Global Automotive Brake Shim Market Size Study, by Materials, by Function, by Sales Channel, by Vehicle Type, and Regional Forecasts 2022-2032

Description

Global Automotive Brake Shim Market is valued at approximately USD 349.0 million in 2023 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2024-2032. Automotive brake shims are thin layers made of materials such as rubber, metal, or composite, strategically placed between brake pads and calipers to reduce noise and vibration during braking. These shims play a critical role in dampening high-frequency vibrations that occur when brake pads make contact with rotors, which otherwise could result in undesirable squealing or rattling sounds. By ensuring consistent contact and minimizing brake noise, brake shims contribute to the improved performance, comfort, and reliability of braking systems in vehicles.

The global automotive brake shim market is driven by several key factors, including the rising production of electric vehicles (EVs), which necessitate advanced braking systems for managing regenerative braking and noise reduction. The increasing adoption of active safety systems in modern vehicles further fuels market growth, as these systems, such as ABS and ESC, require reliable noise-dampening solutions to enhance vehicle control and safety. Additionally, the integration of smart vehicle technologies offers significant opportunities for the market, as it allows for the optimization of brake shims to work synergistically with electronic sensors and brake-by-wire systems, improving overall braking performance. However, the market faces challenges such as fluctuating raw material prices and shortages, which can lead to increased production costs and supply chain disruptions. These factors may hinder the market's growth, as manufacturers struggle with pricing uncertainties and potential revenue losses.

The key regions considered for the Global Automotive Brake Shim Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Automotive Brake Shim Market in terms of revenue. The market growth in the region is being attributed to factors including its strong automotive industry, high vehicle ownership rates, and continuous advancements in brake technology. The presence of major automotive manufacturers and the increasing demand for high-performance and luxury vehicles also contribute to North America's leading position. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by the booming automotive industry in countries like China, India, and Japan, coupled with increasing vehicle production and sales. The growing middle-class population, rising disposable incomes, and the expansion of automotive manufacturing facilities in this region further fuel the demand for automotive brake shims, leading to its rapid market growth.

Major market players included in this report are:

Trelleborg AB
Nisshinbo Holdings Inc.
Robert Bosch LLC
ZF Friedrichshafen AG
Valeo
ITT INC. (Wolverine)
EBC Brakes
TMD Friction Holdings GmbH
Hella Pagid GmbH
AKEBONO BRAKE INDUSTRY CO. LTD.
Stanztechnik Schulte GmbH
DRiV Inc. (Part of Tenneco)
Brickham Stamping Company, Inc.
Super Circle Auto Limited
Meneta

The detailed segments and sub-segment of the market are explained below:

By Materials:

Stainless Steel
Rubber Coated
Aluminum
Others

By Function:

Noise Reduction
Vibration Damping
Heat Dissipation

By Sales Channels:

New OEM
Aftermarket

By Vehicle Type:

Passenger Cars
Commercial Vehicles
Two Wheelers

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Automotive Brake Shim Market Executive Summary

1.1. Global Automotive Brake Shim Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Materials
- 1.3.2. By Function
- 1.3.3. By Sales Channels
- 1.3.4. By Vehicle Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Brake Shim Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Brake Shim Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Production of Electric Vehicles (EVs)
- 3.1.2. Rising Adoption of Active Safety Systems in Modern Vehicles
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Shortage of Raw Materials Leading to Delays
3.3. Market Opportunities
- 3.3.1. Integration with Smart Vehicle Technologies to Enhance Braking Performance and Safety
- 3.3.2. Demand for Replacement Parts and Aftermarket Customization Options

Chapter 4. Global Automotive Brake Shim Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Brake Shim Market Size & Forecasts by Materials 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Brake Shim Market: Materials Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Stainless Steel
- 5.2.2. Rubber Coated
- 5.2.3. Aluminum
- 5.2.4. Others

Chapter 6. Global Automotive Brake Shim Market Size & Forecasts by Function 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Brake Shim Market: Function Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Noise Reduction
- 6.2.2. Vibration Damping
- 6.2.3. Heat Dissipation

Chapter 7. Global Automotive Brake Shim Market Size & Forecasts by Sales Channels 2022-2032

7.1. Segment Dashboard
7.2. Global Automotive Brake Shim Market: Sales Channels Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. New OEM
- 7.2.2. Aftermarket

Chapter 8. Global Automotive Brake Shim Market Size & Forecasts by Vehicle Type 2022-2032

8.1. Segment Dashboard
8.2. Global Automotive Brake Shim Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 8.2.1. Passenger Cars
- 8.2.2. Commercial Vehicles
- 8.2.3. Two Wheelers

Chapter 9. Global Automotive Brake Shim Market Size & Forecasts by Region 2022-2032

9.1. North America Automotive Brake Shim Market
- 9.1.1. U.S. Automotive Brake Shim Market
  - 9.1.1.1. Materials breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Function breakdown size & forecasts, 2022-2032
  - 9.1.1.3. Sales Channels breakdown size & forecasts, 2022-2032
  - 9.1.1.4. Vehicle Type breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Automotive Brake Shim Market
9.2. Europe Automotive Brake Shim Market
- 9.2.1. U.K. Automotive Brake Shim Market
- 9.2.2. Germany Automotive Brake Shim Market
- 9.2.3. France Automotive Brake Shim Market
- 9.2.4. Spain Automotive Brake Shim Market
- 9.2.5. Italy Automotive Brake Shim Market
- 9.2.6. Rest of Europe Automotive Brake Shim Market
9.3. Asia-Pacific Automotive Brake Shim Market
- 9.3.1. China Automotive Brake Shim Market
- 9.3.2. India Automotive Brake Shim Market
- 9.3.3. Japan Automotive Brake Shim Market
- 9.3.4. Australia Automotive Brake Shim Market
- 9.3.5. South Korea Automotive Brake Shim Market
- 9.3.6. Rest of Asia Pacific Automotive Brake Shim Market
9.4. Latin America Automotive Brake Shim Market
- 9.4.1. Brazil Automotive Brake Shim Market
- 9.4.2. Mexico Automotive Brake Shim Market
- 9.4.3. Rest of Latin America Automotive Brake Shim Market
9.5. Middle East & Africa Automotive Brake Shim Market
- 9.5.1. Saudi Arabia Automotive Brake Shim Market
- 9.5.2. South Africa Automotive Brake Shim Market
- 9.5.3. Rest of Middle East & Africa Automotive Brake Shim Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Trelleborg AB
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Nisshinbo Holdings Inc.
- 10.3.3. Robert Bosch LLC
- 10.3.4. ZF Friedrichshafen AG
- 10.3.5. Valeo
- 10.3.6. ITT INC. (Wolverine)
- 10.3.7. EBC Brakes
- 10.3.8. TMD Friction Holdings GmbH
- 10.3.9. Hella Pagid GmbH
- 10.3.10. AKEBONO BRAKE INDUSTRY CO. LTD.
- 10.3.11. Stanztechnik Schulte GmbH
- 10.3.12. DRiV Inc. (Part of Tenneco)
- 10.3.13. Brickham Stamping Company, Inc.
- 10.3.14. Super Circle Auto Limited
- 10.3.15. Meneta

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes