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The Automotive Brake Shims Market size was valued at USD 3.10 billion in 2023 and is expected to reach USD 4.49 Billion by 2032, growing at a CAGR of 4.23% over the forecast period of 2024-2032.
The automotive brake shims market has been experiencing steady growth, which can be attributed to the increasing demand for high-performance braking systems and the rising focus on vehicle safety. These NVH-dampening components are being increasingly used in modern-day automotive applications. The market has changed, driven by advancements in material science, including rubber and composites that improve durability and minimize wear. The Global Automotive Brake Shims Market was valued at USD 25 Billion in 2023 and is anticipated to grow at a significant rate with advancements in Technologies. An increase in electric vehicle (EVs) adoption, which needs specific brake components to ensure low noise and effective braking performance, is one of the primary factors many car producers are focusing on to grow the automotive brake shims market. Additionally, in 2023, Meneta Group unveiled Smart Stack technology to enhance efficiencies in noise abatement characteristics on brake shims, an area of great importance for the silent running of EVs. It is also indicative of the changing landscape in the automotive industry, as demand grows for technologies that make braking smarter, especially for electric vehicles. Moreover, increasing regulations on noise pollution and stricter vehicle safety regulations are forcing OEMs to implement advanced braking technologies. Growing emphasis on minimizing road noise and enhancing vehicle comfort is additionally playing a pivotal role in driving brake shim adoption. Brake shim developments in markets such as North America and Europe, where safety and environmental standards are stringent, are driven by the requirement for improved performance in severe climate conditions.
In addition, increasing business expenditure in R&D in the automotive industry presents lucrative growth opportunities for manufacturers, leading them to adopt new materials such as bio-based composite to improve brake shim performance. These materials provide increased strength, stiffness, and durability, making them suitable to meet the increasing demand for green automotive materials. This eventually anticipated to keep on pushing their growth in the automobile spare parts market particularly in APAC, as automobile production is rising there drastically
Drivers
Innovations in materials, such as bio-based composites and recycled rubber, enhance shim performance and drive market growth
Growing automotive production, especially in emerging markets like Asia-Pacific, drives demand for advanced braking components like brake shims
EVs require specialized brake systems, pushing manufacturers to adopt high-performance brake shims that minimize noise and enhance durability
The automotive brake shims market is driven by the specific braking system needs of electric vehicles (EVs). EVs do not have traditional internal combustion engine (ICE) vehicles, which are equipped with friction brakes in most cases, to stop them so the friction brakes often wear out more quickly than they would in ICE vehicles, regenerative braking systems are used in EVs to recapture energy from braking thus reducing wear on conventional brake components. Nonetheless, it still uses highly developed, high-quality brake systems to guarantee safety and comfort, even during such regenerative braking. Specifically, brake shims are important for reducing noise, vibration, and harshness (NVH) generated from braking. Because EVs are often so much quieter than the internal combustion vehicles of the past, brake noise is more obvious, so we need brake shims to minimize noise and improve ride quality overall. This has led to specialized brake shims for EVs that employ materials with higher durability, heat resistance, and NVH reduction. EVs typically have higher torque outputs, and with their braking systems exposed to much greater forces as a result, it is vital that all brake components, even shims, continue to perform at an optimal level throughout the service life of the vehicle. As a result, manufacturers are opting for enhanced materials such as composite shims and rubber-based technologies that are more robust and absorb a higher amount of diverting vibrations to lessen noise. For example, these requirements can differ with model year, and by 2023 companies such as Meneta Group have released innovations in brake shim designs tailored to EVs, emphasizing noise reduction without losing performance.
With the rising global penetration of EVs in countries such as Europe and North America, the market for high-end quality brake systems is also gaining momentum among automotive manufacturers, consequently increasing the demand for premium-grade brake shims. In addition, the global trend towards more sustainable solutions in the automotive industry is also contributing to the need for sustainable materials in brake shims as part of the wider objectives of reducing carbon footprints and improving vehicle instrumentation performance. Hence, the unique braking requirements of Electric Vehicles are proactively driving the automotive brake shims market.
Restraints
Disruptions in global supply chains, particularly for raw materials needed in brake shim production, can impact the timely availability and cost of the products.
Variations in brake shim designs and specifications across different markets can complicate manufacturing processes and increase costs for global suppliers.
The use of premium materials like composites and rubber-based compounds for enhanced performance and durability increases production costs, limiting affordability.
Automotive brake shims are manufactured using expensive materials including composites and rubber-based compounds to achieve better performance, durability, and noise reduction at a high price. These cutting-edge materials are purpose-selected in response to the increased need for high-performance braking systems-especially in EVs that require more complex components to handle greater torque and provide silent running. For example, composites provide heat resistance, strength, and vibration damping while rubber compounds enhance noise, vibration, and harshness (NVH) mitigation, Sourcing, processing, and manufacturing these materials is costlier than the steel and rubber used in conventional materials, making brake shims more expensive in production.
The increase in cost can reduce the affordability of brake shims, which can be a self-fulfilling prophecy for manufacturers needing to satisfy the cost restraints seen by mass-market vehicles - especially in emerging markets where consumers are more price-sensitive. Such markets are also big on the need for cost-effective solutions that maintain safety and performance between vehicles. Premium materials will be pricier and, in turn, could dissuade smaller manufacturers from pursuing the development of advanced braking systems. Additionally, escalating material costs due to global supply chain disruptions or heightened demand for high-performance components across multiple industries can magnify the problem.
Automotive Brake Shims Market Segmentation Analysis
By Material Type
The metal segment dominated the market and represented a significant revenue share of 47.23% in 2023. Due to their greater strength, solid durability, and effectiveness in high-performance applications. One common type of shim, metal shims are used in a lot of traditional combustion engine vehicles and high-performance vehicles, such as sports cars. These shims are usually made out of either steel or some type of aluminum. This drives the need for metal brake shims as they can withstand high-temperature and high-pressure conditions whereas rubber shims are limited to normal operating conditions. Owing to growing automotive prioritization towards safety, performance, and NVH (noise, vibration, harshness) reduction, the metal brake shims segment still retains the majority of the overall market. As nearly every automaker works to improve safety and performance when combating inertia in the future, the segment looks bright for brake pads.
The rubber brake shims segment is anticipated to witness the highest CAGR of 5.62% during the forecast period as they offer better NVH reduction, which is a key attribute in modern-day vehicles particularly electric vehicles (EVs). Rubber shims are effective at dampening the noise and vibrations that cause this squealing, and as a result, are a common choice when it comes to EVs where silence is the name of the game. Additionally, rubber shims have come into vogue due to the increasing focus on vehicle comfort and noise pollution regulations. In addition to the above-mentioned trend, the growing inclination for eco-friendly materials is also creating a demand for rubber-based brake shims as rubber compounds can be produced from sustainable materials. In the coming years, the rubber brake shim segment is projected to accelerate growth progress, owing to the expansion of the EV market and rising demand for quieter and more comfortable driving experiences among consumers.
By Market Type
The Original Equipment Manufacturer (OEM) segment dominated the market and represented a significant revenue share of 71.40% in 2023. Due to a higher demand for new vehicles leading to higher production in the OEM segment. Braking technologies including brake shims are an area being analyzed by major automakers to meet safety standards, reduce noise levels, and address the growing demand for high-performance vehicles. The long-standing partnership between automakers and suppliers should also help to secure continuous orders for such a segment. With the extension of electric vehicle (EV) and hybrid passenger vehicle offerings, the need for high-quality, high-durability brake shims is increasing. The OEM Market is still expected to grow at a higher rate with advancements in technology in braking systems and increasing adoption of vehicle smart technologies.
The aftermarket segment is expected to record the highest CAGR of 4.74%, in terms of value during the forecast period due to the increasing number of vehicles in operation and rising demand for replacement components. Replacement brake parts—such as brake shims—are in great demand as vehicles age. This is driven by rising vehicle ownership rates in emerging markets and growth in the automotive aftermarket. And demand for aftermarket parts is also being stimulated by the increasing popularity of DIY car maintenance. Due to the increased demand for quality yet economical brake shims, higher usage in passenger & commercial vehicles, and the vast availability of affordable and customizable options that are available in comparison therefore the growth of this aftermarket segment is expected to be a major driver of the market.
Automotive Brake Shims Market Regional Overview
North America dominated the market and accounted for a revenue share more than of 36.50% in 2023, primarily due to the presence of major automotive manufacturers and supply chains. As the region has a high demand for vehicles and technology advancements in vehicle safety and performance, it keeps a high demand for quality brake components including shims. In addition, the increasing demand for advanced braking technologies such as regenerative braking in electric and autonomous vehicles has furthered the growth of this market. In North America, the growing emphasis by governments on safety regulations and emission standards is also boosting growth. Growth of the North American market is expected to remain strong due to sustained demand for electric vehicle (EV) adoption, linked systems technology for vehicle safety, and consumer preference for cost-effective and noiseless brakes.
Asia-Pacific region is projected to have the fastest growth in the automotive brake shims market owing to growing population density, several vehicles; and a surge of the automotive sector in countries such as China, India, and Japan. These emerging markets are also witnessing growth in the automotive sector, and products such as brake components are also witnessing a high demand. Moreover, the easy availability of disposable income in addition to increasing awareness about safety is certainly boosting the demand for advanced braking systems. In addition, the growing output of electric and hybrid vehicles in the Asia-Pacific region continues to contribute positively to the market for specialty brake shims. The Asia-Pacific will continue to experience high growth during the forecast period owing to the continuous development of infrastructure and the increasing requirement of consumers for efficient, durable automotive parts.
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Robert Bosch GmbH – Brake shims for automotive applications designed to reduce brake noise.
Nisshinbo Brake Inc. – Noise reduction brake shims for passenger cars.
Federal-Mogul Motorparts – Premium brake shims designed to provide enhanced durability.
Tenneco Inc. – Anti-noise and anti-vibration brake shims for automotive braking systems.
Brembo S.p.A. – High-performance brake shims for sport and luxury vehicles.
Meneta Group – Composite brake shims designed for noise reduction and high durability.
TRW Automotive – Brake shims integrated with advanced materials for vehicle safety.
Haldex – Brake shims for commercial vehicles designed to ensure effective braking performance.
Akebono Brake Corporation – Brake shims for commercial and passenger vehicles that focus on durability.
Wabco Holdings – Brake shims tailored for commercial vehicle braking systems.
Magna International Inc. – Brake shim solutions for electric and hybrid vehicles.
Aisin Seiki Co., Ltd. – Premium brake shims for modern automotive brake systems.
Jurid – High-quality brake shims designed for enhanced comfort and noise reduction.
Delphi Technologies – Automotive brake shims engineered for performance and efficiency.
Continental AG – Brake shims designed for use in a wide range of vehicles, including EVs.
Miba AG – Advanced brake shims for high-performance vehicles.
Valeo S.A. – Brake shims engineered for reduced NVH (Noise, Vibration, Harshness).
Sumitomo Electric Industries, Ltd. – Brake shims focused on high thermal resistance for heavy-duty vehicles.
Parker Hannifin Corporation – Brake shims integrated into their comprehensive brake pad solutions.
Bendix Commercial Vehicle Systems – Heavy-duty brake shims for commercial vehicle applications.
In May 2024 PHINIA INC.’s Delphi launched advanced brake pads designed specifically for EVs, featuring a multi-layer shim to enhance performance by reducing noise and vibrations. This product is aimed at premium EV models like the Kia EV9 and Mercedes-Benz EQ series, aligning with the increasing consumer and manufacturer demand for quieter and more sustainable braking solutions.
In February 2024, Robert Bosch GmbH finalized an agreement to sell its brake components division to AEQUITA SE & Co. KGaA. This move, which is expected to complete by mid-2024, strengthens AEQUITA's position in the brake components industry, with a focus on low-emission and decarbonized products.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 3.10 Billion |
| Market Size by 2032 | USD 4.49 Billion |
| CAGR | CAGR of 4.23% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Material (Metal, Rubber, Other) • By Market (OEM, Aftermarket) • By Vehicle (Motorcycles, Passenger Cars, Commercial Vehicles) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Robert Bosch GmbH, Nisshinbo Brake Inc., Federal-Mogul Motorparts, Tenneco Inc., Brembo S.p.A., Meneta Group, TRW Automotive, Haldex, Akebono Brake Corporation, Wabco Holdings, Magna International Inc., Aisin Seiki Co., Ltd., Jurid, Delphi Technologies, Continental AG, Hitachi Automotive Systems, ZF Friedrichshafen AG, Bendix Commercial Vehicle Systems, ADVICS Co., Ltd., and AISIN Group. |
| Key Drivers | •Innovations in materials, such as bio-based composites and recycled rubber, enhance shim performance and drive market growth • Growing automotive production, especially in emerging markets like Asia-Pacific, drives demand for advanced braking components like brake shims |
| Restraints | • Disruptions in global supply chains, particularly for raw materials needed in brake shim production, can impact the timely availability and cost of the products. • Variations in brake shim designs and specifications across different markets can complicate manufacturing processes and increase costs for global suppliers. |
Ans- Automotive Brake Shims Market was valued at USD 3.10 billion in 2023 and is expected to reach USD 4.49 Billion by 2032, growing at a CAGR of 4.23% from 2024-2032.
Ans- the CAGR of Automotive Brake Shims Market during the forecast period is of 4.23% from 2024-2032.
Ans- The North America dominated the market and represented significant revenue share in 2023
Ans- one main growth factor for the Automotive Brake Shims Market is
Ans- Challenges in the Automotive Brake Shims Market are
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Vehicle Production and Sales Volumes, 2020-2032, by Region
5.2 Emission Standards Compliance, by Region
5.3 Vehicle Technology Adoption, by Region
5.4 Consumer Preferences, by Region
5.5 Aftermarket Trends (Data on vehicle maintenance, parts, and services)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Automotive Brake Shims Market Segmentation, By Material
7.1 Chapter Overview
7.2 Metal
7.2.1 Metal Market Trends Analysis (2020-2032)
7.2.2 Metal Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Rubber
7.3.1 Rubber Market Trends Analysis (2020-2032)
7.3.2 Rubber Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4Other
7.4.1Other Market Trends Analysis (2020-2032)
7.4.2Other Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Automotive Brake Shims Market Segmentation, by Market
8.1 Chapter Overview
8.2 OEM
8.2.1 OEM Market Trends Analysis (2020-2032)
8.2.2 OEM Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Aftermarket
8.3.1 Aftermarket Market Trends Analysis (2020-2032)
8.3.2 Aftermarket Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Automotive Brake Shims Market Segmentation, by Vehicle
9.1 Chapter Overview
9.2 Motorcycles
9.2.1 Motorcycles Market Trends Analysis (2020-2032)
9.2.2 Motorcycles Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Passenger Cars
9.3.1 Passenger Cars Market Trends Analysis (2020-2032)
9.3.2 Passenger Cars Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Commercial Vehicles
9.4.1 Commercial Vehicles Market Trends Analysis (2020-2032)
9.4.2 Commercial Vehicles Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Automotive Brake Shims Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.2.4 North America Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.2.5 North America Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.2.6.2 USA Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.2.6.3 USA Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.2.7.2 Canada Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.2.7.3 Canada Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.2.8.2 Mexico Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.2.8.3 Mexico Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Automotive Brake Shims Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.1.6.2 Poland Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.1.6.3 Poland Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.1.7.2 Romania Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.1.7.3 Romania Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Automotive Brake Shims Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.4 Western Europe Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.5 Western Europe Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.6.2 Germany Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.6.3 Germany Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.7.2 France Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.7.3 France Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.8.2 UK Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.8.3 UK Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.9.2 Italy Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.9.3 Italy Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.10.2 Spain Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.10.3 Spain Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.13.2 Austria Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.13.3 Austria Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Automotive Brake Shims Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.4.4 Asia Pacific Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.4.5 Asia Pacific Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.4.6.2 China Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.4.6.3 China Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.4.7.2 India Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.4.7.3 India Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.4.8.2 Japan Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.4.8.3 Japan Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.4.9.2 South Korea Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.4.9.3 South Korea Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.4.10.2 Vietnam Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.4.10.3 Vietnam Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.4.11.2 Singapore Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.4.11.3 Singapore Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.4.12.2 Australia Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.4.12.3 Australia Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Automotive Brake Shims Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.1.4 Middle East Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.1.5 Middle East Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.1.6.2 UAE Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.1.6.3 UAE Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Automotive Brake Shims Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.2.4 Africa Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.2.5 Africa Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Automotive Brake Shims Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.6.4 Latin America Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.6.5 Latin America Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.6.6.2 Brazil Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.6.6.3 Brazil Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.6.7.2 Argentina Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.6.7.3 Argentina Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.6.8.2 Colombia Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.6.8.3 Colombia Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Automotive Brake Shims Market Estimates and Forecasts, Material (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Automotive Brake Shims Market Estimates and Forecasts, by Market (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Automotive Brake Shims Market Estimates and Forecasts, by Vehicle (2020-2032) (USD Billion)
11. Company Profiles
11.1 Robert Bosch GmbH
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Nisshinbo Brake Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Federal-Mogul Motorparts
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Tenneco Inc.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Brembo S.p.A
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Meneta Group
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 TRW Automotive
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Haldex
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Akebono Brake Corporation
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Wabco Holdings
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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Key Segmentation
By Material Type
Metal
Rubber
Other
By Market Type
OEM
Aftermarket
By Vehicle Type
Motorcycles
Passenger Cars
Commercial Vehicles
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Automotive Aftermarket Industry Size was valued at USD 425.25 billion in 2023 and is expected to reach USD 575.52 billion by 2031 and grow at a CAGR of 3.92% over the forecast period 2024-2031.
Automatic Number Plate Recognition (ANPR) System Market Size was valued at USD 3.17 Billion in 2023 and is expected to reach USD 6.96 Billion by 2032 and grow at a CAGR of 9.15% over the forecast period 2024-2032.
Electric Commercial Vehicle Market Size was valued at USD 71.51 billion in 2023 and is expected to reach USD 521.92 billion by 2032 and grow at a CAGR of 24.74% over the forecast period 2024-2032.
The Electric Vehicle Battery Recycling Market Size was valued at USD 8.98 billion in 2023 and is expected to reach USD 57.04 billion by 2031 and grow at a CAGR of 26% over the forecast period 2024-2031.
The Automotive Aluminum Market Size was valued at USD 70.11 billion in 2023 and is expected to reach USD 151.64 billion by 2032 and grow at a CAGR of 8.95% over the forecast period 2024-2032.
Automotive Filters Market Size was valued at USD 21.28 billion in 2023 and is expected to reach USD 28.15 billion by 2031 and grow at a CAGR of 3.78% over the forecast period 2024-2031.
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