Global Brake Pad Market Segmented By Material Type (Semi-Metallic, Non-Asbestos Organic, Low-Metallic, Ceramic), By Vehicle Type (Passenger Cars, Commercial Vehicle), By Sales Channel (OEM, Aftermarket), By Position Type (Front, Rear) By Region, By Competition Forecast & Opportunities, 2018-2028F
Published Date: April - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 6.5 billion |
| CAGR (2023-2028) | 7.2% |
| Fastest Growing Segment | Commercial Vehicle |
| Largest Market | Asia-Pacific |
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Market Overview
Global Brake Pad Market worth USD 6.5 billion in 2022 and expected to forecast high growth in the forecast period with a CAGR of 7.2% from 2022 to 2028.
Brake pads are parts of a vehicle's braking system which offer the friction necessary to slow down the vehicle. They are a critical part of car disc brakes. When brakes are applied, these brake pads compress the rotating disc to bring the motion of the vehicle to an end and slow it down. Brake pads are contained in the brake calliper, which squeezes them against the rotors and contributes to the transference of the vehicle's kinetic energy to heat energy.With an increase in people's and government's awareness regarding car safety, different ABS (anti-lock braking system) and autonomous braking systems are now found as standard accessories in most new cars. Such developments drive the global market of automotive brake pads ahead.
Key Market Drivers
Growing demand for sustainable and eco-friendly brake pads
The braking system is vital to the safety of the vehicle. For effective functioning of the braking system, it is essential to keep in mind the quality and durability of the brake pads. Asbestos is a raw material that has been used quite commonly as an additive while manufacturing brake pads. Other plant-based alternatives used to produce brake pads include coconut fibre, wood or wheat flour, bamboo fibre, and shell powder. Natural fibres are being used to produce environmentally friendly brake pads due to the numerous advantages they have over synthetic fibres, including low density, availability, low cost, recyclable, biodegradable, renewable, and sufficiently high stiffness and strength. In addition, the growing demand for the use of organic materials to replace carcinogenic compounds in the production of green brake pads is expected to drive the automotive brake pad market forward. For instance, in 2021, In the United States, friction material products with 5% or higher copper content will be banned from sale and use starting in 2021, and environmental regulations will be enforced starting in 2025, banning copper content of 0.5% or higher. Consequently, Nisshinbo Brake Development has developed low-copper/copper-free friction materials to offer environmentally friendly brake pads that are highly valued by vehicle manufacturers. Natural fibre reinforced composite brake pads are gaining popularity because they are renewable, use less energy, and are biodegradable.
Increased stringency of laws and regulations
Governments around the globe are more concerned with the standard, which is expected to lead to greater driver and passenger safety. Due to this, regulatory bodies have implemented stringent requirements with the intent of enhancing active safety in vehicles. For instance, the Insurance Institute for Highway Safety (U.S.) and National Highway Traffic Safety Administration, in collaboration with 20 leading automobile makers, have announced that automatic emergency braking (AEB) systems will be mandatory on all new vehicles starting September 2022. Between September 1, 2018, and August 31, 2019, 12 manufacturers equipped over 75% of their new passenger vehicles with automated emergency braking systems, which require the application of brake pads to enhance braking systems.
Key Market Challenges
Regulatory Compliance and Environmental Concerns
The automotive industry is witnessing stricter emissions and safety regulations worldwide. Brake pad materials, particularly those containing hazardous elements like asbestos and heavy metals, face scrutiny due to environmental and health hazards. Manufacturers are compelled to develop eco-friendly and low-emission brake pad formulations that meet regulatory requirements while maintaining performance standards.
Material Innovation and Performance Balance
As vehicles become more sophisticated, there's a constant need to strike a balance between braking performance and reducing noise, vibration, and harshness (NVH). Innovating brake pad materials that deliver optimal braking power while minimizing noise and vibration is a challenge. Manufacturers must also consider factors like thermal stability and longevity under varying conditions.
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Technological Advancements and Integration
The automotive industry is rapidly adopting advanced driver-assistance systems (ADAS) and autonomous technologies. Brake systems are now integrated with these technologies, requiring brake pads to meet new demands such as regenerative braking and adaptive braking. Manufacturers must keep pace with these technological advancements while ensuring safety and compatibility.
Global Economic Volatility
The brake pad market is significantly influenced by macroeconomic trends, including fluctuating oil prices, exchange rates, and consumer spending patterns. Economic uncertainty impacts vehicle sales and aftermarket demand for brake pads. Manufacturers need agile strategies to navigate such volatility and maintain a steady market presence.
Intense Competition and Pricing Pressures
The brake pad market is highly competitive, with numerous global and local players vying for market share. This competition often leads to pricing pressures, forcing manufacturers to strike a delicate balance between maintaining profitability and offering competitive prices.
Counterfeit Products and Quality Assurance
The prevalence of counterfeit brake pads poses a serious threat to market players. These low-quality products compromise safety and performance, eroding consumer trust. Ensuring genuine and high-quality products through effective quality control and authentication measures is imperative.
Complex Supply Chain Management
The brake pad market's global nature involves complex supply chains, often spanning multiple countries and suppliers. Ensuring a reliable supply of raw materials, components, and finished products while managing logistical challenges can be a significant hurdle.
Changing Consumer Preferences and E-Commerce
Consumers' preferences are shifting towards online platforms for purchasing automotive parts, including brake pads. Traditional distribution networks are adapting to this trend, and manufacturers must develop efficient e-commerce strategies to remain accessible and competitive in the digital landscape.
Vehicle Electrification and Weight Considerations
Key Market Trends
Advancements in Friction Material Technology
The evolution of friction material technology has been a key trend in the brake pad market. Manufacturers are continuously working on developing new and improved friction materials that offer enhanced performance, durability, and reduced noise levels. Advanced materials like ceramic, semi-metallic, and organic compounds are being used to create brake pads with better heat dissipation, fade resistance, and improved braking efficiency. These advancements cater to consumer demands for safer and more reliable braking systems.
Electric and Autonomous Vehicles Influence
The rise of electric vehicles (EVs) and autonomous vehicles (AVs) has been instrumental in shaping the brake pad market. EVs, with their regenerative braking systems, put less traditional wear on brake pads. This has led to a shift in manufacturing towards specialized brake pads that cater to the specific requirements of EVs, such as reduced dust generation and longer lifespan. Additionally, the development of AVs is driving the need for brake pads that can seamlessly integrate with advanced driver-assistance systems (ADAS) and offer improved control and safety in automated driving scenarios.
Environmental Considerations
Environmental concerns have prompted a trend towards more sustainable and eco-friendly brake pad solutions. Traditional brake pads can release harmful particulate matter and heavy metals during braking, contributing to air and water pollution. As a response, there is a growing demand for low-copper and copper-free brake pad formulations to reduce environmental impact. Regulatory bodies are also enforcing stricter limits on the amount of copper allowed in brake pads, pushing manufacturers to innovate and develop copper alternatives.
E-commerce and Direct-to-Consumer Sales
The digital revolution has affected the distribution and sales channels in the brake pad market. E-commerce platforms have enabled consumers to research and purchase brake pads online, leading to a shift away from traditional brick-and-mortar retailers. This trend is driven by the convenience of online shopping, price transparency, and access to a wider range of products. As a result, manufacturers and retailers are adapting their strategies to cater to the growing trend of direct-to-consumer sales and online marketing.
Stringent Regulations and Standards
Regulatory bodies around the world are imposing stricter safety and environmental standards on automotive components, including brake pads. These regulations focus on improving vehicle safety, reducing brake dust emissions, and minimizing noise pollution. For instance, the European Union's ECE R90 standard establishes requirements for brake pad performance and safety. Compliance with such standards is pushing manufacturers to invest in research and development to create brake pads that meet or exceed these stringent requirements.
Segmental Insights
Material Type Analysis
Based on the segmentation of the brake pad market, brake pads are made up of metallic, ceramic, and organic materials. Ceramics captured a large share in the market in 2022 due to their improved stability and capacity to function in temperature variations. Ceramic brake pads are widely used in high-performance cars due to the fact that they are quieter and generate less dust. Ceramic brake pads are extensively utilized in hybrid and electric vehicles because they are very durable and can have great heat resistance while still complying with environmental standards. Throughout the projected period, the type of ceramic material is anticipated to dominate the global electric vehicle market in revenue generation. Ceramic brake pads are more durable and release less dust compared to organic brake pads.
Vehicle Type Analysis
The passenger cars sector accounted for a significant market share in 2022, thanks to the debut of multiple passenger vehicle models and the introduction of different offers to stimulate sales. Demand for fuel-efficient automobiles is also driving category growth. Commercial vehicle demand is expected to rise dramatically in the near future as the e-commerce, logistics, and industrial sectors expand. Heavy-duty vehicles are typically used to deliver bulky items and supplies. As a result, reliable and effective braking systems are essential in such vehicles.
Regional Insights
The Asia-Pacific area is expected to develop significantly throughout the projected period, owing to increased car production and sales in this region. Furthermore, the existence of key nations with significant manufacturing facilities and strong supplier networks, such as India, China, and others, is projected to increase market demand. The availability of low-cost labour and raw materials helps Asian Pacific manufacturers to lower vehicle costs. Key global car corporations are concentrating on expanding their footprint in Asia by relocating their corporate headquarters or manufacturing operations to countries such as China and India, which are automotive hubs of the area. For example, in April 2022, China manufactured around 210,000 commercial vehicles and 996,000 passenger automobiles. During that month, the industry produced 1.2 million automobiles, a 46.2 percent reduction from the previous month and a 46.1 percent decrease year over year. China contributed for around 32.5 percent of worldwide vehicle manufacturing. China's yearly passenger automobile output topped that of Japan, Germany, India, and South Korea combined. In 2022, China was also the world's largest vehicle sales market. Manufacturing firms in this region are concentrating on creating advanced brake pads, which will assist lower the size of the brake pads and enhance heat dissipation capacity. Furthermore, the aftermarket section of the market is expected to show growth across the board.
The North American brake pad market is experiencing growth due to several key factors that are shaping the region's automotive industry. The increasing demand for vehicles, including passenger cars, trucks, and SUVs, has contributed to the growth of the brake pad market. North America has a significant automotive culture with a large population of vehicle owners and a strong emphasis on personal mobility. As the number of vehicles on the road continues to rise, the need for brake maintenance and replacement, including brake pads, grows in tandem. Technological advancements are playing a crucial role in the growth of the market. The adoption of advanced driver assistance systems (ADAS) and safety features in vehicles is driving the demand for high-performance brake pads that can integrate seamlessly with these systems. Additionally, the rise of electric vehicles (EVs) and hybrid vehicles has led to the development of specialized brake pads that cater to the unique braking characteristics of these vehicles, further fuelling market growth.
Recent Developments
- Brembodebuted their new Aftermarket range of brake pads for heavy-duty cars in April2022. In addition, the business has completed its replacement discs offeringwith new Co-Cast and Splined options designed specifically for these vehicles.
- FirstBrands Group enhanced its Raybestos brake component line in February 2021 byadding over 200 product numbers, including greater coverage for luxury carapplications in areas such as brake callipers and brackets, brake pad sets andbrake rotors.
- FERODOannounced revolutionary vehicle brake pads in April 2022 to bridge the gapbetween exceptional braking performance and high-end comfort. The new FERODOFuse+ Technology brake pads feature a highly advanced new friction materialthat combines the trusted, high-performance braking power of low-steelformulations with the comfort-intensive characteristics of non-asbestos organic(NAO) materials. They are engineered and manufactured exclusively in thebrand's class-leading sites in Europe.
- BrakesIndia released TVS Apache Elite high-performance brake pads in February 2022 toprovide improved braking at high speeds and in steep terrain. According to arelease, the brake pads are also stripe coated with the company's patentedAbracoat technology, a unique abrasive coating that enables superior initialfriction performance.
- KonfiBrakes and Automotive Products Pvt. Ltd., a new brand formed in the Indianautomotive sector, was launched in Pune in January 2022. Premium frictionmaterial developed to give cutting-edge high-temperature stability,low-metallic content for longer disc life, and specialised tailored fibres toenable efficient, silent braking at high speeds and longer rotor and pad lifeare all features of Konfi brake pads.
Key Market Players
- Brembo S.p.A.
- Nisshinbo Brake Inc
- Continental AG
- Robert Bosch GmBH
- Tenneco Inc
- Akebono Brake Company
- ACDelco Corporation
- ZF Friedrichshafen AG
- Brakewel Automotive Components IndiaPvt. Ltd
- SANGSIN BRAKE Company
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