Increase in the usage of disc brakes in commercial vehicles, is expected to drive market expansion in the near future at a CAGR of 4.50% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Automotive Brake Components Aftermarket Market” that contains information from 2018 to 2032. The Automotive Brake Components Aftermarket market is estimated to register a CAGR of 4.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Automotive Brake Components Aftermarket market— Hyundai Motor Co., Meritor Inc., Nisshinbo Holdings Inc., Robert Bosch GmbH, Disc, Brakes Australia Pty. Ltd., Carlisle Companies Inc., Continental AG, Baer Inc., BorgWarner Inc., Brembo SpA, First Brands Group, Freeman Automotive UK Ltd., Haldex AB, and Akebono Brake Industry Co.

Market Highlights

The global Automotive Brake Components Aftermarket market is accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 72.9 billion by 2032.

The main market factors boosting market growth include the adoption of luxury vehicles, the enforcement of strict safety requirements, and an increase in the usage of disc brakes in commercial vehicles. Automakers are always creating new features to make driving safer and more pleasurable. Companies sell anti-lock braking systems and electronic stability control (ESC), which together prevent skidding and maintain control of moving automobiles. Therefore, advancements in automotive safety technology may encourage the growth of the market for automobile brake systems. To make cars safer and more effective, players frequently develop anti-lock braking systems, electronic stability control, brake-by-wire, and anti-collision devices.  

Segment Analysis

The global Automotive Brake Components Aftermarket market has been segmented based on product type, vehicle, and sales channel.

On the basis of product type, the market is segmented into disc brakes and drum brakes. The largest market share in 2022 was held by disc brakes, and it is anticipated that during the forecast period, it would expand at a substantial CAGR. Recently, there has been a noticeable growth in the use of disc brakes. The development of disc brakes is attributed to its capacity to function in adverse weather conditions without overheating or fading.

Based on vehicle, the global automotive brake components aftermarket market has been segmented into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. It is estimated that the passenger vehicles segment, which held the biggest market share in 2022, will expand at a robust CAGR over the forecasted period. The number of passenger cars is increasing as a result of growing populations, increased disposable income, and urbanization.

Based on sales channel, the global automotive brake components aftermarket market has been segmented into OEM and aftermarket. The OEM category dominated the market in 2022, and it is predicted that it would do so again during the course of the forecast year. In an effort to produce cutting-edge brake components, OEMs are investing money in research and development.

Regional Analysis

The global Automotive Brake Components Aftermarket market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Automotive Brake Components Aftermarket market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive Brake Components Aftermarket market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive Brake Components Aftermarket market comprises of Middle East, Africa, and Latin America.

The Asia Pacific Automotive Brake Components Aftermarket market dominated this market in 2022. The availability of inexpensive labor and raw materials allows firms in the area to significantly reduce their costs. Additionally, countries like China and India, among others, are where the majority of the world's automobiles are manufactured.

Moreover, the Europe market has been persistently growing over the forecast period. This can be attributed to the rise in popularity of active braking systems and the consequent rise in demand for luxury and expensive cars.

The North America Automotive Brake Components Aftermarket Market is expected to register significant growth from 2023 to 2032. Due to growing consumer demand for vehicles that perform better in poor weather, the presence of major manufacturers, and an increase in production of both passenger cars and light commercial vehicles, the market in this area has expanded. Additionally, the expansion of the regional market has been fueled by the requirement that ESC technology be installed in all light cars beginning in 2018.

Furthermore, the rest of the world's Automotive Brake Components Aftermarket market is divided into the Middle East, Africa, and Latin America. The aftermarket for brake components includes replacement parts, repair services, and maintenance products for vehicles that are no longer covered by the original equipment manufacturer's warranty.

Key Findings of the Study

• The global Automotive Brake Components Aftermarket market is expected to reach USD 72.9 billion by 2032, at a CAGR of 4.50% during the forecast period.


• The North America region accounted for the fastest-growing global market due to growing consumer demand for vehicles that perform better in poor weather, the presence of major manufacturers, and an increase in production of both passenger cars and light commercial vehicles


• Based on Sales Channel, the OEM segment was attributed to holding the largest market in 2022, with an approximate market share of 56.65%.


• Hyundai Motor Co., Meritor Inc., Nisshinbo Holdings Inc., Robert Bosch GmbH, Disc, Brakes Australia Pty. Ltd., Carlisle Companies Inc., Continental AG, Baer Inc., BorgWarner Inc., Brembo SpA, First Brands Group, Freeman Automotive UK Ltd., Haldex AB, and Akebono Brake Industry Co.