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Global Automotive Brake Pad Market Size, Trends & Growth Opportunity, By Material (Semi Metallic, Non Asbestos Organic, Low Metallic NAO, and Ceramic), By Vehicle Type (Two Wheelers, Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Sales Channel (OEM and Aftermarket), By Region and Forecast till 2030.


Report ID : IR1002462 | Industries : Automotive and Transportation | Published On :July 2024 | Page Count : 208

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  • Global Automotive Brake Pad Market Size, Trends & Growth Opportunity, By Material (Semi Metallic, Non Asbestos Organic, Low Metallic NAO, and Ceramic), By Vehicle Type (Two Wheelers, Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Sales Channel (OEM and Aftermarket), By Region and Forecast till 2030.
    Global Automotive Brake Pad Market
    The Global Automotive Brake Pad Market is expected to grow from US$ 3.8 Billion in 2022 to US$ 6.5 Billion by 2030; it is estimated to grow at a CAGR of 6.94% from 2023-2030.

    Market Overview
    The parts of a car's braking system that create the friction required to stop the car are called brake pads. They are an essential component of automobile disc brakes. These brake pads press against the running disc when the brakes are applied, stopping the vehicle's motion and reducing its speed. The presence of brake pads in the brake calliper forces them up against the rotors, turning the kinetic energy of the vehicle into thermal energy.
    Market Drivers 
    The braking system is partly responsible for a vehicle's safety. It is critical to consider both the quality and longevity of the brake pads in order for the braking system to operate effectively. Hazardous asbestos has frequently been used as a raw material in the fabrication of brake pads. There has been an increase in demand for other organic brake pad substitutes such coconut fibre, bamboo fibre, wood or wheat flour, and shell powder. Natural fibres are used to manufacture environmentally friendly brake pads because they offer several advantages over synthetic fibres, such as low density, abundance, low cost, biodegradability, recyclable, renewable, and comparatively high strength & stiffness. As a result, the market for automotive brake pads would significantly grow during the projection period.
    Market Restraints
    Only a few number of significant automobile companies have been successful in developing new and novel brake pad materials because of the high initial investment necessary to develop such braking technology. Brake pads made of semi-metallic materials could cost more than organic ones. As a result, there is a significant need for dependable, affordable, and technically superior raw materials. As a result of the high development costs of brake pads, the expansion of the automotive brake pad market is anticipated to be restrained throughout the projection period.
    Impact of Covid-19
    The COVID-19 pandemic had a negative effect on the market in 2020 as a result of a suspension of manufacturing activity and supply chain disruptions brought on by worldwide limitations. However, after the pandemic, as the economy began to recover, demand began to pick up steam as a result of a considerable increase in car production and sales in important nations like the United States, China, India, and others.
    Market Segmentation
    Segmentation By Material: Global Automotive Brake Pad Market is segmented on the basis of Material Type into Semi Metallic, Non Asbestos Organic, Low Metallic NAO, and Ceramic.
    Segmentation By Vehicle Type: Global Automotive Brake Pad Market is segmented on the basis of Vehicle Type into Two Wheelers, Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles.
    Segmentation By Sales Channel: Global Automotive Brake Pad Market is segmented on the basis of Sales Channel into Original Equipment Manufacturer (OEM) and Aftermarket.
    Segmentation By Region: Global Automotive Brake Pad Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. 
    Market Key Players
    Various key players are discussed in this report such Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Akebono Brake Industry Co Ltd, ADVICS Co., Ltd., Brake Parts Inc., Brembo S.p.A, Delphi Technologies (BorgWarner Inc.), EBC Brakes, ITT Inc., Nisshinbo Brake Inc., Tenneco Inc.
    Key Developments
    • Brembo debuted their new Aftermarket line of brake pads for heavy-duty cars in April 2022. Additionally, the business has finished its replacement discs offer with fresh Co-Cast and Splined options developed specifically for these automobiles.
    Market Taxonomy
    By Material
    • Semi Metallic
    • Non Asbestos Organic
    • Low Metallic NAO
    • Ceramic
    By Vehicle Type
    • Two Wheelers
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    By Sales Channel
    • OEM
    • Aftermarket
    By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

    Key Questions Addressed by the Report
    • What are the Key Opportunities in Global Automotive Brake Pad Market?
    • What will be the growth rate from 2023 to 2030?
    • Which segment/region will have highest growth?
    • What are the factors that will impact/drive the Market?
    • What is the competitive Landscape in the Industry?
    • What is the role of key players in the value chain?
    • What are the strategies adopted by key players?


     

    Global Automotive Brake Pad Market 
    1 Introduction
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Automotive Brake Pad Market Outlook
    4.1 Overview
    4.2 Market  Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn
    4.2.6 Post covid-19 world Supply & Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Automotive Brake Pad Market, By Material
    5.1 Y-o-Y Growth Comparison, By Material 
    5.2 Global Automotive Brake Pad Market Share Analysis, By Material 
    5.3 Global Automotive Brake Pad Market Size and Forecast, By Material
    5.3.1 Semi Metallic
    5.3.2 Non Asbestos Organic
    5.3.3 Low Metallic NAO
    5.3.4 Ceramic
    6 Global Automotive Brake Pad Market, By Vehicle Type
    6.1 Y-o-Y Growth Comparison, By Vehicle Type
    6.2 Global Automotive Brake Pad Market Share Analysis, By Vehicle Type
    6.3 Global Automotive Brake Pad Market Size and Forecast, By Vehicle Type
    6.3.1 Two Wheelers
    6.3.2 Passenger Cars
    6.3.3 Light Commercial Vehicles
    6.3.4 Heavy Commercial Vehicles
    7 Global Automotive Brake Pad Market, By Sales Channel
    7.1 Y-o-Y Growth Comparison, By Sales Channel
    7.2 Global Automotive Brake Pad Market Share Analysis, By Sales Channel
    7.3 Global Automotive Brake Pad Market Size and Forecast, By Sales Channel
    7.3.1 Original Equipment Manufacturer (OEM)
    7.3.2 Aftermarket
    8 Global Automotive Brake Pad Market, By Region
    8.1 Global Automotive Brake Pad Market Share Analysis, By Region
    8.2 Global Automotive Brake Pad Market Share Analysis, By Region
    8.3 Global Automotive Brake Pad Market Size and Forecast, By Region
    9 North America Automotive Brake Pad Market Analysis and Forecast (2023 – 2030)
    9.1 Introduction
    9.2 North America Automotive Brake Pad Market Share Analysis, By Material
    9.3 North America Automotive Brake Pad Market Size and Forecast, By Vehicle Type
    9.4 North America Automotive Brake Pad Market Size and Forecast, By Sales Channel
    9.5 North America Automotive Brake Pad Market Size and Forecast, By Country
    9.5.1 U.S.
    9.5.2 Canada
    9.5.3 Mexico
    10 Europe Automotive Brake Pad Market Analysis and Forecast (2023 – 2030)
    10.1 Introduction
    10.2 Europe Automotive Brake Pad Market Share Analysis, By Material 
    10.3 Europe Automotive Brake Pad Market Size and Forecast, By Vehicle Type 
    10.4 Europe Automotive Brake Pad Market Size and Forecast, By Sales Channel
    10.5 Europe Automotive Brake Pad Market Size and Forecast, By Country
    10.5.1 Germany
    10.5.2 France
    10.5.3 UK
    10.54. Rest of Europe
    11 Asia Pacific Automotive Brake Pad Market Analysis and Forecast (2023 – 2030)
    11.1 Introduction
    11.2 Asia Pacific Automotive Brake Pad Market Share Analysis, By Material 
    11.3 Asia Pacific Automotive Brake Pad Market Size and Forecast, By Vehicle Type 
    11.4 Asia Pacific Automotive Brake Pad Market Size and Forecast, By Sales Channel
    11.5 Asia Pacific Automotive Brake Pad Market Size and Forecast, By Country
    11.5.1 China 
    11.5.2 Japan
    11.5.3 India
    11.5.4. Rest of Asia Pacific
    12 Latin America Automotive Brake Pad Market Analysis and Forecast (2023 – 2030)
    12.1 Introduction
    12.2 Latin America Automotive Brake Pad Market Share Analysis, By Material 
    12.3 Latin America Automotive Brake Pad Market Size and Forecast, By Vehicle Type 
    12.4 Latin America Automotive Brake Pad Market Size and Forecast, By Sales Channel
    12.5 Latin America Automotive Brake Pad Market Size and Forecast, Country
    13Middle East Automotive Brake Pad Market Analysis and Forecast (2023 – 2030)
    13.1 Introduction
    13.2 Middle East Automotive Brake Pad Market Share Analysis, By Material 
    13.3 Middle East Automotive Brake Pad Market Size and Forecast, By Vehicle Type 
    13.4 Middle East Automotive Brake Pad Market Size and Forecast, By Sales Channel
    13.5 Middle East Automotive Brake Pad Market Size and Forecast, By Country
    14Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Continental AG
    15.1.1 Overview
    15.1.2 Offerings
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2 Robert Bosch GmbH
    15.2.1 Overview
    15.2.2 Offerings
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3 ZF Friedrichshafen AG
    15.3.1 Overview
    15.3.2 Offerings
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Akebono Brake Industry Co Ltd
    15.4.1 Overview
    15.4.2 Offerings
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 ADVICS Co., Ltd
    15.5.1 Overview
    15.5.2 Offerings
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Brake Parts Inc.
    15.6.1 Overview
    15.6.2 Offerings
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Delphi Technologies (BorgWarner Inc.)
    15.7.1 Overview
    15.7.2 Offerings
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies 
    15.8 EBC Brakes, ITT Inc
    15.8.1 Overview
    15.8.2 Offerings
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies 
    15.9 Tenneco Inc
    15.9.1 Overview
    15.9.2 Offerings
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies