Market Overview:
The global automobile brake pad market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles across the globe. In addition, the growing awareness about safety among consumers is also propelling the demand for automotive brake pads. The global automobile brake pad market by type is segmented into non-asbestos organic brake pads, low metallic NAO brake pads, semi metallic brake pads and ceramic brake pads. Among these, ceramic brakes are expected to witness highest growth during the forecast period owing to their superior performance in terms of braking distance and noise levels as compared to other types of brakes available in the market. In terms of application, passenger vehicles are expected to account for majority share in global automobile brake pad market followed by commercial vehicles during 2018-2030.
Product Definition:
An automobile brake pad is a component of the car's braking system. Its primary purpose is to slow the car down by friction.
Non-asbestos Organic Brake Pads:
Non-asbestos organic brake pads are made from a combination of organic materials and inorganic materials. Organic materials include natural fibers such as cotton, wood, or wool; while inorganic includes metals such as ceramic or metallic fibers. The growing demand for fuel efficient vehicles is expected to drive the market growth over the forecast period.
Low Metallic NAO Brake Pads:
Low metallic NAO brake pads are made from special alloys of metals. The most commonly used low metallic NAO brake pads are made from aluminum and titanium. These materials have the ability to stop the vehicle's wheel at a very high speed, which is why they are highly preferred in automotive braking systems.
Application Insights:
Passenger vehicles accounted for the largest share in 2016 and are projected to maintain their dominance over the forecast period. The growing trend of purchasing premium passenger cars with sports appearance is expected to remain a key factor driving demand for automotive brake pads.
The commercial vehicle segment is estimated to register a CAGR of XX% from 2017 to 2030 owing to an increase in the number of trucks and other commercial vehicles on account of rapid urbanization, rising disposable income, and growth in the manufacturing sector across various countries worldwide. This has ledto increased utilizationof these products during recent years as they provide better performance at lower costs than standard equipment manufactured for light-duty vehicles such as bicycles or lawn mowers.
Furthermore, increasing R&D investments by major manufacturers pertainingto advanced ceramic composites that reduce overall weight while improving structural strengthand reducing carbon emissions without affecting ride qualityis expected drive industry growth over the long term horizon.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of volume owing to high demand from developing countries such as India, China, and Japan. In addition, increasing automotive production coupled with stringent government regulations regarding carbon emissions is likely to drive product demand over the coming years.
The North American regional market was valued at USD X billion in 2017 and is projected to witness significant growth over the forecast period on account of rising investments by major companies for development of advanced products with enhanced performance characteristics under various driving conditions such as wet grip, dry grip etc. Furthermore, growing emphasis on fuel economy along with safety features by consumers are anticipated to boost product sales across this region during the same period.
Europe held a substantial share in terms of both volume and revenue generation owing largely ceramic composite materials used across several applications including passenger cars (automobile).
Growth Factors:
- Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of 3.5% during the forecast period, owing to the increasing disposable income and urbanization in emerging economies. This is expected to result in an increase in demand for brake pads, as they are an essential component of a vehicle’s braking system.
- Technological advancements: The development of new and innovative brake pad technologies is anticipated to fuel the growth of this market during the forecast period. These technologies include ceramic brake pads, which offer superior performance as compared to traditional metallic brake pads. They also have a longer life span and are environment-friendly due to their low wear rate and recyclability properties respectively
- Stringent emission norms: Stringent emission norms across regions are compelling automakers to equip their vehicles with advanced braking systems that use high-performance brake pads such as ceramic ones mentioned earlier .This is further propelling the growth of this market globally . 4 Emerging markets: A large number of untapped opportunities exist in emerging markets such as China, India, Brazil, Mexico etc., where there exists tremendous potential for growth owingtothe increasing adoptionof automobilesand stringent government regulations related topollution control measures 5 Growing automotive aftermarket:The automotive aftermarket has been witnessing rapidgrowthin recent yearsdue tobusiness liberalizationand rising consumer awareness about quality products & services offered by independent service providers
Scope Of The Report
Report Attributes
Report Details
Report Title
Automobile Brake Pad Market Research Report
By Type
Non-asbestos Organic Brake Pads, Low Metallic NAO Brake Pads, Semi Metallic Brake Pads, Ceramic Brake Pads
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Federal Mogul, BOSCH, TRW, Nisshinbo Group company, MAT Holdings, ITT Corporation, ATE, Hoenywell, Acdelco, Akebono, Delphi Automotive, BREMBO, Sangsin Brake, SAL-FER, ADVICS, FBK CORPORATIOIN, ICER, MK Kashiyama, Sumitomo, Hitachi Chemical, Hawk Performance, Fras-le, EBC Brakes, Brake Parts Inc, ABS Friction, Meritor, Shandong Gold Phoenix, Shangdong xinyi, Double Link, Hunan BoYun
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Automobile Brake Pad Market Report Segments:
The global Automobile Brake Pad market is segmented on the basis of:
Types
Non-asbestos Organic Brake Pads, Low Metallic NAO Brake Pads, Semi Metallic Brake Pads, Ceramic Brake Pads
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Federal Mogul
- BOSCH
- TRW
- Nisshinbo Group company
- MAT Holdings
- ITT Corporation
- ATE
- Hoenywell
- Acdelco
- Akebono
- Delphi Automotive
- BREMBO
- Sangsin Brake
- SAL-FER
- ADVICS
- FBK CORPORATIOIN
- ICER
- MK Kashiyama
- Sumitomo
- Hitachi Chemical
- Hawk Performance
- Fras-le
- EBC Brakes
- Brake Parts Inc
- ABS Friction
- Meritor
- Shandong Gold Phoenix
- Shangdong xinyi
- Double Link
- Hunan BoYun
Highlights of The Automobile Brake Pad Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-asbestos Organic Brake Pads
- Low Metallic NAO Brake Pads
- Semi Metallic Brake Pads
- Ceramic Brake Pads
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automobile Brake Pad Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automobile brake pads are the friction material that is used to stop a car. They are made of a variety of materials, including metal, rubber, and plastic. Automobile brake pads come in different thicknesses and shapes to fit different cars.
Some of the major players in the automobile brake pad market are Federal Mogul, BOSCH, TRW, Nisshinbo Group company, MAT Holdings, ITT Corporation, ATE, Hoenywell, Acdelco, Akebono, Delphi Automotive, BREMBO, Sangsin Brake, SAL-FER, ADVICS, FBK CORPORATIOIN, ICER, MK Kashiyama, Sumitomo, Hitachi Chemical, Hawk Performance, Fras-le, EBC Brakes, Brake Parts Inc, ABS Friction, Meritor, Shandong Gold Phoenix, Shangdong xinyi, Double Link, Hunan BoYun.
The automobile brake pad market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automobile Brake Pad Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automobile Brake Pad Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automobile Brake Pad Market - Supply Chain
4.5. Global Automobile Brake Pad Market Forecast
4.5.1. Automobile Brake Pad Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automobile Brake Pad Market Size (000 Units) and Y-o-Y Growth
4.5.3. Automobile Brake Pad Market Absolute $ Opportunity
5. Global Automobile Brake Pad Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Automobile Brake Pad Market Size and Volume Forecast by Type
5.3.1. Non-asbestos Organic Brake Pads
5.3.2. Low Metallic NAO Brake Pads
5.3.3. Semi Metallic Brake Pads
5.3.4. Ceramic Brake Pads
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Automobile Brake Pad Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Automobile Brake Pad Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicles
6.3.2. Commercial Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Automobile Brake Pad Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Automobile Brake Pad Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Automobile Brake Pad Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Automobile Brake Pad Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Automobile Brake Pad Demand Share Forecast, 2019-2026
9. North America Automobile Brake Pad Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Automobile Brake Pad Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Automobile Brake Pad Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicles
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Automobile Brake Pad Market Size and Volume Forecast by Type
9.7.1. Non-asbestos Organic Brake Pads
9.7.2. Low Metallic NAO Brake Pads
9.7.3. Semi Metallic Brake Pads
9.7.4. Ceramic Brake Pads
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Automobile Brake Pad Demand Share Forecast, 2019-2026
10. Latin America Automobile Brake Pad Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Automobile Brake Pad Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Automobile Brake Pad Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicles
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Automobile Brake Pad Market Size and Volume Forecast by Type
10.7.1. Non-asbestos Organic Brake Pads
10.7.2. Low Metallic NAO Brake Pads
10.7.3. Semi Metallic Brake Pads
10.7.4. Ceramic Brake Pads
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Automobile Brake Pad Demand Share Forecast, 2019-2026
11. Europe Automobile Brake Pad Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Automobile Brake Pad Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Automobile Brake Pad Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicles
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Automobile Brake Pad Market Size and Volume Forecast by Type
11.7.1. Non-asbestos Organic Brake Pads
11.7.2. Low Metallic NAO Brake Pads
11.7.3. Semi Metallic Brake Pads
11.7.4. Ceramic Brake Pads
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Automobile Brake Pad Demand Share, 2019-2026
12. Asia Pacific Automobile Brake Pad Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Automobile Brake Pad Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Automobile Brake Pad Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicles
12.4.2. Commercial Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Automobile Brake Pad Market Size and Volume Forecast by Type
12.7.1. Non-asbestos Organic Brake Pads
12.7.2. Low Metallic NAO Brake Pads
12.7.3. Semi Metallic Brake Pads
12.7.4. Ceramic Brake Pads
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Automobile Brake Pad Demand Share, 2019-2026
13. Middle East & Africa Automobile Brake Pad Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Automobile Brake Pad Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Automobile Brake Pad Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicles
13.4.2. Commercial Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Automobile Brake Pad Market Size and Volume Forecast by Type
13.7.1. Non-asbestos Organic Brake Pads
13.7.2. Low Metallic NAO Brake Pads
13.7.3. Semi Metallic Brake Pads
13.7.4. Ceramic Brake Pads
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Automobile Brake Pad Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Automobile Brake Pad Market: Market Share Analysis
14.2. Automobile Brake Pad Distributors and Customers
14.3. Automobile Brake Pad Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Federal Mogul
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BOSCH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. TRW
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nisshinbo Group company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MAT Holdings
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ITT Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ATE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hoenywell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Acdelco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Akebono
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Delphi Automotive
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BREMBO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sangsin Brake
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SAL-FER
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ADVICS
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. FBK CORPORATIOIN
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. ICER
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. MK Kashiyama
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sumitomo
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Hitachi Chemical
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
