Global Automotive Brake Pad Market Size Study, by Sales Channel, by Material, by Position, by Vehicle Type, and Regional Forecasts 2022-2032

Description

Global Automotive Brake Pad Market was valued at approximately USD 3.8 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.6% over the forecast period 2024-2032. Brake pads are crucial friction components in automotive braking systems, playing a vital role in reducing vehicle speed and ensuring overall safety and control. These components are fabricated from diverse materials such as metallic, ceramic, and organic compounds, each with specific attributes regarding performance, longevity, and noise reduction. With the growing integration of disc brakes in passenger and commercial vehicles for enhanced braking performance, the demand for superior brake pad materials continues to rise. This evolution is driving significant market expansion.

The Global Automotive Brake Pad Market growth trajectory is the surging global production of vehicles and the increased focus on performance-enhancing, durable automotive components. Stricter regulatory mandates surrounding vehicle safety standards are further fueling demand for advanced brake pad solutions. Additionally, rising raw material prices and the relatively higher costs of premium brake pads present obstacles to market growth. Despite these challenges, numerous opportunities are emerging. The accelerating adoption of electric vehicles (EVs), which necessitate specialized braking systems, and the push for eco-friendly, sustainable brake pad technologies are fostering long-term market potential.

The key regions considered for the market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, the market is witnessing dominance from the Asia-Pacific region, largely due to its vast automotive manufacturing infrastructure, particularly in key markets such as China, Japan, and India. Rapid economic growth and increasing vehicle ownership are pivotal in driving demand for automotive components in the region. Conversely, North America is projected to register the highest growth rate in the coming years, propelled by advancements in braking technology, increased adoption of electric vehicles, and stringent safety regulations.

Major market players profiled in the report include

ZF Friedrichshafen AG

Brembo S.p.A

Robert Bosch GmbH

EBC Brakes

Continental AG

Delphi Technologies (BorgWarner Inc.)

Akebono Brake Industry Co Ltd

Nisshinbo Brake Inc.

Tenneco Inc.

ITT Inc.

ADVICS Co., Ltd.

Brake Parts Inc

The detailed segments and sub-segments of the market are explained below:

By Sales Channel:

OEM
Aftermarket

By Material:

Low Metallic NAO
Ceramic
Semi Metallic
Non Asbestos Organic

By Position:

Front
Front and Rear

By Vehicle Type:

Two Wheelers
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
ROE

Asia Pacific:

China
India
Japan
Australia
South Korea
RoAPAC

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Automotive Brake Pad Market Executive Summary

1.1. Global Automotive Brake Pad Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Sales Channel
- 1.3.2. By Material
- 1.3.3. By Position
- 1.3.4. By Vehicle Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Brake Pad Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Brake Pad Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Global Vehicle Production
- 3.1.2. Increased Demand for Performance and Durability
- 3.1.3. Stricter Vehicle Safety Standards
3.2. Market Challenges
- 3.2.1. High Cost of Advanced Brake Pads
- 3.2.2. Fluctuating Raw Material Prices
3.3. Market Opportunities
- 3.3.1. Growing Demand for EVs and Specialized Brake Systems
- 3.3.2. Advancements in Eco-friendly Brake Pad Technologies

Chapter 4. Global Automotive Brake Pad Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Automotive Brake Pad Market Size & Forecasts by Sales Channel (2022-2032)

5.1. Segment Dashboard
5.2. Global Automotive Brake Pad Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. OEM
- 5.2.2. Aftermarket

Chapter 6. Global Automotive Brake Pad Market Size & Forecasts by Material (2022-2032)

6.1. Segment Dashboard
6.2. Global Automotive Brake Pad Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Low Metallic NAO
- 6.2.2. Ceramic
- 6.2.3. Semi Metallic
- 6.2.4. Non Asbestos Organic

Chapter 7. Global Automotive Brake Pad Market Size & Forecasts by Position (2022-2032)

7.1. Segment Dashboard
7.2. Global Automotive Brake Pad Market: Position Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Front
- 7.2.2. Front and Rear

Chapter 8. Global Automotive Brake Pad Market Size & Forecasts by Vehicle Type (2022-2032)

8.1. Segment Dashboard
8.2. Global Automotive Brake Pad Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Two Wheelers
- 8.2.2. Passenger Cars
- 8.2.3. Light Commercial Vehicles
- 8.2.4. Heavy Commercial Vehicles

Chapter 9. Global Automotive Brake Pad Market Size & Forecasts by Region (2022-2032)

9.1. North America Automotive Brake Pad Market
- 9.1.1. U.S. Automotive Brake Pad Market
  - 9.1.1.1. Sales Channel Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.2. Material Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.3. Position Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.4. Vehicle Type Breakdown Size & Forecasts, 2022-2032
- 9.1.2. Canada Automotive Brake Pad Market
9.2. Europe Automotive Brake Pad Market
- 9.2.1. U.K. Automotive Brake Pad Market
- 9.2.2. Germany Automotive Brake Pad Market
- 9.2.3. France Automotive Brake Pad Market
- 9.2.4. Spain Automotive Brake Pad Market
- 9.2.5. Italy Automotive Brake Pad Market
- 9.2.6. Rest of Europe Automotive Brake Pad Market
9.3. Asia-Pacific Automotive Brake Pad Market
- 9.3.1. China Automotive Brake Pad Market
- 9.3.2. India Automotive Brake Pad Market
- 9.3.3. Japan Automotive Brake Pad Market
- 9.3.4. Australia Automotive Brake Pad Market
- 9.3.5. South Korea Automotive Brake Pad Market
- 9.3.6. Rest of Asia Pacific Automotive Brake Pad Market
9.4. Latin America Automotive Brake Pad Market
- 9.4.1. Brazil Automotive Brake Pad Market
- 9.4.2. Mexico Automotive Brake Pad Market
- 9.4.3. Rest of Latin America Automotive Brake Pad Market
9.5. Middle East & Africa Automotive Brake Pad Market
- 9.5.1. Saudi Arabia Automotive Brake Pad Market
- 9.5.2. South Africa Automotive Brake Pad Market
- 9.5.3. Rest of Middle East & Africa Automotive Brake Pad Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. ZF Friedrichshafen AG
- 10.1.2. Brembo S.p.A
- 10.1.3. Robert Bosch GmbH
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. EBC Brakes
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Continental AG
- 10.3.3. Delphi Technologies (BorgWarner Inc.)
- 10.3.4. Akebono Brake Industry Co Ltd
- 10.3.5. Nisshinbo Brake Inc.
- 10.3.6. Tenneco Inc.
- 10.3.7. ITT Inc.
- 10.3.8. ADVICS Co., Ltd.
- 10.3.9. Brake Parts Inc.

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes