Automotive Brake Pad Market By Material, By Position, By Vehicle Type, By Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: AUTOMOTIVE BRAKE PAD MARKET, BY MATERIAL
4.1 Overview
4.1.1 Market size and forecast
4.2 Semi Metallic
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Non Asbestos Organic
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Low Metallic NAO
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5 Ceramic
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country

CHAPTER 5: AUTOMOTIVE BRAKE PAD MARKET, BY POSITION
5.1 Overview
5.1.1 Market size and forecast
5.2 Front
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Front and Rear
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: AUTOMOTIVE BRAKE PAD MARKET, BY VEHICLE TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Two Wheelers
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Passenger Cars
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Light Commercial Vehicles
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
6.5 Heavy Commercial Vehicles
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market share analysis by country

CHAPTER 7: AUTOMOTIVE BRAKE PAD MARKET, BY SALES CHANNEL
7.1 Overview
7.1.1 Market size and forecast
7.2 OEM
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Aftermarket
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country

CHAPTER 8: AUTOMOTIVE BRAKE PAD MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Material
8.2.3 North America Market size and forecast, by Position
8.2.4 North America Market size and forecast, by Vehicle Type
8.2.5 North America Market size and forecast, by Sales Channel
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Material
8.2.6.1.3 Market size and forecast, by Position
8.2.6.1.4 Market size and forecast, by Vehicle Type
8.2.6.1.5 Market size and forecast, by Sales Channel
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Material
8.2.6.2.3 Market size and forecast, by Position
8.2.6.2.4 Market size and forecast, by Vehicle Type
8.2.6.2.5 Market size and forecast, by Sales Channel
8.2.6.3 Mexico
8.2.6.3.1 Key market trends, growth factors and opportunities
8.2.6.3.2 Market size and forecast, by Material
8.2.6.3.3 Market size and forecast, by Position
8.2.6.3.4 Market size and forecast, by Vehicle Type
8.2.6.3.5 Market size and forecast, by Sales Channel
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Material
8.3.3 Europe Market size and forecast, by Position
8.3.4 Europe Market size and forecast, by Vehicle Type
8.3.5 Europe Market size and forecast, by Sales Channel
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Material
8.3.6.1.3 Market size and forecast, by Position
8.3.6.1.4 Market size and forecast, by Vehicle Type
8.3.6.1.5 Market size and forecast, by Sales Channel
8.3.6.2 France
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Material
8.3.6.2.3 Market size and forecast, by Position
8.3.6.2.4 Market size and forecast, by Vehicle Type
8.3.6.2.5 Market size and forecast, by Sales Channel
8.3.6.3 UK
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Material
8.3.6.3.3 Market size and forecast, by Position
8.3.6.3.4 Market size and forecast, by Vehicle Type
8.3.6.3.5 Market size and forecast, by Sales Channel
8.3.6.4 Italy
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Material
8.3.6.4.3 Market size and forecast, by Position
8.3.6.4.4 Market size and forecast, by Vehicle Type
8.3.6.4.5 Market size and forecast, by Sales Channel
8.3.6.5 Rest of Europe
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Material
8.3.6.5.3 Market size and forecast, by Position
8.3.6.5.4 Market size and forecast, by Vehicle Type
8.3.6.5.5 Market size and forecast, by Sales Channel
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Material
8.4.3 Asia-Pacific Market size and forecast, by Position
8.4.4 Asia-Pacific Market size and forecast, by Vehicle Type
8.4.5 Asia-Pacific Market size and forecast, by Sales Channel
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Material
8.4.6.1.3 Market size and forecast, by Position
8.4.6.1.4 Market size and forecast, by Vehicle Type
8.4.6.1.5 Market size and forecast, by Sales Channel
8.4.6.2 Japan
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Material
8.4.6.2.3 Market size and forecast, by Position
8.4.6.2.4 Market size and forecast, by Vehicle Type
8.4.6.2.5 Market size and forecast, by Sales Channel
8.4.6.3 India
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Material
8.4.6.3.3 Market size and forecast, by Position
8.4.6.3.4 Market size and forecast, by Vehicle Type
8.4.6.3.5 Market size and forecast, by Sales Channel
8.4.6.4 South Korea
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Material
8.4.6.4.3 Market size and forecast, by Position
8.4.6.4.4 Market size and forecast, by Vehicle Type
8.4.6.4.5 Market size and forecast, by Sales Channel
8.4.6.5 Rest of Asia-Pacific
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Material
8.4.6.5.3 Market size and forecast, by Position
8.4.6.5.4 Market size and forecast, by Vehicle Type
8.4.6.5.5 Market size and forecast, by Sales Channel
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Material
8.5.3 LAMEA Market size and forecast, by Position
8.5.4 LAMEA Market size and forecast, by Vehicle Type
8.5.5 LAMEA Market size and forecast, by Sales Channel
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Material
8.5.6.1.3 Market size and forecast, by Position
8.5.6.1.4 Market size and forecast, by Vehicle Type
8.5.6.1.5 Market size and forecast, by Sales Channel
8.5.6.2 Middle East
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Material
8.5.6.2.3 Market size and forecast, by Position
8.5.6.2.4 Market size and forecast, by Vehicle Type
8.5.6.2.5 Market size and forecast, by Sales Channel
8.5.6.3 Africa
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Material
8.5.6.3.3 Market size and forecast, by Position
8.5.6.3.4 Market size and forecast, by Vehicle Type
8.5.6.3.5 Market size and forecast, by Sales Channel

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Akebono Brake Industry Co Ltd
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 ADVICS
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Brake Parts Inc
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Brembo S. p. A
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Continental AG
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Delphi Technologies Inc.
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 EBC Brake
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 ITT Inc.
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Nisshinbo Brake Inc.
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Robert Bosch GmbH
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Tenneco Inc.
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 ZF Friedrichshafen AG
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments

Executive Summary

The Automotive Brake Pads Market is likely to experience a significant growth rate of 5.6% from 2022-2031 owing to surge in market demand from automotive sector.

An automotive brake pad is a component that applies the pressure and friction required to stop a vehicle on a brake disc. Brake pads are steel backing plates with friction-based materials glued to their surfaces. They are used in automotive and other applications. They are attached to the caliper and help convert the vehicle's kinetic energy into thermal energy.

Key factors that drive the growth of the automotive brake pad market include rise in demand for brake pads made up of eco-friendly brake friction material, surge in implementation of strict government regulations related to automotive safety, increase in automotive aftermarket consumption of brake pads, and growth in production of commercial vehicles.

The production of brake pads has frequently included the mixing of harmful asbestos as a raw material. Therefore, owing to increased awareness of the harmful impacts of traditional brake pad material, the demand for organic substitutes for making brake pads has increased significantly. Natural fibers have numerous advantages over synthetic fibers such as low density, abundance, cheap cost, it is recyclable, biodegradable, renewable, and has relatively high strength & stiffness. Natural fibers and organic materials are utilized to manufacture eco-friendly brake pads. Therefore, an increase in demand for the utilization of organic material to produce eco-friendly and sustainable brake pads is expected to drive the growth of the market.

The automotive industry aims to develop new and advanced methods to make vehicles lighter with the use of new materials, technologies, and equipment. Thus, the introduction of an advanced brake-by-wire system, also known as the electronically controlled braking system, which eliminates the need for pumps, hoses, belts, fluids, cylinders, and vacuum servos, with the use of electronic sensors and electrical actuators reduces the weight of the vehicle. Many leading OEMs are focusing on the development of a brake-by-wire system to reduce weight and improve the performance of vehicles. For instance, in January 2020, Alcon, a designer & manufacturer of brakes and clutches developed the AAC03 brake-by-wire system primarily for use in vehicles. Furthermore, the growth in the sales of electric and hybrid vehicles is expected to lead to an increase in demand for the brake-by-wire system, which is expected to provide growth opportunities for the automotive brake pad market.

The automotive brake pad market is segmented into material, position, vehicle type, sales channel, and region. On the basis of material, the market is categorized into semi metallic, non-asbestos organic, low metallic NAO, and ceramic. On the basis of position, it is bifurcated into front and front & rear. On the basis of vehicle type, it is fragmented into two wheelers, passenger cars, light commercial vehicles, and heavy commercial vehicles. On the basis of sales channel, it is classified into OEM (original equipment manufacturer) and aftermarket. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include Akebono Brake Industry Co Ltd., ADVICs, Brake Parts Inc., Brembo S.p.A., Continental AG, Delphi Technologies Inc. (BorgWarner Inc.), EBC Brake, ITT Inc., Nisshinbo Brake Inc., Robert Bosch GmbH, Tenneco Inc., and ZF Friedrichshafen AG. The players in the market have been actively engaged in the adoption of various strategies such as collaboration, product launch, expansion, and product development to remain competitive and gain advantage over the competitors in the market. For instance, in April 2022, Tenneco introduced advanced hybrid friction material composites for light vehicle disc brake pads and low steel &NAO drum brake linings for commercial vehicles disc brake pads.

Key Market Insights

By material, the non-asbestos organic segment was the highest revenue contributor to the market, and is estimated to reach $2,379.6 million by 2031, with a CAGR of 5.1%. However, the ceramic segment is estimated to be the fastest growing segment with a CAGR of 6.6% during the forecast period.

By position, the front and rear segment dominated the global market, and is estimated to reach $3,361.4 million by 2031, with a CAGR of 5.2%. However, the front segment is expected to be the fastest growing segment during the automotive brake pad Market Forecast.

By vehicle type, the passenger car segment was the highest revenue contributor to the market, with $2,390.3 million in 2021, and is estimated to reach $3,983.9 million by 2031, with a CAGR of 5.3%.

By sales channel, the aftermarket segment dominated the global market, and is estimated to reach $3,868.9 million by 2031, with a CAGR of 5.2%. However, the OEM segment is expected to be the fastest growing segment during the forecast period.

By region, Asia-Pacific was the highest revenue contributor, accounting for $1,626.1 million in 2021, and is estimated to reach $2,884.1 million by 2031, with a CAGR of 6.0%.

Companies Mentioned

• Continental AG
• Robert Bosch GmbH
• Zf Friedrichshafen AG
• Akebono Brake Industry Co Ltd.
• Advics Co. Ltd.
• Brake Parts Inc.
• Brembo S.P.A
• Delphi Technologies (Borgwarner Inc. )
• Ebc Brakes
• Itt Inc.
• Nisshinbo Brake Inc.
• Tenneco Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.