According to the research report titled ‘Global Brake Shims Market Size study, by Vehicle Type (Rubber, Metal), Vehicle (Automotive, Equipment, Others), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global brake shims market is anticipated to develop at a steady growth rate over the forecast timeframe of 2021-2027.
 

Expanding automobile industry owing to surging car sales will primarily drive the worldwide brake shims market over the projection period. In fact, according to credible sources, the number of automobiles sold globally is expected to rise from 63.8 million units in 2020 to 69.8 million units in 2021.
 

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Rising number of government measures to avoid road accidents will further propel the industry expansion. Besides, increasing frequency of road accidents, technological advancements, and new vehicle launches are anticipated to enhance revenue flow in the upcoming years.
 

However, increasing sales of electric cars, and growing use of disc brakes in passenger vehicles will stifle market progress over the years 2021-2027, claims the study.
 

Based on type, the market is fragmented into rubber and metal. Considering vehicles, light commercial vehicles, heavy commercial vehicles, and passenger cars are the categories covered in the research document.
 

From a regional perspective, global brake shims market size and scope is majorly determined by assessing North America (U.S., Canada), Europe (UK, Germany, Spain, France, Italy), Asia Pacific (Japan, China, South Korea, India, Australia), and Latin America (Mexico and Brazil).
 

Asia-Pacific market holds the largest market share and is expected to grow rapidly in the upcoming years owing to increasing adoption of sophisticated technologies, augmenting vehicle production and sales volume fueled by entry of multinational automotive firms, and favorable government initiatives.
 

In terms of the competitive landscape, Zhejiang Aodi Machinery Manufacturing Co. Ltd., Hubei Aosida Auto Parts Co. Ltd., Zhejiang Vie Science & Technology Co. Ltd., Ferdinand Bilstein GmbH, Aydinsan Fren Circirlari Ltd. Sti., Accuride International Inc., Stemco LP, WABCO Vehicle Control Systems, Haldex AB, Meritor Inc., and Bendix Commercial Vehicle Systems LLC are the key players in worldwide brake shims industry sphere.