According to the www.techsciresearch.com report, “United States 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.
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US Automotive Brake Pads, Shoes and Linings Market 2021 - brochure
1. United States Automotive Brake Pads, Shoes &
Linings Market, By Vehicle Type,
By Demand Category, By Brake Type, Competition
Forecast & Opportunities, 2011 – 2021
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
9. I n d u s t r y B r i e f
9
US Auto Brake Pads, Shoes & Lining Market to witness highest growth in OTR Vehicles till 2021
Booming economy, construction and infrastructure activities, coupled with growing light commercial vehicle
segment fleet size to drive United States brake pads, shoes and linings market
According to TechSci Research report, “US Automotive Brake Pads, Shoes & Lining Market, By Vehicle Type, By
Demand Category, By Brake Type Competition Forecast & Opportunities, 2011-2021”, US automotive brake pads,
shoes & linings market is projected to grow at a CAGR of over 4% during 2016-2021, on account of increasing
emphasis on raising vehicle safety standards coupled with growing production as well as sales of vehicles.
Moreover, increasing demand for improved performance, safety and functionality at reasonable prices is further
anticipated to positively influence the automotive brake pads, shoes &linings market in the US during 2016-2021.
Automotive industry in the United States accounted for almost 3% of the country’s GDP in 2015. 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. In addition to booming automotive industry, the
government’s spending on construction industry in the United States grew at a CAGR of over 8% during 2011-
2015on account of large number of ongoing infrastructural and construction projects in the country. Hence, with
the presence of multiple automotive manufacturing facilities coupled with growing sales of light commercial
vehicles and OTRs, the demand for automotive brake pads, shoes & linings in the US is expected to increase over
the next five years.
“Among brake pads, shoes and linings, brake pads accounted for the largest share in the United States automotive
brake pads, shoes & linings market in 2015, and the segment is anticipated to maintain its dominance over the next
five years as well. In 2015, the United States automotive brake pads, shoes & linings market was dominated by
passenger car segment, followed by light commercial vehicle segment. In the United States, majority of the demand
for automotive brake pads, shoes & linings was generated in the replacement market in 2015.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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