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North America Brake System Market

North America Brake System Market Size, Analysis, Demand: By Product Type: Disc Brake, Hydrostatic Brake, Hydraulic Wet Brake, Regenerative and Dynamic Brake, Others; By End User: Automotive, Construction Equipment, Agriculture Equipment, Others; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032

North America Brake System Market Outlook

The North America brake system market size attained a value of USD 11.35 billion in 2023. The market is further expected to grow at a CAGR of 4.10% between 2024 and 2032, to reach a value of USD 16.32 billion by 2032.

 

Key Trends in the Market

A brake system is the combination of automotive components which resist the motion of a vehicle, bringing it to a halt. A brake system consists of two curved brake shoes containing a friction material lining which produces friction in order to slow down the vehicle. A static surface is applied to a vehicle’s moving surface, causing friction and subsequently converting kinetic energy to heat energy, slowing down the vehicle movement.

 

  • Increasing incorporation of disc brake technology in commercial vehicles in North America to bolster the safety of emergency trucks, fuel tankers, tour buses, and semi-tractors, among others, is fuelling the North America brake system market growth.
  • Emergence of new usage truck models, such as truck-as-a-service, along with truck leasing strategies, is impacting the growth of this market positively. The rising demand for light trucks to facilitate domestic commodity transportation services is further heightening the incorporation of brake systems.
  • Efforts by law enforcement agencies and inspection services to examine vehicles and reduce road mishaps and accidents are expected to bolster the demand for brake systems to augment vehicular safety. In addition, the growing focus on anti-lock braking systems are crucial trends in the North America brake system market.
  • The increasing application of brake systems in construction equipment is adding to the market revenue. Over the forecast period, the increasing expenditure towards construction and use of larger construction equipment are expected to heighten the demand for brake systems for construction equipment.

 

north america brake system market

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Market Analysis

Based on product type, the market is segmented into disc brake, hydrostatic brake, hydraulic wet brake, and regenerative and dynamic brake, among others. On the basis of end user, the market is classified into automotive, construction equipment, agriculture equipment, industrial truck, and mining equipment. By distribution channel, the market is bifurcated into original equipment manufacturer (OEM) and aftermarket. The regional markets for brake systems in North America are the United States and Canada.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America brake system market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Brembo S.P.A.
  • Rassini. S.A.B. de C.V. (Formerly Sanluis Corporation)
  • Mando Corporation
  • The New York Brake Corporation (Knorr – Bremse)
  • Haldex AB
  • BorgWarner Inc.
  • Others

 

north america brake system market by segments

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Market Share by Product Type

The disc brake segment, based on product type, accounts for a healthy share of the North America brake system market. This can be attributed to the presence of local suppliers in the region which manufacture high-quality hydraulic brakes capable of performing outdoor and heavy duty breaking functions. Disc brakes are considered to be among the only types of brakes that are used in front wheels but can be used in all four wheels as well. The advantages offered by this type of brake, such as greater braking power, operability in wet and muddy conditions, and higher responsiveness compared to counterparts, is heightening its incorporation in passenger and commercial vehicles in North America, leading to an accelerated growth of this segment.

 

Market Share by End User

Based on end user, the automotive segment accounts for a significant share in the North America brake system market. With the vast distances in the region, there is a key demand for automotives for daily travelling and commute, particularly in countries like the United States. The growing automotive component sales, triggered by frequent servicing of automobiles and increasing expansion of auto-related small businesses, is fuelling the growth of this segment. Rising demand for all-terrain vehicles across North America is further enhancing the incorporation of brake systems, thereby, adding in the North America brake system market revenue. The increasing sale of light trucks across the United States is likely to bolster the segment’s growth in the forecast period.

 

north america brake system market by region

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Competitive Landscape

Brembo S.P.A. is a leading innovator and provider of braking technology for automotive vehicles. The company develops and markets high-performance braking systems for both commercial and passenger cars and motorbikes, with operations in several countries. Brembo was founded in 1961 and is currently headquartered in Curno, Italy, and its brands include AP Racing, Bybre, Breco, Marchesini, SBS Friction, and J.Juan.

 

Rassini. S.A.B. de C.V. (Formerly Sanluis Corporation) is a prominent designer and manufacturer of suspension and brake components that cater to the demands of the automotive industry. The product portfolio of this company includes multileaf springs, rotors, discs, drums, motor balancers, and hubs, among others. It was established in 1976 and is headquartered in Coahuila, Mexico.

 

Mando Corporation is one of the world’s largest suppliers and manufacturers of original equipment to major automotive companies such as Chevrolet, Ford, and Chrysler, among others. The company specialises in auto parts that are central to the safety of vehicles, including brake systems, suspensions, and steering. It was founded in 1962 and is headquartered in Seongnam-si, South Korea.

 

Other market players include The New York Brake Corporation (Knorr – Bremse), Haldex AB, and BorgWarner Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • End User
  • Distribution Channel
  • Region
Breakup by Product Type
  • Disc Brake
  • Hydrostatic Brake
  • Hydraulic Wet Brake
  • Regenerative and Dynamic Brake
  • Others
Breakup by End User
  • Automotive
  • Construction Equipment
  • Agriculture Equipment
  • Industrial Truck
  • Mining Equipment
Breakup by Distribution Channel
  • Original Equipment Manufacturer (OEM)
  • Aftermarket
Breakup by Region
  • United States of America
  • Canada
Market Dynamics
  • SWOT
  • Porter's Five Forces
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Brembo S.P.A.
  • Rassini. S.A.B. de C.V. (Formerly Sanluis Corporation)
  • Mando Corporation
  • The New York Brake Corporation (Knorr – Bremse)
  • Haldex AB
  • BorgWarner Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    North America Brake System Market Overview

    8.1    Key Industry Highlights
    8.2    North America Brake System Historical Market (2018-2023) 
    8.3    North America Brake System Market Forecast (2024-2032)
9    North America Brake System Market by Product Type
    9.1    Disc Brake
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023)
        9.1.3    Forecast Trend (2024-2032)
    9.2    Hydrostatic Brake
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023)
        9.2.3    Forecast Trend (2024-2032)
    9.3    Hydraulic Wet Brake
        9.3.1    Market Share
        9.3.2    Historical Trend (2018-2023)
        9.3.3    Forecast Trend (2024-2032)
    9.4    Regenerative and Dynamic Brake
        9.4.1    Market Share
        9.4.2    Historical Trend (2018-2023)
        9.4.3    Forecast Trend (2024-2032)
    9.5    Others
10    North America Brake System Market by End User
    10.1    Automotive
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023)
        10.1.3    Forecast Trend (2024-2032)
    10.2    Construction Equipment
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023)
        10.2.3    Forecast Trend (2024-2032)
    10.3    Agriculture Equipment
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023)
        10.3.3    Forecast Trend (2024-2032)
    10.4    Industrial Truck
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023)
        10.4.3    Forecast Trend (2024-2032)
    10.5    Mining Equipment
        10.5.1    Market Share
        10.5.2    Historical Trend (2018-2023)
        10.5.3    Forecast Trend (2024-2032)
11    North America Brake System Market by Distribution Channel
    11.1    Original Equipment Manufacturer (OEM)
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023)
        11.1.3    Forecast Trend (2024-2032)
    11.2    Aftermarket
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023)
        11.2.3    Forecast Trend (2024-2032)
12    North America Brake System Market by Region
    12.1    United States of America
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023)
        12.1.3    Forecast Trend (2024-2032)
    12.2    Canada
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023)
        12.2.3    Forecast Trend (2024-2032)
13    Market Dynamics
    13.1    SWOT Analysis
        13.1.1    Strengths
        13.1.2    Weaknesses
        13.1.3    Opportunities
        13.1.4    Threats
    13.2    Porter’s Five Forces Analysis
        13.2.1    Supplier’s Power
        13.2.2    Buyer’s Power
        13.2.3    Threat of New Entrants
        13.2.4    Degree of Rivalry
        13.2.5    Threat of Substitutes
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Brembo S.P.A.
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Rassini. S.A.B. de C.V. (Formerly Sanluis Corporation)
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Mando Corporation
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    The New York Brake Corporation (Knorr – Bremse)
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Haldex AB
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    BorgWarner Inc.
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Others
15    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    North America Brake System Market: Key Industry Highlights, 2018 and 2032
2.    North America Brake System Historical Market: Breakup by Product Type (USD Million), 2018-2023
3.    North America Brake System Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4.    North America Brake System Historical Market: Breakup by End User (USD Million), 2018-2023
5.    North America Brake System Market Forecast: Breakup by End User (USD Million), 2024-2032
6.    North America Brake System Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7.    North America Brake System Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8.    North America Brake System Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Brake System Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    North America Brake System Market Structure

Key Questions Answered in the Report

The market reached a value of USD 11.35 billion in 2023.

The market is estimated to grow at a CAGR of 4.10% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 16.32 billion by 2032.

The increasing incorporation of disc brake technology in commercial trucks, rising applications of brake systems in construction equipment, increasing standards of living, and thriving transportation sector are the major drivers of the market.

The key trends in the market include the emergence of new usage truck models and efforts by law enforcement agencies and inspection services to improve vehicular safety.

Disc brake, hydrostatic brake, hydraulic wet brake, and regenerative and dynamic brake, among others, are the different product types in the market.

Automotive, construction equipment, agriculture equipment, industrial truck, and mining equipment are the various end users of the market.

Original equipment manufacturer (OEM) and aftermarket are the different distribution channels in the market.

Brake systems work on the principle of friction which brings impedance to the movement of the vehicle.

Brembo S.P.A., Rassini. S.A.B. de C.V. (Formerly Sanluis Corporation), Mando Corporation, The New York Brake Corporation (Knorr – Bremse), Haldex AB, and BorgWarner Inc., among others, are the key players in the North America brake system market, according to the report.

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