Asia Pacific Automotive Brake Shims Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Material Type (Rubber Coated, PSA Material, Thermoset Material, and Others) and Application (Two Wheeler, Passenger Vehicle, and Commercial Vehicle)


No. of Pages: 122    |    Report Code: BMIRE00025281    |    Category: Automotive and Transportation

Asia Pacific Automotive Brake Shims Market
Buy Now

The automotive brake shims market in Asia Pacific is expected to grow from US$ 246.14 million in 2021 to US$ 333.23 million by 2028. It is estimated to grow at a CAGR of 4.4% from 2021 to 2028.

 

Electric vehicle (EV) production is rising continuously in Asia Pacific countries, which is a major factor driving the adoption of new braking systems. Many electric cars utilize regenerative and mechanical braking systems in combination, as these systems assist in saving energy. In addition to energy-saving, regenerative braking technology enhances the life of friction brake systems. In December 2019, Brembo focused on developing advanced brakes suitable for electric vehicles (EVs). Similarly, in August 2021, Continental AG resumed its focus on restructuring disc brakes for EVs. The company has created a minimalist brake caliper that removes all extra material to decrease the weight to a bare minimum. Moreover, it is exploring the possibility of lightweight aluminum brake components with the potential to handle electric vehicles and reduce braking demands with lower price and weight than brakes that are in use currently. Additionally, disc brake manufacturing has surged with the rising demand for electric vehicles, which highlights the need for automotive brake shims.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific automotive brake shims market at a substantial CAGR during the forecast period.

 

Asia Pacific Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report

Asia Pacific Automotive Brake Shims Strategic Insights

Strategic insights for the Asia Pacific Automotive Brake Shims provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/asia-pacific-automotive-brake-shims-market-strategic-framework.webp
Get more information on this report

Asia Pacific Automotive Brake Shims Report Scope

Report Attribute Details
Market size in 2021 US$ 246.14 Million
Market Size by 2028 US$ 333.23 Million
Global CAGR (2021 - 2028) 4.4%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Material Type
  • Rubber Coated
  • PSA Material
  • Thermoset Material
By Application
  • Two Wheeler
  • Passenger Vehicle
  • Commercial Vehicle
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Avery Dennison Corporation
  • Brembo S.p.A.
  • BOSCH Auto Parts
  • Trelleborg Group
  • Meneta
  • Super Circle
  • NUCAP
  • Delphi Technologies Plc.
  • TEXTAR Brake Technology
  • Get more information on this report

    Asia Pacific Automotive Brake Shims Regional Insights

    The geographic scope of the Asia Pacific Automotive Brake Shims refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/asia-pacific-automotive-brake-shims-market-geography.webp
    Get more information on this report
     

     

    Asia Pacific Automotive Brake Shims Market Segmentation

     

    The Asia Pacific automotive brake shims market is segmented on the basis of material, application, and country. Based on material, the market is segmented into rubber coated, PSA material, thermoset material, and others. In 2020, the others segment held a larger the largest share of the market,; and it is also expected to register a higher the highest CAGR during the forecast period. Based on application, the Asia Pacific automotive brake shims market is segmented into two wheeler, passenger vehicle, and commercial vehicle. In 2020, the passenger vehicle segment held the largest market share of the market in this region; and it is also expected to register the highest CAGR in the market during the forecast period. Based on country, the Asia Pacific automotive brake shims market is segmented into Australia, China, India, Japan, South Korea, and Rest of APAC. In 2020, China held the largest market share; and India is expected to grow at the fastest CAGR during the forecast period.

     

    Avery Dennison Corporation, Brembo S.p.A., BOSCH Auto Parts, Trelleborg Group, Super Circle, Delphi Technologies Plc., NUCAP

    ,

    Meneta, and TEXTAR Brake Technology are among the leading companies in the Asia Pacific automotive brake shims market.

    The List of Companies - Asia Pacific Automotive Brake Shims Market

    1. Avery Dennison Corporation
    2. Brembo S.p.A.
    3. BOSCH Auto Parts
    4. Trelleborg Group
    5. Meneta                                                  
    6. Super Circle                                           
    7. NUCAP                                                    
    8. Delphi Technologies Plc.
    9. TEXTAR Brake Technology
    Frequently Asked Questions
    How big is the Asia Pacific Automotive Brake Shims Market?

    The Asia Pacific Automotive Brake Shims Market is valued at US$ 246.14 Million in 2021, it is projected to reach US$ 333.23 Million by 2028.

    What is the CAGR for Asia Pacific Automotive Brake Shims Market by (2021 - 2028)?

    As per our report Asia Pacific Automotive Brake Shims Market, the market size is valued at US$ 246.14 Million in 2021, projecting it to reach US$ 333.23 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Automotive Brake Shims Market report typically cover these key segments-

    • Material Type (Rubber Coated, PSA Material, Thermoset Material)
    • Application (Two Wheeler, Passenger Vehicle, Commercial Vehicle)

    What is the historic period, base year, and forecast period taken for Asia Pacific Automotive Brake Shims Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Automotive Brake Shims Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Asia Pacific Automotive Brake Shims Market?

    The Asia Pacific Automotive Brake Shims Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Avery Dennison Corporation
  • Brembo S.p.A.
  • BOSCH Auto Parts
  • Trelleborg Group
  • Meneta
  • Super Circle
  • NUCAP
  • Delphi Technologies Plc.
  • TEXTAR Brake Technology
  • Who should buy this report?

    The Asia Pacific Automotive Brake Shims Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Automotive Brake Shims Market value chain can benefit from the information contained in a comprehensive market report.

    Available Report Formats

    pdf-format excel-format pptx-format
    Buy Now