This study covers the brake component aftermarket for passenger cars and light commercial vehicles (class 1 to 3) in Latin America, specifically Mexico, Brazil, and Argentina, in terms of both volume/units and value/revenue. The analysis includes unit shipment and revenue by automotive brake subcategories (i.e., brake pads, brake rotors/discs, brake shoes, brake drums, and brake calipers), and remanufactured sub-categories. The research discusses brake replacement aftermarket and average manufacturer-level prices and presents forecasts across different product segments, covering both the independent aftermarket (IAM) and original equipment supplier (OES) distribution channels. It also covers the share of distribution channels held across various product subcategories, including the revenue share of distribution channel participants. The base year for analysis is 2023 and the forecast period is from 2024 to 2030. In addition to market trends, industry growth opportunities tied to the emergence of new consumer patterns and the impact of vehicles in operation (VIO) figures are also provided.
Author: Benson Augustine
The Impact of the Top 3 Strategic Imperatives on the Latin American (LATAM) Brake Replacement Aftermarket
Competitive Intensity
Why
The LATAM brake replacement aftermarket is becoming increasingly competitive due to two major reasons: the flooding of import brands in the aftermarket and considerable price positioning of these labels in the aftermarket.
Frost Perspective
Frost & Sullivan expects the competitive intensity to increase in the next 3 to 5 years; however, indigenous labels are likely to differentiate in terms of positioning and brand identity.
Geopolitical Chaos
Why
The region is undergoing significant geopolitical shifts due to changes in governments and economic ideologies, especially in countries such as Argentina.
Frost Perspective
A radical shift in regional policies without sound economic measures could catapult the regional economy into turmoil, dissuading economic activity and market interest. The US election and subsequent impact on tariffs and regulations could add another dimension to this evolving landscape.
Disruptive Technologies
Why
Contrary to major economies that are shifting to electric vehicle (EV) and connected platforms, countries in LATAM are undergoing a different shift in the areas of brake technology.
Frost Perspective
The vehicle manufacturers in the LATAM market are transitioning from traditional drum brake systems to disc brake systems creating a dynamic aftermarket that will evolve over the forecast period. This shift in brake technology will demand brake suppliers to offer disc brake systems in the near-to-mid term.
Scope of Analysis
| Scope | Details |
|---|---|
| Vehicle scope | Passenger cars and light commercial vehicles (LCVs) |
| Geographic coverage | LATAM (Mexico, Brazil, and Argentina) |
| Study period | 2019–2030 |
| Base year | 2023 |
| Forecast period | 2024–2030 |
| Monetary unit | US Dollars ($); revenue calculated based on manufacturer level pricing (MLP) |
| Product scope* |
|
| Distribution structure | Original equipment supplier (OES) & independent aftermarket (IAM) |
Competitive Environment
| Number of Competitors | 15 to 20 |
| Competitive Factors | Pricing, reliability, availability, fitment |
| Key End-user Industry Verticals | Manufacturing, automotive, distribution |
| Leading Competitors | Fritec, Wagner, Raybestos, Duralast, Friction Premium, Cobreq Ferodo, Fras-le, Hipper Freios |
| Revenue Share of Top 5 Competitors (2023) | 50% to 75% |
| Other Notable Competitors | Fremax, Ruville, Mopar |
| Distribution Structure | Distributors, retailers, workshops, garages, eRetail |
| Notable Acquisitions and Mergers | Not applicable |
Key Competitors
- Fritec
- Wagner
- Duralast
- Raybestos
- GRC
- Fremax
- Brembo
- Friction Premium
- ZF TRW
- Ruville
- Cobreq
- Ferodo
- Fras-le
- ZF-TRW
- Fremax
- Hipper-Freios
- Mopar
- Volkswagen
- Mobis
- Fiat
- Brembo
- Wagner
- Friction Premium
- Others
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Latin American (LATAM) Brake Replacement Aftermarket
Scope of Analysis
Product Segmentation
Competitive Environment
Key Competitors
Key Metrices—Vehicles in Operation (VIO) by Country
Key Metrices—New Vehicle Sales (NVS) by Country
Key Metrices—Average Kilometers (Km) Driven by Country
Growth Metrics
LATAM Brake Replacement Aftermarket—Units & Revenue
LATAM Brake Replacement Aftermarket—Units by Component
LATAM Brake Replacement Aftermarket—Revenue by Component
LATAM Brake Replacement Aftermarket—Units by Country
LATAM Brake Replacement Aftermarket—Revenue by Country
Distribution Channel Revenue Analysis by Component (IAM & OES)
Competitor Market Share Analysis by Component, 2023Mexico—Disc Brake Systems
Competitor Market Share Analysis by Component, 2023Mexico—Drum Brake Systems
Competitor Market Share Analysis by Component, 2023Brazil & Argentina—Disc Brake Systems
Competitor Market Share Analysis by Component, 2023Brazil & Argentina—Drum Brake Systems
LATAM Brake Replacement Aftermarket—Discussion
Growth Drivers
Growth Restraints
Forecast Considerations & Calculation Methodology
Per Axle/Per Wheel Replacement Consideration Approach
Growth Metrics
Mexico—Brake Replacement Aftermarket Size by Units & Revenue
Brake Replacement Aftermarket Size by Component—Pads
MLP Analysis—Pads
Brake Replacement Aftermarket Size by Component—Pads Revenue
Brake Replacement Aftermarket Size by Component—Discs/Rotors
MLP Analysis by Component—Discs/Rotors
Brake Replacement Aftermarket Size by Component—Discs/Rotors Revenue
Brake Replacement Aftermarket Size by Component—Calipers
MLP Analysis by Component—Calipers
Brake Replacement Aftermarket Size by Component—Calipers Revenue
Brake Replacement Aftermarket Size by Component—Shoes
MLP Analysis by Component—Shoes
Brake Replacement Aftermarket Size by Component—Shoes Revenue
Brake Replacement Aftermarket Size by Component—Drums
MLP Analysis by Component—Drums
Brake Replacement Aftermarket Size by Component—Drums Revenue
Brake Replacement Aftermarket in Mexico—Discussion
Growth Metrics
Brazil—Brake Replacement Aftermarket Size by Units & Revenue
Brake Replacement Aftermarket Size by Component—Pads
MLP Analysis—Pads
Brake Replacement Aftermarket Size by Component—Pads Revenue
Brake Replacement Aftermarket Size by Component—Discs/Rotors
MLP Analysis by Componen—Discs/Rotors
Brake Replacement Aftermarket Size by Component—Discs/Rotors Revenue
Brake Replacement Aftermarket Size by Component—Calipers
MLP Analysis by Component—Calipers
Brake Replacement Aftermarket Size by Component—Calipers Revenue
Brake Replacement Aftermarket Size by Component—Shoes
MLP Analysis by Component—Shoes
Brake Replacement Aftermarket Size by Component—Shoes Revenue
Brake Replacement Aftermarket Size by Component—Drums
MLP Analysis by Component—Drums
Brake Replacement Aftermarket Size by Component—Drums Revenue
Brake Replacement Aftermarket in Brazil—Discussion
Growth Metrics
Argentina—Brake Replacement Aftermarket Size by Units & Revenue
Brake Replacement Aftermarket Size by Component—Pads
MLP Analysis—Pads
Brake Replacement Aftermarket Size by Component—Pads Revenue
Brake Replacement Aftermarket Size by Component—Discs/Rotors
MLP Analysis by Component—Discs/Rotors
Brake Replacement Aftermarket Size by Component—Discs/Rotors Revenue
Brake Replacement Aftermarket Size by Component—Calipers
MLP Analysis by Component—Calipers
Brake Replacement Aftermarket Size by Component—Calipers Revenue
Brake Replacement Aftermarket Size by Component—Shoes
MLP Analysis by Component—Shoes
Brake Replacement Aftermarket Size by Component—Shoes Revenue
Brake Replacement Aftermarket Size by Component—Drums
MLP Analysis by Component—Drums
Brake Replacement Aftermarket Size by Component—Drums Revenue
Brake Replacement Aftermarket in Argentina—Discussion
3 Big Predictions
Growth Opportunity 1—Diversify into a Disc Brake Portfolio
Growth Opportunity 1—Diversify into a Disc Brake Portfolio (continued)
Growth Opportunity 2—Develop a Niche Calipers Portfolio
Growth Opportunity 2—Develop a Niche Calipers Portfolio (continued)
Growth Opportunity 3—Focus on the Independent Aftermarket (IAM) and Pricing
Growth Opportunity 3—Focus on the Independent Aftermarket (IAM) and Pricing (continued)
Best Practice Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Brake Replacement Aftermarket: VIO by Country, LATAM, 2019–2030
- Brake Replacement Aftermarket: NVS by Country, LATAM, 2019–2030
- Brake Replacement Aftermarket: Average Km Driven by Country, LATAM, 2019–2030
- Brake Replacement Aftermarket: Growth Metrics, LATAM, 2023
- Brake Replacement Aftermarket: Units & Revenue, LATAM, 2019–2030
- Brake Replacement Aftermarket: Units by Component, LATAM, 2019–2030
- Brake Replacement Aftermarket: Revenue by Component, LATAM, 2019–2030
- Brake Replacement Aftermarket: Units by Country, LATAM, 2019–2030
- Brake Replacement Aftermarket: Revenue by Country, LATAM, 2019–2030
- Percent Revenue Breakdown of Distribution Channel by Product Type, LATAM, 2023
- Brake Replacement Aftermarket: Growth Drivers, LATAM, 2024–2030
- Brake Replacement Aftermarket: Growth Restraints, LATAM, 2024–2030
- Brake Replacement Aftermarket: Growth Metrics, Mexico, 2023
- Brake Replacement Aftermarket: Size by Units & Revenue, Mexico, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Pad*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Pad*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast by Type of Pad*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast for Discs/Rotors*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast for Discs/ Rotors*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast for Discs/Rotors*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Caliper*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Caliper, Mexico, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast by Type of Caliper, Mexico, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Shoe, Mexico, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Shoe, Mexico, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast by Type of Shoe, Mexico, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast for Drums*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast for Drums*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast for Drums*, Mexico, 2019–2030
- Brake Replacement Aftermarket: Growth Metrics, Brazil, 2023
- Brake Replacement Aftermarket: Size by Units & Revenue*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Pad*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Pad*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast by Type of Pad*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast for Discs/Rotors*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast for Discs/Rotors*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast for Discs/Rotors*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Caliper*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Caliper, Brazil, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast by Type of Caliper, Brazil, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Shoe, Brazil, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Shoe, Brazil, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast by Type of Shoe, Brazil, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast for Drums*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast for Drums*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast for Drums*, Brazil, 2019–2030
- Brake Replacement Aftermarket: Growth Metrics, Argentina, 2023
- Brake Replacement Aftermarket: Size by Units & Revenue, Argentina, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Pad*, Argentina, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Pad*, Argentina, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast by Type of Pad*, Argentina, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast for Discs/Rotors*, Argentina, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast for Discs/Rotors*, Argentina, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast for Discs/Rotors*, Argentina, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Caliper, Argentina, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Caliper, Argentina, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast by Type of Caliper, Argentina, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Shoe, Argentina, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Shoe, Argentina, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast by Type of Shoe, Argentina, 2019–2030
- Brake Replacement Aftermarket: Unit Shipment Forecast for Drums*, Argentina, 2019–2030
- Brake Replacement Aftermarket: Pricing Analysis Forecast for Drums*, Argentina, 2019–2030
- Brake Replacement Aftermarket: Revenue Forecast for Drums*, Argentina, 2019–2030
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This study covers the brake component aftermarket for passenger cars and light commercial vehicles (class 1 to 3) in Latin America, specifically Mexico, Brazil, and Argentina, in terms of both volume/units and value/revenue. The analysis includes unit shipment and revenue by automotive brake subcategories (i.e., brake pads, brake rotors/discs, brake shoes, brake drums, and brake calipers), and remanufactured sub-categories. The research discusses brake replacement aftermarket and average manufacturer-level prices and presents forecasts across different product segments, covering both the independent aftermarket (IAM) and original equipment supplier (OES) distribution channels. It also covers the share of distribution channels held across various product subcategories, including the revenue share of distribution channel participants. The base year for analysis is 2023 and the forecast period is from 2024 to 2030. In addition to market trends, industry growth opportunities tied to the emergence of new consumer patterns and the impact of vehicles in operation (VIO) figures are also provided.
Author: Benson Augustine
| Deliverable Type | Market Research |
|---|---|
| Author | Benson Augustine |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Replacement Brake Systems |
| Keyword 2 | LATAM brake systems market |
| Keyword 3 | Replacement brake trends |
| List of Charts and Figures | Brake Replacement Aftermarket: VIO by Country, LATAM, 2019–2030~ Brake Replacement Aftermarket: NVS by Country, LATAM, 2019–2030~ Brake Replacement Aftermarket: Average Km Driven by Country, LATAM, 2019–2030~ Brake Replacement Aftermarket: Growth Metrics, LATAM, 2023~ Brake Replacement Aftermarket: Units & Revenue, LATAM, 2019–2030~ Brake Replacement Aftermarket: Units by Component, LATAM, 2019–2030~ Brake Replacement Aftermarket: Revenue by Component, LATAM, 2019–2030~ Brake Replacement Aftermarket: Units by Country, LATAM, 2019–2030~ Brake Replacement Aftermarket: Revenue by Country, LATAM, 2019–2030~ Percent Revenue Breakdown of Distribution Channel by Product Type, LATAM, 2023~ Brake Replacement Aftermarket: Growth Drivers, LATAM, 2024–2030~ Brake Replacement Aftermarket: Growth Restraints, LATAM, 2024–2030~ Brake Replacement Aftermarket: Growth Metrics, Mexico, 2023~ Brake Replacement Aftermarket: Size by Units & Revenue, Mexico, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Pad*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Pad*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast by Type of Pad*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast for Discs/Rotors*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast for Discs/ Rotors*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast for Discs/Rotors*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Caliper*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Caliper, Mexico, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast by Type of Caliper, Mexico, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Shoe, Mexico, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Shoe, Mexico, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast by Type of Shoe, Mexico, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast for Drums*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast for Drums*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast for Drums*, Mexico, 2019–2030~ Brake Replacement Aftermarket: Growth Metrics, Brazil, 2023~ Brake Replacement Aftermarket: Size by Units & Revenue*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Pad*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Pad*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast by Type of Pad*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast for Discs/Rotors*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast for Discs/Rotors*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast for Discs/Rotors*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Caliper*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Caliper, Brazil, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast by Type of Caliper, Brazil, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Shoe, Brazil, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Shoe, Brazil, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast by Type of Shoe, Brazil, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast for Drums*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast for Drums*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast for Drums*, Brazil, 2019–2030~ Brake Replacement Aftermarket: Growth Metrics, Argentina, 2023~ Brake Replacement Aftermarket: Size by Units & Revenue, Argentina, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Pad*, Argentina, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Pad*, Argentina, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast by Type of Pad*, Argentina, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast for Discs/Rotors*, Argentina, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast for Discs/Rotors*, Argentina, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast for Discs/Rotors*, Argentina, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Caliper, Argentina, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Caliper, Argentina, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast by Type of Caliper, Argentina, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast by Type of Shoe, Argentina, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast by Type of Shoe, Argentina, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast by Type of Shoe, Argentina, 2019–2030~ Brake Replacement Aftermarket: Unit Shipment Forecast for Drums*, Argentina, 2019–2030~ Brake Replacement Aftermarket: Pricing Analysis Forecast for Drums*, Argentina, 2019–2030~ Brake Replacement Aftermarket: Revenue Forecast for Drums*, Argentina, 2019–2030~ |
| Podcast | No |
| WIP Number | KA73-01-00-00-00 |
Replacement Brake Systems, LATAM, 2024 2030
Replacement Brake Systems, LATAM, 2024 2030
Replacement Brake Systems Driving Transformational Growth Due to Shifting Preferences in Passenger Vehicle Category
RELEASE DATE
28-Jun-2024
28-Jun-2024
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: KA73-01-00-00-00
SKU: AU_2024_827
$4,950.00
In stock
SKU
AU_2024_827