US Automotive Brake Pads, Shoes and Linings Market, By Vehicle Type (Passenger Car, LCV, M&HCV, etc.), By Demand Category (OEM Vs. Replacement), By Brake Type (Brake Pads, Shoes, etc.) Competition Forecast and Opportunities, 2011 - 2021
United States automobile industry, comprising automakers and component suppliers, accounts for around 3% of the country’s GDP. United States has 48 manufacturing facilities of 13 major automobile companies including Ford, General Motors, Toyota, Nissan, Hyundai, Kia, Mitsubishi, etc., located in 39 cities across 14 states. Over the next five years, the country’s automotive components market, including the brake pads, shoes & linings segments, is expected to witness growth on the back of anticipated increase in automobile sales as well as expanding vehicle fleet in the US. Federal Mogul and Bosch are the largest players operating in the United States brake pads, shoes & linings market.
According to the TechSci Research report, “US Automotive Brake Pads, Shoes & Lining Market, By Vehicle Type, By Demand Category, By Brake Type Competition Forecast & Opportunities, 2011 – 2021”, United Sates automotive brake pads, shoes & linings market is projected to grow at a CAGR of over 4% during 2016-2021. Changes in braking rules and regulations related to use of copper and other toxic materials in brake pads and shoes in the United States, is expected to influence the country’s brake pads, shoes and linings market over the next few years. In 2015, light commercial vehicle segment dominated the country’s automotive vehicle market, followed by passenger car segment. “US Automotive Brake Pads, Shoes & Lining Market, By Vehicle Type, By Demand Category, By Brake Type Competition Forecast & Opportunities, 2011 – 2021” report elaborates following aspects of brake pads, shoes & lining market: