North American Class 4–8 Truck Brakes Aftermarket Growth Opportunities

North American Class 4–8 Truck Brakes Aftermarket Growth Opportunities

Air Disc Brakes Lead Technology Strategy as Installations Near the 2-in-every-5 Vehicles Threshold due to a Hybrid Brake Configuration Approach

RELEASE DATE
05-Oct-2022
REGION
North America
Deliverable Type
Market Research
Research Code: K7D8-01-00-00-00
SKU: AU02416-NA-MT_26968
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Description

The class 4–8 truck brakes aftermarket in North America is mature, and the well-established participants have built solid relationships across all distribution channels. Nonetheless, the aftermarket is facing strong pricing pressure because of product commoditization; product differentiation is relatively low. In addition, fleets are highly price sensitive, which creates opportunities for brand substitutions and imported, low-cost brake components that threaten well-established market participants’ offerings.

Pneumatic brake drums will witness a decline during the forecast period due to increasing use of pneumatic disc brakes, which offer enhanced performance and are cost effectiveness, in the front axle. However, pneumatic drum brakes will remain the standard choice in HD trucks during the forecast period. Hydraulic brake rotors are the standard option on class 4–6 trucks; they will remain the dominate choice over declining hydraulic brake drum technology.

Research Scope

Frost & Sullivan's research service on the class 4-8 truck brakes aftermarket in North America forecasts market size from 2022 to 2028 using a base year is 2021. The study analyzes key medium- and heavy-duty (MD/HD) truck hydraulic and pneumatic brake components, including drums, shoes, slack adjusters, rotors, calipers, and pads. Market forecasts are derived from miles driven, usage patterns, installation rates, replacement rates, and total vehicles in operation (VIO). This analysis covers the different brake components by unit shipment, revenue, distribution channel, and price. An examination of the competitive environment for each brake component is included, and the top competitors are profiled.


Key Issues Addressed

  • What is the replacement rate across all brake product categories for class 4–8 trucks?
  • What are the aftermarket size and revenue for class 4–8 trucks?
  • What are the outlook and pricing trends for the class 4–8 truck brakes aftermarket during the forecast period?
  • What are the market trends and challenges for the class 4–8 truck brakes aftermarket?
  • What are the current and future strategies that will foster growth for participants in the class 4–8 truck brakes aftermarket?

Author: Wallace Lau

 

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

Impact of the Top 3 Strategic Imperatives on Truck Brakes Aftermarket

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Scope—Class 4–8 Truck Brakes Aftermarket

Key Questions This Study ill Answer

Vehicle Segmentation

Product Segmentation

Product Definitions

Market Definitions

VIO Forecast by Class

Class 4–8 Electric Truck Unit Shipment Forecast

Annual Vehicle Miles Traveled—Forecast

Hydraulic Brake VIO Penetration Rate

Pneumatic Brake VIO Penetration Rate

Growth Drivers

Growth Restraints

CASE Impact on Brake Replacement Aftermarket—2022–2028

Key Takeaways

Growth Metrics

Total Market Revenue and Unit Shipment Forecast

Growth Metrics

Total Market Revenue and Unit Shipment Forecast

Unit Shipment Forecast by Subcomponent

Revenue Forecast by

Pricing Analysis by

Remanufactured Brake Shoes

Distribution Analysis by Channel Type

Unit Share of Top Participants

Growth Metrics

Total Market Revenue and Unit Shipment Forecast

Unit Shipment Forecast by Subcomponent

Revenue Forecast by Subcomponent

Pricing Analysis by Subcomponent

Remanufactured Brake Calipers

Distribution Analysis by Channel Type

Unit Share of Top Participants

Growth Metrics

Total Market Revenue and Unit Shipment Forecast

Unit Shipment Forecast by Subcomponent

Revenue Forecast by

Pricing Analysis by

Remanufactured Brake Shoes

Distribution Analysis by Channel Type

Unit Share of Top Participants

Growth Metrics

Total Market Revenue and Unit Shipment Forecast

Unit Shipment Forecast by Subcomponent

Revenue Forecast by

Pricing Analysis by

Remanufactured Brake Calipers

Distribution Analysis by Channel Type

Unit Share of Top Participants

Drum rakes Brand Positioning—All Channels

Brake Shoes Brand Positioning—All Channels

Slack Adjustors Brand Positioning—All Channels

Disc Brake Rotors Brand Positioning—All Channels

Brake Pads Brand Positioning—All Channels

Calipers Brand Positioning—All Channels

Supplier ProfileMeritor, Inc.

Supplier ProfileBendix Corporation

Supplier ProfileDRiV Incorporated

Supplier ProfileFirst Brands Group, LLC

Supplier ProfileWebb Wheel Products, Inc.

Supplier ProfileAccuride International

Growth Opportunity 1Adoption of Disc Brake Technology

Growth Opportunity 1Adoption of Disc Brake Technology

Growth Opportunity 2Emerging Electrification Trend to Spur Regenerative Braking

Growth Opportunity 2Emerging Electrification Trend to Spur Regenerative Braking (continued)

Growth Opportunity 3OE Partnership/Private Labeling

Growth Opportunity 3OE Partnership/Private Labeling (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The class 4–8 truck brakes aftermarket in North America is mature, and the well-established participants have built solid relationships across all distribution channels. Nonetheless, the aftermarket is facing strong pricing pressure because of product commoditization; product differentiation is relatively low. In addition, fleets are highly price sensitive, which creates opportunities for brand substitutions and imported, low-cost brake components that threaten well-established market participants’ offerings. Pneumatic brake drums will witness a decline during the forecast period due to increasing use of pneumatic disc brakes, which offer enhanced performance and are cost effectiveness, in the front axle. However, pneumatic drum brakes will remain the standard choice in HD trucks during the forecast period. Hydraulic brake rotors are the standard option on class 4–6 trucks; they will remain the dominate choice over declining hydraulic brake drum technology.--BEGIN PROMO--

Research Scope

Frost & Sullivan's research service on the class 4-8 truck brakes aftermarket in North America forecasts market size from 2022 to 2028 using a base year is 2021. The study analyzes key medium- and heavy-duty (MD/HD) truck hydraulic and pneumatic brake components, including drums, shoes, slack adjusters, rotors, calipers, and pads. Market forecasts are derived from miles driven, usage patterns, installation rates, replacement rates, and total vehicles in operation (VIO). This analysis covers the different brake components by unit shipment, revenue, distribution channel, and price. An examination of the competitive environment for each brake component is included, and the top competitors are profiled.

Key Issues Addressed

  • What is the replacement rate across all brake product categories for class 4–8 trucks
  • What are the aftermarket size and revenue for class 4–8 trucks
  • What are the outlook and pricing trends for the class 4–8 truck brakes aftermarket during the forecast period
  • What are the market trends and challenges for the class 4–8 truck brakes aftermarket
  • What are the current and future strategies that will foster growth for participants in the class 4–8 truck brakes aftermarket

Author: Wallace Lau

 

More Information
Deliverable Type Market Research
Author Wallace Lau
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number K7D8-01-00-00-00