North America 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 North America is expected to grow from US$ 108.50 million in 2021 to US$ 136.30 million by 2028. It is estimated to grow at a CAGR of 3.3% from 2021 to 2028.
The trend of urbanization is growing exponentially, leading to a hike in the average disposal income of the urban population, allowing people to enhance their lifestyles. The transformed lifestyles further boost the demand for passenger cars, thus, propelling the manufacturers to uplift their production to optimally cater to their customers. There has been a steady rise in the production of vehicles, including passenger cars and commercial vehicles, across North America in the post-recession era, i.e., since 2010. Lowered interest rates on loans have also favored the growth of the automobile industry. Further, in the past few years, consumer behavior toward intercity and intracity transit has transformed to a new level. With a surge in the disposable income of individuals and the stable economic structure of countries, the production of vehicles has increased exponentially owing to the rising demand for cars, which is creating the requirement 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 North America automotive brake shims market at a substantial CAGR during the forecast period.
North America Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
North America Automotive Brake Shims Market Segmentation
The North America 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 the largest share of the market, and it is also expected to register the highest CAGR during the forecast period. Based on application, the North America automotive brake shims market is segmented into two wheeler, passenger vehicle, and commercial vehicle. In 2020, the passenger vehicle segment held the largest share of the market in this region; it is also expected to register the highest CAGR during the forecast period. Based on country, the North America automotive brake shims market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share, and the market in the US is expected to grow at the fastest CAGR during the forecast period.
Avery Dennison Corporation, Brembo S.p.A., BOSCH Auto Parts, Trelleborg Group, Meneta, Super Circle, NUCAP, Brake Performance, Delphi Technologies Plc., and TEXTAR Brake Technology are among the leading companies in the North America 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. North America Automotive Brake Shims Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Automotive Brake Shims Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Burgeoning Production of Automotive Vehicles
5.1.2 Increasing Norms for Reducing Fatalities Caused by Vehicle Accidents
5.2 Market Restraints
5.2.1 Limited Copper in Brake Pad Development
5.3 Market Opportunities
5.3.1 Higher Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Developments in Automotive Brake Technology
5.5 Impact Analysis of Drivers and Restraints
6. North America Automotive Brake Shims Market Analysis
6.1 North America Automotive Brake Shims Market Overview
6.2 North America Automotive Brake Shims Market Forecast and Analysis
7. North America Automotive Brake Shims Market Analysis – By Material Type
7.1 Overview
7.2 North America 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. North America Automotive Brake Shims Market Analysis – By Application
8.1 Overview
8.2 North America 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. North America Automotive Brake Shims Market – Country Analysis
9.1 Overview
9.1.1 North America Automotive Brake Shims Market Breakdown, by Country
9.1.1.1 US Automotive Brake Shims Market, Revenue and Forecast to 2028
9.1.1.1.1 US Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.1.2 US Automotive Brake Shims Market Breakdown, By Application
9.1.1.2 Canada Automotive Brake Shims Market, Revenue and Forecast to 2028
9.1.1.2.1 Canada Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.2.2 Canada Automotive Brake Shims Market Breakdown, By Application
9.1.1.3 Mexico Automotive Brake Shims Market, Revenue and Forecast to 2028
9.1.1.3.1 Mexico Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.3.2 Mexico 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 Brake Performance
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 Delphi Technologies Plc.
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
11.10 TEXTAR Brake Technology
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Automotive Brake Shims Market Revenue and Forecasts to 2028 (US$ Million)
Table 2. North America Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 3. US Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 4. US Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 5. Canada Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 6. Canada Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 7. Mexico Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 8. Mexico Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 9. Glossary of Term: North America Automotive Brake Shims Market
LIST OF FIGURES
Figure 1. North America Automotive Brake Shims Market Segmentation
Figure 2. North America Automotive Brake Shims Market Segmentation – By Country
Figure 3. North America Automotive Brake Shims Market Overview
Figure 4. Others Segment Held the Largest Market Share in 2020 – by Material Type
Figure 5. The US was the Largest Revenue Contributor in 2020 – by Country
Figure 6. North America - PEST Analysis
Figure 7. North America Automotive Brake Shims Market– Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. North America Automotive Brake Shims Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Automotive Brake Shims Market Forecast and Analysis to 2028, US$ Million
Figure 11. North America 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. North America 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. Geographic Representation of North America Automotive Brake Shims Market
Figure 21. North America Automotive Brake Shims Market Breakdown, by Country, 2020 & 2028 (%)
Figure 22. US Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
Figure 23. Canada Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
Figure 24. Mexico 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
- Brake Performance
- 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 North America 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 North America 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 North America 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