Functional safety aims to reduce the risks associated with product design and development. Many dangers and possible failures must be addressed with an active system that recognizes and responds to these issues. The ISO 26262 standard specifies which aspects should be examined and safeguarded in the car industry and ensures this avoidance. The standard also explains how to compute the Automotive Safety Integrity Level (ASIL) based on various parameters, including the likelihood and severity of an injury. The North America automotive backing plate market is expected to grow at a good CAGR during the forecast period.
North America Automotive Backing Plate Market Segmentation
The North America automotive backing plate market is segmented on the basis of 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 North America automotive backing plate market is fragmented into the US, Mexico, and Canada. The US contributed a substantial share in 2020.
Super Circle, NUCAP, MAT Foundry Group Ltd, Dorman Products, ORTHLINGHAUS-WERKE Gmbh, Sparex, and ACDelco are the leading companies in the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 117.83 Million |
| Market Size by 2028 | US$ 146.55 Million |
| CAGR (2021 - 2028) | 3.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Brake Types
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
1. Super Circle.
2. NUCAP.
3. MAT Foundry Group Ltd.
4. Dorman Products.
5. ORTHLINGHAUS-WERKE Gmbh.
6. Sparex.
7. ACDelco.
The North America Automotive Backing Plate Market is valued at US$ 117.83 Million in 2021, it is projected to reach US$ 146.55 Million by 2028.
As per our report North America Automotive Backing Plate Market, the market size is valued at US$ 117.83 Million in 2021, projecting it to reach US$ 146.55 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.
The North America Automotive Backing Plate Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Automotive Backing Plate Market report:
The North America Automotive Backing Plate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Automotive Backing Plate Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Automotive Backing Plate Market value chain can benefit from the information contained in a comprehensive market report.
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