What is Brake Pads Market?
Brake pads are component of disk brake used in automobiles. Brake pads are used to convert kinetic energy to thermal energy through friction. When the brakes are hydraulically functional, the caliper clamps or squeeze the two pads together onto the rotating rotor to slow/stop the automobile. When a brake pad heats up due to interaction with the rotor, it transfers minor quantities of its friction material onto the disc, leaving a dull grey coating on it.
The market study is being classified by Type (Non-asbestos Organic Brake Pads, Low Metallic NAO Brake Pads, Semi Metallic Brake Pads and Ceramic Brake Pads), by Application (Vehicles OEM Industry and Vehicles Aftermarket Industry) and major geographies with country level break-up.
Federal Mogul (United States), Robert Bosch GmbH (Germany), TRW Automotive (United States), Nisshinbo Group Company (Japan), MAT Holdings (United States), ITT Corporation (United States), Continental Automotive GmbH (ATE) (Germany), Hoenywell (United States), Acdelco (United States) and Akebono (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Delphi Automotive (Ireland), BREMBO (Italy), Sangsin Brake (South Korea), Advics Co. ltd. (Japan), FBK Corporation (Japan) and Icer Brakes S.A. (Spain).
Research Analyst at AMA predicts that United States, European, and Japanese Vendors will contribute to the maximum growth of Global Brake Pads market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Brake Pads market by Type, Application and Region.
On the basis of geography, the market of Brake Pads 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for More Durable and Efficient Brake Pads
- Robust growth of Automobile Industry with Growing Global Vehicle Traffic
- Upsurging Adoption of Less Noisy and Durable Ceramic Brake Pads
- Brake Pads with Minimal Noise Generation and Maximum Durable
- Comparatively Expensive Ceramic Brake Pads over the Conventional Brake Pads
- Continues Inspection is required and Maximum Probability of Wear Tear Might hamper overall Business Growth
- Increasing Road Traffic across the Globe will create Numerous Opportunities
- Increasing Demand for Automobile Spare Parts across the Developing Countries
- Lack of Durability in Brake Pads Requires Continues Product Developments
- Introduction to Few Substitutes might hamper the Global Demand
Market Leaders and some development strategies
On 9th November 2018, ForeScout Technologies has acquired a portfolio company of Robert Bosch Venture Capital ‘SecurityMatters’. The respective acquisition of SecurityMatters will help ForeScout Technologies bolster its global leadership position in device visibility and control across the extended enterprise.
The United States Environmental Protection Agency (US EPA) Santa Clara Valley Nonpoint Source Pollution Control Program has identified vehicle brake pads as a major contributor of copper in stormwater. The fraction of brake pads currently in use contains an ample amount of copper. When disc brakes are applied to a moving vehicle, a portion of the pad rubs off in the form of dust and enters the environment. The copper-containing dust can enter the Bay via either stormwater or airborne particle deposition. and Thus, Local and regional agencies are reducing copper mass loads to the South San Francisco Bay in accordance with Cease and Desist Orders (CDO) issued by the San Francisco Regional Water Quality Control Board. The Regional Water Quality Control Board Basin Plan requires that the amount of copper discharged into the Bay be reduced by 57,000 lbs. per year. This reduction will come from riverine, sanitary sewer, and stormwater sources.”
Key Target AudienceBrake Pad Manufacturers, Brake Pad Distributors and Traders, Automobile Spare-Part Manufacturers, Automotive Industry Associations, Government Agencies and Others
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