Shifting gears: After years of strong growth, the industry will experience minor revenue losses moving forward
Automobile Brakes Manufacturing in the US The Automobile Brakes Manufacturing industry experienced improved demand over the five years to 2018. Gains in household income and consumer confidence, combined with low interest rates and pent-up demand, supported increased car sales. Overall, as automobile manufacturers responded to increased demand, they purchased more industry products. Despite gains, the industry has experienced strong competition from imports. Foreign automakers have increased their share of the domestic market, which typically limits the effect of new car demand on the industry. Over the next five years, the industry is forecast to experience a decline in overall revenue. Competition from foreign manufacturers is expected to increase and to hinder industry growth. Relatively inexpensive labor in foreign manufacturing nations may cause OEM and aftermarket companies to shift brake purchases from domestic to foreign manufacturers.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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