Global Automotive Brake Components Aftermarket 2020-2024

Global Automotive Brake Components Aftermarket 2020-2024

Technavio has been monitoring the automotive brake components aftermarket and it is poised to grow by $ 6.27 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on automotive brake components aftermarket provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing number of parc vehicles and demand for automotive aftermarket components.

The automotive brake components aftermarket market analysis includes product segment and geographical landscape.

Technavio's automotive brake components aftermarket is segmented as below:

By Product

• Brake pads
• Brake shoes
• Brake calipers
• Brake rotors
• Brake drums
• Brake hoses

By Geographic Landscapes

• APAC
• Europe
• North America
• MEA
• South America

This study identifies the government measures to enhance the safety features in a vehicle as one of the prime reasons driving the automotive brake components aftermarket growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our automotive brake components aftermarket covers the following areas:

• Automotive brake components aftermarket sizing
• Automotive brake components aftermarket forecast
• Automotive brake components aftermarket industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive brake components aftermarket vendors that include Akebono Brake Industry Co. Ltd., APC Automotive Technologies LLC, Brembo Spa, Delphi Technologies Plc, Hyundai Motor Co., Nisshinbo Holdings Inc., Robert Bosch GmbH, Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG. Also, the automotive brake components aftermarket analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.