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Pneumatic Disc Brakes Driving Growth in the North American Class 4-8 Brake Components Aftermarket, Forecast to 2024
Disc Brakes Replacing Drums in High-volume Applications
13-Mar-2018
North America
Market Research
The North American Class 4-8 brake components aftermarket is experiencing a major shift in demand from drum to disc systems, offering significant growth potential for suppliers that can develop pads and rotors fitting large 18-wheelers. The total Class 4-8 brake components aftermarket will rise from approximately $1.18 billion in 2017 to an estimated $1.36 billion in 2024; however, growth rates will be significantly higher for pneumatic pads and rotors. Frost & Sullivan bases its analysis of the North American Class 4-8 brake components aftermarket on extensive interviews with suppliers and distributors. In addition, primary research is combined with secondary data sources to validate findings and capture key market trends. Where applicable, the study makes comparisons to Frost & Sullivan’s previous research covering wiper blades to help identify recent trends.
Research Scope
The research presents the current market size for the five product segments, namely:
- Brake pads
- Brake shoes
- Brake rotors
- Brake drums
- Brake calipers
Unit shipment and revenue are presented where the product enters one of the tracked distribution channels, which includes independent automotive and heavy-duty warehouse distributors (IAM) as well as franchised medium and heavy-duty truck dealers (OES). The study also estimates market shares for the top suppliers: Meritor, Webb Wheel Products, Accuride Wheel End Solutions, Federal-Mogul, and Bendix Commercial Vehicle Systems. It also identifies the major growth drivers and restraints, including freight volume, evolving brake system technologies, inflation and fleet behavior. One of the most significant developments affecting the Class 4-8 brake components aftermarket is the increasing share of Class 8 vehicles sold with disc brake systems in place of drums. This will drive the increased demand for new, heavy-duty pneumatic pads and rotors fitting the growing population of big rig trucks equipped with disc braking systems.
The base year for the study is 2017, with historical data presented from 2014 to 2016 and forecasts covering the 2018-2024 period. The geographic scope includes the United States and Canada. The vehicle scope includes medium and heavy-duty trucks, but not passenger cars or pickups.
Key Issues Addressed
- What is the market size in units shipped and revenue? By how much will the market grow over the forecast period?
- Which product segments will drive growth and offer new opportunities to suppliers?
- Which distribution channels account for the most sales? How is the changing customer behavior affecting the growth outlook of various distributors?
- How is pricing for Class 4-8 brake components changing? What are the factors that influence pricing?
- Which suppliers are poised for market share growth over the short term?
Executive Summary—Key Findings
Executive Summary—Market Engineering Measurements
Executive Summary—Total Market Unit Shipment/Revenue Snapshot
Research Scope
Product Segmentation
Product Definitions
Market Definitions
Vehicle Segmentation
Class 4-8 Vehicles in Operation—Drum Brakes
Class 4-8 Vehicles in Operation—Disc Brakes
Demand Analysis Discussion
Total Class 4-8 Brake Components Aftermarket—Unit Shipment and Revenue Forecast
Total Class 4-8 Brake Components Aftermarket—Unit Shipment and Revenue Forecast Discussion
Total Class 4-8 Brake Components Aftermarket—Percent of Revenue by System Type
Total Class 4-8 Brake Components Aftermarket—Percent of Revenue by System Type Discussion
Total Class 4-8 Brake Components Aftermarket—Percent of Revenue by Component Type
Total Class 4-8 Brake Components Aftermarket—Percent of Revenue by Component Type Discussion
Pricing Analysis
Pricing Analysis Discussion
Percent of Revenue by Distribution Channel
Percent of Revenue by Distribution Channel Discussion
Competitive Analysis—Market Share
Competitive Analysis—Market Share Discussion
Growth Opportunity 1—Private Labeling
Growth Opportunity 2—Brand Licensing
Growth Opportunity 3—Direct Importing
Growth Opportunity 4—Specialization
Growth Opportunity 5—Joint Ventures
Strategic Imperatives for Class 4-8 Aftermarket Brake Component Suppliers
Class 4-8 Drum Brake Components Aftermarket—Unit Shipment and Revenue Forecast
Total Class 4-8 Drum Brake Components Aftermarket—Unit Shipment and Revenue Forecast Discussion
Total Class 4-8 Drum Brake Components Aftermarket—Percent of Revenue by Component Type
Total Class 4-8 Drum Brake Components Aftermarket—Percent of Revenue by Component Type Discussion
Pricing Analysis
Pricing Analysis Discussion
Percent of Revenue by Distribution Channel
Percent of Revenue by Distribution Channel Discussion
Competitive Analysis—Market Share
Competitive Analysis—Market Share Discussion
Class 4-8 Brake Shoes Aftermarket—Unit Shipment and Revenue Snapshot
Percent of Revenue by Product Type
Pricing Analysis
Competitive Analysis—Market Share
Class 4-8 Brake Drums Aftermarket—Unit Shipment and Revenue Snapshot
Percent of Revenue by Product Type
Pricing Analysis
Competitive Analysis—Market Share
Class 4-8 Disc Brake Components Aftermarket—Unit Shipment and Revenue Forecast
Class 4-8 Disc Brake Components Aftermarket—Unit Shipment and Revenue Forecast Discussion
Class 4-8 Disc Brake Components Aftermarket—Percent of Revenue by Component Type
Class 4-8 Disc Brake Components Aftermarket—Percent of Revenue by Component Type Discussion
Pricing Analysis
Pricing Analysis Discussion
Percent of Revenue by Distribution Channel
Percent of Revenue by Distribution Channel Discussion
Competitive Analysis—Market Share
Competitive Analysis—Market Share Discussion
Class 4-8 Brake Pads Aftermarket—Unit Shipment and Revenue Snapshot
Percent of Revenue by Product Type
Pricing Analysis
Competitive Analysis—Market Share
Class 4-8 Brake Rotors Aftermarket—Unit Shipment and Revenue Snapshot
Percent of Revenue by Product Type
Pricing Analysis
Competitive Analysis—Market Share
Class 4-8 Brake Calipers Aftermarket—Unit Shipment and Revenue Snapshot
Percent of Revenue by Product Type
Pricing Analysis
Competitive Analysis—Market Share
The Last Word—3 Big Predictions
The Last Word—Discussion
Legal Disclaimer
Acronyms
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
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Industry Convergence
360º Research Perspective
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Research Scope
The research presents the current market size for the five product segments, namely:
- Brake pads
- Brake shoes
- Brake rotors
- Brake drums
- Brake calipers
Unit shipment and revenue are presented where the product enters one of the tracked distribution channels, which includes independent automotive and heavy-duty warehouse distributors (IAM) as well as franchised medium and heavy-duty truck dealers (OES). The study also estimates market shares for the top suppliers: Meritor, Webb Wheel Products, Accuride Wheel End Solutions, Federal-Mogul, and Bendix Commercial Vehicle Systems. It also identifies the major growth drivers and restraints, including freight volume, evolving brake system technologies, inflation and fleet behavior. One of the most significant developments affecting the Class 4-8 brake components aftermarket is the increasing share of Class 8 vehicles sold with disc brake systems in place of drums. This will drive the increased demand for new, heavy-duty pneumatic pads and rotors
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Stephen Spivey |
| Industries | Automotive |
| WIP Number | K1E4-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9801-A6,9813-A6,9963-A6,9AF6-A6,9B01-A6 |