The global Brake Shim Materials Market is anticipated to experience significant growth from 2024 to 2029, driven by evolving vehicle safety standards and advancements in braking technology. The market for brake shims encompasses a variety of materials, including semi-metallic, non-asbestos organic (NAO), low-metallic NAO, ceramic, and others. These materials play a crucial role in reducing noise and vibration during braking, ensuring a smooth automotive experience.
Moreover, collaborations and partnerships between automotive manufacturers and brake materials suppliers are becoming more common. Vulnerability to supply chain disruptions has prompted many companies to source raw materials locally to ensure a stable supply and compliance with local regulations.
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Market Overview
The brake shim materials market is defined by both OEM (original equipment manufacturer) and aftermarket applications. The market is segmented by product type, process, and end-use applications. Key automotive manufacturers are increasingly focusing on producing vehicles that enhance safety and reliability, prompting higher demand for effective brake shim materials.Market Size and Share
The market was valued at approximately $1.63 billion in 2023 and is projected to reach about $2.54 billion by 2029, growing at a CAGR of around 7.5%. Factors such as the rising demand for personal vehicles, expansion in the automotive sector, and increased emphasis on vehicle maintenance in the aftermarket space are contributing to this growth.Trends Analysis by Product Type
The brake shim materials market can be segmented into various product types:- Semi-Metallic: Comprising around 35% of the market share, these materials are favored for high-performance applications due to their high thermal conductivity and durability.
- Non-Asbestos Organic (NAO): These materials account for approximately 30% of the market. They are gaining popularity due to their eco-friendliness and noise-damping properties.
- Low-Metallic NAO: Making up nearly 25% of the market, low-metallic NAO materials are recognized for their balance of performance and noise reduction.
- Ceramic: Representing around 7% of the market, ceramic brake shims are noted for their low dust production and durability, making them popular in hybrid and electric vehicles.
- Others: Other materials, including various composite mixtures, account for about 3% of the market segment.
Key Players in the Market
The brake shim materials market is characterized by strong competition amongst key players:- Akebono Brake Industry
- European Brake Company
- ABS Friction
- Sangsin Technology
- Brembo
- Japan Brake Industrial
- Aisin Seiki
- Valeo Friction Materials
- Yantai Hi-Pad Brake Technology
By Process
The market can also be segmented by manufacturing process, including:- Cold Pressing: This method offers lower production costs and is widely adopted in the manufacture of various brake shim types.
- Hot Pressing: Used primarily for high-performance applications, offering higher density and strength.
By Application
The primary applications include:- OEM (Original Equipment Manufacturer): Accounts for approximately 55% of the market share. OEMs are utilizing advanced materials to enhance the efficacy and lifespan of their vehicles' braking systems.
- Aftermarket: Representing about 45% of the market, the aftermarket segment is benefiting from increasing repair and replacement of brake components by vehicle owners.
By End-Use
The major end-use sectors include:- Light Commercial Vehicles
- Passenger Cars
- Heavy Commercial Vehicles
By Region
The brake shim materials market is divided regionally as follows:- North America: Dominating with a market share of around 30%, driven by the presence of leading automotive manufacturers and high vehicle ownership rates.
- Europe: Accounts for approximately 25% of the market, with stringent regulations promoting innovative braking technologies.
- Asia-Pacific: Expected to witness the highest growth rate during the forecast period, driven by increasing vehicle production and sales in emerging countries like China and India.
Market News, Policy, and Company Developments
Recent regulatory developments in various countries are promoting the adoption of materials that are more environmentally friendly and provide superior performance. Many governments are imposing stricter emissions standards, driving manufacturers to innovate in brake materials. Companies investing in sustainable practices, like Akebono Brake Industry, are gaining competitive advantages in meeting these regulations.Moreover, collaborations and partnerships between automotive manufacturers and brake materials suppliers are becoming more common. Vulnerability to supply chain disruptions has prompted many companies to source raw materials locally to ensure a stable supply and compliance with local regulations.
Segment Forecasts: 2024 - 2029
The brake shim materials market is expected to continue its upward trajectory through 2029. Key forecasts include:- The semi-metallic brake shim segment is estimated to grow at a CAGR of approximately 6%, driven by high-performance applications in electric and hybrid vehicles.
- The NAO segment is projected to maintain a growth rate of about 8% as demand for eco-friendly products rises.
- The aftermarket segment is set to expand further, with expected growth rates of around 9%, as more consumers choose to maintain their vehicles longer.
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast Brake Shim Materials Market in North America (2020-2030)
Chapter 10 Historical and Forecast Brake Shim Materials Market in South America (2020-2030)
Chapter 11 Historical and Forecast Brake Shim Materials Market in Asia & Pacific (2020-2030)
Chapter 12 Historical and Forecast Brake Shim Materials Market in Europe (2020-2030)
Chapter 13 Historical and Forecast Brake Shim Materials Market in MEA (2020-2030)
Chapter 14 Summary For Global Brake Shim Materials Market (2020-2025)
Chapter 15 Global Brake Shim Materials Market Forecast (2025-2030)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Akebono Brake Industry
- European Brake Company
- ABS Friction
- Sangsin Technology
- Brembo
- Japan Brake Industrial
- Aisin Seiki
- Valeo Friction Materials
- Yantai Hi-Pad Brake Technology
