Press release
NAO Brake Pad Research:CAGR of 3.0% during the forecast period
The global market for NAO Brake Pad was estimated to be worth US$ 5274 million in 2023 and is forecast to a readjusted size of US$ 6132 million by 2030 with a CAGR of 3.0% during the forecast period 2024-2030.
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https://www.qyresearch.com/reports/3155522/nao-brake-pad
NAO Brake Pad Market Summary
NAO stands for Non-Asbestos Organic, which refers to the material used in the brake pad. NAO brake pads are made from a combination of organic materials such as glass, rubber, Kevlar, and resins, and do not contain any asbestos. These brake pads are known for their quiet operation, low dust production, and good stopping power. They are commonly used in automobiles as a safer and more environmentally friendly alternative to asbestos brake pads. This report only counts NAO brake pads used in the automotive industry.
Note: In the report, one unit Brake Pad represents two pieces of Brake Pads.
The major sales regions for NAO brake pads include North America, Europe, Asia Pacific, and Latin America. Europe is the largest market for automotive brake pads, accounting for over 31.13% of the global market share in 2023. North America and Asia Pacific follow closely behind. Latin America is a smaller market for automotive brake pads, but it is expected to experience significant growth in the coming years.
Some of the major players in the NAO brake pad market include Nisshinbo, Tenneco (Federal Mogul), BOSCH, ZF Aftermarket (TRW), Brembo.
The top five global companies account for nearly 50% of the sales market share. Despite the growth opportunities in the NAO brake pad market, there are also challenges that need to be addressed. One of the major challenges is the increasing competition from low-cost brake pad manufacturers, which is affecting the market share of established players. Additionally, the fluctuating prices of raw materials such as steel and copper are impacting the profit margins of brake pad manufacturers. Another challenge is the stringent regulations imposed by government authorities regarding the use of environmentally friendly materials in brake pads.
However, there are also opportunities for growth in the NAO brake pad market. The increasing demand for electric vehicles and hybrid vehicles is driving the market for high-performance brake pads, as these vehicles require advanced braking systems. Moreover, the growing awareness among consumers regarding vehicle safety is also boosting the demand for NAO brake pads. Manufacturers are focusing on developing innovative products such as ceramic brake pads, which offer better performance and durability compared to traditional brake pads.
In terms of future product trends, the NAO brake pad market is witnessing a shift towards eco-friendly materials such as ceramic and organic brake pads. These materials are not only environmentally friendly but also offer better performance and durability compared to traditional brake pads. Manufacturers are also focusing on developing brake pads with advanced features such as noise reduction technology and improved heat dissipation. Additionally, the integration of sensors and smart technology in brake pads is expected to be a key trend in the future, as it will enable real-time monitoring of brake pad wear and performance.
Overall, the NAO brake pad market is poised for growth in the coming years, driven by the increasing demand for high-performance brake pads in the automotive industry. Despite the challenges posed by competition and raw material prices, there are also opportunities for growth in the market. Manufacturers are focusing on developing innovative products and incorporating advanced features to meet the evolving needs of consumers. With the increasing focus on vehicle safety and environmental sustainability, the NAO brake pad market is expected to witness significant growth in the future.
Global NAO Brake Pad MarketSize(US$ Million), 2019-2030
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Above data is based on report from QYResearch: Global NAO Brake Pad Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to the new market research report "Global NAO Brake Pad Market Report 2024-2030", published by QYResearch, the global NAO Brake Pad market size is projected to reach USD 6.13 billion by 2030, at a CAGR of 3.0% during the forecast period.
Global NAO Brake Pad Top20Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
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Above data is based on report from QYResearch: Global NAO Brake Pad Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of NAO Brake Pad include Nisshinbo, Tenneco (Federal Mogul), BOSCH, ZF Aftermarket (TRW), Brembo, Hitachi, Sangsin Brake, ITT Corporation, BorgWarner (Delphi), Shandong Gold Phoenix, etc. In 2023, the global top 10 players had a share approximately 66.0% in terms of revenue.
NAO Brake Pad,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global NAO Brake Pad Market Report 2024-2030.
In terms of product type, currently Metal-free NAO Brake Pad is the largest segment, hold a share of 55.1%.
In terms of product application, currently Aftermarket is the largest segment, hold a share of 59.8%.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The NAO Brake Pad market is segmented as below:
By Company
Nisshinbo
Tenneco (Federal Mogul)
BOSCH
ZF Aftermarket (TRW)
Brembo
Hitachi
Sangsin Brake
ITT Corporation
BorgWarner (Delphi)
Shandong Gold Phoenix
GM (ACDelco)
Knorr-Bremse AG
Fras-le
Brake Parts Inc
Icer Brakes
Double Link
MK Kashiyama
Continental (ATE)
EBC Brakes
SAL-FER
Segment by Type
Metal-free NAO Brake Pads
Low Metallic NAO Brake Pads
Segment by Application
OEM
Aftermarket
Each chapter of the report provides detailed information for readers to further understand the NAO Brake Pad market:
Chapter 1: Introduces the report scope of the NAO Brake Pad report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of NAO Brake Pad manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various NAO Brake Pad market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of NAO Brake Pad in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of NAO Brake Pad in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth NAO Brake Pad competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides NAO Brake Pad comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides NAO Brake Pad market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global NAO Brake Pad Market Research Report 2025
Global and United States NAO Brake Pad Market Report & Forecast 2024-2030
Global NAO Brake Pad Market Research Report 2024
Global NAO Brake Pad Market Insights, Forecast to 2030
Global Metal-free NAO Brake Pads Market Insights, Forecast to 2030
Global and United States Metal-free NAO Brake Pads Market Report & Forecast 2024-2030
Metal-free NAO Brake Pads- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Metal-free NAO Brake Pads Market Research Report 2024
Global and United States Low Metallic NAO Brake Pads Market Report & Forecast 2024-2030
Global Low Metallic NAO Brake Pads Market Insights, Forecast to 2030
Low Metallic NAO Brake Pads- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Low Metallic NAO Brake Pads Market Research Report 2024
Global Non-asbestos Organic (NAO) Brake Pads Market Insights, Forecast to 2030
Non-asbestos Organic (NAO) Brake Pads - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Non-asbestos Organic (NAO) Brake Pads Market Research Report 2024
Non-asbestos Organic (NAO) Brake Pads - Global Market Insights and Sales Trends 2024
Global Non-asbestos Organic (NAO) Brake Pads Market Research Report 2023
Global Non-asbestos Organic (NAO) Brake Pads Market Insights, Forecast to 2029
Global Non-asbestos Organic (NAO) Brake Pads Industry Research Report, Growth Trends and Competitive Analysis 2023-2029
Global Non-asbestos Organic (NAO) Brake Pads Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
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QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 18 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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