Why Automotive Brake Pads Market is growing rapidly? ACDelco, Tenneco, Akebono Brake Corporation, Bosch USA, Steinhoff International, TVS - SUNDARAM BRAKE LININGS, Toledo Molding & Die, Inc., ZF Group
Regionally speaking, Europe is anticipated to be the net exporter of brakes and brake linings in the coming years. With the presence of renowned automotive giants like Volkswagen, BMW, Audi, Mercedes-Benz, Porsche and more, Germany would emerge as the largest importer of brakes in the EU, which is evident from the fact that imports were recorded at EUR3.1 billion in 2015 followed by France at EUR1.2 billion and the U.K. at EUR1.1 billion.
Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1367
The increasing pressure from government bodies to reduce emission and promote greener transport offers new growth prospects to brake pads manufacturers in the industry. Companies are now manufacturing eco-friendly brakes free from harmful materials like asbestos, ceramic fibers, lead or nickel. The use of greener materials will result in a significant reduction in fine particle emissions, that would promote product demand among environmentally conscious buyers.
The features of brake pads like optimum performance results, noise suppression, and enhanced safety, would promote its acceptance among renowned car brands, thereby favoring automotive brake pads market outlook.
The surging deployment of advanced braking systems and increased focus on vehicle safety are expected to propel automotive brake pads market growth over 2019-2025. Renowned for their superior braking capability, disk brakes have found increased application in today's high speed, high-performance vehicles. The product, compared to traditional drum brakes, generates less amount of heat and offers improved stopping ability, especially in wetter environments.
Primarily used in high-performance aircrafts, carbon ceramic brake pads have found prolonged application in today's commercial sports and luxury vehicles. The product, being more effective in heat dissipation, can handle extremely high temperatures while being less susceptible to corrosion from exposure to water and salt. That apart, increased consumer spending and surging sales of high-performance vehicles and brakes will also supplement carbon ceramic automotive brake pads market size.
According to reports from the India Brand Equity Foundation (IBEF), the luxury car segment in India has witnessed immense growth and depicted a CAGR of about 37% between FY07-15. Furthermore, the India luxury car market is anticipated to grow at a CAGR of 25% by 2020, with auto giants like BMW Group India and Mercedes-Benz India dominating the sector. As the demand and supply graph for such vehicles observes a consistent incline, the growth map of ceramic automotive brake pads market is bound to remain exponential.
The demand for brake pads and demand for automobiles go hand in hand. Hence, the factors which boost automotive production will also favor the expansion of automotive brake pads market share. The numerous developments in battery electric vehicles market are also projected to fuel automotive brake pads industry size over the coming years.
Make an inquiry for purchasing this report @ https://www.decresearch.com/inquiry-before-buying/1367
The presence of stringent regulatory backdrop regarding brake pad raw materials would limit growth prospects for brake pads manufacturers. For instance, the usage of asbestos is regulated under the Clean Air Act and federal laws like the Toxic Substances Control Act. Since this material is a significant component of several auto parts including brake pads and linings, restrictions on its use are likely to hinder automotive brake pads market growth.
Growing number of vehicles and stringent government norms will drive the global automotive brake pad market. Advancements in braking technology and adoption of high-performance materials will also supplement market growth. As per estimates, automotive brake pad market size to surpass USD 10 billion milestone by 2025.
Table of Contents (ToC) of the report:
Chapter 5. Automotive Brake Pads Market, By Material
5.1. Global automotive brake pads industry share by material, 2018 & 2025
5.2. Semi Metallic
5.2.1. Global market estimates and forecasts, 2013 - 2025
5.2.2. Market estimates and forecast, by region, 2013 - 2025
5.3. Non-Asbestos Organic (NAO)
5.3.1. Global market estimates and forecasts, 2013 - 2025
5.3.2. Market estimates and forecast, by region, 2013 - 2025
5.4. Low-Metallic NAO
5.4.1. Global market estimates and forecasts, 2013 - 2025
5.4.2. Market estimates and forecast, by region, 2013 - 2025
5.5.1. Global market estimates and forecasts, 2013 - 2025
5.5.2. Market estimates and forecast, by region, 2013 - 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/automotive-brake-pads-market
Contact Us: -
Website: - https://www.decresearch.com/
About Us: -
DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Why Automotive Brake Pads Market is growing rapidly? ACDelco, Tenneco, Akebono Brake Corporation, Bosch USA, Steinhoff International, TVS - SUNDARAM BRAKE LININGS, Toledo Molding & Die, Inc., ZF Group here
News-ID: 2016167 • Views: 278
More Releases from Global Market Insights, Inc.
Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across
More Releases for India
Medical Tour India | Affordable Treatment In India
We at MedCredible look after the well being of the patients seeking treatment in India. Our support staff support is well trained in handling various situations arising due to cross border differences. All the patients can avail of high-quality treatment at an extremely affordable cost in a compassionate environment combined with ethical practices. With options of over 100 + Hospitals and Institutions, we at Medcredible ensure that we connect the
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer. During the domain registration process, you will