Automotive Brake Lining Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 15.2 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The global automotive brake lining market was valued at approximately USD 20.5 billion in 2022. The market is anticipated to experience a steady growth rate, with a compound annual growth rate (CAGR) of 5.3% from 2022 to 2027. This growth is driven by increasing vehicle production and the rising demand for advanced braking systems to enhance safety and performance. The expansion of the automotive industry in developing regions and the continuous advancement in brake lining materials, including the development of eco-friendly and high-performance products, are expected to contribute significantly to this upward trend.
Opportunities within the automotive brake lining market are expanding, particularly in emerging markets where vehicle ownership is rising. Countries in Asia-Pacific and Latin America are witnessing rapid industrialization and urbanization, leading to increased vehicle sales and consequently higher demand for brake linings. Additionally, the growing emphasis on automotive safety regulations and the adoption of electric vehicles (EVs) are poised to create new growth avenues. As manufacturers innovate and enhance product offerings, there are promising prospects for capturing market share in these burgeoning regions.
Get an In-Depth Research Analysis of the Global Automotive Brake Lining Market Size And Forecast [2025-2032]
Nisshinbo
Bendix
Sangsin
Marathon Brake
Fras-le
ICER
Meritor
Fuji Brake
Federal-Mogul
MASU
MAT Holdings
Klasik
Boyun
Gold Phoenix
Xingyue
Xinyi
Foryou
Feilong
Shenli
Zhongcheng
Assured
Humeng
Safety
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Automotive Brake Lining Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Brake Lining Market
Commercial Vehicle
Passenger Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Brake Lining market share In 2023.
Semimetal Type
NAO Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Automotive Brake Lining Market Research Analysis
1. Introduction of the Global Automotive Brake Lining Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Brake Lining Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Brake Lining Market, By Type
6. Global Automotive Brake Lining Market, By Application
7. Global Automotive Brake Lining Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Brake Lining Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/