Market
Research Future (MRFR) in its new research study, asserts that the “Global
Automotive brake linings Market” is booming and expected to grow exponentially
over the review period, recording a substantial market valuation and a vigorous
~7.8% CAGR in the forecast to 2025.
Automotive
brake linings are breaking systems employed for vehicle and consumer safety.
They are materials attached to brake shoes with rivets and protect rotors from
direct contact by creating friction to slow down the vehicle. The global automotive brake linings market report by Market Research
Future (MRFR) provides estimations and projections for automotive manufacturers
for the period of 2019 to 2025 (forecast period) while covering latest policies
and norms on vehicle safety. The COVID-19 pandemic has also been included as a sizeable
factor in the report.
Market
Scope
The global
automotive brake linings market is projected to expand in size at a rapid pace
during the forecast period. The use of brake linings in SUVs, sales of
four-wheelers, demand for off-highway vehicles, passenger safety in passenger
and commercial vehicles, and low maintenance costs of upgrading the system are
major drivers of the market. Technological strides in braking, rise in
urbanization, and growing disposable income levels can bode well for the market.
Competitive Outlook
General
Motors, AISIN SEIKI Co., Ltd, SGL Group, AKEBONO BRAKE INDUSTRY CO., LTD,
Federal-Mogul, TMD FRICTION HOLDINGS GMBH, Meritor, Inc., Brembo S.p.A., Japan
Brake Industrial Co., Ltd, and Continental AG are key players of the global
automotive brake linings market.
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Sample Report @ https://www.marketresearchfuture.com/sample_request/7690
Segmentation
- On the basis of material, the global market has been
segmented into semi-asbestos, ceramic, and non-asbestos brake lining. The
non-asbestos brake lining segment is expected to gain the lead in demand
owing to health hazards posed by consumption of asbestos. Its organic
nature and high performance in face of high speeds can drive the segment
growth.
- On the basis of vehicle type, it has been divided into
passenger cars and commercial vehicles. Passenger cars are expected to
command a huge share of the market due to concerns of passenger safety 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 sales channel is expected to
garner revenues for the market owing to trust in certain brands and
concern of safety and security of passengers. The need for performance
efficiency in brake systems and quality checks by component manufacturers
can ensure the segment growth.
Regional
Analysis
Geographically,
the global automotive brake linings market has been segmented into four major
regions - North America, Europe, Asia Pacific (APAC), and Rest-of-the-World
(RoW). APAC 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.
North
America is likely to carve a huge share of the global automotive brake linings
market owing to the resurgence of car production and the common mode of
transportation for most passengers in the region.
If you
have any requirements, let know and we will customize the report according to
your need.
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DETAILS – https://www.marketresearchfuture.com/reports/automotive-brake-linings-market-7690
Major
Highlights of TOC Covers:
·
Executive Summary
·
Key Business
Trends
·
Regional Trends
and Growth
·
Product Trends
·
End-use Trends
·
Definition and
Forecast Parameters
·
Automotive brake
linings Market Segmentation
Continued…
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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