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Automotive Brake Pads Research:CAGR of 2.57% during the forecast period 2024-2030

Published: 2024-10-18

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Industry: Automobile & Transportation

Automotive Brake Pads

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report “Automotive Brake Pads- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”. Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

Brake Pads are components of brake systems used in automotive and other applications. Brake pads are friction materials which bound to the surface that faces the brake rotor and take the brunt of the frictional force necessary to stop the car. In a disc brake system, the brake pedal activates a hydraulic line which squeezes the calipers against the rotors of the car's tires. Pads are positioned between the calipers and the rotors to absorb the energy and heat, and then provide enough grips to stop the car.

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https://www.qyresearch.com/reports/3337884/automotive-brake-pads

Automotive Brake Pads Market Summary

In this report, we only count brake pads, not brake shoes. The main difference between brake pads and brake shoes is: The brake shoes are a component of the drum brake system in a vehicle. They are made of a tough, heat-resistant material and are attached to the brake drum. Brake pads are a component of the disc brake system. They are the part that comes into contact with the brake rotor to slow or stop a vehicle.

Note: In the report, one unit Brake Pad represents two pieces of Brake Pads.

The global automotive brake pads market is experiencing steady growth and the global Automotive Brake Pads market size was US$ 10,973.22 million in 2023 and is forecast to a readjusted size of US$ 12,212.04 million by 2030 with a CAGR of 2.57% during the forecast period 2024-2030.

The major sales regions for automotive brake pads include North America, Europe, Asia Pacific, and Latin America. Europe is the largest market for automotive brake pads, accounting for over 30% of the global market share in 2023. North America and Asia Pacific follow closely behind. Latin America is a smaller market for automotive brake pads, but it is expected to experience significant growth in the coming years.

The automotive brake pads market is highly competitive, with several key players dominating the market. Some of the major competitors in the market include Bosch, Nisshinbo, ZF Aftermarket (TRW), and Tenneco (Federal Mogul). These companies are constantly innovating and introducing new products to stay ahead of the competition. The market concentration is not high, although the top five companies occupy most of the market share. However, some emerging brands have successfully entered the market through innovative technologies and marketing strategies, breaking the monopoly of traditional brands and reducing market concentration.

Despite the strong growth prospects for the automotive brake pads market, there are several challenges that the industry faces. One of the main challenges is the increasing demand for electric vehicles, which do not require traditional brake pads. This shift towards electric vehicles could potentially impact the demand for automotive brake pads in the future. Additionally, the market is also facing challenges related to environmental regulations and sustainability concerns. As governments around the world implement stricter emissions standards, automotive brake pad manufacturers will need to develop more environmentally friendly products to comply with these regulations.

Despite these challenges, there are also several opportunities for growth in the automotive brake pads market. One of the main opportunities is the increasing demand for high-performance brake pads in the aftermarket segment. As consumers become more conscious of safety and performance, there is a growing demand for premium brake pads that offer better stopping power and durability. Additionally, the growing trend towards autonomous vehicles and advanced driver assistance systems (ADAS) is also expected to drive the demand for advanced brake pad technologies in the coming years.

In terms of future product development trends, the automotive brake pads market is expected to see a shift towards more advanced materials and technologies. Manufacturers are increasingly focusing on developing brake pads that offer better performance, durability, and noise reduction. Ceramic brake pads, in particular, are gaining popularity due to their superior performance and longer lifespan compared to traditional brake pads. Additionally, manufacturers are also investing in research and development to develop brake pads that are more environmentally friendly and comply with stricter emissions standards. Overall, the automotive brake pads market is poised for continued growth and innovation in the coming years.

Global Automotive Brake Pads MarketSize(US$ Million), 2019-2030

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Above data is based on report from QYResearch: Global Automotive Brake Pads Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

Global Automotive Brake Pads Top25Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

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Above data is based on report from QYResearch: Global Automotive Brake Pads Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Automotive Brake Pads include BOSCH, Nisshinbo, ZF Aftermarket (TRW), Tenneco (Federal Mogul), MAT Holdings, ITT Corporation, Akebono, Sangsin Brake, Brembo, Hitachi, etc. In 2023, the global top 10 players had a share approximately 57.0% in terms of revenue.

Automotive Brake Pads,Global Market Size, Split by Product Segment

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Based on or includes research from QYResearch: Global Automotive Brake Pads Market Report 2024-2030.

In terms of product type, currently Low Metallic NAO Brake Pad is the largest segment, hold a share of 49.6%.

In terms of product application, currently Automotive Aftermarket Industry is the largest segment, hold a share of 64.4%.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Automotive Brake Pads market is segmented as below:

By Company

    BOSCH
    Nisshinbo
    ZF Aftermarket (TRW)
    Tenneco (Federal Mogul)
    MAT Holdings
    ITT Corporation
    Akebono
    Sangsin Brake
    Brembo
    Hitachi
    ADVICS
    GM (ACDelco)
    BorgWarner (Delphi)
    Shandong Gold Phoenix
    Continental (ATE)
    Fras-le
    Brake Parts Inc
    Knorr-Bremse AG
    Double Link
    SAL-FER
    ABS Friction
    Icer Brakes
    FBK
    MK Kashiyama
    EBC Brakes

Segment by Type

    Non-asbestos Organic Brake Pads
    Low Metallic NAO Brake Pads
    Semi Metallic Brake Pads
    Ceramic Brake Pads

Segment by Application

Vehicles OEM Industry
Vehicles Aftermarket Industry

Each chapter of the report provides detailed information for readers to further understand the Automotive Brake Pads market:

Chapter 1: Introduces the report scope of the Automotive Brake Pads report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Automotive Brake Pads manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Automotive Brake Pads market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Automotive Brake Pads in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Automotive Brake Pads in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Automotive Brake Pads competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Automotive Brake Pads comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Automotive Brake Pads market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:

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