Automotive Brake Shims Market
The global automotive brake shims market, valued at USD 315.2 million in 2018, is projected to reach USD 349.0 million by 2023 and is anticipated to grow at a CAGR of 5.6% from 2023 to 2033, reaching USD 604.5 million by 2033, according to Future Market Insights (FMI).
Automotive brake shims are thin, insulating components positioned between brake pads and calipers to minimize noise, vibration, and harshness during braking. With the rise of electric vehicles (EVs) emphasizing quieter and more comfortable braking, demand for specialized brake shims is increasing, especially for noise reduction in regenerative braking systems. Manufacturers are innovating to produce durable shims compatible with EV systems, which are increasingly important in the aftermarket sector.
A shift toward sustainable materials, like recycled rubber and bio-based composites, is emerging within the industry. These materials not only reduce waste and emissions but also enhance shim durability and performance, making them suitable for the environmentally conscious automotive industry.
Comprehensive Market Insights: Full Report Overview
Key Takeaways from the Automotive Brake Shims Market Study:
- From 2018 to 2022, the automotive brake shims market recorded a CAGR of 2%.
- The U.S. market for brake shims is expected to reach USD 100.1 million by 2033.
- China’s market is forecasted to grow at a CAGR of 9% from 2023 to 2033.
- Germany’s brake shims market is set to surpass USD 26.3 million by 2033.
- The rubber material segment is projected to dominate with a CAGR of 7% from 2023 to 2033.
“The market for automobile brake shims is being propelled by growing use of regenerative braking systems globally. Regenerative braking is a technique that uses a vehicle’s kinetic energy to create electricity. For subsequent usage, it can be kept in the battery. This factor is projected to create novel opportunities for leading companies.” – says a lead analyst at Future Market Insights (FMI).
Competitive Landscape
The automotive brake shims industry has a highly competitive landscape, with a significant number of players vying for high market shares. Several significant participants in this industry comprise Robert Bosch GmbH, ZF Friedrichshafen AG, Valeo S.A, Delphi Automotive PLC, Nisshinbo Holdings Inc., and Brembo S.p.A. among others.
Manufacturers might be researching and adopting new materials for brake shims to enhance their performance, durability, and noise reduction capabilities. Advancements in materials science can lead to shims that are more effective at reducing brake noise and vibration.
A handful of players are developing and incorporating advanced noise reduction technologies into brake shims. These could include features such as dampening layers, insulating coatings, and specific designs that minimize noise and vibration during braking.
They are providing a wider range of brake shim designs and sizes to fit several vehicle models and brake systems. Customized solutions can help improve performance and noise reduction for specific vehicles.
For instance,
- EBC Brakes Racing introduced titanium motorsport brake pad shims in April 2022. It is appropriate for the high heat that comes with racing. For a wide range of high performance automotive uses, it was made accessible.
Find More Valuable Insights into Automotive Brake Shims Market Study
The research report analyzes the market demand trends of automotive brake shims. The global market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of automotive brake shims.
As per Future Market Insights (FMI) research scope, the automotive brake shims industry has been studied and segmented on the basis of material (rubber material, pressure sensitive adhesive (PSA) material, and thermoset material, others), application (two wheelers, passenger vehicle, commercial vehicle), sales channel (OEM, aftermarket), and regions. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.
About the Automotive Division at Future Market Insights (FMI)
The automotive division of Future Market Insights (FMI) research offers a novel approach and innovative perspective in analyzing the automotive market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
