Asia Pacific Automotive Backing Plate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Brake Types, Brake Material Type, and Vehicle Type

The Asia Pacific automotive backing plate market is expected to reach US$ 370.23 million by 2028 from US$ 269.75 million in 2021. It is estimated to grow at a CAGR of 4.6% from 2021 to 2028.

When an EV driver releases the accelerator pedal during regenerative braking, the power flow from the battery to the motor is discontinued. However, the spinning component of the engine (the rotor) continues rotating in tandem with the wheels of the still-moving automobile. Without a constant supply of electricity from the battery, the motor transforms into a generator, transferring kinetic energy from the spinning rotor to the battery, while resistance to the rotor slows the vehicle. Regenerative braking is a new technique used for over years, although novel research and developments continue to improve its efficiency. Advancements in batteries will enhance the amount of energy that regenerative braking can store. Supercapacitor developments will also improve braking efficiency. Regenerative braking is most effective at higher speed and on a long downhill since more kinetic energy can be converted. Continued research on regenerative braking systems can reduce the energy loss in the braking process to make electric vehicles more efficient, economical, and environmental-friendly.

Continuous advancements in regenerative braking systems are likely to provide lucrative opportunities to the APAC automotive backing plate market over the next few years. The regional market is expected to grow at a good CAGR during the forecast period.

Asia Pacific Automotive Backing Plate Market Segmentation

The Asia Pacific Automotive Backing Plate market is segmented into brake types, brake material type, vehicle type, and country.Based on brake types, the market is bifurcated into disc brakes and drum brakes. In 2020, the drum brake segment held a larger market share. Based on brake material type, the market is segmented into aluminum, iron, and others. In 2020, the others segment held a largest market share. Based on vehicle type, the market is categorized into passenger cars, light commercial vehicle, and heavy commercial vehicle. In 2020, the passenger cars segment held a largest market share. Based on country, the Asia Pacific Automotive Backing Plate market is fragmented into Australia, China, India, Japan, South Korea, and Rest of APAC. The China is contributed a substantial share in 2020.

Super Circle,NUCAP,MAT Foundry Group Ltd,INDUS Marmara Auto Components Pvt ltd,Dorman Products,ORTHLINGHAUS-WERKE Gmbh,Sparex,RSB Tech solution and ACDelco are among the leading companies in the Asia Pacific Automotive Backing Plate market..