Global Sintered Brake Pads Market Research Report 2022

Global Sintered Brake Pads Market Research Report 2022

Market Analysis and Insights: Global Sintered Brake Pads Market
Due to the COVID-19 pandemic, the global sintered brake pads market size is estimated to be worth US$ 705.89 million in 2022 and is forecast to a readjusted size of US$ 1065.61 million by 2028 with a CAGR of 7.11% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, rail sintered brake pads accounting for 78.68% of the sintered brake pads global market in 2021, is projected to value US$ 705.57 million by 2028, growing at a revised 6.62% CAGR from 2022 to 2028. While aftermarket segment is altered to an 10.81 % CAGR throughout this forecast period.
Europe sintered brake pads market size was US$ 323.27 million in 2021, while China was US$ 134.23 million. The proportion of the Europe was 49.47% in 2021, while China’s percentage was 20.54%, and it is predicted that China market share will reach 25.01% in 2028, trailing a CAGR of 10.17 % through the analysis period. As for the Asia, the notable markets are Japan and South Korea, CAGR is 5.44 % and 6.16 % respectively for the next 6-year period.
The global major manufacturers of Sintered Brake Pads include Knorr-Bremse, Tianyishangjia New Material, Akebono Brake Industry, Tokai Carbon, Miba, KUMA Brakes, CRRC Qishuyan Institute, SBS Friction, and Dawin Friction, etc. In terms of revenue, the global five largest players hold a 59.23% market share of sintered brake pads in 2021.
Global Sintered Brake Pads Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2018 to 2021, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Sintered Brake Pads Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Company

Knorr-Bremse
Tianyishangjia New Material
Akebono Brake Industry
Tokai Carbon
Miba
KUMA Brakes
CRRC Qishuyan Institute
SBS Friction
Dawin Friction
Flertex
EBC Brakes
Industrias Galfer
Ferodo
Frenotecnica
Bosun

Segment by Type

Road Sintered Brake Pads
Rail Sintered Brake Pads
Wind Turbine Sintered Brake Pads

Segment by Application

OEM
Aftermarket

Production by Region

North America
Europe
China
Japan
South Korea
India

Consumption by Region
North America
U.S.
Canada

Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia

Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe

South America
Mexico
Brazil
Rest of South America