The automotive brake linings market share is expected to increase by USD 132.86 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.88%.
This automotive brake linings market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive brake linings market segmentation by application (passenger vehicles and commercial vehicles) and geography (APAC, Europe, North America, South America, and MEA). The automotive brake linings market report also offers information on several market vendors, including Aisin Corp., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Haldex AB, Nisshinbo Holdings Inc., Rane Holdings Ltd., Sundaram Brake Linings Ltd., Super Circle Auto Ltd., and TBK Co. Ltd. among others.
What will the Automotive Brake Linings Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Automotive Brake Linings Market Size for the Forecast Period and Other Important Statistics
Automotive Brake Linings Market: Key Drivers and Challenges
The easy availability of low-cost brake linings is notably driving the automotive brake linings market growth, although factors such as frequent vehicle recalls due to brake-related issues may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive brake linings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Brake Linings Market Driver
Brake linings are a common component and are easily available and affordable. The brake linings made of asbestos material are cheaper to manufacture and thus form an integral part of automotive brake systems. Brake linings, being a standard fitment in brake shoes and pads, are included in the cost of brake shoes and pads. This means that brake linings are inexpensive and cost-effective for automakers. In addition, the availability of numerous regional and global brake lining manufacturers further intensifies the competition, leading to price wars. Brake products from both domestic and foreign players are easily available offline as well as on online distribution channels. The convenient product availability and low cost have been playing an instrumental role in driving the penetration of brake products in automobiles.
Key Automotive Brake Linings Market Challenge
The number of vehicle recalls has increased over the years. Mostly, such recalls occur to address issues related to malfunctioning of a system or component, which may develop a fault during the product’s life cycle. In such cases, the automaker recalls the vehicles with potential issues voluntarily to rectify or resolve them. There have been such recalls related to brake pads or shoes, which include brake linings as well. Such recalls related to brake pads, and their assemblies have increased in the past couple of years. Hence, the increase in the number of such occurrences acts as a challenge to the growth of the global automotive brake linings market, as they raise safety concerns as well as lead to cost liabilities.
This automotive brake linings market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Automotive Brake Linings Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Aisin Corp.
- Akebono Brake Industry Co. Ltd.
- Brembo Spa
- Continental AG
- Haldex AB
- Nisshinbo Holdings Inc.
- Rane Holdings Ltd.
- Sundaram Brake Linings Ltd.
- Super Circle Auto Ltd.
- TBK Co. Ltd.
This statistical study of the automotive brake linings market encompasses successful business strategies deployed by the key vendors. The automotive brake linings market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive brake linings market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Automotive Brake Linings Market?
For more insights on the market share of various regions Request for a FREE sample now!
56% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive brake linings in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
High consumption of commercial vehicles in countries such as China, India, and South Korea will facilitate the automotive brake linings market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Application Segments in the Automotive Brake Linings Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The automotive brake linings market share growth by the passenger vehicles segment will be significant during the forecast period. The stringent safety standards aimed at improving vehicle safety are acting as market enablers for the market in focus. The growing need for vehicle safety in passenger cars is driving the adoption of advanced safety systems in vehicles. The penetration rate of disc brakes in all wheels is increasing year-over-year, which is an important step toward safe vehicles.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive brake linings market size and actionable market insights on post COVID-19 impact on each segment.
|
Automotive Brake Linings Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.88% |
|
Market growth 2021-2025 |
$ 132.86 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
4.23 |
|
Regional analysis |
APAC, Europe, North America, South America, and MEA |
|
Performing market contribution |
APAC at 56% |
|
Key consumer countries |
China, US, Japan, Germany, and India |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Aisin Corp., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Haldex AB, Nisshinbo Holdings Inc., Rane Holdings Ltd., Sundaram Brake Linings Ltd., Super Circle Auto Ltd., and TBK Co. Ltd. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Automotive Brake Linings Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive automotive brake linings market growth during the next five years
- Precise estimation of the automotive brake linings market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive brake linings industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive brake linings market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch