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.
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