January 9th, 2023
Global Brake Pads Market was valued at USD 9.12 Billion in 2021 and is expected to reach USD 15.4 Billion by the year 2028, at a CAGR of 4.8%.
Brake pads are a component of disc brakes used in automobiles and other applications. Brake pads are made up of steel pads with a friction material bonded to the contact surface of the rotors of the brake disc. Brake pads convert the vehicle's kinetic energy into heat through friction. The two brake pads are contained within the brake with their friction surface facing the rotor. When braking hydraulically, the caliper clamps or squeezes two spacers together on the rotating rotor to slow the vehicle down and come to a complete stop. As the brake pad heats up from contact with the rotor, it transfers a small amount of its friction material to the disc, leaving a matte gray coating on it. The brake disc and the disc (both now with friction material) then "stick" together, creating friction to bring the car to a stop. In disc brakes, there are usually two brake pads on each disc rotor. Brake pads, in general, need to be replaced regularly (depending on the pad material) to prevent the brake pads from fading. Most brake pads are equipped with a method to warn the driver when it is necessary to do so. A common technique is to make a small groove in the center whose eventual disappearance due to wear indicates the end of the gasket's life. Other methods involve placing a thin strip of soft metal in the groove so that when exposed (due to wear), the brake squeaks. A soft metal wear tab can also be implanted in the pad material that closes an electric circuit when the brake pad wears thin, lighting a dashboard warning light.
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The global Brake Pads market report provides comprehensive market information, including classifications, definitions, and market analysis. This also helps with the awareness of various item specifics, the manufacturing cycle, the supply chain, and the cost structure. Along these lines, the understanding of the project's structural squares and key drivers of development is enhanced. To estimate the market size, boundaries such as import and fare, rules in various nations, inflation, legal and political variables, financial elements, and other minor aspects inside organizations have been broken down. The research examines the competitive landscape as well as the most current positions of major rivals in the Brake Pads industry.
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Key Industry Players in Brake Pads Market:
· Brembo S.p.A.
· Akebono Brake Industry Co. Ltd.
· Allied-Nippon Limited
· ATE. Bosch Auto Parts
· Brakes India Pvt. Ltd.
· Brakewel Automotive Components India Pvt. Ltd.
· Rane Brake Lining Limited
· G.U.D Holdings
· Sundaram Brake Linings
· Hindustan Composites Limited
· Makino Auto Industries Pvt. Ltd
· MAT Holdings
· AISIN SEIKI Co. Ltd.
· Nisshinbo Group Company
· AVS BRAKE LININGS Private Limited
· Brakes India Limited
· Brake Parts Inc.
· ASK Automotive Pvt. Ltd.
· Tenneco Inc
· BSK Auto Industries
· ZF Friedrichshafen and others major players.
Brake pads are an integral part of the disc braking system. When the brake pedal is pressed, the brake pads press against the running disc in order to stop its motion and brake the vehicle. The brake pads are essentially made of a material that possesses high co-efficient of friction. Increase in demand for efficient braking during high speeds has led to the expansion of brake pad market.
Segmentation Analysis Includes,
· Non-Asbestos Organic
· Low-Metallic Nao
· Two-Wheeler Vehicle
· Passenger Vehicle
· Commercial Vehicle
· Off-Road Vehicle
By Distribution Channel:
· Original Equipment Manufacturer
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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key questions answered in this report:
· Who are the global key manufacturers of the Brake Pad Industry?
· What are the Brake Pad market opportunities and threats faced by the vendors in the global Brake Pad Industry?
· What focused approach and constraints are holding the Brake Pad market?
· What are the upstream raw materials and manufacturing equipment of Brake Pad along with the manufacturing process of Brake Pad?
· What are the key market trends impacting the growth of the Brake Pad market?
This latest report researches the industry structure, revenue and gross margin. Major players’ headquarters, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Brake Pad companies, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases.
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This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
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