Global Brake Pads Market Overview

Global Brake Pads Market was valued at USD 9.12 Billion in 2021 and is expected to reach USD 15.4 Billion by the year 2028, at a CAGR of 4.8%.

Brake pads are a component of disc brakes used in automobiles and other applications. Brake pads are made up of steel pads with a friction material bonded to the contact surface of the rotors of the brake disc. Brake pads convert the vehicle's kinetic energy into heat through friction. The two brake pads are contained within the brake with their friction surface facing the rotor. When braking hydraulically, the caliper clamps or squeezes two spacers together on the rotating rotor to slow the vehicle down and come to a complete stop. As the brake pad heats up from contact with the rotor, it transfers a small amount of its friction material to the disc, leaving a matte gray coating on it. The brake disc and the disc (both now with friction material) then "stick" together, creating friction to bring the car to a stop. In disc brakes, there are usually two brake pads on each disc rotor. Brake pads, in general, need to be replaced regularly (depending on the pad material) to prevent the brake pads from fading. Most brake pads are equipped with a method to warn the driver when it is necessary to do so. A common technique is to make a small groove in the center whose eventual disappearance due to wear indicates the end of the gasket's life. Other methods involve placing a thin strip of soft metal in the groove so that when exposed (due to wear), the brake squeaks. A soft metal wear tab can also be implanted in the pad material that closes an electric circuit when the brake pad wears thin, lighting a dashboard warning light.

In addition, the system requires less effort to control the vehicle's speed, producing minimal noise and vibration. In addition, brake pads generate less heat than drum brakes. Low heat damages the disc-less, thus increasing its lifespan. The increase in demand for efficient braking at high speeds has led to the expansion of the brake pad market. As a result, the demand for brake pads is expected to soar and drive the automotive brake pads market in the future. Amid the COVID19 crisis, the Global Brake Pads Market estimated at USD 11.1 Billion in 2021 is expected to reach an adjusted size of USD 15.4 Billion by 2028, at a growing rate CAGR growth is 4.8% for the analyzed period 2021-2028.

Brake Pads Market

Market Dynamics And Factors For Brake Pads Market

Drivers:

3D Printing Promises to Address Key Conventional Promises to Drive Growth

Automotive brake pads, given the small size of their parts, remain a complex task for traditional production that values ​​mass production. However, new 3D printing or additive manufacturing technology holds the promise of delivering rapid prototypes with great cost reduction benefits. In addition to reducing costs, the technology also promises to reduce heat, which is often the cause of brake system failures. According to NHTSA, advances in technology have reduced vehicle downtime by about 30%. In addition, technologies such as 3D printing are also paving the way for better brake pads for racing cars and promising a niche market for electric car brands, the competition is likely to become fiercer as more and more car manufacturers grow. slightly hit the electric vehicle market. The 3D printed brake systems also promise to be more lightweight, making way for advanced braking systems to reduce weight, and subsequently, fuel usage.

The rising GDP of the world's population has boosted their disposable income, which in turn has boosted car sales. This increase in global vehicle sales has boosted the brake pad market. Increasing safety awareness among vehicle consumers as well as government agencies has prompted the integration of various technologies, such as ABS and EBD, as a standard feature in most vehicles. new car. These technologies accelerate the wear of brake pads, thus driving the global brake pad market. The development of industrialization across the continents has promoted commercial activities, thereby increasing the number of kilometers traveled by commercial means of transport. The increase in the number of kilometers traveled by vehicles leads to high wear of brake pads and leads to an increase in the global brake pad market.

Restraints:

The recent outbreak of the COVID-19 pandemic has hampered the majority of businesses worldwide, as manufacturing and manufacturing operations have been forced to shut down. This caused the global economy to shrink at its lowest growth rate. Disruptions to the auto supply chain have hampered vehicle production. In addition, the demand for new vehicles has decreased as people do not spend money on non-essential goods and services. The growing popularity of electric vehicles equipped with regenerative braking systems is reducing the use of friction brakes, thereby reducing brake pad wear and thus reducing aftermarket demand.

Opportunities:

Continuous advancements in braking systems and the development of organic fibers such as palm kernel shells to meet emissions regulations are expected to bring investment opportunities to the market.

Market Segmentation

Segmentation Analysis of Brake Pads Market:

Based on the material type, the non-asbestos organic segment is expected to dominate the brake pads market during the forecast period. Most new cars sold in the United States are equipped with the manufacturer's organic brake pads. These pads are also known as non-asbestos organic (or NAO) pads. They were developed to replace the asbestos sheets used many years ago. Although some vehicles come from the factory with other types of brake pads, when someone refers to OEM brake pads, they usually mean organic pads. Organic brake pads are made from materials like glass, fiber, rubber, carbon, and even Kevlar mixed with resin to hold them together. Organic brake pads are often the cheapest option when brake repair is needed. They're relatively "soft", smooth, and gentle on your brakes, and they're a good choice for everyday driving. However, asbestos has a good ingredient for manufacturing brake pads, but it is harmful to health. Risks when using asbestos brake pads, after pressing the brake pedal to stop the vehicle, soot from the brake pads will stick to the wheel, soil fibers can fly into the vehicle. Perhaps the most common brake pad, the semi-metallic style is composed of 30-65% metal. Additional materials may include steel wool, wire, and copper, among others.

Based on the vehicle type, the commercial vehicle segment is anticipated to hold the maximum brake pads market share during the forecast period. Commercial cars have the largest market share of around 43% globally thanks to an increase in demand and concurrent production, as well as the effective adoption of vehicle brakes. According to OICA, automobiles in the brake pad market in 2020 account for about 3.8 billion USD due to the increasing demand for automobiles and the increasing supply of raw materials. Commercial vehicles represent a major market segment with a market share of approximately 29% due to the increase in research and development of heavy-duty brake pads and the rise of the transportation industry globally.

Based on the distribution channel, the Aftermarket segment is expected to hold the maximum brake pads market during the forecast period. Aftermarket components include any options you may install that are not made by your vehicle's original manufacturer. Aftermarket parts are widely available and sold at many auto parts retailers, so they are more widely accessible than OEM parts.

Regional Analysis of Brake Pads Market:

North America is expected to become dominant in terms of automotive brake pads market share. Strong sales and growing vehicle output are expected to drive growth. Furthermore, manufacturers invest heavily in research and development to produce advanced automotive brake pads. They focused on reducing brake pad size and improving heat dissipation. Hence, upcoming product developments and innovations are expected to drive the growth of the market.

Europe is expected to rank second in the global market. Growing demand for passenger vehicles is expected to be the main driver of growth in the coming years. In addition, strict rules and regulations regarding vehicle safety are expected to increase the growth of the market.

The Asia-Pacific region promises strong growth in automotive systems as features and luxury remain central to most consumers looking to improve their social status. in traditional societies. Growing demand for luxury goods in the Asia Pacific increased investment in automotive technology and widespread electrical infrastructure, and changing consumer demand will lead to significant growth. of the brake pad market shortly.

Players Covered in Brake Pads Market are:

  • ASIMCO
  • Brembo S.p.A.
  • ACDelco
  • Akebono Brake Industry Co. Ltd.
  • Allied-Nippon Limited
  • ATE. Bosch Auto Parts
  • Brakes India Pvt. Ltd.
  • Brakewel Automotive Components India Pvt. Ltd.
  • Rane Brake Lining Limited
  • G.U.D Holdings
  • Sundaram Brake Linings
  • Hindustan Composites Limited
  • Makino Auto Industries Pvt. Ltd
  • MAT Holdings
  • AISIN SEIKI Co. Ltd.
  • Nisshinbo Group Company
  • Ranbro
  • AVS BRAKE LININGS Private Limited
  • Brakes India Limited
  • Brake Parts Inc.
  • STEINHOF
  • ASK Automotive Pvt. Ltd.
  • Tenneco Inc
  • BSK Auto Industries
  • TMD
  • ZF Friedrichshafen and others major players.

COVID-19 Impact on Brake Pads Market

The COVID19 crisis has had a rapid and serious impact on the global integrated automotive industry. Symptoms include a suspension of parts exports from China, a major suspension of products throughout Europe, and the closure of US assembly plants. This could put serious pressure on industries that are already coping with the slowdown in global demand and lead to increased M & A activity. After recovering from the economic downturn in the spring of 2020, new car sales have been increasing every year in China, Europe, and the United States in recent months. In addition, global trade activity has been significantly reduced by national blockades, border blockades, and strict social distance measures. This has had a huge impact on the global economy, as businesses around the world were forced to completely or partially close their operations, leading to a disruption in the supply-demand ratio. Additionally, in 2021, several key markets such as the United States, India, and Brazil, among others, experienced a second wave of COVID19 resulting in continued market disruption. However, it is expected that when a business resumes, the market will see steady growth in demand in the coming years. The impact of COVID19 on market demand is taken into consideration when estimating the current market size and forecasting growth trends for all regions and countries.

Key Industry Developments In Brake Pads Market

  • In December 2021, Brembo has launched a new upgrade program around the world. The program includes a unique interface and style designed to give enthusiasts the best choice of braking components for high-performance vehicles. Brembo UPGRADE replaces OE products and takes customers' vehicles to the next level of braking performance. The UPGRADE product line includes the Sport, GT, and Pista product lines. Each has special braking characteristics and price levels.
  • In October 2021, Akebono Brake Industry Co., Ltd. declared that its products have been adopted as one of its vehicles by Lynk & Co, a luxury automobile brand of Geely Automobile Group headquartered in China. Akebono Brake supplies 4-piston disc brake calipers and copper-free disc brake pads to the front wheels of the 05+ model, a high-performance SUV. This is the first time that a Lynk & Co brand Akebono product has been used.

Global Brake Pads Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 9.12 Bn.

Forecast Period 2022-28 CAGR:

4.8%

Market Size in 2028:

USD 15.4 Bn.

Segments Covered:

By Type

  • Semi-Metallic
  • Non-Asbestos Organic
  • Low-Metallic Nao
  • Ceramic

By  Vehicle

  • Two-Wheeler Vehicle
  • Passenger Vehicle
  • Commercial Vehicle
  • Off-Road Vehicle

By Distribution Channel

  • Original Equipment Manufacturer
  • Aftermarket

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • 3D Printing Promises to Address Key Conventional Promises to Drive Growth

Key Market Restraints:

  • Disruption In the Auto Supply Chain

Key Opportunities:

  • Continuous Advancements in Braking Systems

Companies Covered in the report:

  • ASIMCO, Brembo S.p.A., ACDelco, Akebono Brake Industry Co. Ltd., Allied-Nippon Limited, and Other Major Players

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Vehicle
 3.3 By Distribution Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Brake Pads Market by Type
 5.1 Brake Pads Market Overview Snapshot and Growth Engine
 5.2 Brake Pads Market Overview
 5.3 Semi-Metallic
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Semi-Metallic: Grographic Segmentation
 5.4 Non-Asbestos Organic
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Non-Asbestos Organic: Grographic Segmentation
 5.5 Low-Metallic Nao
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Low-Metallic Nao: Grographic Segmentation
 5.6 Ceramic
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Ceramic: Grographic Segmentation

Chapter 6: Brake Pads Market by Vehicle
 6.1 Brake Pads Market Overview Snapshot and Growth Engine
 6.2 Brake Pads Market Overview
 6.3 Two-Wheeler Vehicle
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Two-Wheeler Vehicle: Grographic Segmentation
 6.4 Passenger Vehicle
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Passenger Vehicle: Grographic Segmentation
 6.5 Commercial Vehicle
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Commercial Vehicle: Grographic Segmentation
 6.6 Off-Road Vehicle
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Off-Road Vehicle: Grographic Segmentation

Chapter 7: Brake Pads Market by Distribution Channel
 7.1 Brake Pads Market Overview Snapshot and Growth Engine
 7.2 Brake Pads Market Overview
 7.3 Original Equipment Manufacturer
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Original Equipment Manufacturer: Grographic Segmentation
 7.4 Aftermarket
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Aftermarket: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Brake Pads Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Brake Pads Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Brake Pads Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 ASIMCO
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 BREMBO S.P.A.
 8.4 ACDELCO
 8.5 AKEBONO BRAKE INDUSTRY CO. LTD.
 8.6 ALLIED-NIPPON LIMITED
 8.7 ATE. BOSCH AUTO PARTS
 8.8 BRAKES INDIA PVT. LTD.
 8.9 BRAKEWEL AUTOMOTIVE COMPONENTS INDIA PVT. LTD.
 8.10 RANE BRAKE LINING LIMITED
 8.11 G.U.D HOLDINGS
 8.12 SUNDARAM BRAKE LININGS
 8.13 HINDUSTAN COMPOSITES LIMITED
 8.14 MAKINO AUTO INDUSTRIES PVT. LTD
 8.15 MAT HOLDINGS
 8.16 AISIN SEIKI CO. LTD.
 8.17 NISSHINBO GROUP COMPANY
 8.18 RANBRO
 8.19 AVS BRAKE LININGS PRIVATE LIMITED
 8.20 BRAKES INDIA LIMITED
 8.21 BRAKE PARTS INC.
 8.22 STEINHOF
 8.23 ASK AUTOMOTIVE PVT. LTD.
 8.24 TENNECO INC.
 8.25 BSK AUTO INDUSTRIES
 8.26 TMD
 8.27 ZF FRIEDRICHSHAFEN
 8.28 OTHER MAJOR PLAYERS

Chapter 9: Global Brake Pads Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Semi-Metallic
  9.2.2 Non-Asbestos Organic
  9.2.3 Low-Metallic Nao
  9.2.4 Ceramic
 9.3 Historic and Forecasted Market Size By Vehicle
  9.3.1 Two-Wheeler Vehicle
  9.3.2 Passenger Vehicle
  9.3.3 Commercial Vehicle
  9.3.4 Off-Road Vehicle
 9.4 Historic and Forecasted Market Size By Distribution Channel
  9.4.1 Original Equipment Manufacturer
  9.4.2 Aftermarket

Chapter 10: North America Brake Pads Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Semi-Metallic
  10.4.2 Non-Asbestos Organic
  10.4.3 Low-Metallic Nao
  10.4.4 Ceramic
 10.5 Historic and Forecasted Market Size By Vehicle
  10.5.1 Two-Wheeler Vehicle
  10.5.2 Passenger Vehicle
  10.5.3 Commercial Vehicle
  10.5.4 Off-Road Vehicle
 10.6 Historic and Forecasted Market Size By Distribution Channel
  10.6.1 Original Equipment Manufacturer
  10.6.2 Aftermarket
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Brake Pads Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Semi-Metallic
  11.4.2 Non-Asbestos Organic
  11.4.3 Low-Metallic Nao
  11.4.4 Ceramic
 11.5 Historic and Forecasted Market Size By Vehicle
  11.5.1 Two-Wheeler Vehicle
  11.5.2 Passenger Vehicle
  11.5.3 Commercial Vehicle
  11.5.4 Off-Road Vehicle
 11.6 Historic and Forecasted Market Size By Distribution Channel
  11.6.1 Original Equipment Manufacturer
  11.6.2 Aftermarket
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Brake Pads Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Semi-Metallic
  12.4.2 Non-Asbestos Organic
  12.4.3 Low-Metallic Nao
  12.4.4 Ceramic
 12.5 Historic and Forecasted Market Size By Vehicle
  12.5.1 Two-Wheeler Vehicle
  12.5.2 Passenger Vehicle
  12.5.3 Commercial Vehicle
  12.5.4 Off-Road Vehicle
 12.6 Historic and Forecasted Market Size By Distribution Channel
  12.6.1 Original Equipment Manufacturer
  12.6.2 Aftermarket
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Brake Pads Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Semi-Metallic
  13.4.2 Non-Asbestos Organic
  13.4.3 Low-Metallic Nao
  13.4.4 Ceramic
 13.5 Historic and Forecasted Market Size By Vehicle
  13.5.1 Two-Wheeler Vehicle
  13.5.2 Passenger Vehicle
  13.5.3 Commercial Vehicle
  13.5.4 Off-Road Vehicle
 13.6 Historic and Forecasted Market Size By Distribution Channel
  13.6.1 Original Equipment Manufacturer
  13.6.2 Aftermarket
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Brake Pads Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Semi-Metallic
  14.4.2 Non-Asbestos Organic
  14.4.3 Low-Metallic Nao
  14.4.4 Ceramic
 14.5 Historic and Forecasted Market Size By Vehicle
  14.5.1 Two-Wheeler Vehicle
  14.5.2 Passenger Vehicle
  14.5.3 Commercial Vehicle
  14.5.4 Off-Road Vehicle
 14.6 Historic and Forecasted Market Size By Distribution Channel
  14.6.1 Original Equipment Manufacturer
  14.6.2 Aftermarket
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Brake Pads Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 9.12 Bn.

Forecast Period 2022-28 CAGR:

4.8%

Market Size in 2028:

USD 15.4 Bn.

Segments Covered:

By Type

  • Semi-Metallic
  • Non-Asbestos Organic
  • Low-Metallic Nao
  • Ceramic

By  Vehicle

  • Two-Wheeler Vehicle
  • Passenger Vehicle
  • Commercial Vehicle
  • Off-Road Vehicle

By Distribution Channel

  • Original Equipment Manufacturer
  • Aftermarket

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • 3D Printing Promises to Address Key Conventional Promises to Drive Growth

Key Market Restraints:

  • Disruption In the Auto Supply Chain

Key Opportunities:

  • Continuous Advancements in Braking Systems

Companies Covered in the report:

  • ASIMCO, Brembo S.p.A., ACDelco, Akebono Brake Industry Co. Ltd., Allied-Nippon Limited, and Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. BRAKE PADS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. BRAKE PADS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. BRAKE PADS MARKET COMPETITIVE RIVALRY
TABLE 005. BRAKE PADS MARKET THREAT OF NEW ENTRANTS
TABLE 006. BRAKE PADS MARKET THREAT OF SUBSTITUTES
TABLE 007. BRAKE PADS MARKET BY TYPE
TABLE 008. SEMI-METALLIC MARKET OVERVIEW (2016-2028)
TABLE 009. NON-ASBESTOS ORGANIC MARKET OVERVIEW (2016-2028)
TABLE 010. LOW-METALLIC NAO MARKET OVERVIEW (2016-2028)
TABLE 011. CERAMIC MARKET OVERVIEW (2016-2028)
TABLE 012. BRAKE PADS MARKET BY VEHICLE
TABLE 013. TWO-WHEELER VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 014. PASSENGER VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 015. COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 016. OFF-ROAD VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 017. BRAKE PADS MARKET BY DISTRIBUTION CHANNEL
TABLE 018. ORIGINAL EQUIPMENT MANUFACTURER MARKET OVERVIEW (2016-2028)
TABLE 019. AFTERMARKET MARKET OVERVIEW (2016-2028)
TABLE 020. NORTH AMERICA BRAKE PADS MARKET, BY TYPE (2016-2028)
TABLE 021. NORTH AMERICA BRAKE PADS MARKET, BY VEHICLE (2016-2028)
TABLE 022. NORTH AMERICA BRAKE PADS MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 023. N BRAKE PADS MARKET, BY COUNTRY (2016-2028)
TABLE 024. EUROPE BRAKE PADS MARKET, BY TYPE (2016-2028)
TABLE 025. EUROPE BRAKE PADS MARKET, BY VEHICLE (2016-2028)
TABLE 026. EUROPE BRAKE PADS MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 027. BRAKE PADS MARKET, BY COUNTRY (2016-2028)
TABLE 028. ASIA PACIFIC BRAKE PADS MARKET, BY TYPE (2016-2028)
TABLE 029. ASIA PACIFIC BRAKE PADS MARKET, BY VEHICLE (2016-2028)
TABLE 030. ASIA PACIFIC BRAKE PADS MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 031. BRAKE PADS MARKET, BY COUNTRY (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA BRAKE PADS MARKET, BY TYPE (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA BRAKE PADS MARKET, BY VEHICLE (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA BRAKE PADS MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 035. BRAKE PADS MARKET, BY COUNTRY (2016-2028)
TABLE 036. SOUTH AMERICA BRAKE PADS MARKET, BY TYPE (2016-2028)
TABLE 037. SOUTH AMERICA BRAKE PADS MARKET, BY VEHICLE (2016-2028)
TABLE 038. SOUTH AMERICA BRAKE PADS MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 039. BRAKE PADS MARKET, BY COUNTRY (2016-2028)
TABLE 040. ASIMCO: SNAPSHOT
TABLE 041. ASIMCO: BUSINESS PERFORMANCE
TABLE 042. ASIMCO: PRODUCT PORTFOLIO
TABLE 043. ASIMCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. BREMBO S.P.A.: SNAPSHOT
TABLE 044. BREMBO S.P.A.: BUSINESS PERFORMANCE
TABLE 045. BREMBO S.P.A.: PRODUCT PORTFOLIO
TABLE 046. BREMBO S.P.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. ACDELCO: SNAPSHOT
TABLE 047. ACDELCO: BUSINESS PERFORMANCE
TABLE 048. ACDELCO: PRODUCT PORTFOLIO
TABLE 049. ACDELCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. AKEBONO BRAKE INDUSTRY CO. LTD.: SNAPSHOT
TABLE 050. AKEBONO BRAKE INDUSTRY CO. LTD.: BUSINESS PERFORMANCE
TABLE 051. AKEBONO BRAKE INDUSTRY CO. LTD.: PRODUCT PORTFOLIO
TABLE 052. AKEBONO BRAKE INDUSTRY CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. ALLIED-NIPPON LIMITED: SNAPSHOT
TABLE 053. ALLIED-NIPPON LIMITED: BUSINESS PERFORMANCE
TABLE 054. ALLIED-NIPPON LIMITED: PRODUCT PORTFOLIO
TABLE 055. ALLIED-NIPPON LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. ATE. BOSCH AUTO PARTS: SNAPSHOT
TABLE 056. ATE. BOSCH AUTO PARTS: BUSINESS PERFORMANCE
TABLE 057. ATE. BOSCH AUTO PARTS: PRODUCT PORTFOLIO
TABLE 058. ATE. BOSCH AUTO PARTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. BRAKES INDIA PVT. LTD.: SNAPSHOT
TABLE 059. BRAKES INDIA PVT. LTD.: BUSINESS PERFORMANCE
TABLE 060. BRAKES INDIA PVT. LTD.: PRODUCT PORTFOLIO
TABLE 061. BRAKES INDIA PVT. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. BRAKEWEL AUTOMOTIVE COMPONENTS INDIA PVT. LTD.: SNAPSHOT
TABLE 062. BRAKEWEL AUTOMOTIVE COMPONENTS INDIA PVT. LTD.: BUSINESS PERFORMANCE
TABLE 063. BRAKEWEL AUTOMOTIVE COMPONENTS INDIA PVT. LTD.: PRODUCT PORTFOLIO
TABLE 064. BRAKEWEL AUTOMOTIVE COMPONENTS INDIA PVT. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. RANE BRAKE LINING LIMITED: SNAPSHOT
TABLE 065. RANE BRAKE LINING LIMITED: BUSINESS PERFORMANCE
TABLE 066. RANE BRAKE LINING LIMITED: PRODUCT PORTFOLIO
TABLE 067. RANE BRAKE LINING LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. G.U.D HOLDINGS: SNAPSHOT
TABLE 068. G.U.D HOLDINGS: BUSINESS PERFORMANCE
TABLE 069. G.U.D HOLDINGS: PRODUCT PORTFOLIO
TABLE 070. G.U.D HOLDINGS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. SUNDARAM BRAKE LININGS: SNAPSHOT
TABLE 071. SUNDARAM BRAKE LININGS: BUSINESS PERFORMANCE
TABLE 072. SUNDARAM BRAKE LININGS: PRODUCT PORTFOLIO
TABLE 073. SUNDARAM BRAKE LININGS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. HINDUSTAN COMPOSITES LIMITED: SNAPSHOT
TABLE 074. HINDUSTAN COMPOSITES LIMITED: BUSINESS PERFORMANCE
TABLE 075. HINDUSTAN COMPOSITES LIMITED: PRODUCT PORTFOLIO
TABLE 076. HINDUSTAN COMPOSITES LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. MAKINO AUTO INDUSTRIES PVT. LTD: SNAPSHOT
TABLE 077. MAKINO AUTO INDUSTRIES PVT. LTD: BUSINESS PERFORMANCE
TABLE 078. MAKINO AUTO INDUSTRIES PVT. LTD: PRODUCT PORTFOLIO
TABLE 079. MAKINO AUTO INDUSTRIES PVT. LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. MAT HOLDINGS: SNAPSHOT
TABLE 080. MAT HOLDINGS: BUSINESS PERFORMANCE
TABLE 081. MAT HOLDINGS: PRODUCT PORTFOLIO
TABLE 082. MAT HOLDINGS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. AISIN SEIKI CO. LTD.: SNAPSHOT
TABLE 083. AISIN SEIKI CO. LTD.: BUSINESS PERFORMANCE
TABLE 084. AISIN SEIKI CO. LTD.: PRODUCT PORTFOLIO
TABLE 085. AISIN SEIKI CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. NISSHINBO GROUP COMPANY: SNAPSHOT
TABLE 086. NISSHINBO GROUP COMPANY: BUSINESS PERFORMANCE
TABLE 087. NISSHINBO GROUP COMPANY: PRODUCT PORTFOLIO
TABLE 088. NISSHINBO GROUP COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. RANBRO: SNAPSHOT
TABLE 089. RANBRO: BUSINESS PERFORMANCE
TABLE 090. RANBRO: PRODUCT PORTFOLIO
TABLE 091. RANBRO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. AVS BRAKE LININGS PRIVATE LIMITED: SNAPSHOT
TABLE 092. AVS BRAKE LININGS PRIVATE LIMITED: BUSINESS PERFORMANCE
TABLE 093. AVS BRAKE LININGS PRIVATE LIMITED: PRODUCT PORTFOLIO
TABLE 094. AVS BRAKE LININGS PRIVATE LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. BRAKES INDIA LIMITED: SNAPSHOT
TABLE 095. BRAKES INDIA LIMITED: BUSINESS PERFORMANCE
TABLE 096. BRAKES INDIA LIMITED: PRODUCT PORTFOLIO
TABLE 097. BRAKES INDIA LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. BRAKE PARTS INC.: SNAPSHOT
TABLE 098. BRAKE PARTS INC.: BUSINESS PERFORMANCE
TABLE 099. BRAKE PARTS INC.: PRODUCT PORTFOLIO
TABLE 100. BRAKE PARTS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. STEINHOF: SNAPSHOT
TABLE 101. STEINHOF: BUSINESS PERFORMANCE
TABLE 102. STEINHOF: PRODUCT PORTFOLIO
TABLE 103. STEINHOF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 103. ASK AUTOMOTIVE PVT. LTD.: SNAPSHOT
TABLE 104. ASK AUTOMOTIVE PVT. LTD.: BUSINESS PERFORMANCE
TABLE 105. ASK AUTOMOTIVE PVT. LTD.: PRODUCT PORTFOLIO
TABLE 106. ASK AUTOMOTIVE PVT. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 106. TENNECO INC.: SNAPSHOT
TABLE 107. TENNECO INC.: BUSINESS PERFORMANCE
TABLE 108. TENNECO INC.: PRODUCT PORTFOLIO
TABLE 109. TENNECO INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 109. BSK AUTO INDUSTRIES: SNAPSHOT
TABLE 110. BSK AUTO INDUSTRIES: BUSINESS PERFORMANCE
TABLE 111. BSK AUTO INDUSTRIES: PRODUCT PORTFOLIO
TABLE 112. BSK AUTO INDUSTRIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 112. TMD: SNAPSHOT
TABLE 113. TMD: BUSINESS PERFORMANCE
TABLE 114. TMD: PRODUCT PORTFOLIO
TABLE 115. TMD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 115. ZF FRIEDRICHSHAFEN: SNAPSHOT
TABLE 116. ZF FRIEDRICHSHAFEN: BUSINESS PERFORMANCE
TABLE 117. ZF FRIEDRICHSHAFEN: PRODUCT PORTFOLIO
TABLE 118. ZF FRIEDRICHSHAFEN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 118. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 119. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 120. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 121. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. BRAKE PADS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. BRAKE PADS MARKET OVERVIEW BY TYPE
FIGURE 012. SEMI-METALLIC MARKET OVERVIEW (2016-2028)
FIGURE 013. NON-ASBESTOS ORGANIC MARKET OVERVIEW (2016-2028)
FIGURE 014. LOW-METALLIC NAO MARKET OVERVIEW (2016-2028)
FIGURE 015. CERAMIC MARKET OVERVIEW (2016-2028)
FIGURE 016. BRAKE PADS MARKET OVERVIEW BY VEHICLE
FIGURE 017. TWO-WHEELER VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 018. PASSENGER VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 019. COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 020. OFF-ROAD VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 021. BRAKE PADS MARKET OVERVIEW BY DISTRIBUTION CHANNEL
FIGURE 022. ORIGINAL EQUIPMENT MANUFACTURER MARKET OVERVIEW (2016-2028)
FIGURE 023. AFTERMARKET MARKET OVERVIEW (2016-2028)
FIGURE 024. NORTH AMERICA BRAKE PADS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. EUROPE BRAKE PADS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. ASIA PACIFIC BRAKE PADS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. MIDDLE EAST & AFRICA BRAKE PADS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. SOUTH AMERICA BRAKE PADS MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Brake Pads Market research report?

The forecast period in the Brake Pads Market research report is 2022-2028.

Who are the key players in Brake Pads Market?

ASIMCO, Brembo S.p.A., ACDelco, Akebono Brake Industry Co. Ltd., Allied-Nippon Limited, ATE. Bosch Auto Parts, Brakes India Pvt. Ltd., Brakewel Automotive Components India Pvt. Ltd., Rane Brake Lining Limited, G.U.D Holdings,Sundaram Brake Linings, Hindustan Composites Limited, Makino Auto Industries Pvt. Ltd, MAT Holdings, AISIN SEIKI Co. Ltd., Nisshinbo Group Company, Ranbro, AVS BRAKE LININGS Private Limited, Brakes India Limited, Brake Parts Inc., STEINHOF,ASK Automotive Pvt. Ltd., Tenneco Inc, BSK Auto Industries, TMD, ZF Friedrichshafen, and Other Major Players.

What are the segments of Brake Pads Market?

Brake Pads Market is segmented into Type, Vehicle, Distribution Channel and region. By Type, the market is categorized into Semi-Metallic, Non-Asbestos Organic, Low-Metallic Nao, and Ceramic. By Vehicle, the market is categorized into Two-Wheeler Vehicle, Passenger Vehicle, Commercial Vehicle, and Off-Road Vehicle. By Distribution Channel, the market is categorized into Original Equipment Manufacturer, Aftermarket. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Brake Pads Market?

Brake pads are a component of disc brakes used in automobiles and other applications. Brake pads are made up of steel pads with a friction material bonded to the contact surface of the rotors of the brake disc. Brake pads convert the vehicle's kinetic energy into heat through friction.

How big is Brake Pads Market?

Global Brake Pads Market was valued at USD 9.12 Billion in 2021 and is expected to reach USD 15.4 Billion by the year 2028, at a CAGR of 4.8%.