Mexico Automotive Breaking Market Overview, 2029

Mexico Automotive Breaking Market Overview, 2029

The history of vehicle braking systems in Mexico goes back to the beginning of the nineteenth century, when the nation's automotive industry was only starting to take shape. The demand for dependable and effective braking systems increased along with Mexico's automotive industry, guaranteeing vehicle performance as well as security on the nation's highways. Like other regions of globe, Mexico's car braking systems were first based on basic mechanical drum brakes. When the brake pedal was depressed, these early braking systems, which consisted of brake shoes enclosed in a drum, applied friction to slow down the vehicle and give basic stopping force. These mechanical methods were efficient at the time, but they lacked the sophisticated features and performance potential of contemporary braking systems. Improved braking technologies were adopted in Mexico during the second half of the twentieth century as worldwide automotive technology developed. The performance as well as safety of braking was significantly improved with the advent of hydraulic braking systems. Hydraulic brakes, as opposed to mechanical systems, provide smoother and more sensitive braking by using brake fluid to transfer force from the brake pedal to the brake assembly. Anti-lock braking systems (ABS) were introduced in the latter half of the 20th century, continuing the growth of vehicle braking systems in Mexico. By minimising wheel lock-up during braking and enabling drivers to maintain steering control and stability, especially on slick or varied road surfaces, ABS constituted a significant advancement in vehicle safety technology. The extensive use of ABS in Mexico highlighted the
According to the research report ""Mexico Automotive Breaking System Market Overview, 2029,"" published by Bonafide Research, the Mexico Automotive Breaking System Market is expected to grow more than 1.30 USD Billion from 2024 to 2029. Disc brakes are currently the most popular and expanding option for car braking systems in Mexico. Although disc brakes are becoming more and more common in Mexico's automobile industry, disc brakes have historically played a major role in the country's automotive industry. This transition can be attributed to worldwide trends in automotive technology and safety requirements. Disc brakes' increased use is mostly due to their improved performance and safety features. Compared to drum brakes, disc brakes provide more stopping force, shorter stopping distances, and greater heat dissipation, which make them especially suitable for the variety of driving conditions seen on Mexican roads. Furthermore, improvements in manufacturing techniques and economies of scale have made disc brakes more affordable, reducing the difference in price between disc and drum brake systems and making disc. Regenerative braking is one new braking technology that is gaining popularity, particularly in the electric and hybrid car markets. The kinetic energy produced during deceleration is captured by regenerative braking systems, which transform it into electric power that is subsequently stored in the car's battery for future use. Regenerative braking offers a chance to improve energy efficiency and lower emissions in the transportation industry, particularly in light of Mexico's increased emphasis on sustainability and environmental problems.
In regards to revenue as well as market share, passenger cars dominate the Mexican automotive industry, surpassing both two-wheelers and commercial vehicles. Due to their affordability, usefulness, and fuel efficiency, compact and mid-size sedans (passenger cars) are extremely popular amongst passenger cars in Mexico, drawing in a wide range of customers. These cars are a popular choice all across the nation since they meet the needs of urban commuting, family transportation, and leisure driving. They are produced by both domestic and foreign manufacturers. Several reasons contribute to the dominance of passenger vehicles in the Mexican automotive market. First off, there is a growing need for personal transportation options in Mexico due to the country's fast expanding urban population and growing middle class, with many individuals and families choosing to commute in passenger cars. Passenger cars are also more popular since they are affordable and available to a wider range of customers due to financing options and competitive pricing. Furthermore, Mexico's growing highway system and advancing road infrastructure have rendered passenger cars a sensible and practical option for daily commuting as well as long-distance travel. Even though two-wheelers and commercial vehicles are also significant components of Mexico's transportation ecology, especially in niche markets like delivery and logistics, their market domination is not as great as that of passenger cars. While motorbikes and scooters offer individual commuters in crowded metropolitan areas economical and effective modes of transportation, commercial vehicles—such as pickup trucks and vans—serve business and commercial purposes.
Automotive brake systems and their parts are sourced and delivered in Mexico through a number of routes, all of which are vital to guaranteeing that car manufacturers, aftermarket dealers, and customers may obtain and use these vital parts. The primary channels utilised for the procurement and distribution of automobile brake systems and components comprise: Original Equipment Manufacturers (OEMs) obtain brake system components directly from specialised domestic and international suppliers and manufacturers. These vendors frequently have long-term agreements with OEM to supply premium brake pads, rotors, callipers, and other parts that adhere to strict vehicle requirements. Ensuring the integration of braking systems into new vehicles during the manufacturing process is contingent upon the effectiveness of this channel. In the aftermarket business, wholesale distributors function as a middleman between manufacturers and retailers. These wholesalers procure auto brake parts from different manufacturers and suppliers and supply them to independent auto parts stores, retail chains, and internet retailers throughout Mexico. They are essential to maintaining a consistent supply of aftermarket brake parts to satisfy customer and service centre demand. Online markets and e-commerce platforms are becoming more and more common ways for Mexican consumers to buy car braking systems and parts. OEMs and aftermarket distributors are usually the primary channels because of their direct contacts with producers and extensive distribution networks, even if each channel has a specific function in the sourcing and distribution of automotive brake systems and components in Mexico. But the rise in popularity of internet shopping is changing the face of the automotive aftermarket by giving customers more choices and convenience when it comes to buying brake parts and accessories.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Automotive Breaking System market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Disk Brake
• Drums Brake
• Others

By Vehicle Type
• Two wheelers
• Passenger Vehicles
• Commercial Vehicles

By Sales channel
• OEM
• After Market

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive Breaking System industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.