Brake Hardware Kit Market by Type (Metal, Plastic), Usage (Aftermarket, OEM), Distribution Channel - Global Forecast 2024-2030

Brake Hardware Kit Market by Type (Metal, Plastic), Usage (Aftermarket, OEM), Distribution Channel - Global Forecast 2024-2030

The Brake Hardware Kit Market size was estimated at USD 2.43 billion in 2023 and expected to reach USD 2.56 billion in 2024, at a CAGR 5.63% to reach USD 3.56 billion by 2030.

A brake hardware kit is an essential set of components required to function and maintain a vehicle's braking system properly. It commonly includes brake pads, shoes, drums, rotors, and smaller parts, including springs, adjusters, and clips, ensuring the system operates smoothly and effectively. The increasing awareness of vehicle safety among consumers, advancements in automotive technology leading to improved brake designs, the rising demand for vehicles globally, and regulatory mandates for regular vehicle maintenance and safety standards further drive the market growth. However, the high cost of premium brake components, compatibility issues with existing systems, and the complexity of installation for those without technical expertise present hurdles for market growth. Nevertheless, the growing adoption of electric and hybrid vehicles, which may require specialized braking systems, technological innovations that extend the lifespan of brake components, and the expansion of aftermarket sales channels providing more accessible and cost-effective solutions for consumers offer potential opportunities for market growth.

Regional Insights

In the Americas, the emphasis on road safety and the presence of major automotive manufacturers foster a conducive environment for the growth of the brake hardware kit market. This region observes strict regulatory frameworks set by bodies, including the National Highway Traffic Safety Administration (NHTSA), which mandate rigorous testing and performance standards for automotive parts to ensure public safety. The APAC region exhibits significant growth potential, attributed mainly to rapid industrialization, increasing consumer purchasing power, and the expanding automotive manufacturing sector, notably in countries such as China, India, and Japan. The regulatory landscape in APAC varies considerably, with each country having its regulations governing vehicle safety and component standards. In the EMEA region, the brake hardware kits market is characterized by a strong emphasis on innovation and environmentally friendly solutions in the automotive sector. The European Union, for example, has some of the world’s most stringent environmental and safety regulations, led by the European Automobile Manufacturers Association (ACEA), which significantly influences the design, manufacturing, and performance criteria of automotive components, including brake hardware kits. These regulations ensure that products meet high safety and environmental standards, influencing market trends and driving technological advancements in the region.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Brake Hardware Kit Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growth in sales and production of commercial vehicles and off-highway trucks
• Rising regulatory mandates for regular vehicle maintenance and safety standards
• Expansion of aftermarket sales channels due to wear and tear or upgrades

Market Restraints

• High cost of premium brake components and compatibility issues with existing systems

Market Opportunities

• Growing adoption of electric and hybrid vehicles across the globe
• Technological and material innovations in braking components

Market Challenges

• Technical and performance issues associated with brake hardware kit

Market Segmentation Analysis

• Type:
• Distribution Channel: Evolving online distribution channel for brake hardware kits

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Brake Hardware Kit Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Brake Hardware Kit Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Enhancement of Hyundai i20N's Braking Performance with EBC Brakes Racing Apollo Big Brake Kit

The introduction of the EBC Brakes Racing Apollo Big Brake Kit for the Hyundai i20N marks a significant advancement in the vehicle's braking capabilities. This meticulously designed kit is tailored to improve the braking performance of the Hyundai i20N, a renowned vehicle for its dynamic driving experience. The Apollo Big Brake Kit integrates seamlessly with the car's existing systems, offering drivers enhanced safety and confidence through improved stopping power and reduced brake fade under strenuous conditions. This upgrade is an exemplary choice for Hyundai i20N owners looking to elevate their vehicle's performance and reliability, making it an essential consideration for enthusiasts and casual drivers.

Hella Enhances Market Position Through Full Ownership Acquisition of Hella Pagid

Hella recently concluded the full acquisition of Hella Pagid, a joint venture previously shared with TMD Friction. This strategic acquisition marks Hella's committed endeavor to bolster its footprint in the global automotive spare parts market, particularly in the brake system sector. By assuming complete ownership, Hella intends to streamline its operations, enhance its product offerings, and leverage synergies to deliver superior customer value.

Akebono Introduces Advanced ProACT Brake Pad Kits for Leading Automotive Brands

Akebono expanded its product line by launching the ProACT brake pad kits, specifically designed for popular Honda, Ford, Lincoln, and Toyota models. This innovation marks a significant advancement in automotive safety and performance, catering to a wider range of consumer vehicles. The ProACT brake pad kits are distinguished by their precision engineering and the use of premium materials, ensuring unparalleled braking performance and durability. This strategic product release by Akebono not only enhances the safety features of these vehicles but also underscores the company's commitment to quality and excellence in automotive safety technology, reinforcing its position within the competitive brake technology market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Brake Hardware Kit Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Brake Hardware Kit Market, highlighting leading vendors and their innovative profiles. These include Akebono Brake Corporation, Bendix Commercial Vehicle Systems LLC, BorgWarner Inc., Brake Parts Inc., Brembo S.p.A., Carlisle Companies Incorporated, Carlson, Centric Parts, Dorman Products, Inc., DRiV Incorporated, Eurofren Systems, S.L.U., Freeman Automotive UK Ltd., General Motors Company, Genuine Parts Company, Hella PagidHELLA GmbH & Co. KGaA, KFE Brake Systems, Performance Friction Corporation, PowerStop LLC, Robert Bosch GmbH, Roulunds Braking, TEKTRO TECHNOLOGY CORP, Tenneco Inc., VALEO limited, Wilwood Engineering, Inc, Winhere Brake Parts, Inc., and ZF Friedrichshafen AG.

Market Segmentation & Coverage

This research report categorizes the Brake Hardware Kit Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Metal
• Plastic
• Usage
• Aftermarket
• OEM
• Distribution Channel
• Offline
• Auto Repair Shops
• Automotive Parts Retailers
• Dealerships
• Online

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year