Global Automotive Brake Pads Market Growth 2025-2031

The global Automotive Brake Pads market size is predicted to grow from US$ 10260 million in 2025 to US$ 12010 million in 2031; it is expected to grow at a CAGR of 2.7% from 2025 to 2031.

Brake Pads are components of brake systems used in automotive and other applications. Brake pads are friction materials which bound to the surface that faces the brake rotor and take the brunt of the frictional force necessary to stop the car. In a disc brake system, the brake pedal activates a hydraulic line which squeezes the calipers against the rotors of the car's tires. Pads are positioned between the calipers and the rotors to absorb the energy and heat, and then provide enough grips to stop the car.

In this report, we only count brake pads, not brake shoes. The main difference between brake pads and brake shoes is: The brake shoes are a component of the drum brake system in a vehicle. They are made of a tough, heat-resistant material and are attached to the brake drum. Brake pads are a component of the disc brake system. They are the part that comes into contact with the brake rotor to slow or stop a vehicle.

Note: In the report, one unit Brake Pad represents two pieces of Brake Pads.

The major sales regions for automotive brake pads include North America, Europe, Asia Pacific, and Latin America. Europe is the largest market for automotive brake pads, accounting for over 30% of the global market share in 2023. North America and Asia Pacific follow closely behind. Latin America is a smaller market for automotive brake pads, but it is expected to experience significant growth in the coming years.

The automotive brake pads market is highly competitive, with several key players dominating the market. Some of the major competitors in the market include Bosch, Nisshinbo, ZF Aftermarket (TRW), and Tenneco (Federal Mogul). These companies are constantly innovating and introducing new products to stay ahead of the competition. The market concentration is not high, although the top five companies occupy most of the market share. However, some emerging brands have successfully entered the market through innovative technologies and marketing strategies, breaking the monopoly of traditional brands and reducing market concentration.

Despite the strong growth prospects for the automotive brake pads market, there are several challenges that the industry faces. One of the main challenges is the increasing demand for electric vehicles, which do not require traditional brake pads. This shift towards electric vehicles could potentially impact the demand for automotive brake pads in the future. Additionally, the market is also facing challenges related to environmental regulations and sustainability concerns. As governments around the world implement stricter emissions standards, automotive brake pad manufacturers will need to develop more environmentally friendly products to comply with these regulations.

Despite these challenges, there are also several opportunities for growth in the automotive brake pads market. One of the main opportunities is the increasing demand for high-performance brake pads in the aftermarket segment. As consumers become more conscious of safety and performance, there is a growing demand for premium brake pads that offer better stopping power and durability. Additionally, the growing trend towards autonomous vehicles and advanced driver assistance systems (ADAS) is also expected to drive the demand for advanced brake pad technologies in the coming years.

In terms of future product development trends, the automotive brake pads market is expected to see a shift towards more advanced materials and technologies. Manufacturers are increasingly focusing on developing brake pads that offer better performance, durability, and noise reduction. Ceramic brake pads, in particular, are gaining popularity due to their superior performance and longer lifespan compared to traditional brake pads. Additionally, manufacturers are also investing in research and development to develop brake pads that are more environmentally friendly and comply with stricter emissions standards. Overall, the automotive brake pads market is poised for continued growth and innovation in the coming years.

LP Information, Inc. (LPI) ' newest research report, the “Automotive Brake Pads Industry Forecast” looks at past sales and reviews total world Automotive Brake Pads sales in 2024, providing a comprehensive analysis by region and market sector of projected Automotive Brake Pads sales for 2025 through 2031. With Automotive Brake Pads sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Brake Pads industry.

This Insight Report provides a comprehensive analysis of the global Automotive Brake Pads landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Brake Pads portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Brake Pads market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Brake Pads and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Brake Pads.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Brake Pads market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Non-asbestos Organic Brake Pads
Low Metallic NAO Brake Pads
Semi Metallic Brake Pads
Ceramic Brake Pads

Segmentation by Application:
Vehicles OEM Industry
Vehicles Aftermarket Industry

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BOSCH
Nisshinbo
ZF Aftermarket (TRW)
Tenneco (Federal Mogul)
MAT Holdings
ITT Corporation
Akebono
Sangsin Brake
Brembo
Hitachi
ADVICS
GM (ACDelco)
BorgWarner (Delphi)
Shandong Gold Phoenix
Continental (ATE)
Fras-le
Brake Parts Inc
Knorr-Bremse AG
Double Link
SAL-FER
ABS Friction
Icer Brakes
FBK
MK Kashiyama
EBC Brakes

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Brake Pads market?

What factors are driving Automotive Brake Pads market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Brake Pads market opportunities vary by end market size?

How does Automotive Brake Pads break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.