Market Overview:
The global brake lining market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The brake lining market is segmented on the basis of type, application and region. On the basis of type, the brake lining market is segmented into asbestos type, semimetal type and NAO type. The asbestos type segment dominates the global brake lining market in terms of revenue share in 2017 and is projected to maintain its dominance during the forecast period as well. On account of stringent regulations against use of asbestos across various countries, this segment is expected to witness a decline in its growth rate during the forecast period.
Product Definition:
A brake lining is a material, typically made of asbestos or other fibrous materials, that is applied to the surface of a brake shoe to improve its stopping power.
Asbestos Type:
Asbestos is a group of six minerals, four of which are naturally occurring and two man-made. Asbestos fibers are thin, flexible, hollow tubes formed from the rock. They can be heat molded and cut to length for use in various applications including brake linings.
Semimetal Type:
Semimetal is a high-performance material that combines the properties of both metals and ceramics. It has superior electrical, thermal and mechanical properties which make it suitable for use in friction materials, wear plates and brake linings.
Application Insights:
The commercial vehicle segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing demand for brake lining products in heavy-duty vehicles, such as trucks, buses and coaches. In addition, stringent government regulations regarding passenger safety on account of airbags deployment is expected to drive product demand over the forecast period.
Passenger vehicle application is estimated to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to rising consumer preference for high-performance brake linings that provide enhanced performance and increased safety features in cars and light commercial vehicles (LCVs). Furthermore, growing sales volume of luxury cars are anticipated fuel market expansion over the coming years as these vehicles generally come equipped with standard equipment including anti-lock brakes (ABS), electronic stability control (ESC) and tire pressure monitoring system (TPMS).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of major automotive manufacturers, coupled with growing demand for braking systems in commercial vehicles and passenger cars, is projected to drive growth. In addition, increasing use of heavy vehicles including buses and trucks on account of rapid urbanization in developing countries such as India and China are anticipated to further propel product demand.
North America accounted for a significant share owing to rising emphasis on fuel economy by regulatory agencies such as EPA (U.S.) and CAFE (Canada). This has resulted into increased adoption of lightweight materials that reduce weight while offering improved performance under high temperature conditions thus reducing overall vehicle weight which subsequently drives product demand over the forecast period.
Growth Factors:
- Increasing demand for brake lining from the automotive industry as a result of increasing production and sales of automobiles.
- Growing awareness about the benefits of using brake lining in vehicles, which is expected to boost its demand over the forecast period.
- Rising investments by key players in research and development activities to develop new and innovative products that can cater to the needs of consumers is likely to propel market growth over the next few years.
- The increasing trend of retrofitting vehicles with advanced braking systems is projected to create lucrative opportunities for market players in the near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Brake Lining Market Research Report
By Type
Asbestos Type, Semimetal Type, NAO Type
By Application
Commercial Vehicle, Passenger Vehicle
By Companies
Nisshinbo, Bendix, Sangsin, Marathon Brake, Fras-le, ICER, Meritor, Fuji Brake, Federal-Mogul, MASU, Nisshinbo, Klasik, Boyun, Gold Phoenix, Xingyue, Xinyi, Foryou, Feilong, Shenli, Zhongcheng, Assured, Humeng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Brake Lining Market Report Segments:
The global Brake Lining market is segmented on the basis of:
Types
Asbestos Type, Semimetal Type, NAO Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicle, Passenger Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nisshinbo
- Bendix
- Sangsin
- Marathon Brake
- Fras-le
- ICER
- Meritor
- Fuji Brake
- Federal-Mogul
- MASU
- Nisshinbo
- Klasik
- Boyun
- Gold Phoenix
- Xingyue
- Xinyi
- Foryou
- Feilong
- Shenli
- Zhongcheng
- Assured
- Humeng
Highlights of The Brake Lining Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Asbestos Type
- Semimetal Type
- NAO Type
- By Application:
- Commercial Vehicle
- Passenger Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Brake Lining Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Brake lining is a material that is placed between the brake pads and the rotor to reduce friction.
Some of the major companies in the brake lining market are Nisshinbo, Bendix, Sangsin, Marathon Brake, Fras-le, ICER, Meritor, Fuji Brake, Federal-Mogul, MASU, Nisshinbo, Klasik, Boyun, Gold Phoenix, Xingyue, Xinyi, Foryou, Feilong, Shenli, Zhongcheng, Assured, Humeng.
The brake lining market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Brake Lining Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Brake Lining Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Brake Lining Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Brake Lining Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Brake Lining Market Size & Forecast, 2018-2028
4.5.1 Brake Lining Market Size and Y-o-Y Growth
4.5.2 Brake Lining Market Absolute $ Opportunity
Chapter 5 Global Brake Lining Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Brake Lining Market Size Forecast by Type
5.2.1 Asbestos Type
5.2.2 Semimetal Type
5.2.3 NAO Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Brake Lining Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Brake Lining Market Size Forecast by Applications
6.2.1 Commercial Vehicle
6.2.2 Passenger Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Brake Lining Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Brake Lining Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Brake Lining Analysis and Forecast
9.1 Introduction
9.2 North America Brake Lining Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Brake Lining Market Size Forecast by Type
9.6.1 Asbestos Type
9.6.2 Semimetal Type
9.6.3 NAO Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Brake Lining Market Size Forecast by Applications
9.10.1 Commercial Vehicle
9.10.2 Passenger Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Brake Lining Analysis and Forecast
10.1 Introduction
10.2 Europe Brake Lining Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Brake Lining Market Size Forecast by Type
10.6.1 Asbestos Type
10.6.2 Semimetal Type
10.6.3 NAO Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Brake Lining Market Size Forecast by Applications
10.10.1 Commercial Vehicle
10.10.2 Passenger Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Brake Lining Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Brake Lining Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Brake Lining Market Size Forecast by Type
11.6.1 Asbestos Type
11.6.2 Semimetal Type
11.6.3 NAO Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Brake Lining Market Size Forecast by Applications
11.10.1 Commercial Vehicle
11.10.2 Passenger Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Brake Lining Analysis and Forecast
12.1 Introduction
12.2 Latin America Brake Lining Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Brake Lining Market Size Forecast by Type
12.6.1 Asbestos Type
12.6.2 Semimetal Type
12.6.3 NAO Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Brake Lining Market Size Forecast by Applications
12.10.1 Commercial Vehicle
12.10.2 Passenger Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Brake Lining Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Brake Lining Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Brake Lining Market Size Forecast by Type
13.6.1 Asbestos Type
13.6.2 Semimetal Type
13.6.3 NAO Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Brake Lining Market Size Forecast by Applications
13.10.1 Commercial Vehicle
13.10.2 Passenger Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Brake Lining Market: Competitive Dashboard
14.2 Global Brake Lining Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nisshinbo
14.3.2 Bendix
14.3.3 Sangsin
14.3.4 Marathon Brake
14.3.5 Fras-le
14.3.6 ICER
14.3.7 Meritor
14.3.8 Fuji Brake
14.3.9 Federal-Mogul
14.3.10 MASU
14.3.11 Nisshinbo
14.3.12 Klasik
14.3.13 Boyun
14.3.14 Gold Phoenix
14.3.15 Xingyue
14.3.16 Xinyi
14.3.17 Foryou
14.3.18 Feilong
14.3.19 Shenli
14.3.20 Zhongcheng
14.3.21 Assured
14.3.22 Humeng
