Market Overview:
The global brake pads market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vehicles, especially in developing countries such as China and India. In addition, the increasing awareness about safety among consumers is also driving the demand for brake pads globally. The global brake pads market by type is segmented into non-asbestos organic brake pads, semi metallic brake pads, low metallic NAO brake pads and ceramic brake pads. The non-asbestos organic brakes are expected to hold a major share of the global market due to their superior performance as compared to other types of brakes available in the market. They are also environment-friendly and have low noise levels, which makes them popular among consumers worldwide. The global Brake Pads Market by application is segmented into OEM and aftermarket segments.
Product Definition:
Brake pads are a component of disc brakes used in automobiles. brake pads are located on the caliper, which clamps onto the spinning rotor to slow or stop the car.
Non-asbestos Organic Brake Pads:
Non-asbestos organic brake pads are made from materials other than asbestos. As a result, they do not cause cancer or any of the serious health problems associated with asbestos. The non-asbestos organic brake pads market is expected to witness significant growth over the forecast period owing to factors such as low cost and better performance in comparison with standard asbestos based products.
Semi Metallic Brake Pads:
Semi metallic brake pads are made up of semi-matrix compound. It is a combination of two materials, one is the hard ceramic material and other is metal sliver or alloy which acts as a wear-resistant matrix. Semi metallic brake pads have advantages over conventional ones in terms of performance and durability.
Application Insights:
OEMs generated a revenue of USD 1.5 billion in 2017 and is expected to witness significant growth over the forecast period. The growing OEM industry is driven by increasing vehicle production coupled with rising demand for automotive components across the globe. Increased production of vehicles in China, India and South Korea owing to low cost labor has fueled the aftermarket sales as replacement products for brake pads, which are manufactured using superior quality raw materials at competitive prices.
The use of asbestos brake pads was prevalent during past decades and still continues in some countries such as Russia, Brazil etc., but their usage has been discontinued due to health hazards associated with them.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in automotive production, especially for OEMs, which is likely to have a positive impact on industry growth. China accounted for a major share of this regional market owing to low manufacturing cost coupled with easy availability of labor and raw materials.
The demand for brakes from North America was valued at USD X million in 2017 and is projected to grow at an estimated CAGR of XX% over the forecast period due to increasing vehicle safety standards by regulatory bodies like NHTSA & IIHS coupled with stringent government regulations regarding vehicular emissions are expected drive product demand from Europe as well as other regions mentioned above).
Latin America also held a significant share owing to high automobile production volumes particularly for aftermarket sales which indicates higher replacement rates per vehicle (approximately 7 years/10-15 years depending upon model).
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 changing lifestyle of consumers. 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 has resulted in increased efficiency and performance of these products. This is likely to fuel the growth of the brake pads market during the forecast period.
- Stringent emission norms: Stringent emission norms across regions are compelling automakers to equip their vehicles with advanced braking systems, which will subsequently drive demand for brake pads during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Brake Pads Market Research Report
By Type
Non-asbestos Organic Brake Pads, Semi Metallic Brake Pads, Low Metallic NAO Brake Pads, Ceramic Brake Pads
By Application
OEM, Aftermarket
By Companies
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
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
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Brake Pads Market Report Segments:
The global Brake Pads market is segmented on the basis of:
Types
Non-asbestos Organic Brake Pads, Semi Metallic Brake Pads, Low Metallic NAO 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
OEM, Aftermarket
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
- 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
Highlights of The 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
- Semi Metallic Brake Pads
- Low Metallic NAO Brake Pads
- Ceramic Brake Pads
- By Application:
- OEM
- Aftermarket
- 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 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.
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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?
Brake pads are the pieces of rubber or metal that come in contact with the brake pedal to stop a car.
Some of the key players operating in the brake pads market are 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.
The brake pads market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Brake Pads Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Brake Pads Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Brake Pads Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Brake Pads Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Brake Pads Market Size & Forecast, 2020-2028
4.5.1 Brake Pads Market Size and Y-o-Y Growth
4.5.2 Brake Pads Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Non-asbestos Organic Brake Pads
5.2.2 Semi Metallic Brake Pads
5.2.3 Low Metallic NAO Brake Pads
5.2.4 Ceramic Brake Pads
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Brake Pads Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Brake Pads Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Non-asbestos Organic Brake Pads
9.6.2 Semi Metallic Brake Pads
9.6.3 Low Metallic NAO Brake Pads
9.6.4 Ceramic Brake Pads
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Non-asbestos Organic Brake Pads
10.6.2 Semi Metallic Brake Pads
10.6.3 Low Metallic NAO Brake Pads
10.6.4 Ceramic Brake Pads
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Non-asbestos Organic Brake Pads
11.6.2 Semi Metallic Brake Pads
11.6.3 Low Metallic NAO Brake Pads
11.6.4 Ceramic Brake Pads
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Non-asbestos Organic Brake Pads
12.6.2 Semi Metallic Brake Pads
12.6.3 Low Metallic NAO Brake Pads
12.6.4 Ceramic Brake Pads
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Non-asbestos Organic Brake Pads
13.6.2 Semi Metallic Brake Pads
13.6.3 Low Metallic NAO Brake Pads
13.6.4 Ceramic Brake Pads
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Brake Pads Market: Competitive Dashboard
14.2 Global Brake Pads Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Federal Mogul
14.3.2 TRW
14.3.3 Nisshinbo
14.3.4 Akebono
14.3.5 MAT Holdings
14.3.6 Delphi Automotive
14.3.7 ITT
14.3.8 Sangsin Brake
14.3.9 Sumitomo
14.3.10 Hitachi Chemical
14.3.11 ATE
14.3.12 BREMBO
14.3.13 ADVICS
14.3.14 Acdelco
14.3.15 Brake Parts Inc
14.3.16 ICER
14.3.17 Fras-le
14.3.18 EBC Brakes
14.3.19 ABS Friction
14.3.20 Shandong Gold Phoenix
14.3.21 Shangdong xinyi
14.3.22 SAL-FER
14.3.23 Hunan BoYun
14.3.24 Double Link
