The global automotive brake shims market size recorded sales of USD 315.2 million in 2018. The market experienced a 5.2% year-on-year growth in 2022. It is anticipated to achieve revenues of USD 349.0 million in 2023.
Over the assessment period from 2023 to 2033, the global market is projected to expand at a CAGR of 5.6%. It is expected to result in a market size of USD 604.5 million by the end of 2033.
Automotive brake shims are set to be vital components strategically placed between the brake pads and calipers in vehicles. Ability of these thin, insulating materials to minimize noise, vibrations, and harshness during braking maneuvers might push their demand.
Brake shims are projected to significantly contribute to enhanced vehicle comfort and passenger satisfaction. This is attributed to their ability to effectively dampen vibrations and absorb noise generated from the contact between the brake pad and caliper.
Rising production of electric vehicles (EVs) is significantly impacting the global automotive brake shims industry, with a strong focus on noise reduction and improved brake performance. The demand for specialized brake shims that dampen noise and vibrations in EVs is increasing. This is due to the replacement of traditional friction-based ones with regenerative braking systems.
Manufacturers are adapting their production to meet these requirements, driving innovation for higher durability and compatibility with regenerative setups. Growing aftermarket for electric vehicles necessitates replacement of brake shims, further fueling the market's evolution.
Shift toward electric vehicles is also projected to reshape the automotive brake shims industry. It is set to help in emphasizing their vital role in ensuring a smoother and quieter braking experience for EV drivers.
Using recycled rubber and bio-based composites as materials for brake shims might help to reduce waste and minimize the environmental impact of manufacturing. This is important as the automotive sector has a significant impact on the environment. Efforts to reduce waste and emissions are crucial for a sustainable future.
Use of sustainable materials can also enhance the performance of brake shims. Recycled rubber is often used as a reinforcement material in brake shims.
It can improve the shims' durability and resistance to wear & tear. Bio-based composites, on the other hand, can offer unique properties such as high strength and stiffness. These can improve the performance of such brakes.
With growing popularity of EVs, which have a different braking system than traditional vehicles, use of brake shims has become increasingly important. EVs rely on regenerative braking. It captures the energy that would otherwise be lost as heat and converts it into electricity to recharge batteries.
It can lead to uneven brake pad wear and a need for more precise brake alignment. As a result, demand for specialized brake shims that cater to unique braking characteristics of EVs might increase.
New shims are designed to provide the necessary support and alignment for brake pads and rotors. They further help in ensuring that the braking system functions properly and that the EV can stop safely & efficiently.
Latest Market Trends as Listed by Future Market Insights (FMI)
| Attribute | Key Insights |
|---|---|
| Automotive Brake Shims Market Estimated Size (2023E) | USD 349.0 million |
| Projected Market Valuation (2033E) | USD 604.5 million |
| Value-based CAGR (2023 to 2033) | 5.6% |
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In the historical period from 2018 to 2022, the global automotive brake shims market recorded a CAGR of 5.2%. It reached a market size of USD 349.0 million in 2023.
Brake shims made a massive difference in eliminating noise and giving a smoother & more comfortable ride. Brake noise can contribute to low customer satisfaction and hefty warranty costs.
The automotive sector hence placed a high priority on the development of brake systems that produce minimal noise. Increased vehicle use and soaring traffic might cause vehicles to generate more heat, which can harm brake shims and other braking components.
Replacement of brake components is likely to generate a surging demand for aftermarket items. This is anticipated to further boost automotive brake shim sales.
Looking ahead, the global automotive brake shims industry is expected to rise at a CAGR of 5.6% from 2023 to 2033. During the forecast period, market size is expected to reach USD 604.5 million.
Growing aftermarket for automotive brake shims is driven by several factors. One of the primary factors is increasing number of vehicles on the road.
As the global population grows, and the demand for transportation increases, number of vehicles on the road is also expected to rise. This, in turn, has led to an increasing number of accidents and the need for replacement & upgrades of brake systems.
Another factor driving growth in the market is increasing demand for better braking systems. With advancement of technology, automakers are now equipping their vehicles with unique braking systems that provide improved performance and safety. This has led to an increased demand for brake shims, as they are an essential component of the braking system.
The market for automotive brake shims is driven by increasing adoption of regenerative braking technologies. Regenerative braking is a system that converts kinetic energy of a vehicle into electrical energy. It can be stored in the battery for later use.
The system might help to reduce a vehicle's fuel consumption and emissions, making it more environmentally friendly. In addition, regenerative braking helps to lower wear & tear on brake pads and rotors, as the braking force is applied more gently. This could result in a longer lifespan for brake components, thereby lowering maintenance costs for vehicle owners.
Aftermarket for automobile brake shims is expanding due to several factors. Growing number of vehicles on the road is one of the main contributing reasons. Number of automobiles on the road is rising along with the global population and demand for transportation.
There are nowadays more accidents, necessitating the replacement and improvement of brake systems. Rising demand for more significant braking systems is another factor driving the market.
Automakers are increasingly fitting their vehicles with advanced braking systems that offer enhanced performance and safety due to technological advancements. As a result, demand for brake shims is increasing as they are an essential part.
Use of sustainable braking systems in commercial vehicles is becoming increasingly important as concerns about the environment grow. These systems are designed to reduce the amount of energy required to stop a vehicle. It can lead to lower fuel consumption and reduced emissions.
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Rising adoption of brake-by-wire technology in the automotive sector is reshaping braking systems by replacing conventional mechanical linkages with electronic systems. Brake-by-wire systems can provide precise braking control, faster response times, and potential weight savings. This is due to the elimination of mechanical components.
Automakers might embrace this technology for its potential benefits in EVs and autonomous driving systems. Hence, demand for traditional brake shims might face several challenges.
Economic uncertainties such as global recessions or fluctuations in consumer purchasing power can significantly influence the automotive sector’s dynamics. This might also include the demand for brake shims.
During periods of economic downturn, consumers often become more price-conscious, seeking cost-effective repair and maintenance options for their vehicles. As a result, they might defer non-essential brake system upgrades, opting for lower-cost alternatives, including budget-friendly brake shims.
The United States automotive brake shims market is expected to reach a value of USD 100.1 million by 2033, expanding at a CAGR of 5.7%. The market is set to experience a surging demand due to increasing requirements for noise reduction and improved braking performance.
Technology to lessen vibration, sound waves, and severity during braking is becoming more in demand as customers look for ease and security in automobiles. Brake shims are essential for improving the whole experience of driving. They might reduce the pain brought on by noise and vibrations associated with these brakes.
Manufacturers in the United States are also inventing and adjusting their brake shim manufacturing to meet the shifting needs brought on by EVs and changing preferences. These advancements could emphasize robustness, compatibility with regenerative brake systems, and improved noise & vibration reduction performance.
The automobile sector is working to embrace sustainable methods as environmental issues become more prominent. These trends are supported by bio-based composites and recycled rubber brake shims since they lessen waste and have a positive environmental impact. Usage of such materials might increase demand from customers who care about the environment.
In addition to making braking quieter and smoother, brake shims are essential for maintaining the correct alignment and operation of brake pads and discs. Demand for efficient brake shims might rise by the necessity of maintaining this alignment to guarantee excellent brake efficiency and general safety.
Germany automotive brake shims industry is expected to surpass a market value of USD 26.3 million, expanding at a CAGR of 3.8% during the forecast period. Increasing demand for sports vehicles in Germany is set to augment sales in both the OEM and aftermarket sectors.
Sports cars are known for their high-performance characteristics. As more individuals purchase them, the need for highly effective braking systems becomes essential. As per Germany Trade and Invest (GTAI), the country has around 25% of all passenger cars produced and about 20% of all new registrations in Europe. This makes Germany Europe's top automotive sector in terms of sales and production.
The country also has Europe's most prominent concentration of OEM factories. Germany currently has 44 OEM locations there. In the European Union (EU), the country’s OEM market share exceeded 55% in 2021.
China automotive brake shims market is anticipated to reach a value of USD 58.8 million, moving at a CAGR of 5.9% during the review period. The China market is experiencing significant growth due to rising demand from the automotive and manufacturing sectors.
The car sector in China has expanded quickly, making it the most significant in the world. Need for high-quality brake shims that improve passenger comfort, protection, and performance might rise due to increasing number of vehicles on the road.
Due to industrialization and population expansion, traffic congestion in China's urban centers has worsened. Wear and tear on brake systems is greater in stop-and-go traffic situations. In crowded city areas, brake shims might become essential for reducing noise and vibration, as well as in assuring a smoother braking experience.
Demand for more expensive cars with cutting-edge amenities is being driven by China's growing middle class. Brake shims are a sought-after component in contemporary vehicles since they contribute to improving the quality of one’s driving experience.
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The rubber material segment is expected to dominate the automotive brake shims industry with a CAGR of 5.7% from 2023 to 2033. It is projected to hold a share of around 66.5% in 2023.
Brake shims made of rubber are designed to dampen vibrations and reduce noise during braking. They might act as a cushion between the brake pad and caliper. At the same time, they might effectively minimize brake squeal and provide a smoother, quieter braking experience.
Rubber material also possesses excellent properties in applications with high insulation for vibration and noise. Hence, they might have the ability to retain integrity during high pressure and temperature. They can also prevent brake pistons from excessive heating, thereby increasing safety.
The passenger vehicles segment in terms of application is projected to generate around 73.7% of automotive brake shims market share in 2023. It is expected to showcase a CAGR of 5.6% in the assessment period.
Brake pad shims for passenger cars are typically made of a combination of fiber and rubber materials. These shims are specifically designed and engineered to meet original equipment (OE) standards. They might further work within the tolerances set by several vehicle manufacturers.
One of the main purposes of these shims is to maintain the original engineering ‘tune’ of vehicles. It is established during the vehicle's noise, vibration, and harshness (NVH) testing.
Goal of this testing is to ensure that brake noise emissions are kept within a range that falls outside the range of human hearing. In other words, the aim is to minimize brake noise so that it is not audible inside the cabin of vehicles.
Several companies are focusing on launching innovative and technologically advanced solutions in the automotive brake shims field in order to increase efficiency. Prominent players are aiming to engage in acquisition strategies. They are also involved in the production of unique and integrated IoT solutions to meet end-user requirements.
Companies are further focusing on new technology development, especially in developing countries owing to rising demand for automotive brake shims. Manufacturing companies are further focusing on new product launches to gain a competitive edge.
For instance,
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 349.0 million |
| Projected Market Valuation (2033) | USD 604.5 million |
| Value-based CAGR (2023 to 2033) | 5.6% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD million) |
| Segments Covered | Material, Application, Sales Channels, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; East Asia; Central Asia; Russia & Belarus; Balkan & Baltics; South Asia Pacific; Middle East and Africa |
| Key Companies Profiled | Robert Bosch GmbH; ZF Friedrichshafen AG; Valeo S.A; Delphi Automotive PLC; Nisshinbo Holdings Inc.; Brembo S.p.A.; Akebono Brake Industry Co., Ltd.; EBC Brakes; DSS Brakes; Miba AG |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The global market is expected to hit a value of USD 604.5 million by 2033.
The global market is set to expand at 5.6% CAGR from 2023 to 2033.
The global market expanded at a CAGR of 5.2% from 2018 to 2022.
The United States is anticipated to reach a valuation of USD 100.1 million by 2033.
Passenger vehicles segment is projected to witness 5.6% CAGR through 2033.
China market is estimated to witness a 5.9% CAGR from 2023 to 2033.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in USD million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 9.1. Rubber Material 9.2. Pressure Sensitive Adhesive (PSA) Material 9.3. Thermoset Material 9.4. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 10.1. Two Wheeler 10.2. Passenger Vehicle 10.3. Commercial Vehicle 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 11.1. OEM 11.2. Aftermarket 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. North America 12.2. Latin America 12.3. Western Europe 12.4. Eastern Europe 12.5. Central Asia 12.6. Russia & Belarus 12.7. Balkan & Baltic Countries 12.8. Middle East and Africa 12.9. East Asia 12.10. South Asia and Pacific 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Central Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Russia & Belarus Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Balkan & Baltic Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 22. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 23. Country-wise Market Analysis 24. Market Structure Analysis 25. Competition Analysis 25.1. Robert Bosch GmbH 25.2. ZF Friedrichshafen AG 25.3. Valeo S.A 25.4. Delphi Automotive PLC 25.5. Federal-Mogul Co. 25.6. Nisshinbo Holdings Inc. 25.7. Brembo S.p.A. 25.8. Akebono Brake Industry Co., Ltd. 25.9. EBC Brakes 25.10. DSS Brakes 25.11. Miba AG 25.12. Sangsin Brake 25.13. Wolverine Korea 25.14. Trelleborg Group 25.15. Avery Dennison Corporation 25.16. Meneta 25.18. Nissin Kogyo Co. Ltd. 26. Assumptions and Acronyms Used 27. Research Methodology
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Automotive Brake Shims Market
