Automotive Brake Pads Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023 - 2032
The rising demand for electric vehicles promises major growth for the automotive brake pads market. According to historic data, electric components contributed to just 1% of vehicle make-ups during 1930. However, today this make-up amounts to more than 30% in all vehicles. Moreover, International Energy Agency estimates that over 9 million people have delayed their demand for vehicle purchase in 2019, and this demand will likely be restored as financial crisis during the covid-19 pandemic promises to settle down with the vaccination drives on the horizon. Furthermore, the advent of technologies like 3D printing, automotive installation, repair, and maintenance promise to get a major boost, along with key cost-effective, and improved efficiency in automotive brake pad manufacturing.
The Limitations of Asbestos-based Manufacturing to Drive Competitive R&D and New Opportunities:
Asbestos, a conventional material for development of brake systems has come under scanner, due to its rising association with cancer. Hence, currently the brake pad manufacturing is witnessing a major investment in R&D to deliver new types of braking mechanism to replace asbestos in production. Despite the challenging nature of the tasks, new research shows that alternatives like waste banana peels promise to improve performance on various benchmarks including wear, friction, density, and hardness tests. Moreover, growing research also promises to reduce disk-braking noise for cars with reduction in braking contact area. The growing investment in R&D will open more opportunities for new players in the automotive brake pads market, as conventional solution promises to make way for new opportunities for growth.
3D Printing Promises to Solve Major Conventional Promises to Drive Growth:
Automotive brake pads, with its small component size remains a complex task for traditional manufacturing which values mass-production. However, new 3D printing or additive manufacturing promises to deliver rapid prototypes with major cost-cutting advantages. Apart from cost-cutting, the technology also promises to reduce heat, which is often cause of failures in braking systems. According to NHTSA, rising advancement in technology has reduced the vehicle stopping time by about 30%. Furthermore, technologies like 3D printing also make way for better braking pads for racing vehicles, and promise niche markets for electric vehicle branding, a competition that will likely heat up as more car manufacturers launch electric vehicles in the market. The 3D printed brake systems also promise to be more lightweight, making way for advanced braking systems to reduce weight, and subsequently, fuel-usage.
Asia Pacific Region Will Drive Robust Opportunities in Luxury Car Market:
The demand for electric vehicles continues to drive growth of the automotive brake pads market in North America. However, the luxury car segment in North America has taken a backseat, as consumer demand prefers functionality over the social standing in matured markets. On the other hand, new markets like Asia Pacific promise a robust growth for automotive systems as features, and luxury remain part of the core appeal for most consumers looking to improve social standing in traditional societies. The rising demand for luxury in Asia Pacific, increased investment in automotive technology in North America, and widespread electric infrastructure, and shifting consumer demand will drive major growth for the automotive brake pads market in the near future.
The key players of this market are Akebono Brake Corporation, Allied Nippon, Brakes India Private Limited, Brakewel Automotive Components India Private Limited, Continental Automotive GmbH, Ford Motor Company, Hindustan Composites Limited, Hitachi Chemical, Hunan Boyun Automobile Brake Material Co Ltd, Nisshinbo Brake Inc, Power Stop LLC, Ranbro Brakes India Limited, Rane Brake Lining Limited, Robert Bosch GmBH, Sangsin Brakes, Tenneco Inc, Wilwood Engineering Inc, ZF Friedrichshafen AG, and others.
Automotive Brake Pads Market Segmentation:
By Vehicle
- PCV
- LCV
- HCV
- Two-Wheelers
By Material
- Semi Metallic
- Non-Asbestos Organic (NAO)
- Low-Metallic NAO
- Ceramic
By Sales Channel
- OEM
- Aftermarket
By Position
- Front
- Front and Rear
By Regions
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of APAC
- South America
- Brazil
- Rest of South America
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of MEA
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Automotive Brake Pads Market
- Global Automotive Brake Pads Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Automotive Brake Pads Market Analysis and Forecast, by Material
- Overview and definitions
- Key segment analysis
- Global Automotive Brake Pads Market Estimates (US$ Mn), by Material, 2019 – 2032
- Semi Metallic
- Non-Asbestos Organic (NAO)
- Low-Metallic NAO
- Ceramic
- Global Automotive Brake Pads Market Analysis and Forecast, by Vehicle Type
- Overview and definitions
- Key segment analysis
- Global Automotive Brake Pads Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Global Automotive Brake Pads Market Analysis and Forecast, by Position
- Overview and definitions
- Key segment analysis
- Global Automotive Brake Pads Market Estimates (US$ Mn), by Position, 2019 – 2032
- Front
- Front and Rear
- Global Automotive Brake Pads Market Analysis and Forecast, by Sales Channel
- Overview and definitions
- Key segment analysis
- Global Automotive Brake Pads Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- Global Automotive Brake Pads Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Automotive Brake Pads Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Automotive Brake Pads Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Automotive Brake Pads Market Estimates (US$ Mn), by Material, 2019 – 2032
- Semi Metallic
- Non-Asbestos Organic (NAO)
- Low-Metallic NAO
- Ceramic
- North America Automotive Brake Pads Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- North America Automotive Brake Pads Market Estimates (US$ Mn), by Position, 2019 – 2032
- Front
- Front and Rear
- North America Automotive Brake Pads Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- North America Automotive Brake Pads Market Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Europe Automotive Brake Pads Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Automotive Brake Pads Market Estimates (US$ Mn), by Material, 2019 – 2032
- Semi Metallic
- Non-Asbestos Organic (NAO)
- Low-Metallic NAO
- Ceramic
- Europe Automotive Brake Pads Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Europe Automotive Brake Pads Market Estimates (US$ Mn), by Position, 2019 – 2032
- Front
- Front and Rear
- Europe Automotive Brake Pads Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- Europe Automotive Brake Pads Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Automotive Brake Pads Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Automotive Brake Pads Market Estimates (US$ Mn), by Material, 2019 – 2032
- Semi Metallic
- Non-Asbestos Organic (NAO)
- Low-Metallic NAO
- Ceramic
- Asia Pacific Automotive Brake Pads Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Asia Pacific Automotive Brake Pads Market Estimates (US$ Mn), by Position, 2019 – 2032
- Front
- Front and Rear
- Asia Pacific Automotive Brake Pads Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- Asia Pacific Automotive Brake Pads Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Automotive Brake Pads Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Automotive Brake Pads Market Estimates (US$ Mn), by Material, 2019 – 2032
- Semi Metallic
- Non-Asbestos Organic (NAO)
- Low-Metallic NAO
- Ceramic
- Middle East & Africa Automotive Brake Pads Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Middle East & Africa Automotive Brake Pads Market Estimates (US$ Mn), by Position, 2019 – 2032
- Front
- Front and Rear
- Middle East & Africa Automotive Brake Pads Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- Middle East & Africa Automotive Brake Pads Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East
- South America Automotive Brake Pads Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Automotive Brake Pads Market Estimates (US$ Mn), by Material, 2019 – 2032
- Semi Metallic
- Non-Asbestos Organic (NAO)
- Low-Metallic NAO
- Ceramic
- South America Automotive Brake Pads Market Estimates (US$ Mn), by Vehicle Type, 2019 – 2032
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- South America Automotive Brake Pads Market Estimates (US$ Mn), by Position, 2019 – 2032
- Front
- Front and Rear
- South America Automotive Brake Pads Market Estimates (US$ Mn), by Sales Channel, 2019 – 2032
- OEM
- Aftermarket
- South America Automotive Brake Pads Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Automotive Brake Pads Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Akebono Brake Corporation
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Allied Nippon
- Brakes India Private Limited
- Brakewel Automotive Components India Private Limited
- Continental Automotive GmbH
- Ford Motor Company
- Hindustan Composites Limited
- Hitachi Chemical
- Hunan Boyun Automobile Brake Material Co Ltd
- Nisshinbo Brake Inc
- Power Stop LLC
- Ranbro Brakes India Limited
- Rane Brake Lining Limited
- Robert Bosch GmBH
- Sangsin Brakes
- Tenneco Inc
- Wilwood Engineering Inc
- ZF Friedrichshafen AG
- Akebono Brake Corporation
- Conclusion & Recommendations
Frequently asked questions about this report
What are the factors driving the automotive brake pads market?
The growing investment in R&D will open more opportunities for new players in the automotive brake pads market, as conventional solution promises to make way for new opportunities for growth.
Which segment accounted for the largest automotive brake pads market share?
The demand for electric vehicles continues to drive growth of the automotive brake pads market in North America.
What segments are covered in the automotive brake pads market report?
The global automotive brake pads market segmented on the basis of Vehicle, Sales Channel, Material, Position and Regions.
What are the prominent automotive brake pads market players across the globe?
Major players operating in the global automotive brake pads market include Continental Automotive GmbH, Ford Motor Company, Hindustan Composites Limited, Hitachi Chemical, Hunan Boyun Automobile Brake Material Co Ltd, Nisshinbo Brake Inc, Power Stop LLC, Ranbro Brakes India Limited, Rane Brake Lining Limited, Robert Bosch GmBH, Sangsin Brakes, Tenneco Inc, Wilwood Engineering Inc, ZF Friedrichshafen AG, and others.