NEW YORK , Aug. 13, 2024 /PRNewswire/ -- The global automotive brake components aftermarket market size is estimated to grow by USD 14.4 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 3.19% during the forecast period. Increasing number of PARC vehicles is driving market growth, with a trend towards emerging 3D printing in automotive aftermarket industry.
However, high installation costs of advanced brake systems poses a challenge. Key market players include ABS Friction Inc., AISIN CORP.
, Akebono Brake Industry Co. Ltd., Baer Inc.
, BorgWarner Inc., Brembo Spa, Carlisle Companies Inc., Continental AG, Cummins Inc.
, Disc Brakes Australia, First Brands Group, EBC Brakes, Haldex AB, Hyundai Motor Co., Nisshinbo Holdings Inc., Robert Bosch GmbH, Tata Motors Ltd.
, Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Automotive Brake Components Aftermarket Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 3.
19% Market growth 2024-2028 USD 14.4 billion Market structure Fragmented YoY growth 2022-2023 (%) 3.07 Regional analysis APAC, Europe, North America, Middle East and Africa, and South America Performing market contribution APAC at 57% Key countries US, China, Japan, Russia, and Germany Key companies profiled ABS.