Global Automotive Brake Components After Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Sales;
Rotor, Caliper, Brake Pad, Drum, Brake Shoe, Wheel Cylinder, and OEM.By Vehicle Type;
Passenger Car, LCV, and HCV.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Automotive Brake Components After Market (USD Million), 2021 - 2031
In the year 2023, the Global Automotive Brake Components After Market was valued at USD 53,872.65 million. The size of this market is expected to increase to USD 71,371.28 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.
The Global Automotive Brake Components Aftermarket represents a thriving sector within the automotive industry, focusing on the distribution, sale, and installation of replacement brake components and systems for vehicles. This aftermarket segment plays a crucial role in ensuring the safety and performance of vehicles by offering a wide range of brake parts, including brake pads, rotors, calipers, brake lines, and brake fluid, among others. As vehicles undergo wear and tear over time, brake components require periodic maintenance and replacement to maintain optimal braking performance and ensure driver safety.
The automotive brake components aftermarket serves a diverse customer base, including individual vehicle owners, automotive repair shops, fleet operators, and aftermarket distributors. With an increasing emphasis on vehicle safety regulations and standards worldwide, there is a growing demand for high-quality aftermarket brake components that meet or exceed original equipment manufacturer (OEM) specifications. Additionally, advancements in brake technology, such as electronic braking systems (ABS) and regenerative braking systems, present opportunities for aftermarket manufacturers to develop innovative brake solutions that enhance performance, reliability, and efficiency.
Key drivers influencing the growth of the Global Automotive Brake Components Aftermarket include the rising vehicle parc, aging vehicle fleet, increasing vehicle miles traveled, and the growing awareness of vehicle safety among consumers. Moreover, factors such as urbanization, changing consumer lifestyles, and the expansion of e-commerce platforms have contributed to the accessibility and availability of aftermarket brake components, driving market growth further.
Global Automotive Brake Components After Market Recent Developments
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In March 2022, Nisshinbo Holdings Inc. announced to establish a joint venture company with Continental AG (Continental) in Gurgaon, Haryana, India. The newly established company may produce and sell valve blocks, which are the main component of electronic brake systems (EBS). The joint venture may be capitalized at around JPY 1.9 billion, 60% of which may be owned by Nisshinbo HD and 40% by Continental. They are planning to begin operation in April 2023.
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In November 2022, Delphi Technologies expanded its brake components aftermarket portfolio, introducing advanced brake pads and rotors with improved wear resistance and performance for a wider range of vehicle models.
Segment Analysis
Brake pads represent a significant segment within the automotive brake components aftermarket. These are essential components that undergo wear and tear over time, requiring periodic replacement to ensure optimal braking performance. The segment includes various types of brake pads, such as organic, ceramic, and semi-metallic, each offering distinct characteristics in terms of durability, performance, and noise reduction. Factors driving demand for brake pads include vehicle usage patterns, driving conditions, and consumer preferences for enhanced safety and comfort.
Brake rotors, also known as brake discs, play a crucial role in the braking system by providing the surface against which brake pads clamp to generate friction and decelerate the vehicle. In the aftermarket segment, brake rotors are available in a range of materials, including cast iron, composite, and carbon-ceramic, each offering unique benefits in terms of heat dissipation, durability, and performance. Replacement of worn or damaged brake rotors is essential to maintain braking efficiency, reduce noise and vibration, and ensure vehicle safety.
Brake calipers are hydraulic components that house the brake pads and apply pressure to the brake rotors to initiate braking action. In the aftermarket, brake calipers are available as remanufactured or refurbished units, offering cost-effective alternatives to new OEM parts. The segment includes various types of brake calipers, such as fixed and floating calipers, each featuring different designs and mechanisms for brake pad engagement and retraction. Demand for brake calipers in the aftermarket is driven by factors such as vehicle age, maintenance requirements, and consumer preferences for performance upgrades.
Brake drums are cylindrical components used in drum brake systems, primarily found in rear-wheel drive vehicles and certain light trucks. In the aftermarket, brake drums are available as replacement parts for worn or damaged units, offering compatibility with a wide range of vehicle makes and models. The segment includes various sizes and configurations of brake drums, catering to different vehicle applications and performance requirements. Factors influencing demand for brake drums include vehicle usage patterns, load capacity, and maintenance intervals.
Brake shoes are friction materials that press against the inner surface of brake drums to generate stopping force in drum brake systems. In the aftermarket segment, brake shoes are available as replacement parts for worn or damaged units, offering compatibility with a variety of vehicle applications. The segment includes different types of brake shoes, such as bonded and riveted, each featuring distinct construction methods and materials for optimal performance and durability. Demand for brake shoes is driven by factors such as vehicle age, maintenance requirements, and driving conditions.
Global Automotive Brake Components After Segment Analysis
In this report, the Global Automotive Brake Components After Market has been segmented by Sales, Vehicle Type and Geography.
Global Automotive Brake Components After Market, Segmentation by Sales
The Global Automotive Brake Components After Market has been segmented by Sales into Rotor, Caliper, Brake Pad, Drum, Brake Shoe, Wheel Cylinder and OEM.
Rotors, also known as brake discs, are critical components of disc brake systems. They provide the surface against which brake pads apply friction to slow or stop the vehicle. In the aftermarket, rotors are commonly replaced due to wear and tear, damage, or performance upgrades. The segmentation of rotors in the aftermarket allows manufacturers and retailers to assess the demand for different types, sizes, and materials of brake discs, catering to the diverse needs of vehicle owners.
Brake calipers house the brake pads and apply pressure to the rotors to generate friction and stop the vehicle. In the aftermarket, calipers may need replacement due to corrosion, leakage, or performance upgrades. Segmenting calipers in the aftermarket helps identify the demand for remanufactured or upgraded calipers, as well as aftermarket performance calipers designed to enhance braking performance and aesthetics.
Brake pads are crucial components that provide the friction surface against the rotors to decelerate the vehicle. In the aftermarket, brake pads are frequently replaced due to wear, noise, or performance upgrades. Segmenting brake pads allows aftermarket manufacturers and retailers to assess the demand for different friction materials (such as ceramic, semi-metallic, or organic) and performance levels (such as standard replacement pads or high-performance pads).
Brake drums are used in drum brake systems, typically found in the rear wheels of older vehicles or certain light-duty applications. In the aftermarket, brake drums may require replacement due to wear, corrosion, or brake system upgrades. Segmenting drums in the aftermarket helps identify the demand for various drum sizes, configurations, and materials, ensuring compatibility with different vehicle makes and models.
Brake shoes are components of drum brake systems that press against the brake drum to generate friction and slow down the vehicle. In the aftermarket, brake shoes may need replacement due to wear, contamination, or performance upgrades. Segmenting brake shoes allows aftermarket suppliers to offer a range of options, including standard replacement shoes, premium friction materials, and performance-oriented designs.
Global Automotive Brake Components After Market, Segmentation by Vehicle Type
The Global Automotive Brake Components After Market has been segmented by Vehicle Type into Passenger Car, LCV, and HCV.
Passenger cars represent the largest segment of the automotive market, comprising a wide range of vehicles designed for personal transportation. In the aftermarket, passenger cars require replacement brake components due to routine maintenance, wear and tear, or performance upgrades. Segmenting the aftermarket by passenger cars allows manufacturers and retailers to assess the demand for brake pads, rotors, calipers, and other components tailored to the specifications and braking requirements of different passenger car models. Additionally, passenger car owners may seek aftermarket brake upgrades to enhance braking performance, reduce noise, or customize their vehicles, creating opportunities for aftermarket suppliers to offer specialized products and services.
LCVs include vans, pickup trucks, and other light-duty vehicles used for commercial purposes, such as delivery services, tradespeople, and small businesses. In the aftermarket, LCVs require reliable and durable brake components to ensure safe and efficient operation during frequent stop-and-go driving conditions. Segmenting the aftermarket by LCVs allows manufacturers and retailers to address the unique braking needs and performance requirements of commercial vehicle fleets. Aftermarket suppliers may offer specialized brake solutions for LCVs, such as heavy-duty brake pads, reinforced rotors, and commercial-grade calipers, designed to withstand higher loads and extended service intervals in commercial applications.
HCVs comprise trucks, buses, and other heavy-duty vehicles used for long-haul transportation, construction, and industrial applications. In the aftermarket, HCVs demand robust and high-performance brake components capable of withstanding heavy loads, frequent braking, and harsh operating conditions. Segmenting the aftermarket by HCVs enables manufacturers and retailers to cater to the specific braking requirements of heavy commercial vehicles, including larger brake systems, air disc brakes, and advanced brake materials designed for commercial trucking fleets. Additionally, aftermarket suppliers may offer maintenance and repair services tailored to fleet operators, ensuring compliance with safety regulations and maximizing uptime and reliability for HCVs.
Global Automotive Brake Components After Market, Segmentation by Geography
In this report, the Global Automotive Brake Components After Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Automotive Brake Components After Market Share (%), by Geographical Region, 2024
The North American region comprises the United States, Canada, and Mexico. In this region, the automotive aftermarket is characterized by a large vehicle fleet, a mature automotive industry, and a strong culture of vehicle customization and performance upgrades. The aftermarket for brake components in North America benefits from a robust network of aftermarket retailers, repair shops, and e-commerce platforms catering to the diverse needs of vehicle owners.
The European region includes countries within the European Union (EU), as well as non-EU countries such as the United Kingdom, Switzerland, and Norway. Europe has a significant automotive aftermarket driven by a large vehicle parc, stringent safety regulations, and a strong emphasis on vehicle maintenance and repair. The aftermarket for brake components in Europe is characterized by a mix of OEM suppliers, aftermarket manufacturers, and independent repair shops, offering a wide range of products and services to consumers.
The Asia Pacific region encompasses countries such as China, Japan, India, South Korea, and Australia, among others. Asia Pacific is the largest automotive market globally, with rapid urbanization, rising disposable incomes, and increasing vehicle ownership driving demand for aftermarket products and services. The aftermarket for brake components in Asia Pacific benefits from a growing vehicle parc, expanding aftermarket distribution channels, and a burgeoning e-commerce ecosystem, catering to the diverse needs of consumers across the region.
The Middle East and Africa region include countries in the Middle East, such as Saudi Arabia, the United Arab Emirates (UAE), and South Africa, among others. This region has a growing automotive aftermarket driven by economic growth, urbanization, and increasing vehicle ownership. The aftermarket for brake components in the Middle East and Africa is characterized by a mix of OEM suppliers, aftermarket manufacturers, and independent repair shops, serving a diverse consumer base with varying vehicle preferences and maintenance needs.
Latin America comprises countries in Central and South America, including Brazil, Argentina, Mexico, and Chile, among others. The automotive aftermarket in Latin America is influenced by factors such as economic conditions, vehicle import policies, and consumer preferences. The aftermarket for brake components in Latin America benefits from a large vehicle parc, a growing middle class, and a thriving aftermarket distribution network, catering to the diverse needs of consumers in the region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Automotive Brake Components After Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers:
- Vehicle Parc Expansion
- DIY Repairs and Maintenance
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Aging Vehicle Fleet - Improved vehicle manufacturing techniques, advancements in automotive technology, and better maintenance practices have extended the lifespan of vehicles. As a result, many vehicles remain in operation for longer periods, leading to a larger population of aging vehicles on the roads.
Economic factors, such as fluctuations in disposable income, consumer spending patterns, and economic downturns, can influence consumers' decisions to hold onto their vehicles for longer. During economic downturns, consumers may delay purchasing new vehicles and opt to maintain and repair their existing vehicles instead, contributing to the aging of the vehicle fleet.
Changes in consumer behavior, such as the growing popularity of pre-owned vehicles and the rise of car-sharing and ride-hailing services, have also contributed to an increase in the average age of vehicles in operation. Pre-owned vehicles often require more frequent maintenance and repairs, driving aftermarket demand for brake components.
While advancements in automotive technology have improved vehicle reliability and durability, they have also led to more complex and expensive brake systems. As vehicles become more technologically advanced, the cost of OEM brake components increases, prompting some vehicle owners to turn to the aftermarket for more affordable alternatives.
Stricter regulatory standards for vehicle emissions, safety, and roadworthiness have encouraged vehicle owners to maintain their vehicles properly and replace worn-out brake components to ensure compliance. Regular vehicle inspections and maintenance checks also contribute to aftermarket demand as aging brake components are identified and replaced as necessary.
Restraints:
- Technological Advancements
- Stringent Regulatory Requirements
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Shift Towards Electric Vehicles - Electric vehicles typically utilize regenerative braking systems, which capture kinetic energy during deceleration and convert it into electrical energy to recharge the battery. Unlike traditional friction-based braking systems found in internal combustion engine vehicles, regenerative braking systems may have different components and maintenance requirements. This shift in brake system technology reduces the demand for traditional brake components in EVs, impacting aftermarket sales for these parts.
Regenerative braking systems in electric vehicles result in less wear and tear on brake components compared to conventional vehicles. The reliance on regenerative braking means that traditional brake pads and rotors experience less friction and heat generation during operation, leading to longer service intervals and reduced replacement frequency. As a result, there is a decreased demand for brake pads, rotors, and other friction components in the aftermarket segment.
Original equipment manufacturers (OEMs) often dominate the supply of brake components for electric vehicles, particularly for specialized components such as regenerative braking systems. OEMs may tightly control the distribution of these components, limiting aftermarket access and availability for independent aftermarket suppliers and retailers. This OEM dominance can constrain aftermarket sales and competition in the electric vehicle segment.
Electric vehicles incorporate advanced technologies and specialized components, including brake-by-wire systems, integrated electronic stability control, and advanced driver assistance systems (ADAS). These complex systems require specialized knowledge, tools, and equipment for maintenance and repair, limiting the ability of independent aftermarket providers to service electric vehicles. The complexity and specialization of electric vehicle brake systems present barriers to entry for aftermarket suppliers and may require significant investments in training and equipment.
Retrofitting electric vehicles with aftermarket brake components designed for conventional vehicles may not be feasible or practical due to compatibility issues and regulatory considerations. Electric vehicles are engineered with specific brake systems optimized for their unique characteristics, making it challenging to retrofit aftermarket brake components without compromising performance, safety, and regulatory compliance. This limitation reduces the aftermarket's potential to capitalize on the growing electric vehicle market.
Opportunities:
- Expansion in Emerging Markets
- Focus on Product Quality and Durability
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Demand for High-Performance Vehicles - In the Global Automotive Brake Components Aftermarket, there is a significant opportunity driven by the demand for high-performance vehicles. High-performance vehicles, including sports cars, luxury vehicles, and performance-oriented variants of mainstream models, feature advanced braking systems designed to deliver exceptional stopping power, responsiveness, and durability.
The growing popularity of high-performance vehicles creates demand for specialized aftermarket brake components tailored to the unique requirements of these vehicles. Aftermarket suppliers can develop and offer high-performance brake pads, rotors, calipers, brake lines, and brake fluid formulated to withstand higher temperatures, reduce fade, and provide superior braking performance under extreme driving conditions. By catering to the needs of enthusiasts and aftermarket tuners, suppliers can capture a niche market segment and differentiate their products from standard OEM replacements.
Enthusiasts and owners of high-performance vehicles often seek opportunities to enhance their vehicle's performance, aesthetics, and driving experience through aftermarket upgrades and customization. Aftermarket brake components, such as larger diameter rotors, multi-piston calipers, performance brake pads, and stainless steel braided brake lines, offer opportunities for enthusiasts to upgrade their vehicle's braking system for improved performance, pedal feel, and aesthetics. This demand for aftermarket performance upgrades fuels aftermarket sales and contributes to revenue growth in the brake components market.
High-performance vehicles are commonly used in racing and motorsports events, where braking performance is critical for competitive success and safety. Aftermarket suppliers can capitalize on the demand for specialized racing brake components, including lightweight racing rotors, track-specific brake pads, racing brake fluid, and performance brake kits designed for motorsports applications. By catering to the needs of racing enthusiasts, aftermarket suppliers can establish partnerships with racing teams, sponsorships, and endorsements, enhancing brand visibility and reputation in the motorsports community.
The popularity of aftermarket performance brands specializing in high-performance brake components creates opportunities for aftermarket suppliers to collaborate and license their technology and branding. By partnering with established aftermarket brands known for their expertise in performance upgrades and customization, brake component suppliers can leverage their reputation and distribution channels to reach a broader audience of enthusiasts and high-performance vehicle owners.
Competitive Landscape Analysis
Key players in Global Automotive Brake Components After Market include:
- Continental AG
- ZF Friedrichshafen AG
- Delphi Automotive PLC
- Valeo S.A
- Federal-Mogul Holdings Corporation
- Nissin Kogyo Co. Ltd
- Hitachi Astemo, Ltd.
- Akebono Brake Industry Co Ltd.
- Magneti Marelli S.p.A
- Mando Corporation
- Brembo S.p.A.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Sales
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Region
- Global Automotive Brake Components After Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Vehicle Parc Expansion
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DIY Repairs and Maintenance
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Aging Vehicle Fleet
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- Restraints
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Technological Advancements
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Stringent Regulatory Requirements
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Shift Towards Electric Vehicles
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- Opportunities
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Expansion in Emerging Markets
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Focus on Product Quality and Durability
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Demand for High-Performance Vehicles
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Automotive Brake Components After Market, By Sales, 2021 - 2031 (USD Million)
- Rotor
- Caliper
- Brake Pad
- Drum
- Brake Shoe
- Wheel Cylinder
- OEM
- Global Automotive Brake Components After Market, By Vehicle Type, 2021 - 2031 (USD Million)
- Passenger Car
- LCV
- HCV
- Global Automotive Brake Components After Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Automotive Brake Components After Market, By Sales, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
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Continental AG
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ZF Friedrichshafen AG
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Delphi Automotive PLC
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Valeo S.A
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Federal-Mogul Holdings Corporation
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Nissin Kogyo Co. Ltd
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Hitachi Astemo, Ltd.
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Akebono Brake Industry Co Ltd.
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Magneti Marelli S.p.A
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Mando Corporation
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Brembo S.p.A.
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- Company Profiles
- Analyst Views
- Future Outlook of the Market