1 / 4

Automotive Brake Pads Market

Automotive Brake Pads Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~4.5% During 2024-2036 and Attain ~USD 8.5 Billion by 2036

Garry17
Download Presentation

Automotive Brake Pads Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Automotive Brake Pads Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~4.5% During 2024- 2036 and Attain ~USD 8.5 Billion by 2036 Research Nester’s recent market research analysis on “Automotive Brake Pads Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global Automotive Brake Pads market in terms of market segmentation by material type, position type, sales channel, vehicle type, and by region. Increasing Production of Smart Pads to Promote Global Market Share of Automotive Brake Pads To be able to operate and apply the brakes automatically in case of emergency, manufacturers are developing brake pad that use advanced sensors based on relay circuits as well as a number of modifications. The resulting system is capable of providing high precision measurements and more accurate ranges. In order to meet the essential technical trends in the automotive sector, brake pad development is growing tremendously. Request Report Sample@ https://www.researchnester.com/sample-request-6041 For instance, TVS Apache, a brand of Brakes India, has pioneered this trend and is adapting to the growing market needs in the automotive sector by introducing ZAP brake pad with advanced friction technology for electric cars. This is good news for the electric vehicle market, because it will make vehicles safer and more flexible by means of improved brake pads like ZAP. Some of the major growth factors and challenges that are associated with the growth of the global automotive brake pads market are:

  2. Growth Drivers: •Increasing Demand for Sustainable Brake Pads •Increasing Road Accidents Worldwide Challenges: Most hybrid and fully electric vehicles have a mechanism for braking, which is called regeneration braking. In order to reduce the need for frequent braking and ultimately lower brake pad wear, these systems are capable of recovering power and recharging batteries. In the long run, this could lead to a decrease in demand for replacement brake components. The traditional brake pad is not suitable for use because these vehicles have regenerative braking systems. Some other factors such as ride sharing and high manufacturing costs may hinder the automotive brake pads market. Access our detailed report at: https://www.researchnester.com/reports/automotive-brake-pads- market/6041 By material type, the global automotive brake pads market is segmented into ceramic, semi metallic, non-abestos organic (NAO), and low- metallic. The non-abestos segment will hold a share of 30% by the end of 2036. The demand for nonAsbestos organic brake pad has increased due to the high toxicity of asbestos. It is made up of fiberglass, rubber Kevlar and cellulose. It is used in day and night production vehicles because of its gentleness and noiselessness. Due to increased wear and tear, the use of organic nonAsbestos biodegradable brake pad is restricted in high end cars.

  3. By region, the Asia Pacific automotive brake pads market is anticipated to hold a share of 27% by the end of 2036. In view of the growing technological progress in the automotive components sector, the market in the region is expected to grow. With countries such as China, India, Japan and South Korea expected to have a significant contribution in terms of revenue from the global antilock braking system due to safety standards and strict government regulations. It is also a possible market for brake pads due to the increasing production and sales of vehicles in this region. For instance, approximately 23.8 million passenger vehicles were produced by the Chinese auto industry in 2022. In addition, the aftermarket has a significant role to play on the brake pad market. For road safety and vehicle maintenance, regular replacement of the brake pad is essential in order to drive up sales at the aftermarket. This report also provides the existing competitive scenario of some of the key players of the global automotive brake pads market which includes company profiling of Akebono Brake Corporation, Delphi Technologies, DRiV Technologies, Dynamic Friction Company, EBC Brakes, HELLA GmbH & Co., KGaA, Maruti Suzuki India Limited, Masu Brakes, Robert Bosch LLC, SKF, and others. Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

  4. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919

More Related