Brake Pads

Global Market Trajectory & Analytics

MCP23695

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DATE

JAN 2022

TABLES

22

PAGES

78

EDITION

2

PRICE

USD 5600

CODE

MCP23695


COMPETITIVE METRICS

COMPETITORS (ALPHABETICAL)

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HIGHLIGHTS & REPORT INDEX

Amid the COVID-19 crisis, the global market for Brake Pads estimated at US$11.1 Billion in the year 2020, is projected to reach a revised size of US$15.4 Billion by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027.Non-Asbestos Organic (NAO), one of the segments analyzed in the report, is projected to grow at a 4.5% CAGR to reach US$6.7 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Low-Metallic NAO segment is readjusted to a revised 4.9% CAGR for the next 7-year period. This segment currently accounts for a 33.8% share of the global Brake Pads market.
The Brake Pads market in the U.S. is estimated at US$3 Billion in the year 2020. The country currently accounts for a 26.99% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.2 Billion in the year 2027 trailing a CAGR of 7.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$3.2 Billion by the year 2027.
In the global Semi Metallic segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2027, while Latin America will expand at a 5.9% CAGR through the analysis period.

SELECT PLAYERS

ACDelco; AISIN SEIKI Co., Ltd.; Akebono Brake Corporation; ASIMCO; ASK Automotive Pvt. Ltd.; AVS BRAKE LININGS Private Limited; Bosch Limited; Brake Parts, Inc. ; Brembo S.p.A.; BSK Auto Industries

SEGMENTS

» Material Type (Non-Asbestos Organic (NAO), Low-Metallic NAO, Semi Metallic, Ceramic) » Distribution Channel (OEM, Aftermarket) » End-Use (Passenger Cars, Commercial Vehicles, Two-Wheelers)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa

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