Global automotive brake pads market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing production and sales of vehicles globally. As more vehicles are manufactured and sold, there is a corresponding demand for brake pads, which are a critical component of every vehicle's braking system. Additionally, factors such as rising concerns about road safety, stringent regulations about vehicle safety standards, and advancements in brake pad technologies to improve performance and durability is further aiding to the global market growth.
Browse the full report description of “Automotive Brake Pads Market Size, Share & Trends Analysis Report by Material Type (Semi-metallic, Non-asbestos, Low-metallic and Ceramic Brake Pad) and by Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV) and Two Wheelers)Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/automotive-brake-pads-market
For instance, In February 2024, Webb introduced its latest innovation, the Ultra Grip air disc brake pads, catering to diverse needs with three distinct variants. Among these, the Ultra Grip Plus stands out as a high-quality option tailored for a broad spectrum of on-highway truck and trailer applications that offers a premium-quality solution, equally versatile for on-highway truck and trailer usage. Additionally, the Ultra Grip Severe-Duty model presents a robust design meticulously crafted to excel in the most demanding operational environments.
Moreover, in August 2023, Delphi rolled out a groundbreaking range of brake pads specifically engineered for Battery Electric Vehicle (BEV) applications, marking a significant milestone in the automotive industry. characterised by a silver powder-coated backplate, these brake pads boast exceptional resistance to rust and unparalleled durability, addressing the unique requirements of BEV systems. Delphi's innovative approach integrates a multi-layered steel and rubber composite shim, effectively minimising noise and vibration while ensuring superior stopping performance and the inclusion of pad wear marking enhances user convenience by providing a clear indication of when brake pads necessitate replacement, optimising maintenance efficiency and vehicle safety.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Material Type
o By Vehicle Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Robert Bosch LLC, Brembo S.p.A., Delphi, Akebono Brake Corp., ZF Friedrichshafen AG and others.
Key questions addressed by the report.
Global Automotive Brake Pads Market Report Segment
By Material Type
By Vehicle Type
Global Automotive Brake Pads Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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