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Global Brake Pad Market Report By Application (Passenger Cars And Commercial Vehicles), By End-User (OEM And Aftermarket) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028
ID:VMR11210104
April 2021
Report Formats:
Rising concern for personal safety along with regulation imposed by Federal Motor Vehicle Safety Standards on passenger safety for commercial and personal vehicles is driving the market growth. Use of efficient brake pads for better friction stability, reduce vehicle noise is further fueling the market growth. In addition to this, the shift in customer approach towards comfortable, low noise and vibration driving is again spurring the market growth.
The latest report by Value Market Research expects the Global Brake Pad Market was valued at USD 2.2 billion in 2017 and is likely to reach USD 3.125 million by 2024 with a CAGR of 4.5%.
PASSENGER CAR DOMINATED THE APPLICATION SEGMENT
In 2017, the passenger car led the application segment by accounting for over 60% of the total market share. Rising need for an efficient braking system to minimize braking noise and vibration to impart better comfort is driving the segment growth.
OEM LED THE END-USER SEGMENT
OEM dominated the segment in 2017 and has accounted for X.X% of the total market share. OEM offers better wear resistance, quality assurance and limits noise and dust, is driving the segment growth.
ASIA-PACIFIC EMERGED AS THE LEADING REGIONAL MARKET
Geographically, Asia-Pacific dominated the market and has accounted for X.X% of the total market share. The rise in automobile sales in emerging economies such as China, Malaysia, and India are the factors driving the regional market.
KEY PLAYERS OF THE MARKET
Brembo S.P.A., Continental Automotive Gmbh, Federal-Mogul LLC, ITT Inc., MAT Holdings, Inc., Nisshinbo Brake Inc., Robert Bosch Gmbh and TMD Friction Holdings Gmbh are the major players of the market.
As per this study the Global Brake Pad Market was valued at USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 with a CAGR of XX%.
Brake pad refers to the part of the disc brakes used to decelerate the speed of the vehicle safely. These are the essential component of the car braking system. Basically, it converts kinetic energy into thermal energy through friction and reduces the car speed effectively. Brake pads are generally made up of metallic, semi-metallic, non-metallic or ceramic materials depending upon the type of the vehicle.
Market Dynamics
The brake pad market is majorly driven on account of rise in demand and sales of automobiles leading to high demand for lightweight automotive brakes. Rising demand for low noise brake system along with customer preference towards smooth driving experience is fueling the market growth. Rising awareness regarding personal safety while driving is another major factor pushing the market growth uphill. However, strict mandates while production along with volatile raw material cost is expected to hinder market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of brake pad.
Market Segmentation
The broad brake pad market has been sub-grouped into application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
By End-User
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for brake pad in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Brake Pad Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the brake pad market include Brembo S.P.A., Continental Automotive Gmbh, Federal-Mogul LLC, ITT Inc., MAT Holdings, Inc., Nisshinbo Brake Inc., Robert Bosch Gmbh and TMD Friction Holdings Gmbh. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
Brake pad refers to the part of the disc brakes used to decelerate the speed of the vehicle safely. These are the essential component of the car braking system. Basically, it converts kinetic energy into thermal energy through friction and reduces the car speed effectively. Brake pads are generally made up of metallic, semi-metallic, non-metallic or ceramic materials depending upon the type of the vehicle.
Market Dynamics
The brake pad market is majorly driven on account of rise in demand and sales of automobiles leading to high demand for lightweight automotive brakes. Rising demand for low noise brake system along with customer preference towards smooth driving experience is fueling the market growth. Rising awareness regarding personal safety while driving is another major factor pushing the market growth uphill. However, strict mandates while production along with volatile raw material cost is expected to hinder market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of brake pad.
Market Segmentation
The broad brake pad market has been sub-grouped into application and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
- Passenger Cars
- Commercial Vehicles
By End-User
- OEM
- Aftermarket
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for brake pad in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Brake Pad Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the brake pad market include Brembo S.P.A., Continental Automotive Gmbh, Federal-Mogul LLC, ITT Inc., MAT Holdings, Inc., Nisshinbo Brake Inc., Robert Bosch Gmbh and TMD Friction Holdings Gmbh. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
METHODOLOGY:
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . BRAKE PAD – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Application
3.7.2 Market Attractiveness Analysis By End-User
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL BRAKE PAD MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Historical and Forecast Data
6.3 Analysis by Application
6.4 Passenger Cars Historic and Forecast Sales by Regions
6.6 Commercial Vehicles Historic and Forecast Sales by Regions
7 . GLOBAL BRAKE PAD MARKET ANALYSIS BY END-USER
7.1 Overview by End-User
7.2 Historical and Forecast Data
7.3 Analysis by End-User
7.4 OEM Historic and Forecast Sales by Regions
7.5 Aftermarket Historic and Forecast Sales by Regions
8 . GLOBAL BRAKE PAD MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1. Overview, Historic and Forecast Sales Analysis
8.3.2. North America By Segment Sales Analysis
8.3.3. North America By Country Sales Analysis
8.3.4. United State Sales Analysis
8.3.5. Canada Sales Analysis
8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1. Overview, Historic and Forecast Sales Analysis
8.4.2. Europe by Segment Sales Analysis
8.4.3. Europe by Country Sales Analysis
8.4.4. United Kingdom Sales Analysis
8.4.5. France Sales Analysis
8.4.6. Germany Sales Analysis
8.4.7. Italy Sales Analysis
8.4.8. Russia Sales Analysis
8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1. Overview, Historic and Forecast Sales Analysis
8.5.2. Asia Pacific by Segment Sales Analysis
8.5.3. Asia Pacific by Country Sales Analysis
8.5.4. China Sales Analysis
8.5.5. India Sales Analysis
8.5.6. Japan Sales Analysis
8.5.7. South Korea Sales Analysis
8.5.8. Australia Sales Analysis
8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1. Overview, Historic and Forecast Sales Analysis
8.6.2. Latin America by Segment Sales Analysis
8.6.3. Latin America by Country Sales Analysis
8.6.4. Brazil Sales Analysis
8.6.5. Argentina Sales Analysis
8.6.6. Peru Sales Analysis
8.6.7. Chile Sales Analysis
8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1. Overview, Historic and Forecast Sales Analysis
8.7.2. Middle East & Africa by Segment Sales Analysis
8.7.3. Middle East & Africa by Country Sales Analysis
8.7.4. Saudi Arabia Sales Analysis
8.7.5. UAE Sales Analysis
8.7.6. Israel Sales Analysis
8.7.7. South Africa Sales Analysis
8.7.8. Rest Of Middle East And Africa Sales Analysis
9 . COMPETITIVE LANDSCAPE OF THE BRAKE PAD COMPANIES
9.1. Brake Pad Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF BRAKE PAD INDUSTRY
10.1. Top 10 Company Share Analysis
10.2. Market Concentration Rate
10.3. Brembo S.P.A.
10.3.1. Company Overview
10.3.2. Company Revenue
10.3.3. Products
10.3.4. Recent Developments
10.4. Continental Automotive Gmbh
10.4.1. Company Overview
10.4.2. Company Revenue
10.4.3. Products
10.4.4. Recent Developments
10.5. Federal-Mogul LLC
10.5.1. Company Overview
10.5.2. Company Revenue
10.5.3. Products
10.5.4. Recent Developments
10.6. ITT Inc.
10.6.1. Company Overview
10.6.2. Company Revenue
10.6.3. Products
10.6.4. Recent Developments
10.7. MAT Holdings Inc.
10.7.1. Company Overview
10.7.2. Company Revenue
10.7.3. Products
10.7.4. Recent Developments
10.8. Nisshinbo Brake Inc.
10.8.1. Company Overview
10.8.2. Company Revenue
10.8.3. Products
10.8.4. Recent Developments
10.9. Robert Bosch Gmbh
10.9.1. Company Overview
10.9.2. Company Revenue
10.9.3. Products
10.9.4. Recent Developments
10.10. TMD Friction Holdings Gmbh
10.10.1. Company Overview
10.10.2. Company Revenue
10.10.3. Products
10.10.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Application (USD MN)
- Passenger Cars Market Sales by Geography (USD MN)
- Commercial Vehicles Market Sales by Geography (USD MN)
- Analysis Market by End-User (USD MN)
- OEM Market Sales by Geography (USD MN)
- Aftermarket Market Sales by Geography (USD MN)
- Global Brake Pad Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Brake Pad Report
- Market Research Process
- Market Research Methodology
- Global Brake Pad Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by End-User
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Application (USD MN)
- Passenger Cars Market Sales by Geography (USD MN)
- Commercial Vehicles Market Sales by Geography (USD MN)
- Global Market Analysis by End-User (USD MN)
- OEM Market Sales by Geography (USD MN)
- Aftermarket Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top 10 Company Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
Related Categories
Automotive And Transportation
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments