Report : Asia Pacific Automotive Backing Plate Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – By Brake Types (Disc Brake and Drum Brake), Brake Material Type (Aluminium, Iron, and Others), and Vehicle Type (Passenger Cars, Light Commercial Vehicle, and Heavy Commercial Vehicle)
Drum brake Segment to Dominate Asia Pacific Automotive Backing Plate market Forecast to 2028 during 2019–2028
According to a new market research study on the Asia Pacific Automotive Backing Plate market Forecast to 2028 –– by brake types ,brake material type ,vehicle type, and countries is expected to reach US$ 370.23 million by 2028 from US$ 269.75 million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific Automotive Backing Plate market along with the drivers and restraints pertaining to the market growth. Stringent automotive active safety regulations the major factor driving the growth of the Asia Pacific Automotive Backing Plate market. However, issues associated with high development and maintenance costs the growth of Asia Pacific Automotive Backing Plate market.
The Asia Pacific Automotive Backing Plate market is segmented into brake types, brake material type, vehicle type, and country. Based on brake types, the market is bifurcated into disc brakes and drum brakes. In 2020, the drum brake segment held a larger market share. Based on brake material type, the market is segmented into aluminum, iron, and others. In 2020, the others segment held a largest market share. Based on vehicle type, the market is categorized into passenger cars, light commercial vehicle, and heavy commercial vehicle. In 2020, the passenger cars segment held a largest market share. Based on country, the Asia Pacific Automotive Backing Plate market is fragmented into Australia, China, India, Japan, South Korea, and Rest of APAC. The China is contributed a substantial share in 2020.
Super Circle, NUCAP,MAT Foundry Group Ltd, INDUS Marmara Auto Components Pvt ltd, Dorman Products, ORTHLINGHAUS-WERKE Gmbh, Sparex, RSB Tech solution and ACDelco are among the leading companies in the Asia Pacific Automotive Backing Plate market.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email Id: sam@businessmarketinsights.com