Press release
Automotive Brake Pads Market Size, Industry Share and Worldwide Forecast 2026
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Automotive Brake Pads Market Manufacturers include:
Makino Auto Industries Pvt.Ltd
Akebono Brake Industry Co.Ltd.
ZF Friedrichshafen
Allied-Nippon Limited
Ranbro
Brakewel Automotive Components India Pvt. Ltd.
TMD
Brakes India Pvt. Ltd.
Nisshinbo Group Company
Bosch Auto Parts
Rane Brake Lining Limited
ACDelco
STEINHOF
MAT Holdings
Hindustan Composites Limited
Brakes India Limited
U.D Holdings
The report on the automotive brake pads market is based on a qualitative and quantitative analysis of the market and its growth trajectories such as drivers, restraints, challenges and opportunities. The report also throws light on other crucial factors such as key industry developments, a list of players, detailed segmentation of the market, interesting insights, and other automotive brake pads market trends. The report is available for sale on the company website.
Advent of Hybrid vehicles to Increase Market Growth
The rise in the production of vehicles is the biggest driver for the automotive brake pads market growth. In addition to this, the rising demand for commercial vehicles and passenger cars will also help increase the automotive brake pads market size in the forecast duration. As per analyst at Fortune Business Insights(TM), "rising traffic congestion also increases the demand for better braking pads and this will help boost the market in the forecast period."
However, the advancements made in brake technologies will eventually eliminate the need for friction materials, thus impacting the market negatively. This will also propel the need for replacement units, and also hamper the overall automotive brake pads market growth.
Nevertheless, the advent of hybrid and electric vehicles are likely to attract high automotive brake pads market revenue in the forecast period.
Browse Report Summary:
https://www.fortunebusinessinsights.com/industry-reports/automotive-brake-pads-market-101911
Presence of Major Automotive Company Base to Help Asia Pacific Continue Dominance
From a geographical perspective, the global automotive brake pads market is widespread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each of these regions is categorized into countries. Among these, Asia Pacific is holding a dominant automotive brake pads market share on account of rise in production and sales of vehicles on a large scale. Additionally, this region stands as a base for major automobile companies such as Tata Motors, Suzuki Motor Corporation, Honda, Mahindra and Mahindra, Toyota Motor, and others. This is likely to help Asia Pacific continue to attract the highest automotive brake pads market revenue in the coming years as well.
Following the dominance of Asia Pacific, stands Europe at the second-largest position. Growth in this region is attributed to the rise in demand for passenger cars, coupled with the strict regulations imposed by the European government on vehicular safety.
Players focusing on Improving Brake Efficiency and Smooth Performance of Automobiles
Automotive brake pads market manufacturers are emphasizing the production of brake pads that will help to reduce the size of brake pads and improve the overall capacity of heat capacity.
Notable Industry Developments of Brake Pads Market are:
August 2013 The stopping distance for heavy-duty vehicles was reduced by 30% by the National Highway Traffic Safety Administration (NHTSA). This regulation also made multiple speed braking tests mandatory. The decline in the minimum stopping needs for both heavy and light vehicles will help augment the market.
September 2018 Royal Enfield launched a new range of bikes namely Interceptor 650 and Continental GT 650 both equipped with an oil-cooler for better performance and efficiency, advanced disk brake standard, and latest technologies such as and fuel-injection (FI).
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