Asia Pacific Automotive Brake Shims Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type (Rubber Coated, PSA Material, Thermoset Material, and Others) and Application (Two Wheeler, Passenger Vehicle, and Commercial Vehicle)
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 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.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Automotive Brake Shims Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Automotive Brake Shims Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Heighten Production of Automotive Vehicles
5.1.2 Surging Norms for Reducing Fatalities Caused by Vehicle Accidents
5.2 Market Restraints
5.2.1 Confining Copper in Brake Pad Development
5.3 Market Opportunities
5.3.1 Heighten Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Progression in Automotive Brake Technology
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Automotive Brake Shims Market Analysis
6.1 Asia Pacific Automotive Brake Shims Market Overview
6.2 Asia Pacific Automotive Brake Shims Market Forecast and Analysis
7. Asia Pacific Automotive Brake Shims Market Analysis By Material Type
7.1 Overview
7.2 Asia Pacific Automotive Brake Shims Market Breakdown, By Material Type, 2020 and 2028
7.3 Rubber Coated
7.3.1 Overview
7.3.2 Rubber Coated: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
7.4 PSA Material
7.4.1 Overview
7.4.2 PSA Material: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
7.5 Thermoset Material
7.5.1 Overview
7.5.2 Thermoset Material: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Automotive Brake Shims Market Analysis By Application
8.1 Overview
8.2 Asia Pacific Automotive Brake Shims Market Breakdown, By Application, 2020 and 2028
8.3 Two Wheeler
8.3.1 Overview
8.3.2 Two Wheeler: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
8.4 Passenger Vehicle
8.4.1 Overview
8.4.2 Passenger Vehicle: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
8.5 Commercial Vehicle
8.5.1 Overview
8.5.2 Commercial Vehicle: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Automotive Brake Shims Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Automotive Brake Shims Market Breakdown, by Country
9.1.1.1 Australia Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.1.1 Australia Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.1.2 Australia Automotive Brake Shims Market Breakdown, By Application
9.1.1.2 China Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.2.1 China Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.2.2 China Automotive Brake Shims Market Breakdown, By Application
9.1.1.3 India Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.3.1 India Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.3.2 India Automotive Brake Shims Market Breakdown, By Application
9.1.1.4 Japan Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.4.1 Japan Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.4.2 Japan Automotive Brake Shims Market Breakdown, By Application
9.1.1.5 South Korea Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.5.1 South Korea Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.5.2 South Korea Automotive Brake Shims Market Breakdown, By Application
9.1.1.6 Rest of APAC Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
9.1.1.6.1 Rest of APAC Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.6.2 Rest of APAC Automotive Brake Shims Market Breakdown, By Application
10. Industry Landscape
10.1 Market Initiative
10.2 Merger and Acquisition
10.3 New Development
11. Company Profiles
11.1 Avery Dennison Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Brembo S.p.A.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 BOSCH Auto Parts
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Trelleborg Group
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Meneta
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Super Circle
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 NUCAP
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Delphi Technologies Plc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 TEXTAR Brake Technology
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Automotive Brake Shims Market Revenue and Forecasts to 2028 (US$ Million)
Table 2. Asia Pacific Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 3. Australia Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 4. Australia Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 5. China Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 6. China Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 7. India Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 8. India Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 9. Japan Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 10. Japan Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 11. South Korea Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 12. South Korea Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 13. Rest of APAC Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 14. Rest of APAC Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 15. Glossary of Term: Asia Pacific Automotive Brake Shims Market
LIST OF FIGURES
Figure 1. Asia Pacific Automotive Brake Shims Market Segmentation
Figure 2. Asia Pacific Automotive Brake Shims Market Segmentation – By Country
Figure 3. Asia Pacific Automotive Brake Shims Market Overview
Figure 4. Others Segment Held the Largest Market Share in 2020 – by Material Type
Figure 5. China was the Largest Revenue Contributor in 2020 – by Country
Figure 6. Asia Pacific – PEST Analysis
Figure 7. Asia Pacific Automotive Brake Shims Market– Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. Asia Pacific Automotive Brake Shims Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Automotive Brake Shims Market Forecast and Analysis to 2028, US$ Million
Figure 11. Asia Pacific Automotive Brake Shims Market Revenue Share, By Material Type (2020 and 2028)
Figure 12. Rubber Coated: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. PSA Material: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Thermoset Material: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Asia Pacific Automotive Brake Shims Market Revenue Share, By Application (2020 and 2028)
Figure 17. Two Wheeler: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Passenger Vehicle: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Commercial Vehicle: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific Automotive Brake Shims Market, 2020 - 2028, US$ Million
Figure 21. Asia Pacific Automotive Brake Shims Market Breakdown, by Country, 2020 & 2028 (%)
Figure 22. Australia Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
Figure 23. China Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
Figure 24. India Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
Figure 25. Japan Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
Figure 26. South Korea Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
Figure 27. Rest of APAC Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
- Avery Dennison Corporation
- Brembo S.p.A.
- BOSCH Auto Parts
- Trelleborg Group
- Meneta
- Super Circle
- NUCAP
- Delphi Technologies Plc.
- TEXTAR Brake Technology
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific automotive brake shims market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific automotive brake shims market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the automotive brake shims market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution