Automotive Brake Linings Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186303
  • Format: Electronic (PDF)
  • Number of Pages: 212
  • Author(s): Joshi, Madhavi

Report Overview

The Automotive Brake Linings Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 14.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.90% during the forecast period (2024-2030).

Automotive Brake Linings Market

(Market Size)
$8.5 billion
$14.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.90%
2023 Market Size USD 8.5 billion
2030 Market Size USD 14.5 billion
Key Players Brembo, Aisin, Akebono, Mando, EBC Brakes

Market Summary

The automotive brake linings market is an integral segment within the broader automotive and transportation industry, primarily focused on the manufacturing and distribution of friction materials used in braking systems. These components are essential for vehicle safety, providing the necessary friction to decelerate or stop moving vehicles. The market is characterized by a consistent demand driven by the global vehicle parc, including both passenger cars and commercial vehicles. Technological advancements are continually shaping product development, with a growing emphasis on materials that offer enhanced performance, durability, and environmental compatibility. The industry operates within a stringent regulatory framework that mandates safety and environmental standards, influencing material composition and manufacturing processes. Key market dynamics include the steady replacement demand from the automotive aftermarket and the integration of new materials to meet evolving performance criteria. The competitive landscape is defined by the presence of established global players and specialized manufacturers, all striving to innovate and capture market share through superior product offerings and strategic expansions.

Key Highlights

The automotive brake linings market is distinguished by several critical factors that underscore its importance and trajectory. A primary highlight is the relentless pursuit of innovation in friction material technology, with manufacturers investing heavily in research and development to create linings that offer superior stopping power, reduced noise, and longer service life. The shift towards environmentally sustainable products is another significant trend, with the development of asbestos-free and low-copper formulations gaining prominence due to regulatory pressures and growing environmental awareness. The market is also witnessing increased adoption of advanced composite materials and ceramics, which provide excellent thermal stability and consistent performance under diverse driving conditions. Furthermore, the expansion of the automotive aftermarket sector represents a substantial opportunity, as the need for replacement brake linings remains perpetual due to wear and tear. The integration of electronic braking systems and the advent of electric vehicles are introducing new design challenges and requirements, prompting manufacturers to adapt their product portfolios to cater to these evolving automotive technologies.

Drivers, Opportunities & Restraints

The growth of the automotive brake linings market is propelled by several key drivers, including the increasing global vehicle production and sales, particularly in emerging economies. The rising awareness of vehicle safety among consumers and stringent government regulations mandating advanced braking systems are further accelerating market demand. The expansion of the automotive aftermarket, driven by the growing vehicle parc and the periodic need for brake maintenance, provides a steady stream of revenue for market participants. Significant opportunities lie in the development of innovative, high-performance materials that cater to the specific requirements of electric and autonomous vehicles, which often have unique braking characteristics due to regenerative braking systems. The growing emphasis on lightweight and durable components to improve fuel efficiency also presents a fertile ground for innovation. However, the market faces certain restraints, such as the volatility in raw material prices, which can impact manufacturing costs and profit margins. Additionally, the increasing popularity of electric vehicles, which generally experience less brake wear due to regenerative braking, could potentially dampen the long-term replacement demand in the aftermarket. Environmental regulations concerning the use of certain materials, like copper and other heavy metals, also pose challenges, requiring continuous investment in compliant material technologies.

Concentration Insights

The competitive concentration within the automotive brake linings market reveals a landscape populated by a mix of large multinational corporations and specialized regional players. Leading companies such as Robert Bosch, Aisin Seiki, and Tenneco hold significant market shares, leveraging their extensive research capabilities, robust distribution networks, and strong brand recognition to maintain a competitive edge. These industry giants often engage in strategic activities like mergers, acquisitions, and partnerships to expand their geographic footprint and enhance their technological portfolios. Alongside these global players, numerous smaller and medium-sized enterprises operate in niche segments, focusing on specific vehicle types or regional markets. These companies compete primarily on factors such as product quality, price, and customer service. The market concentration is also influenced by high barriers to entry, including the need for substantial capital investment in research and production facilities, as well as the necessity to comply with rigorous international quality and safety standards. This structure fosters an environment where innovation and operational efficiency are paramount for sustaining market position.

Type Insights

Automotive brake linings are categorized based on the materials used in their construction, each offering distinct performance characteristics. The primary types include non-asbestos organic (NAO), low-metallic NAO, semi-metallic, and ceramic formulations. Non-asbestos organic linings, developed as a safer alternative to asbestos, are composed of materials like glass, rubber, and carbon compounds. They are known for providing quiet operation and are commonly used in everyday passenger vehicles. Low-metallic NAO linings incorporate a small amount of copper or steel fibers to improve thermal conductivity and fade resistance, making them suitable for more demanding driving conditions. Semi-metallic linings contain a higher proportion of metal fibers, typically between 30% to 65%, which grants them excellent heat dissipation and durability, ideal for high-performance applications and heavy-duty vehicles. Ceramic brake linings represent the premium segment, manufactured from ceramic compounds and copper fibers. They are highly regarded for their superior performance, including consistent braking at high temperatures, minimal dust generation, and extended lifespan, though they come at a higher cost. The choice of lining type is dictated by vehicle application, performance requirements, and cost considerations.

Application Insights

The application of automotive brake linings is broadly segmented into two main categories: original equipment manufacturer (OEM) and aftermarket. The OEM segment involves the supply of brake linings directly to vehicle manufacturers for installation in new vehicles. This channel demands products that meet precise specifications and rigorous quality standards set by automakers, with a strong focus on integration with advanced braking systems and overall vehicle performance. The aftermarket segment, on the other hand, caters to the replacement needs of vehicle owners once the original linings wear out. This is a vast and dynamic market, driven by the global vehicle population and the inevitable need for maintenance and repair. Within these segments, brake linings are further specified for different vehicle types, including passenger cars, light commercial vehicles, and heavy commercial vehicles. Each vehicle category imposes unique demands on brake linings; for instance, heavy commercial vehicles require linings with exceptional durability and heat resistance to handle larger loads and longer braking distances, while passenger cars often prioritize comfort factors like low noise and minimal dust.

Regional Insights

The demand for automotive brake linings exhibits distinct regional patterns influenced by factors such as automotive production rates, vehicle ownership levels, regulatory environments, and economic development. The Asia-Pacific region stands as the largest and fastest-growing market, fueled by massive automotive production hubs in China, India, Japan, and South Korea. The region's expanding middle class, increasing disposable incomes, and growing vehicle parc contribute significantly to both OEM and aftermarket demand. North America and Europe represent mature markets characterized by high vehicle ownership and stringent safety and environmental regulations. These regions exhibit a strong aftermarket due to a aged vehicle population and a culture of preventive maintenance. Technological adoption is high here, with a pronounced shift towards advanced materials like ceramics. Emerging economies in Latin America and the Middle East & Africa are anticipated to show gradual growth, driven by increasing industrialization, urbanization, and infrastructural development which boost commercial vehicle sales. However, market maturity and economic stability vary greatly within these regions, influencing the pace of growth.

Company Insights

The automotive brake linings market features a competitive roster of companies striving for leadership through innovation and strategic expansion. Prominent players include Robert Bosch GmbH, a German multinational renowned for its comprehensive automotive components and aftermarket parts. Aisin Seiki Co., Ltd., a Japanese corporation, is another key contender, specializing in automotive systems including brakes. Tenneco Inc., through its DRiV division, is a major global supplier of ride performance and clean air products, including a wide range of brake components. Akebono Brake Industry Co., Ltd., a Japanese company with a strong technical heritage, is recognized for its advanced brake technology and OEM partnerships. Federal-Mogul LLC, now part of Tenneco, was historically a significant player with its well-known brake brands. These established entities compete with other specialized manufacturers and regional suppliers by focusing on research and development to create products that offer improved safety, comfort, and environmental compliance. Their strategies often encompass global supply chain optimization, strategic acquisitions, and strengthening their presence in high-growth markets to solidify their industry positions.

Recent Developments

The automotive brake linings market is continuously evolving, with recent developments centered on technological innovation, sustainability, and strategic corporate movements. A significant trend is the intensified research into eco-friendly friction materials that reduce or eliminate copper and other heavy metals to comply with upcoming regulations in North America and Europe. Manufacturers are increasingly launching new product lines featuring advanced ceramic and non-asbestos organic compounds that promise longer life and better performance. There has been a notable push towards enhancing manufacturing processes through automation and Industry 4.0 technologies to improve precision, reduce waste, and increase production efficiency. On the corporate front, market players have been engaging in mergers, acquisitions, and partnerships to broaden their technological expertise and geographic reach. For instance, several leading companies have acquired smaller firms specializing in specific material sciences or those with a stronghold in emerging markets. Furthermore, the rise of electric vehicles has prompted brake lining manufacturers to develop specialized products compatible with regenerative braking systems, which experience different wear patterns compared to conventional brakes.

Report Segmentation

This comprehensive market research report on the automotive brake linings industry is meticulously segmented to provide a detailed and granular analysis. The segmentation is designed to cater to the specific informational needs of industry stakeholders, including manufacturers, suppliers, investors, and strategists. The report is first divided by type, analyzing the market for non-asbestos organic, low-metallic, semi-metallic, and ceramic brake linings, detailing the adoption trends and growth prospects for each material category. It is further segmented by application, providing insights into the demand dynamics within the OEM sector and the aftermarket replacement sector. Each application segment is explored in the context of different vehicle types, namely passenger cars, light commercial vehicles, and heavy commercial vehicles. Geographically, the report offers a thorough regional analysis, covering key markets such as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. This multi-dimensional segmentation allows for a precise understanding of market size, growth patterns, competitive landscape, and future opportunities within each distinct segment of the global automotive brake linings market.

FAQs

What are automotive brake linings made of? Automotive brake linings are composed of various friction materials. Historically, asbestos was common but has been phased out due to health risks. Modern linings are typically made from non-asbestos organic materials, semi-metallic compounds, or ceramic formulations. These materials are chosen for their ability to provide reliable friction, heat resistance, and durability.

How long do brake linings typically last? The lifespan of brake linings is not fixed and varies considerably based on driving habits, vehicle type, and the quality of the lining material. Aggressive city driving with frequent stopping can cause faster wear compared to highway driving. Most manufacturers recommend inspection during routine maintenance, but replacement is often needed between 30,000 to 70,000 kilometers.

What is the difference between brake pads and brake linings? The terms are sometimes used interchangeably, but there is a technical distinction. Brake linings refer specifically to the friction material itself?the part that contacts the brake drum or disc to create stopping force. A brake pad is the entire assembly that holds the brake lining and is used in disc brake systems. In drum brakes, the friction material is often called a brake shoe lining.

Who are the leading players in the brake linings market? The market is served by several established global companies. Key players include Robert Bosch, Aisin Seiki, Tenneco, and Akebono Brake Industry. These companies are recognized for their extensive product portfolios, significant research and development capabilities, and strong relationships with automotive manufacturers worldwide.

What are ceramic brake linings? Ceramic brake linings are a premium type of friction material made from ceramic compounds and embedded copper fibers. They are known for offering superior performance characteristics, including consistent braking at high temperatures, very low dust generation, quiet operation, and an extended service life compared to other lining types. They are often found in high-performance and luxury vehicles.

Why is there a push for copper-free brake linings? The initiative towards copper-free brake linings is primarily driven by environmental legislation. Studies have shown that copper particles worn off from brake linings can be harmful to aquatic ecosystems. Regulations, particularly in states like Washington and California, are mandating the reduction and eventual elimination of copper and other specific heavy metals in brake friction materials to protect the environment.

Citius Research has developed a research report titled “Automotive Brake Linings Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Automotive Brake Linings Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Automotive Brake Linings Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Automotive Brake Linings Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Automotive Brake Linings Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Automotive Brake Linings Market
• Research Methodology
• Executive Summary
• Market Dynamics of Automotive Brake Linings Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Automotive Brake Linings Market
• Cost and Gross Margin Analysis of Automotive Brake Linings Market
• Automotive Brake Linings Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Automotive Brake Linings Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Automotive Brake Linings Market Key Stakeholders

Below are the key stakeholders for the Automotive Brake Linings Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Automotive Brake Linings Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Automotive Brake Linings Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Automotive Brake Linings Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Automotive Brake Linings Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Automotive Brake Linings Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Automotive Brake Linings Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Automotive Brake Linings Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Automotive Brake Linings Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Automotive Brake Linings Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Automotive Brake Linings Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Automotive Brake Linings Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Automotive Brake Linings Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Automotive Brake Linings Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Automotive Brake Linings Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Automotive Brake Linings Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Automotive Brake Linings Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Automotive Brake Linings Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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