Pune, 7, April, 2023: Maximize Market Research, an Automotive and Transportation business research firm has published a report on the “Brake Pad Market”. As per the report, the total global market for “Brake Pad” was USD 5.25 Bn in 2021 and is expected to grow at a CAGR of 10.94 percent over the forecast period to reach USD 12.05 Bn by 2029.
Brake Pad Market Report Scope and Research Methodology
The Brake Pad market has been analyzed at global, regional and country levels. The segment-wise and region-wise analysis of the Brake Pad market dynamics including drivers, restraints, challenges and opportunities has been provided in the report. This detailed analysis of the market makes the report an investor’s guide.
A bottom-up approach has been used to estimate the Brake Pad market size. Key Players in the Brake Pad market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included a review of annual and financial reports of leading manufacturers, while primary research included interviews with important opinion leaders and Brake Pad industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the Brake Pad key players in the industry.
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Brake Pad Market Dynamics
The global Brake Pad Market is majorly driven by the increasing sales of vehicles. The increasing demand for lightweight and advanced friction materials is one of the major factors driving the market growth. The market is expected to be influenced by the increasing use of pads due to their features including stable coefficient of friction and low noise characteristics. The factor that is positively affecting the Brake Pad Market is the increasing demand for eco-friendly vehicles. The development of advanced manufacturing technologies is creating various profitable opportunities for market growth. The increase in the prices of raw materials is the main restraining factor for market growth.
Brake Pad Market Regional Insights
The Brake Pad Market in the Asia Pacific region is expected to grow at a high rate during the forecast period. The growth of the market is majorly attributed to the increasing production and sales of vehicles in the region. The increase in the manufacturing of passenger cars and disposable income of people are also contributing majorly to the regional market growth.
The Brake Pad Market in the Europe region is expected to grow at a high rate during the forecast period. The growth of the market is mainly attributed to the orders issued by government agencies to install disc brakes.
Brake Pad Market Segmentation
By Brake Pad Material
- Metallic
- Ceramic
- Organic
By Vehicle Type
- Two Wheeler Vehicle
- Passenger Vehicle
- Commercial Vehicle
- Off-road Vehicle
By Sales Channel
- OEM
- Aftermarket
Brake Pad Key Competitors include:
- General Motors (US)
- PowerStop (US)
- Brake Parts Inc. (US)
- Tenneco (US)
- SSBC Brake Pad (US)
- WAGNER (US)
- Bendix (US)
- Hawk Performance (US)
- Wilwood Engineering, Inc (US)
- Muller Brakes (US)
- Robert Bosch GmbH (Germany)
- ATE Brakes (Germany)
- Japan Brake Industrial Co., Ltd. (Japan)
- AISIN SEIKI Co., Ltd. (Japan)
- Akebono Brake Industry (Japan)
- MACAS AUTOMOTIVE (India)
- Masu Brake (India)
- ASK Automotive Pvt. Ltd. (India)
- EBC Brakes (UK)
- Ferodo (UK)
- Hardex (Canada)
- Pertec Brake Pads (Canada)
- FBK Brake Pads(Malaysia)
- Bremtec (Australia)
- Brembo (Italy)
- Centric Parts (US)
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Table of Content for Brake Pad Market
- Global Brake Pad Market: Research Methodology
- Global Brake Pad Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Brake Pad Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Brake Pad Market Segmentation
- Global Market, by Brake Pad Material (2021-2029)
- Global Market, by Vehicle Type (2021-2029)
- Global Market, by Sales Channel (2021-2029)
- Regional Brake Pad Market (2021-2029)
- Regional Market, by Brake Pad Material (2021-2029)
- Regional Market, by Vehicle Type (2021-2029)
- Regional Market, by Sales Channel (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key questions answered in the Brake Pad Market are:
- What is Brake Pad?
- What was the Brake Pad Market size in 2021?
- What is the expected Brake Pad Market Size by 2029?
- Which segment of the Brake Pad Market is expected to grow at a high rate during the forecast period?
- What are the major drivers of the Brake Pad Market?
- What are the major challenges for the Brake Pad Market?
- What are the factors restraining the Brake Pad Market growth?
- What are the upcoming industry applications and trends for the Brake Pad Market?
- What are the factors contributing to the final price of the Brake Pad Vehicle Types?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Brake Pad Market?
- What growth strategies are the players considering to increase their presence in Brake Pad Market?
- Who held the largest Brake Pad Market share?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Vehicle Type, Brake Pad Material, Sales Channel and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Brake Lines Market– The market size is expected to reach USD 37.93 billion by 2029 at a CAGR of 3.97 percent during the forecast period. The market is expected to be driven by the increasing production of vehicles and increasing demand for lightweight automobiles.
Brake System Market– The market size is expected to reach USD 30.19 billion by 2029 at a CAGR of 4.8 percent during the forecast period. The market is expected to be driven by increasing automotive production and increasing demand for electric vehicles.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Vehicle Types and substances, general merchandise, beverBrake Pad Materials, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Vehicle Typeion and demand analysis, and client impact studies.
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