Automotive Brake Pad Market Size worth $10bn by 2025

Automotive Brake Pad Market size is estimated to surpass USD 10 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Increasing production across the globe will drive the automotive brake pad market growth over the study timeframe. Rising demand for high performance vehicles offering comfortable driving experience and enhanced braking efficiency are escalating the product installation. Availability of advanced products providing enhanced durability and longer service life will augment the automotive brake pad market share.

 

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Growing penetration of advanced friction materials for braking system is significantly contributing towards enhanced braking performance in wider temperature ranges. Shifting consumer inclination towards quieter braking system providing superior friction and minimum maintenance will propel the industry share over the study timeframe. Moreover, increasing awareness regarding passenger safety and vehicle efficiency will boost the automotive brake pad market growth in next six years.
 

Rapid technological developments such as smart braking technologies are inducing the demand for critical automotive safety systems including anti-lock braking systems. Integration of smart automotive braking products with electronic sensors provides real time temperature, vibration, noise, torque, and wear data. Rising implementation of these supportive systems will escalate the automotive brake pad market size.


Automotive Brake Pad Market

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Regulatory authorities including Federal Motor Vehicle Safety Standards (FMVSS) design and specify the performance, and durability requirements of automobile related components. Automotive Aftermarket Manufacturers Association (AASA), Motor and Equipment Manufacture Association (MEMA) are continuously focusing to reduce carbon emissions and increase passenger safety. For instance, in 2015, MEMA and BMC signed MoU to establish voluntary agreement for reducing the copper usage in friction material below 0.5% until January 2025.
 

Industry participants and organizations are striving to minimize harmful environmental impacts pertaining to soil erosion and vehicle fuel emissions. For instance, Copper Development Association (CDA) is actively supporting the development of ecofriendly materials to replace copper contents in automotive brake pad.
 

Browse key industry insights spread across 300 pages with 641 market data tables & 11 figures & charts from the report, “Automotive Brake Pad Market Size By Vehicle (PCV, LCV, HCV, Two-wheelers), By Material (Semi-Metallic, Non-Asbestos Organic (NAO), Low-Metallic NAO, Ceramic), By Sales Channel (OEM, Aftermarket), By Position (Front, Front & Rear) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, China, India, Japan, Australia, South Korea, Thailand, Indonesia, Brazil, Mexico, Argentina, Chile, Saudi Arabia, UAE, Iran, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/automotive-brake-pads-market

 

Ceramic holds significant share in the automotive brake pad market size owing to higher durability, density and superior performance. The pads provide enhanced stability over wide temperature range and low noise. Rising demand for high performance and racing vehicles is driving product demand as these recover quickly and cause less damage to the rotors.
 

LCV will witness steady growth in automotive brake pad market share owing to increasing vehicle production and easy financing options. According to OICA, in 2018 LCV sales increased by over 5.5% as compared with 2017. Introduction of advanced products offering additional features such as anti-squeal coatings, longer warranties and easy installations will propel the industry size. For instance, in October 2018, Autoparts UK launched brake pads offering enhanced features for both PCV and LCV variants.
 

Aftermarket segment will witness over 4% CAGR in automotive brake pad market share owing to its replacement to ensure required braking efficiency. The manufacturers are expanding the distributions network to enhance their presence in aftermarket. For instance, March 2019, Brembo assigned Newparts as the direct distributor for aftermarket. However, increasing presence of low quality and counterfeit products will limit the segment proliferation over the study timeframe.
 

Front end automotive brake pad market will hold substantial share owing to its adoption in heavy duty trucks and light commercial vehicles. High availability of specialized brake pad compounds for multiple types of vehicles wheels to optimize performance will propel the industry growth. Emergence of mandating air disc braking systems in commercial vehicles will support the product demand.
 

North America will witness significant growth in the automotive brake pad market size owing to increasing government directives for disc braking system. In November 2016, United Nations Economic Commission introduced ECE R90 for manufacturing braking systems in passenger cars. Increasing regulations pertaining to manufacturing and installation of disc brakes will drive the regional growth. Asia Pacific holds significant share owing to the growing consumer focus on vehicle safety and performance. Technological advancements coupled with increasing vehicle ownership will induce significant potential in the industry landscape.
 

Key industry participants in the automotive brake pad market includes Sundaram Brake Linings, Makino Auto Industries Pvt. Ltd, Robert Bosch Gmbh, Federal Moghul Corporation Akebono and TMD Friction Holdings Gmph. Industry players are expanding their product portfolio to serve larger consumer base and strengthen their regional presence. For instance, in October 2018, Federal-Moghul introduced product with advanced braking features including galvanized steel plates and premium OE-quality shims specially designed for SUV’s, CUV’s and Pick up vehicles.
 

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Automotive brake pad market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2019 to 2025, for the following segments:

By Vehicle

  • PCV
  • LCV
  • HCV
  • Two wheelers

By Material

  • Semi metallic
  • Non-Asbestos organic (NAO)
  • Low Metallic NAO
  • Ceramic

By Sales Channel

  • OEM
  • Aftermarket

By Position

  • Front
  • Front & Rear

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • 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

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