Global Automotive Brake Shims Market, By Material (Stainless Steel, Rubber Coated, Aluminum, and Others), Function (Noise Reduction, Vibration Damping, and Heat Dissipation), Sales Channel (New OEM and Aftermarket), Vehicle Type (Passenger Cars, Commercial Vehicles, and Two Wheelers) - Industry Trends and Forecast to 2031.
Automotive Brake Shims Market Analysis and Size
The global automotive brake shims market is experiencing steady growth, driven by increasing vehicle production and the rising demand for advanced braking systems. Factors such as the need for noise reduction, enhanced braking performance, and stringent safety regulations are fueling the demand for brake shims. Key players are investing in innovative materials and technologies to improve the efficiency and durability of brake shims, while regional markets in Asia-Pacific and North America are showing significant expansion due to high automotive production rates and the adoption of electric vehicles.
Data Bridge Market Research analyses that the global automotive brake shim market is expected to reach a value of USD 689,118.13 thousand by 2031, from USD 487,676.47 thousand in 2023, growing at a CAGR of 4.5% during the forecast period of 2024 to 2031.
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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 Thousand
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Segments Covered
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Material (Stainless Steel, Rubber Coated, Aluminum, and Others), Function (Noise Reduction, Vibration Damping, and Heat Dissipation), Sales Channel (New OEM and Aftermarket), Vehicle Type (Passenger Cars, Commercial Vehicles, and Two Wheelers)
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Countries Covered
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U.S., Canada, Mexico, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Poland, Belgium, Sweden, Switzerland, Turkey, Norway, Denmark, Finland, Rest of Europe, Saudi Arabia, U.A.E., Egypt, South Africa, Israel, Qatar, Kuwait, Bahrain, Oman, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Trelleborg AB, Nisshinbo Holdings Inc., Hella Pagid GmbH, ADVICS Aftermarket North America, ZF Friedrichshafen AG, Super Circle Auto Limited, Brickham Stamping Company, Inc., AKEBONO BRAKE INDUSTRY CO., LTD., Robert Bosch LLC, Valeo, Stanztechnik Schulte GmbH, ITT INC. (Wolverine), Meneta, BRAKE PERFORMANCE, EBC Breaks, PHINIA Inc., Trinity Brand Industries, DRiV Inc. (Part of Tenneco), Rizhao DSS International Trading Co., Ltd, and TMD Friction Holdings GmbH among others.
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Market Definition
Automotive brake shims are thin layers of material, often made from rubber, metal, or composite materials, inserted between the brake pads and the brake caliper. Their primary purpose is to reduce noise and vibration during braking by dampening the high-frequency vibrations generated when the brake pads make contact with the rotors. These vibrations can otherwise manifest as squealing or rattling sounds. Brake shims also help to prevent brake pad wear unevenness and improve braking performance by ensuring consistent contact and minimizing brake noise, ultimately enhancing the overall comfort and reliability of the braking system in vehicles.
Global Automotive Brake Shim Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Rising production of Electric Vehicles (EVs)
The rising production of Electric Vehicles (EVs) drives the automotive brake shim market as EVs require advanced braking systems to manage regenerative braking and noise reduction. As EV adoption increases, the demand for high-performance, noise-dampening brake shims grows, supporting the overall market expansion.
- Rising Adoption of Active Safety Systems in Modern Vehicles
The automotive industry is witnessing a significant shift towards enhanced safety measures, driven by the rising adoption of active safety systems in modern vehicles. These systems, which include Anti-lock Braking Systems (ABS), Electronic Stability Control (ESC), and Advanced Driver Assistance Systems (ADAS), are designed to prevent accidents and improve vehicle control under various driving conditions. ABS, for instance, prevents wheel lockup during sudden braking, ensuring that the driver maintains steering control. ESC helps maintain vehicle stability by automatically applying brakes to individual wheels if a loss of control is detected. ADAS encompasses a range of technologies, including lane-keeping assist, adaptive cruise control, and automatic emergency braking, all of which contribute to safer driving experiences.
Opportunities
- Integrating with Smart Vehicle Technologies to Enhance Braking Performance and Safety
The integration of smart vehicle technologies presents a significant opportunity for the automotive brake shims market to enhance braking performance and safety. By leveraging advancements such as electronic sensors and brake-by-wire systems, brake shims can be optimized to work synergistically with these technologies. This integration allows for real-time monitoring of brake conditions and adjustments, improving responsiveness and efficiency. Furthermore, smart technologies enable predictive maintenance capabilities, alerting drivers and service providers to potential issues before they escalate. As automakers and consumers alike embrace connected and autonomous vehicles, the demand for intelligent brake shim solutions is poised to grow, driving innovation in the market.
- Demand for Replacement Parts and Aftermarket Customization Options
The automotive brake shims market is witnessing increasing demand for replacement parts and aftermarket customization options. As vehicles age, there is a growing need for brake shims to ensure optimal performance and safety. Moreover, aftermarket customization options are becoming popular among vehicle owners seeking to enhance braking efficiency or personalize their vehicles. This trend is driven by technological advancements in automotive engineering and a rising consumer preference for customized solutions that cater to specific driving needs and preferences. Overall, the automotive brake shims market is evolving to meet both functional and individualistic demands of vehicle owners.
Restraints/Challenges
- Fluctuating raw material prices
Fluctuating raw material prices restrain the automotive brake shim market by increasing production costs and creating pricing uncertainties. Variations in the costs of metals, rubber, and composites used in brake shims impact manufacturers' profit margins and can lead to higher prices for end consumers, hindering market growth.
- Shortage of raw material leads delay
Shortages of raw materials lead to production delays in the automotive brake shim market, disrupting supply chains and extending lead times. This affects manufacturers' ability to meet demand, resulting in potential revenue losses and delays in vehicle production, thereby restraining market growth.
Recent Developments
- In May 2024, Meneta Group has inaugurated a new manufacturing facility in Dalian, China, to boost production capabilities and expand its market presence. Outfitted with advanced fineblanking and stamping lines, this state-of-the-art facility enables Meneta to efficiently produce millions of backing plates and accessories, including brake shims, meeting the increasing market demands while reaffirming its dedication to quality and innovation
- In January 2023, Meneta Group has patented SmartStack, a new shim production method combining two rubber types for enhanced noise reduction. This innovation, with a unique four-layer structure, offers a broad damping range compared to traditional shims. Meneta, with in-house capabilities for both liquid and calendered rubber technology, can produce superior brake shims, positioning the company to excel in both OE and aftermarket applications worldwide. This results in a more durable product with reduced noise, oozing, drag, and off-brake noise, thus extending pad life and overall performance
- In May 2024, PHINIA INC.’s brand Delphi has unveiled cutting-edge EV brake pads with an advanced coating that ensures reliable braking performance from the first use. Designed for quiet operation and sustainability, these pads are ideal for high-end electric vehicles like the Kia EV9 and Mercedes-Benz EQ series. This development boosts Delphi's market position and customer satisfaction. The incorporation of multi-layered shims significantly reduces noise and vibration, meeting the high standards of performance and comfort demanded by electric vehicle drivers
- In February, Robert Bosch GmbH entered into an agreement to sell its Brake Components business, including Buderus Guss GmbH and Robert Bosch Lollar Guss GmbH, to AEQUITA SE & Co. KGaA. AEQUITA aims to transform the business into a leading brake disc manufacturer, focusing on decarbonization and low-emission products. This acquisition enhances AEQUITA's automotive division, now generating over EUR 2.5 billion in revenue. The transaction is expected to complete in the second quarter of 2024, pending regulatory approval
- In September 2024, Stanztechnik Schulte GmbH of Altenkirchen, Germany, received the certification for compliance with IATF 16949:2016 standards, focusing on the manufacture of stamped parts. The certificate, issued on September 6, 2021, remains valid until September 5, 2024, contingent upon the company maintaining its management system in line with Intertek's certification requirements.
Global Automotive Brake Shims Market Scope
Global automotive brake shims market is segmented into four notable segments which are based on the material, function, sales channel, and vehicle type. The growth amongst these segments will help you analyse meagre 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.
Materials
- Stainless Steel
- Rubber Coated
- Aluminum
- Others
On the basis of material, the global automotive brake shims market is segmented into stainless steel, rubber coated, aluminum, and others.
Function
- Noise Reduction
- Vibration Damping
- Heat Dissipation
On the basis of function, the global automotive brake shims market is segmented into noise reduction, vibration damping, and heat dissipation.
Sales Channels
- New OEM
- Aftermarket
On the basis of sales channel, the global automotive brake shims market is segmented into new OEM and aftermarket.
Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
On the basis of vehicle type, the global automotive brake shims market is segmented into passenger cars, commercial vehicles, and two wheelers.
Global Automotive Brake Shims Market Regional Analysis/Insights
The global automotive brake shim market is analyzed and market size insights and trends are provided by country, material, function, sales channel, and vehicle type industry as referenced above.
The countries covered in the global automotive brake shim market report are U.S., Canada, Mexico, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, rest of Asia-Pacific, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Poland, Belgium, Sweden, Switzerland, Turkey, Norway, Denmark, Finland, rest of Europe, Saudi Arabia, U.A.E., Egypt, South Africa, Israel, Qatar, Kuwait, Bahrain, Oman, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the global automotive brake shim market due to its strong presence of key players and robust technological advancements. The U.S. is expected to dominate the North America automotive brake shim market due to growing demand for after aftermarket in the country. China is expected to dominate the Asia-Pacific automotive brake shim market due to increase in adoption of automotive brake shim in advance packaging. Germany is expected to dominate the Europe automotive brake shim market due to rising adoption of shims with sensor in the country.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream 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 their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Automotive Brake Shims Market Share Analysis
Global automotive brake shim market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, production capacities, 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 global automotive brake shim market.
Some of the major players operating in the global automotive brake shim market are Trelleborg AB, Nisshinbo Holdings Inc., Hella Pagid GmbH, ADVICS Aftermarket North America, ZF Friedrichshafen AG, Super Circle Auto Limited, Brickham Stamping Company, Inc., AKEBONO BRAKE INDUSTRY CO., LTD., Robert Bosch LLC, Valeo, Stanztechnik Schulte GmbH, ITT INC.(Wolverine), Meneta, BRAKE PERFORMANCE, EBC Breaks, PHINIA Inc., Trinity Brand Industries, DRiV Inc.(Part of Tenneco), Rizhao DSS International Trading Co., Ltd, and TMD Friction Holdings GmbH among others.
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