Report Overview:
The following report titled “Latin America Brakes Aftermarket Market: By Product Type (Brake Pads, Brake Shoes, Brake Rotors, Brake Drums, Brake Calipers), By Vehicle Type (Passenger Vehicle, Commercial Vehicle) and other forecast 2021-2026” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.
Latin America Brakes Aftermarket Market Summary
The Latin America Brakes Aftermarket Market is likely to grow at a CAGR of around 1.20% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The most prominent factor supporting the market growth is the shift toward producing lightweight & composite vehicles and installing advanced brakes to ensure the utmost safety.
Report Coverage & Details
- Forecast Period: 2021-2026
- Base Year: 2020
- CAGR: 1.20%
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Latin America Brakes Aftermarket Market Driver:
The prime factors likely to drive the Latin America Brakes Aftermarket Market in the forecast period include the rapidly increasing demand for improved safety solutions in vehicles and brake replacement through the aftermarkets. Furthermore, the massive investments by market players toward extensive R&D shall further drive the market in the coming years.
Segmentation Analysis: Latin America Brakes Aftermarket Market
By Product Type
- Brake Pads
- Brake Shoes
- Brake Rotors
- Brake Drums
- Brake Callipers
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Sales Channel
- Original Equipment Services (OES)
- Independent Aftermarket (IAM)
By Country
- Mexico
- Brazil
- Argentina
- Colombia
- Others
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Leading Players Analysis: Latin America Brakes Aftermarket Market
The report provides detailed analysis of key players in the Latin America Brakes Aftermarket market, highlighting their strategies and competitive scenario.
- Akebono Brake Industry
- Raybestos
- Brembo S.p.A.
- CARDONE Industries
- Continental AG
- ZF Friedrichshafen AG
- Federal-Mogul Motorparts LLC
- MAT Holding, Inc.
- Power Stop LLC.
- Others
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About us
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, Saudi Arabia, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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