Automotive Brake Pad Market Growth, Size, Trends, Revenue, Challenges and Future Competition

Automotive Brake Pad Market Size- By Material Type, By Position Type, By Sales Channel, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Automotive Brake Pad Market Size- By Material Type, By Position Type, By Sales Channel, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Jul 2023 Report ID: AMIN23111 Pages: 1 - 236 Formats*:     
Category : Automotive & Transportation
Automotive Brake Pad Market Introduction and Overview

According to SPER Market Research, the Global Automotive Brake Pad is estimated to reach USD 7.28 billion by 2033 with a CAGR of 5.8%. 

The report includes an in-depth analysis of the Global Automotive Brake Pad Market, including market size and trends, product mix, distribution channels, and supplier analysis. An automotive brake pad is a key component of a vehicle's braking system. It is designed to create friction against the rotating brake disc or drum, which slows down or stops the vehicle when the brakes are applied. Brake pads are crucial for safe and efficient braking, as they convert the kinetic energy of the moving vehicle into heat energy through friction, effectively reducing its speed.  These brake pads press against the running disc when the brakes are applied, stopping the vehicle's motion and reducing its speed. 

  • Technological advancements: The automotive brake pad business depends heavily on new developments in technology. There is a continuing need for increasingly sophisticated and effective equipment as technology develops. As a result, there is a growing demand for innovative technology that can handle more efficient friction, faster processing rates.
  • Increasing demand for consumer brake pad: the major factors driving the growth of the market are growing emphasis on safety features and rise in demand for and sale of passenger cars and commercial vehicles. Governments and international organisations have implemented strict safety regulations in response to an increase in accidents around the world, making the installation of safety devices like the anti-lock brake system (ABS) mandatory in all newly sold vehicles.
Automotive Brake Pad Market
Market Opportunities and Challenges
The automotive brake pad market presents several market opportunities for growth and development. Firstly, the increasing focus on vehicle safety and the implementation of stringent regulations worldwide provide opportunities for brake pad manufacturers. As safety standards continue to evolve, there is a growing demand for high-performance brake pads that meet or exceed these regulations. Secondly, the rising popularity of electric and hybrid vehicles creates opportunities for brake pad manufacturers. These vehicles have unique braking systems and requirements, necessitating the development of specialized brake pads that can accommodate regenerative braking and handle the different demands of electric powertrains.

The automotive brake pad market faces several challenges that impact its growth and competitiveness. Firstly, intense market competition poses a significant challenge for brake pad manufacturers. The market is crowded with numerous players, both global and regional, competing on factors such as product performance, price, and brand reputation. This creates pressure for continuous product innovation and differentiation to gain a competitive edge. Additionally, evolving vehicle technologies pose challenges for brake pad manufacturers. The increasing adoption of electric and hybrid vehicles requires brake pads that can effectively handle regenerative braking and the unique demands of these powertrains.

Automotive Brake Pad Market


Market Competitive Landscape
The competitive landscape of the automotive brake pad market is characterized by intense competition among several global and regional players. Major companies in the market include Akebono Brake Industry Co., Ltd., Robert Bosch GmbH, Federal-Mogul Holdings LLC, Nisshinbo Holdings Inc., Brembo S.p.A., and ZF Friedrichshafen AG, among others. These companies compete based on factors such as product quality, performance, price, brand reputation, and customer service. They invest heavily in research and development to develop advanced brake pad technologies and materials that offer improved performance, durability.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Material Type, By Position Type, By Sales Channel, By Vehicle Type
 Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America
 Companies CoveredZF Friedrichshafen AG, Continental AG, Brake Parts Inc., ITT Inc., ADVICS Co., Ltd., EBC Brakes, Tenneco Inc., Nisshinbo Brake Inc., Robert Bosch GmbH, Delphi Technologies (BorgWarner Inc. ), Akebono Brake Industry Co Ltd, Others
COVID-19 Impact on Global Automotive Brake Pad Market
The COVID-19 pandemic hindered the growth of the market, because of lockdowns and shutdown of manufacturing facilities across the world. Additionally, the pandemic-related decrease in demand was a result of the decline in car production. However, after the pandemic, as limitations were loosened, the market saw a huge increase. Many automotive manufacturing plants worldwide faced temporary closures or reduced production capacity during the pandemic. This led to supply chain disruptions, including shortages of raw materials and components required for brake pad production. The disruptions affected the availability and timely delivery of brake pads to the market.

Key Target Audience
  • Aftermarket Retailers and Distributors
  • Automotive Service and Repair Centres
  • Export and International Markets
  • Fleet Owners and Managers
  • Original Equipment Manufacturers (OEMs)
  • Vehicle Owners and Drivers
  • Others
Our in-depth analysis of the Automotive Brake Pad Market includes the following segments:
By Material:
  • Ceramic
  • Low-Metallic
  • Non-Asbestos Organic
  • Semi-Metallic
  • Others
  • By Position Type:
  • Front
  • Rear
  • By Sales Channel:
  • Aftermarket
  • OEM
  • By Vehicle Type:
  • Commercial Vehicles
  • Passenger Cars
  • Two-Wheeler
  • Key Topics Covered in the Report
    • Global Automotive Brake Pad Market Size (FY’2023-FY’2033)
    • Overview of Global Automotive Brake Pad Market
    • Segmentation of Global Automotive Brake Pad Market By Material Type (Ceramic, Low-Metallic, Non-Asbestos Organic, Semi-Metallic Others)
    • Segmentation of Global Automotive Brake Pad Market By Position Type (Front and Rear)
    • Segmentation of Global Automotive Brake Pad Market By Sales Channel (OEM and Aftermarket)
    • Segmentation of Global Automotive Brake Pad Market By Vehicle Type (Commercial Vehicles, Passenger Cars, Two Wheeler)
    • Statistical Snap of Global Automotive Brake Pad Market
    • Expansion Analysis of Global Automotive Brake Pad Market
    • Problems and Obstacles in Global Automotive Brake Pad Market
    • Competitive Landscape in the Global Automotive Brake Pad Market
    • Impact of COVID-19 and Demonetization on Global Automotive Brake Pad Market
    • Details on Current Investment in Global Automotive Brake Pad Market
    • Competitive Analysis of Global Automotive Brake Pad Market
    • Prominent Players in the Global Automotive Brake Pad Market
    • SWOT Analysis of Global Automotive Brake Pad Market
    • Global Automotive Brake Pad Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Automotive Brake Pad Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Automotive Brake Pad Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Brake Pad Market

    7. Global Automotive Brake Pad Market, By Material Type (USD Million)
    7.1. Global Automotive Brake Pad Market Value Share and Forecast, By Material Type, 2023-2033
    7.2. Ceramic
    7.3. Low-Metallic
    7.4. Non-Asbestos Organic
    7.5. Semi-Metallic
    7.6. Others

    8. Global Automotive Brake Pad Market, By Position Type (USD Million)
    8.1. Global Automotive Brake Pad Market Value Share and Forecast, By Position Type, 2023-2033
    8.2. Front
    8.3. Rear

    9. Global Automotive Brake Pad Market, By Sales Channel (USD Million)
    9.1. Global Automotive Brake Pad Market Value Share and Forecast, By Sales Channel, 2023-2033
    9.2. Aftermarket
    9.3. OEM

    10. Global Automotive Brake Pad Market, By Vehicle Type (USD Million)
    10.1. Global Automotive Brake Pad Market Value Share and Forecast, By Vehicle Type, 2023-2033
    10.2. Commercial Vehicles
    10.3. Passenger Cars
    10.4. Two-Wheeler

    11. Global Automotive Brake Pad Market Forecast, 2019-2033 (USD Million)
    11.1. Global Automotive Brake Pad Market Size and Market Share

    12. Global Automotive Brake Pad Market, By Material Type, 2019-2033 (USD Million)
    12.1. Global Automotive Brake Pad Market Size and Market Share By Material Type (2019-2026)
    12.2. Global Automotive Brake Pad Market Size and Market Share By Material Type (2027-2033)

    13. Global Automotive Brake Pad Market, By Position Type, 2019-2033 (USD Million)
    13.1. Global Automotive Brake Pad Market Size and Market Share By Position Type (2019-2026)
    13.2. Global Automotive Brake Pad Market Size and Market Share By Position Type (2027-2033)

    14. Global Automotive Brake Pad Market, By Sales Channel, 2019-2033 (USD Million)
    14.1. Global Automotive Brake Pad Market Size and Market Share By Sales Channel (2019-2026)
    14.2. Global Automotive Brake Pad Market Size and Market Share By Sales Channel (2027-2033)

    15. Global Automotive Brake Pad Market, By Vehicle Type, 2019-2033 (USD Million)
    15.1. Global Automotive Brake Pad Market Size and Market Share By Vehicle Type (2019-2026)
    15.2. Global Automotive Brake Pad Market Size and Market Share By Vehicle Type (2027-2033)

    16. Global Automotive Brake Pad Market, By Region, 2019-2033 (USD Million)
    16.1. Global Automotive Brake Pad Market Size and Market Share By Region (2019-2026)
    16.2. Global Automotive Brake Pad Market Size and Market Share By Region (2027-2033)
    16.3. Asia-Pacific
    16.3.1. Australia
    16.3.2. China
    16.3.3. India
    16.3.4. Japan
    16.3.5. South Korea
    16.3.6. Rest of Asia-Pacific
    16.4. Europe
    16.4.1. France
    16.4.2. Germany
    16.4.3. Italy
    16.4.4. Spain
    16.4.5. United Kingdom
    16.4.6. Rest of Europe
    16.5. Middle East and Africa
    16.5.1. Kingdom of Saudi Arabia 
    16.5.2. United Arab Emirates
    16.5.3. Rest of Middle East & Africa
    16.6. North America
    16.6.1. Canada
    16.6.2. Mexico
    16.6.3. United States
    16.7. Latin America
    16.7.1. Argentina
    16.7.2. Brazil
    16.7.3. Rest of Latin America

    17. Company Profile
    17.1. A Delco
    17.1.1. Company details
    17.1.2. Financial outlook
    17.1.3. Product summary 
    17.1.4. Recent developments
    17.2. ADVICS Co.
    17.2.1. Company details
    17.2.2. Financial outlook
    17.2.3. Product summary 
    17.2.4. Recent developments
    17.3. Akebono Brake Industry Co Ltd
    17.3.1. Company details
    17.3.2. Financial outlook
    17.3.3. Product summary 
    17.3.4. Recent developments
    17.4. Brake Parts Inc.
    17.4.1. Company details
    17.4.2. Financial outlook
    17.4.3. Product summary 
    17.4.4. Recent developments
    17.5. Continental AG
    17.5.1. Company details
    17.5.2. Financial outlook
    17.5.3. Product summary 
    17.5.4. Recent developments
    17.6. Delphi Technologies (BorgWarner Inc.)
    17.6.1. Company details
    17.6.2. Financial outlook
    17.6.3. Product summary 
    17.6.4. Recent developments
    17.7. EBC Brakes
    17.7.1. Company details
    17.7.2. Financial outlook
    17.7.3. Product summary 
    17.7.4. Recent developments
    17.8. Nisshinbo Brake Inc.
    17.8.1. Company details
    17.8.2. Financial outlook
    17.8.3. Product summary 
    17.8.4. Recent developments
    17.9. Robert Bosch GmbH
    17.9.1. Company details
    17.9.2. Financial outlook
    17.9.3. Product summary 
    17.9.4. Recent developments
    17.10. Tenneco Inc.
    17.10.1. Company details
    17.10.2. Financial outlook
    17.10.3. Product summary 
    17.10.4. Recent developments
    17.11. ZF Friedrichshafen AG
    17.11.1. Company details
    17.11.2. Financial outlook
    17.11.3. Product summary 
    17.11.4. Recent developments
    17.12. Others

    18. List of Abbreviations

    19. Reference Links

    20. Conclusion

    21. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Automotive Brake Pad Market is projected to reach USD 7.28 billion by 2033, growing at a CAGR of 5.8% during the forecast period.
    Automotive Brake Pad Market grew in market size from 2022. The Market is expected to reach USD 7.28 billion by 2033, at a CAGR of 5.8% during the forecast period.
    Automotive Brake Pad Market CAGR of 5.8% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    Automotive Brake Pad Market size is USD 7.28 billion from 2023 to 2033.
    Automotive Brake Pad Market Segment is covered By Material Type, By Position Type, By Sales Channel, By Vehicle Type.
    The North America region is anticipated to have the highest market share in the Automotive Brake Pad Market.
    The key players in the market include Companies Covered ZF Friedrichshafen AG, Continental AG, Brake Parts Inc., ITT Inc., ADVICS Co., Ltd., EBC Brakes, Tenneco Inc., Nisshinbo Brake Inc., Robert Bosch GmbH, Delphi Technologies (BorgWarner Inc. ), Akebono Brake Industry Co Ltd, Others.
    Brake pads are crucial for safe and efficient braking, as they convert the kinetic energy of the moving vehicle into heat energy through friction, effectively reducing its speed.
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