Automotive Brake Shims Market Worth $705.11 Million, Globally, by 2028 at 3.9% CAGR - Exclusive Report by The Insight Partners

 The Insight Partners published latest research study on “Automotive Brake Shims Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material Type (Rubber Coated, PSA Material, Thermoset Material, and Others) and Application (Two-Wheeler, Passenger Vehicle, and Commercial Vehicle)”, the global automotive brake shims market growth is driven by the booming production of automotive vehicles and growing norms for reducing fatalities caused by vehicle accidents, the rising adoption of electric vehicles and advancements in automotive brake technology are presenting significant potential for the future growth of the market players.

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Report Coverage	Details
Market Size Value in	US$ 540.78 Million in 2021
Market Size Value by	US$ 705.11 Million by 2028
Growth rate	CAGR of 3.9% from 2021 to 2028
Forecast Period	2021-2028
Base Year	2021
No. of Pages	141
No. Tables	61
No. of Charts & Figures	73
Historical data available	Yes
Segments covered	Material Type, and Application
Regional scope	North America; Europe; Asia Pacific; Latin America; MEA
Country scope	US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Automotive Brake Shims Market: Competitive Landscape and Key Developments
Bosch Auto Parts, AVERY DENNISON CORPORATION, BREMBO S.P.A., Trelleborg Group, Delphi Technologies, Meneta, Super Circle, NUCAP, Brake Performance, and TEXTAR Brake Technology are among the key players profiled during the study of the global automotive brake shims market. Several market players were analyzed to get a holistic view of the global automotive brake shims market and its ecosystem.

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In October 2020, Wolverine Advanced Materials (an ITT Inc. company) launched its new value line of brake shim and abutment clip materials under the aftermarket brand QUIETPATH. These materials offer high noise attenuation across a broad range of environmental factors. The initial launch includes two new exclusive brake shim materials and one new abutment clip material for the better segment of the independent automotive brake shims aftermarket.

In February 2020, Bosch launched new parts, including brake pads for selected vehicles. Bosch launched three new brake pad stock-keeping units added to the Bosch QuietCast brake pad product line.