글로벌 브레이크 패드 시장 - 산업 동향 및 2031년까지의 예측

브레이크 패드 시장 분석 및 규모

산업 분야에서 자동차 브레이크 패드 시장은 전통적인 차량을 넘어 광범위한 중장비 및 장비로 적용 범위를 확대합니다. 제조, 건설, 광업 및 농업과 같은 산업은 브레이크 패드가 장착된 브레이크 시스템을 사용하여 기계의 안전하고 효율적인 작동을 보장합니다. 이러한 브레이크 패드는 크레인, 엘리베이터 , 지게차, 농업 기계 및 건설 장비와 같은 중장비의 속도, 정지 및 위치 지정을 제어하는 ​​데 중요한 역할을 합니다.

글로벌 브레이크 패드 시장 규모는 2023년에 30억 7천만 달러로 평가되었으며, 2031년까지 59억 3천만 달러에 도달할 것으로 예상되며, 2024년에서 2031년까지의 예측 기간 동안 CAGR은 8.60%입니다. Data Bridge Market Research 팀이 큐레이팅한 시장 보고서에는 시장 가치, 성장률, 시장 세그먼트, 지리적 범위, 시장 참여자, 시장 시나리오와 같은 시장 통찰력 외에도 심층적인 전문가 분석, 수입/수출 분석, 가격 분석, 생산 소비 분석, 페슬 분석이 포함되어 있습니다.

보고 범위 및 시장 세분화

Market Definition

Brake pads are crucial components of the braking system in vehicles, responsible for generating friction to slow down or stop the vehicle. They are typically made of friction materials, such as ceramics, semi-metallic compounds, or organic materials, which press against the brake rotor or disc when the brakes are applied. This friction converts kinetic energy into heat, ultimately reducing the speed of the vehicle. Brake pads undergo significant wear and tear during operation and require periodic replacement to maintain optimal braking performance and ensure safety on the road.

Brake Pad Market Dynamics

Drivers

• High Standards of Reliability due to Rise in Stringent Safety Regulations

Stringent safety regulations, often imposed by governmental bodies and industry standards organizations, compel manufacturers to produce brake pads that meet stringent safety criteria to ensure the safety of vehicles and passengers. As safety concerns continue to be paramount in the automotive industry, the demand for brake pads that meet or exceed these regulations remains consistently high, propelling market growth.

In July 2023, the NHTSA launhced a proposal for a new Federal Motor Vehicle Safety Standard mandating automatic emergency braking (AEB) systems, including pedestrian AEB, on light vehicles. The NHTSA estimates that implementing this rule would potentially save a minimum of 360 lives annually and reduce injuries by at least 24,000 per year.

• Increase in Demand for Lightweight Materials Leads to the Adoption of Brake Pads

As vehicle manufacturers strive for improved fuel efficiency and reduced emissions, lightweight materials become increasingly desirable for brake pad production. Lighter brake pads contribute to overall vehicle weight reduction, enhancing fuel economy and lowering carbon emissions. Lightweight brake pads often offer better performance characteristics such as improved braking efficiency, reduced wear on brake components, and enhanced handling. This trend is particularly significant in the context of electric vehicles (EVs) and hybrid vehicles, where every ounce of weight reduction contributes to extended range and improved energy efficiency.

Opportunities

• Growing Technological Advancements Improves the Consistency of Brake Pad Production

Innovations such as advanced friction materials, composite materials, and intelligent brake pad sensors enable manufacturers to develop brake pads that offer superior stopping power, reduced wear, and optimized performance across diverse driving conditions. Advancements in manufacturing processes, such as computer-aided design and precision engineering, improve the consistency and reliability of brake pad production. Furthermore, the integration of technologies such as regenerative braking and brake-by-wire systems in modern vehicles necessitates the development of specialized brake pads capable of efficiently handling these advanced braking systems.

In August 2023, Totachi Industrial Co. Ltd., headquartered in Japan, diversified its offerings by venturing into brake pad manufacturing. Their new product line focuses on crafting brake pads tailored for various passenger car brands, emphasizing their commitment to providing high-quality original equipment manufacturer (OEM) solutions. This expansion strengthens Totachi's position in the automotive industry, catering to the demand for reliable brake components.

• High Production and Sales of Vehicles Increases the Demand of Brake pads

As vehicle manufacturing ramps up to meet global demand, the need for reliable braking systems becomes paramount. This increased production translates to a greater demand for brake pads to equip new vehicles as well as to replace worn-out components in existing ones. Moreover, as vehicle sales surge, particularly in emerging economies where urbanization and rising disposable incomes fuel car ownership, the demand for brake pads experiences a corresponding uptick. This dynamic creates a continuous cycle of demand for brake pads, propelling the automotive brake pad market forward as a key component of vehicle safety and performance.

Restraints/Challenges

• Rising Competition from Alternative Technologies Hampers the Adoption of Brake Pads

As technologies such as regenerative braking and brake-by-wire systems gain traction, they offer compelling advantages such as improved energy efficiency and reduced wear on brake components. This shift in consumer preferences, particularly evident in electric and hybrid vehicles, threatens to diminish the demand for traditional brake pads. Moreover, advancements in autonomous driving technology further fuel this trend, as self-driving vehicles may rely less on conventional braking mechanisms. Consequently, brake pad manufacturers face the challenge of adapting their offerings and innovating to remain competitive amidst this evolving landscape of alternative braking solutions.

• High Price Volatility of Raw materials Impacts the Manufacturers Profitability

Raw materials such as steel, copper, and friction materials such as ceramics and semi-metallic compounds comprise a substantial portion of brake pad production costs. Fluctuations in the prices of these materials can impact manufacturers' profitability and pricing strategies, leading to uncertainty in the market. Economic factors, geopolitical events, and supply chain disruptions can all contribute to price instability, making it challenging for manufacturers to maintain competitive pricing and profit margins.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In October 2023, Brembo and SGL Carbon collaborates to launch the two cutting-edge production facilities spanning 8,500 square meters for Brembo SGL Carbon Ceramic Brakes (BSCCB). Scheduled for completion by October 2024, production is set to commence in January 2025, creating about 80 new job opportunities and bolstering the automotive industry
• In September 2023, Brembo S.p.A announced a strategic initiative to meet the rising demand for carbon ceramic brake discs in passenger cars and commercial vehicles. Their joint venture, Brembo SGL Carbon Ceramic Brakes (BSCCB), committed a EUR 150 million investment by 2027, facilitating a remarkable 70% expansion in production capacities across facilities in Meitingen, Germany, and Stezzano, Italy
• In May 2023, Robert Bosch GmbH launched Elite brake pads tailored for the TVS Apache, featuring stripe-coating infused with proprietary ABRACOAT technology. This innovation aims to enhance braking performance and durability for TVS Apache motorcycles, addressing specific needs of enthusiasts and improving safety on the road

Brake Pad Market Scope

The market is segmented on the basis of vehicle, material, position and sales channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

Vehicle

• PCV
• LCV
• HCV
• Two-Wheelers

Material

• Semi-Metallic
•  Non-Asbestos Organic (NAO)
• Low-Metallic NAO
• Ceramic

Position

• Front
• Front and Rear

Sales Channel

• OEM
• Aftermarket

Brake Pad Market Regional Analysis/Insights

The market is analyzed and market size, volume information is provided by country, vehicle, material, position and sales channel as referenced above.       

The countries covered in the market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

The Asia-Pacific dominates the market due to a substantial increase in vehicle sales, driven by a growing population and rising urbanization, the establishment of new brake pad production companies has contributed to the market's expansion, meeting the escalating demand. The region's growing fleet size, particularly in emerging economies, necessitates continuous brake pad replacement and maintenance, further fueling market growth. Additionally, the surge in manufacturing of passenger cars in Asia-Pacific, coupled with the rising disposable income of its populace, has boosted the demand for high-quality brake pads, consolidating the region's leading position in the market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Brake Pad Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to market.

Some of the major players operating in the market are:

• Wilwood Engineering, Inc. (U.S.)
• Brembo S.p.A. (Italy)
• EBC Brakes (U.K.)
• ICER BRAKES S.A. (Spain)
• Nisshinbo (Japan)
• Hawk Performance (U.S.)
• Hunan BoYun Automobile Brake Materials Co., Ltd. (China)
• Sangsin Brake Co., Ltd. (South Korea)
• KFE Brake Systems (U.S.)
• Brakewel Automotive Components India Private Limited (India)
• TMD FRICTION HOLDINGS GMBH (Germany)
• GUD Holdings (Pty) Ltd. (호주)
• Sundaram Brake Linings Ltd(인도)
• 센트릭파츠(미국)
• 포드 자동차 회사(미국)
• 연합국 일본(인도)
• 테네코 주식회사(미국)
• ZF 프리드리히스하펜 AG(독일)
• MAT 홀딩 주식회사(미국)
• Rane Holdings Limited(인도)
• Akebono 브레이크 주식회사(일본)

SKU-61297