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Get detailed analysis of the COVID-19 impact on the Brake Pads Market

Global Brake Pads Market Opportunities and Forecast 2020-2027

  • DLR2714
  • 02 August, 2021
  • Automobile & Transportation
  • Pages: 120
  • Global
Global Brake Pads Market, By Types (Non-Asbestos Organic Brake Pads, Low Metallic Nao Brake Pads, Semi Metallic Brake Pads, Ceramic Brake Pads), By Application (OEM, Aftermarket), And Opportunities and Forecast 2020-2027.

Brake Pads Market Overview

The global brake pads market is driven majorly by factors such as the growing demand for metallic brake pads has a substantial impact on the market for brake pads. Companies in the brake pad industry are becoming more cognizant of car emissions caused by disc brake wear. Aside from that, manufacturers are considering matching sets of rotors and brake pads to provide vehicles with long-lasting and consistent performance.

However, the growing popularity of electric vehicles with regenerative braking systems reduces the use of friction brakes, reducing brake pad wear and, as a result, cutting aftermarket demand. Owing to the forced suspension of production and manufacturing activity caused by the recent COVID-19 epidemic, the majority of enterprises around the world have been hampered. As a result, the world economy shrank to its lowest growth rate in history. Vehicle manufacturing was affected by disruptions in the automobile industry's supply lines. Furthermore, as consumers refrain from spending money on non-essential things and services, demand for new vehicles has decreased.

Covid-19 Impact on Brake Pads Market:

The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.

Brake Pads Market Segment Overview

Based on type, the Brake Pads market is segmented into Non-Asbestos Organic Brake Pads, Low Metallic Nao Brake Pads, Semi-Metallic Brake Pads, and Ceramic Brake Pads. The non-Asbestos Organic Brake Pads segment holds the largest market share for the Brake Pads market. The Semi-Metallic Brake Pads segment is expected to grow at a significant CAGR over the forecast period of 2020-2027.

Based on application, the Brake Pads market is segmented into OEM and Aftermarket. OEM is expected to account for the largest share in the global Brake Pads market in 2020. The OEM segment is likely to dominate the market in the coming years due to its durability and produces less dust than others.

Market Analysis, Insights, and Forecast – By Type

·       Non-Asbestos Organic Brake Pads
·       Low Metallic Nao Brake Pads
·       Semi Metallic Brake Pads
·       Ceramic Brake Pads      

Market Analysis, Insights, and Forecast – By Application

·       OEM
·       Aftermarket

Brake Pads Market Regional Overview

The regional analysis includes the adoption of Brake Pads products across North America, Europe, Asia-Pacific (APAC), Latin America Middle East & Africa (MEA). Asia-Pacific is the largest regional segment in the global market. Asia Pacific brake pads market is having an increasing demand and progressing trend for many end-use applications. The increasing production of brake pads in end-use applications like the OEM brake sector is expected to boost the demand for the brake pads market. Furthermore, the increasing demand for ceramic brakes is majorly driving market expansion. The North America brake pads market is expected to grow significantly in the coming years. The use of brake pads in cosmetics applications is one of the factors contributing to the market growth. However, ease in availability of these products along with discounted, festive sales, and a wide range of products in e-commerce websites are expected to result in a slow rate of sales through company portals.

Brake Pads Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Brake Pads Market Competitor overview

Some key developments and strategies adopted by manufacturers in Brake Pads are highlighted below.

·       In February 2020, Akebono Brake Corporation expanded its ProACT Ultra-Premium Disc Brake Pad line by four-part numbers. 

Brake Pads Market, Key Players

·       Robert Bosch GmbH
·       Federal-Mogul LLC (Tenneco Inc.)
·       AKEBONO Group
·       MAT Holdings, Inc.
·       TRW Automotive (ZF Friedrichshafen AG)
·       BREMBO SPA
·       Nisshinbo Holdings
·       Sangsin Brake Co., Ltd.
·       Hawk Performance
·       Fras-Le S.A.

Brake Pads Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global Brake Pads Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights, and Forecast – By Type
        • 5.2.1. Non-Asbestos Organic Brake Pads
        • 5.2.2. Low Metallic Nao Brake Pads
        • 5.2.3. Semi Metallic Brake Pads
        • 5.2.4. Ceramic Brake Pads
      • 5.3. Market Analysis, Insights, and Forecast – By Application
        • 5.3.1. OEM
        • 5.3.2. Aftermarket
      • 5.4. Market Analysis, Insights and Forecast – By Region
        • 5.4.1. North America
        • 5.4.2. Europe
        • 5.4.3. Asia Pacific
        • 5.4.4. Latin America, Middle East, and Africa

      6. North America Brake Pads Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights, and Forecast – By Type
        • 6.2.1. Non-Asbestos Organic Brake Pads
        • 6.2.2. Low Metallic Nao Brake Pads
        • 6.2.3. Semi Metallic Brake Pads
        • 6.2.4. Ceramic Brake Pads
      • 6.3. Market Analysis, Insights, and Forecast – By Application
        • 6.3.1. OEM
        • 6.3.2. Aftermarket
      • 6.4. Market Analysis, Insights and Forecast – By Country
        • 6.4.1. U.S.
        • 6.4.2. Canada

      7. Europe Brake Pads Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights, and Forecast – By Type
        • 7.2.1. Non-Asbestos Organic Brake Pads
        • 7.2.2. Low Metallic Nao Brake Pads
        • 7.2.3. Semi Metallic Brake Pads
        • 7.2.4. Ceramic Brake Pads
      • 7.3. Market Analysis, Insights, and Forecast – By Application
        • 7.3.1. OEM
        • 7.3.2. Aftermarket
      • 7.4. Market Analysis, Insights and Forecast – By Country
        • 7.4.1. UK
        • 7.4.2. Germany
        • 7.4.3. France
        • 7.4.4. Italy
        • 7.4.5. Spain
        • 7.4.6. Russia
        • 7.4.7. Rest of Europe

      8. Asia Pacific Brake Pads Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights, and Forecast – By Type
        • 8.2.1. Non-Asbestos Organic Brake Pads
        • 8.2.2. Low Metallic Nao Brake Pads
        • 8.2.3. Semi Metallic Brake Pads
        • 8.2.4. Ceramic Brake Pads
      • 8.3. Market Analysis, Insights, and Forecast – By Application
        • 8.3.1. OEM
        • 8.3.2. Aftermarket
      • 8.4. Market Analysis, Insights and Forecast – By Country
        • 8.4.1. China
        • 8.4.2. India
        • 8.4.3. Japan
        • 8.4.4. Australia
        • 8.4.5. South East Asia
        • 8.4.6. Rest of Asia Pacific

      9. Latin America, Middle East, and Africa Brake Pads Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights, and Forecast – By Type
        • 9.2.1. Non-Asbestos Organic Brake Pads
        • 9.2.2. Low Metallic Nao Brake Pads
        • 9.2.3. Semi Metallic Brake Pads
        • 9.2.4. Ceramic Brake Pads
      • 9.3. Market Analysis, Insights, and Forecast – By Application
        • 9.3.1. OEM
        • 9.3.2. Aftermarket
      • 9.4. Market Analysis, Insights and Forecast – By Country
        • 9.4.1. Brazil
        • 9.4.2. Saudi Arabia
        • 9.4.3. UAE
        • 9.4.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2020
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Robert Bosch GmbH
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. Federal-Mogul LLC (Tenneco Inc.)
      • 10.6. AKEBONO Group
      • 10.7. MAT Holdings, Inc.
      • 10.8. TRW Automotive (ZF Friedrichshafen AG)
      • 10.9. BREMBO SPA
      • 10.10. Nisshinbo Holdings
      • 10.11. Sangsin Brake Co., Ltd.
      • 10.12. Hawk Performance

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