioned in this report includes:

  • 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
Note: Product cover images may vary from those shown
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