US Auto Brake Pads, Shoes & Lining Market to Witness Highest Growth in OTR Vehicles Till 2021: TechSci Research Report
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.
New York, NY, August 25, 2016 --(PR.com)-- 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.
Browse 7 market data Tables and 35 Figures spread through 136 Pages and an in-depth TOC on "United States Automotive Brake Pads, Shoes & Linings Market"
https://www.techsciresearch.com/report/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-2011-2021/740.html
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 2011-2015 on 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.
“US Automotive Brake Pads, Shoes & Linings Market Forecast and Opportunities, 2021’’ has evaluated the future growth potential of United States automotive brake pads, shoes & linings market and provides statistics and information on market structure, policies and regulations in the United States automotive brake pads, shoes & linings market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities available in United States automotive brake pads, shoes & linings market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Browse 7 market data Tables and 35 Figures spread through 136 Pages and an in-depth TOC on "United States Automotive Brake Pads, Shoes & Linings Market"
https://www.techsciresearch.com/report/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-2011-2021/740.html
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 2011-2015 on 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.
“US Automotive Brake Pads, Shoes & Linings Market Forecast and Opportunities, 2021’’ has evaluated the future growth potential of United States automotive brake pads, shoes & linings market and provides statistics and information on market structure, policies and regulations in the United States automotive brake pads, shoes & linings market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities available in United States automotive brake pads, shoes & linings market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Contact
TechSci Research
Ken Mathews
+1 646 360 1656
www.techsciresearch.com
2950 Boundary Road
Burnaby, British Columbia,
Canada – VM5 3Z9
Ken Mathews
+1 646 360 1656
www.techsciresearch.com
2950 Boundary Road
Burnaby, British Columbia,
Canada – VM5 3Z9
Contact
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