Automotive Brake Pad - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Automotive Brake Pad Market is accounted for $11.00 billion in 2019 and is expected to reach $22.90 billion by 2027 growing at a CAGR of 9.6% during the forecast period. Growing presence of automotive players and increasing brake components and parts import are the major factors driving the market growth. However, a stringent government regulation for raw materials is restraining the market growth.
Brake pads are an integral part of the disc braking system for automotives. When the brake pedal is engaged, the brake pads press against the running disc in order to stop its motion and halt the vehicle. Brake pads are essentially made of materials that possess a high co-efficient of friction.
Based on vehicle, the passenger carrying vehicle (PCV) segment is likely to have a huge demand. The frequent launch of passenger vehicle models coupled with multiple offers provided by vehicle manufacturers to increase their sales are main driving factors for the segment. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to rising vehicle sales along with growing disposable income of people from emerging economies such as China and India.
Some of the key players profiled in the Automotive Brake Pad Market include Akebono Brake Corporation, Allied Nippon, Brakes India Private Limited, Brakewel Automotive Components India Private Limited, Continental Automotive GmbH, Ford Motor Company, Hindustan Composites Limited, Hitachi Chemical, Hunan Boyun Automobile Brake Material Co Ltd, Nisshinbo Brake Inc, Power Stop LLC, Ranbro Brakes India Limited, Rane Brake Lining Limited, Robert Bosch GmBH, Sangsin Brakes, Tenneco Inc, Wilwood Engineering Inc and ZF Friedrichshafen AG.
• Front & Rear
• Hardware and Software Solutions
• Drum Brake Pad
• Disc Brake Pad
• Low-Metallic NAO
• Non-Asbestos Organic (NAO)
• Heavy Commercial Vehicles (HCV)
• Light Commercial Vehicle (LCV)
• Passenger Carrying Vehicle (PCV)
• Three Wheeler
• Off the Road
• Brake Linings
• Brake Pads
• Brake Shoes
End Users Covered:
• Automotive Industry
• Electronics Industry
• Metal Industry
Sales Channels Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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