The automotive aftermarket brake friction part market is expected to reach an estimated $3.4 billion by 2030 with a CAGR of 2.6% from 2024 to 2030.
The major drivers for this market are increased vehicle age and maintenance needs, growing vehicle ownership, and implementation of stringent government policies. The future of the automotive aftermarket brake friction part market looks promising with opportunities in the passenger car and commercial vehicle markets.
Within this market, passenger car is expected to witness the higher growth due to increasing larger vehicle population and rising demand for replacement brake parts.
APAC is expected to witness highest growth over the forecast period due to significantly growing vehicle population and implementation of stringent government norms in the region.
Answer: The global automotive aftermarket brake friction part market is expected to reach an estimated $3.4 billion by 2030.
Q2. What is the growth forecast for automotive aftermarket brake friction part market?
Answer: The global automotive aftermarket brake friction part market is expected to grow with a CAGR of 2.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive aftermarket brake friction part market?
Answer: The major drivers for this market are increased vehicle age and maintenance needs, growing vehicle ownership, and implementation of stringent government policies.
Q4. What are the major segments for automotive aftermarket brake friction part market?
Answer: The future of the automotive aftermarket brake friction part market looks promising with opportunities in the passenger car and commercial vehicle markets.
Q5. Who are the key automotive aftermarket brake friction part market companies?
Answer: Some of the key automotive aftermarket brake friction part companies are as follows:
Answer: The publisher forecasts that brake pad is expected to witness the higher growth over the forecast period due to their superior performance.
Q7. In automotive aftermarket brake friction part market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to significantly growing vehicle population and implementation of stringent government norms in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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The major drivers for this market are increased vehicle age and maintenance needs, growing vehicle ownership, and implementation of stringent government policies. The future of the automotive aftermarket brake friction part market looks promising with opportunities in the passenger car and commercial vehicle markets.
Automotive Aftermarket Brake Friction Part by Segment
The study includes a forecast for the global automotive aftermarket brake friction part by product type, material type, vehicle type, and region.Automotive Aftermarket Brake Friction Part Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Brake Pads
- Brake Shoes
- Others
Automotive Aftermarket Brake Friction Part Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
- Semi Metallic
- Non-Asbestos Organic
- Low-Metallic Non-Asbestos Organic
- Ceramic
Automotive Aftermarket Brake Friction Part Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
- Passenger Cars
- Commercial Vehicles
- Others
Automotive Aftermarket Brake Friction Part Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Aftermarket Brake Friction Part Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive aftermarket brake friction part companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive aftermarket brake friction part companies profiled in this report include:- ABS Friction
- ADVICS
- Akebono Brake Industry
- Continental
- Delphi Technologies
- Federal-Mogul Motorparts
- Fras-Le
- Japan Brake Industrial
- Nan Hoang Traffic Instrument
- Nisshinbo Brake
Automotive Aftermarket Brake Friction Part Market Insights
Brake pad is expected to witness the higher growth over the forecast period due to their superior performance.Within this market, passenger car is expected to witness the higher growth due to increasing larger vehicle population and rising demand for replacement brake parts.
APAC is expected to witness highest growth over the forecast period due to significantly growing vehicle population and implementation of stringent government norms in the region.
Features of the Automotive Aftermarket Brake Friction Part Market
- Market Size Estimates: Automotive aftermarket brake friction part market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automotive aftermarket brake friction part market size by product type, material type, vehicle type, and region in terms of value ($B).
- Regional Analysis: Automotive aftermarket brake friction part market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product types, material types, vehicle types, and regions for the automotive aftermarket brake friction part market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive aftermarket brake friction part market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive aftermarket brake friction part market size?Answer: The global automotive aftermarket brake friction part market is expected to reach an estimated $3.4 billion by 2030.
Q2. What is the growth forecast for automotive aftermarket brake friction part market?
Answer: The global automotive aftermarket brake friction part market is expected to grow with a CAGR of 2.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive aftermarket brake friction part market?
Answer: The major drivers for this market are increased vehicle age and maintenance needs, growing vehicle ownership, and implementation of stringent government policies.
Q4. What are the major segments for automotive aftermarket brake friction part market?
Answer: The future of the automotive aftermarket brake friction part market looks promising with opportunities in the passenger car and commercial vehicle markets.
Q5. Who are the key automotive aftermarket brake friction part market companies?
Answer: Some of the key automotive aftermarket brake friction part companies are as follows:
- ABS Friction
- ADVICS
- Akebono Brake Industry
- Continental
- Delphi Technologies
- Federal-Mogul Motorparts
- Fras-Le
- Japan Brake Industrial
- Nan Hoang Traffic Instrument
- Nisshinbo Brake
Answer: The publisher forecasts that brake pad is expected to witness the higher growth over the forecast period due to their superior performance.
Q7. In automotive aftermarket brake friction part market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to significantly growing vehicle population and implementation of stringent government norms in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive aftermarket brake friction part market by product type (brake pads, brake shoes, and others), material type (semi metallic, non-asbestos organic, low-metallic non-asbestos organic, and ceramic), vehicle type (passenger car, commercial vehicle, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automotive Aftermarket Brake Friction Part Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- ABS Friction
- ADVICS
- Akebono Brake Industry
- Continental
- Delphi Technologies
- Federal-Mogul Motorparts
- Fras-Le
- Japan Brake Industrial
- Nan Hoang Traffic Instrument
- Nisshinbo Brake
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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