Press release
How Increasing Vehicle Demand Is Shaping The Automotive Brake Pads Market Outlook Through 2026?
Automotive Brake Pads Market
In fact, the practice of frequent vehicle launches with innovative promotional offers have proven to be greatly effective in bolstering vehicle sales and ultimately the brake pads demand. According to Invest India reports, passenger vehicle sales grew by more than 2.70% in the financial year 2018-19. Furthermore, during April-March 2019, overall automobile exports were up by a tremendous 14.50% while the commercial vehicle sector witnessed a momentous rise of 17.55%.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1367
A new Global Market Insights Inc., report estimates, the automotive brake pads market would likely exceed a total valuation of $14.7 billion by 2026.
Why is the low metallic NAO material segment observing rising demand in the automotive brake pads market?
The low metallic NAO segment is slated to grow at a significant expansion rate of 3.8% through the forthcoming timespan. These brake pads contain a high concentration of mineral abrasives which helps them offer a better stopping power than their counterparts. The brake pads are built using an organic formula mix that includes small amounts of copper or steel. The copper or steel is added to the formulation in order to support a greater level of heat transfer and consequently provide more efficient braking as well as.
How would the growing adoption of HCVs augment the automotive brake pads industry demand?
In 2019, heavy commercial vehicles (HCV) held a momentous revenue share of more than $124 million with projections anticipating it to experience immense growth over the coming future. This growth is ascribed to the rapidly expanding construction and logistics industries. HCVs are frequently involved in work that revolves around hauling hefty loads, which is why they create a high demand for effective braking system to enhance safety.
The ongoing growth of both private and public transportation sectors throughout developing economies is expected to impel the segment share over the coming years. Taking March 2019 for instance, Meyle launched new brake pads that are specifically developed for HCVs to provide them a reduced braking distance and enhance braking performance.
Why is the automotive brake pads market expanding in Latin America?
On the regional front, growing R&D investments by key market players to offer the best product quality to their consumers is likely to push the Latin America automotive brake pads industry outlook. In fact, the regional market is likely to grow at a CAGR of approximately 3.2% throughout the forthcoming timeframe.
Brazil and Mexico are estimated to lead the regional industry share owing to the surging sales of automotive brake pads across these economies. Moreover, stringent regulatory reforms that are banning the use of asbestos-based products due to health issues would further propel the LATAM market size over the projected timeframe.
Ask For Customization According to COVID-19 Impact Analysis @ https://www.gminsights.com/roc/1367
Meanwhile, major market players are also investing towards establishing new manufacturing plants in order to expand their regional footprints as well as grow their customer base. Citing an instance, in 2019, Sangsin Technology America, the American arm of South Korean brake pads producer, Sangsin Technology, reportedly announced its plan to build a $20 million factory in McDonough, Georgia. The company would manufacture aftermarket brake pads as well as other friction products for the automotive sector in this production facility.
The competitive landscape of the automotive brake pads industry is inclusive of players like Ranbro Brakes India Limited, KFE Brakes System, Brakewel Automotive Components India, Hunan Boyun Automobile Brake Material Co Ltd, Sangsin Brakes, HAWK Performance, ICER BRAKES, Double Link, WAGNER, Nisshinbo Brake Inc., and Hitachi Chemical among others.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Research methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.3 Industry insights and validation
1.1.4 Definitions & forecast parameters
1.1.5 Base estimates & working
1.1.4.1 Forecast parameters & considerations
1.1.4.2 COVID-19 impact calculations on industry forecast
1.1.5 Data Sources
1.1.5.1 Paid sources
1.1.5.2 Secondary Sources
1.1.5.3 Primary
Chapter 2 Executive Summary
2.1 Automotive brake pads industry 3600 synopsis, 2016 – 2026
2.1.1 Business trends
2.1.2 Vehicle trends
2.1.3 Material trends
2.1.4 Sales channels trends
2.1.5 Position trends
2.1.6 Region trends
Chapter 3 Automotive Brake Pads Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2016 – 2026
3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.1.1 COVID-19 impact on raw material supply, by region
3.3.2 Manufacturers
3.3.3 Profit margin analysis
3.3.4 Value chain disruption - COVID-19
3.3.5 Distribution channel analysis
Get Complete Synopsis of the Report @ https://www.gminsights.com/toc/detail/automotive-brake-pads-market
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
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 How Increasing Vehicle Demand Is Shaping The Automotive Brake Pads Market Outlook Through 2026? here
News-ID: 2282116 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for Brake
Brake Repair Service: A Reliable Solution for Mobile Brake Services
When it comes to maintaining the performance and safety of your vehicle, brake systems are among the most critical components. Whether you're a truck driver or a fleet manager, ensuring your brakes are in optimal condition is a priority. Fortunately, finding a reliable Brake Repair Service [https://mobilebrakerepairtn.com/#:~:text=Brake%20Repair%20Service] provider has never been easier, thanks to mobile brake services that bring convenience and professionalism right to your location.
Mobile Brake Services: Convenient, Efficient,…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake 2020-2027
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and initiatives of new car…
Aircraft Brake System : Power Brake, Boosted Brake, and Independent Brake 2021-2 …
The global aircraft brake system market was valued at $10.52 billion in 2020, and is projected to reach $16.95 billion in 2030, registering a CAGR of 5.2%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake…
Aircraft Brake System Market : Power Brake, Boosted Brake, and Independent Brake …
The global aircraft brake system market generated $10.52 billion in 2020, and is anticipated to reach $16.95 billion in 2030, manifesting a CAGR of 5.2%.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake system market. On the other hand, strict regulatory conditions create hindrances to market growth. On the contrary, usage of advanced…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global Brake System Industry estimated $41.62 billion in 2019, and is expected to hit $61.20 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Covid-19 Scenario-
The covid-19 outbreak has immensely affected the industry, as most of the original equipment manufacturers (OEM) have kept the production of brake systems on hold.
The supply chain management has been disrupted resulting in shortage of raw materials. The…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and…
