U.S.: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in the U.S.

In 2022, the U.S. brakes and servo-brakes market increased by 8.3% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Brakes And Servo-Brakes Production in the U.S.

In value terms, brakes and servo-brakes production stood at $X in 2022. Over the period under review, production saw a slight descent. The most prominent rate of growth was recorded in 2015 with an increase of 10%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Brakes And Servo-Brakes Exports

Exports from the U.S.

In 2022, overseas shipments of brakes and servo-brakes were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2015 with an increase of 11% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, brakes and servo-brakes exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for brakes and servo-brakes exports from the United States, accounting for a 71% share of total exports. Moreover, brakes and servo-brakes exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), sevenfold. Australia (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-17.7% per year) and Australia (+1.2% per year).

In value terms, the largest markets for brakes and servo-brakes exported from the United States were Mexico ($X), Canada ($X) and Australia ($X), with a combined 88% share of total exports. Germany, China, Japan and the United Arab Emirates lagged somewhat behind, together comprising a further 4.7%.

The United Arab Emirates, with a CAGR of +5.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average brakes and servo-brakes export price stood at $X per ton in 2022, rising by 3.6% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brakes and servo-brakes export price increased by +61.9% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 44%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.

Brakes And Servo-Brakes Imports

Imports into the U.S.

In 2022, purchases abroad of brakes and servo-brakes increased by 62% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, brakes and servo-brakes imports soared to $X in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of brakes and servo-brakes to the United States, accounting for a 62% share of total imports. Moreover, brakes and servo-brakes imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. The third position in this ranking was held by India (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+4.2% per year) and India (+15.7% per year).

In value terms, the largest brakes and servo-brakes suppliers to the United States were Mexico ($X), China ($X) and India ($X), with a combined 75% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +11.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average brakes and servo-brakes import price amounted to $X per ton, waning by -22% against the previous year. Over the period under review, the import price continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 an increase of 4.6% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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