Global Automotive Brake Pads Market Industry, Size, Share, Growth Prospects, Forecast 2016 - 2024

The Research Report on “Automotive Brake Pads Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share& Forecast, 2016 – 2024”, Automotive Brake Pads Market size is anticipated to witness significant growth rates during the forecast timeframe, owing to availability of advanced friction materials, increasing demand for environment friendly & light weight braking materials, increase in automobile production & sales, and growing demand for disk brakes & miniaturized components.

Brakes are the most replaced automobile component, owing to their critical applications for ensuring the passenger safety. Recurring requirement of worn out component replacements is anticipated to propel automotive brake pads market growth. Owing to increasing customer focus on factors such as performance, control, and safety, industry is anticipated to gain high traction over the coming years.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1367

Increasing raw material along with its transportation costs is expected to hinder the automotive brake pads market growth. Moreover, increasing requirement of regulatory compliance in the manufacturing procedures to address environmental norms is anticipated to increase overall product costs.
Dual Dynamometer Differential Effectiveness Analysis (D3EA) and Brake Effectiveness Evaluation Procedure (BEEP) are the standards developed in order to ensure the quality of IAM replacements are expected to present potential growth opportunity for automotive brake pads market over the forecast timeframe.

Based on type, the automotive brake pads market is segmented into semi metallic, ceramic, non-asbestos organic, and low metallic non-asbestos organic. The semi metallic type contains about 30 to 65 percent metal such as chopped steel wire/wool, copper, iron powder and graphite. These have excellent heat transfer rates and high durability owing to which is expected to dominate the overall industry share. Ceramic types are the most expensive, clean, and quiet solutions in relation to the other segment and increase life expectancy of vehicle rotors.

The type used depends on the maximum load carrying capacity of the automobile and its requirement to ensure efficient braking at high speeds and offer better wear-resistance. Extremely soft and aggressive pads are used for aggressive applications such as racing, however, passenger cars utilize products offering harder and more durability.

Growing independent aftermarket (IAM) demands is anticipated to influence high automotive brake pads market growth. The IAM demand growth is attributed to factors such as inceased average component life, lower pricing, and dominance of local players in supply chain. However, increasing consumer inclinations towards products available from unorganized sectors are expected to hinder the industry growth.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/1367

Some key manufacturers in the automotive brake pads market are Honeywell International Inc., Nisshinbo Industries, Brembo S.p.A., Akebono Brake Corporation, ZF TRW, TMD Friction Holdings GmbH, Federal-Mogul Corporation, Continental AG, AC Delco, EBC Brakes, Robert Bosch GmbH, Delphi Automotive Plc., and Japan Brake Industrial Co. Ltd.

Browse Related Reports:

• Automatic Emergency Braking (AEB) Market Size By Vehicle Type (Commercial Vehicles, Passenger Vehicles), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/automatic-emergency-braking-AEB-Market

• Electric Motorcycles & Scooters Market Size By Product (Motorcycles, Scooters), By Battery (SLA, Li-ion, NiMH), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, China, India, Japan, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/electric-motorcycles-and-scooters-market

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.

29L Atlantic Avenue, Suite L 105,

This release was published on openPR.