Global Automotive Brake Pad Market Size Study, By Material Type (Ceramic Brake Pad, Asbestos Brake Pad, Non-Asbestos Organic Brake Pad, Metallic Brake Pad, Semi-Metallic Brake Pad) by Vehicle Type (Commercial Vehicle, Passenger Vehicle) and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: GCB5F3C6E8A1EN
Bizwit Research & Consulting LLP

Abstracts

The Global Automotive Brake Pad Market is valued at approximately USD 4.26 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.0% over the forecast period 2024-2032. Automotive brake pads are indispensable components of the braking system, ensuring vehicles decelerate or stop efficiently and safely. Composed of materials such as ceramic, organic, and semi-metallic compounds, these pads are engineered to endure high friction and temperatures, guaranteeing optimal performance. As vehicles remain in constant motion, brake pads undergo wear and tear, necessitating regular replacements to maintain safety standards.

The automotive brake pad market is poised for substantial growth, driven by escalating vehicle sales and the advent of lightweight friction materials. The market is further bolstered by increasing imports of brake components and an intensified focus on vehicle safety. Moreover, technological advancements in brake pad materials and rising demand from automotive players are key growth drivers. However, the market faces challenges such as the rising costs of raw materials and stringent regulatory standards. Nonetheless, the growing preference for eco-friendly brake pads, the expansion of the automotive aftermarket, and the heightened demand for high-performance brake pads present lucrative opportunities for market players.

North America commands a dominant position in market revenue due to its innovative strides and the widespread adoption of advanced brake pad technologies. Stringent regulations by U.S. agencies, like the EPA’s mandate for copper-free brakes, have significantly influenced the market's resurgence in the region. The U.S. is projected to generate an absolute dollar opportunity growth of USD 451.3 million from 2022 to 2032, reflecting the region's potential for market expansion. The Asia-Pacific region exhibit promising growth trajectories, driven by their robust automotive industries and technological advancements.

Major market players included in this report are:

Robert Bosch LLC

Maruti Suzuki India Limited

Dynamic Friction Company

EBC Brakes

HELLA GmbH & Co. KGaA

Hitachi Astemo, Ltd.

Delphi Technologies

Masu Brakes

SKF

TOMEX Brakes sp. z o.o. sp.k.

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

By Material Type:

• Ceramic Brake Pad
• Asbestos Brake Pad
• Non-Asbestos Organic Brake Pad
• Metallic Brake Pad
• Semi-Metallic Brake Pad

By Vehicle Type:

• Commercial Vehicle
• Passenger Vehicle

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.

Contents

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 Material Type
  1.3.2. 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. Increasing Vehicle Sales
  3.1.2. Advancements in Brake Pad Materials
  3.1.3. Growing Focus on Vehicle Safety
3.2. Market Challenges
  3.2.1. Rising Raw Material Costs
  3.2.2. Stringent Regulatory Standards
3.3. Market Opportunities
  3.3.1. Demand for Eco-friendly Brake Pads
  3.3.2. Expansion of Automotive Aftermarket
  3.3.3. Demand for Performance-oriented Brake Pads

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 opportunity
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 MATERIAL TYPE 2022-2032

5.1. Segment Dashboard
5.2. Global Automotive Brake Pad Market: Material Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Ceramic Brake Pad
  5.2.2. Asbestos Brake Pad
  5.2.3. Non-Asbestos Organic Brake Pad
  5.2.4. Metallic Brake Pad
  5.2.5. Semi-Metallic Brake Pad

CHAPTER 6. GLOBAL AUTOMOTIVE BRAKE PAD MARKET SIZE & FORECASTS BY VEHICLE TYPE 2022-2032

6.1. Segment Dashboard
6.2. Global Automotive Brake Pad Market: Vehicle Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Commercial Vehicle
  6.2.2. Passenger Vehicle

CHAPTER 7. GLOBAL AUTOMOTIVE BRAKE PAD MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Automotive Brake Pad Market
  7.1.1. U.S. Automotive Brake Pad Market
    7.1.1.1. Material Type breakdown size & forecasts, 2022-2032
    7.1.1.2. Vehicle Type breakdown size & forecasts, 2022-2032
  7.1.2. Canada Automotive Brake Pad Market
7.2. Europe Automotive Brake Pad Market
  7.2.1. U.K. Automotive Brake Pad Market
  7.2.2. Germany Automotive Brake Pad Market
  7.2.3. France Automotive Brake Pad Market
  7.2.4. Spain Automotive Brake Pad Market
  7.2.5. Italy Automotive Brake Pad Market
  7.2.6. Rest of Europe Automotive Brake Pad Market
7.3. Asia-Pacific Automotive Brake Pad Market
  7.3.1. China Automotive Brake Pad Market
  7.3.2. India Automotive Brake Pad Market
  7.3.3. Japan Automotive Brake Pad Market
  7.3.4. Australia Automotive Brake Pad Market
  7.3.5. South Korea Automotive Brake Pad Market
  7.3.6. Rest of Asia Pacific Automotive Brake Pad Market
7.4. Latin America Automotive Brake Pad Market
  7.4.1. Brazil Automotive Brake Pad Market
  7.4.2. Mexico Automotive Brake Pad Market
  7.4.3. Rest of Latin America Automotive Brake Pad Market
7.5. Middle East & Africa Automotive Brake Pad Market
  7.5.1. Saudi Arabia Automotive Brake Pad Market
  7.5.2. South Africa Automotive Brake Pad Market
  7.5.3. Rest of Middle East & Africa Automotive Brake Pad Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Robert Bosch LLC
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. Maruti Suzuki India Limited
  8.3.3. Dynamic Friction Company
  8.3.4. EBC Brakes
  8.3.5. HELLA GmbH & Co. KGaA
  8.3.6. Hitachi Astemo, Ltd.
  8.3.7. Delphi Technologies
  8.3.8. Masu Brakes
  8.3.9. SKF
  8.3.10. TOMEX Brakes sp. z o.o. sp.k.

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

List Of Tables

LIST OF TABLES

TABLE 1. Global Automotive Brake Pad market, report scope
TABLE 2. Global Automotive Brake Pad market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Automotive Brake Pad market estimates & forecasts by Material Type 2022-2032 (USD Billion)
TABLE 4. Global Automotive Brake Pad market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 5. Global Automotive Brake Pad market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Automotive Brake Pad market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Automotive Brake Pad market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Automotive Brake Pad market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Automotive Brake Pad market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Automotive Brake Pad market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Automotive Brake Pad market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Automotive Brake Pad market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Automotive Brake Pad market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Automotive Brake Pad market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Automotive Brake Pad market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Automotive Brake Pad market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Automotive Brake Pad market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Automotive Brake Pad market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Automotive Brake Pad market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Automotive Brake Pad market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

List Of Figures

LIST OF FIGURES

FIG 1. Global Automotive Brake Pad market, research methodology
FIG 2. Global Automotive Brake Pad market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Automotive Brake Pad market, key trends 2023
FIG 5. Global Automotive Brake Pad market, growth prospects 2022-2032
FIG 6. Global Automotive Brake Pad market, porters 5 force model
FIG 7. Global Automotive Brake Pad market, PESTEL analysis
FIG 8. Global Automotive Brake Pad market, value chain analysis
FIG 9. Global Automotive Brake Pad market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Automotive Brake Pad market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Automotive Brake Pad market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Automotive Brake Pad market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Automotive Brake Pad market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Automotive Brake Pad market, regional snapshot 2022 & 2032
FIG 15. North America Automotive Brake Pad market 2022 & 2032 (USD Billion)
FIG 16. Europe Automotive Brake Pad market 2022 & 2032 (USD Billion)
FIG 17. Asia-Pacific Automotive Brake Pad market 2022 & 2032 (USD Billion)
FIG 18. Latin America Automotive Brake Pad market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Automotive Brake Pad market 2022 & 2032 (USD Billion)
FIG 20. Global Automotive Brake Pad market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.