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  5. > North American Class 4–8 Commercial Vehicle Wheel End Brake Components Aftermarket

North American Class 4–8 Commercial Vehicle Wheel End Brake Components Aftermarket

  • July 2013
  • -
  • Frost & Sullivan
  • -
  • 101 pages

Summary

Table of Contents

Wheel End Brake Components to Generate Strong Revenue

The North American class 4–8 commercial vehicle wheel end brake components aftermarket is a mature market undergoing shifts in its competitive landscape. Domestic manufacturers face intense competition and pricing pressure from off-shore manufacturers/sourcing, eroding the market shares of top competitors. The recent economic volatility combined with an average truck population close to 10 years old and high price sensitivity of consumers contribute to the proliferation of low-cost foreign imports. The forecast period is 2012–2019, and primary and secondary research was used to determine the total size, revenue, competitive market shares, and impact of off-shore imports in the wheel end brake component aftermarket.

Key Findings

1. Total market revenue for the commercial vehicle wheel end brake components aftermarket is expected to grow steadily from $X million in 2012 to $X million in 2019 at a CAGR of XX%.
2. Total market unit shipment for 2013 is projected to reach Xmillion units, with pneumatic drum brakes (Xmillion) and hydraulic brake rotors (Xmillion) sharing the majority of the market.
3. The forces driving the engine of growth in the wheel end brake components aftermarket will be from X crucial factors: Strengthening safety regulations, economic volatility, and growth in vehicles in operation (VIO).
4. Distribution channel revenue is expected to increase slightly in the original equipment service (OES) channel, holding X% by 2019. Strategic planning in offering a diverse product portfolio and competitive price points that target all consumers in the market will drive this increase.
5. Participant market shares are expected to be relatively stable throughout the forecast period because of the market’s maturity and concentration as well as high levels of competitive strengths exhibited by all major manufacturers.

Competitive Positioning of Key Industry Participants

Total Class 4–8 Commercial Vehicle Wheel End Brake Components Aftermarket: Competitive Landscape, North America, 2012

Drums: Meritor, Inc.
Rotors: Federal-Mogul Corporation
Calipers: Federal-Mogul
Wheel Hubs: Webb Wheel

Drums: Webb Wheel Products, Inc.
Rotors: Webb Wheel
Calipers: Bendix
Wheel Hubs: ConMet

Drums: Gunite
Rotors: Bendix Commercial Vehicles Systems LLC
Calipers: Meritor
Wheel Hubs: Gunite

Drums: Consolidation Metco (ConMet)
Rotors: Meritor
Calipers: Dayton Parts, LLC
Wheel Hubs: Meritor

Key Findings and Future Outlook

The wheel end brake components aftermarket is a mature market that is experiencing intense competition.

Pricing
Current:
The market is mature, making pricing a key competitive aspect in this market. Manufacturers are challenged by the purchasing power of distributors, high market price sensitivity, and low product differentiation among market participants.
Future:
Average pricing for wheel end brake components will rise on the back of increasing raw material costs and technological advancements.

Competition
Current:
The North American market is threatened by the penetration of low-cost, offshore parts that are diminishing the market shares of major domestic manufacturers.
Future:
Domestic manufacturers’ product portfolio strategies will keep the competitive landscape fairly stable in all markets.
Market concentration and the competitive strengths of the major participants represent a formidable barrier to entry.

Technology
Current:
Current market technology is focused on effectively meeting strengthening safety standards with the introduction of air disc brakes (ADB) and larger drum brakes.
Future:
Manufacturers will offer lighter weight components combined with increased durability and performance.

Distribution
Current:
The OES channel’s consistently high share as well as its ability to service revolutionary product segments are key to increasing market share.
Distributors in the wheel end brake components aftermarket typically wield a high degree of purchasing power.
Future:
Overall channel revenue is expected to remain stable; A large shift in channel revenue share generally occurs only during periods of market volatility, which is not expected.

Safety Regulations
Current:
Compliance, safety, accountability (CSA), and strengthening stopping distance regulations significantly impact the wheel end brake components aftermarket. Fleets are increasingly concerned about the inability to meet these strict regulations.
Future:
Future safety regulations will continue to drive the technological advancements of wheel end brake components.

Aim

The aim of this study is to research, analyze, and forecast the aftermarket demand and market competition for class 4–8 commercial vehicle wheel end brake components in the North American aftermarket.

Objectives

•Provide a strategic overview of the wheel end brake components aftermarket, including the impact of regulations, technology trends, and market drivers and restraints.
•Determine the market size in unit shipment and revenue for the 2012 base year and develop a forecast for wheel end brake components (brake drums, brake rotors, callipers, and wheel hubs) in the aftermarket through 2019.
•Provide market shares and competitive analyses of key wheel end brake components aftermarket suppliers.
•Analyze the size and direction of the main distribution channels.

Key Questions this Study Will Answer

• What is the outlook for the class 4–8 commercial vehicle wheel end brake components aftermarket?
• Which market segments are growing the fastest and why?
• Which distribution channels are growing the fastest and why?
• Who supplies the OES channel and large warehouse distributors in the aftermarket?
• What are the current and future strategies that will foster growth for participants in the class 4–8 commercial vehicle wheel end brake components aftermarket?

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