Press release
Automotive Brake Pad Market Research by Industry trends, market size, market share& Leading Key Players Forecast Report by 2025
Some of the key players operating in this market include: ACDelco,Robert Bosch GmbH,Delphi Technologies,Federal-Mogul LLC,Akebono Brake Corporation,ASK Automotive Pvt. Ltd.,Brembo S.p.A.,Delphi Technologies,Fras-le,Nisshinbo Brake Inc.,Super Circle Auto Limited.,ZF Friedrichshafen AG,Masu Brake,Federal-Mogul LLC,EBC Brakes,MACAS AUTOMOTIVE,Japan Brake Industrial Co., Ltd.,Brake Parts Inc. LLC.,Toughla Brakelinings
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Impact of COVID-19 on Automotive Brake Pad Market
Companies Prioritize Product Launches to Strengthen Market Position
Due to the evolving requirements of the automotive sector, the development of new automotive braking pads and innovations are expected to gain significant momentum in the automotive brake pad market. As new braking technologies continue to be launched in the market, new, efficient, and cost-effective automotive brake pads are set to feature in the automobiles in the future.
For instance, in July 2019, Dove Technologies, Inc. launched a new self-cooling brake pad in which the heat is directed away from the brake and the rotor contact area, owing to the unique design. While some companies are expected to launch new variants of automotive brake pads, other companies are inclined toward expanding their market presence by introducing innovative and high-performing disc brake technologies wherein braking pads are critical. For instance, in January 2020, Brembo, a leading brake manufacturer revealed that the company aims to strengthen its market presence by focusing on innovations and refining their disc brake technology.
Researchmoz is keeping a track of the market since 2015 and has blended the necessary historical data and analysis in the research report. Therefore, any additional data requirement can be easily fulfilled. The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc. Components such as market drivers, restraints, challenges, and opportunities for Automotive Brake Pad Market are explained in detail. It also provides a complete assessment of the expected behavior about the future market and changing market scenario.
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Industry experts and research analysts have worked extensively to prepare the research report which will help you to give that extra edge in the competitive market. The market research report can be customized according to you to your needs. This means that Researchmoz can cover a particular product, application, or can provide a detailed analysis in the report. You can also purchase a separate report for a specific region.
The study objectives of this report are:
• To analyze global Overall Automotive Brake Pad Market status, future forecast, growth opportunity, key market and key players.
• To present the Overall Automotive Brake Pad Market development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by type, market and key regions.
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Automotive Brake Pad Market: Overview
• The global automotive brake pad market is expected to expand at a CAGR of ~5% between 2020 and 2027
• Automotive disc brakes are slowly replacing drum brakes among passenger and commercial vehicles, owing to high braking efficiency and better lifespan offered by disc brakes as compared to that offered by drum brakes
• Change in regulatory norms for integration of advanced automotive braking systems is propelling the market for automotive disc brakes, which in turn is boosting the demand for automotive brake pads
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