United States's Brakes and Servo-Brakes Market to Experience Slight Growth with +0.5% CAGR - News and Statistics - IndexBox

Mar 20, 2025

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IndexBox has just published a new report: U.S. - Brakes And Servo-Brakes - Market Analysis, Forecast, Size, Trends And Insights.

The brakes and servo-brakes market in the United States is expected to see a slight increase in performance, with a forecasted CAGR of +0.5% for volume and +0.7% for value from 2024 to 2035. This growth is attributed to the rising demand for brakes in the country, leading to an upward consumption trend over the coming years.

Driven by rising demand for brakes and servo-brakes in the United States, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.5% for the period from 2024 to 2035, which is projected to bring the market volume to 1.7M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.7% for the period from 2024 to 2035, which is projected to bring the market value to $11.2B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of brakes and servo-brakes decreased by -1.9% to 1.6M tons, falling for the seventh consecutive year after five years of growth. Over the period under review, consumption showed a mild descent. Brakes and servo-brakes consumption peaked at 2.2M tons in 2017; however, from 2018 to 2024, consumption failed to regain momentum.

The value of the brakes and servo-brakes market in the United States fell slightly to $10.4B in 2024, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a noticeable contraction. The pace of growth was the most pronounced in 2023 when the market value increased by 7.9% against the previous year. Brakes and servo-brakes consumption peaked at $18B in 2014; however, from 2015 to 2024, consumption remained at a lower figure.

Brakes and servo-brakes production in the United States contracted rapidly to 420K tons in 2024, waning by -17.3% compared with 2023. Over the period under review, production faced a abrupt decrease. The growth pace was the most rapid in 2023 with an increase of 53%. Over the period under review, production attained the peak volume at 2M tons in 2017; however, from 2018 to 2024, production remained at a lower figure.

In value terms, brakes and servo-brakes production contracted markedly to $2.1B in 2024. In general, production recorded a abrupt slump. The pace of growth was the most pronounced in 2023 when the production volume increased by 57%. Over the period under review, production attained the peak level at $11.7B in 2016; however, from 2017 to 2024, production stood at a somewhat lower figure.

Brakes and servo-brakes imports into the United States rose modestly to 1.2M tons in 2024, with an increase of 3.7% against the year before. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2022 when imports increased by 26%. As a result, imports attained the peak of 1.3M tons. From 2023 to 2024, the growth of imports failed to regain momentum.

In value terms, brakes and servo-brakes imports expanded notably to $7.3B in 2024. Overall, total imports indicated a perceptible increase from 2013 to 2024: its value increased at an average annual rate of +4.6% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +52.9% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of 25% against the previous year. Imports peaked in 2024 and are expected to retain growth in the near future.

In 2023, China (538K tons) constituted the largest supplier of brakes and servo-brakes to the United States, with a 48% share of total imports. Moreover, brakes and servo-brakes imports from China exceeded the figures recorded by the second-largest supplier, Mexico (172K tons), threefold. India (87K tons) ranked third in terms of total imports with a 7.8% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+4.6% per year) and India (+17.4% per year).

In value terms, the largest brakes and servo-brakes suppliers to the United States were Mexico ($3.2B), China ($1.6B) and India ($344M), together comprising 75% of total imports.

Mexico, with a CAGR of +12.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2023, the average brakes and servo-brakes import price amounted to $6,145 per ton, surging by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. Over the period under review, average import prices reached the peak figure at $9,461 per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Mexico ($18,728 per ton), while the price for China ($3,067 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

For the third consecutive year, the United States recorded decline in shipments abroad of brakes and servo-brakes, which decreased by -45.6% to 20K tons in 2024. In general, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, the exports reached the maximum at 412K tons in 2017; however, from 2018 to 2024, the exports remained at a lower figure.

In value terms, brakes and servo-brakes exports declined to $2.5B in 2024. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 when exports increased by 12%. The exports peaked at $3.1B in 2018; however, from 2019 to 2024, the exports stood at a somewhat lower figure.

Mexico (32K tons) was the main destination for brakes and servo-brakes exports from the United States, accounting for a 86% share of total exports. Moreover, brakes and servo-brakes exports to Mexico exceeded the volume sent to the second major destination, Canada (12K tons), threefold. China (2.1K tons) ranked third in terms of total exports with a 5.7% share.

From 2013 to 2023, the average annual growth rate of volume to Mexico totaled -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-22.6% per year) and China (-10.2% per year).

In value terms, the largest markets for brakes and servo-brakes exported from the United States were Mexico ($1.3B), Canada ($1.1B) and Australia ($63M), with a combined 90% share of total exports.

Mexico, with a CAGR of +4.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2023, the average brakes and servo-brakes export price amounted to $74,826 per ton, rising by 53% against the previous year. In general, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 498%. The export price peaked in 2023 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 Australia ($102,113 per ton), while the average price for exports to the UK ($7,538 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the brakes and servo-brakes market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

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