Brake Pads are components of brake systems used in automotive and other applications. Brake pads are friction materials which bound to the surface that faces the brake rotor and take the brunt of the frictional force necessary to stop the car. In a disc brake system, the brake pedal activates a hydraulic line which squeezes the calipers against the rotors of the car's tires. Pads are positioned between the calipers and the rotors to absorb the energy and heat, and then provide enough grips to stop the car.
According to this study, the global Brake Pads market is valued at 10.34 Billion USD in 2017 and is expected to reach 11.61 Billion USD by the end of 2025, growing at a CAGR of 1.42% between 2017 and 2025.
As we can see from the past few years, the brake pads industry has developed rapidly for many years and the technology is mature. The key manufacturers mainly distribute in USA, Europe and Japan regions, where the automobile industry is quite developed. And the manufacturers? bases are located all over the world. Some key manufactures have their own brake pads brands, and manufactures brake pads products for the auto maker and the leading brake pad producers as OEM. The key OEM producer includes Federal Mogul, Bosch, ITT Corporation, TRW Automotive, Nisshinbo Group Company, and Akebono etc.
According to this study, over the next five years the Brake Pads market will register a 1.5% CAGR in terms of revenue, the global market size will reach USD 11300 million by 2024, from USD 10500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Brake Pads business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Brake Pads market by product type, application, key manufacturers and key regions and countries.
This study considers the Brake Pads value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Non-asbestos Organic Brake Pads
Semi Metallic Brake Pads
Low Metallic NAO Brake Pads
Ceramic Brake Pads
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
OEMs Market
Aftermarket
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
BOSCH
Federal Mogul
TRW
Nisshinbo Group Company
Akebono
MAT Holdings
Delphi Automotive
ITT Corporation
Sangsin Brake
Sumitomo
Hitachi Chemical
ATE
BREMBO
ADVICS
Acdelco
Brake Parts Inc
ICER
Fras-le
EBC Brakes
ABS Friction
Shandong Gold Phoenix
Shangdong xinyi
SAL-FER
Hunan BoYun
Double Link
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Brake Pads consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Brake Pads market by identifying its various subsegments.
Focuses on the key global Brake Pads manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Brake Pads with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Brake Pads submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
