The global market for Automotive Aftermarket Brake Friction Parts was valued at US$3.4 Billion in 2024 and is projected to reach US$3.9 Billion by 2030, growing at a CAGR of 2.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Automotive Aftermarket Brake Friction Parts Market - Key Trends & Drivers Summarized
What Are Automotive Aftermarket Brake Friction Parts?
Automotive aftermarket brake friction parts are critical components used in the braking systems of vehicles. These parts include brake pads, brake shoes, rotors, and drums that are replaced during routine maintenance and repairs. Aftermarket brake friction parts are essential for ensuring the safety and performance of a vehicle's braking system. They are designed to meet or exceed the performance standards of original equipment manufacturer (OEM) parts and are available in various materials and formulations to suit different driving conditions and vehicle types. The aftermarket segment allows vehicle owners to maintain their braking systems cost-effectively without compromising on quality.How Are Industry Demands Shaping This Market?
Industry demands are significantly shaping the automotive aftermarket brake friction parts market. The increasing vehicle age and the growing number of vehicles on the road are driving demand for replacement parts. As vehicles accumulate mileage, the wear and tear on brake components necessitate regular maintenance and replacement. The rising awareness of vehicle safety and the importance of maintaining a reliable braking system are also influencing market trends. Additionally, the growth of the automotive aftermarket sector, supported by the availability of high-quality and cost-effective brake friction parts, is further propelling market growth.What Technological Innovations Are Influencing This Market?
Technological innovations are transforming the automotive aftermarket brake friction parts market, improving product performance and durability. Advances in material science have led to the development of high-performance friction materials that offer better heat dissipation, reduced noise, and enhanced braking efficiency. The use of ceramic, semi-metallic, and organic compounds in brake pads and shoes is improving their lifespan and performance under various driving conditions. Additionally, innovations in manufacturing processes, such as precision machining and advanced bonding techniques, are enhancing the quality and reliability of brake friction parts. These technological advancements are essential for meeting the high standards of safety and performance required in the automotive industry.What Factors Are Driving Market Growth?
The growth in the automotive aftermarket brake friction parts market is driven by several factors, including the increasing vehicle age, rising vehicle safety awareness, and technological advancements in brake friction materials. The growing number of vehicles on the road and their extended lifespans are driving demand for replacement brake parts. The emphasis on vehicle safety and the need for reliable braking systems are also propelling market growth. Technological innovations, such as advanced friction materials and improved manufacturing processes, are enhancing the performance and durability of aftermarket brake friction parts, attracting consumer investment. Additionally, the expansion of the automotive aftermarket sector, supported by the availability of high-quality and cost-effective replacement parts, is contributing to the market's growth. These factors collectively ensure a robust demand for automotive aftermarket brake friction parts, driving the market forward.Scope of the Study
The report analyzes the Automotive Aftermarket Brake Friction Parts market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Type (Brake Pads, Brake Shoes); Application (Passenger Cars, Commercial Vehicles).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; 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; UAE; Rest of Middle East; Africa.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 a 2.8%. The Brake Shoes segment is also set to grow at 2.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $837.7 Million in 2024, and China, forecasted to grow at an impressive 4.3% CAGR to reach $612.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 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., BorgWarner Inc., Brembo SpA and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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?
Some of the 163 major companies featured in this Automotive Aftermarket Brake Friction Parts market report include:
- 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 of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
LATIN AMERICA
AFRICA
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
| Report Attribute | Details |
|---|---|
| No. of Pages | 577 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 3.4 Billion |
| Forecasted Market Value ( USD | $ 3.9 Billion |
| Compound Annual Growth Rate | 2.7% |
| Regions Covered | Global |
