Automotive OEM Market (By Components: Powertrain, Chassis, Electronics and Electrical, External Body, Car Interiors; By Vehicle Type: Commercial vehicles, Passenger cars, Electric cars; By Distribution Channel: Retailers, Wholesalers, Distributors ) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global automotive OEM market size was exhibited at USD 47 billion in 2022 and is projected to hit around USD 70.79 billion by 2032, growing at a CAGR of 4.18% during the forecast period 2023 to 2032.

Key Pointers:

• The automotive OEM market is estimated to surpass a valuation of US$ 53.90 Billion by the end of the projection period.
• An approximate surge of US$ 2.86 Billion has been witnessed from the base year to the current year in the automotive OEM market.
• The commercial vehicle type segment is projected to advance at a CAGR of 6.9% through the forecast period.
• The powertrain segment by component type category is likely to dominate the automotive OEM market, with a market valuation surpassing US$ 449.67 Billion by 2032.
• The United States automotive OEM market is projected to advance at a moderate pace registering a CAGR of 6.7% during 2023-2032.

Automotive OEM Market Report Scope

Brake friction materials are used to create friction in the tyres to stop or reduce the speed of the vehicle. Drum brakes and disc brakes are two types of brakes that fitted in every vehicle. The brake linings in drum brakes and the brake pads in disc brakes are the main components that create friction between the brakes and the tyres of the vehicle. The automotive brake friction material market is expected to rise in the forecast period owing to the rapid growth in the sales and production of vehicles.

Moreover, urbanization, high demographic rate, improved standard of living, and rise in the disposable income of people are contributing to the surge in demand for automobiles across the world. The commercial vehicles require more brakes as compared to passenger cars. Furthermore, increasing industrialization and its positive impact on the logistics sector is leading to an increase in demand for heavy commercial vehicles. The improvement in the road infrastructure, expansion in the road connectivity, and rise in the prices of fuels are positively impacting the growth of the public transport vehicle market across the globe. Globally, the rising number of road accidents is imposing the government to take stringent actions and implement various safety regulations on automotive manufacturers. This is propelling the growth of the brake friction material market.

Globally, the increasing number of sales and production of automotive is leading to the growth of the brake friction material market. The wear and tear of brake lining and brake pads owed to constant friction are creating demand for the brake friction material. On the contrary, the friction creates enormous heat that causes the loss of mechanical properties of the vehicle’s components. This factor may hamper the growth of brake friction materials.

Geographically, the automotive OEM brakes friction material market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America holds the largest market share of the global automotive brake friction material market and is expected to increase in the forecast period owing to the high rate of commercial vehicles in this region. Moreover, stringent government norms imposed on the OEMs to manufacture vehicles with advance braking systems. North America is followed by Aisa Pacific in the automotive brake friction material market and is expected to increase rapidly in the forecast period. The rise in the disposable income of people, improved standard of living, and the growth of industrialization are eventually creating a surge in demand for passenger cars in this region. This factor is ultimately impacting the growth of the automotive brake friction material market in this region.  

Some of the prominent players in the Automotive OEM Market include:

• Toyota Motor Corporation.
• Volkswagen AG.
• Nissan.
• Honda Motor Co.
• Magna International Inc.
• Continental AG.
• CIE automotive.
• Siemens.
• BMW AG.
• Exide Industries limited.
• Denso Corp.
• Robert Bosch, GMbH.
• Valeo
• Aptiv
• Ford Motor Company.
• Mitsubishi Motors Corp.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Automotive OEM market.

By Components

• Powertrain
• Chassis
• Electronics and Electrical
• External Body
• Car Interiors

By Vehicle Type

• Commercial vehicles
• Passenger cars
• Electric cars

By Distribution Channel 

• Retailers
• Wholesalers
• Distributors

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)