Automotive Brake Pads Market Size By Vehicle (Passenger Car, LCV, HCV, Two-wheelers), By Materials (Semi-metallic, Non-asbestos Organic, Low-metallic NAO, Ceramic), By Sales Channel (OEM, Aftermarket), By Position (Front, Front & Rear) & Forecast, 2022 - 2028

Automotive Brake Pads Market Size

Automotive Brake Pads Market size surpassed USD 3 billion in 2021 and is poised to witness 4.3% CAGR from 2022 to 2028. The industry shipments are estimated to cross 728,625.8 thousand units by 2028. Increasing vehicle sales along with the availability of advanced and lightweight friction materials is expected to foster the automotive brake pads demand. Advanced materials including ceramics enhance brake pad efficiency over a wide range of temperatures. Additionally, low noise characteristics and a stable coefficient of friction improve vehicle performance.
 

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Superior brake efficiency coupled with increasing disk brake adoption in automobiles will support the industry expansion. The brake system efficiently controls vehicle speed and generates low heat compared to drum brakes. The low heat generation ability increases system service life and boosts product penetration.
 

The advanced brake pad technology including the smart brake pad technology concept supports friction development designs with real-time data and enhances brake system performance. Sensors are embedded in brake pads to measure real-time data including torque, drag, temperature, wear, noise, and vibration. The data enables OEMs to shorten the brake system development cycle. Furthermore, the technology supports the optimization of safety systems including electronic stability control and anti-lock braking systems. These technological advancements will improve vehicle performance and fuel automotive brake pads market growth.
 

Automotive Brake Pads Market Analysis

Passenger car segment is likely to dominate the market with more than 60% of the revenue share by 2028 owing to growing passenger vehicle production. The regular launch of several models of passenger vehicle along with various offers provided by the manufacturers of vehicle to rise their sales is a major driving factor.
 

HCVs will observe substantial growth on account of the proliferating logistics and construction industries. HCVs function with heavy loads and for boosting the need for safety at high speeds, these vehicles require efficient braking systems. Recent expansion of public and private transportation projects in emerging countries is projected to increase heavy vehicles demand.
 

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The automotive brake pads market from semi-metallic material segment is set to generate USD 850 million revenue by 2028 led by the material’s ability to provide high shear strength in brake systems. In semi-metallic brake pad, usage of 30% to 60% metallic materials such as steel and iron provides a high thermal threshold to the brake system. The higher temperature operating range over traditional brake pads will increase product penetration.
 

Non-asbestos Organic (NAO) will foresee steady growth due to high heat withstanding properties coupled with low ownership costs. Non-asbestos materials are used in brake pads as asbestos, which is carcinogenic and causes health risks. However, the high wear & tear of NAO materials limit their usage in high-performance vehicles and HCVs.
 

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The OEM sales channel is forecast to register growth rate of above 4% till 2028 impelled by rising vehicle production globally. Vehicle manufacturers are incorporating innovative and advanced brake pads in their vehicles to enhance braking efficiency. Industry participants offer a wide range of products that include eco-friendly brake pad materials that contain organic fibers and semi-metallic components. Manufacturers are optimizing product performance including greater friction and noise performance.
 

Front-positioned automotive brake pads demand is expected to cross around 250 million units by 2028. The segment will showcase significant growth as its installation ensures optimum braking distance. About 70% of the braking power is derived from the front brake system to control vehicle movement and perform well in a wide temperature range. The development of these brake pads enhances braking performance and provides a large surface area to improve the friction of braking systems.
 

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The North America automotive brake pads market is anticipated to achieve 4.1% gains from 2022 to 2028. The region holds a considerable share propelled by the introduction of several advanced brake pad products. Additionally, industry participants are launching eco-friendly brake pads in the region.
 

Asia Pacific is predicted to capture over 40% of the market share in 2028 fueled by rising vehicle sales and growing disposable incomes in emerging economies. The automotive industry in China and India accounts for major vehicle sales across the globe that contributes to increased product penetration. Moreover, the establishment of new brake pad production companies in the region further augment the regional industry statistics.
 

Automotive Brake Pads Market Share

The industry players segment their products based on applications including on-road, off-road, racing, etc. Manufacturers invest in R&D to design and develop superior quality products with improved efficiency and longer service time.
 

A high degree of competition is present in the market. Key participants are also expanding their presence in emerging economies to meet the growing need for automotive brake pads. Some of the major manufacturers include

• Brembo S.p.A.
• Nisshinbo Brake Inc.
• Continental Automotive GmbH
• Bosch Limited
• Tenneco Inc.
• Akebono Brake Company
   

This automotive brake pads market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units & revenue in USD million from 2018 to 2028 for the following segments:

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Market, By Vehicle

• Passenger Car
• LCV
• HCV
• Two-wheelers

Market, By Material

• Semi-metallic
• Non-asbestos Organic (NAO)
• Low-metallic NAO
• Ceramic

Market, By Sales Outlet

• OEM
• Aftermarket

Market, By Position

• Front
• Front & rear

Market, By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Poland
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Thailand
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Iran
  • South Africa