Market for Motor Vehicle Brake System in the United States
In value terms, motor vehicle brake system production expanded slightly to $ in . The total output value increased at an average annual rate of +% over the period from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of %. Motor vehicle brake system production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
The size of the motor vehicle brake system market in the United States totaled $ in , with an increase of % against 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). Over the period under review, consumption showed resilient growth. Motor vehicle brake system consumption peaked in and is likely to see steady growth in the immediate term.