The Automotive Brake Pads Global Market Report 2023, provides comprehensive information on the automotive brake pads market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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The global automotive brake pads market is poised for substantial growth, with an anticipated increase from $7.74 billion in 2022 to $8.26 billion in 2023, representing a solid compound annual growth rate (CAGR) of 6.7%. However, the Russia-Ukraine conflict has introduced uncertainties into the global economic recovery post-COVID-19, resulting in economic sanctions, rising commodity prices, and supply chain disruptions that have triggered inflationary pressures across various sectors. Nevertheless, the global automotive brake pads market is projected to reach $10.52 billion by 2027, reflecting a CAGR of 6.2%. This growth trajectory underscores the market’s resilience in a challenging global landscape.
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Product innovation stands out as a pivotal trend driving advancements in the automotive brake pads market. Prominent players within this sector are dedicated to pioneering innovative solutions that bolster their market standing. An illustrative case is Brakes India Pvt Ltd’s introduction of ZAP brake pads in March 2023. These brake pads incorporate cutting-edge friction technology tailored for electric vehicle applications. ZAP brake pads deliver potent stopping power, designed specifically for battery-electric vehicles that align with rigorous environmental safety and sustainability criteria. This innovation highlights the industry’s commitment to elevating performance and eco-conscious solutions
The automotive brake pads market is segmented:
1) By Material Type: Semi-Metallic, Non-Asbestos Organic (NAO), Low-Metallic, Ceramic
2) By Position Type: Front, Front And Rear
3) By Vehicle: Two Wheelers, Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
4) By Sales: Original Equipment Manufacturer, Aftermarket
North America was the largest region in the automotive brake pads market in 2022.
Top 5 Major Key Players Are:
ACDelco
Akebono Brake Industry Co. Ltd
Allied-Nippon Limited
ATE Bosch Auto Parts
Brakes India Pvt. Ltd
Table Of Contents
1. Executive Summary
2. Automotive Brake Pads Market Characteristics
3. Automotive Brake Pads Market Trends And Strategies
4. Automotive Brake Pads Market – Macro Economic Scenario
5. Automotive Brake Pads Market Size And Growth
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26. Africa Automotive Brake Pads Market
27. Automotive Brake Pads Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Brake Pads Market
29. Automotive Brake Pads Market Future Outlook and Potential Analysis
30. Appendix
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