Press release
Automotive Brake Pad Market is Growing at US$ 3,342.58 million by 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.
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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.
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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.
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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.
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