Automotive Brake Pads Market

The Global Automotive Brake Pads Market was valued at USD 12.07 Billion in 2021 and is expected to reach USD 19.25 Billion by 2028 with a CAGR of 6.9% over the forecast period.

Scope of Global Automotive Brake Pads Market

The brake pad is a component of a disk brake that can oppose the speed of the vehicle or machine by moving closure together. Kinetic energy is converted into thermal energy through friction between the brake lining and the rotor. This is the combination of steel backing plates and friction lining. These are placed around the rotor of the disc brake. Brake pads give better performance in the disc brake compared to drum brake by overheating. Disc brake pads are easier to inspect and replace than other friction linings. Also, these are effective to reduce the driver’s pedal effort. The material used for the brake pads is having the ability to resist brake fade, recover quickly, friction coefficient, resist wear, and so on. There are four types of brake pads, semi-metallic, non-asbestos organic (NAO), low metallic NAO, and ceramic. Brake pad size is not universal which means every car will have a different size and shape requirement. The introduction of the brake pads was given by F. W. Lanchester, in 1902.

Covid-19 has shown a negative impact on the growth of the global brake pads market. The Covid-19 pandemic halted the world including China; it causes a decrease in the production of vehicles and automotive parts and disturbance in the supply chain network which affected the market growth.

The global automotive brake pads market is segmented based on material type, position, sales channel, vehicle type, and region & country level. Based on material type, the brake pads market is segmented, semi-metallic, non-asbestos organic (NAO), ceramic. Based on position type, the brake pads market is divided into, front, front and rear. Based on the sales channel, the market is divided into, OEM, aftermarket. Based on the vehicle, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. Based on the end-users, the brake pads market is segmented, the automotive industry, metal industry and electronics industry.

The regions covered in this Global Automotive Brake Pads Market report are North America, Europe, Asia-Pacific, and the Rest of the World. Based on a country level, the market of Global Automotive Brake Pads is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Global Automotive Brake Pads Segmentation

By Material

• Semi-metallic
• Non- asbestos organic (NAO)
• Ceramic

By Position

• Front
• Front & Rear

By Sales Channel

• OEM
• Aftermarket

By Vehicle

• Passenger cars
• Light Commercial vehicle
• Heavy Commercial vehicle

By End-users

• Automotive
• Metal industry
• Electronics industry

Key Players of Global Automotive Brake Pads Market

Some of the key players for the Global Automotive Brake Pads Market:

• Nippon Limited
• Bosch Auto Parts
• Brakes
• Brakewel Automotive Components
• U.D Holdings
• Hindustan Composites Limited
• Makino Auto Industries Pvt.
• others

Increasing Production of Passenger Cars and Rising Demand for Disc Brakes are Driving the Market Growth

Nowadays, automobile companies are manufacturing vehicles or cars with advanced disc brake operating efficient braking systems to ensure the safety of the driver. In passenger vehicles, by using brake pads disc brakes are less heat generator and better control command. Like disc brakes, pads are fewer heat generators, due to this is the long-lasting brake. Furthermore, these brake pads are less noisy operation and have lesser vibration because of these all benefits increase in demand for passenger cars. For instance; India is the seventh-largest country in the production of vehicles. The production of passenger cars in India is over 2.8 million in 2020. so, an increase in the production of passenger cars drives the growth of the market.

In addition, the increasing demand for ceramic brake pads is also fuelling the growth of the automotive brake pads market. Ceramic brake pads are made of copper fibers embedded within them with high stability and are able to work in fluctuating temperatures. These are long-term brake pads about 70,000 miles. They got popular for some reason, in that less noise level, have no wear and tear resistance, are reliable in any temperature and driving condition, light in weight, great braking performance. For instance; many luxuries vehicle manufacturers choose ceramic brake pads for better braking systems in Mercedes Benz, Jaguar, Lexus, and Range Rover, and so on.

However, the rising adoption of electric vehicles and increasing price of raw materials may hinder the growth of the global automotive brake pads market. Despite that, technological advancement in this field may create an opportunity for the further growth of the in the global automotive brake pads market within the forecast period.

Global Automotive Brake Pads Market Regional Analysis

Geographically, Asia Pacific is expected to witness the fastest growth in the global automotive brake pads market. In Asia, India and China are the top countries which are contributing to the automotive brake pads market by their high economic significant, growth in the increasing demand for two-wheeler vehicles and passenger cars. For instance; In Asia, China has accounted for the 1^st dominating area in Asia with around 21.4-million-unit production. Japan is Runner up with around 7.8 million annual productions.  India is the third-largest vehicle production with an annual production rate is around 2.8 Million. Apart from these, Australia, South Korea, and Taiwan are key countries that are growing at a significant rate in the market with growing investment in technological advancement.

Also, the Europe is expected to witness a significant growth in the global automotive brake pads market owing to the increase in the production and adoption of high-performance vehicles in this region. For instance; in 2016, the European government passes general safety regulations for trucks and buses to replace disc brake pads over drum brakes or any other brake, or anti-lock braking system to avoid road accidents, and promoting road safety is also fuelling the growth of the market.

Regions and Country

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 788.7 Million
Base year considered	2020
Forecast Period CAGR %:	7.3%
Market Size Expected in 2028:	USD 1291.5 Million
Tables, Charts & Figures:	175
Pages	300
Automotive Brake Pads Manufacturers	Nippon Limited, Bosch Auto Parts, Brakes India Pvt. Ltd., Brakewel Automotive Components India Pvt. Ltd., U.D Holdings, Hindustan Composites Limited, Makino Auto Industries Pvt., others
Segments Covered	By Material, By Position, By Sales Channel, By Vehicle, By End-users
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa