Press release
Automotive Brake Lining Market to grow at a rate of 5.09%,Size, Industry Trends
Automotive brake lining is defined as a layer of frictional material bonded to the brake shoes. The material used for the manufacture of automotive brake linings is heat resistant to prevent friction from causing sparks or fire. Automotive brake linings are generally made from soft although tough heat resistant materials and are mounted over the brake shoe using high temperature adhesives.View Detailed Report: https://www.databridgemarketresearch.com/reports/global-automotive-brake-lining-market
Increase in the demand for advanced braking systems to achieve improved braking capability and a pleasant braking sensation is the major driver escalating the market growth, also rise in the research and development activities in the market and rise in the demand from emerging economies are the major factors among others driving the automotive brake lining market growth. Moreover, increase in the technological advancements and modernization in the production techniques and rise in the demand from emerging economies will further create new opportunities for the automotive brake lining market manufacturers in the forecast period of 2021- 2028.
However, rise in the cost of research and development activities acts as the major factor acting as a restraint, and will further challenge the growth of automotive brake lining market in the forecast period.
Automotive brake lining market will reach at an estimated value of USD 234.54 million and grow at a rate of 5.09% in the forecast period 2021 to 2028. Rise in the concerns towards safety and security and the need for enhanced performance efficiency of brake systems acts as the vital factor escalating the demand for automotive brake lining market in the forecast period of 2021- 2028.
The major players covered in the automotive brake lining market report are Federal-Mogul Corporation, ASK Automotive Pvt. Ltd, Nisshinbo Holdings Inc, SGL Group, Miba AG, Akebono Brake Industries, Taiwan Brake Technology Corp, Brembo, Masu Brake and Rane Brake Lining Limited among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
Global Automotive Brake Lining Market Scope and Market Size
Automotive brake lining market is segmented on the basis of material and vehicle type. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
On the basis of material, automotive brake lining market is segmented into non-asbestos, semi-asbestos and ceramic friction brake lining.
Based on vehicle type, the automotive brake lining market is segmented into passenger and commercial.
Asia-Pacific dominates the automotive brake lining market due to rise in the automotive production and increasing automotive fleet are anticipated to drive the demand in the region. North America and Europe are the expected regions in terms of growth in automotive brake lining market due to rise in the research and development activities in this region.
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