Global Brake Pads Market was valued at USD 9.12 Billion in 2021 and is expected to reach USD 15.4 Billion by the year 2028, at a CAGR of 4.8%.
Brake pads are a component of disc brakes utilized in vehicles and different applications. Brake pads are made of metal pads with a friction fabric bonded to the contact surface of the rotors of the brake disc. Brake pads convert the vehicle's kinetic energy into warmness through friction. The brake pads are contained in the brake with their friction surface facing the rotor. When braking hydraulically, the caliper clamps or squeezes two spacers together at the rotating rotor to sluggish the automobile down and come to a complete prevent. As the brake pad heats up from contact with the rotor, it transfers a small amount of its friction material to the disc, leaving a matte gray coating on it. The brake disc and the disc (each now with friction cloth) then "stick" together, creating friction to deliver the auto to a forestall. In disc brakes, there are commonly two brake pads on each disc rotor.
Brake pads, in popular, need to be replaced frequently (relying on the pad cloth) to save you the brake pads from fading. Most brake pads are equipped with a technique to warn the driver while it is vital to do so. A not unusual approach is to make a small groove inside the center whose eventual disappearance because of put on shows the cease of the gasket's life. Other strategies contain setting a thin strip of smooth metallic in the groove so that after uncovered (due to put on), the brake squeaks. A gentle metallic wear tab also can be implanted in the pad cloth that closes an electric powered circuit whilst the brake pad wears skinny, lighting fixtures a dashboard warning mild.
Who are the key players operating in the industry?
ASIMCO, Brembo S.p.A., ACDelco, Akebono Brake Industry Co. Ltd., Allied-Nippon Limited, ATE. Bosch Auto Parts, Brakes India Pvt. Ltd., Brakewel Automotive Components India Pvt. Ltd., Rane Brake Lining Limited, G.U.D Holdings,Sundaram Brake Linings, Hindustan Composites Limited, Makino Auto Industries Pvt. Ltd, MAT Holdings, AISIN SEIKI Co. Ltd., Nisshinbo Group Company, Ranbro, AVS BRAKE LININGS Private Limited, Brakes India Limited, Brake Parts Inc., STEINHOF,ASK Automotive Pvt. Ltd., Tenneco Inc, BSK Auto Industries, TMD, ZF Friedrichshafen, and Other Major Players.
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Driver
The main driver behind this growth is the increasing demand for automobiles worldwide. Increasing disposable income and urbanization have led to a significant increase in the number of car buyers, which has led to an increased demand for brakes with stricter government regulations on vehicle safety and emissions disposal management has also played an important role in the growth of this market. With accidents and deaths on the rise, governments around the world have taken drastic action. These regulations are in place to ensure the safety of drivers and pedestrians, and reduce the negative impact of vehicles on the environment.
This factor has also opened up opportunities for new players to enter the market. The increasing demand for high-quality brakes has enabled smaller manufacturers to compete with larger established brands by offering innovative and cost-effective solutions This has created a diverse and competitive market, which grows comes at the expense of both consumers and the industry.
The Report on Platform As A Market provides detailed analysis of segments in the market based on:
By Type
· Semi-Metallic
· Non-Asbestos Organic
· Low-Metallic Nao
· Ceramic
By Vehicle
· Two-Wheeler Vehicle
· Passenger Vehicle
· Commercial Vehicle
· Off-Road Vehicle
By Distribution Channel
· Original Equipment Manufacturer
· Aftermarket
By Region
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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Automotive Brake Pads Market Trends
An important component of any automotive braking system is the brake pad. A heavy vehicle traveling at 100 km/h in 5 seconds generates more than 100 kW of heat in an area of only 50 cm2. That heat is dissipated in the brakes. Temperatures can reach 600°C in seconds, much higher in extreme conditions. Recently, with increased focus on HSE (Health, Safety, Environment), automotive brake pad manufacturers are exploring alternatives to traditional materials on such as lead and materials, this enables precise control and fast response times, ensuring safety and efficiency .
On the other hand, the integration of advanced sensors and software in braking technology is an emerging trend and shapes the future of vehicle safety and braking systems To stimulate innovation in system design, development and operation is leadership in software applications. Delphi, Delphi, for example, sends out billions of planning codes every day, demonstrating its heavy reliance on software and its impact in the automotive industry
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Key Industry Developments In Brake Pads Market
· In December 2021, Brembo has launched a new upgrade program around the world. The program includes a unique interface and style designed to give enthusiasts the best choice of braking components for high-performance vehicles. Brembo UPGRADE replaces OE products and takes customers' vehicles to the next level of braking performance. The UPGRADE product line includes the Sport, GT, and Pista product lines. Each has special braking characteristics and price levels.
· In October 2021, Akebono Brake Industry Co., Ltd. declared that its products have been adopted as one of its vehicles by Lynk & Co, a luxury automobile brand of Geely Automobile Group headquartered in China. Akebono Brake supplies 4-piston disc brake calipers and copper-free disc brake pads to the front wheels of the 05+ model, a high-performance SUV. This is the first time that a Lynk & Co brand Akebono product has been used.
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