Global Car Brake Pads Market Growth 2023-2029

Global Car Brake Pads Market Growth 2023-2029

This report studies the Car Brake Pads market, 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.

Brake pads are often described as brake linings or brake shoes and when applied to the brake rotors or drums, respectively, with a mix of hydraulic and mechanical force, supply the friction to safely bring the car to a halt. Brake pads are usually used in disc brake setups within a hydraulic brake caliper and are squeezed versus the brake disc, or rotor in order to stop the car when using the brakes. In this report, brake pads, brake linings and brake shoes are in the scope of our statistics.

LPI (LP Information)' newest research report, the “Car Brake Pads Industry Forecast” looks at past sales and reviews total world Car Brake Pads sales in 2022, providing a comprehensive analysis by region and market sector of projected Car Brake Pads sales for 2023 through 2029. With Car Brake Pads sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Car Brake Pads industry.

This Insight Report provides a comprehensive analysis of the global Car 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 Car Brake Pads portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Car Brake Pads market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Car 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 Car Brake Pads.

The global Car Brake Pads market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

In United States market, The South is the largest region of Car Brake Pads, with a market share about 25%, followed by The Midwest and The West, etc. Federal Mogul, Akebono, ZF TRW Automotive Holdings Corp, MAT Holdings and BOSCH are the top 5 manufacturers of industry, and they had about 45% combined market share.

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

Market Segmentation:

Segmentation by type

Non-asbestos Organic Brake Pads

Low Metallic NAO Brake Pads

Semi Metallic Brake Pads

Ceramic Brake Pads

Segmentation by application

Car OEM Industry

Car 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 analyzing the company's coverage, product portfolio, its market penetration.

Federal Mogul

Akebono

ZF TRW Automotive Holdings Corp

MAT Holdings

BOSCH

Nisshinbo Group Company

Delphi Automotive

ATE

ITT Corporation

BREMBO

Brake Parts Inc

Sumitomo

Acdelco

Fras-le

Knorr-Bremse AG

ADVICS

Meritor

Sangsin Brake

Hitachi Chemical

Double Link

Hawk Performance

EBC Brakes

ABS Friction

MK Kashiyama

Hunan Boyun Automobile Brake Materials

FBK SYSTEMS SDN BHD

Key Questions Addressed in this Report

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

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

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

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

How does Car Brake Pads break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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