Press release
Metallic Brake Pads Market will reach 10800 million US$ in 2023
Brake Pads are components of brake systems used in automotive and other applications. Brake pads are friction materials which bound to the surface that faces the brake rotor and take the brunt of the frictional force necessary to stop the car. In a disc brake system, the brake pedal activates a hydraulic line which squeezes the calipers against the rotors of the car's tires. Pads are positioned between the calipers and the rotors to absorb the energy and heat, and then provide enough grips to stop the car.
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Global Metallic Brake Pads Market: Forecast by Type / Application / Region
As we can see from the past few years, the brake pads industry has developed rapidly for many years and the technology is mature. The key manufacturers mainly distribute in USA, Europe and Japan regions, where the automobile industry is quite developed. And the manufacturers’ bases are located all over the world. Some key manufactures have their own brake pads brands, and manufactures brake pads products for the auto maker and the leading brake pad producers as OEM. The key OEM producer includes Federal Mogul, Bosch, ITT Corporation, TRW Automotive, Nisshinbo Group Company, and Akebono etc.
In China, the brake pad industry also developed rapidly and leaded the world brake pads markets. There are over three hundred manufacturers located in the developed areas of China. Some manufacturers make brake pads products for the global leading producers as an OEM. At the same time, the leading manufacturers have built their factories in China, such as Federal Mogul, Bosch, Nisshinbo Group Company etc.
The worldwide market for Metallic Brake Pads is expected to grow at a CAGR of roughly 1.4% over the next five years, will reach 10800 million US$ in 2023, from 9880 million US$ in 2017, according to a new GIR (Global Info Research) study.
This report focuses on the Metallic Brake Pads in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Global Nonferrous Metal Recycling Market:Key Players
BOSCH
Federal Mogul
TRW
Nisshinbo Group Company
Akebono
MAT Holdings
Delphi Automotive
ITT Corporation
Sangsin Brake
Sumitomo
Hitachi Chemical
ATE
BREMBO
ADVICS
Acdelco
Brake Parts Inc
ICER
Fras-le
EBC Brakes
ABS Friction
Shandong Gold Phoenix
Shangdong xinyi
SAL-FER
Hunan BoYun
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Related Information:
United States Metallic Brake Pads Market 2018 Forecast to 2023
Europe Metallic Brake Pads Market 2018 Forecast to 2023
North America Metallic Brake Pads Market 2018 Forecast to 2023
Asia-Pacific Metallic Brake Pads Market 2018 Forecast to 2023
China Metallic Brake Pads Market 2018 Forecast to 2023
EMEA Metallic Brake Pads Market 2018 Forecast to 2023
Global Metallic Brake Pads Market 2018 Forecast to 2023
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