ID: MRFR/AM/6221-HCR | February 2021 | Region: Global | 100 pages
Modern cars have brake lining on all four wheels, which are operated by hydraulic systems. The automotive brake linings are a type of breaking system employed in automobiles for enhancing vehicle safety. They are high-pressure breaking systems, which are used in drum brakes and disc brakes. The automotive brake linings are made up of various materials, such as non-asbestos, semi asbestos, and ceramic, which are available at low prices in the market, making them economical to brake system manufacturers. The major advantage of this system is that it can be designed with enough fail-safe capacity to stop the vehicle safely even with considerable leakage. This type of breaking system are easy to install on brake shoes and pads as they are interconnected by pipes.
The major key driving factors for the growth of this market are the increasing uses of automotive brake linings in SUV’s, rising sale and production of commercial vehicles across the globe, rising demand for off-highway vehicles due to growing construction and mining activities, increasing long distance transportation, low maintenance cost of this system, and the growing concerns regarding the safety of passenger and commercial vehicles.
The growing stopping distances over hydraulic breaking and stringent regulations relating to the use of light-weight materials in the brake linings are some of the factors that are hindering market growth. However, the growing disposable income from countries such as China, India, and Germany, the advancement in technology like regenerative braking system, growing urbanization, and developing economies from emerging countries are providing opportunities for the global market.
Competition amongst automotive brake linings manufacturers and government regulations to use environment-friendly materials in automotive brake linings has prompted manufacturers to design the system as per the government regulations, which is considered as one of the key factors responsible for the growth of this market.
Automotive Brake Linings Market Segmentation
The global automotive brake linings market is segmented on the basis of material, vehicle type, sales channel, and region. On the basis of material, the global market has been segmented into semi-asbestos, ceramic, and non-asbestos brake lining. On the basis of vehicle type, the global market has been divided into passenger cars and commercial vehicles. On the basis of sales channel, the global market has been divided into OEM and aftermarket.
Geographically, the global automotive brake linings market has been segmented into four major regions- North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the highest market share throughout the forecast period, owing to growing production and sales of automobiles from China, Japan and India. Furthermore, Asia-Pacific is also expected to witness the highest growth during the forecast period due to the growing disposable income from countries such as China and India, increasing population, rapid urbanization, and increasing focus on driver and vehicle safety.
The prominent players in the global automotive brake linings industry are AKEBONO BRAKE INDUSTRY CO., LTD (Japan), AISIN SEIKI Co., Ltd (Japan), Continental AG (Germany), General Motors (US), SGL Group (Germany), Federal-Mogul (US), Brembo S.p.A. (Italy), TMD FRICTION HOLDINGS GMBH (UK), Meritor, Inc. (US), and Japan Brake Industrial Co., Ltd (Japan).
The report for the global automotive brake linings market by Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
Frequently Asked Questions (FAQ) :
The market is forecasted till 2025.
AISIN SEIKI Co., Ltd (Japan), AKEBONO BRAKE INDUSTRY CO., LTD (Japan), General Motors (US), SGL Group (Germany), Continental AG (Germany) are the key players of the market.
Asia-Pacific is holding the highest market share in the forecast period.
The three major regions in the market study are North America, Europe, Asia-Pacific, and the rest of the world.
The major key driving factors for the growth of this market are the growing uses of automotive brake linings in SUV’s, growing sale and production of commercial vehicles across the globe, escalating demand for off-highway vehicles, low maintenance cost of this system.