Global Automotive Brake Pads Market by Type (Non-asbestos Organic Brake Pads, Low Metallic NAO Brake Pads, Semi Metallic Brake Pads, Ceramic Brake Pads), By Application (Vehicles OEM Industry, Vehicles Aftermarket Industry) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive brake pads market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for vehicles across the globe. Non-asbestos organic brake pads are expected to account for a major share of the global automotive brake pads market during the forecast period. These brake pads are made up of non-metallic materials such as fiber, Kevlar, and carbon, which makes them environment-friendly. They also offer superior braking performance as compared to other types of brake pads available in the market. Low metallic NAO brake pads are also anticipated to witness high demand due their low weight and excellent stopping power.



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Product Definition:

Brake pads are a component of disc brakes used in automotive and other applications. The brake pad is the part of the braking system that presses against the brake rotor to create friction and slow or stop the vehicle.

Non-asbestos Organic Brake Pads:

Non-asbestos organic brake pads are made from materials other than asbestos. The materials used to manufacture these products include natural rubber, styrene-butadiene rubber (SBR), ethylene propylene diene monomer (EPDM), and acrylics. These products were developed in the early days of automotive brakes and have been a constant companion to the industry ever since.

Low Metallic NAO Brake Pads:

Low metallic NAO brake pads are made from special alloys of metals. These are specially designed to generate less heat while braking and dissipate the same amount of heat as that generated by the brakes. The low metallic NAO brake pads have a lower coefficient of friction than regular pads, which results in reduced wear and tear during braking.

The automotive industry has witnessed an increasing trend towards lightweight components over the past few years owing to rising fuel prices.

Application Insights:

The vehicles aftermarket industry accounted for the largest share in 2017 and is anticipated to continue its dominance over the forecast period. The segment growth can be attributed to increasing demand for replacement brake pads from consumers, especially in countries like U.S., Canada, Brazil, India and China where automotive production is high. Also, growing awareness about vehicle maintenance among consumers is expected to boost product demand in this application segment over the forecast period.

Vehicles OEM industry was estimated at USD 1,176 billion in 2017 owing to increased production of passenger cars and LCVs/HCVs across the globe on account of rising disposable income levels coupled with improved employment opportunities has resulted into a higher rate of vehicle ownership among major markets including Germany, UK France Italy Spain Russia Japan China etc., which has boosted market growth significantly over recent years.

Regional Analysis:

North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for high performance vehicles and stringent regulations by government bodies regarding vehicular emissions.

The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising disposable income, improving automotive industry outlook, and growing sales of passenger cars & trucks. In addition, favorable government initiatives such as “Make in India” initiative are expected to boost automobile production within the region thereby driving product demand.           ‰˜Make in India’is an initiative taken up by Government of India that focuses on manufacturing sector development within country which will create more opportunities for various types of braking components manufacturers including industrial ceramics, metal-cutting NAO brakes pads etc.

Growth Factors:

Increasing demand for passenger cars and commercial vehicles
Rising awareness about the benefits of automotive brake pads
Technological advancements in brake pad manufacturing process
Growing number of replacement and aftermarket sales opportunities
Stringent government regulations for vehicle safety


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Brake Pads Market Research Report
By Type
Non-asbestos Organic Brake Pads, Low Metallic NAO Brake Pads, Semi Metallic Brake Pads, Ceramic Brake Pads
By Application
Vehicles OEM Industry, Vehicles Aftermarket Industry
By Companies
Federal Mogul, BOSCH, TRW（ZF), Nisshinbo, 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, Shandong 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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Brake Pads Market Report Segments:
The global Automotive Brake Pads 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
Vehicles OEM Industry, Vehicles Aftermarket Industry
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（ZF)
Nisshinbo
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
Shandong xinyi
Double Link
Hunan BoYun



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Highlights of The Automotive Brake Pads 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:
Vehicles OEM Industry
Vehicles Aftermarket Industry
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 Automotive Brake Pads 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.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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

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