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 2.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
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, estimated at $817.9 Million in 2023, and China, forecasted to grow at an impressive 4.3% CAGR to reach $612.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Aftermarket Brake Friction Parts Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Aftermarket Brake Friction Parts Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Aftermarket Brake Friction Parts Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ 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
Table of Contents
I. METHODOLOGYII. 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
- 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 | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 3.3 Billion |
| Forecasted Market Value ( USD | $ 3.9 Billion |
| Compound Annual Growth Rate | 2.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
