Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/automotive-brake-shims-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 5.8%
The automotive brake shims industry is being driven by the thriving automotive industry owing to the rising demand for commercial and passenger cars, increasing spending on automobile maintenance, rising disposable incomes, and changing consumer preference towards disk braking systems. Automotive braking shims are capable of providing a peaceful driving experience, as they allow for noiseless braking, which is expected to provide impetus to the market growth in the forecast period. In addition to this, the expansion of the automotive industry in the emerging economies is likely to propel the demand for automotive brake shims in the forecast period. In terms of region, North America accounts for a significant share in the market owing to the advanced automotive infrastructure in the United States of America and Canada, coupled with the strong foot hold of major automotive manufacturing companies in the region.
Industry Definition and Major Segments
Automotive brake shims are defined as the adhesive pads made up of metal or rubber which fit between brake pad and rotor. Automotive brake shims are used to reduce the noise, while applying brakes in a vehicle. In this regard, brake shims prevent rotors and brake pads from banging against each other.
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/automotive-brake-shims-market
By material type, the market can be segmented into:
Based on vehicle types, the market can be broadly categorised into:
• Passenger Cars
• Commercial Vehicles
On the basis of market type, the market has been bifurcated into:
The regional markets for automotive brake shims include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The rapid technological advancements and the growing research and development activities by the major automotive players in an endeavour to enhance the acoustic standards of automobiles are the key trends aiding the growth of the automotive brake shims industry. The increasing focus of manufacturers to produce high-quality brake shims using innovative technological materials or various grades of metals, including elastomeric rubbers and fiberglass, is expected to aid the market in the coming years. Furthermore, the growing demand for luxury vehicles from the elite and business class population in the emerging economies is anticipated to be another key trend contributing to the growth of the market.
Key Market Players
The major players in the market are Stanztechnik Schulte GmbH, Trelleborg AB, Brickham Stamping Company, Inc., and Meneta Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Company Name: EMR Inc.
Contact Person:- Irene Garcia, Business Consultant
Email: [email protected]
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Country: United States
Explore more on Procurement Intelligence services of EMR Inc.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.