Automotive Brake Pads, Shoes, and Linings Market
Automotive Brake Pads, Shoes, and Linings Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Automotive Brake Pads, Shoes, and Linings Market Size and Growth
The Automotive Brake Pads, Shoes, and Linings market is experiencing steady growth, driven by increased vehicle production and regulatory safety standards. The global market size is projected to reach approximately $20 billion by 2027, reflecting rising demand for advanced braking solutions and expanding electric vehicle markets amidst evolving automotive technologies.
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Companies Covered
(Covid 19 Impact Covered)
◍ Rane Brake Lining
◍ ASK Automotive
◍ Sundaram Brake Lining
◍ Brakes India
◍ Bosch Chassis System India
◍ Automotive Axles
◍ Hindustan Composites
◍ Allied-Nippon
◍ Makino
◍ Federal-Mogul Goetze
◍ Ranbro Brakes
◍ Brakewel
The Automotive Brake Pads, Shoes, and Linings Market is competitive, featuring companies like Rane Brake Lining, ASK Automotive, and Bosch. These firms innovate and enhance product quality, driving market growth through advanced manufacturing and strategic partnerships. Notable sales revenues include:
- Rane Brake Lining: ₹400 crore
- Bosch: ₹700 crore
- Brakes India: ₹500 crore
Market Segmentation
By Application
Passenger Car
Commercial Vehicle
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By Product
Brake Pads
Brake Shoes
Brake Linings
Market Growth
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$ X Billion USD
