Automotive Backing Plate Market Trends and Analysis by 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.

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Automotive Backing Plate Market: Strategic Insights

Impact 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

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.

The regional trends and factors influencing the Automotive Backing Plate Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Automotive Backing Plate Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Automotive Backing Plate Market Report Scope

Automotive Backing Plate Market Players Density: Understanding Its Impact on Business Dynamics

The Automotive Backing Plate Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

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