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The base year for analysis is 2020 and the forecast period is from 2021 to 2027. This research service covers passenger cars and light commercial vehicles brake parts aftermarket in terms of volume (million units) and value ($ million) covering the North American region, namely the US and Canada. It discusses unit shipment, revenue, average price, and distribution channel share for five product types, namely, brake pads, brake rotors, brake calipers, brake shoes, and brake drums. Increase in Vehicles in Operation (VIO), coupled with rising average vehicle age, will primarily drive unit shipment during the forecast period. Due to the marginal increase in average price per unit, revenue is expected to grow faster than the unit shipment. ....
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