South America Automotive Brake Friction Products Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis – by Disc Materials (Metallic, Ceramic, and Composite), Product Type (Brake Shoe, Brake Pad, Brake Liner, Brake Disc, and Drum Brake), and Vehicle Type (Passenger Vehicles and Commercial Vehicles)


No. of Pages: 117    |    Report Code: BMIRE00025529    |    Category: Automotive and Transportation

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South America Automotive Brake Friction Products Market

The automotive brake friction products market in South America is expected to grow from US$ 319.70 million in 2021 to US$ 362.93 million by 2028; it is estimated to grow at a CAGR of 1.8% from 2021 to 2028

The automotive industry is growing due to increased foreign direct investment (FDI). The COVID-19 pandemic also prompted governments to reconsider their investment facilitation and promotion policies, which could help boost FDI in the coming years. However, the onset of the COVID-19 outbreak has disrupted many countries’ investments in automotive sectors; thus, governments primarily focus on increasing the number of new infrastructure projects while completing past projects. As a result, this will increase the demand for commercial vehicles, resulting in rising construction activities, which is expected to positively impact the automotive brake friction products market. Further, intraregional connections, environmental issues, and the green economy are also receiving more attention. A decrease in COVID-19 cases, an increasing number of vaccinated citizens, and the upliftment of stringent governments’ regulations are expected to grow the economy in 2022. Brake systems, made of various brake friction products, are installed in every vehicle. Disc brake systems, for instance, have rotors and pads, whereas a drum brake has a brake shoe and a brake drum. The growing demand for comfort and convenience is increasing vehicle production. Furthermore, the rising population and improving economic conditions increase vehicle production in many countries across the region, boosting the brake friction product market. Further, increased consumer purchasing power, rising disposable income, increased demand for personal vehicles, and the growth of e-commerce are contributing to the increase in production. An increase in government mandates for vehicle safety features is aiding the market growth. Thus, these factors are driving the automotive brake friction products market growth.

 

 South America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)

 

South America Automotive Brake Friction Products Market Segmentation 

  

 

The South America automotive brake friction products market is segmented into disc materials, product type, vehicle type, and country. Based on disc materials, the South America automotive brake friction products market is segmented into metallic, ceramic, and composite. In 2020, the metallic segment held the largest market share. Based on product type, the market is segmented into brake shoe, brake pad, brake disc, brake liner and drum brake. In 2020, the drum brake segment held the largest market share. Based on vehicle type, the market is bifurcated into passenger vehicles and commercial vehicles. In 2020, the passenger vehicles segment held a larger market share. Similarly, based on country, the South America automotive brake friction products market is segmented into Brazil, Argentina, and the Rest of SAM. Further, Brazil contributed a substantial share in 2020. 

 

AISIN SEIKI Co.Ltd.; AKEBONO BRAKE INDUSTRY CO., LTD; Bendix Spicer Foundation Brake LLC; BOSCH Auto Parts; Carlisle Brake Friction; Delphi Auto Part; MIBA AG; and Nisshinbo Holdings Inc are among the leading companies operating in the South America automotive brake friction products market.


South America Automotive Brake Friction Products Strategic Insights

Strategic insights for the South America Automotive Brake Friction Products provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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South America Automotive Brake Friction Products Report Scope

Report Attribute Details
Market size in 2021 US$ 319.70 Million
Market Size by 2028 US$ 362.93 Million
Global CAGR (2021 - 2028) 1.8%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Disc Materials
  • Metallic
  • Ceramic
  • Composite
By Product Type
  • Brake Shoe
  • Brake Pad
  • Brake Liner
  • Brake Disc
  • Drum Brake
By Vehicle Type
  • Passenger Vehicles
  • Commercial Vehicles
Regions and Countries Covered South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • AISIN SEIKI Co.Ltd.
  • AKEBONO BRAKE INDUSTRY CO., LTD
  • Bendix Spicer Foundation Brake LLC
  • BOSCH Auto Parts
  • Carlisle Brake Friction
  • Delphi Auto Parts
  • MIBA AG
  • Nisshinbo Holdings Inc
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    South America Automotive Brake Friction Products Regional Insights

    The geographic scope of the South America Automotive Brake Friction Products refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - South America Automotive Brake Friction Products Market

    1. AISIN SEIKI Co.Ltd.
    2. AKEBONO BRAKE INDUSTRY CO., LTD
    3. Bendix Spicer Foundation Brake LLC
    4. BOSCH Auto Parts
    5. Carlisle Brake Friction
    6. Delphi Auto Parts
    7. MIBA AG
    8. Nisshinbo Holdings Inc
    Frequently Asked Questions
    How big is the South America Automotive Brake Friction Products Market?

    The South America Automotive Brake Friction Products Market is valued at US$ 319.70 Million in 2021, it is projected to reach US$ 362.93 Million by 2028.

    What is the CAGR for South America Automotive Brake Friction Products Market by (2021 - 2028)?

    As per our report South America Automotive Brake Friction Products Market, the market size is valued at US$ 319.70 Million in 2021, projecting it to reach US$ 362.93 Million by 2028. This translates to a CAGR of approximately 1.8% during the forecast period.

    What segments are covered in this report?

    The South America Automotive Brake Friction Products Market report typically cover these key segments-

  • Disc Materials (Metallic, Ceramic, Composite)
  • Product Type (Brake Shoe, Brake Pad, Brake Liner, Brake Disc, Drum Brake)
  • Vehicle Type (Passenger Vehicles, Commercial Vehicles)
  • What is the historic period, base year, and forecast period taken for South America Automotive Brake Friction Products Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Automotive Brake Friction Products Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in South America Automotive Brake Friction Products Market?

    The South America Automotive Brake Friction Products Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • AISIN SEIKI Co.Ltd.
  • AKEBONO BRAKE INDUSTRY CO., LTD
  • Bendix Spicer Foundation Brake LLC
  • BOSCH Auto Parts
  • Carlisle Brake Friction
  • Delphi Auto Parts
  • MIBA AG
  • Nisshinbo Holdings Inc
  • Who should buy this report?

    The South America Automotive Brake Friction Products Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the South America Automotive Brake Friction Products Market value chain can benefit from the information contained in a comprehensive market report.