Automotive Brake Shims Market: Innovations and Growth Outlook till 2033

Market Definition

The automotive brake shims market involves the production and distribution of components that reduce noise, vibration, and harshness (NVH) in braking systems. Brake shims are thin layers of material placed between the brake pads and the caliper or between the brake pads and the rotor, designed to dampen sound and enhance braking performance. This market includes various types of brake shims made from materials such as rubber, metal, and composite materials.

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Market Outlook

The global automotive brake shims market is experiencing steady growth driven by the increasing demand for advanced braking systems, the rise in vehicle production, and the growing focus on safety and comfort in automotive design. Key factors contributing to market expansion include the rise in vehicle ownership, the increasing awareness of noise reduction technologies, and stringent regulations regarding vehicle emissions and safety.

One of the primary drivers of this market is the growing automotive industry, particularly in emerging economies where vehicle sales are on the rise. As manufacturers seek to improve the overall driving experience, the demand for high-quality brake components, including shims, is increasing. Additionally, advancements in materials science are leading to the development of more effective and durable brake shims that can enhance performance while minimizing noise and vibration.

However, challenges such as the rising costs of raw materials, competition from alternative noise reduction technologies, and the complexity of automotive braking systems may pose significant considerations for stakeholders. Despite these challenges, the market is expected to continue growing due to ongoing innovations in brake technologies, increasing investments in R&D, and the rising demand for electric and hybrid vehicles that require advanced braking solutions.

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Research Objectives

  • Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
  • Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
  • Identify factors influencing market growth and challenges, opportunities, drivers and restraints
  • Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
  • Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
  • Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
  • To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
  • Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Market Segmentation

The report analyses the global automotive brake shims market based on material type, application, and region.

Global Automotive Brake Shims Market by Material Type

Based on material type, it is segmented into rubber coated, PSA material, thermoset material, and others. The others segment is expected to be the largest segment in the automotive brake shims market in 2021. High-quality brake shims usually start with a high-quality metal or fibrous material. The shim manufacturer will select a grade of material with the right hardness, thickness, and dampening properties. The elastomeric materials categorized in others segment can be applied to the steel in a controlled process that ensures the correct depth. These materials are then vulcanized to the metal to ensure that they will endure the harsh environment of the braking system. Due to these factors mentioned above, the others segment is expected to hold a major market share in 2021.

Global Automotive Brake Shims Market by Application

Based on application, it is segmented into two-wheeler, passenger vehicle, and commercial vehicle. The passenger vehicle segment is expected to be the largest segment in the automotive brake shims market in 2021. The growing demand of automotive brake shims in passenger cars segment can be primarily attributed to the increased sales of these vehicles when compared to two-wheeler and commercial vehicle are boosting the growth of the market. Thus, the passenger vehicle segment will likely hold a major market share in 2021.

Major Players

The key players studied in the global automotive brake shims market are Avery Dennison Corporation (US), Brake Performance (US), Brembo S.p.A. (Italy), Delphi Technologies (UK), Meneta (Denmark), Nucap Industries Inc. (Canada), Robert Bosch LLC (Germany), Super Circle Auto Limited (India), TMD Friction Services GmbH (Germany), and Trelleborg AB (Sweden).

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Research Scope

  • Scope – Highlights, Trends, Insights. Attractiveness, Forecast
  • Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
  • Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
  • Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
  • Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
  • Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

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