Global Automobile Brake Pad Market Overview:
Brake pads are important in the brake system. It is a pad that rubs against the rotating rotor to provide the braking force to sopping the vehicle. It is one of the important components in the automobile sector. It is available in different materials. Another reason behind its high growth is that it is made up of various compounds of materials that are used and it has a short life cycle because it must be replaced over a certain period of time. Some of the key players profiled in the study are Federal Mogul (United States), Robert Bosch (Germany), TRW (United States), Nisshinbo Holdings Inc. (Japan), MAT Holdings (United States), ITT Corporation (United States), Honeywell (United States), Acdelco (United States), Akebono (Japan) and Delphi Automotive (Ireland).
On the basis of geography, the market of Automobile Brake Pad has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. OEM will boost the Automobile Brake Pad market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Position, the sub-segment i.e. Front will boost the Automobile Brake Pad market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Asbestos will boost the Automobile Brake Pad market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Government Initiatives for Stopping Distance Will Induce Significant Growth Potential in the Automotive Brake Pads
- High Adoption in Early Disk Brake Applications
- Growing Installation of Disc Brakes among Automobiles for Enhancing Braking Efficiency
- Stringent Government Regulations for Pad Manufacturing and Raw Material
- Technological up-gradation for the development of lightweight and environment-friendly braking system. These step is creating huge growth potential in the market. The rising demand for low cost of ownership is creating demand in the automobile sector.
- Rising Raw Material Cost Will Hinder the Automotive Brake Pads Market
- Limited Operating Temperature Range
Major Market Developments:
In Jan 2019, Meritor announced the expansion of air disc brake for its aftermarket portfolio, which includes brake pad offerings. This addition makes the company one of the leading providers in aftermarket solution providers.
The global automobile brake pad market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Automobile Brake Pad Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Automobile Brake Pad market on the basis of product  , application [Low Commercial Vehicles, Heavy Commercial Vehicles, Two-Wheelers and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automobile Brake Pad market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Automobile Brake Pad industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are BREMBO (Italy), Sangsin Brake (South Korea) and ADVICS (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automobile Brake Pad market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.