Global Automotive Brake Lining Market, By Material (Non-Asbestos, Semi-Asbestos, Ceramic Friction Brake Lining), Vehicle Type (Passenger, Commercial), Country (U 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, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Automotive Brake Lining Market
Automotive brake lining market will reach at an estimated value of USD 234.54 million and grow at a rate of 5.09% in the forecast period 2021 to 2028. Rise in the concerns towards safety and security and the need for enhanced performance efficiency of brake systems acts as the vital factor escalating the demand for automotive brake lining market in the forecast period of 2021- 2028.
Automotive brake lining is defined as a layer of frictional material bonded to the brake shoes. The material used for the manufacture of automotive brake linings is heat resistant to prevent friction from causing sparks or fire. Automotive brake linings are generally made from soft although tough heat resistant materials and are mounted over the brake shoe using high temperature adhesives.
Increase in the demand for advanced braking systems to achieve improved braking capability and a pleasant braking sensation is the major driver escalating the market growth, also rise in the research and development activities in the market and rise in the demand from emerging economies are the major factors among others driving the automotive brake lining market growth. Moreover, increase in the technological advancements and modernization in the production techniques and rise in the demand from emerging economies will further create new opportunities for the automotive brake lining market manufacturers in the forecast period of 2021- 2028.
However, rise in the cost of research and development activities acts as the major factor acting as a restraint, and will further challenge the growth of automotive brake lining market in the forecast period.
This automotive brake lining market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 automotive brake lining market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Brake Lining Market Scope and Market Size
Automotive brake lining market is segmented on the basis of material and vehicle type. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of material, automotive brake lining market is segmented into non-asbestos, semi-asbestos and ceramic friction brake lining.
- Based on vehicle type, the automotive brake lining market is segmented into passenger and commercial.
Automotive brake lining market Country Level Analysis
Automotive brake lining market is analyses and market size, volume information is provided by country, material and vehicle type as referenced above.
The countries covered in automotive brake lining market report 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, Rest of Middle East and Africa
Asia-Pacific dominates the automotive brake lining market due to rise in the automotive production and increasing automotive fleet are anticipated to drive the demand in the region. North America and Europe are the expected regions in terms of growth in automotive brake lining market due to rise in the research and development activities in this region.
The country section of the automotive brake lining market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Automotive brake lining market Share Analysis
Automotive brake lining 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, global presence, 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 automotive brake lining market.
The major players covered in the automotive brake lining market report are Federal-Mogul Corporation, ASK Automotive Pvt. Ltd, Nisshinbo Holdings Inc, SGL Group, Miba AG, Akebono Brake Industries, Taiwan Brake Technology Corp, Brembo, Masu Brake and Rane Brake Lining Limited among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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