Automotive Brake Components Market
Automotive Brake Components Market Analysis, By Product Type (Disc Brakes, Drum Brakes), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Sales Channel (OEMs, Aftermarket) - Global Forecast 2022 to 2032
Analysis of Automotive Brake Components market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Brake Components Market Outlook (2022 to 2032)
Worldwide sales of automotive brake components are valued at US$ 49.9 billion at present. The global automotive brake components market is forecast to expand at a CAGR of 4.2% to reach a valuation US$ 75.6 billion by 2032.
| Report Attributes | Details |
|---|---|
| Automotive Brake Components Market Size (2021A) | US$ 48.1 Billion |
| Estimated Year Value (2022E) | US$ 49.9 Billion |
| Projected Year Value (2032F) | US$ 75.6 Billion |
| Global Market Growth Rate (2022 to 2032) | 4.2% CAGR |
| North America Market Share (2021) | ~26% |
| North America Growth Rate (2022 to 2032) | ~4.4% CAGR |
| Collective Value Share (U.S., China, India) 2022: Top 3 Countries | ~38% |
| Top 5 Companies’ Market Share (2021) | ~23% |
| Key Companies Profiled | Wabco Holdings Inc.; Knorr Bremse AG; Mando Corporation; Aisin Seiki Co. Ltd.; Akebono Brake Industry Company Ltd.; Brembo S.p.A; Daimler AG; ZF Friedrichshafen AG; DAKO-CZ; Robert Bosch GmbH; Continental AG; ASK Automotive Pvt. Ltd. |
Advancements in braking systems coupled with mandates by regulatory bodies is like to influence the adoption of advanced automotive brake components over the coming years.
Demand for automotive brake components accounted for around 20% share of the global automotive components industry in 2021.
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Demand Analysis of Automotive Brake Components (2017 to 2021) Vs. Market Outlook (2022 to 2032)
Advancements in braking systems along with non-uniformity in road infrastructure is likely to influence the automotive brake components market over the coming years. Demand for efficient automotive brake components such as brake liners, brake shoes, brake pads, and brake calipers is growing owing to rising need for the active and passive safety of automobiles.
Rules by regulatory bodies are likely to drive adoption of advanced brake systems over the coming years.
- For instance, the United States Department of Transportation (DOT) and National Highway Traffic Safety Administration (NHTSA) have mandated the use of automatic emergency braking, offering dynamic braking, thereby pushing demand for efficient automotive brake components.
Fact.MR projects the automotive brake components market to witness 4.2% CAGR during 2022 and 2032 in comparison to 2.8% CAGR from 2017 and 2021.
What’s Driving High Need for Automotive Braking Systems?
“Periodic Changes Reduced by Frictionless Braking to Support Market Growth”
The gradual shift towards electric and hybrid vehicles is likely to impact the braking technology that is used in cars and light trucks. Automotive brake component manufacturers are developing products compatible with these braking systems.
Trends include autonomous driving, electrification, light weighting, and new mobility. This is estimated to support market demand by 1.2X during the forecast years of 2022 to 2032.
Moreover, the periodic changing of automotive brake components can be reduced with the help of frictionless braking technology. This is a potential breakthrough among OEMs.
As such, all the above factors are estimated to support demand growth by around 20% of current levels over the assessment period.
“Anodizing Brake Calipers Enhancing Functionality”
Escalating preference for aluminium automotive brake components is likely to provide additional demand for brake calipers in disc brake systems. Anodizing brake calipers are anodized for their use in high-quality vehicles. This trend of anodizing brake calipers is estimated to provide a gain of 210 BPS to the automotive brake components market.
The anodizing treatment not only provides enhanced corrosion protection but also improves appearance and wear resistance. In addition, the coloring of anodized brake calipers with paints provides for increased weather resistance.
This is estimated to support drive growth by 1.3X during the forecast years.
“New Labelling Initiative to Alleviate Threats Posed by Forged Products”
Prevalence of forged products in the automotive industry calls for labelling standards and regulations of replacing automotive brake components as original brake components, ensuring vehicle safety.
This demands the application of ECE R90 vehicle regulations, which contain several revised mandates for performance, specific designs, and construction requirements across the EU, Africa, and Asia Pacific, for the labelling of automotive brake components.
These labelling initiatives for automotive brake components ensure the same performances that is in the tolerance limits of original vehicles. This is expected to offset the impact of forged products on the market for automotive brake components, thereby supporting market growth.
This aspect is estimated to drive market growth by around 25% through 2032.
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Region-wise Insights
Why Does North America Account for Highest Demand for Automotive Brake Components?
The North America automotive brake components market accounts for the largest market share of 26.1%.
The region has stricter emission norms with regards to filtration. Moreover, key manufacturers of automotive braking systems are focusing on tapping into untouched and new vehicle segments. They are also focusing on introducing advanced automotive brake components in order to gain a larger market pie, wider consumer base, and high margins.
Thus, the regional market is projected to expand at a CAGR of 4.4% over the forecast years.
Will Automotive Brake Component Suppliers Gain Profits in East Asia and South Asia & Oceania?
The East Asia and South Asia & Oceania automotive brake components markets hold 21.2% and 19.9% share, respectively.
Emerging economies in East Asia and South Asia & Oceania present significant opportunities on the back of growth in domestic automotive sectors, which is also witnessing significant increase in investments and research and development along with a massive technological shift.
Moreover, both these regions are considered as major sourcing hubs by OEMs for automotive brake components and overall auto components, and can be leveraged for opportunities. Key market players are looking for joint ventures, partnerships, and acquisitions for this purpose.
Category-wise Insights
Will There Be Higher Consumption of Disc Brakes or Disc Drums?
Automotive brake components are available under different product types, such as disc brakes and drum brakes. Among them, disc brakes contribute 56.4% to the automotive brake components market share. The segment is projected to expand at a CAGR of 4.5%.
Disc brakes use lubricants for operational efficiency and effective functioning of the components, making them more attractive than drum brake systems that have high replacement rates. Disc brakes are gaining immense traction and are impacting the adoption of conventional braking systems.
Which Sales Channel Will Account for Higher Sales of Automotive Brake Components?
Sales via OEMs account for 53.9% of the overall market share, and are projected to increase at a CAGR of 4.5% through 2032.
OEMs are investing in research and developmental activities, striving for new technologies for advanced braking components. Sales are estimated to remain high as OEMs continue their focus on offering efficient automotive brake components with designs that offer high durability, thereby driving market demand for automotive brake components.
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Top Companies in Automotive Brake Components Market
The global market for automotive brake components is extremely fragmented and competitive due to the presence of numerous regional players. Mergers and acquisitions, expansions, collaborations, and partnerships are the way to move ahead.
New product development is also being adopted by major companies to expand their market presence.
- NRS Brakes Company, in 2019, launched the galvanized-based brake pads product line, which provides protection from rust to all brake parts, including the automotive brake rotors and calipers.
- ZF Friedrichshafen AG, in 2020, launched an electric park brake, wherein, car manufacturers can perform interior designing, and advanced braking system can be installed in small vehicles.
- Veoneer, in 2020, announced an agreement to divert its U.S. brake control business to ZF Friedrichshafen AG under its market expansion plan.
Fact.MR has provided detailed information about the price points of key manufacturers of automotive brake components positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Automotive Brake Components Industry Survey by Category
-
Automotive Brake Components Market by Product Type:
- Disc Brakes
- Drum Brakes
-
Automotive Brake Components Market by Vehicle:
- Passenger Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
-
Automotive Brake Components Market by Sales Channel:
- OEM
- Aftermarket
-
Automotive Brake Components Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Value Chain Analysis
- 6. Global Market Volume 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 7. Global Market Pricing Analysis
- 8. Global Market Value 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 9. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Product Type
- 9.1. Disc Brakes
- 9.2. Drum Brakes
- 10. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Vehicle Type
- 10.1. Passenger Vehicles Automotive Brake Components
- 10.2. Light Commercial Vehicles Automotive Brake Components
- 10.3. Heavy Commercial Vehicles Automotive Brake Components
- 11. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Sales Channel
- 11.1. OEM
- 11.2. Aftermarket
- 12. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. East Asia
- 12.5. South Asia & Oceania
- 12.6. Middle East and Africa (MEA)
- 13. North America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 14. Latin America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 15. Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 16. East Asia Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 17. South Asia & Oceania Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 18. Middle East and Africa (MEA) Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 19. Key Countries Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Wabco Holdings Inc.
- 21.2. Knorr Bremse AG
- 21.3. Mando Corporation
- 21.4. Aisin Seiki Co. Ltd.
- 21.5. Akebono Brake Industry Company Ltd.
- 21.6. Brembo S.p.A
- 21.7. Daimler AG
- 21.8. ZF Friedrichshafen AG
- 21.9. DAKO to CZ
- 21.10. Robert Bosch GmbH
- 21.11. Continental AG
- 21.12. ASK Automotive Pvt. Ltd.
- 22. Assumptions & Acronyms Used
- 23. Research Methodology
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List Of Table
Table 1: Global Market Value (USD Billion) and Forecast by Region, 2017 to 2021
Table 2: Global Market Value (USD Billion) and Forecast by Region, 2022 to 2032
Table 3: Global Market Volume (Units) and Forecast by Region, 2017 to 2021
Table 4: Global Market Volume (Units) and Forecast by Region, 2022 to 2032
Table 5: Global Market Value (USD Billion) and Forecast by Product Type, 2017 to 2021
Table 6: Global Market Value (USD Billion) and Forecast by Product Type, 2022 to 2032
Table 7: Global Market Volume (Units) and Forecast by Product Type, 2017 to 2021
Table 8: Global Market Volume (Units) and Forecast by Product Type, 2022 to 2032
Table 9: Global Market Value (USD Billion) and Forecast by Vehicle Type, 2017 to 2021
Table 10: Global Market Value (USD Billion) and Forecast by Vehicle Type, 2022 to 2032
Table 11: Global Market Volume (Units) and Forecast by Vehicle Type, 2017 to 2021
Table 12: Global Market Volume (Units) and Forecast by Vehicle Type, 2022 to 2032
Table 13: Global Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 14: Global Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 15: Global Market Volume (Units) and Forecast by Sales Channel, 2017 to 2021
Table 16: Global Market Volume (Units) and Forecast by Sales Channel, 2022 to 2032
Table 17: North America Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 18: North America Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 19: North America Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 20: North America Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 21: North America Market Value (USD Billion) and Forecast by Product Type, 2017 to 2021
Table 22: North America Market Value (USD Billion) and Forecast by Product Type, 2022 to 2032
Table 23: North America Market Volume (Units) and Forecast by Product Type, 2017 to 2021
Table 24: North America Market Volume (Units) and Forecast by Product Type, 2022 to 2032
Table 25: North America Market Value (USD Billion) and Forecast by Vehicle Type, 2017 to 2021
Table 26: North America Market Value (USD Billion) and Forecast by Vehicle Type, 2022 to 2032
Table 27: North America Market Volume (Units) and Forecast by Vehicle Type, 2017 to 2021
Table 28: North America Market Volume (Units) and Forecast by Vehicle Type, 2022 to 2032
Table 29: North America Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 30: North America Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 31: North America Market Volume (Units) and Forecast by Sales Channel, 2017 to 2021
Table 32: North America Market Volume (Units) and Forecast by Sales Channel, 2022 to 2032
Table 33: Latin America Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 34: Latin America Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 35: Latin America Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 36: Latin America Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 37: Latin America Market Value (USD Billion) and Forecast by Product Type, 2017 to 2021
Table 38: Latin America Market Value (USD Billion) and Forecast by Product Type, 2022 to 2032
Table 39: Latin America Market Volume (Units) and Forecast by Product Type, 2017 to 2021
Table 40: Latin America Market Volume (Units) and Forecast by Product Type, 2022 to 2032
Table 41: Latin America Market Value (USD Billion) and Forecast by Vehicle Type, 2017 to 2021
Table 42: Latin America Market Value (USD Billion) and Forecast by Vehicle Type, 2022 to 2032
Table 43: Latin America Market Volume (Units) and Forecast by Vehicle Type, 2017 to 2021
Table 44: Latin America Market Volume (Units) and Forecast by Vehicle Type, 2022 to 2032
Table 45: Latin America Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 46: Latin America Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 47: Latin America Market Volume (Units) and Forecast by Sales Channel, 2017 to 2021
Table 48: Latin America Market Volume (Units) and Forecast by Sales Channel, 2022 to 2032
Table 49: Europe Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 50: Europe Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 51: Europe Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 52: Europe Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 53: Europe Market Value (USD Billion) and Forecast by Product Type, 2017 to 2021
Table 54: Europe Market Value (USD Billion) and Forecast by Product Type, 2022 to 2032
Table 55: Europe Market Volume (Units) and Forecast by Product Type, 2017 to 2021
Table 56: Europe Market Volume (Units) and Forecast by Product Type, 2022 to 2032
Table 57: Europe Market Value (USD Billion) and Forecast by Vehicle Type, 2017 to 2021
Table 58: Europe Market Value (USD Billion) and Forecast by Vehicle Type, 2022 to 2032
Table 59: Europe Market Volume (Units) and Forecast by Vehicle Type, 2017 to 2021
Table 60: Europe Market Volume (Units) and Forecast by Vehicle Type, 2022 to 2032
Table 61: Europe Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 62: Europe Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 63: Europe Market Volume (Units) and Forecast by Sales Channel, 2017 to 2021
Table 64: Europe Market Volume (Units) and Forecast by Sales Channel, 2022 to 2032
Table 65: East Asia Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 66: East Asia Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 67: East Asia Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 68: East Asia Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 69: East Asia Market Value (USD Billion) and Forecast by Product Type, 2017 to 2021
Table 70: East Asia Market Value (USD Billion) and Forecast by Product Type, 2022 to 2032
Table 71: East Asia Market Volume (Units) and Forecast by Product Type, 2017 to 2021
Table 72: East Asia Market Volume (Units) and Forecast by Product Type, 2022 to 2032
Table 73: East Asia Market Value (USD Billion) and Forecast by Vehicle Type, 2017 to 2021
Table 74: East Asia Market Value (USD Billion) and Forecast by Vehicle Type, 2022 to 2032
Table 75: East Asia Market Volume (Units) and Forecast by Vehicle Type, 2017 to 2021
Table 76: East Asia Market Volume (Units) and Forecast by Vehicle Type, 2022 to 2032
Table 77: East Asia Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 78: East Asia Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 79: East Asia Market Volume (Units) and Forecast by Sales Channel, 2017 to 2021
Table 80: East Asia Market Volume (Units) and Forecast by Sales Channel, 2022 to 2032
Table 81: South Asia & Oceania Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 82: South Asia & Oceania Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 83: South Asia & Oceania Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 84: South Asia & Oceania Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 85: South Asia & Oceania Market Value (USD Billion) and Forecast by Product Type, 2017 to 2021
Table 86: South Asia & Oceania Market Value (USD Billion) and Forecast by Product Type, 2022 to 2032
Table 87: South Asia & Oceania Market Volume (Units) and Forecast by Product Type, 2017 to 2021
Table 88: South Asia & Oceania Market Volume (Units) and Forecast by Product Type, 2022 to 2032
Table 89: South Asia & Oceania Market Value (USD Billion) and Forecast by Vehicle Type, 2017 to 2021
Table 90: South Asia & Oceania Market Value (USD Billion) and Forecast by Vehicle Type, 2022 to 2032
Table 91: South Asia & Oceania Market Volume (Units) and Forecast by Vehicle Type, 2017 to 2021
Table 92: South Asia & Oceania Market Volume (Units) and Forecast by Vehicle Type, 2022 to 2032
Table 93: South Asia & Oceania Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 94: South Asia & Oceania Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 95: South Asia & Oceania Market Volume (Units) and Forecast by Sales Channel, 2017 to 2021
Table 96: South Asia & Oceania Market Volume (Units) and Forecast by Sales Channel, 2022 to 2032
Table 97: MEA Market Value (USD Billion) and Forecast by Country, 2017 to 2021
Table 98: MEA Market Value (USD Billion) and Forecast by Country, 2022 to 2032
Table 99: MEA Market Volume (Units) and Forecast by Country, 2017 to 2021
Table 100: MEA Market Volume (Units) and Forecast by Country, 2022 to 2032
Table 101: MEA Market Value (USD Billion) and Forecast by Product Type, 2017 to 2021
Table 102: MEA Market Value (USD Billion) and Forecast by Product Type, 2022 to 2032
Table 103: MEA Market Volume (Units) and Forecast by Product Type, 2017 to 2021
Table 104: MEA Market Volume (Units) and Forecast by Product Type, 2022 to 2032
Table 105: MEA Market Value (USD Billion) and Forecast by Vehicle Type, 2017 to 2021
Table 106: MEA Market Value (USD Billion) and Forecast by Vehicle Type, 2022 to 2032
Table 107: MEA Market Volume (Units) and Forecast by Vehicle Type, 2017 to 2021
Table 108: MEA Market Volume (Units) and Forecast by Vehicle Type, 2022 to 2032
Table 109: MEA Market Value (USD Billion) and Forecast by Sales Channel, 2017 to 2021
Table 110: MEA Market Value (USD Billion) and Forecast by Sales Channel, 2022 to 2032
Table 111: MEA Market Volume (Units) and Forecast by Sales Channel, 2017 to 2021
Table 112: MEA Market Volume (Units) and Forecast by Sales Channel, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (USD Billion) and Volume (Units) Forecast, 2022 to 2032
Figure 2: Global Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 3: Global Market Value (USD Billion) and Volume (Units) by Region, 2022 to 2032
Figure 4: Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 5: Global Market Value (USD Billion) and Volume (Units) by Product Type, 2022 to 2032
Figure 6: Global Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 7: Global Market Value (USD Billion) and Volume (Units) by Vehicle Type, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth Rate by Vehicle Type, 2022 to 2032
Figure 9: Global Market Value (USD Billion) and Volume (Units) by Sales Channel, 2022 to 2032
Figure 10: Global Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 11: North America Market Value (USD Billion) and Volume (Units) Forecast, 2022 to 2032
Figure 12: North America Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 13: North America Market Value (USD Billion) and Volume (Units) by Country, 2022 to 2032
Figure 14: North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 15: North America Market Value (USD Billion) and Volume (Units) by Product Type, 2022 to 2032
Figure 16: North America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 17: North America Market Value (USD Billion) and Volume (Units) by Vehicle Type, 2022 to 2032
Figure 18: North America Market Y-o-Y Growth Rate by Vehicle Type, 2022 to 2032
Figure 19: North America Market Value (USD Billion) and Volume (Units) by Sales Channel, 2022 to 2032
Figure 20: North America Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 21: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 25: Latin America Market Value (USD Billion) and Volume (Units) Forecast, 2022 to 2032
Figure 26: Latin America Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 27: Latin America Market Value (USD Billion) and Volume (Units) by Country, 2022 to 2032
Figure 28: Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 29: Latin America Market Value (USD Billion) and Volume (Units) by Product Type, 2022 to 2032
Figure 30: Latin America Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 31: Latin America Market Value (USD Billion) and Volume (Units) by Vehicle Type, 2022 to 2032
Figure 32: Latin America Market Y-o-Y Growth Rate by Vehicle Type, 2022 to 2032
Figure 33: Latin America Market Value (USD Billion) and Volume (Units) by Sales Channel, 2022 to 2032
Figure 34: Latin America Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 35: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 36: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 37: Latin America Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 38: Latin America Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 39: Europe Market Value (USD Billion) and Volume (Units) Forecast, 2022 to 2032
Figure 40: Europe Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 41: Europe Market Value (USD Billion) and Volume (Units) by Country, 2022 to 2032
Figure 42: Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 43: Europe Market Value (USD Billion) and Volume (Units) by Product Type, 2022 to 2032
Figure 44: Europe Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 45: Europe Market Value (USD Billion) and Volume (Units) by Vehicle Type, 2022 to 2032
Figure 46: Europe Market Y-o-Y Growth Rate by Vehicle Type, 2022 to 2032
Figure 47: Europe Market Value (USD Billion) and Volume (Units) by Sales Channel, 2022 to 2032
Figure 48: Europe Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 49: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 50: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 51: Europe Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 52: Europe Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 53: East Asia Market Value (USD Billion) and Volume (Units) Forecast, 2022 to 2032
Figure 54: East Asia Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 55: East Asia Market Value (USD Billion) and Volume (Units) by Country, 2022 to 2032
Figure 56: East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57: East Asia Market Value (USD Billion) and Volume (Units) by Product Type, 2022 to 2032
Figure 58: East Asia Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 59: East Asia Market Value (USD Billion) and Volume (Units) by Vehicle Type, 2022 to 2032
Figure 60: East Asia Market Y-o-Y Growth Rate by Vehicle Type, 2022 to 2032
Figure 61: East Asia Market Value (USD Billion) and Volume (Units) by Sales Channel, 2022 to 2032
Figure 62: East Asia Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 63: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 64: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 65: East Asia Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 66: East Asia Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 67: South Asia to Oceania Market Value (USD Billion) and Volume (Units) Forecast, 2022 to 2032
Figure 68: South Asia to Oceania Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 69: South Asia to Oceania Market Value (USD Billion) and Volume (Units) by Country, 2022 to 2032
Figure 70: South Asia to Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 71: South Asia to Oceania Market Value (USD Billion) and Volume (Units) by Product Type, 2022 to 2032
Figure 72: South Asia to Oceania Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 73: South Asia to Oceania Market Value (USD Billion) and Volume (Units) by Vehicle Type, 2022 to 2032
Figure 74: South Asia to Oceania Market Y-o-Y Growth Rate by Vehicle Type, 2022 to 2032
Figure 75: South Asia to Oceania Market Value (USD Billion) and Volume (Units) by Sales Channel, 2022 to 2032
Figure 76: South Asia to Oceania Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 77: South Asia to Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 78: South Asia to Oceania Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 79: South Asia to Oceania Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 80: South Asia to Oceania Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Figure 81: MEA Market Value (USD Billion) and Volume (Units) Forecast, 2022 to 2032
Figure 82: MEA Market Absolute $ Opportunity (USD Billion), 2022 to 2032
Figure 83: MEA Market Value (USD Billion) and Volume (Units) by Country, 2022 to 2032
Figure 84: MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 85: MEA Market Value (USD Billion) and Volume (Units) by Product Type, 2022 to 2032
Figure 86: MEA Market Y-o-Y Growth Rate by Product Type, 2022 to 2032
Figure 87: MEA Market Value (USD Billion) and Volume (Units) by Vehicle Type, 2022 to 2032
Figure 88: MEA Market Y-o-Y Growth Rate by Vehicle Type, 2022 to 2032
Figure 89: MEA Market Value (USD Billion) and Volume (Units) by Sales Channel, 2022 to 2032
Figure 90: MEA Market Y-o-Y Growth Rate by Sales Channel, 2022 to 2032
Figure 91: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 92: MEA Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 93: MEA Market Attractiveness Analysis by Vehicle Type, 2022 to 2032
Figure 94: MEA Market Attractiveness Analysis by Sales Channel, 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What valuation does the global automotive brake components market enjoy at present?
The global automotive brake components market is worth US$ 49.9 billion at present.
How is demand for automotive brake components expected to pan out going forward?
Sales of automotive brake components are anticipated to reach US$ 75.6 billion by 2032.
How has this market performed historically?
Over the last 5 years, the global market for automotive braking systems increased at 2.8% CAGR.
Which automotive brake component suppliers lead the market?
Prominent automotive brake component manufacturers are Wabco Holdings Inc., Knorr Bremse AG, Mando Corporation, Aisin Seiki Co. Ltd., and Akebono Brake Industry Company Ltd.
How is the North America automotive brake components market shaping up?
North America leads global demand for automotive brake components, accounting for 26.1% market share.
Which product type drives most sales in this industry?
Disc brakes account for 56.4% share in the global market.
Automotive Brake Components Market