Automotive Brake Linings Market value to increase by $ 132.86 Mn during 2021-2025 | Stringent Regulations on Automotive Braking Systems to emerge as Major Trend | Technavio
NEW YORK, May 24, 2021 --
Technavio has been monitoring the automotive brake linings market and it is poised to grow by USD 132.86 million during 2021-2025, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
- Based on segmentation by application, which is the leading segment in the market?
Based on the application, the market saw maximum growth in the passenger vehicles segment in 2020. - What are the major trends in the market?
Stringent regulations on automotive braking systems is one of the major trends in the market. - At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 5% during the forecast period. - Who are the top players in the market?
Aisin Corp., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Haldex AB, Nisshinbo Holdings Inc., Rane Holdings Ltd., Sundaram Brake Linings Ltd., Super Circle Auto Ltd., and TBK Co. Ltd. are the top players in the market. - What are the key market drivers and challenges?
The market is driven by the easy availability of low-cost brake linings. However, frequent vehicle recalls due to brake-related issues might challenge growth. - How big is the APAC market?
APAC dominated the market with a 56% share in 2020.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aisin Corp., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, Haldex AB, Nisshinbo Holdings Inc., Rane Holdings Ltd., Sundaram Brake Linings Ltd., Super Circle Auto Ltd., and TBK Co. Ltd. are some of the major market participants. Although the easy availability of low-cost brake linings will offer immense growth opportunities, frequent vehicle recalls due to brake-related issues is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive brake linings market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Brake Linings Market 2021-2025: Segmentation
Automotive Brake Linings Market is segmented as below:
- Application
- Passenger Vehicles
- Commercial Vehicles
- Geography
- APAC
- Europe
- North America
- South America
- MEA
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Automotive Brake Linings Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive brake linings market report covers the following areas:
- Automotive Brake Linings Market Size
- Automotive Brake Linings Market Trends
- Automotive Brake Linings Market Industry Analysis
This study identifies stringent regulations on automotive braking systems as one of the prime reasons driving the Automotive Brake Linings Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Brake Linings Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist automotive brake linings market growth during the next five years
- Estimation of the automotive brake linings market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive brake linings market across APAC, Europe, North America, South America, and MEA
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive brake linings market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Passenger vehicles - Market size and forecast 2020-2025
- Commercial vehicles - Market size and forecast 2020-2025
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aisin Corp.
- Akebono Brake Industry Co. Ltd.
- Brembo Spa
- Continental AG
- Haldex AB
- Nisshinbo Holdings Inc.
- Rane Holdings Ltd.
- Sundaram Brake Linings Ltd.
- Super Circle Auto Ltd.
- TBK Co. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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