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Automotive Brake System & Components Market: Heavy Commercial Vehicle Segment Likely to Witness a Stagnant Market During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2017-2027

Automotive Brake System & Components Market: Heavy Commercial Vehicle Segment Likely to Witness a Stagnant Market During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2017-2027

Passenger Car segment is expected to witness steady growth during the forecast period

The market for passenger cars is expected to show good growth during the forecast period. The passenger car vehicle type segment in the global brake components market is estimated to account for more than 70% value share in 2017 and is expected to gain more than 200 basis points to reach approximately 74% value share by 2027. This gain can be attributed to an increase in the production and sales of passenger vehicles in developing countries and increasing vehicle parc across the world. The passenger car segment is projected to increase at Y-o-Y growth rates ranging from 3.7% to 4.7% during the forecast period. This segment is expected to exhibit a CAGR of 4.4% over the forecast period. The passenger car segment was valued at more than US$ 40 Bn in 2016 and is expected to represent incremental $ opportunity of more than US$ 25 Bn between 2016 and 2027. This segment is slated to be valued at around US$ 68 Bn by 2027.

Growing demand for luxury and high performance cars expected to boost revenue growth of the passenger car segment

The automotive brake system & components market is contributing to the growth in sales of luxury and high-end cars, both in the OEM & aftermarket channels. High speed and raw power define high performance of these cars, which is why these cars require a robust safety system. The most crucial element of their safety system is the braking system. With growing sales of SUVs, luxury and sports models, customers not only look for performance but want their vehicles to be equipped with advanced technologies so as to ensure the safety of occupants while driving. This increasing demand for safety systems in luxury cars is driving the growth of the passenger car segment in the global automotive brake system & components market.

Governments across geographies have made numerous efforts to divert the attention of vehicle owners towards vehicle safety, either through imposing regulations or through publicity and promotion. Such activities across the globe are expected to turn customer focus towards equipping vehicles with robust safety systems and updating them during the operational life of the vehicle. This in turn will not only boost the sales of brake systems and related components but also drive the passenger car segment growth.

The significant use of passenger cars is also boosting the global automotive brake system & components market. With consumers’ interest in passenger cars equipped with novel safety technologies, government schemes and regulations boosting deployment of advanced technologies in commercial vehicles and the integration of electronics is expected to significantly drive market growth over the forecast period.

Market value share of the passenger car segment is expected to grow further during the forecast period in North America

The passenger car segment in the North America automotive brake system & components market was valued at US$ 5,566 Mn in 2016 and is anticipated to increase at a CAGR of 5% during the forecast period to be valued in excess of US$ 9000 Mn by 2027. This gain can be attributed to changing preferences of customers in this region. The passenger car segment in the Latin America automotive brake system & components market is expected to hold close to 60% value share by 2027. In the APEJ automotive brake system & components market, the passenger car segment is estimated to account for a market value share of more than 80% in 2017. The passenger car segment is expected to gain 280 BPS by 2027 as compared to 2017, making it a highly attractive segment by vehicle type in the APEJ automotive brake system & components market.


1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Global Automotive Brake Components Market Analysis Scenario
3.1. Market Volume Analysis
3.1.1. Market Volume Forecast (‘000 Units), 2016–2027
3.1.2. Lifecycle Analysis
3.2. Pricing Analysis
3.2.1. Regional Weighted Average Price by OEM, 2016
3.2.2. Regional Weighted Average Price by Aftermarket, 2016
3.3. Market Value Analysis
3.3.1. Market Value Forecast (US$ Mn), 2016–2027
3.3.2. Market Absolute $ Opportunity, 2016–2027
4. Market Overview
4.1. Component Supplier
4.2. Manufacturer
4.3. Distributors / Retailers
5. Market Dynamics
5.1. Macroeconomic Factors
5.1.1. Global Vehicle Sales Y-o-Y Growth
5.1.2. Global Vehicle Parc (‘000 Units)
5.1.3. Global Vehicle Production (‘000 Units)
5.2. Drivers
5.2.1. Supply Side Drivers
5.2.2. Demand Side Drivers
5.3. Restraints
5.4. Forecast Factors – Relevance and Impact
6. Global Automotive Brake Components Market Analysis and Forecast By Sales Channel, 2017-2027
6.1. Introduction
6.1.1. BPS Analysis By Sales Channel
6.1.2. Y-o-Y Growth Comparison By Sales Channel
6.1.3. Absolute $ Opportunity By Sales Channel
6.2. Market Value (US$ Mn) and Volume(‘000 Units) Forecast By Sales Channel
6.2.1. OEM
6.2.1.1. Disc Brake
6.2.1.2. Drum Brake
6.2.2. Aftermarket
6.2.2.1. Brake Booster
6.2.2.2. Master Cylinder
6.2.2.3. Drum Brake
6.2.2.3.1. Drum
6.2.2.3.2. Brake Shoe
6.2.2.3.3. Wheel Cylinder
6.2.2.4. Disc Brake
6.2.2.4.1. Rotor
6.2.2.4.2. Caliper
6.2.2.4.3. Brake Pad
6.3. Market Attractiveness Index By Sales channel
7. Global Automotive Brake Components Market Analysis and Forecast By vehicle Type, 2017-2027
7.1. Introduction
7.1.1. BPS Analysis By Vehicle Type
7.1.2. Y-o-Y Growth Comparison By Vehicle Type
7.1.3. Absolute $ Opportunity By Vehicle Type
7.2. Market Value (US$ Mn) and Volume(‘000 Units) Forecast By Vehicle Type
7.2.1. Passenger Vehicle
7.2.2. Light Commercial Vehicle
7.2.3. Heavy Commercial Vehicle
7.3. Market Attractiveness Index By Sales channel
8. Global Automotive Brake Components Market Analysis and Forecast By Region, 2017-2027
8.1. Introduction
8.1.1. BPS Analysis By Region
8.1.2. Y-o-Y Growth Comparison By Region
8.1.3. Absolute $ Opportunity By Region
8.2. Market Value (US$ Mn) and Volume(‘000 Units) Forecast By region
8.2.1. North America
8.2.2. Latin America
8.2.3. Western Europe
8.2.4. Eastern Europe
8.2.5. APEJ
8.2.6. Japan
8.2.7. MAE
8.3. Market Attractiveness Index By Region
9. North America Automotive Brake Components Market Analysis and Forecast, 2017-2027
9.1. Introduction
9.1.1. BPS Analysis
9.1.1.1. By Country
9.1.1.2. Sales Channel
9.1.1.3. Vehicle Type
9.1.2. Y-o-Y Growth Comparison
9.1.2.1. By Country
9.1.2.2. Sales Channel
9.1.2.3. Vehicle Type
9.1.3. Absolute $ Opportunity
9.1.3.1. By Country
9.1.3.2. Sales Channel
9.1.3.3. Vehicle Type
9.2. Market Value (US$ Mn) and Volume(‘000 Units) Forecast By Country
9.2.1. U.S.
9.2.2. Canada
9.3. Market Value (US$ Mn) and Volume(‘000 Units) Forecast Sales Channel
9.3.1. OEM
9.3.1.1. Disc brake
9.3.1.2. Drum Brake
9.3.2. Aftermarket
9.3.2.1. Brake Booster
9.3.2.2. Master Cylinder
9.3.2.3. Drum Brake
9.3.2.3.1. Drum
9.3.2.3.2. Brake Show
9.3.2.3.3. Wheel Cylinder
9.3.2.4. Disc Brake
9.3.2.4.1. Rotor
9.3.2.4.2. Caliper
9.3.2.4.3. Brake Pad
9.4. Market Value (US$ Mn) and Volume(‘000 Units ) Forecast By Vehicle Type
9.4.1. Passenger Vehicle
9.4.2. Light Commercial Vehicle
9.4.3. Heavy Commercial Vehicle
9.5. Market Attractiveness Analysis
9.5.1. By Country
9.5.2. By Sales Channel
9.5.3. By Vehicle Type
9.6. Prominent Trend
9.7. Drivers and Restraints: Impact Analysis
10. Latin America Automotive Brake Components Market Analysis and Forecast, 2017-2027
10.1. Introduction
10.1.1. BPS Analysis

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