Automotive Brake Pad Market Growth, Trends, Size, Revenue, Challenges and Future Competition
Automotive Brake Pad Market Size- By Material Type, By Position Type, By Sales Channel, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: AMIN23111 | Pages: 1 - 236 | Formats*: |
| Category : Automotive & Transportation | |||
Automotive Brake Pad Market Introduction and Overview
According to SPER Market Research, the Global Automotive Brake Pad is estimated to reach USD 7.28 billion by 2033 with a CAGR of 5.8%.
The report includes an in-depth analysis of the Global Automotive Brake Pad Market, including market size and trends, product mix, distribution channels, and supplier analysis. An automotive brake pad is a key component of a vehicle's braking system. It is designed to create friction against the rotating brake disc or drum, which slows down or stops the vehicle when the brakes are applied. Brake pads are crucial for safe and efficient braking, as they convert the kinetic energy of the moving vehicle into heat energy through friction, effectively reducing its speed. These brake pads press against the running disc when the brakes are applied, stopping the vehicle's motion and reducing its speed.
- Technological advancements: The automotive brake pad business depends heavily on new developments in technology. There is a continuing need for increasingly sophisticated and effective equipment as technology develops. As a result, there is a growing demand for innovative technology that can handle more efficient friction, faster processing rates.
- Increasing demand for consumer brake pad: the major factors driving the growth of the market are growing emphasis on safety features and rise in demand for and sale of passenger cars and commercial vehicles. Governments and international organisations have implemented strict safety regulations in response to an increase in accidents around the world, making the installation of safety devices like the anti-lock brake system (ABS) mandatory in all newly sold vehicles.
-00619093072023.jpg)
Market Opportunities and Challenges
The automotive brake pad market presents several market opportunities for growth and development. Firstly, the increasing focus on vehicle safety and the implementation of stringent regulations worldwide provide opportunities for brake pad manufacturers. As safety standards continue to evolve, there is a growing demand for high-performance brake pads that meet or exceed these regulations. Secondly, the rising popularity of electric and hybrid vehicles creates opportunities for brake pad manufacturers. These vehicles have unique braking systems and requirements, necessitating the development of specialized brake pads that can accommodate regenerative braking and handle the different demands of electric powertrains.
The automotive brake pad market faces several challenges that impact its growth and competitiveness. Firstly, intense market competition poses a significant challenge for brake pad manufacturers. The market is crowded with numerous players, both global and regional, competing on factors such as product performance, price, and brand reputation. This creates pressure for continuous product innovation and differentiation to gain a competitive edge. Additionally, evolving vehicle technologies pose challenges for brake pad manufacturers. The increasing adoption of electric and hybrid vehicles requires brake pads that can effectively handle regenerative braking and the unique demands of these powertrains.
-00619153072023.jpg)
Market Competitive Landscape
The competitive landscape of the automotive brake pad market is characterized by intense competition among several global and regional players. Major companies in the market include Akebono Brake Industry Co., Ltd., Robert Bosch GmbH, Federal-Mogul Holdings LLC, Nisshinbo Holdings Inc., Brembo S.p.A., and ZF Friedrichshafen AG, among others. These companies compete based on factors such as product quality, performance, price, brand reputation, and customer service. They invest heavily in research and development to develop advanced brake pad technologies and materials that offer improved performance, durability.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Material Type, By Position Type, By Sales Channel, By Vehicle Type |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | ZF Friedrichshafen AG, Continental AG, Brake Parts Inc., ITT Inc., ADVICS Co., Ltd., EBC Brakes, Tenneco Inc., Nisshinbo Brake Inc., Robert Bosch GmbH, Delphi Technologies (BorgWarner Inc. ), Akebono Brake Industry Co Ltd, Others |
COVID-19 Impact on Global Automotive Brake Pad Market
The COVID-19 pandemic hindered the growth of the market, because of lockdowns and shutdown of manufacturing facilities across the world. Additionally, the pandemic-related decrease in demand was a result of the decline in car production. However, after the pandemic, as limitations were loosened, the market saw a huge increase. Many automotive manufacturing plants worldwide faced temporary closures or reduced production capacity during the pandemic. This led to supply chain disruptions, including shortages of raw materials and components required for brake pad production. The disruptions affected the availability and timely delivery of brake pads to the market.
Key Target Audience
- Aftermarket Retailers and Distributors
- Automotive Service and Repair Centres
- Export and International Markets
- Fleet Owners and Managers
- Original Equipment Manufacturers (OEMs)
- Vehicle Owners and Drivers
- Others
Our in-depth analysis of the Automotive Brake Pad Market includes the following segments:
| By Material: |
|
| By Position Type: |
|
| By Sales Channel: |
|
| By Vehicle Type: |
|
Key Topics Covered in the Report
- Global Automotive Brake Pad Market Size (FY’2023-FY’2033)
- Overview of Global Automotive Brake Pad Market
- Segmentation of Global Automotive Brake Pad Market By Material Type (Ceramic, Low-Metallic, Non-Asbestos Organic, Semi-Metallic Others)
- Segmentation of Global Automotive Brake Pad Market By Position Type (Front and Rear)
- Segmentation of Global Automotive Brake Pad Market By Sales Channel (OEM and Aftermarket)
- Segmentation of Global Automotive Brake Pad Market By Vehicle Type (Commercial Vehicles, Passenger Cars, Two Wheeler)
- Statistical Snap of Global Automotive Brake Pad Market
- Expansion Analysis of Global Automotive Brake Pad Market
- Problems and Obstacles in Global Automotive Brake Pad Market
- Competitive Landscape in the Global Automotive Brake Pad Market
- Impact of COVID-19 and Demonetization on Global Automotive Brake Pad Market
- Details on Current Investment in Global Automotive Brake Pad Market
- Competitive Analysis of Global Automotive Brake Pad Market
- Prominent Players in the Global Automotive Brake Pad Market
- SWOT Analysis of Global Automotive Brake Pad Market
- Global Automotive Brake Pad Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Automotive Brake Pad Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Brake Pad Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Brake Pad Market
7. Global Automotive Brake Pad Market, By Material Type (USD Million)
7.1. Global Automotive Brake Pad Market Value Share and Forecast, By Material Type, 2023-20337.2. Ceramic7.3. Low-Metallic7.4. Non-Asbestos Organic7.5. Semi-Metallic7.6. Others
8. Global Automotive Brake Pad Market, By Position Type (USD Million)
8.1. Global Automotive Brake Pad Market Value Share and Forecast, By Position Type, 2023-20338.2. Front8.3. Rear
9. Global Automotive Brake Pad Market, By Sales Channel (USD Million)
9.1. Global Automotive Brake Pad Market Value Share and Forecast, By Sales Channel, 2023-20339.2. Aftermarket9.3. OEM
10. Global Automotive Brake Pad Market, By Vehicle Type (USD Million)
10.1. Global Automotive Brake Pad Market Value Share and Forecast, By Vehicle Type, 2023-203310.2. Commercial Vehicles10.3. Passenger Cars10.4. Two-Wheeler
11. Global Automotive Brake Pad Market Forecast, 2019-2033 (USD Million)
11.1. Global Automotive Brake Pad Market Size and Market Share
12. Global Automotive Brake Pad Market, By Material Type, 2019-2033 (USD Million)
12.1. Global Automotive Brake Pad Market Size and Market Share By Material Type (2019-2026)12.2. Global Automotive Brake Pad Market Size and Market Share By Material Type (2027-2033)
13. Global Automotive Brake Pad Market, By Position Type, 2019-2033 (USD Million)
13.1. Global Automotive Brake Pad Market Size and Market Share By Position Type (2019-2026)13.2. Global Automotive Brake Pad Market Size and Market Share By Position Type (2027-2033)
14. Global Automotive Brake Pad Market, By Sales Channel, 2019-2033 (USD Million)
14.1. Global Automotive Brake Pad Market Size and Market Share By Sales Channel (2019-2026)14.2. Global Automotive Brake Pad Market Size and Market Share By Sales Channel (2027-2033)
15. Global Automotive Brake Pad Market, By Vehicle Type, 2019-2033 (USD Million)
15.1. Global Automotive Brake Pad Market Size and Market Share By Vehicle Type (2019-2026)15.2. Global Automotive Brake Pad Market Size and Market Share By Vehicle Type (2027-2033)
16. Global Automotive Brake Pad Market, By Region, 2019-2033 (USD Million)
16.1. Global Automotive Brake Pad Market Size and Market Share By Region (2019-2026)16.2. Global Automotive Brake Pad Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific
16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada16.6.2. Mexico16.6.3. United States
16.7. Latin America
16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. A Delco
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. ADVICS Co.
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. Akebono Brake Industry Co Ltd
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Brake Parts Inc.
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. Continental AG
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Delphi Technologies (BorgWarner Inc.)
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. EBC Brakes
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. Nisshinbo Brake Inc.
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
17.9. Robert Bosch GmbH
17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments
17.10. Tenneco Inc.
17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments
17.11. ZF Friedrichshafen AG
17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments
17.12. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automotive Brake Pad Market is projected to reach USD 7.28 billion by 2033, growing at a CAGR of 5.8% during the forecast period.
Automotive Brake Pad Market grew in market size from 2022. The Market is expected to reach USD 7.28 billion by 2033, at a CAGR of 5.8% during the forecast period.
Automotive Brake Pad Market CAGR of 5.8% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Automotive Brake Pad Market size is USD 7.28 billion from 2023 to 2033.
Automotive Brake Pad Market Segment is covered By Material Type, By Position Type, By Sales Channel, By Vehicle Type.
The North America region is anticipated to have the highest market share in the Automotive Brake Pad Market.
The key players in the market include Companies Covered ZF Friedrichshafen AG, Continental AG, Brake Parts Inc., ITT Inc., ADVICS Co., Ltd., EBC Brakes, Tenneco Inc., Nisshinbo Brake Inc., Robert Bosch GmbH, Delphi Technologies (BorgWarner Inc. ), Akebono Brake Industry Co Ltd, Others.
Brake pads are crucial for safe and efficient braking, as they convert the kinetic energy of the moving vehicle into heat energy through friction, effectively reducing its speed.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
