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Rapid expansion of automotive sector coupled with growing demand for high performance vehicles will drive automotive brake pads market growth over 2019-2025. Innovation in automotive technology to develop products to provide enhanced durability as well as longer service life is estimated to shape automotive brake pads market trends over the coming years. Moreover, availability of vehicles offering comfortable driving experience with enhanced braking efficiency is providing robust growth for automotive brake industry share.
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Automotive Brake Pads Market Growth Potential & Forecast, 2026
KeyInsights Automotive Brake Pads Market : • Rapid expansion of automotive sector coupled with growing demand for high performance vehicles will drive automotive brake pads market growth over 2019-2025. Innovation in automotive technology to develop products to provide enhanced durability as well as longer service life is estimated to shape automotive brake pads market trends over the coming years. • Moreover, availability of vehicles offering comfortable driving experience with enhanced braking efficiency is providing robust growth for automotive brake industry share.
Continued… • While driving, brake pads are frequently used and are vital to performing over varied temperature ranges owing to frictions between brake pads and car wheels. In addition, it requires a stable coefficient of friction as well as low noise characteristics in order to provide enhanced vehicle performance. • Brake pads are designed to improve brake performance in slippery terrains, reduce brake squeal, and minimize possible wears. OEMs are spending substantially to manufacture light weight products, in order to improve vehicle performance for enhanced overall driving experience.
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Major Companies Automotive Brake Pads Market : • Wilwood Engineering • ATE • Brembo S.p.A. • EBC Brakes • ICER BRAKES SA • Nisshinbo Brake Inc. • WAGNER
Regional Automotive Brake Pads Market : • North America automotive brake pads industry is slated to amass robust growth, which can be primarily attributed to increasing government directives for inclusion of disc braking system on vehicles. For instance, in 2016, ECE R90 was introduced by the United Nations Economic Commission for manufacturing braking systems in passenger cars, in order to ensure passenger safety. • Stringent directives by the regulatory bodies pertaining to manufacturing and installation of disc brakes across the region is estimated to boost regional growth, and hence supplement overall automotive brake pads market share.
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