Brake pads are an integral part of the disc braking system. When the brake pedal is pressed, the brake pads press against the running disc in order to stop its motion and brake the vehicle. The brake pads are essentially made of a material that possesses high co-efficient of friction. Increase in demand for efficient braking during high speeds has led to the expansion of brake pad market.
Many consumers are inclined towards the aftermarket replacements of components due to characteristic features and low cost availability. Dual Dynamometer Differential Effectiveness Analysis (D3EA) and Brake Effectiveness Evaluation Procedure (BEEP) are the standards developed in order to ensure the quality of IAM replacements are expected to present potential growth opportunity for automotive brake pads market over the forecast timeframe.
In 2018, the global Brake Pad Set market size was million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of % during 2019-2025.This report focuses on the Brake Pad Set status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Brake Pad Set development in various regions.
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The key players covered in this study
· Honeywell International
· Nisshinbo Industries
· Akebono Brake Corporation
· ZF TRW
· TMD Friction Holdings
· Federal-Mogul Corporation
· AC Delco
· EBC Brakes
· Robert Bosch
· Delphi Automotive
· Japan Brake
Market segment by Type, the product can be split into
· Semi metallic
· Non-asbestos organic
· Low metallic non-asbestos organic
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Market segment by Application, split into
· Passenger cars
· Commercial cars
Market segment by Regions/Countries, this report covers
· Blood Volumizer
· Drug Formulation and Vaccines
· Life Sciences
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Category: Sales & Marketing