North American Class 4-8 Truck Brakes Aftermarket Growth Opportunities

Description

Air Disc Brakes Lead Technology Strategy as Installations Near the 2-in-every-5 Vehicles Threshold due to a Hybrid Brake Configuration Approach

The class 4-8 truck brakes aftermarket in North America is mature, and the well-established participants have built solid relationships across all distribution channels. Nonetheless, the aftermarket is facing strong pricing pressure because of product commoditization; product differentiation is relatively low. In addition, fleets are highly price sensitive, which creates opportunities for brand substitutions and imported, low-cost brake components that threaten well-established market participants' offerings.

Pneumatic brake drums will witness a decline during the forecast period due to increasing use of pneumatic disc brakes, which offer enhanced performance and are cost effectiveness, in the front axle. However, pneumatic drum brakes will remain the standard choice in HD trucks during the forecast period. Hydraulic brake rotors are the standard option on class 4-6 trucks; they will remain the dominate choice over declining hydraulic brake drum technology.

Research Scope:

Frost & Sullivan's research service on the class 4-8 truck brakes aftermarket in North America forecasts market size from 2022 to 2028 using a base year is 2021. The study analyzes key medium- and heavy-duty (MD/HD) truck hydraulic and pneumatic brake components, including drums, shoes, slack adjusters, rotors, calipers, and pads. Market forecasts are derived from miles driven, usage patterns, installation rates, replacement rates, and total vehicles in operation (VIO). This analysis covers the different brake components by unit shipment, revenue, distribution channel, and price. An examination of the competitive environment for each brake component is included, and the top competitors are profiled.

Key Issues Addressed:

What is the replacement rate across all brake product categories for class 4-8 trucks?

What are the aftermarket size and revenue for class 4-8 trucks?

What are the outlook and pricing trends for the class 4-8 truck brakes aftermarket during the forecast period?

What are the market trends and challenges for the class 4-8 truck brakes aftermarket?

What are the current and future strategies that will foster growth for participants in the class 4-8 truck brakes aftermarket?

Product Code: K7D8-41

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
Impact of the Top 3 Strategic Imperatives on Truck Brakes Aftermarket
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Research Scope-Class 4-8 Truck Brakes Aftermarket
Key Questions This Study ill Answer
Vehicle Segmentation
Product Segmentation
Product Definitions
Market Definitions

Demand Analysis

VIO Forecast by Class
Class 4-8 Electric Truck Unit Shipment Forecast
Annual Vehicle Miles Traveled-Forecast
Hydraulic Brake VIO Penetration Rate
Pneumatic Brake VIO Penetration Rate
Growth Drivers
Growth Restraints
CASE Impact on Brake Replacement Aftermarket-2022-2028

Class 4-8 Total Brakes Aftermarket

Key Takeaways
Growth Metrics
Total Market Revenue and Unit Shipment Forecast

Class 4-8 Hydraulic Brake Drum, Shoe, and Slack Adjustor Aftermarket

Growth Metrics
Total Market Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Subcomponent
Revenue Forecast by
Pricing Analysis by
Remanufactured Brake Shoes
Distribution Analysis by Channel Type
Unit Share of Top Participants

Class 4-8 Hydraulic Brake Rotor, Pad, and Caliper Aftermarket

Growth Metrics
Total Market Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Subcomponent
Revenue Forecast by Subcomponent
Pricing Analysis by Subcomponent
Remanufactured Brake Calipers
Distribution Analysis by Channel Type
Unit Share of Top Participants

Class 4-8 Pneumatic Brake Drum, Shoe, and Slack Adjustor Aftermarket

Growth Metrics
Total Market Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Subcomponent
Revenue Forecast by
Pricing Analysis by
Remanufactured Brake Shoes
Distribution Analysis by Channel Type
Unit Share of Top Participants

Class 4-8 Pneumatic Brake Rotor, Pad, and Caliper Aftermarket

Growth Metrics
Total Market Revenue and Unit Shipment Forecast
Unit Shipment Forecast by Subcomponent
Revenue Forecast by
Pricing Analysis by
Remanufactured Brake Calipers
Distribution Analysis by Channel Type
Unit Share of Top Participants

Distribution Channel

Drum rakes Brand Positioning-All Channels
Brake Shoes Brand Positioning-All Channels
Slack Adjustors Brand Positioning-All Channels
Disc Brake Rotors Brand Positioning-All Channels
Brake Pads Brand Positioning-All Channels
Calipers Brand Positioning-All Channels

Supplier Profiles

Supplier ProfileMeritor, Inc.
Supplier ProfileBendix Corporation
Supplier ProfileDRiV Incorporated
Supplier ProfileFirst Brands Group, LLC
Supplier ProfileWebb Wheel Products, Inc.
Supplier ProfileAccuride International

Growth Opportunity Universe

Growth Opportunity 1Adoption of Disc Brake Technology
Growth Opportunity 1Adoption of Disc Brake Technology
Growth Opportunity 2Emerging Electrification Trend to Spur Regenerative Braking
Growth Opportunity 2Emerging Electrification Trend to Spur Regenerative Braking (continued)
Growth Opportunity 3OE Partnership/Private Labeling
Growth Opportunity 3OE Partnership/Private Labeling (continued)

Next Steps

Your Next Steps
Why Frost, Why Now?
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