Global Automotive Brake Shims Market
Global automotive brake shims market is expected to reach USD 689,118.13 thousand by 2031 from USD 487,676.47 thousand in 2023, growing with a CAGR of 4.5% in the forecast period of 2024 to 2031.
Market Segmentation: Global Automotive Brake Shims Market, By Material (Stainless Steel, Rubber Coated, Aluminum, and Others), Function (Noise Reduction, Vibration Damping, and Heat Dissipation), Sales Channel (New OEM and Aftermarket), Vehicle Type (Passenger Cars, Commercial Vehicles, and Two Wheelers), Countries (U.S., Canada, Mexico, China, Japan, India, South Korea, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam, Rest of Asia-Pacific, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Poland, Belgium, Sweden, Switzerland, Turkey, Norway, Denmark, Finland, Rest of Europe, Saudi Arabia, U.A.E., Egypt, South Africa, Israel, Qatar, Kuwait, Bahrain, Oman, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America) - Industry Trends and Forecast to 2031
Overview of global automotive brake shims market Dynamics:Driver
• Rising production of electric vehicles (EVs)
Restraint
• Fluctuating raw material prices
Opportunity
• Integrating with smart vehicle technologies to enhance braking performance and safety
Market Players:The key market players operating in the global automotive brake shims market are listed below:• Trelleborg AB
• Nisshinbo Holdings Inc.
• Hella Pagid GmbH
• ADVICS Aftermarket North America
• ZF Friedrichshafen AG
• Super Circle Auto Limited
• Brickham Stamping Company, Inc.
• AKEBONO BRAKE INDUSTRY CO., LTD.
• Robert Bosch LLC
• Valeo
• Stanztechnik Schulte GmbH
• ITT INC.(Wolverine)
• Meneta
• BRAKE PERFORMANCE
• EBC Breaks
• PHINIA Inc.
• Trinity Brand Industries
• DRiV Inc.(Part of Tenneco)
• Rizhao DSS International Trading Co., Ltd
• TMD Friction Holdings GmbH
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