Automotive Aftermarket for Brake Parts in North America - Demand and Sales Forecasts, Market Share, Market Size, Market Leaders

Automotive Aftermarket for Brake Parts in North America - Industry Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

Aftermarket demand for automotive brake parts in North America will rise 2.6% annually to $4.3 billion in 2021. The US will still account for nearly four-fifths of all brake part sales gains in value terms, based on its large and aging light vehicle park, though Mexico will pose the fastest growth. Shoes, pads and linings will register the biggest gains in value terms. A trend away from the installation of brake drums by OEMs will lead to a shift in the product mix, hurting demand for brake shoes and drums.

This Freedonia industry study assesses the North American automotive brakes aftermarket, offering historical demand data plus forecasts for 2021 by country (US, Canada, Mexico), product (shoes, pads and linings; rotors, cylinders and calipers, drums, ABS-related parts, other) and performer (professional, consumer/DIY). In addition, the study evaluates company market share and analyzes on industry participants including Akebono Brake Industry, Brake Parts, Brembo, CARDONE Industries, Continental, CWD, Centric Parts, Federal-Mogul, MAT Holdings, and Power Stop.

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Table of Contents

EXECUTIVE SUMMARY

KEY MARKET FACTORS

Key Findings

Light Motor Vehicles in Use by Country

United States

Canada

Mexico

Competitive Forces in the Automotive Aftermarket

Vehicle Trends

Quality Improvements

Technological Improvements

Share of US Population Performing or Purchasing Automotive Maintenance or Repair Services

Annual Mileage

Total Annual Mileage

Average Annual Mileage

Average Vehicle Age

Accident Rates

Pricing Trends

Technology & Materials

Legal & Regulatory Factors

Hazardous Materials Regulation

Safety Regulations

Other Regulations

North American Foreign Trade

DEMAND BY COUNTRY

Key Findings

Regional Forecasts

United States

Canada

Mexico

DEMAND BY PRODUCT

Key Findings

Demand by Product Type

Product Forecasts

Brake Part Suppliers

Shoes, Pads, & Linings

Growth Prospects by Country

Other Drivers of Demand

Rotors

Cylinders & Calipers

Drums

ABS-Related Parts

Other Brake Parts

DEMAND BY PERFORMER

Key Findings

Performer Forecasts

Professional

Garages & Service Stations

Specialists

Automobile Dealerships

Other

Consumer/DIY

INDUSTRY STRUCTURE

Key Findings

Industry Composition

Market Share

Product Development & Manufacturing

New Product Development

Manufacturing

Production Shift to Mexico

Product Remanufacturing

Marketing

Distribution

Cooperative Agreements

Acquisitions & Divestitures

List of Industry Participants

APPENDIX

Scope

Methodology

Sources

Related Freedonia Group Studies

Definitions

Abbreviations

Macroeconomic Assumptions

Economic Outlook by Country

United States

Canada

Mexico

Light Vehicle Demand & Vehicles in Use by Country

United States

Canada

Mexico

Light Vehicle Production by Country

United States

Canada

Mexico

List of Tables

KEY MARKET FACTORS

Table 2-1 | North America: Automotive Brake Parts Price Deflators, 2006 - 2021 (2009=100)

DEMAND BY COUNTRY

Table 3-1 | North America: Automotive Brakes Parts Aftermarket Demand by Country, 2006 - 2021 (million dollars)

Table 3-2 | United States: Automotive Brake Parts Aftermarket Demand by Product, 2006 - 2021 (million dollars)

Table 3-3 | Canada: Automotive Brake Parts Aftermarket Demand by Product, 2006 - 2021 (million US dollars)

Table 3-4 | Mexico: Automotive Brake Parts Aftermarket Demand by Product, 2006 - 2021 (million US dollars)

DEMAND BY PRODUCT

Table 4-1 | Automotive Brake Part Aftermarket Demand in North America by Product, 2006 - 2021 (million dollars)

Table 4-2 | Selected Brake Part Products by Producer & Major Brand Name

Table 4-3 | Automotive Brake Shoe, Pad, & Lining Aftermarket Demand in North America by Country, 2006 - 2021 (million dollars)

Table 4-4 | Automotive Rotor Aftermarket Demand in North America by Country, 2006 - 2021 (million dollars)

Table 4-5 | Automotive Cylinder & Caliper Aftermarket Demand in North America by Country, 2006 - 2021 (million dollars)

Table 4-6 | Automotive Brake Drum Aftermarket Demand in North America by Country, 2006 - 2021 (million dollars)

Table 4-7 | Automotive ABS-Related Part Aftermarket Demand in North America by Country, 2006 - 2021 (million dollars)

Table 4-8 | Other Automotive Brake Part Aftermarket Demand in North America by Country, 2006 - 2021 (million dollars)

DEMAND BY PERFORMER

Table 5-1 | Automotive Brake Parts Aftermarket Demand in North America by Service Performer, 2006 - 2021 (million dollars)

Table 5-2 | Professional Automotive Brake Parts Aftermarket Demand in North America by Performer, 2006 - 2021 (million dollars)

Table 5-3 | Selected Professional Brake Product Brands by Producer & Major Brand Name

Table 5-4 | Garage & Service Station Automotive Brake Parts Aftermarket Demand in North America, 2006 - 2021 (million dollars)

Table 5-5 | Specialist Automotive Brake Parts Aftermarket Demand in North America, 2006 - 2021 (million dollars)

Table 5-6 | Automobile Dealership Brake Parts Aftermarket Demand in North America, 2006 - 2021 (million dollars)

Table 5-7 | Other Professional Performer Automotive Brake Parts Aftermarket Demand in North America, 2006 - 2021 (million dollars)

Table 5-8 | Consumer/DIY Automotive Brake Parts Aftermarket Demand in North America, 2006 - 2021 (million dollars)

Table 5-9 | Selected Consumer Brake Product Brands by Producer & Major Brand Name

INDUSTRY STRUCTURE

Table 6-1 | North America: Automotive Brake Part Aftermarket Sales by Company, 2016 (million dollars)

Table 6-2 | Major Distribution Outlets for Automotive Brake Aftermarket Products

Table 6-3 | Selected Acquisitions & Divestitures

APPENDIX

Table 7-1 | Study Scope: Automotive Brake Parts

Table 7-2 | Relevant NAICS Codes (2012)

Table 7-3 | Relevant HS Codes

Table 7-4 | Abbreviations & Acronyms Used in Study

Table 7-5 | North America: Macroeconomic Environment, 2006 - 2021 (billion 2015 dollars)

Table 7-6 | United States: Macroeconomic Environment, 2006 - 2021 (billion 2015 dollars)

Table 7-7 | Canada: Macroeconomic Environment, 2006 - 2021 (billion 2015 US dollars)

Table 7-8 | Mexico: Macroeconomic Environment, 2006 - 2021 (billion 2015 US dollars)

Table 7-9 | North America: Light Vehicle Market, 2006 - 2021 (000 units)

Table 7-10 | United States: Light Vehicle Outlook, 2006 - 2021 (000 units)

Table 7-11 | Canada: Light Vehicle Outlook, 2006 - 2021 (000 units)

Table 7-12 | Mexico: Light Vehicle Outlook, 2006 - 2021 (000 units)

List of Charts

EXECUTIVE SUMMARY

Figure 1-1 | North American Brake Parts Aftermarket

KEY MARKET FACTORS

Figure 2-1 | Key Market Factors in North American Brake Parts Aftermarket

Figure 2-2 | North America: Light Vehicles in Use, 2016 (million units)

Figure 2-3 | Percent of US Population Performing or Purchasing Automotive Maintenance/Repair Services in the Past 12 Months, 2006-2016

Figure 2-4 | North America: Light Vehicle Miles Traveled, 2006-2016 (million miles)

Figure 2-5 | North America: Average Gas Prices, 2006-2016 (US$/gallon)

Figure 2-6 | North America: Average Number of Miles Traveled per Light Vehicle, 2006-2016 (000 miles)

Figure 2-7 | North America: Average Light Vehicle Age, 2006-2016 (years)

Figure 2-8 | North America: Number of Light Vehicles Involved in Accidents, 2006-2016 (Index, 2006=100)

Figure 2-9 | North America: Light Vehicle Accidents per Thousand Miles Driven, 2006-2016

Figure 2-10 | North America: CAGR in Price Deflators for Automotive Brake Parts, 2006 - 2021 (% CAGR)

Figure 2-11 | North America: Brake & Brake Part Imports by Country (million US$)

DEMAND BY COUNTRY

Figure 3-1 | Key Trends in North American Automotive Brake Part Aftermarket by Country

Figure 3-2 | North America: Automotive Brake Part Aftermarket Demand by Country, 2016 (billion dollars)

Figure 3-3 | North America: Automotive Aftermarket Dollar Spending per Vehicle in Use by Country, 2006-2016

DEMAND BY PRODUCT

Figure 4-1 | Key Trends in North American Brake Part Aftermarket by Product

Figure 4-2 | Automotive Brake Parts Aftermarket Demand in North America by Product, 2016 (billion dollars)

DEMAND BY PERFORMER

Figure 5-1 | North American Brake Parts Aftermarket by Performer, 2016

Figure 5-2 | Automotive Brake Parts Aftermarket Demand in North America by Service Performer, 2016 (billion dollars)

INDUSTRY STRUCTURE

Figure 6-1 | North America: Automotive Brake Part Aftermarket Market Share, 2016

Figure 6-2 | North American Brake Parts Aftermarket: First Leading Supplier

Figure 6-3 | North American Brake Parts Aftermarket: Second Leading Supplier

Figure 6-4 | North American Brake Parts Aftermarket: Third Leading Supplier

Figure 6-5 | North American Brake Parts Aftermarket: Fourth Leading Supplier

APPENDIX

Figure 7-1 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980-2005 Average (percent)

Figure 7-2 | United States: Light Vehicle Production, 2016 (million units)

Figure 7-3 | Canada: Light Vehicle Production, 2016 (million units)

Figure 7-4 | Mexico: Light Vehicle Production, 2016 (million units)

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