Dublin, March 18, 2019 (GLOBE NEWSWIRE) -- The "Global Automotive Brake Linings Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The automotive brake linings market will register a CAGR of over 8% by 2023.

Brake linings, being a standard fitment in brake shoes and pads, are included in the cost of brake shoes and pads. This means that brake linings are inexpensive and cost-effective for automakers. In addition, the availability of numerous regional and global brake lining manufacturers further intensifies the competition, leading to price wars.

Brake products from both domestic and foreign players are easily available through offline as well as online distribution channels. The convenient product availability and low cost have been playing an instrumental role in driving the penetration of brake products in automobiles.

Increase in production of passenger and commercial vehicles

The global automotive market witnessed an increase in production over the last couple of years, which is directly driving the growth of the global automotive brake linings market. This increase in the production of automotive is acting as a primary driver for the global automotive brake linings market.

Frequent vehicle recalls due to brake-related issues

The number of vehicle recalls has increased over the years. The company recalled these vehicles, as some of the owners of the affected vehicles witnessed smoke coming out of rear wheels due to brake pads touching the rotors.

Such recalls related to brake pads and their assemblies have increased in the past couple of years. Hence, the increase in the number of such occurrences acts as a challenge to the growth of the global automotive brake linings market, as they raise safety concerns as well as lead to cost liabilities.

Competitive Landscape

This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

• AISIN SEIKI Co. Ltd.
• Akebono Brake Industry Co. Ltd.
• Brembo S.p.A.
• Continental AG
• General Motors
• SGL Group

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry

PART 06: MARKET SEGMENTATION BY APPLICATION

• Comparison by application
• Passenger vehicles - Market size and forecast 2018-2023
• Commercial vehicles - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic comparison
• APAC - Market size and forecast 2018-2023
• Europe - Market size and forecast 2018-2023
• North America - Market size and forecast 2018-2023
• South America - Market size and forecast 2018-2023
• MEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

• Developments in automotive brake pad manufacturing
• Growing use of ceramic fiber in manufacturing of brake linings
• Emergence of brake-by-wire (BBW) system

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• AISIN SEIKI Co. Ltd.
• Akebono Brake Industry Co. Ltd.
• Brembo S.p.A.
• Continental AG
• General Motors
• SGL Group

For more information about this report visit https://www.researchandmarkets.com/research/hpw3b9/automotive_brake?w=12

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Related Topics: Brake Systems and Components