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The global brake pad market, which was valued at $3.80 billion in 2023, is anticipated to rise at a CAGR of 6.6% from 2023 to 2030, reaching $6.50 billion. Through friction, brake pads convert a vehicle's kinetic energy into heat energy. Inside the brake, two brake pads are positioned with their friction surfaces toward the rotor. When hydraulic brakes are applied to slow down and stop the car, the caliper binds the two brake pads against the revolving rotor.
Due to minute amounts of friction material from the brake pad being transferred onto the disc when it heats up in contact with the rotor, the brake disc keeps a dull gray covering. The car comes to a stop as a result of friction that the friction material creates between the brake pad and brake disc. The global sector is being supported, claims a study on the brake pad market, by the surge in demand for modern, lightweight friction materials like ceramics and organic composites made without asbestos.
The term "brake pads" refers to a crucial component of an automobile's disc braking system. These are used in automotive applications and other areas. They are attached to the brake caliper and help transform the kinetic energy of the moving object into thermal energy. When the brake pedal is used, the brake pads push against the spinning disc to halt the car. The materials used to make the pads have a high coefficient of friction.
One of the key reasons propelling the growth of the brake pad market is the rise in demand for enhanced friction materials and low weight products. The demand for cutting-edge materials, such as non-asbestos organic composites and ceramics, is increasing as friction between wheels and brake pads causes temperature to rise, which affects the brake system's operation and spurs the growth of the brake pad market. Further influencing the brake pad market are the implementation of strict government rules pertaining to temperature limitations and an increase in the use of the pads due to their numerous qualities, such as low noise characteristics and a steady coefficient of friction. The brake pad market is also positively impacted by growing vehicle production and sales, integration of cutting-edge technology, and rising consumer desire for environmentally friendly automobiles. Additionally, during the projection period of 2021 to 2028, the expansion of innovative manufacturing technologies offers lucrative prospects to the market's players in brake pads.
Different technologies, including ABS (Anti-lock braking system) and autonomous braking systems, have become standard features in the majority of new vehicles as safety awareness among automotive consumers and government agencies rises. The market for vehicle brake pads is expanding more quickly as a result of these innovations. In recent years, a number of new companies have joined the brake pad market with the goal of introducing high performance and high-quality friction materials using cutting-edge development and manufacturing techniques. Manufacturers concentrate on creating high temperature brake pads that are dependable and robust. To assure supply stability and maintain their market dominance, producers of brake pads for the automotive industry enter into long-term supply agreements with automakers.
Market segments for automobile brake pads include material, location, vehicle type, sales channel, and region. The brake pad market has been divided into semi-metallic, non-asbestos organic, low metallic NAO, and ceramic categories based on material. The market has been divided into front and front and rear based on position. The market has been divided into two-wheelers, passenger automobiles, light commercial vehicles, and heavy commercial vehicles based on the type of vehicle they are. The automobile brake pad market has been split into OEM (original equipment manufacturer) and aftermarket segments based on sales channel. The brake pad market has been examined in each of the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Report Coverage
Global Brake Pad research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Brake Pad report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Brake Pad competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Brake Pad market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Brake Pad market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Brake Pad market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Wilwood Engineering, Inc., Robert Bosch GmbH, ADVICS Co., Delphi Technologies (BorgWarner Inc. ), Continental AG, Ltd., ITT Inc., A.T.E. Private Limited, Brembo S.p.A., EBC Brakes, ICER BRAKES S.A., Nisshinbo Holdings Inc., J. Wagner GmbH, Showa Denko Materials Co., Ltd., Hawk Performance, Hunan BoYun Automobile Brake Materials Co., Ltd., Sangsin Brake Co., Ltd., KFE Brake Systems, Brakewel Automotive Components India Private Limited., TMD FRICTION HOLDINGS GMBH, GUD Holdings Limited, Sundaram Brake Linings Ltd, CENTRIC PARTS., Ford Motor Company, Allied Nippon, Tenneco Inc., ZF Friedrichshafen AG, MAT Holding, Inc., Rane Brake Lining Limited, Akebono Brake Corporation among other domestic and global players.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Brake Pad market based on the below-mentioned segments:
Global Brake Pad Market, By Vehicle Type
Two Wheelers
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Global Brake Pad market, By Material
Low Metallic NAO
Ceramic
Semi Metallic
Non Asbestos Organic
Global Brake Pad Market, By Position
Front
Front and Rear
Global Brake Pad market, Regional Analysis
Due to minute amounts of friction material from the brake pad being transferred onto the disc when it heats up in contact with the rotor, the brake disc keeps a dull gray covering. The car comes to a stop as a result of friction that the friction material creates between the brake pad and brake disc. The global sector is being supported, claims a study on the brake pad market, by the surge in demand for modern, lightweight friction materials like ceramics and organic composites made without asbestos.
The term "brake pads" refers to a crucial component of an automobile's disc braking system. These are used in automotive applications and other areas. They are attached to the brake caliper and help transform the kinetic energy of the moving object into thermal energy. When the brake pedal is used, the brake pads push against the spinning disc to halt the car. The materials used to make the pads have a high coefficient of friction.
One of the key reasons propelling the growth of the brake pad market is the rise in demand for enhanced friction materials and low weight products. The demand for cutting-edge materials, such as non-asbestos organic composites and ceramics, is increasing as friction between wheels and brake pads causes temperature to rise, which affects the brake system's operation and spurs the growth of the brake pad market. Further influencing the brake pad market are the implementation of strict government rules pertaining to temperature limitations and an increase in the use of the pads due to their numerous qualities, such as low noise characteristics and a steady coefficient of friction. The brake pad market is also positively impacted by growing vehicle production and sales, integration of cutting-edge technology, and rising consumer desire for environmentally friendly automobiles. Additionally, during the projection period of 2021 to 2028, the expansion of innovative manufacturing technologies offers lucrative prospects to the market's players in brake pads.
Different technologies, including ABS (Anti-lock braking system) and autonomous braking systems, have become standard features in the majority of new vehicles as safety awareness among automotive consumers and government agencies rises. The market for vehicle brake pads is expanding more quickly as a result of these innovations. In recent years, a number of new companies have joined the brake pad market with the goal of introducing high performance and high-quality friction materials using cutting-edge development and manufacturing techniques. Manufacturers concentrate on creating high temperature brake pads that are dependable and robust. To assure supply stability and maintain their market dominance, producers of brake pads for the automotive industry enter into long-term supply agreements with automakers.
Market segments for automobile brake pads include material, location, vehicle type, sales channel, and region. The brake pad market has been divided into semi-metallic, non-asbestos organic, low metallic NAO, and ceramic categories based on material. The market has been divided into front and front and rear based on position. The market has been divided into two-wheelers, passenger automobiles, light commercial vehicles, and heavy commercial vehicles based on the type of vehicle they are. The automobile brake pad market has been split into OEM (original equipment manufacturer) and aftermarket segments based on sales channel. The brake pad market has been examined in each of the following regions: North America, Europe, Asia-Pacific, and LAMEA.
Report Coverage
Global Brake Pad research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Brake Pad report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Brake Pad competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Brake Pad market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Wilwood Engineering, Inc., Robert Bosch GmbH, ADVICS Co., Delphi Technologies (BorgWarner Inc. ), Continental AG, Ltd., ITT Inc., A.T.E. Private Limited, Brembo S.p.A., EBC Brakes, ICER BRAKES S.A., Nisshinbo Holdings Inc., J. Wagner GmbH, Showa Denko Materials Co., Ltd., Hawk Performance, Hunan BoYun Automobile Brake Materials Co., Ltd., Sangsin Brake Co., Ltd., KFE Brake Systems, Brakewel Automotive Components India Private Limited., TMD FRICTION HOLDINGS GMBH, GUD Holdings Limited, Sundaram Brake Linings Ltd, CENTRIC PARTS., Ford Motor Company, Allied Nippon, Tenneco Inc., ZF Friedrichshafen AG, MAT Holding, Inc., Rane Brake Lining Limited, Akebono Brake Corporation among other domestic and global players. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Brake Pad Market from 2021 to 2030.
- Market Forecast for Brake Pad Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Brake Pad competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Brake Pad
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Brake Pad market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Brake Pad market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Wilwood Engineering, Inc., Robert Bosch GmbH, ADVICS Co., Delphi Technologies (BorgWarner Inc. ), Continental AG, Ltd., ITT Inc., A.T.E. Private Limited, Brembo S.p.A., EBC Brakes, ICER BRAKES S.A., Nisshinbo Holdings Inc., J. Wagner GmbH, Showa Denko Materials Co., Ltd., Hawk Performance, Hunan BoYun Automobile Brake Materials Co., Ltd., Sangsin Brake Co., Ltd., KFE Brake Systems, Brakewel Automotive Components India Private Limited., TMD FRICTION HOLDINGS GMBH, GUD Holdings Limited, Sundaram Brake Linings Ltd, CENTRIC PARTS., Ford Motor Company, Allied Nippon, Tenneco Inc., ZF Friedrichshafen AG, MAT Holding, Inc., Rane Brake Lining Limited, Akebono Brake Corporation among other domestic and global players.
Primary Target Market
- Market Players of Brake Pad
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Brake Pad market based on the below-mentioned segments:
Global Brake Pad Market, By Vehicle Type
Two Wheelers
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Global Brake Pad market, By Material
Low Metallic NAO
Ceramic
Semi Metallic
Non Asbestos Organic
Global Brake Pad Market, By Position
Front
Front and Rear
Global Brake Pad market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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