Brake Pads are components of brake systems used in automotive and other applications. Brake pads are friction materials which bound to the surface that faces the brake rotor and take the brunt of the frictional force necessary to stop the car. In a disc brake system, the brake pedal activates a hydraulic line which squeezes the calipers against the rotors of the car's tires. Pads are positioned between the calipers and the rotors to absorb the energy and heat, and then provide enough grips to stop the car.
According to our (Global Info Research) latest study, the global Brake Pads market size was valued at USD 11480 million in 2022 and is forecast to a readjusted size of USD 12690 million by 2029 with a CAGR of 1.4% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Brake Pads key players include Federal Mogul, TRW, Nisshinbo, Akebono, MAT Holdings, etc. Global top five manufacturers hold a share over 35%.
Europe is the largest market, with a share over 25%, followed by China and North America, both have a share over 35% percent. In terms of product, Ceramic Brake Pads is the largest segment, with a share over 60%. And in terms of application, the largest application is Aftermarket, followed by OEMs Market.
This report is a detailed and comprehensive analysis for global Brake Pads market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Brake Pads market size and forecasts, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2018-2029
Global Brake Pads market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2018-2029
Global Brake Pads market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Units), and average selling prices (USD/Unit), 2018-2029
Global Brake Pads market shares of main players, shipments in revenue ($ Million), sales quantity (M Units), and ASP (USD/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Brake Pads
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Brake Pads market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Federal Mogul, TRW, Nisshinbo, Akebono and MAT Holdings, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Brake Pads market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Non-asbestos Organic Brake Pads
Semi Metallic Brake Pads
Low Metallic NAO Brake Pads
Ceramic Brake Pads
Market segment by Application
OEM
Aftermarket
Major players covered
Federal Mogul
TRW
Nisshinbo
Akebono
MAT Holdings
Delphi Automotive
ITT
Sangsin Brake
Sumitomo
Hitachi Chemical
ATE
BREMBO
ADVICS
Acdelco
Brake Parts Inc
ICER
Fras-le
EBC Brakes
ABS Friction
Shandong Gold Phoenix
Shangdong xinyi
SAL-FER
Hunan BoYun
Double Link
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Brake Pads product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Brake Pads, with price, sales, revenue and global market share of Brake Pads from 2018 to 2023.
Chapter 3, the Brake Pads competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Brake Pads breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Brake Pads market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Brake Pads.
Chapter 14 and 15, to describe Brake Pads sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Brake Pads . Industry analysis & Market Report on Brake Pads is a syndicated market report, published as Global Brake Pads Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Brake Pads market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.