Brake Pad Market (Brake Pad Material: Metallic, Ceramic, and Organic; Vehicle Type: Two Wheeler Vehicle, Passenger Vehicle, Commercial Vehicle, and Off-road Vehicle; and Sales Channel: Aftermarket and OEM)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Brake Pad market gathered revenue around USD 4.82 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.9% during the prediction period 2021 to 2027.

Brake Pad Market Size 2020 to 2027

Growth Factors:

According to the statistics of World Bank Group, GDP of the global population, measured in terms of purchasing power parity, has tripled in last few decades. This increase in purchasing power of the global population has led to a rise in sales of vehicles across the globe. The increase in sales of vehicles has boosted the demand for automotive spare parts, thus driving the global brake pad market. The increase in awareness about vehicle safety has led to the disc brakes becoming a standard feature in vehicles across most countries. Numerous automakers are mounting disc brakes on all wheels of their vehicle models. This has increased the number of brake pads required per vehicle, thus boosting the brake pad market across the globe.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Brake Pad market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Brake Pad market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 4.82 Billion by 2027
Growth Rate CAGR of 4.9% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Brake Pad Material, Sales Channel, Vehicle Type And Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned AISIN SEIKI Co., Ltd., ACDelco, Akebono Brake Corporation, ASIMCO, ASK Automotive Pvt. Ltd., Brake Parts Inc. LLC, Brembo S.p.A., EBC Brakes, Japan Brake Industrial Co., Ltd., MACAS AUTOMOTIVE, Masu Brake, Nisshinbo Brake Inc., Robert Bosch GmbH, Super Circle Auto Limited, Tenneco, TMD FRICTION HOLDINGS GMBH, Toughla Brakelinings, ZF Friedrichshafen AG, AVS BRAKE LININGS Private Limited

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Brake Pad market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Expansion of Brake Pad Market

Government authorities of various countries have prohibited the use of certain hazardous raw materials in brake pads, and have made it obligatory to control the brake dust generated. Consequently, manufacturers of brake pads have developed new products made from novel materials that lower the environmental impact. For instance, in 2018, AKEBONO BRAKE INDUSTRY CO., LTD. launched a new friction material consisting of phenol resin with wood powder, which has reduced noise and vibration, and the material has less impact on the environment as compared to that of other products such as asbestos. These new raw materials provide significant opportunity for the global brake pad market.

Technological advancements in braking systems have fueled the demand for brake pads. The ABS technology increases the wear of brake pads, the wear sensors timely alert the driver of worn-out pads and numerous other such technologies increase the frequency of brake pad replacement, thus boosting the global brake pad market. Based on brake pad material, organic brake pads are gaining high popularity across the globe, owing to the lower cost of these brake pads, lower environmental concerns, and high heat transfer capabilities. These advantages make organic materials highly suitable for general-purpose applications.

Segmentation of Brake Pad Market analysis:

The global brake pad market has been segmented based on brake pad material, sales channel, vehicle type, and region

Based on brake pad material, the organic segment is anticipated to gain high market share. Brake pad manufacturers have developed non-asbestos organic brake pads that contain high amount of reinforcement fibers as compared to that in fully organic brake pads, which increases the strength of brake pads. These developments in organic brake pad materials are expected to propel its share in global brake pad market.

Based on vehicle type, the passenger vehicle segment held a significant share of the global brake pad market. Disc brakes are becoming a standard feature in most passenger vehicles available around the globe and the number of brake pads required per vehicle is increasing, thus contributing toward the higher share of the passenger vehicle segment of the brake pad market.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Brake Pad Market include:  AISIN SEIKI Co., Ltd., ACDelco, Akebono Brake Corporation, ASIMCO, ASK Automotive Pvt. Ltd., Brake Parts Inc. LLC, Brembo S.p.A., EBC Brakes, Japan Brake Industrial Co., Ltd., MACAS AUTOMOTIVE, Masu Brake, Nisshinbo Brake Inc., Robert Bosch GmbH, Super Circle Auto Limited, Tenneco, TMD FRICTION HOLDINGS GMBH, Toughla Brakelinings, ZF Friedrichshafen AG, AVS BRAKE LININGS Private Limited

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Market: Segmentation

  • Brake Pad Market, by Brake Pad Material
    • Metallic
    • Ceramic
    • Organic
  • Brake Pad Market, by Sales Channel
    • OEM
    • Aftermarket
  • Brake Pad Market, by Vehicle Type
    • Two Wheeler Vehicle
    • Passenger Vehicle
      • Hatchback
      • Sedan
      • Utility Vehicles
    • Commercial Vehicle
      • Light Duty Vehicles
      • Heavy Trucks
      • Buses & Coaches
    • Off-road Vehicle
      • Agriculture Tractors & Equipment
      • Construction & Mining Equipment
      • Industrial Vehicle (Forklift, AGV, etc.)

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Brake Pad market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Brake Pad market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Brake Pad markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Brake Pad market Study:

  • Growth of Brake Pad in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Brake Pad and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Brake Pad Consumption Analysis
  •  Brake Pad Production Analysis
  •  Brake Pad and Management

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global Brake Pad Market, By Brake Pad Material

7.1.  Brake Pad Market, by Brake Pad Material, 2021-2027

7.1.1.     Metallic

7.1.1.1.          Market Revenue and Forecast (2016-2027)

7.1.2.     Ceramic

7.1.2.1.          Market Revenue and Forecast (2016-2027)

7.1.3.     Organic

7.1.3.1.          Market Revenue and Forecast (2016-2027)

Chapter 8.    Global Brake Pad Market, By Sales Channel

8.1.  Brake Pad Market, by Sales Channel, 2021-2027

8.1.1.     OEM

8.1.1.1.          Market Revenue and Forecast (2016-2027)

8.1.2.     Aftermarket

8.1.2.1.          Market Revenue and Forecast (2016-2027)

Chapter 9.    Global Brake Pad Market, By Vehicle Type

9.1.  Brake Pad Market, by Vehicle Type, 2021-2027

9.1.1.     Two Wheeler Vehicle

9.1.1.1.          Market Revenue and Forecast (2016-2027)

9.1.2.     Passenger Vehicle

9.1.2.1.          Market Revenue and Forecast (2016-2027)

9.1.3.     Commercial Vehicle

9.1.3.1.          Market Revenue and Forecast (2016-2027)

9.1.4.     Off-road Vehicle

9.1.4.1.          Market Revenue and Forecast (2016-2027)

Chapter 10.Global Brake Pad  Market, Regional Estimates and Trend Forecast

10.1.          North America

10.1.1.  Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.1.2.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.1.3.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.1.4.  U.S.

10.1.4.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.1.4.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.1.4.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.1.5.  Rest of North America

10.1.5.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.1.5.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.1.5.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2.          Europe

10.2.1.  Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.2.2.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.3.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2.4.  UK

10.2.4.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.2.4.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.4.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2.5.  Germany

10.2.5.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.2.5.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.5.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2.6.  France

10.2.6.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.2.6.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.6.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.2.7.  Rest of Europe

10.2.7.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.2.7.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.2.7.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3.          APAC

10.3.1.  Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.3.2.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.3.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3.4.  India

10.3.4.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.3.4.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.4.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3.5.  China

10.3.5.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.3.5.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.5.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3.6.  Japan

10.3.6.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.3.6.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.6.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.3.7.  Rest of APAC

10.3.7.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.3.7.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.3.7.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4.          MEA

10.4.1.  Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.4.2.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.3.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4.4.  GCC

10.4.4.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.4.4.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.4.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4.5.  North Africa

10.4.5.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.4.5.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.5.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4.6.  South Africa

10.4.6.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.4.6.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.6.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.4.7.  Rest of MEA

10.4.7.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.4.7.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.4.7.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.5.          Latin America

10.5.1.  Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.5.2.  Market Revenue and Forecast, by Sales Channel (2016-2027)

10.5.3.  Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.5.4.  Brazil

10.5.4.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.5.4.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.5.4.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

10.5.5.  Rest of LATAM

10.5.5.1.       Market Revenue and Forecast, by Brake Pad Material (2016-2027)

10.5.5.2.       Market Revenue and Forecast, by Sales Channel (2016-2027)

10.5.5.3.       Market Revenue and Forecast, by Vehicle Type (2016-2027)

Chapter 11.   Company Profiles

11.1.                 AISIN SEIKI Co., Ltd

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.                 ACDelco

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.                 Akebono Brake Corporation,

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.                 ASIMCO

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.                 ASK Automotive Pvt. Ltd.

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.                 Brake Parts Inc. LLC

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.                 Brembo S.p.A.

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.                 EBC Brakes

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.                 Japan Brake Industrial Co., Ltd

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.              MACAS AUTOMOTIVE

11.10.1.                   Company Overview

11.10.2.                   Product Offerings

11.10.3.                   Financial Performance

11.10.4.                   Recent Initiatives

Chapter 12.   Research Methodology

12.1.                 Primary Research

12.2.                 Secondary Research

12.3.                 Assumptions

Chapter 13.   Appendix

13.1.                 About Us

13.2.                 Glossary of Terms

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