Global Automotive Brake Shims Market, By Type (Rubber, Metal, Pressure Sensitive Adhesive (PSA) Material, Thermoset Material), Application (Two Wheeler, Passenger Vehicle, Commercial Vehicle), Sales Channel (OEM, Aftermarket) - Industry Trends and Forecast to 2031.
Automotive Brake Shims Market Analysis and Size
Brake shims refer to the thin layers of rubber or metal fitting between the brake pads and the rotors in order to correct small imperfections that cause brake noise. The brake pads act as anti-vibration pads for many new vehicles at the most basic level. These fittings prevent the mat and rotor from colliding with each other or screaming.
Data Bridge Market Research analyzes that global automotive brake shims market which was USD 355.52 million in 2023 will rise up to USD 558.15 million by 2031, and is expected to undergo a CAGR of 5.14% during the forecast period. The “automotive” dominate the application segment of global automotive brake shims market because of the indispensable role brake shims play in enhancing vehicle safety and performance. With a continual emphasis on regulatory compliance and technological advancements within the automotive industry, there is a heightened demand for advanced brake shims to meet evolving safety standards and consumer expectations.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Rubber, Metal, Pressure Sensitive Adhesive (PSA) Material, Thermoset Material), Application (Two Wheeler, Passenger Vehicle, Commercial Vehicle), Sales Channel (OEM, Aftermarket)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Wilwood Engineering, Inc. (USA), A.T.E. Private Limited (India), Brembo S.p.A. (Italy), EBC Brakes (U.K.), ICER BRAKES S.A. (Spain), Nisshinbo Holdings Inc. (Japan), Wagner GmbH (Germany), Showa Denko Materials Co., Ltd. (Japan), Hawk Performance (U.S.), Hunan BoYun Automobile Brake Materials Co., Ltd. (China), Sangsin Brake Co., Ltd. (South Korea), KFE Brake Systems (U.S.), Brakewel Automotive Components India Private Limited (India), TMD FRICTION HOLDINGS GMBH (Germany), GUD Holdings Limited (Australia), Sundaram Brake Linings Ltd. (India), CENTRIC PARTS. (U.S.), Ford Motor Company (U.S.), Allied Nippon (India), Tenneco Inc. (U.S.), ZF Friedrichshafen AG (Germany), MAT Holding, Inc. (Spain), Rane Brake Lining Limited (India), and Akebono Brake Corporation (Japan)
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Market Opportunities
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Market Definition
The global automotive brake shims market, as of the latest data available, encompassed the production, distribution, and consumption of specialized components designed to mitigate noise and enhance braking performance in vehicles. It involved various industry players engaged in the manufacturing and supply of brake shims, meeting the dynamic demands of the automotive sector for safety and comfort solutions.
Global Automotive Brake Shims Market Dynamics
Drivers
- Regulatory Compliance and Safety Standards
The increasing stringency of global safety regulations, such as those imposed by organizations like NHTSA and Euro NCAP, is a key driver for the automotive brake shims market. Manufacturers are compelled to enhance brake systems, including the use of advanced shims, to meet these standards and ensure the safety of vehicles.
- Rising Demand for Noise Reduction
As consumer expectations for quieter and smoother rides grow, there is a rising demand for automotive brake shims designed to minimize noise during braking. This drive is pushing manufacturers to invest in research and development, creating innovative shim technologies that address noise issues without compromising braking performance.
- Technological Advancements and Material Innovations
Ongoing technological advancements and material innovations in the automotive industry are driving the adoption of advanced brake shim materials. Lightweight and durable materials, coupled with advanced manufacturing processes, contribute to improved brake performance, longevity, and overall efficiency.
Opportunities
- Growing Electric Vehicle Market
The increasing adoption of electric vehicles (EVs) presents a significant opportunity for the automotive brake shims market. EVs often require specialized brake systems, creating a demand for customized shims that cater to the unique characteristics of electric propulsion systems.
- Expansion in Emerging Markets
With the automotive industry expanding into emerging markets, there is a vast opportunity for the brake shims market to grow. As these markets witness an increase in vehicle production and consumer demand, there is a corresponding need for high-quality brake systems, including advanced shims.
- Collaborations and Partnerships
Collaborations between brake system manufacturers and automotive OEMs provide an opportunity for innovation and market expansion. Strategic partnerships can lead to the development of tailor-made solutions, addressing specific requirements and preferences of different vehicle models and segments.
Challenge/ Restraints
- Cost and Pricing Pressures
The automotive brake shims market faces challenges related to cost and pricing pressures. Manufacturers need to balance the integration of advanced technologies and materials with cost-effective solutions to remain competitive in the market, often leading to thin profit margins.
- Limited Awareness and Education
A lack of awareness among consumers regarding the importance of brake shims and their role in enhancing safety and performance poses a restraint. The industry needs to invest in education and marketing to increase consumer understanding and appreciation of the value-added by advanced brake shim technologies.
- Environmental Impact and Sustainability
The automotive industry is increasingly focused on sustainability, posing a challenge for the brake shims market. Balancing the need for high-performance materials with environmental considerations is a challenge, requiring manufacturers to develop eco-friendly solutions without compromising on safety and performance. Meeting both regulatory and consumer expectations for sustainability is a complex task that the industry needs to address.
The global automotive brake shims market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In February 2022, a bill suggesting a 30% tax credit for the acquisition of new electric bicycles in the United States was approved by the US House of Representatives. The North American Electric Bike Association (NAEB) reported a significant 40% surge in e-bike sales throughout North America in 2022, with Class 1 e-bikes leading the growth trajectory. The overarching objective is to enhance affordability for Americans interested in electric bikes, leading to a rising global demand for Class 1 e-bikes
Global Automotive Brake Shims Market Scope
Global automotive brake shims market is segmented on the basis of type and applications. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Rubber
- Metal
- Pressure Sensitive Adhesive (PSA) Material
- Thermoset Material
Application
- Two Wheeler
- Passenger Vehicle
- Commercial Vehicle
Sales Channel
- OEM
- Aftermarket
Global Automotive Brake Shims Market Region Analysis/Insights
Global automotive brake shims market is analyzed and market size insights and trends are provided by of type and applications as referenced above.
The countries covered in global automotive brake shims market are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East and Africa.
Asia-Pacific is expected to dominate the market growth during the forecast period of 2024 to 2031 due to its robust automotive industry, substantial vehicle production, and increasing demand for noise reduction solutions in braking systems. The region's economic growth, coupled with a surge in automobile sales, positions Asia-Pacific as a key hub for brake shim manufacturing and innovation. Additionally, the focus on cost-effective solutions and the presence of major automotive component manufacturers contribute to its dominance in the market.
Europe is expected to be the fastest-growing region due to rapid growth in the demand for sports vehicles, driving an increase in both Original Equipment Manufacturer (OEM) and aftermarket sales within the automotive brake shims market. The region's automotive industry is thriving, providing automakers with ample flexibility to adopt innovative solutions that enhance the efficiency of diverse industrial and urban operations.
The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Global automotive brake shims market also provides you with a detailed market analysis for every region’s growth in infrastructure development for capital equipment, installed base of different kinds of products for Global Automotive Brake Shims Market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2016-2021.
Competitive Landscape and Automation Automotive Brake Shims Market Share Analysis
Global automotive brake shims market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive brake shims market.
Some of the major players operating in global automotive brake shims market are:
- Wilwood Engineering, Inc. (U.S.)
- A.T.E. Private Limited (India)
- Brembo S.p.A. (Italy)
- EBC Brakes (U.K.)
- ICER BRAKES S.A. (Spain)
- Nisshinbo Holdings Inc. (Japan)
- J. Wagner GmbH (Germany)
- Showa Denko Materials Co., Ltd. (Japan)
- Hawk Performance (USA)
- Hunan BoYun Automobile Brake Materials Co., Ltd. (China)
- Sangsin Brake Co., Ltd. (South Korea)
- KFE Brake Systems (USA)
- Brakewel Automotive Components India Private Limited (India)
- TMD FRICTION HOLDINGS GMBH (Germany)
- GUD Holdings Limited (Australia)
- Sundaram Brake Linings Ltd. (India)
- CENTRIC PARTS. (U.S.)
- Ford Motor Company (U.S.)
- Allied Nippon (India)
- Tenneco Inc. (U.S.)
- ZF Friedrichshafen AG (Germany)
- MAT Holding, Inc. (Spain)
- Rane Brake Lining Limited (India)
- Akebono Brake Corporation (Japan)
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