Global Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size

The global brakes and servo-brakes market totaled $X in 2022, surging by 2.3% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by 8.1%. Over the period under review, the global market hit record highs in 2022 and is expected to retain growth in the near future.

Brakes And Servo-Brakes Production

In value terms, brakes and servo-brakes production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a slight increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 8.6%. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Brakes And Servo-Brakes Exports

Exports

In 2022, shipments abroad of brakes and servo-brakes increased by 9.6% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, the global exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, brakes and servo-brakes exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X tons) represented the major exporter of brakes and servo-brakes, making up 41% of total exports. Germany (X tons) ranks second in terms of the total exports with a 10% share, followed by Mexico (7.8%), Poland (6.1%) and Italy (5%). Spain (X tons), the United States (X tons), the Czech Republic (X tons), France (X tons), India (X tons), Turkey (X tons) and South Korea (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +6.6% from 2012 to 2022. At the same time, India (+21.1%), Mexico (+12.7%), Poland (+9.2%), Turkey (+7.3%), the Czech Republic (+3.3%), Germany (+2.6%), Italy (+2.0%) and Spain (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.1% from 2012-2022. South Korea and France experienced a relatively flat trend pattern. By contrast, the United States (-3.9%) illustrated a downward trend over the same period. China (+8.5 p.p.), Mexico (+4.3 p.p.), Poland (+2.3 p.p.) and India (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while France, Germany and the United States saw its share reduced by -1.6%, -1.7% and -3.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 47% of global exports. The United States, Italy, Poland, the Czech Republic, France, Spain, South Korea, India and Turkey lagged somewhat behind, together accounting for a further 34%.

In terms of the main exporting countries, India, with a CAGR of +19.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average brakes and servo-brakes export price amounted to $X per ton, falling by -3.8% against the previous year. Over the period under review, the export price showed a mild slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 2.4% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the other global leaders experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports

In 2022, supplies from abroad of brakes and servo-brakes increased by 17% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.4% 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.

In value terms, brakes and servo-brakes imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons) and Germany (X tons) represented roughly 36% of total imports in 2022. It was distantly followed by Mexico (X tons), comprising a 5.6% share of total imports. The following importers - Poland (X tons), the UK (X tons), France (X tons), Italy (X tons), the Czech Republic (X tons), Russia (X tons), Canada (X tons), Sweden (X tons), Spain (X tons) and Slovakia (X tons) - together made up 33% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +9.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 39% of global imports. Canada, France, the UK, Poland, Italy, the Czech Republic, Russia, Slovakia, Spain and Sweden lagged somewhat behind, together comprising a further 29%.

Poland, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average brakes and servo-brakes import price stood at $X per ton in 2022, reducing by -6.5% against the previous year. In general, the import price recorded a slight setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 3.9% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+0.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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