Automotive Brake Linings
A brake lining is friction material attached to the face of a brake shoe, to cause frictional force when the brake shoe makes contact with the brake drum. The brake lining has a predetermined thickness which wears away over time through braking of a vehicle.
Market trend Snapshot
Global Automotive Brake Linings market was valued at XXXX USD in 2019 and expected to reach XXXX USD by 2026, growing at a CAGR of XXXX%. This report provides comprehensive and in-depth analysis and prediction of the Automotive Brake Linings industry. The market growth is mainly attributed to stringent safety norms, the increasing demand for environment-friendly & lightweight braking materials and the increasing automobile production & sales. Furthermore, the advent of products with long replacement cycles and increased miles traveling capabilities are also anticipated to help the Automotive Brake Lining market to grow during the forecast period.
From Base year 2018 to forecast year 2026
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Key Market Players Profile
Key market players covered in the report such as EBC, Brake Parts Inc. LLC, Sangsin, Nisshinbo, Meritor, Macas Automotive, MAT Holdings, Bendix, and Marathon Brake. These players’ market share, revenue, company profile, and SWOT analysis are covered in the Automotive Brake Linings report. In the future, production and consumption are estimated to continue developing with a stable growth rate. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
Asia Pacific holds the largest Automotive Brake Lining market share
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
The Asia Pacific occupied the largest market share and expected to maintain dominance during the forecast period. This trend is primely owing to tolerant safety, stringent emission norms, low production cost, government schemes to increase foreign direct investment, and availability of inexpensive labor. Europe is expected to witness significant growth during the predicted years owing to the increasing production of automobiles and stringent stopping regulations.
Automotive Brake Linings Type and Application Sketch
By type
By application
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