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Automotive Brake Components Aftermarket Market to grow by USD 14.07 billion between 2022 to 2027, The increasing number of parc vehicles to boost market growth

/PRNewswire/ The automotive brake components aftermarket market is expected to grow by USD 14.07 billion from 2022 to 2027, according to Technavio. In. ....

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Nearly $ 5 Bn growth expected in Global Automotive Brake Components Aftermarket during 2021-2025 | Growing Demand for Automotive Aftermarket Components to be Major Trend


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NEW YORK, May 24, 2021 /PRNewswire/  
Set to grow by USD 4.97 billion during 2021-2025, Technavio s latest market research report estimates the automotive brake components aftermarket to register a CAGR of over 3%. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled
Automotive Brake Components Aftermarket by Product, Geography, and Type - Forecast and Analysis 2021-2025
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Akebono Brake Industry Co. Ltd., BorgWarner Inc., Brembo Spa, First Brands Group, Hyundai Motor Co., Nisshinbo Holdings Inc., Robert Bosch GmbH, Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG are some of the major market participants. The increasing number of PARC vehicles will offer immense growth opportunitie ....

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Nearly $ 5 Bn growth expected in Global Automotive Brake Components Aftermarket during 2021-2025 | Growing Demand for Automotive Aftermarket Components to be Major Trend | Technavio


NEW YORK, May 24, 2021 /PRNewswire/  
Set to grow by USD 4.97 billion during 2021-2025, Technavio s latest market research report estimates the automotive brake components aftermarket to register a CAGR of over 3%. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Akebono Brake Industry Co. Ltd., BorgWarner Inc., Brembo Spa, First Brands Group, Hyundai Motor Co., Nisshinbo Holdings Inc., Robert Bosch GmbH, Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG are some of the major market participants. The increasing number of PARC vehicles will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growin ....

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North American Brakes Aftermarket Market 2021-2027 - Strategic Partnering with Channel Partners and Distribution Channel Optimization are Key for Sustenance


The base year for analysis is 2020 and the forecast period is from 2021 to 2027.
This research service covers passenger cars and light commercial vehicles brake parts aftermarket in terms of volume (million units) and value ($ million) covering the North American region, namely the US and Canada. It discusses unit shipment, revenue, average price, and distribution channel share for five product types, namely, brake pads, brake rotors, brake calipers, brake shoes, and brake drums.
Increase in Vehicles in Operation (VIO), coupled with rising average vehicle age, will primarily drive unit shipment during the forecast period. Due to the marginal increase in average price per unit, revenue is expected to grow faster than the unit shipment. ....

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