sales@reportocean.com (Bussiness Sales)
+18882123539 (Us - Toll Free)
+919997112116 (Rest Of World)
Global Automotive Brake Pad Market Size Study, by Sales Channel, by Material, by Position, by Vehicle Type, and Regional Forecasts 2024-2032

Global Automotive Brake Pad Market Size Study, by Sales Channel,...

Home / Categories / Automotive
Global Automotive Brake Pad Market Size Study, by Sales Channel, by Material, by Position, by Vehicle Type, and Regional Forecasts 2024-2032
Global Automotive Brake Pad Market...
Report Code
RO10/103/1708

Publish Date
06/Nov/2024

Pages
200
PRICE
$ 1800/-
This is a single user license, allowing one specific user access to the product. The product is a PDF.
$ 2350/-
This is a 1-5 user license, allowing up to five users have access to the product. The product is a PDF.
$ 2850/-
This is an enterprise license, allowing all employees within your organization access to the product. The product is a PDF..
Global Automotive Brake Pad Market was valued at approximately USD 3.8 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.6% over the forecast period 2024-2032. Brake pads are crucial friction components in automotive braking systems, playing a vital role in reducing vehicle speed and ensuring overall safety and control. These components are fabricated from diverse materials such as metallic, ceramic, and organic compounds, each with specific attributes regarding performance, longevity, and noise reduction. With the growing integration of disc brakes in passenger and commercial vehicles for enhanced braking performance, the demand for superior brake pad materials continues to rise. This evolution is driving significant market expansion.

The Global Automotive Brake Pad Market growth trajectory is the surging global production of vehicles and the increased focus on performance-enhancing, durable automotive components. Stricter regulatory mandates surrounding vehicle safety standards are further fueling demand for advanced brake pad solutions. Additionally, rising raw material prices and the relatively higher costs of premium brake pads present obstacles to market growth. Despite these challenges, numerous opportunities are emerging. The accelerating adoption of electric vehicles (EVs), which necessitate specialized braking systems, and the push for eco-friendly, sustainable brake pad technologies are fostering long-term market potential.

The key regions considered for the market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, the market is witnessing dominance from the Asia-Pacific region, largely due to its vast automotive manufacturing infrastructure, particularly in key markets such as China, Japan, and India. Rapid economic growth and increasing vehicle ownership are pivotal in driving demand for automotive components in the region. Conversely, North America is projected to register the highest growth rate in the coming years, propelled by advancements in braking technology, increased adoption of electric vehicles, and stringent safety regulations.

Major market players profiled in the report include

ZF Friedrichshafen AG

Brembo S.p.A

Robert Bosch GmbH

EBC Brakes

Continental AG

Delphi Technologies (BorgWarner Inc.)

Akebono Brake Industry Co Ltd

Nisshinbo Brake Inc.

Tenneco Inc.

ITT Inc.

ADVICS Co., Ltd.

Brake Parts Inc

The detailed segments and sub-segments of the market are explained below:
By Sales Channel:
OEM
Aftermarket
By Material:
Low Metallic NAO
Ceramic
Semi Metallic
Non Asbestos Organic
By Position:
Front
Front and Rear
By Vehicle Type:
Two Wheelers
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By Region:
North America:
U.S.
Canada
Europe:
UK
Germany
France
Spain
Italy
ROE
Asia Pacific:
China
India
Japan
Australia
South Korea
RoAPAC
Latin America:
Brazil
Mexico
Middle East & Africa:
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

OUR CLIENTS

500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
+18882123539
sales@reportocean.com