Global Brake Pad Set Market Overview:
A brake pad is a thin block that presses onto the disk in a disk brake to make a vehicle go stop or slower. Brake pads are the most sensitive friction part in a braking system, between all the constraints from the brake discs and the piston of the calliper. Growing automotive industry worldwide is one of the major factor driving the growth of the market.
- Growing Automotive Industry Worldwide
- Stringent Government Regulations towards Safety and Security
- The Availability of Counterfeit Brake Pad Products
- Inappropriate Road Conditions Leading To Replacements of Parts
Some of the key players profiled in the report are Nisshinbo Industries (Japan), Brembo (Italy), Akebono Brake Corporation (United States), ZF TRW (United States), TMD Friction Holdings (Germany), Federal-Mogul Corporation (United States), Continental (Germany), AC Delco (United States), EBC Brakes (United Kingdom), Robert Bosch (Germany), Delphi Automotive (Ireland) and Japan Brake (Japan). Analyst at AdvanceMarketAnalytics see United States and Japanese Vendors to retain maximum share of Global Brake Pad Set market by 2024. Considering Market by Sales Channel, the sub-segment i.e. OEM will boost the Brake Pad Set market.
On 5 March 2019, Automotive braking system components manufacturer Akebono Brake Corp. has expanded its portfolio, offering four Pro-Act and two Euro disc brake pad kits.
In September 2018, under its TRW brand, ZF Aftermarket introduced the first brake pad specifically designed for Electric Vehicles. With a staggering 97 % of the European electric car parc covered within months of launch, including Tesla and Nissan Leaf, demand is only set to increase. The program, known as Electric Blue, will be expanded with products for a hybrid that is already in the testing process.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Brake Pad Set market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Brake Pad Set market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Brake Pad Set Manufacturers, Brake Pad Set Traders/Distributors, Brake Pad Set Importer/Exporter, Industry Associations, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.