Automotive Brake Linings Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2024 January 30
SKU : AUTR3307
180 pages
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What is the growth of the automotive brake linings market?
The global automotive brake linings market is expected to grow at a CAGR of 9% during 2022-2029.
Which region dominates the automotive brake linings market?
The Asia Pacific region currently dominates the market due to its booming automotive industry, particularly in countries like China and India. The rising vehicle demand and increasing disposable income in the region are driving significant market growth.
Who are the top players in the automotive brake linings market?
Industrial Brake & Supply, Akebono, Cook Bonding & Manufacturing Co. Inc., ProTec Friction Group, and Accurate Specialties are some of the major players in the market. These companies are adopting various strategies like product launches, acquisitions, and collaborations to maintain their competitive edge and cater to the evolving market demands.
How will the shift towards electric vehicles impact the brake linings market?
EVs use regenerative braking, reducing wear on traditional linings. However, they still require high-performance friction materials for occasional braking and emergency stops. This could lead to demand for specialized EV-compatible brake linings.