Market Overview:
The global brake lathes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles, and rising awareness about safety features in vehicles. In terms of type, the 2-post lifts segment is expected to lead the global brake lathes market during the forecast period, followed by 4-post lifts and single-post lifts segments. In terms of application, passenger car segment is expected to lead the global brake lathes market during the forecast period, followed by commercial vehicle segment.
Product Definition:
A brake lathe is a machine tool used to turn brake drums and discs. The purpose of using a brake lathe is to remove the old brake material from the braking surface and then re-machine it so that new brakes can be installed.
2-Post Lifts:
2-Post lifts are used to raise and lower the work piece between two fixed stations. The first station is generally mounted on a vertical axis and the second on a horizontal one. 2-post lifts can be floor standing, wall mounted or ceiling suspended depending upon its location in the shop.
The growth factor for 2-post lift market is mainly driven by increasing demand from brake lathe industry as it’s widely used to change rotational speed.
4-Post Lifts:
4-Post lifts are used to raise and lower the work piece in a brake lathe. They consist of four legs, two arms, and a cross bar. The cross bar is used to support the work piece during rotation or lowering of the arm. It also helps in stabilizing the machine during heavy workloads by providing counter weighting to one side or another through outfeed or live center mechanisms.
Application Insights:
The passenger car segment dominated the global market in 2017 and is expected to maintain its dominance over the forecast period. The growing demand for passenger cars as a result of rapid urbanization, rising disposable income, and changing consumer preferences is anticipated to drive the growth of this segment.
The commercial vehicle segment was valued at USD 1,227.1 million in 2017 owing to increasing utilization of brake lathes for manufacturing trucks, buses and other forms of public transportation vehicles among others such as coaches or trains. Increasing government spending on infrastructure development along with technological advancements are projected to augment the product demand over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major automotive manufacturers, such as Toyota, Honda Motor Co., Ltd., Suzuki Motor Corporation and Hyundai Mobis, among others; along with a large number of suppliers in this region has resulted in high product demand. Furthermore, increasing investments by OEMs for manufacturing electric vehicles are likely to drive product demand further.
The growing production of passenger cars and commercial vehicles across emerging economies including India; China; Thailand; Indonesia etc.; is anticipated to augment industry growth over the next eight years. In addition, favorable government policies promoting energy conservation are also expected to drive braking system requirements on industrial equipment thereby driving industry growth over the forecast period.
North America accounted for a significant share owing to increased emphasis on vehicle safety standards by regulatory bodies like NHTSA (National Highway Traffic Safety Administration) & IIHS (Insurance Institute for Highway Safety).
Growth Factors:
- Increasing demand for brake lathes from the automotive industry as a result of the increasing production of vehicles.
- Growing demand for technologically advanced brake lathes that offer enhanced performance and precision.
- Rising adoption of brake lathes in small and medium-sized workshops due to their low cost and easy operability.
- Increasing investments by leading players in research and development activities to develop new technologies and products for the brake lathe market.
- Growing popularity of online sales channels through which customers can purchase brake lathes directly, thus eliminating the need for intermediaries
Scope Of The Report
Report Attributes
Report Details
Report Title
Brake Lathes Market Research Report
By Type
2-Post Lifts, 4-Post Lifts, Single-Post Lifts, Specialty Lifts
By Application
Passenger Car, Commercial Vehicle
By Companies
hofmann, Bendpak, Hunter, Ammco, Bosch, Jet, Car lifts plus, Rels, hofmann
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Brake Lathes Market Report Segments:
The global Brake Lathes market is segmented on the basis of:
Types
2-Post Lifts, 4-Post Lifts, Single-Post Lifts, Specialty Lifts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- hofmann
- Bendpak
- Hunter
- Ammco
- Bosch
- Jet
- Car lifts plus
- Rels
- hofmann
Highlights of The Brake Lathes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2-Post Lifts
- 4-Post Lifts
- Single-Post Lifts
- Specialty Lifts
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Brake Lathes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Brake lathes are used to cut brake discs and pads.
Some of the major players in the brake lathes market are hofmann, Bendpak, Hunter, Ammco, Bosch, Jet, Car lifts plus, Rels, hofmann.
The brake lathes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Brake Lathes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Brake Lathes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Brake Lathes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Brake Lathes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Brake Lathes Market Size & Forecast, 2020-2028
4.5.1 Brake Lathes Market Size and Y-o-Y Growth
4.5.2 Brake Lathes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 2-Post Lifts
5.2.2 4-Post Lifts
5.2.3 Single-Post Lifts
5.2.4 Specialty Lifts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Brake Lathes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Brake Lathes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 2-Post Lifts
9.6.2 4-Post Lifts
9.6.3 Single-Post Lifts
9.6.4 Specialty Lifts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 2-Post Lifts
10.6.2 4-Post Lifts
10.6.3 Single-Post Lifts
10.6.4 Specialty Lifts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 2-Post Lifts
11.6.2 4-Post Lifts
11.6.3 Single-Post Lifts
11.6.4 Specialty Lifts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 2-Post Lifts
12.6.2 4-Post Lifts
12.6.3 Single-Post Lifts
12.6.4 Specialty Lifts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 2-Post Lifts
13.6.2 4-Post Lifts
13.6.3 Single-Post Lifts
13.6.4 Specialty Lifts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Brake Lathes Market: Competitive Dashboard
14.2 Global Brake Lathes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 hofmann
14.3.2 Bendpak
14.3.3 Hunter
14.3.4 Ammco
14.3.5 Bosch
14.3.6 Jet
14.3.7 Car lifts plus
14.3.8 Rels
14.3.9 hofmann
