Pro
07K14K21K28KUSD Mn201820192020202120222023202420252026
OEM
Aftermarket
Automotive
Asia-Pacific Automotive Suspension System Market Size, By Sales Channel (2018-2027)
| Label | South America | Argentina | Brazil | Rest of South America |
|---|---|---|---|---|
| 2018 | 1216.56 USD Mn | 110.64 USD Mn | 754.75 USD Mn | 351.17 USD Mn |
| 2019 | 1240.25 USD Mn | 112.27 USD Mn | 773.57 USD Mn | 354.41 USD Mn |
| 2020 | 1192.03 USD Mn | 107.18 USD Mn | 748.67 USD Mn | 336.18 USD Mn |
| 2021 | 1162.96 USD Mn | 103.86 USD Mn | 736.07 USD Mn | 323.03 USD Mn |
| 2022 | 1206.99 USD Mn | 106.79 USD Mn | 769.54 USD Mn | 330.67 USD Mn |
| 2023 | 1279.54 USD Mn | 112.27 USD Mn | 821.38 USD Mn | 345.89 USD Mn |
| 2024 | 1356.70 USD Mn | 118.05 USD Mn | 876.04 USD Mn | 362.61 USD Mn |
| 2025 | 1440.65 USD Mn | 124.22 USD Mn | 935.16 USD Mn | 381.28 USD Mn |
| 2026 | 1528.85 USD Mn | 130.59 USD Mn | 997.35 USD Mn | 400.91 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Brazil accounted for the largest market share in 2019 in the South America automotive braking system market, and is expected to reach USD 997.35 Million in 2026 from USD 773.57 Million in 2019.This market is projected to grow at a CAGR of 4.90% during the forecast period from 2020 - 2026. abs segment accounted for the largest market share in 2019, this market is expected to reach USD 1030.40 Million in 2026 from USD 825.01 Million in 2019. This market is projected to grow at a CAGR of 4.52% during the forecast period from 2020 - 2026. disc brake segment accounted for the larger market share in 2019, this market is expected to reach USD 1168.45 Million in 2026 from USD 931.71 Million in 2019. This market is projected to grow at a CAGR of 4.53% during the forecast period from 2020 - 2026. However, disc brake segment is the fastest growing market, which is expected to grow at a CAGR of 4.53% during the forecast period 2020 - 2026. master cylinder segment accounted for the largest market share in 2019, this market is expected to reach USD 435.44 Million in 2026 from USD 316.29 Million in 2019.
This market is projected to grow at a CAGR of 5.92% during the forecast period from 2020 - 2026. However, master cylinder segment is the fastest growing market, which is expected to grow at a CAGR of 5.92% during the forecast period 2020 - 2026. pcv segment accounted for the largest market share in 2019, this market is expected to reach USD 1203.01 Million in 2026 from USD 959.98 Million in 2019. This market is projected to grow at a CAGR of 4.50% during the forecast period from 2020 - 2026.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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