Automobile Brakes Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 33634Revenue
$10.8bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
19,713
Businesses
136
Wages
$X.Xbn
Automobile Brakes Manufacturing in the US industry analysis
Automobile brake manufacturers have struggled alongside the broader automotive sector through the current period. Unprecedented economic volatility associated with the pandemic and surging interest rates have threatened stability in key passenger and commercial vehicle markets, limiting growth opportunities. In particular, higher interest rates have pushed many consumers and businesses to prioritize repairs, which make up a small portion of total revenue, instead of new vehicles. Even so, strong freight demand and soaring e-commerce demand have created opportunities in commercial vehicle markets. Similarly, infrastructure investment has created demand, especially as municipalities replace diesel buses with electric models. Overall, revenue has faltered at an estimated CAGR of 3.4% to $10.8 billion through the current period, including a 0.4% drop in 2024, where profit reached 4.6%.
Trends and Insights
- Automobile brake manufacturers have struggled through most of the current period. Volatile supply chains, economic uncertainty and climbing interest rates have dampened growth opportunities despite strong performance in commercial markets.
- Disc brakes are widely used in passenger vehicles. Drum brakes are less common in passenger vehicles but remain an important facet of heavy-duty vehicle manufacturing.
- Most brake manufacturers operate near key buyers and suppliers. Most vehicle manufacturers have facilities in the Southeast and Great Lakes, contributing to higher concentrations.
- Brake manufacturers rely on strong reputations and connections with key buyers. Many companies forge long-term contracts with key automakers to generate revenue.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 3.4 % over the past five years, to reach an estimated $10.8bn in 2024.
Trends and Insights
Supply chain disruptions create volatility for brake manufacturers
- Automobile brake manufacturers have endured severe supply chain uncertainty following the pandemic and the Russian invasion of Ukraine. In particular, skyrocketing crude oil prices contributed to elevated ferrous and nonferrous metal purchasing costs.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Rebounding economic conditions will support revenue
- Despite severe economic challenges through the current period, including COVID-19, rampant inflation, climbing interest rates and recessionary fears, automobile brake manufacturers will benefit from rebounding economic conditions and rosier consumer confidence through the outlook period.
Biggest companies in the Automobile Brakes Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Aisin Seiki Co Ltd | 906.6 | 44.6 | 4.9 | |
Continental Ag | 181.0 | 17.3 | 9.6 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Automobile Brakes Manufacturing in the US
Products & Services
Industry revenue is measured across several distinct product and services lines, including Drum brake systems, Disc brake systems and All other brake parts . Drum brake systems is the largest segment of the Automobile Brakes Manufacturing in the US.
Trends and Insights
Disc brakes remain the standard
- Disc brakes use a brake caliper to pinch brake pads against the rotor, generating enough friction to slow the speed of the rotor. Vehicle manufacturers commonly use this product on the front wheels of vehicles.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Automobile Engine & Parts Manufacturing in the US
- Automobile Steering & Suspension Manufacturing in the US
Complementors
- Hose & Belt Manufacturing in the US
- Car & Automobile Manufacturing in the US
- SUV & Light Truck Manufacturing in the US
International industries
- Global Auto Parts & Accessories Manufacturing
- Auto Parts Manufacturing in Canada
- Motor Vehicle Parts and Accessories Manufacturing in Australia
- Motor Vehicle and Parts Manufacturing in New Zealand
- Motor Vehicle Parts & Accessories Manufacturing in the UK
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture and rebuild motor vehicle brake systems and related components for major US automakers and other foreign automakers that operate manufacturing operations in the United States.
What's included in this industry?
Drum brake systemsDisc brake systemsAll other brake partsRebuilt brakesCompanies
Aisin Seiki Co LtdContinental AgPurchase this report to view all 2 major companies in this industry.
Related Terms
ORIGINAL EQUIPMENT MANUFACTURER (OEM)REGENERATIVE BRAKESSCRAPPAGE RATETIER 1 SUPPLIERAFTERMARKETIndustry Code
NAICS 33634 - Automobile Brakes Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Automobile brake manufacturers have struggled through most of the current period. Volatile supply chains, economic uncertainty and climbing interest rates have dampened growt...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Disc brakes are widely used in passenger vehicles. Drum brakes are less common in passenger vehicles but remain an important facet of heavy-duty vehicle manufacturing.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Most brake manufacturers operate near key buyers and suppliers. Most vehicle manufacturers have facilities in the Southeast and Great Lakes, contributing to higher concentrat...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Brake manufacturers rely on strong reputations and connections with key buyers. Many companies forge long-term contracts with key automakers to generate revenue.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Most companies operate as subcontractors. These companies often handle orders from bigger automakers and other brake manufacturers to generate revenue.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Aisin Seiki Co Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Continental Ag's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Aisin Seiki Co Ltd, and factors influencing its performance in the industry
- Description and key data for Continental Ag, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Various regulations and incentive programs will change the industry's landscape. Many regulations will reduce copper usage in brakes while other incentives, like the IIJA and...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Companies have faced intense input price volatility. Supply chain disruptions have contributed to spiking metal prices, limiting profit opportunities, especially for smaller ...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Automobile Brakes Manufacturing in the US industry in United States in 2024?
The market size of the Automobile Brakes Manufacturing in the US industry in United States is $10.8bn in 2024.
How many businesses are there in the Automobile Brakes Manufacturing in the US industry in 2024?
There are 136 businesses in the Automobile Brakes Manufacturing in the US industry in United States, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Automobile Brakes Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Automobile Brakes Manufacturing in the US industry in United States has been declining at a CAGR of 3.4 % between 2019 and 2024.
What is the forecast growth of the Automobile Brakes Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Automobile Brakes Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Automobile Brakes Manufacturing in the US market in United States?
The biggest companies operating in the Automobile Brakes Manufacturing market in United States are Aisin Seiki Co Ltd and Continental Ag
What does the Automobile Brakes Manufacturing in the US in United States include?
Drum brake systems and Disc brake systems are part of the Automobile Brakes Manufacturing in the US industry.
Which companies have the highest market share in the Automobile Brakes Manufacturing in the US in United States?
The company holding the most market share in United States is Aisin Seiki Co Ltd.
How competitive is the Automobile Brakes Manufacturing in the US industry in United States?
The level of competition is moderate and increasing in the Automobile Brakes Manufacturing in the US industry in United States.
