South 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 South America is expected to grow from US$ 19.78 million in 2021 to US$ 20.94 million by 2028. It is estimated to grow at a CAGR of 0.8% from 2021 to 2028.
The rising passenger and commercial vehicle sales are fostering the automotive brake shims market growth. As the demand for vehicles increases, the interest of regulatory bodies in rolling out necessary regulatory mandates for ensuring vehicle safety is also rising. Moreover, fatalities caused due to vehicle accidents are encouraging government bodies to introduce new norms for vehicles and road safety. As a poor braking system is one of the key causes of road accidents, establishing proper norms for using friction materials and braking systems is necessary. As per an article in of January 2021by the LEGISLATIVE COUNSEL'S DIGEST, friction materials containing over 0.5% copper will be prohibited from application in new vehicles commencing by the year 2025. Thus, Akebono and other companies have already begun following these laws. Departments of these companies are engaged in producing and distributing friction materials and collaboratively working on ensuring the compliance with the new laws. Akobono has already developed friction materials described by the new law. Such laws for friction materials and disc brakes support the growth of the automotive brake shims market in South America.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America automotive brake shims market at a substantial CAGR during the forecast period.
South America Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)
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South America Automotive Brake Shims Market Segmentation
The South 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 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 South America 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 South America automotive brake shims market is segmented into Brazil, Argentina, and Rest of SAM. In 2020, Brazil held the largest market share; and is further 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, Delphi Technologies Plc., and TEXTAR Brake Technology are among the leading companies in the South 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. South America Automotive Brake Shims Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America Automotive Brake Shims Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Elevating Production of Automotive Vehicles
5.1.2 Burgeoning Norms for Reducing Fatalities Caused by Vehicle Accidents
5.2 Market Restraints
5.2.1 Minimum Copper in Brake Pad Development
5.3 Market Opportunities
5.3.1 Accelerating Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Betterment in Automotive Brake Technology
5.5 Impact Analysis of Drivers and Restraints
6. South America Automotive Brake Shims Market Analysis
6.1 South America Automotive Brake Shims Market Overview
6.2 South America Automotive Brake Shims Market Forecast and Analysis
7. South America Automotive Brake Shims Market Analysis – By Material Type
7.1 Overview
7.2 South 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. South America Automotive Brake Shims Market Analysis – By Application
8.1 Overview
8.2 South 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. South America Automotive Brake Shims Market – Country Analysis
9.1 Overview
9.1.1 SAM Automotive Brake Shims Market Breakdown, By Country
9.1.1.1 Brazil Automotive Brake Shims Market, Revenue and Forecast to 2028
9.1.1.1.1 Brazil Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.1.2 Brazil Automotive Brake Shims Market Breakdown, By Application
9.1.1.2 Argentina Automotive Brake Shims Market, Revenue and Forecast to 2028
9.1.1.2.1 Argentina Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.2.2 Argentina Automotive Brake Shims Market Breakdown, By Application
9.1.1.3 Rest of SAM Automotive Brake Shims Market, Revenue and Forecast to 2028
9.1.1.3.1 Rest of SAM Automotive Brake Shims Market Breakdown, By Material Type
9.1.1.3.2 Rest of SAM 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 Super Circle
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 Delphi Technologies Plc.
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 TEXTAR Brake Technology
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
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. South America Automotive Brake Shims Market Revenue and Forecasts to 2028 (US$ Million)
Table 2. SAM Automotive Brake Shims Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 3. Brazil Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 4. Brazil Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 5. Argentina Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 6. Argentina Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 7. Rest of SAM Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)
Table 8. Rest of SAM Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 9. Glossary of Term: South America Automotive Brake Shims Market
LIST OF FIGURES
Figure 1. South America Automotive Brake Shims Market Segmentation
Figure 2. South America Automotive Brake Shims Market Segmentation – By Country
Figure 3. South America Automotive Brake Shims Market Overview
Figure 4. Others Segment Held the Largest Market Share in 2020 – by Material Type
Figure 5. South Africa was the Largest Revenue Contributor in 2020 – by Country
Figure 6. South America – PEST Analysis
Figure 7. South America Automotive Brake Shims Market– Ecosystem Analysis
Figure 8. Expert Opinions
Figure 9. South America Automotive Brake Shims Market: Impact Analysis of Drivers and Restraints
Figure 10. South America Automotive Brake Shims Market Forecast and Analysis to 2028, US$ Million
Figure 11. South 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. South 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. South America Automotive Brake Shims Market, 2020 - 2028, US$ Million
Figure 21. SAM Automotive Brake Shims Market Breakdown, By Country, 2020 & 2028 (%)
Figure 22. Brazil Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
Figure 23. Argentina Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)
Figure 24. Rest of SAM 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 South 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 South 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 South 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