Automotive Backing Plate Market Size, Share, Industry | 2028
The automotive backing plate market share is expected to grow from US$ 590.61 million in 2021 to US$ 771.30 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.
A backing plate is a mechanical device used to control motion by absorbing energy from a moving system, typically through friction. It slows or stops a moving vehicle, wheel, axle, or other components. A braking system is a complicated gadget with many pieces with more accessible functions. In a braking system, pushing a single pedal activates all four wheels' brakes. The slowdown is accomplished using hydraulic fluid, which is frequently added to ensure effective braking performance. Air is not permitted in the system; otherwise, the component would not function properly. Most backing plates are designed to use friction between two surfaces, and they are pressed to convert the kinetic energy of the moving object into heat. In an automobile, friction brakes store braking heat in the drum brake or disc brake, which gradually converts into air.
The key stakeholders in the automotive backing plate market are raw material suppliers, automotive backing plate manufacturers, and end-users. All these stakeholders are a part of the automotive backing plate market value chain that comprises three major segments brake type, brake material, and vehicle type. The raw material providers supply the material to build the automotive backing plates. Automotive backing plate manufacturers then carry out various processes, such as designing, assembling, and production, to transform raw materials into finished products. Growing demands for enhanced functionality, greater reliability, higher product utilization, and capabilities that transcend the boundaries of traditional products and solutions are enabling industry participants to rethink their strategies and the operational significance of the product.
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Automotive Backing Plate Market: Strategic Insights
Market Size Value in US$ 590.61 Million in 2021 Market Size Value by US$ 771.30 Million by 2028 Growth rate CAGR of 3.9% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Automotive Backing Plate Market: Strategic Insights
Market Size Value in | US$ 590.61 Million in 2021 |
Market Size Value by | US$ 771.30 Million by 2028 |
Growth rate | CAGR of 3.9% from 2021 to 2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystImpact of COVID-19 Pandemic on Automotive Backing Plate Market
The growth of economies and improvements in production & manufacturing infrastructures, especially in developing countries, have bolstered the growth of the automotive backing plate market. After witnessing a significant drop in consumer demand for trucks and cars in 2020 due to the COVID-19 pandemic, the automotive backing plate market is witnessing a gradual recovery after the last quarter of 2020. As per several automotive industry associations and organizations, the automotive sector recorded ~20–25% loss in production and more than ~30% loss in sales in 2020. The key manufacturers observed a drop in sales during 2020 due to declining automotive manufacturing. Automotive sales in Europe and the US are anticipated to rebound to pre-COVID-19 pandemic levels by 2023, while China’s recovery continues with the potential to approach ~30 million new vehicles by 2025. Rapid recovery of the global automotive sector is anticipated to boost the automotive backing plate market during the forecast period.
Market Insights
Stringent Automotive Active Safety Regulations
Stringent Automotive Active Safety Regulations
The goal of functional safety is to reduce the risks associated with product design and development. Many dangers and possible failures must be addressed, and an active system should be introduced that recognizes and responds to these issues. The ISO 26262 standard specifies which aspects should be examined and safeguarded in the car industry and ensures this avoidance. The new UN Regulation will impose strict and internationally harmonized requirements for using AEBS at low speeds, even in complex and unpredictable situations, such as traffic in urban areas, owing to the growth of the automotive backing plate market.
Brake Type Segment Insights
Based on brake type, the global automotive backing plate market is bifurcated into disc brake and drum brake. A drum brake relies on friction generated by a set of shoes or pads that press outward against a revolving cylinder-shaped component known as a brake drum. Drum brakes are commonly described as brakes in which shoes press on the inside surface of the drum. When shoes push on the exterior of the drum, this is referred to as a clasp brake.
Material Type Segment Insights
Based on brake material type, the automotive backing plate market is segmented into aluminium, iron, and others. The others segment in the automotive backing plate market includes ceramic, copper, rubber, and brass. Ceramic brake pads have small copper strands, which contribute to improving friction and heat conductivity. They are extremely quiet, producing little to no additional noise when the brakes are used. Copper provides a smooth braking sensation, easily transfers heat, and improves brake efficacy in cold conditions. Copper also possesses characteristics that help keep brakes from squeaking and trembling when they are utilized. Currently, the unique properties of copper make it impossible to recreate with other materials.
Automotive Backing Plate Market Report Scope
Vehicle Type Segment Insights
Based on vehicle type, the automotive backing plate market is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. Passenger cars have two brake pads and one rotor per wheel. The user can clearly see the dark wear particles on the car rims in European cars. In North America and Asia, a different brake pad formulation is used. The non-asbestos organic (NAO) brake pads are less abrasive and cause less rotor wear. Passenger cars are fitted with brake pads that meet the high requirements of car manufacturers for comfort, durability, and performance. Hybrid and electric cars use regenerative brake systems. Traditional brakes are not applied as frequently using these braking systems in daily traffic, thus decreasing the replacement rate. This will lead to the growth of the automotive backing plate market during the forecast period.
The automotive backing plate market players focus on new product innovations and developments by integrating advanced technologies and features to compete with the competitors. In March 2022, Dorman Products announced 250 new auto parts including more than ~100 new aftermarkets for a wide range of cars and trucks.
Based on brake type, the global automotive backing plate market is bifurcated into disc brake and drum brake. Based on brake material type, the automotive backing plate market is segmented into aluminium, iron, and others. Based on vehicle type, the automotive backing plate market is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. By geography, the global automotive backing plate market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Company Profiles
- Super Circle
- NUCAP
- MAT Foundry Group Ltd.
- INDUS Marmara Auto Components Pvt Ltd.
- Dorman Products
- Ridex GMBH
- ORTLINGHAUS-WERKE GmbH
- Sparex
- RSB Tech Solution
- ACDelco
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Brake Types, Brake Material Type, and Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major five companies in the automotive backing plate market include Dorman Products, NUCAP, Ridex GMBH, ORTLINGHAUS-WERKE GMBH, and ACDELCO.
On the basis of vehicle type, the automotive backing plate market is segmented into passenger cars, light commercial vehicle, and heavy commercial vehicle. In 2021, the passenger cars segment led the automotive backing plate market, accounting for the largest share in the market.
In 2021, APAC led the market with a substantial revenue share, followed by Europe and North America. APAC is a prospective market for automotive backing plate developers.
Based on brake types, the automotive backing plate market is bifurcated into disc brake and drum brake. In 2021, the drum brake segment led the automotive backing plate market, accounting for the largest share in the market.
Stringent automotive active safety regulations and enhanced vehicle safety with ABS & EBD are driving the growth of the automotive backing plate market.
The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including the automotive backing plate market. Further, regenerative braking to create lucrative opportunities in EV ecosystem is presenting significant potential for the future growth of the automotive backing plate market players.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Backing Plate Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe PEST - Analysis
4.2.3 Asia Pacific (APAC) – PEST Analysis
4.2.4 Middle East & Africa (MEA) – PEST Analysis
4.2.5 South America (SAM) - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Global Automotive Backing Plate Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Stringent Automotive Active Safety Regulations
5.1.2 Enhanced Vehicle Safety with ABS and EBD
5.2 Market Restraints
5.2.1 High Development and Maintenance Costs
5.3 Market Opportunities
5.3.1 Regenerative Braking to Create Lucrative Opportunities in EV Ecosystem
5.4 Future Trends
5.4.1 Growing Demand for Automatic Braking Systems in Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Backing Plate Market – Global Analysis
6.1 Global Automotive Backing Plate Market Overview
6.2 Global Automotive Backing Plate Market Forecast and Analysis
6.3 Market Positioning –Top 5 Players
7. Automotive Backing Plate Market Revenue and Forecast to 2028 – Brake Types
7.1 Overview
7.2 Automotive Backing Plate Market, By Brake Types (2020 and 2028)
7.3 Disc Brake
7.3.1 Overview
7.3.2 Disc Brake: Automotive Backing Plate Market Revenue and Forecast To 2028 (US$ Million)
7.4 Drum Brake
7.4.1 Overview
7.4.2 Drum Brake: Automotive Backing Plate Market Revenue and Forecast To 2028 (US$ Million)
8. Automotive Backing Plate Market Revenue and Forecast to 2028 – Brake Material Type
8.1 Overview
8.2 Automotive Backing Plate Market, By Brake Material Type (2020 and 2028)
8.3 Aluminum
8.3.1 Overview
8.3.2 Aluminum: Automotive Backing Plate Market Revenue and Forecast To 2028 (US$ Million)
8.4 Iron
8.4.1 Overview
8.4.2 Iron: Automotive Backing Plate Market Revenue and Forecast To 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Automotive Backing Plate Market Revenue and Forecast To 2028 (US$ Million)
9. Automotive Backing Plate Market Revenue and Forecast to 2028 – Vehicle Type
9.1 Overview
9.2 Automotive Backing Plate Market, By Vehicle Type (2020 and 2028)
9.3 Passenger Cars
9.3.1 Overview
9.3.2 Passenger Cars: Automotive Backing Plate Market Revenue and Forecast To 2028 (US$ Million)
9.4 Light Commercial Vehicle
9.4.1 Overview
9.4.2 Light Commercial Vehicle: Automotive Backing Plate Market Revenue and Forecast To 2028 (US$ Million)
9.5 Heavy Commercial Vehicle
9.5.1 Overview
9.5.2 Heavy Commercial Vehicle: Automotive Backing Plate Market Revenue and Forecast To 2028 (US$ Million)
10. Automotive Backing Plate Market – Geographic Analysis
10.1 Overview
10.2 North America: Automotive Backing Plate Market
10.2.1 Overview
10.2.2 North America Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.2.3 North America Automotive Backing Plate Market Breakdown, By Brake Types
10.2.4 North America Automotive Backing Plate Market Breakdown, By Brake Material Type
10.2.5 North America Automotive Backing Plate Market Breakdown, By Vehicle Type
10.2.6 North America Automotive Backing Plate Market Breakdown, by Country
10.2.6.1 US Automotive Backing Plate Market, Revenue and Forecast to 2028
10.2.6.1.1 US Automotive Backing Plate Market Breakdown, By Brake Types
10.2.6.1.2 US Automotive Backing Plate Market Breakdown, By Brake Material Type
10.2.6.1.3 US Automotive Backing Plate Market Breakdown, By Vehicle Type
10.2.6.2 Canada Automotive Backing Plate Market, Revenue and Forecast to 2028
10.2.6.2.1 Canada Automotive Backing Plate Market Breakdown, By Brake Types
10.2.6.2.2 Canada Automotive Backing Plate Market Breakdown, By Brake Material Type
10.2.6.2.3 Canada Automotive Backing Plate Market Breakdown, By Vehicle Type
10.2.6.3 Mexico Automotive Backing Plate Market, Revenue and Forecast to 2028
10.2.6.3.1 Mexico Automotive Backing Plate Market Breakdown, By Brake Types
10.2.6.3.2 Mexico Automotive Backing Plate Market Breakdown, By Brake Material Type
10.2.6.3.3 Mexico Automotive Backing Plate Market Breakdown, By Vehicle Type
10.3 Europe: Automotive Backing Plate Market
10.3.1 Overview
10.3.2 Europe Automotive Backing Plate Market Revenue and Forecast to 2028 (US$ million)
10.3.3 Europe Automotive Backing Plate Market Breakdown, By Brake Types
10.3.4 Europe Automotive Backing Plate Market Breakdown, By Brake Material Type
10.3.5 Europe Automotive Backing Plate Market Breakdown, By Vehicle Type
10.3.6 Europe Automotive Backing Plate Market Breakdown, by Country
10.3.6.1 Germany Automotive Backing Plate Market, Revenue and Forecast to 2028
10.3.6.1.1 Germany Automotive Backing Plate Market Breakdown, By Brake Types
10.3.6.1.2 Germany Automotive Backing Plate Market Breakdown, By Brake Material Type
10.3.6.1.3 Germany Automotive Backing Plate Market Breakdown, By Vehicle Type
10.3.6.2 France Automotive Backing Plate Market, Revenue and Forecast to 2028
10.3.6.2.1 France Automotive Backing Plate Market Breakdown, By Brake Types
10.3.6.2.2 France Automotive Backing Plate Market Breakdown, By Brake Material Type
10.3.6.2.3 France Automotive Backing Plate Market Breakdown, By Vehicle Type
10.3.6.3 Italy Automotive Backing Plate Market, Revenue and Forecast to 2028
10.3.6.3.1 Italy Automotive Backing Plate Market Breakdown, By Brake Types
10.3.6.3.2 Italy Automotive Backing Plate Market Breakdown, By Brake Material Type
10.3.6.3.3 Italy Automotive Backing Plate Market Breakdown, By Vehicle Type
10.3.6.4 UK Automotive Backing Plate Market, Revenue and Forecast to 2028
10.3.6.4.1 UK Automotive Backing Plate Market Breakdown, By Brake Types
10.3.6.4.2 UK Automotive Backing Plate Market Breakdown, By Brake Material Type
10.3.6.4.3 UK Automotive Backing Plate Market Breakdown, By Vehicle Type
10.3.6.5 Russia Automotive Backing Plate Market, Revenue and Forecast to 2028
10.3.6.5.1 Russia Automotive Backing Plate Market Breakdown, By Brake Types
10.3.6.5.2 Russia Automotive Backing Plate Market Breakdown, By Brake Material Type
10.3.6.5.3 Russia Automotive Backing Plate Market Breakdown, By Vehicle Type
10.3.6.6 Rest of Europe Automotive Backing Plate Market, Revenue and Forecast to 2028
10.3.6.6.1 Rest of Europe Automotive Backing Plate Market Breakdown, By Brake Types
10.3.6.6.2 Rest of Europe Automotive Backing Plate Market Breakdown, By Brake Material Type
10.3.6.6.3 Rest of Europe Automotive Backing Plate Market Breakdown, By Vehicle Type
10.4 APAC: Automotive Backing Plate Market
10.4.1 Overview
10.4.2 APAC Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.4.3 APAC Automotive Backing Plate Market Breakdown, By Brake Types
10.4.4 APAC Automotive Backing Plate Market Breakdown, By Brake Material Type
10.4.5 APAC Automotive Backing Plate Market Breakdown, By Vehicle Type
10.4.6 APAC Automotive Backing Plate Market Breakdown, by Country
10.4.6.1 Australia Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.1.1 Australia Automotive Backing Plate Market Breakdown, By Brake Types
10.4.6.1.2 Australia Automotive Backing Plate Market Breakdown, By Brake Material Type
10.4.6.1.3 Australia Automotive Backing Plate Market Breakdown, By Vehicle Type
10.4.6.2 China Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.2.1 China Automotive Backing Plate Market Breakdown, By Brake Types
10.4.6.2.2 China Automotive Backing Plate Market Breakdown, By Brake Material Type
10.4.6.2.3 China Automotive Backing Plate Market Breakdown, By Vehicle Type
10.4.6.3 India Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.3.1 India Automotive Backing Plate Market Breakdown, By Brake Types
10.4.6.3.2 India Automotive Backing Plate Market Breakdown, By Brake Material Type
10.4.6.3.3 India Automotive Backing Plate Market Breakdown, By Vehicle Type
10.4.6.4 Japan Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.4.1 Japan Automotive Backing Plate Market Breakdown, By Brake Types
10.4.6.4.2 Japan Automotive Backing Plate Market Breakdown, By Brake Material Type
10.4.6.4.3 Japan Automotive Backing Plate Market Breakdown, By Vehicle Type
10.4.6.5 South Korea Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.5.1 South Korea Automotive Backing Plate Market Breakdown, By Brake Types
10.4.6.5.2 South Korea Automotive Backing Plate Market Breakdown, By Brake Material Type
10.4.6.5.3 South Korea Automotive Backing Plate Market Breakdown, By Vehicle Type
10.4.6.6 Rest of APAC Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.4.6.6.1 Rest of APAC Automotive Backing Plate Market Breakdown, By Brake Types
10.4.6.6.2 Rest of APAC Automotive Backing Plate Market Breakdown, By Brake Material Type
10.4.6.6.3 Rest of APAC Automotive Backing Plate Market Breakdown, By Vehicle Type
10.5 MEA: Automotive Backing Plate Market
10.5.1 Overview
10.5.2 MEA Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.5.3 MEA Automotive Backing Plate Market Breakdown, By Brake Types
10.5.4 MEA Automotive Backing Plate Market Breakdown, By Brake Material Type
10.5.5 MEA Automotive Backing Plate Market Breakdown, By Vehicle Type
10.5.6 MEA Automotive Backing Plate Market Breakdown, By Country
10.5.6.1 Saudi Arabia Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.5.6.1.1 Saudi Arabia Automotive Backing Plate Market Breakdown, By Brake Types
10.5.6.1.2 Saudi Arabia Automotive Backing Plate Market Breakdown, By Brake Material Type
10.5.6.1.3 Saudi Arabia Automotive Backing Plate Market Breakdown, By Vehicle Type
10.5.6.2 UAE Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.5.6.2.1 UAE Automotive Backing Plate Market Breakdown, By Brake Types
10.5.6.2.2 UAE Automotive Backing Plate Market Breakdown, By Brake Material Type
10.5.6.2.3 UAE Automotive Backing Plate Market Breakdown, By Vehicle Type
10.5.6.3 South Africa Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.5.6.3.1 South Africa Automotive Backing Plate Market Breakdown, By Brake Types
10.5.6.3.2 South Africa Automotive Backing Plate Market Breakdown, By Brake Material Type
10.5.6.3.3 South Africa Automotive Backing Plate Market Breakdown, By Vehicle Type
10.5.6.4 Rest of MEA Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.5.6.4.1 Rest of MEA Automotive Backing Plate Market Breakdown, By Brake Types
10.5.6.4.2 Rest of MEA Automotive Backing Plate Market Breakdown, By Brake Material Type
10.5.6.4.3 Rest of MEA Automotive Backing Plate Market Breakdown, By Vehicle Type
10.6 SAM: Automotive Backing Plate Market
10.6.1 Overview
10.6.2 SAM Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
10.6.3 SAM Automotive Backing Plate Market Breakdown, By Brake Types
10.6.4 SAM Automotive Backing Plate Market Breakdown, By Brake Material Type
10.6.5 SAM Automotive Backing Plate Market Breakdown, By Vehicle Type
10.6.6 SAM Automotive Backing Plate Market Breakdown, By Country
10.6.6.1 Brazil Automotive Backing Plate Market, Revenue and Forecast to 2028
10.6.6.1.1 Brazil Automotive Backing Plate Market Breakdown, By Brake Types
10.6.6.1.2 Brazil Automotive Backing Plate Market Breakdown, By Brake Material Type
10.6.6.1.3 Brazil Automotive Backing Plate Market Breakdown, By Vehicle Type
10.6.6.2 Argentina Automotive Backing Plate Market, Revenue and Forecast to 2028
10.6.6.2.1 Argentina Automotive Backing Plate Market Breakdown, By Brake Types
10.6.6.2.2 Argentina Automotive Backing Plate Market Breakdown, By Brake Material Type
10.6.6.2.3 Argentina Automotive Backing Plate Market Breakdown, By Vehicle Type
10.6.6.3 Rest of SAM Automotive Backing Plate Market, Revenue and Forecast to 2028
10.6.6.3.1 Rest of SAM Automotive Backing Plate Market Breakdown, By Brake Types
10.6.6.3.2 Rest of SAM Automotive Backing Plate Market Breakdown, By Brake Material Type
10.6.6.3.3 Rest of SAM Automotive Backing Plate Market Breakdown, By Vehicle Type
11. Impact of COVID-19 Pandemic on Automotive Backing Plate Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South America Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 Super Circle
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 NUCAP
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 MAT Foundry Group Ltd.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 INDUS Marmara Auto Components Pvt Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Dorman Products
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ridex GMBH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ORTLINGHAUS-WERKE GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Sparex
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 RSB Tech Solution
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 ACDelco
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Automotive Backing Plate Market Revenue and Forecasts to 2028 (US$ Million)
Table 2. North America Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Types (US$ million)
Table 3. North America Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Material Type (US$ million)
Table 4. North America Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ million)
Table 5. North America Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 6. US Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 7. US Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 8. US Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 9. Canada Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 10. Canada Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 11. Canada Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 12. Mexico Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 13. Mexico Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 14. Mexico Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 15. Europe Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Types (US$ million)
Table 16. Europe Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Material Type (US$ million)
Table 17. Europe Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ million)
Table 18. Europe Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 19. Germany Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 20. Germany Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 21. Germany Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 22. France Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 23. France Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 24. France Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 25. Italy Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 26. Italy Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 27. Italy Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 28. UK Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 29. UK Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 30. UK Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 31. Russia Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 32. Russia Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 33. Russia Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 34. Rest of Europe Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 35. Rest of Europe Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 36. Rest of Europe Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 37. APAC Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Types (US$ million)
Table 38. APAC Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Material Type (US$ million)
Table 39. APAC Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ million)
Table 40. APAC Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 41. Australia Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 42. Australia Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 43. Australia Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 44. China Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 45. China Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 46. China Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 47. India Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 48. India Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 49. India Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 50. Japan Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 51. Japan Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 52. Japan Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 53. South Korea Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 54. South Korea Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 55. South Korea Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 56. Rest of APAC Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 57. Rest of APAC Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 58. Rest of APAC Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 59. MEA Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Types (US$ million)
Table 60. MEA Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Material Type (US$ million)
Table 61. MEA Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ million)
Table 62. MEA Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 63. Saudi Arabia Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 64. Saudi Arabia Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 65. Saudi Arabia Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 66. UAE Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 67. UAE Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 68. UAE Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 69. South Africa Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 70. South Africa Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 71. South Africa Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 72. Rest of MEA Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 73. Rest of MEA Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 74. Rest of MEA Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 75. SAM Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Types (US$ million)
Table 76. SAM Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Brake Material Type (US$ million)
Table 77. SAM Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Vehicle Type (US$ million)
Table 78. SAM Automotive Backing Plate Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 79. Brazil Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 80. Brazil Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 81. Brazil Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 82. Argentina Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 83. Argentina Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 84. Argentina Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 85. Rest of SAM Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Types (US$ million)
Table 86. Rest of SAM Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Brake Material Type (US$ million)
Table 87. Rest of SAM Automotive Backing Plate Market, Revenue and Forecast to 2028 – By Vehicle Type (US$ million)
Table 88. Glossary of Term: Automotive Backing Plate Market
LIST OF FIGURES
Figure 1. Global Automotive Backing Plate Market Segmentation
Figure 2. Global Automotive Backing Plate Market Segmentation – By Geography
Figure 3. Global Automotive Backing Plate Market Overview
Figure 4. Drum Brake Segment Held the Largest Market Share in 2020 – By Brake Types
Figure 5. Others Segment Held the Largest Market Share in 2020 – By Brake Material Type
Figure 6. Passenger Cars Segment Held the Largest Market Share in 2020 – By Vehicle Type
Figure 7. APAC was the Largest Revenue Contributor in 2020 – By Geography
Figure 8. North America - PEST Analysis
Figure 9. Europe PEST - Analysis
Figure 10. Asia Pacific (APAC) – PEST Analysis
Figure 11. Middle East & Africa (MEA) – PEST Analysis
Figure 12. South America (SAM) - PEST Analysis
Figure 13. Automotive Backing Plate Market– Ecosystem Analysis
Figure 14. Expert Opinions
Figure 15. Automotive Backing Plate Market: Impact Analysis of Drivers and Restraints
Figure 16. Global Automotive Backing Plate Market, 2020 - 2028, US$ Million
Figure 17. Global Automotive Backing Plate Market Forecast and Analysis to 2028, US$ Million
Figure 18. Automotive Backing Plate Market, By Brake Types (2020 and 2028)
Figure 19. Disc Brake: Automotive Backing Plate Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Drum Brake: Automotive Backing Plate Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Automotive Backing Plate Market, By Brake Material Type (2020 and 2028)
Figure 22. Aluminum: Automotive Backing Plate Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Iron: Automotive Backing Plate Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Automotive Backing Plate Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Automotive Backing Plate Market, By Vehicle Type (2020 and 2028)
Figure 26. Passenger Cars: Automotive Backing Plate Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Light Commercial Vehicle: Automotive Backing Plate Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Heavy Commercial Vehicle: Automotive Backing Plate Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Global Automotive Backing Plate Market Breakdown, By Region, 2020 & 2028 (%)
Figure 30. North America Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 31. North America Automotive Backing Plate Market Breakdown, By Brake Types, 2020 & 2028 (%)
Figure 32. North America Automotive Backing Plate Market Breakdown, By Brake Material Type, 2020 & 2028 (%)
Figure 33. North America Automotive Backing Plate Market Breakdown, By Vehicle Type, 2020 & 2028 (%)
Figure 34. North America Automotive Backing Plate Market Breakdown, by Country, 2020 & 2028 (%)
Figure 35. US Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 36. Canada Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 37. Mexico Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 38. Europe Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 39. Europe Automotive Backing Plate Market Breakdown, By Brake Types, 2020 & 2028 (%)
Figure 40. Europe Automotive Backing Plate Market Breakdown, By Brake Material Type, 2020 & 2028 (%)
Figure 41. Europe Automotive Backing Plate Market Breakdown, By Vehicle Type, 2020 & 2028 (%)
Figure 42. Europe Automotive Backing Plate Market Breakdown, by Country, 2020 & 2028(%)
Figure 43. Germany Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 44. France Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 45. Italy Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 46. UK Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 47. Russia Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 48. Rest of Europe Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 49. APAC Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 50. APAC Automotive Backing Plate Market Breakdown, By Brake Types, 2020 & 2028 (%)
Figure 51. APAC Automotive Backing Plate Market Breakdown, By Brake Material Type, 2020 & 2028 (%)
Figure 52. APAC Automotive Backing Plate Market Breakdown, By Vehicle Type, 2020 & 2028 (%)
Figure 53. APAC Automotive Backing Plate Market Breakdown, by Country, 2020 & 2028 (%)
Figure 54. Australia Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 55. China Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 56. India Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 57. Japan Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 58. South Korea Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 59. Rest of APAC Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 60. MEA Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 61. MEA Automotive Backing Plate Market Breakdown, By Brake Types, 2020 & 2028 (%)
Figure 62. MEA Automotive Backing Plate Market Breakdown, By Brake Material Type, 2020 & 2028 (%)
Figure 63. MEA Automotive Backing Plate Market Breakdown, By Vehicle Type, 2020 & 2028 (%)
Figure 64. MEA Automotive Backing Plate Market Breakdown, By Country, 2020 & 2028 (%)
Figure 65. Saudi Arabia Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 66. UAE Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 67. South Africa Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 68. Rest of MEA Automotive Backing Plate Market, Revenue and Forecast To 2028 (US$ million)
Figure 69. SAM Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 70. SAM Automotive Backing Plate Market Breakdown, By Brake Types, 2020 & 2028 (%)
Figure 71. SAM Automotive Backing Plate Market Breakdown, By Brake Material Type, 2020 & 2028 (%)
Figure 72. SAM Automotive Backing Plate Market Breakdown, By Vehicle Type, 2020 & 2028 (%)
Figure 73. SAM Automotive Backing Plate Market Breakdown, By Country, 2020 & 2028 (%)
Figure 74. Brazil Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 75. Argentina Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 76. Rest of SAM Automotive Backing Plate Market, Revenue and Forecast to 2028 (US$ million)
Figure 77. Impact of COVID-19 Pandemic on North American Country Markets
Figure 78. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 79. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 80. Impact of COVID-19 Pandemic on Middle East & Africa Country Markets
Figure 81. Impact of COVID-19 Pandemic on South America Country Markets
The List of Companies - Automotive Backing Plate Market
- Super Circle
- NUCAP
- MAT Foundry Group Ltd.
- INDUS Marmara Auto Components Pvt Ltd.
- Dorman Products
- Ridex GMBH
- ORTLINGHAUS-WERKE GmbH
- Sparex
- RSB Tech Solution
- ACDelco
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.