Brakes and servo-brakes market in Denmark

Earlier Report Observations

From 2018, the Danish brakes and servo-brakes market was shaped by new EU-type approval rules mandating dual-circuit brake systems on new tractors, increasing demand for modern braking equipment in the agricultural sector. Technological advancements for electric and hybrid vehicles, including lightweight designs and improved friction materials, began stimulating the aftermarket segment by 2020. The widespread adoption of electronic brake assistants such as ABS and ESP significantly raised component requirements, driving a sharp market expansion to $90.8 million in 2021.

Market volume stabilized at $91.1 million in 2022 as the industry prepared for upcoming EU regulatory tightenings for trailer and tractor brakes, including the future compulsory use of dual-circuit systems. Updated safety regulations for agricultural machinery in 2023 coincided with a temporary contraction to $81.7 million. By 2024, legislative changes to vehicle weight and dimension rules, along with proposed higher speed requirements for brake performance, fostered renewed growth, lifting the market to $106.8 million.

Throughout the period, continuous updates to EU and Danish safety legislation, combined with rapid technological progress in electronic and electromagnetic braking systems, created fluctuating demand patterns, ultimately supporting overall market expansion by 2024.

Production brakes and servo-brakes in Denmark

In value, 2018-2021, M $ US

After two consecutive years of decline, Denmark's production of brakes and servo-brakes rebounded. In 2021, output reached 109.4 million US dollars, marking a significant 36.1% increase compared to the previous year. Over the period from 2018 to 2021, production grew by 12.1%, which translates to an average annual growth rate of 3.9%. The lowest production value was recorded in 2020 at 80.4 million US dollars, following the largest decline of 11.4% in 2019.

Annual dynamics of production in Denmark in value, 2018-2021, M $ US

Exports brakes and servo-brakes from Denmark

Exports in kind, t

Following two years of contraction, Denmark's exports of brakes and servo-brakes in physical terms showed improvement. In 2021, exports amounted to 18,937 tonnes, representing a 12.8% increase from the prior year. However, from 2018 to 2021, overall exports decreased by 2.8%, averaging an annual decline of 0.9%. The lowest export volume was in 2020 at 16,793 tonnes, with the largest drop of 8.3% also occurring that year.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, Germany, Italy, and Romania were the top destinations for Denmark's brakes and servo-brakes exports in physical terms. Germany accounted for 25.9% of exports, Italy for 20.2%, and Romania for 10.5%. Combined, these three countries represented 56.7% of total exports in kind.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, M $ US

After a two-year downturn, Denmark's export value of brakes and servo-brakes recovered. In 2021, exports totaled 166.3 million US dollars, up by 18.9% from the previous year. Over the 2018–2021 period, exports increased by 2.5%, equating to an average annual growth rate of 0.8%. The lowest export value was recorded in 2020 at 139.9 million US dollars, which also saw the largest decline of 8.3%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, M $ US

Between 2018 and 2021, three key markets—Germany, Italy, and Sweden—collectively accounted for 52.3% of the total export value of brakes and servo-brakes from Denmark.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports brakes and servo-brakes to Denmark

Imports in kind, t

After two years of decline, Denmark's imports of brakes and servo-brakes in physical terms picked up. In 2021, imports reached 22,027 tonnes, showing a modest 8.5% increase year-over-year. The lowest import volume was in 2020 at 20,309 tonnes, with the largest decrease of 7.7% occurring in 2019.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

Throughout 2018–2021, China, Germany, and Italy were the primary sources for Denmark's imports of brakes and servo-brakes in physical terms. China led with 31.6% of imports, followed by Germany at 25.3%, and Italy at 10.6%. Together, these three countries made up 67.5% of total imports in kind.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, M $ US

Following two years of decline, Denmark's import value of brakes and servo-brakes rose. In 2021, imports amounted to 147.7 million US dollars, increasing by 23.2% compared to the previous year. From 2018 to 2021, imports grew by 2.3%, averaging an annual rate of 0.8%. The lowest import value was in 2020 at 119.9 million US dollars, after the largest drop of 13.3% in 2019.

Annual dynamics of product's imports to Denmark in value, 2018-2021, M $ US

In the 2018–2021 period, three main markets—Germany, China, and Italy—together accounted for 55.7% of the total import value of brakes and servo-brakes to Denmark.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021