Global Automotive Brake Pad
Market Report
2025
Global Automotive Brake Pad market size will be USD 6.79 Billion by 2030. Automotive Brake Pad Industry's Compound Annual Growth Rate will be 5.53% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Automotive Brake Pad Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5.53% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Braking System Type |
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Market Split by Vehicle Type |
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Market Split by Material Type |
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Market Split by Distribution Channel Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Automotive Brake Pad Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An Automotive Brake Pad is a piece of friction-generating material that presses on your car's rotor or disc to slow down and stop. They are made of steel that has a thick layer of friction substance on one side. Thus, the car slows down or stops when you apply the brakes because the brake pads squeeze the brake disc. The market for Automotive Brake Pads is expanding as a result of rising public awareness of the need to protect pedestrians and passengers, government regulations requiring cars to have cutting-edge safety systems, and an increase in the use of brake wear sensors. The market is expanding as a result of manufacturers producing cutting-edge brake pads and rising demand for high-performance automobiles.
The market for automotive brake pads is supported by changing trends in automotive technology, where demand for adaptable and reasonably priced car accessories is driven by consumer preferences for newer models. Automakers are heavily investing in R&D and equipping their cars with safety measures. There is a growing need for safety precautions with driverless vehicles. Due to growing safety standards and significant technological advancements, the worldwide market for car brakes is growing. A growing apprehension regarding vehicular collisions and an increase in fatalities has led influential stakeholders to establish strong safety protocols. The strict safety regulations imposed by governments and regulatory bodies will keep propelling the global automotive brake pad market's expansion.
For instance, the Department of Transportation's US National Highway Traffic Safety Administration claims that there isn't a Federal motor vehicle safety standard (FMVSS) that particularly addresses new brake pads. Rather, a number of FMVSSs control the whole brake system. Standards Nos. 105, 121, 122, and 135 in particular govern the brake systems of different kinds of automobiles. It is the duty of automakers to attest to their cars' compliance with all applicable FMVSSs, including those pertaining to brake systems. As a result, certification criteria are not directly the responsibility of brake pad producers.
The growing traction of luxury and high-performance vehicles equipped with advanced safety features is encouraging manufacturers to develop brake pads for luxury cars. Moreover, rising demand in the electric vehicle market in India is further expected to create new growth opportunities for automotive brake pads manufacturers to produce high-quality brake pads for electric vehicles. As a result, Automotive Brake Pad designers are innovating with modern tech, integrating connected systems, and cloud-based infographic settings to cater to this demand, contributing to the global growth and dynamism of the Automotive Brake Pad market.
For instance, a study by Dr. Stephen M. Zoepf from Massachusetts Institute of Technology, concludes “Features that enhance the safety of passenger cars exhibit more rapid maximum growth, on average, than either powertrain or optional comfort/convenience features…”
Since brake pads offer the shortest stopping distance and improved vehicle stability, the Automotive Brake Pad market is thriving. Brake pads are frequently seen in most luxury cars. Its expansion is, however, limited by the fact that brake pads require more maintenance and repairs than the brake shoes used in drum brakes. Therefore, there is a significant financial expenditure needed to create brake pad materials such as steel, jute fiber, and ceramic. Thus, during the course of the forecast period, it is anticipated that the high research and development costs associated with brake pads will restrain the growth of the Indian brake pad market. Further impeding the market's expansion is the volatile pricing of raw materials like copper and other composite components.
For instance, Composites are frequently utilized in automotive brake systems; ceramic composites are the most widely used type of brake pad. Chrysoula A. Aza of the University of Bristol wrote a study summarizing the composition, mechanics, and cost justification of Brake Pads and Discs. Although more recent carbon brake pads have better qualities, they are still highly expensive. Eco-friendly materials for brake pads appear promising, but there are still problems that need to be resolved (such as environmental wear). The most common composite materials found in pricey brake discs seen only in sports cars are metal, ceramic, and carbon. For the system to operate as intended, the disc's and the pads' combined materials are essential.
The demand for car brake pads has significantly decreased, as has the supply chain, as a result of many COVID-19 regulations in numerous nations. Car brake pad sales decreased as the demand for automobiles was affected. The manufacturing of automotive components is typically distributed across several nations, and the imposition of protocols by each nation caused supply chain management to become disturbed. To stimulate the market, the government is working to increase regional demand when manufacturing operations have resumed. Additionally, it intends to concentrate on putting policies into place that control technology, production, import/export, and recycling of automobiles, parts, and services.
For instance, according to this research from the International Labor Office in Geneva, the decline in demand for Automotive Brake Pads can be attributed to the decline in demand for Automobiles overall. It is evident on several different levels that the reduction in new car sales has coincided with a decline in French households' new car purchasing power. First off, there has been a notable fall in the share of new automobile sales to households. In France, sales of new cars to businesses now take precedence over sales to homes. Second-hand cars are a major factor in the increasing motorization of households, and as a whole, France's car fleet is aging.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.
Brembo introduces a new aftermarket pad strategy for the first time in the world at AAPEX & SEMA with “Xtra” brake pads. The newest braking technology improves performance and contributes to a greener environment, and a new visual identity for the pad range makes identification simple.
ZF Aftermarket introduces three TRW products in India to facilitate automobile brake maintenance. The three new TRW products are brake discs, brake pads, and shock absorbers, which are now produced in India.
Top Companies Market Share in Automotive Brake Pad Industry: (In no particular order of Rank)
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The regional analysis offers Automotive Brake Pad market size, share and a detailed analysis for each region. This quantitative as well as qualitative information is crucial for new entrants along with companies operating in Automotive Brake Pad market . Automotive Brake Pad market production and consumption can vary significantly from one region to another owing to factors such as, the availability of raw materials, regulatory environments, and others.
The current report Scope analyzes Automotive Brake Pad Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Automotive Brake Pad Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Brake Pad Industry growth. Automotive Brake Pad market has been segmented with the help of its Braking System Type, Vehicle Type Material Type, and others. Automotive Brake Pad market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Electromagnetic Braking Systems hold a prominent market share due to their significant braking power and efficiency, making them an expensive yet safest braking system, and is equipped in most luxury cars and supercars due to the need-based characteristics and government compliance. Factors such as rising disposable income, evolving technology trends, and aspirational lifestyles in the automobile sector also contribute to the growth of this upscale market segment. Additionally, the growing shift towards EVs in the automobile industry also contributes to the rise in demand for this braking system; making it the most viable and lightweight alternative for the EVs.
Servo Braking Systems are the fastest-growing category over the forecast period due to more efficient braking power, coupled with affordability. Growing concerns over safety and regulations related make Servo Braking Systems most viable for Lower and Mid-priced vehicles, further driving demand for Automotive Brake Pad among wider demographics in the automobile sector.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Automotive Brake Pad Industry. Request a Free Sample PDF!
According to Cognitive Market Research, Passenger Cars held the major market share over the forecast period due to the rising demand for modern cars, equipped with safer technologies. The market benefits from favouring safety regulations in the automobile industry, and the need-based characteristics associated with the market. Furthermore, the segment dominates due to the rise in the launch of new models which are likely to boost sales; benefitting from regular upgradation and offerings provided by the vehicle manufacturers.
Commercial Vehicles are the fastest-growing category over the forecast period. Expanding logistics and construction industries, these vehicles often operate under heavy loads, necessitating efficient braking systems for safety at high speeds. Additionally, the recent increase in public and private transportation projects, especially in emerging countries, is anticipated to further fuel the demand for commercial vehicles, thus impacting the brake pads market positively.
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According to Cognitive Market Research, Ceramic Brake Pads hold a prominent market share due to their durability, efficiency, and eco-friendliness. Ceramic brake pads are favoured for their ability to withstand high temperatures and provide improved performance with low dust production, fueling growth in the global Automotive Brake Pad market. Furthermore, this makes them a preferred choice due to their adaptability to high-performance and safer vehicles.
Semi-metallic brake pads are the fastest-growing category over the forecast period due to their strong shear and bonding strength in brake systems. The inclusion of metallic materials, such as steel and iron, offers high thermal stability to brake systems, enhancing the product’s demand.
According to Cognitive Market Research, OEMs hold a prominent market share due to the preexisting market structure, and the ability to provide predesigned products specifically for vehicle models, ensuring optimal performance and compatibility. Additionally, the OEM provides a vast marketplace for a diverse range of Automotive Brake Pad designs, catering to changing consumer preferences and the specific contribution to the R&D of the market’s products.
Aftermarket is the fastest-growing category over the forecast period due to the demand for cost-effective alternatives and customisation options. Aftermarket brake pads offer a wide range of choices for different driving conditions and preferences, contributing to their growing popularity among vehicle owners looking for upgrades or replacements beyond the standard OEM offerings.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Brake Pad Market is witnessing significant growth in the near future.
In 2023, the Electromagnetic Braking System segment accounted for noticeable share of global Automotive Brake Pad Market and is projected to experience significant growth in the near future.
The Two Wheelers segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Continental AG , ZF Friedrichshafen AG and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Braking System Type | Electromagnetic Braking System, Servo Braking System, Mechanical Braking System |
Vehicle Type | Two Wheelers, Passenger Cars, Commercial Vehicles |
Material Type | Semi-Metallic, Ceramic, Low-Metallic, Non-Asbestos Organic (NAO) |
Distribution Channel Type | OEMs, Aftermarket |
List of Competitors | Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Akebono Brake Industry Co Ltd, ADVICS Co.Ltd., Brake Parts Inc., Brembo S.p.A, Delphi Technologies (BorgWarner Inc. ), EBC Brakes, ITT Inc., Nisshinbo Brake Inc., Tenneco Inc. |
This chapter will help you gain GLOBAL Market Analysis of Automotive Brake Pad. Further deep in this chapter, you will be able to review Global Automotive Brake Pad Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Automotive Brake Pad. Further deep in this chapter, you will be able to review North America Automotive Brake Pad Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Automotive Brake Pad. Further deep in this chapter, you will be able to review Europe Automotive Brake Pad Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Automotive Brake Pad. Further deep in this chapter, you will be able to review Asia Pacific Automotive Brake Pad Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Automotive Brake Pad. Further deep in this chapter, you will be able to review South America Automotive Brake Pad Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Automotive Brake Pad. Further deep in this chapter, you will be able to review Middle East and Africa Automotive Brake Pad Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Automotive Brake Pad. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Braking System Type Analysis 2019 -2031, will provide market size split by Braking System Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Braking System Type Analysis 2021 - 2033
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Chapter 11 Market Split by Vehicle Type Analysis 2021 - 2033
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Chapter 12 Market Split by Material Type Analysis 2021 - 2033
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Chapter 13 Market Split by Distribution Channel Type Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Brake Pad market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Electromagnetic Braking System have a significant impact on Automotive Brake Pad market? |
What are the key factors affecting the Electromagnetic Braking System and Servo Braking System of Automotive Brake Pad Market? |
What is the CAGR/Growth Rate of Two Wheelers during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Brake Pad Market? |
Which region is expected to dominate the global Automotive Brake Pad Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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