Automobile Brakes Manufacturing in the US - Industry Market Research Report
Description
Automobile Brakes Manufacturing in the US
Automobile brake manufacturers have been dragged down by the struggles of the automotive sector in recent years. The outbreak of COVID-19 led to forced shutdowns of nonessential businesses, closing the doors for many auto-related sectors. This period of economic uncertainty led to consumer spending drying up. So, consumers were prioritizing other expenses, considering transportation wasn't needed during lockdowns. As the economy reopened, the auto sector enjoyed revitalized demand. But commodity prices soared as supplies lagged behind the rapidly recovering sector, raising both production costs and operating costs, pressuring profit and making automobiles more expensive to buy and own. Overall, industry revenue has been falling at a CAGR 8.2% to $9.6 billion over the past five years, including a drop of 0.8% in 2023 alone.
Companies in this industry manufacture and rebuild motor vehicle brake systems and related components for major US automakers and other foreign automakers that operate manufacturing operations in the United States.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Automobile brake manufacturers have been dragged down by the struggles of the automotive sector in recent years. The outbreak of COVID-19 led to forced shutdowns of nonessential businesses, closing the doors for many auto-related sectors. This period of economic uncertainty led to consumer spending drying up. So, consumers were prioritizing other expenses, considering transportation wasn't needed during lockdowns. As the economy reopened, the auto sector enjoyed revitalized demand. But commodity prices soared as supplies lagged behind the rapidly recovering sector, raising both production costs and operating costs, pressuring profit and making automobiles more expensive to buy and own. Overall, industry revenue has been falling at a CAGR 8.2% to $9.6 billion over the past five years, including a drop of 0.8% in 2023 alone.
Companies in this industry manufacture and rebuild motor vehicle brake systems and related components for major US automakers and other foreign automakers that operate manufacturing operations in the United States.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
43 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
