Rubber Coated Brake Shims Market by Vehicle Type (Passenger Cars, Commercial Vehicles) by Distribution Channel (Online/e-Commerce, Offline/Retail Stores) by Sales Channel (Original Equipment Manufacturers, After Market): Growth, Future Prospects, and Competitive Analysis, 2015 - 2027
Brake shims are primarily used in vehicles to reduce noise and vibration. Rubber-coated brake shims are thin rubber adhesive pads that fit between the brake pad and the brake caliper to correct variations that cause noise. A rubber-coated brake pad shim is installed between the brake caliper piston and the brake pad backing plate on the inboard side. Similarly, a rubber-coated brake pad shim is installed between the outer caliper fingers and the brake pad backing plate at the outboard. The rubber-coated brake shim is made of a noise-canceling material that reduces vibration transmission to the caliper.
Demand for improved vehicle performance and control increased adoption of noiseless disc brakes, and increased vehicle production are some key factors driving the global rubber-coated brake shim market. Furthermore, the high installation and maintenance costs of automotive disc brake systems have hindered the growth of the rubber-coated brake shim market, particularly in developing countries with limited spending power. As a result, the overall market size of rubber-coated brake shim is projected to rise from US$ 62.0 million in 2020 to US$ 91.39 million by 2027.
Interesting Facts of Rubber Coated Brake Shims
Growing safety awareness, as well as the adoption of advanced braking systems, drives the market.
The passenger car segment dominated the market in 2020 and is expected to continue to do so throughout the forecast period.
The e-commerce segment is expected to grow at the fastest CAGR during the forecast period. Rising demand for price transparency and greater diversity have accelerated the global rubber-coated brake shim market segment.
In 2020, Asia Pacific dominated the market, which is expected to continue throughout the forecast period. Growing automotive vehicle sales and increased O.E.M. investment in various Asia Pacific countries have boosted the demand for rubber-coated brake shims material in this region.
Increase in demand for better performance and control of the vehicle
The main factor influencing the growth of rubber-coated brake shim material is the increased demand for improved vehicle performance and control. As a component attached to the friction pad backing plate, rubber-coated brake shim material provides multifunction noise control. As a result, most companies are developing and releasing advanced rubber-coated brake shims to the market to improve vehicle performance and control. As an example:
Mineta Advanced Shims Technology A/S specializes in producing anti-noise shims for disc brake systems.
Util Group manufactures disc brake shims in order to address one of the industry's most pressing concerns: noise, vibration, and hardness (NVH).
NUCAP Industries, a manufacturing company, based in Canada, provides NU-LOK design shims to maximize attachment and spring action required to optimize anti-noise performance.
In 2020, Asia Pacific will hold the dominant position In the global market
The Asia Pacific dominated the global market in 2020, which is expected to continue for the forecast period. This is primarily due to an increase in vehicle production as a result of rising vehicle demand in this region. According to the International Organization of Motor Vehicle Manufacturers, the following countries have the most vehicles sold:
Around 25.7 million motor vehicles were sold in China in 2019, up from 24.6 million in 2015.
In 2019, approximately 3.8 million motor vehicles were sold in India, up from 3.4 million in 2015.
In Japan, approximately 5.1 million motor vehicles were sold in 2019, an increase from 5 million in 2015.
Australia and New Zealand - In 2019, approximately 1.8 million motor vehicles were sold in Australia and New Zealand, up from 1.2 million in 2015.
The strategic collaboration is essential for success.
Rubber Coated Brake Shims are manufactured by a number of companies, including Brake Performance, Meneta Advanced Shim Technology, Nichia's Corporation, Nucap Industries Inc, Stanztechnik Schulte Gmbh, Trelleborg Sealing Solutions Kalmar Ab, and Util Industries S.P.A. are the major players in the global Rubber Coated Brake Shims market are focusing heavily on strategic partnerships to expand their footprints and market share. MENETA was selected as the global supplier of anti-noise shims for the game-changing Ford C2 platform in October 2018. C2 platform brakes have been standardized to fit many automobile models, emphasizing engineering economies and development time savings.
Frequently asked questions
During the forecast period, the overall market size of rubber coated brake shim is expected to grow at a CAGR of 5.7%.
The major players in the global Rubber Coated Brake Shims market are Brake Performance, Meneta Advanced Shim Technology, Nichias Corporation, Nucap Industries Inc, Stanztechnik Schulte Gmbh, Trelleborg Sealing Solutions Kalmar Ab, and Util Industries S.P.A. The companies are putting a lot of emphasis on strategic partnerships in order to expand their footprints and market share.
The expansion of automotive manufacturing facilities eventually increases the demand for rubber-coated brake shims. Vehicle demand is increasing year after year.
Increasing adoption of noiseless disc brakes, as well as increased demand for better vehicle performance and control, are some of the market's key driving factors.
Due to COVID-19, most of the countries followed a complete lockdown for several months, which, in turn, has impacted vehicle production. Manufacturing units around the world have been closed, resulting in a drop in sales of automotive spare parts, which has impacted global production. Although some OEMs have resumed production, the automotive rubber coated brake shim market may witness significant decline in 2020.
