India Automotive Brake Linings Market Shipment Analysis
India Automotive Brake Linings Market registered a decline of -19.59% in value shipments in 2022 as compared to 2021 and a decrease of -2.29% CAGR in 2022 over a period of 2017. In Automotive Brake Linings Market India is becoming more competitive as the HHI index in 2022 was 1380 while in 2017 it was 2039. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Automotive Brake Linings Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Automotive Brake Linings Market in 2022 was 0.1 while in 2017 it was 0.17. Germany, China, United Kingdom, Rep. of Korea and Hungary were among the top players of the market in 2022, where Germany acquired the largest market share of 24.39% with a shipment value of 1.44 million USD in 2022 Germany also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Automotive Brake Linings Market. In 2017 Japan had the largest market share of 36.82% with the shipment value of 3.11 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Japan offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Automotive Brake Linings Market in 2017.
