According to the analysis conducted by Future Market Insights, the Automotive Brake Shims Market is anticipated to experience a Compound Annual Growth Rate (CAGR) of 5.6%. This growth trajectory is foreseen to culminate in a market valuation of approximately US$ 604.5 million by the year 2033.
Shims for automotive brakes are expected to be crucial parts that are carefully positioned between brake pads and calipers in cars. Demand might be increased by these thin, insulating materials’ capacity to reduce noise, vibrations, and harshness during braking maneuvers.
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It is anticipated that brake shims will considerably improve passenger happiness and vehicle comfort. This is explained by their capability to effectively absorb noise and attenuate vibrations produced by the contact between the brake pad and caliper.
With a strong emphasis on noise reduction and enhanced brake performance, the automotive brake shims sector is being severely impacted by rising production of electric vehicles (EVs). There is an increasing need for specialized brake shims that reduce noise and vibration in EVs. This is because regenerative braking systems have taken the place of conventional friction-based ones.
In order to satisfy these demands, manufacturers are changing the way they produce their products, spurring innovation for greater durability and compatibility with regenerative systems. Brake shim replacement is required by the expanding aftermarket for electric vehicles, further accelerating the market’s development.
The automotive brake shims industry is expected to change as a result of the shift toward electric automobiles. It can highlight how important they are in ensuring that EV users have a quieter and more comfortable braking experience.
Brake shims made of recycled rubber and bio-based composites might help reduce waste and the manufacturing process’ negative environmental effects. This is crucial since the car sector greatly affects the environment. A sustainable future depends on actions to cut emissions and waste.
Brake shim performance can also be improved by the use of sustainable materials. In brake shims, recycled rubber is frequently used as a reinforcement material.
It might increase the shims’ toughness and resistance to deterioration. On the other hand, bio-based composites can provide distinctive qualities such as high strength and stiffness. These could make such brakes operate better.
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Key Takeaways from the Automotive Brake Shims Market Study:
- In the historical period from 2018 to 2022, the global automotive brake shims industry recorded a CAGR of 5.2%.
- The United States automotive brake shims industry is expected to reach a value of US$ 100.1 million by 2033.
- China automotive brake shims industry is anticipated to incline at a CAGR of 5.9% from 2023 to 2033.
- Germany automotive brake shims industry is expected to surpass a market value of US$ 26.3 million by 2033.
- The rubber segment by material is expected to dominate the automotive brake shims industry with a CAGR of 5.7% 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.
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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.
Automotive Brake Shims Market Outlook by Category
By Material:
- Rubber Material
- Pressure Sensitive Adhesive (PSA) Material
- Thermoset Material
- Others
By Application:
- Two Wheeler
- Passenger Vehicle
- Commercial Vehicle
By Sales Channels:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- Central Asia
- Russia & Belarus
- Balkan & Baltics
- South Asia Pacific
- Middle East and Africa
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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