Market Scope
The global automotive brakelinings market is projected to expand in size at a rapid pace during theforecast period. The use of brake linings in SUVs, sales of four-wheelers,demand for off-highway vehicles, passenger safety in passenger and commercialvehicles, and low maintenance costs of upgrading the system are major driversof the market. Technological strides in braking, rise in urbanization, andgrowing disposable income levels can bode well for the market.
However, strict regulationspertaining to use of lightweight materials in brake linings can hinder marketgrowth.
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Automotive Brake LiningsMarket Overview:
Automotive brake linings arebraking systems employed for vehicle and consumer safety. They are materialsattached to brake shoes with rivets and protects rotors from direct contact bycreating friction to slow down the vehicle. The global automotive brake liningsmarket report by Market Research Future (MRFR) provides estimations andprojections for automotive manufacturers for the period of 2019 to 2025 (forecastperiod) while covering latest policies and norms on vehicle safety. TheCOVID-19 pandemic has also been included as a sizeable factor in the report.
Segmentation
The globalautomotive brake linings market is segmented on the basis of material,vehicle type, and sales channel.
On the basis of material, theglobal market has been segmented into semi-asbestos, ceramic, and non-asbestosbrake lining. The non-asbestos brake lining segment is expected to gain thelead in demand owing to health hazards posed by consumption of asbestos. Itsorganic nature and high performance in face of high speeds can drive thesegment growth.
On the basis of vehicle type, ithas been divided into passenger cars and commercial vehicles. Passenger carsare expected to command a huge share of the market due to concerns of passengersafety and long life of brake pads and high strength.
On the basis of sales channel,the global market has been divided into OEM and aftermarket. The OEM saleschannel is expected to garner revenues for the market owing to trust in certainbrands and concern of safety and security of passengers. The need forperformance efficiency in brake systems and quality checks by componentmanufacturers can ensure the segment growth.
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Regional Analysis
Geographically, the globalautomotive brake linings market has been segmented into four major regions -North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). APACis estimated to hold the highest market share throughout the forecast periodowing to growing production and sales of automobiles from China, Japan andIndia. Furthermore, it is also expected to witness the highest growth duringthe forecast period due to the growing disposable income from countries such asChina and India, increasing population, rapid urbanization, and increasingfocus on driver and vehicle safety.
North America is likely to carvea huge share of the global automotive brake linings market owing to theresurgence of car production and the common mode of transportation for mostpassengers in the region.
AutomotiveBrake Linings Market Competitive Outlook
General Motors, AISIN SEIKI Co.,Ltd, SGL Group, AKEBONO BRAKE INDUSTRY CO., LTD, Federal-Mogul, TMD FRICTIONHOLDINGS GMBH, Meritor, Inc., Brembo S.p.A., Japan Brake Industrial Co., Ltd,and Continental AG are key players of the global automotive brake liningsmarket.
Table Of Contents:
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five ForcesAnalysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply ChainAnalysis
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About Market Research Future:
Market Research Future (MRFR) isa global market research firm that takes great pleasure in its services,providing a detailed and reliable study of diverse industries and consumersworldwide. MRFR's methodology integrates proprietary information with differentdata sources to provide the client with a comprehensive understanding of thecurrent key trends, upcoming events, and the steps to be taken based on thoseaspects.
Our rapidly expanding marketresearch company is assisted by a competent team of research analysts whoprovide useful analytics and data on technological and economic developments.Our deemed analysts make industrial visits and collect valuable informationfrom influential market players. Our main goal is to keep our clients informedof new opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services toreach managerial and actionable decisions.
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