As per MRFR analysis, the Automotive Brake Shims Market Size was estimated at 2.72 (USD Billion) in 2022.The Automotive Brake Shims Market Industry is expected to grow from 2.83(USD Billion) in 2023 to 4.02 (USD Billion) by 2032. The Automotive Brake Shims Market CAGR (growth rate) is expected to be around 3.98% during the forecast period (2024 - 2032).
Rising concerns over vehicle safety and stringent regulations on noise and vibration control are driving demand for automotive brake shims. Technological advancements, such as the development of lightweight and high-performance materials, are also contributing to market growth. Additionally, increasing demand for electric and hybrid vehicles is presenting new opportunities for brake shim manufacturers.
Key market trends include the growing adoption of advanced driver assistance systems (ADAS), the rise of autonomous vehicles, and the shift toward electric powertrains. These trends are expected to fuel demand for brake shims with improved performance, noise reduction, and wear resistance.
Opportunities for growth lie in the development of new materials and technologies that reduce noise and vibration, as well as the expansion into emerging markets. The market will continue to witness innovation and consolidation as manufacturers seek to gain a competitive edge.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Growing Demand for Advanced Safety Features
The increasing demand for advanced safety features in automobiles is a major driver of the growth of the Global Automotive Brake Shims Market Industry. As vehicles become more technologically advanced, they are equipped with a wider range of safety features, including anti-lock braking systems (ABS), electronic stability control (ESC), and lane departure warning systems (LDWS). Brake shims play a critical role in the proper functioning of these safety features by reducing noise and vibration and improving braking performance. The growing adoption of these safety features is expected to continue to drive demand for brake shims in the coming years.
Rising Production of Electric Vehicles
In addition, the growing production of electric vehicles or EVs is a notable driver of the growth of the Automotive Brake Shims Market Industry. Electric vehicles have different brake characteristics from gasoline vehicles and tend to be heavier, necessitating an effective balance in the brake system. Brake shims also help meet the demands of ensuring that the brake systems perform safely. The increasing trend of the demand and use of electric vehicles is expected to have a direct proportion to the demand for brake shims.
Increasing Focus on Vehicle Maintenance and Repair
The number of vehicles on the road is increasing, and so is the focus on maintenance and repair of vehicles; thus, it is also a driver that adds to the growth of the automotive brake shims market industry. As the vehicle ages, the frequency of its maintenance and repair keeps increasing. Brake systems are essential to any vehicle, and so are the brake shims. The brake shims function to ensure their performance and function properly. In the coming years, it is likely to see an increasing demand for brake shims with a growing number of vehicles on the road and the continuously increasing age of the vehicle fleet.
The Global Automotive Brake Shims Market is segmented by Material into Steel, Copper, Ceramic, Rubber, and Polymers. The Steel segment is expected to hold the largest market share in 2023, accounting for over 40% of the global market. The Copper segment is expected to grow at the highest CAGR during the forecast period, driven by the increasing demand for high-performance brake systems. Steel brake shims are the most commonly used type of brake shim due to their high strength and durability. They are typically made from cold-rolled steel and are designed to withstand the high temperatures and pressures generated during braking.
Steel brake shims are also relatively inexpensive to produce, which makes them a cost-effective option for many manufacturers. Copper brake shims are becoming increasingly popular due to their excellent thermal conductivity and noise reduction properties. Copper is a soft metal that is able to absorb vibrations and reduce noise levels. Copper brake shims are also more resistant to corrosion than steel brake shims, making them ideal for use in harsh environments. Ceramic brake shims are made from a ceramic material, such as silicon carbide or aluminum oxide.
Ceramic brake shims are very hard and durable, and they offer excellent thermal insulation. Ceramic brake shims are also very lightweight, which can help to improve the overall performance of the brake system. Rubber brake shims are made from a rubber compound that is designed to absorb vibrations and reduce noise levels. Rubber brake shims are relatively inexpensive to produce, and they are often used in low-cost brake systems. Polymer brake shims are made from a polymer material, such as polyethylene or polypropylene. Polymer brake shims are lightweight and flexible, and they offer good thermal insulation.The growth of the market is attributed to the increasing demand for high-performance brake systems and the growing popularity of electric vehicles.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Passenger cars, commercial vehicles, and motorcycles are the three main types of vehicles for which brake shims are used. Passenger cars accounted for the largest share of the global automotive brake shims market in 2023, and this trend is expected to continue through 2032. The increasing production and sales of passenger cars, particularly in emerging economies, are driving the growth of this segment. Commercial vehicles are another major segment of the automotive brake shims market, and this segment is expected to grow significantly over the forecast period.
The rising demand for commercial vehicles for both freight and passenger transportation is fueling the growth of this segment. Motorcycles are the smallest segment of the automotive brake shims market, but this segment is also expected to grow over the forecast period. The increasing popularity of motorcycles as a mode of transportation, particularly in developing countries, is driving the growth of this segment.
The Noise Reduction Level segment of the Global Automotive Brake Shims Market is categorized into Standard, High, and Ultra-High. In 2023, the Standard segment held the largest market share, accounting for over 55% of the total revenue. This is primarily due to its affordability and widespread adoption in budget-friendly vehicles. The High segment is projected to exhibit significant growth during the forecast period, owing to increasing demand for enhanced noise reduction in mid-range and luxury vehicles. The Ultra-High segment, though currently holding a smaller market share, is expected to gain traction in the coming years as manufacturers focus on developing advanced noise suppression technologies.The Global Automotive Brake Shims Market segmentation provides valuable insights into the market dynamics, allowing key players to tailor their strategies and cater to specific customer requirements.
The Global Automotive Brake Shims Market segmentation by Brake System Type includes Disc Brakes and Drum Brakes. Disc Brakes held the major market share in 2023 and are projected to maintain their dominance throughout the forecast period. The increasing adoption of disc brakes in vehicles, owing to their superior braking performance and reduced noise levels, is driving the growth of this segment. Drum brakes, on the other hand, are expected to witness a steady growth rate during the forecast period, primarily due to their lower cost and simpler design, making them suitable for budget-friendly vehicles and commercial applications.
The Global Automotive Brake Shims Market data shows that the revenue generated from the Disc Brakes segment is expected to reach USD 2.65 billion by 2032, while the Drum Brakes segment is projected to generate USD 1.37 billion by the end of the forecast period. The growth of the Automotive Brake Shims Market is attributed to the increasing production and sales of vehicles, particularly in emerging markets, along with the rising demand for improved braking systems for enhanced safety and performance.
The Global Automotive Brake Shims Market segmentation by Application into OEM and Aftermarket offers crucial insights into the industry dynamics. In 2023, the OEM segment held the dominant market share attributed to the increasing production of new vehicles. The growing demand for improved braking performance and safety features in new vehicles has fueled the OEM segment's growth. The Aftermarket segment is anticipated to witness a significant growth rate during the forecast period. The rising number of vehicles on the road and the increasing need for brake maintenance and repairs are driving the demand for brake shims in the aftermarket segment. Moreover, the growing popularity of online aftermarket platforms and the increasing affordability of brake shims contribute to the growth of this segment.
The regional segmentation of the Global Automotive Brake Shims Market provides insights into the market's performance across different geographic regions. In 2023, North America held the dominant position in the global market, accounting for around 35% of the total revenue. This dominance can be attributed to the presence of major automotive manufacturers and a well-established automotive aftermarket in the region.
Europe followed closely behind, capturing approximately 30% of the market share due to the presence of leading automotive manufacturers and a high demand for high-performance vehicles.APAC is projected to witness significant growth in the coming years, owing to the rising production and sales of automobiles in emerging economies such as China and India. South America and MEA are expected to contribute a smaller but growing share of the overall market, driven by increasing urbanization and rising disposable incomes.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Automotive Brake Shims Market industry are constantly working on developing innovative products and technologies to meet the increasing demand. Collaboration and partnerships are also becoming more common as companies seek to expand their product offerings and reach new markets. The Automotive Brake Shims Market is expected to see a number of new product launches and developments in the coming years. Leading Automotive Brake Shims Market players are also investing in research and development to improve the performance and efficiency of their products. This is expected to lead to a number of new innovations and breakthroughs in the Automotive Brake Shims Market. The Automotive Brake Shims Market is also expected to see a number of mergers and acquisitions in the coming years as companies look to consolidate their market share.
Aisin Seiki Co., Ltd. is a leading Automotive Brake Shims Market player. The company offers a wide range of Automotive Brake Shims products, including brake pads, brake rotors, and brake calipers. Aisin Seiki Co., Ltd. has a strong presence in the Automotive Brake Shims Market industry, with operations in over 20 countries. The company is committed to providing high-quality Automotive Brake Shims products and services, and it has a strong reputation for innovation and customer satisfaction. Aisin Seiki Co., Ltd. is well-positioned to continue to be a leading Automotive Brake Shims Market player in the years to come.
Federal-Mogul Corporation is a leading competitor in the Automotive Brake Shims Market industry. The company offers a wide range of Automotive Brake Shims products, including brake pads, brake rotors, and brake calipers. Federal-Mogul Corporation has a strong presence in the Automotive Brake Shims Market industry, with operations in over 20 countries. The company is committed to providing high-quality Automotive Brake Shims products and services, and it has a strong reputation for innovation and customer satisfaction. Federal-Mogul Corporation is well-positioned to continue to be a leading Automotive Brake Shims Market player in the years to come.
The global automotive brake shims market is projected to grow from USD 2.83 billion in 2023 to USD 4.02 billion by 2032, exhibiting a CAGR of 3.98% during the forecast period. Rising demand for passenger cars and commercial vehicles, coupled with increasing safety regulations, is driving the growth of the market. Additionally, the growing adoption of electric vehicles is expected to boost demand for brake shims as they are essential for reducing noise and vibration in electric vehicles. Key industry participants are focusing on product development and strategic partnerships to gain a competitive edge. Recent developments include the launch of new brake shim materials and partnerships between brake shim manufacturers and automotive OEMs.
| Report Attribute/Metric | Details |
| Market Size 2022 | 2.72 (USD Billion) |
| Market Size 2023 | 2.83 (USD Billion) |
| Market Size 2032 | 4.02 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.98% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Delphi, Mando, Brembo, Robert Bosch, Akebono, Continental, Showa, Mahle, Nisshinbo, FederalMogul, Aisin, TRW Automotive, Trelleborg, BorgWarner, Hyundai Wia |
| Segments Covered | Material, Vehicle Type, Noise Reduction Level, Brake System Type, Application, Regional |
| Key Market Opportunities | Rising demand for electric vehicles Growing popularity of lightweight materials Increasing focus on safety and performance Expanding aftermarket for brake shims Advancements in materials science |
| Key Market Dynamics | Increasing safety awareness Stringent emission regulations Rise in automotive production Technological advancements Growing demand for electric vehicles |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Automotive Brake Shims Market is estimated to be worth around 2.83 Billion USD in 2023.
The Global Automotive Brake Shims Market is projected to grow at a CAGR of 3.98% from 2024 to 2032.
North America is expected to dominate the Global Automotive Brake Shims Market in 2023.
The passenger car segment is expected to hold the largest market share in the Global Automotive Brake Shims Market in 2023.
Some of the key competitors in the Global Automotive Brake Shims Market include Federal-Mogul, Tenneco, Akebono Brake Corporation, and Nisshinbo Holdings.
The key factors driving the growth of the Global Automotive Brake Shims Market include increasing vehicle production, rising demand for safety features, and growing awareness of noise reduction.
The key challenges faced by the Global Automotive Brake Shims Market include fluctuating raw material prices, intense competition, and stringent environmental regulations.
The key trends shaping the Global Automotive Brake Shims Market include the adoption of lightweight materials, the development of electric vehicles, and the increasing use of advanced safety features.
The Global Automotive Brake Shims Market is expected to reach around 4.02 Billion USD by 2032.
Some of the growth opportunities for the Global Automotive Brake Shims Market include the expansion of the automotive industry in emerging markets, the development of new technologies, and the increasing focus on sustainability.
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