PUBLISHER: QYResearch | PRODUCT CODE: 1268526
PUBLISHER: QYResearch | PRODUCT CODE: 1268526
Due to the COVID-19 pandemic, the global Sintered Brake Pads market size was value at US$ 767.43 million in 2021 and is forecast to be a readjusted size of US$ 1,265.85 million by 2028 with a CAGR of 7.25% during the forecast period 2022-2028.
The global main manufacturers of Sintered Brake Pads include Knorr-Bremse, Wabtec, Tianyishangjia New Material, Akebono Brake Industry, Tokai Carbon, Miba, KUMA Brakes, CRRC Qishuyan Institute, SBS Friction, and Dawin Friction, etc. In 2021, the global five largest players have a share approximately 60.86% in terms of revenue.
The North America Sintered Brake Pads market size was US$ 137.10 million in 2021, while China was about US$ 224.52 million. The proportion of the China was 29.26% in 2021 and it is predicted that the share will reach 37.98% in 2028, trailing a CAGR of 10.96% through the analysis period. As for the Europe Sintered Brake Pads landscape, Germany is projected to reach US$ 73.09 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 4.80% and 6.38% respectively for the next 6-year period.
Fully considering the economic change by the COVID-19, Rail Brake Pads accounting for 69.33% of the Sintered Brake Pads global market in 2021, is projected to value US$ 838.15 million by 2028, growing at a revised 6.76% CAGR from 2022 to 2028. While OEM segment is altered to an 5.71% CAGR throughout this forecast period and will hold a share about 287.22 in 2028.
The global Sintered Brake Pads market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Sintered Brake Pads market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.