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The future of the global automotive brake pad market looks promising with opportunities in passenger car, light commercial vehicle, heavy commercial vehicle, and two-wheeler segments. The global automotive brake pad market is expected to grow with a CAGR of 7%-9% from 2021 to 2026. The major drivers for this market are increasing import of brake components and parts, increasing vehicle production and sales, and rising presence of brake pad manufacturers.
Emerging trends, which have a direct impact on the dynamics of the industry, include usage of efficient brake pads for better friction stability, production of advanced friction materials, and manufacturing of lightweight and eco-friendly braking systems.
A total of xx figures / charts and xx tables are provided in this more than 150 page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global automotive Brake Pad market report, please download the report brochure.
The study includes trends and forecast for the global automotive brake pad market by material, position, vehicle type, sales channel, and region, as follows:
By Material [Value ($ Million) from 2015 to 2026]:
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Semi Metallic
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Non-Asbestos Organic (NAO)
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Low-Metallic
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Ceramic
By Position [Value ($ Million) from 2015 to 2026]:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
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Passenger Cars
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Light Commercial Vehicles
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Heavy Commercial Vehicles
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Two-Wheelers
By Sales Channel [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
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North America
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United States
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Canada
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Mexico
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Europe
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Germany
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United Kingdom
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APAC
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China
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India
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Japan
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ROW
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Middle East
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Brazil
Some of the automotive brake pad companies profiled in this report include ACDelco, Allied-Nippon Limited, Bosch Auto Parts, Brakes India Limited, Tenneco Inc, Hindustan Composites Limited, Makino Auto Industries Pvt. Ltd., Max Advanced Brakes, Ford Motor Company and GUD Holdings Limited.
Lucintel forecasts that ceramic brake pads will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to high stability, property to work in fluctuating temperatures, and they are used in high-performance vehicles, as they produce less dust and minimum noise.
Within the global automotive brake pad market, the passenger car segment is expected to witness the highest growth over the forecast period due to rising production and sales of passenger cars and the growing need for fuel-efficient vehicles.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to the increasing production and sales of vehicles in this region. Additionally, the manufacturing companies are focusing on producing advanced brake pads, which will help in reducing the size of the brake pads and help to improve heat dissipation capacity.
Features of the Global Automotive Brake Pad Market
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Market Size Estimates: Global automotive brake pad market size estimation in terms of value ($M) shipment.
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Trend and Forecast Analysis: Market trends (2015-2021) and forecast (2021-2026) by various segments.
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Segmentation Analysis: Global automotive brake pad market size by various segments, such as by material, position, vehicle type and sales channel in terms of value
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Regional Analysis: Global automotive brake pad market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
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Growth Opportunities: Analysis of growth opportunities in different by material, position, vehicle type, sales channel and regions for the global automotive brake pad market.
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Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global automotive brake pad market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This report answers following 11 key questions |
Q.1 What are some of the most promising growth opportunities for the global automotive brake pad market by material (semi-metallic, non-asbestos organic (NAO), low-metallic, and ceramic), position (front and front & rear), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles, and two-wheelers), sales channel (OEM and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity did occur in the last five years? |
Report Scope
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Key Features |
Description |
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Base Year for Estimation |
2021 |
Trend Period
(Actual Estimates) |
2015-2020 |
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Forecast Period |
2021-2026 |
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Pages |
210 |
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Market Representation / Units |
Revenue in US $ Million |
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Regional Scope |
North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
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Report Coverage |
Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
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Market Segments |
Material (Semi-Metallic, Non-Asbestos Organic (Nao), Low-Metallic and Ceramic), Position (Front and Front & Rear), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Two-Wheelers), Sales Channel (OEM and Aftermarket) |
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Customization |
10% Customization without Any Additional Cost |