Global Brake Shims Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Brake Shims Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Brake shims are thin layers of rubber or metal that fit between the brake pads and the rotors to correct small imperfections that cause brake noise.

Market Overview:

The latest research study on the global Brake Shims market finds that the global Brake Shims market reached a value of USD 1736.24 million in 2022. It’s expected that the market will achieve USD 2018.04 million by 2028, exhibiting a CAGR of 2.54% during the forecast period.

Limitations

Since the Brake Shims is made of rubber and metals, fluctuations in these raw materials will affect the price fluctuations of the Brake Shims to a certain extent, resulting in an increase in the price of the Brake Shims, which will bring down the demand for the Brake Shims. These fluctuations are unstable factors that exist in the Brake Shims market. Will affect the healthy development of the Brake Shims market to a certain extent.
Due to the low technical content of the Brake Shims industry, the market entry threshold is low. More and more suppliers are entering the market. The fierce market competition will affect existing suppliers. There will also be a series of bad competitions, such as homogenization competition in the market and low-price competition. Thereby hindering the healthy development of the market.
As an important industry in a country or region, the automobile industry is constantly evolving and is subject to government policy. The government's market access criteria will also influence the market strategic layout of new entrants in specific regions. This will be one of the limiting factors in the industry.

Region Overview:

From 2023-2028, China is estimated to witness robust growth prospects.

Company Overview:

Bosch is one of the major players operating in the Brake Shims market, holding a share of 8.9% in 2018.

Bosch Rexroth AG develops and manufactures hydraulics, electric drives and controls, gear technologies, and linear motion and assembly technologies for mobile application, machinery application and engineering, factory automation, and renewable energy markets. It offers assembly technology systems; electric drives and controls, such as servo drives, motors and gearboxes, cabinet free drive technologies, frequency converters, industrial PCs, control hardware, and others; gear boxes for wind turbines, as well as planetary gearboxes for mobile and stationary applications; and industrial hydraulics, such as pumps, motors, cylinders, on/off valves, proportional servo valves, manifolds and plates.

ZF Friedrichshafen AG provides driveline and chassis technologies for the passenger car and commercial vehicle industries worldwide. It operates through seven divisions: Car Powertrain Technology, Car Chassis Technology, Commercial Vehicle Technology, Industrial Technology, E-Mobility, ZF Aftermarket, and Active & Passive Safety Technology. The Car Powertrain Technology division offers automatic transmissions, manual/dual clutch transmissions, axle drives, and powertrain modules. The Car Chassis Technology division provides chassis systems, chassis components, and suspension technology.

Segmentation Overview:

Among different product types, Rubber segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Aftermarket Parts segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Brake Shims market covered in Chapter 3:

Akebono Brake Industry Co., Ltd.
Bosch
Util Group
Brake Parts Inc.
Meneta
NUCAP Industries, Inc.
Nisshinbo Holdings Inc.
Shandong Gold Phoenix Co., Ltd.
Icahn Enterprises
Trelleborg Sealing Solutions
Shandong Xinyi Group
Sangsin Brake
Brembo S.p.A.
ZF Friedrichshafen AG

In Chapter 4 and Chapter 14.2, on the basis of types, the Brake Shims market from 2018 to 2029 is primarily split into:

Rubber
Metal
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Brake Shims market from 2018 to 2029 covers:

OEM Parts
Aftermarket Parts

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)