The Latin America, Middle East and Africa Automotive Brake Pad Market would witness market growth of 7.5% CAGR during the forecast period (2022-2028).
They emit little to no brake dust, making them 'cleaner' than the other options. Because of this characteristic, the brake pad residue is not left behind on the wheels, which eliminates the need for extra abrasive cleaners or degreasers to clean them up. Ceramic brake pads significantly reduce noise levels. They don't totally block out noise; rather, they vibrate at frequencies above the range of human hearing, giving the impression that they are 'quieter' than the competition.
The brake pads tend to deteriorate progressively and leave behind brake dust on the tyres as a result of friction between the rotors and the brake pads. The tyre wear caused by this dust may be accelerated and may be difficult to remove from the tyres. Ceramic brake pads don't leave behind much residue, giving the tyres a clean appearance and reducing wear. One of the main advantages of ceramic brake pads over the others is that they do not screech when the brakes are applied, unlike their metallic or semi-metallic counterparts. This is mostly because of how differently they were built, both in terms of design and materials.
The UAE government's emphasis on the growth of the automobile industry reflects its intention to leverage this sector to promote the nation's economic growth. As Dubai enters a new period of growth, it is projected to also emerge as the region's key automotive hub, growing through the export and re-export of vehicles to the Middle East. High society in the United Arab Emirates employs luxury automobiles as status symbols. In the UAE, a greater proportion of the population enjoys a higher level of life than anywhere in the world. In addition, residents' income in Dubai is not subject to income tax. Therefore, during the projection period, the expansion of the automotive industry will contribute to the growth of the regional market.
The Brazil market dominated the LAMEA Automotive Brake Pad Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $92.4 million by 2028.The Argentina market is experiencing a CAGR of 8.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.3% during (2022 - 2028).
Based on Material, the market is segmented into Non-Asbestos Organic, Semi Metallic, Low Metallic NAO and Ceramic. Based on Position, the market is segmented into Front & Rear and Front. Based on Sales Channel, the market is segmented into Aftermarket and OEM. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, Two Wheelers and Heavy Commercial Vehicles. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Brembo S.p.A., BorgWarner, Inc., ITT, Inc., Tenneco, Inc. (Apollo Funds), Akebono Brake Industry Co., Ltd., ADVICS Co., Ltd. (Aisin Corporation), and Brake Parts, Inc. (First Brands Group).
They emit little to no brake dust, making them 'cleaner' than the other options. Because of this characteristic, the brake pad residue is not left behind on the wheels, which eliminates the need for extra abrasive cleaners or degreasers to clean them up. Ceramic brake pads significantly reduce noise levels. They don't totally block out noise; rather, they vibrate at frequencies above the range of human hearing, giving the impression that they are 'quieter' than the competition.
The brake pads tend to deteriorate progressively and leave behind brake dust on the tyres as a result of friction between the rotors and the brake pads. The tyre wear caused by this dust may be accelerated and may be difficult to remove from the tyres. Ceramic brake pads don't leave behind much residue, giving the tyres a clean appearance and reducing wear. One of the main advantages of ceramic brake pads over the others is that they do not screech when the brakes are applied, unlike their metallic or semi-metallic counterparts. This is mostly because of how differently they were built, both in terms of design and materials.
The UAE government's emphasis on the growth of the automobile industry reflects its intention to leverage this sector to promote the nation's economic growth. As Dubai enters a new period of growth, it is projected to also emerge as the region's key automotive hub, growing through the export and re-export of vehicles to the Middle East. High society in the United Arab Emirates employs luxury automobiles as status symbols. In the UAE, a greater proportion of the population enjoys a higher level of life than anywhere in the world. In addition, residents' income in Dubai is not subject to income tax. Therefore, during the projection period, the expansion of the automotive industry will contribute to the growth of the regional market.
The Brazil market dominated the LAMEA Automotive Brake Pad Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $92.4 million by 2028.The Argentina market is experiencing a CAGR of 8.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.3% during (2022 - 2028).
Based on Material, the market is segmented into Non-Asbestos Organic, Semi Metallic, Low Metallic NAO and Ceramic. Based on Position, the market is segmented into Front & Rear and Front. Based on Sales Channel, the market is segmented into Aftermarket and OEM. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, Two Wheelers and Heavy Commercial Vehicles. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Brembo S.p.A., BorgWarner, Inc., ITT, Inc., Tenneco, Inc. (Apollo Funds), Akebono Brake Industry Co., Ltd., ADVICS Co., Ltd. (Aisin Corporation), and Brake Parts, Inc. (First Brands Group).
Scope of the Study
Market Segments Covered in the Report:
By Material
- Non-Asbestos Organic
- Semi Metallic
- Low Metallic NAO
- Ceramic
By Position
- Front & Rear
- Front
By Sales Channel
- Aftermarket
- OEM
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Two Wheelers
- Heavy Commercial Vehicles
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Brembo S.p.A
- BorgWarner, Inc
- ITT, Inc
- Tenneco, Inc. (Apollo Funds)
- Akebono Brake Industry Co., Ltd
- ADVICS Co., Ltd. (Aisin Corporation)
- Brake Parts, Inc. (First Brands Group)
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Automotive Brake Pad Market, by Material
1.4.2 LAMEA Automotive Brake Pad Market, by Position
1.4.3 LAMEA Automotive Brake Pad Market, by Sales Channel
1.4.4 LAMEA Automotive Brake Pad Market, by Vehicle Type
1.4.5 LAMEA Automotive Brake Pad Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Product Launches and Product Expansions
3.2.2 Acquisition and Mergers
3.2.3 Joint Ventures
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Sep - 2022, Nov) Leading Players
Chapter 4. LAMEA Automotive Brake Pad Market by Material
4.1 LAMEA Non Asbestos Organic Market by Country
4.2 LAMEA Semi Metallic Market by Country
4.3 LAMEA Low Metallic NAO Market by Country
4.4 LAMEA Ceramic Market by Country
Chapter 5. LAMEA Automotive Brake Pad Market by Position
5.1 LAMEA Front & Rear Market by Country
5.2 LAMEA Front Market by Country
Chapter 6. LAMEA Automotive Brake Pad Market by Sales Channel
6.1 LAMEA Aftermarket Market by Country
6.2 LAMEA OEM Market by Country
Chapter 7. LAMEA Automotive Brake Pad Market by Vehicle Type
7.1 LAMEA Passenger Cars Market by Country
7.2 LAMEA Light Commercial Vehicles Market by Country
7.3 LAMEA Two Wheelers Market by Country
7.4 LAMEA Heavy Commercial Vehicles Market by Country
Chapter 8. LAMEA Automotive Brake Pad Market by Country
8.1 Brazil Automotive Brake Pad Market
8.1.1 Brazil Automotive Brake Pad Market by Material
8.1.2 Brazil Automotive Brake Pad Market by Position
8.1.3 Brazil Automotive Brake Pad Market by Sales Channel
8.1.4 Brazil Automotive Brake Pad Market by Vehicle Type
8.2 Argentina Automotive Brake Pad Market
8.2.1 Argentina Automotive Brake Pad Market by Material
8.2.2 Argentina Automotive Brake Pad Market by Position
8.2.3 Argentina Automotive Brake Pad Market by Sales Channel
8.2.4 Argentina Automotive Brake Pad Market by Vehicle Type
8.3 UAE Automotive Brake Pad Market
8.3.1 UAE Automotive Brake Pad Market by Material
8.3.2 UAE Automotive Brake Pad Market by Position
8.3.3 UAE Automotive Brake Pad Market by Sales Channel
8.3.4 UAE Automotive Brake Pad Market by Vehicle Type
8.4 Saudi Arabia Automotive Brake Pad Market
8.4.1 Saudi Arabia Automotive Brake Pad Market by Material
8.4.2 Saudi Arabia Automotive Brake Pad Market by Position
8.4.3 Saudi Arabia Automotive Brake Pad Market by Sales Channel
8.4.4 Saudi Arabia Automotive Brake Pad Market by Vehicle Type
8.5 South Africa Automotive Brake Pad Market
8.5.1 South Africa Automotive Brake Pad Market by Material
8.5.2 South Africa Automotive Brake Pad Market by Position
8.5.3 South Africa Automotive Brake Pad Market by Sales Channel
8.5.4 South Africa Automotive Brake Pad Market by Vehicle Type
8.6 Nigeria Automotive Brake Pad Market
8.6.1 Nigeria Automotive Brake Pad Market by Material
8.6.2 Nigeria Automotive Brake Pad Market by Position
8.6.3 Nigeria Automotive Brake Pad Market by Sales Channel
8.6.4 Nigeria Automotive Brake Pad Market by Vehicle Type
8.7 Rest of LAMEA Automotive Brake Pad Market
8.7.1 Rest of LAMEA Automotive Brake Pad Market by Material
8.7.2 Rest of LAMEA Automotive Brake Pad Market by Position
8.7.3 Rest of LAMEA Automotive Brake Pad Market by Sales Channel
8.7.4 Rest of LAMEA Automotive Brake Pad Market by Vehicle Type
Chapter 9. Company Profiles
9.1 Continental AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Joint Venture:
9.1.4.2 Product Launches and Product Expansions:
9.1.5 Research & Development Expense
9.1.6 SWOT Analysis
9.2 Robert Bosch GmbH
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Brembo S.p.A.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Joint Ventures:
9.3.4.2 Product Launches and Product Expansions:
9.3.4.3 Acquisition and Mergers:
9.3.4.4 Geographical Expansions:
9.4 ZF Friedrichshafen AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.4.5.3 Geographical Expansions:
9.5 ITT, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Geographical Expansions:
9.6 ADVICS Co., Ltd. (Aisin Corporation)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.7 BorgWarner, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional & Segmental Analysis
9.7.4 Research & Development Expenses
9.8 Akebono Brake Industry Co., Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Product Category and Regional Analysis
9.8.4 Research & Development Expenses
9.9 Tenneco, Inc. (Apollo Credit Management, LLC)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional & Segmental Analysis
9.9.4 Research & Development Expenses
9.10. Brake Parts, Inc. (First Brands Group)
9.10.1 Company Overview
Companies Mentioned
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Brembo S.p.A.
- BorgWarner, Inc.
- ITT, Inc.
- Tenneco, Inc. (Apollo Funds)
- Akebono Brake Industry Co., Ltd.
- ADVICS Co., Ltd. (Aisin Corporation)
- Brake Parts, Inc. (First Brands Group)
Methodology
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