Europe Automotive Brake Shims Market Forecast to 2028

Europe Automotive Brake Shims Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type (Rubber Coated, PSA Material, Thermoset Material, and Others) and Application (Two Wheeler, Passenger Vehicle, and Commercial Vehicle)

Report Code : BMIRE00025283 | Region : Europe | Industry : Automotive and Transportation | Published Date : 11/Jul/2022

The automotive brake shims market in Europe is expected to grow from US$ 138.24 million in 2021 to US$ 183.33 million by 2028. It is estimated to grow at a CAGR of 4.1% from 2021 to 2028.

The rising passenger and commercial vehicle sales are fostering the automotive brake shims market growth. As the demand for vehicles increases, the interest of regulatory bodies in rolling out necessary regulatory mandates for ensuring vehicle safety is also rising. Moreover, fatalities caused due to vehicle accidents are encouraging government bodies to introduce new norms for vehicles and road safety. As a poor braking system is one of the key causes of road accidents, establishing proper norms for using friction materials and braking systems is necessary. Since November 2016, the replacement of brake discs on newly registered vehicles should comply with the ECE R90 (i.e., ECE Regulation 90 or Economic Commission for Europe Regulation 90) quality standard. This quality standard is implemented across the European Union and in non-European countries. Since November 1, 2016, all passenger cars of every model have ECE R90 brake discs and drums. Companies such as MEYLE provides brake discs that already comply with the new standard. Similarly, ZF Aftermarket is also producing with new ECE R90.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe automotive brake shims market at a substantial CAGR during the forecast period.

Europe Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

Europe Automotive Brake Shims Market Segmentation

The Europe automotive brake shims market is segmented on the basis of material, application, and country. Based on material, the market is segmented into rubber coated, PSA material, thermoset material, and others. In 2020, the others segment held a larger the largest share of the market,; and it is also expected to register a higher the highest CAGR during the forecast period. Based on application, the Europe automotive brake shims market is segmented into two wheeler, passenger vehicle, and commercial vehicle. In 2020, the passenger vehicle segment held the largest market share of the market in this region; and it is also expected to register the highest CAGR in the market during the forecast period. Based on country, the Europe automotive brake shims market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. In 2020, Germany held the largest market share; and France is expected to grow at the fastest CAGR during the forecast period.

Avery Dennison Corporation, Brembo S.p.A., BOSCH Auto Parts, Trelleborg Group, Meneta, Super Circle, NUCAP, Delphi Technologies Plc., and TEXTAR Brake Technology are among the leading companies in the Europe automotive brake shims market.

Passenger Vehicle segment to dominate the Europe Automotive Brake Shims Market during 2020–2028

According to a new market research study on “Europe Automotive Brake Shims Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material and Application ” the market is expected to reach US$ 183.33 million by 2028 from US$ 138.24 million in 2021. The market is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report provides trends prevailing in the Europe automotive brake shims market along with the drivers and restraints pertaining to the market growth. Elevating norms for reducing fatalities caused by vehicle accidents, surging production of automotive vehicles, and growing adoption of electric vehicles are the major factor driving the growth of the Europe automotive brake shims market . However, restricted copper in brake pad development hinders the growth of Europe automotive brake shims market .

The Europe automotive brake shims market is segmented on the basis of material, application, and country. Based on material, the market is segmented into rubber coated, PSA material, thermoset material, and others. In 2020, the others segment held a larger share of the market; and it is also expected to register a higher CAGR during the forecast period. Based on application, the Europe automotive brake shims market is segmented into two wheeler, passenger vehicle, and commercial vehicle. In 2020, the passenger vehicle segment held the largest market share; and it is also expected to register the highest CAGR in the market during the forecast period. Based on country, the Europe automotive brake shims market is segmented into Germany, France, Italy, the UK, Russia, and Rest of Europe. In 2020, Germany held the largest market share; and France is expected to grow at the fastest CAGR during the forecast period.

Avery Dennison Corporation, Brembo S.p.A., BOSCH Auto Parts, Trelleborg Group, Meneta, Super Circle, NUCAP, Delphi Technologies Plc., and TEXTAR Brake Technology are among some of the leading companies in the Europe automotive brake shims market. For instance, Bosch is acquiring Unipart Group's Automotive Aftermarket workshop programmes in the UK. This acquisition will increase the network of partner garages.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Automotive Brake Shims Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Europe Automotive Brake Shims Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Surging Production of Automotive Vehicles

5.1.2 Elevating Norms for Reducing Fatalities Caused by Vehicle Accidents

5.2 Market Restraints

5.2.1 Restricting Copper in Brake Pad Development

5.3 Market Opportunities

5.3.1 Growing Adoption of Electric Vehicles

5.4 Future Trends

5.4.1 Progress in Automotive Brake Technology

5.5 Impact Analysis of Drivers and Restraints

6. Europe Automotive Brake Shims Market Analysis

6.1 Europe Automotive Brake Shims Market Overview

6.2 Europe Automotive Brake Shims Market Forecast and Analysis

7. Europe Automotive Brake Shims Market Analysis – By Material Type

7.1 Overview

7.2 Europe Automotive Brake Shims Market Breakdown, By Material Type, 2020 and 2028

7.3 Rubber Coated

7.3.1 Overview

7.3.2 Rubber Coated: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

7.4 PSA Material

7.4.1 Overview

7.4.2 PSA Material: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

7.5 Thermoset Material

7.5.1 Overview

7.5.2 Thermoset Material: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

8. Europe Automotive Brake Shims Market Analysis – By Application

8.1 Overview

8.2 Europe Automotive Brake Shims Market Breakdown, By Application, 2020 and 2028

8.3 Two Wheeler

8.3.1 Overview

8.3.2 Two Wheeler: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

8.4 Passenger Vehicle

8.4.1 Overview

8.4.2 Passenger Vehicle: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

8.5 Commercial Vehicle

8.5.1 Overview

8.5.2 Commercial Vehicle: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

9. Europe Automotive Brake Shims Market – Country Analysis

9.1 Overview

9.1.1 Europe Automotive Brake Shims Market Breakdown, by Country

9.1.1.1 Germany Automotive Brake Shims Market, Revenue and Forecast to 2028

9.1.1.1.1 Germany Automotive Brake Shims Market Breakdown, By Material Type

9.1.1.1.2 Germany Automotive Brake Shims Market Breakdown, By Application

9.1.1.2 France Automotive Brake Shims Market, Revenue and Forecast to 2028

9.1.1.2.1 France Automotive Brake Shims Market Breakdown, By Material Type

9.1.1.2.2 France Automotive Brake Shims Market Breakdown, By Application

9.1.1.3 Italy Automotive Brake Shims Market, Revenue and Forecast to 2028

9.1.1.3.1 Italy Automotive Brake Shims Market Breakdown, By Material Type

9.1.1.3.2 Italy Automotive Brake Shims Market Breakdown, By Application

9.1.1.4 UK Automotive Brake Shims Market, Revenue and Forecast to 2028

9.1.1.4.1 UK Automotive Brake Shims Market Breakdown, By Material Type

9.1.1.4.2 UK Automotive Brake Shims Market Breakdown, By Application

9.1.1.5 Russia Automotive Brake Shims Market, Revenue and Forecast to 2028

9.1.1.5.1 Russia Automotive Brake Shims Market Breakdown, By Material Type

9.1.1.5.2 Russia Automotive Brake Shims Market Breakdown, By Application

9.1.1.6 Rest of Europe Automotive Brake Shims Market, Revenue and Forecast to 2028

9.1.1.6.1 Rest of Europe Automotive Brake Shims Market Breakdown, By Material Type

9.1.1.6.2 Rest of Europe Automotive Brake Shims Market Breakdown, By Application

10. Industry Landscape

10.1 Market Initiative

10.2 Merger and Acquisition

10.3 New Development

11. Company Profiles

11.1 Avery Dennison Corporation

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Brembo S.p.A.

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 BOSCH Auto Parts

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Trelleborg Group

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Meneta

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Super Circle

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 NUCAP

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Delphi Technologies Plc.

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 TEXTAR Brake Technology

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1.             Europe Automotive Brake Shims Market Revenue and Forecasts to 2028 (US$ Million)

Table 2.             Europe Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 3.             Germany Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 4.             Germany Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 5.             France Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 6.             France Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 7.             Italy Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 8.             Italy Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 9.             UK Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 10.          UK Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 11.          Russia Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 12.          Russia Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 13.          Rest of Europe Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Material Type (US$ million)

Table 14.          Rest of Europe Automotive Brake Shims Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 15.          Glossary of Term: Europe Automotive Brake Shims Market

LIST OF FIGURES.

Figure 1.           Europe Automotive Brake Shims Market Segmentation

Figure 2.           Europe Automotive Brake Shims Market Segmentation – By Country

Figure 3.           Europe Automotive Brake Shims Market Overview

Figure 4.           Others Segment Held the Largest Market Share in 2020 – by Material Type

Figure 5.           Germany was the Largest Revenue Contributor in 2020 – by Country

Figure 6.           Europe PEST - Analysis

Figure 7.           Europe Automotive Brake Shims Market– Ecosystem Analysis

Figure 8.           Expert Opinions

Figure 9.           Europe Automotive Brake Shims Market: Impact Analysis of Drivers and Restraints

Figure 10.        Europe Automotive Brake Shims Market Forecast and Analysis to 2028, US$ Million

Figure 11.        Europe Automotive Brake Shims Market Revenue Share, By Material Type (2020 and 2028)

Figure 12.        Rubber Coated: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        PSA Material: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Thermoset Material: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Others: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Europe Automotive Brake Shims Market Revenue Share, By Application (2020 and 2028)

Figure 17.        Two Wheeler: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Passenger Vehicle: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Commercial Vehicle: Automotive Brake Shims Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Geographic Overview of Automotive Brake Shims Market

Figure 21.        Europe Automotive Brake Shims Market Breakdown, by Country, 2020 & 2028(%)

Figure 22.        Germany Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)

Figure 23.        France Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)

Figure 24.        Italy Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)

Figure 25.        UK Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)

Figure 26.        Russia Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)

Figure 27.        Rest of Europe Automotive Brake Shims Market, Revenue and Forecast to 2028 (US$ million)

The List of Companies - Europe Automotive Brake Shims Market

● Avery Dennison Corporation

● Brembo S.p.A.

● BOSCH Auto Parts

● Trelleborg Group

● Meneta                                                  

● Super Circle                                           

● NUCAP                                                    

● Delphi Technologies Plc.

● TEXTAR Brake Technology

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe automotive brake shims market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the Europe automotive brake shims market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the automotive brake shims market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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