Automotive Brake Linings Market Size Volume, Share, Demand growth, Business Opportunity by 2027
Market Highlights
Brake
Lining is a type of braking system employed in passenger and commercial
vehicles for the purpose of safety, efficiency, and reliability. Brake linings
are composed of comparatively soft but tough and heat-resistant materials, such
as asbestos and ceramic, typically mounted on a solid metal backing using
high-temperature adhesives or rivets.
The Global Automotive Brake Linings Market is projected to witness ~7.8%
CAGR by 2027 :
The increasing production of automobiles from countries such as China,
Germany, Mexico, India, and Japan drives the growth of the global automotive
brake linings market. The global automotive brake linings market is
expected to witness significant growth during the study period. The rising
production and sales of electric vehicles globally drive the growth of the
global automotive brake linings market, significantly.
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Market Research Analysis
On the basis of region, the global market for automotive brake linings
is segmented into North America, Europe, Asia-Pacific, and the rest of the
world. North America is expected to witness significant growth during the
forecast period owing to the growing production of commercial vehicles in the
US, Canada, and Mexico. Moreover, the growing demand for electric vehicles is
expected to further boost the demand for brake lining in this region. However,
Asia-Pacific is expected to hold the highest market share throughout the
forecast period due to the growing disposable income in countries such as
China, and India, increasing automotive fleet, and rising focus on vehicle
safety. Additionally, the growing investments in the automotive sector and the
continuous improvement in brake system technology will further grow the market
in Asia-Pacific. In Europe, the presence of key manufacturers, such as
Continental AG, SGL Group, and Brembo S.p.A., are contributing to the growth of
this market due to the increasing number of collaborations with automotive
OEMs, such as BMW and Audi.
Scope of the Report
This study provides an overview of the global automotive brake linings
market, tracking four market segments across four geographic regions. The
report studies key players, providing a five-year annual trend analysis that
highlights market size, volume, and share for North America, Europe,
Asia-Pacific, and the rest of the world. The report also provides a forecast,
focusing on the market opportunities for the next five years for each region.
The scope of the study segments the global automotive brake linings market by
material, vehicle type, sales channel, and region.
By Material
- Non-Asbestos
Brake Lining
- Semi
Asbestos Brake Lining
- Ceramic
Friction Brake Lining
By Vehicle Type
- Passenger
Vehicle
- Commercial
Vehicle
By Sales Channel
- OEM
- Aftermarket
By Regions
- North
America
- Asia-Pacific
- Europe
- Rest
of the World
Key Players
Some of the prominent players in the global automotive brake linings
market market include AKEBONO BRAKE INDUSTRY CO., LTD (Japan), AISIN SEIKI Co.,
Ltd (Japan), Continental AG (Germany), General Motors (US), SGL Group
(Germany), Federal-Mogul (US), Brembo S.p.A. (Italy), TMD FRICTION HOLDINGS
GMBH (UK), Meritor, Inc. (US), and Japan Brake Industrial Co., Ltd (Japan).
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