openPR Logo
Press release

Automotive Brake Pad Market is Growing at US$ 3,342.58 million by 2028

11-16-2022 10:14 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

Automotive Brake Pad Market is Growing at US$ 3,342.58 million

The automotive brake pad market is expected to grow from US$ 2,580.57 million in 2021 to US$ 3,342.58 million by 2028. It is estimated to grow at a CAGR of 3.8% during the period of 2021 to 2028.

Brake pads create friction between the caliper and disc, which helps stop the car when pressed against the brake disc. The absence of brake pads extends the braking distance, and heat from the friction won't disperse correctly, which could cause the whole braking system to overheat and lead to complete brake failure. Thus, brake pads are one of the crucial components among the disc braking system in automotive parts. Therefore, many brake pad manufacturers are entering this lucrative business. Car manufacturers are increasingly demanding brake pads that last the car's lifetime.

To Get Sample Copy of Report, Click Here - http://bit.ly/3O8pysz

Key Player -

ACDelco,AKEBONO BRAKE INDUSTRY CO., LTD.,Brake Parts Inc. LLC.,Brembo S.p.A.,Hebei Huahua Friction Material CO., Ltd.,Nisshinbo Holdings Inc.,Robert Bosch GmbH,SANGSIN BRAKE,Util Industries S.p.A,ZF Friedrichshafen AG

Automotive Brake Pad Market Insights
Growing Uptake of Electric Vehicles Fuels Brake Pad Usage, Creates Lucrative Opportunity for Automotive Brake Pad Market

The growing demand for low emission vehicles and supportive government regulations, such as subsidies & tax rebates for adopting zero-emission vehicles, is a potential trend, driving the automotive brake pad market. As per the IEA data, in 2020, the global electric car stock peaked the 10 million vehicles sales, a 43% increase from 2019.

Automotive Brake Pad Market - by Material Type

Based on material type, the global automotive brake pad market is segmented into the metallic brake pad, semi-metallic brake pad, ceramic brake pad, asbestos brake pad, and non-asbestos organic brake pad. The non-asbestos organic brake pad segment accounted for the largest share of the market in 2020. Moreover, the semi-metallic brake pad segment is projected to grow at a faster pace during the forecast period.

Automotive Brake Pad Market - by Vehicle Type

The automotive brake pad market is segmented into commercial vehicles and passenger vehicles based on vehicle type. The passenger vehicle segment accounted for the largest share in 2020.

Speak To Analysts - http://bit.ly/3g9VKiB

This Study Report Offers Following Objectives:

Conjecture and examination of the worldwide Automotive Brake Pad market deals, share, worth, status and figure 2028.
Break down the local just as nation level portions, share development for Global Automotive Brake Pad Market.
Investigation of Global Automotive Brake Pad industry-driving makers/players.
Characterize and investigate the market rivalry scene, SWOT examination.
Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.
Examination of the Automotive Brake Pad market by Type, by Application/end clients and district insightful.
Estimate and investigation of the Global Automotive Brake Pad Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.
Investigate the critical driving elements, patterns which confine market development.
Portray the partner's chances in the market by recognizing the high development fragments.

Top Points Covered in the Global Automotive Brake Pad Market:

Industry Overview of Global Automotive Brake Pad Market;
Classification, Specifications and Definition of Automotive Brake Pad Market Segment by Regions;
Process and Structure
Research Findings/Conclusion, Automotive Brake Pad deals channel, traders, distributors, dealer's analysis;
Complete Market Research, Capacity, Sales and Sales Price Analysis with Company Segment;
Analysis of Regional Market that contains the United States, Europe, India, China, Japan, Korea & Taiwan;
Automotive Brake Pad Market Analysis by Major Players, The Automotive Brake Pad Segment Market Analysis (by Type) and (by Application);
Regional Market Trend Analysis, Market Trend by Product Type and by Application:
Supply Chain Analysis, Regional Marketing Type Analysis, Global Trade Type Analysis;
The Global Automotive Brake Pad industry consumers Analysis;
Appendix and data source of Automotive Brake Pad market.

Purchase a copy of Market research report @ http://bit.ly/3AjHydz

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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 Automotive Brake Pad Market is Growing at US$ 3,342.58 million by 2028 here

News-ID: 2809098 • Views:

More Releases from The Insight Partners

Utility Terrain Vehicle Market to Register 6.2% CAGR Through 2031
Utility Terrain Vehicle Market to Register 6.2% CAGR Through 2031
The Insight Partners is proud to announce its latest market report, "Utility Terrain Vehicle Market: An In-depth Analysis of the Global Utility Terrain Vehicle Market." The report provides a comprehensive overview of the Utility Terrain Vehicle (UTV) Market, analyzing its growth trajectory, key segments, and emerging trends shaping the off-road mobility landscape. Check valuable insights in the Utility Terrain Vehicle Market report. You can easily get a sample PDF of the
Freight and Logistics Market Growth is expected at CAGR of 5.2% from 2025 to 2031
Freight and Logistics Market Growth is expected at CAGR of 5.2% from 2025 to 203 …
Global Freight and Logistics Market 2031 Report give our customers an exhaustive and top to bottom examination of Freight and Logistics Market alongside its key factors, for example, market diagram and rundown, pieces of the pie, restrictions, drivers, local examination, players, serious elements, division, and considerably more. The Freight and Logistics Market information introduced inside this report is acquired dependent on a few strategies, for example, PESTLE, Porter's Five, SWOT
Generic Drugs Market Growth is expected at CAGR of 5.0% during 2025-2031
Generic Drugs Market Growth is expected at CAGR of 5.0% during 2025-2031
Global Generic Drugs Market 2031 Report give our customers an exhaustive and top to bottom examination of Generic Drugs Market alongside its key factors, for example, market diagram and rundown, pieces of the pie, restrictions, drivers, local examination, players, serious elements, division, and considerably more. The Generic Drugs Market information introduced inside this report is acquired dependent on a few strategies, for example, PESTLE, Porter's Five, SWOT examination, To
The Adult Gummy Vitamin Market: A Sweet Spot for Growth
The Adult Gummy Vitamin Market: A Sweet Spot for Growth
Chewable, flavourful and convenient - that's how the adult gummy-vitamin format is rapidly transforming from a niche to a mainstream nutritional supplement format. According to The Insight Partners' report on the Adult Gummy Vitamin Market, the market is projected to grow at a compound annual growth rate (CAGR) of about 12.3% between 2025 and 2031. What's driving this rapid expansion? Three broad forces stand out: (1) health-and-wellness awareness among adults,

All 5 Releases


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