Malaysia Brake Pads Market Size By Product (Non-asbestos Organic Brake Pads, Low Metallic NAO Brake Pads), By Application (Vehicles OEM Industry, Vehicles Aftermarket Industry), And Forecast

Malaysia Brake Pads Market Size And Forecast

Malaysia Brake Pads Market size was valued at USD 22.88 Million in 2022 and is projected to reach USD 37.94 Million by 2030, growing at a CAGR of 6.69% from 2023 to 2030.

The increase in demand for lightweight and advanced friction materials is one of the prominent factors propelling the growth of the Malaysia Brake Pads Market. The Malaysia Brake Pads Market report provides a holistic market evaluation. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.

Malaysia Brake Pads Market Definition

A brake pad is a thin block that presses onto the disk in a disk brake to make a vehicle go slower or stop. New, more durable brake pad material improves the life of brake linings by 50 percent. When the brake pedal is applied, the brake pads are pushed by hydraulic pressure against the brake disk. These pads are typically made of organic, metallic, and ceramic compounds. The material is designed to deliver friction between the brake pad and the brake pad when the pedal is depressed.

They are essential to the vehicle’s braking system and help reduce stopping distance by creating friction between the disc and the pad. The Brake pads also help prevent brake wear, which can be caused by overheating or excessive heat from braking and rotor corrosion. The contact situation between the cast-iron brake disc and the friction fabric of the disc pads mainly influences the performance of a brake. However, the contact situation is impacted in different ways by the vast diversity in the mechanical properties of the friction material components.

These components can be grouped into at least four categories(i) fibrous reinforcements, (ii) binders, (iii) fillers, and (iv) friction modifiers. Fillers are added to decrease cost or to impart desired performance. Fillers are utilized to lubricate the interface between the friction material and the brake disc or to improve the friction level (using an abrasive). The assortment of the chemical and mechanical properties of the ingredients is altered further, to some extent, by the manufacturing parameters.

Malaysia Brake Pads Market Overview

The growth in the market for lightweight and advanced friction materials is one of the main aspects pushing the development of the Malaysia Brake Pads Market. The rise in need for advanced materials such as non-asbestos organic composites and ceramics for improving brake pad efficiency over a broad range of temperatures as friction between wheels and brake pads increases temperature affecting the brake system functioning, accelerating the Malaysia Brake Pads Market growth. The execution of stringent government regulations about temperature limitation and increased use of the pads owing to their various features, including low noise characteristics and stable coefficient of friction, further influence the Malaysia Brake Pads Market.

Additionally, high production and sales of vehicles, integration of advanced technologies, and rising demand for eco-friendly cars positively affect the Malaysia Brake Pads Market. Furthermore, developing advanced manufacturing technologies extends profitable opportunities to the Malaysia Brake Pads Market players in the forecast period of 2021 to 2028. To gain a competitive advantage in the Malaysia Brake Pads Market, manufacturers are engineering and testing brake pad materials to serve the driver’s needs. Companies are expanding their output capacities in premium and heavy-duty grade brake pads to cater to niche requirements of OEMs manufacturing off-road vehicles such as tractors and mining vehicles.

Friction materials and formulas are evolving deciding factors for innovations in brake pads. Besides, companies in the Malaysia Brake Pads Market are becoming aware of vehicle emissions caused due to wearing out disc brakes. Thus, manufacturers are enhancing their R&D to eradicate copper from brake pads to lower vehicle emissions. Besides, manufacturers are considering matched sets of rotors and brake pads to deliver durable and consistent vehicle performance. These factors are boosting the overall market. However, high complexities in designing advanced brake pad components are expected to hinder the market.

Malaysia Brake Pads MarketSegmentation Analysis

The Malaysia Brake Pads Market is segmented on the basis of Product And Application.

Malaysia Brake Pads Market, By Product

• Non-asbestos Organic Brake Pads
• Low Metallic NAO Brake Pads
• Semi Metallic Brake Pads
• Ceramic Brake Pads

Based on Product, the market is segmented into Non-asbestos Organic Brake Pads, Low Metallic NAO Brake Pads, Semi Metallic Brake Pads, and Ceramic Brake Pads. Semi-Metallic Brake Pads are expected to grow at the fastest CAGR in the forecasted period. These brake pads are an amalgam of steel, copper, and iron, with mineral or organic fillers that bind everything together. There’s also graphite that delivers lubrication without reducing the braking effect. Manufacturers hold the actual composition secret. “High-performance” and “street performance” brake pads are always semi-metallic.

Malaysia Brake Pads Market, By Application

• Vehicles OEM Industry
• Vehicles Aftermarket Industry

Based on Application, the market is segmented into Vehicles OEM Industry and Vehicles Aftermarket Industry. The vehicle OEM Industry is expected to grow at the fastest CAGR in the forecasted period. In the coming years, the market is expected to grow due to rapid technological advancements with increased demand for automobiles. This, in turn, is anticipated to encourage the market. On the other hand, the automotive aftermarket is the secondary market of the automotive industry, involved with the manufacturing, distribution, remanufacturing, retailing, and installation of all vehicle parts, equipment, chemicals, and accessories, after the sale of the vehicle by the OEM (original equipment manufacturer) to the customer. The Vehicles Aftermarket Industry segment is also expected to hold a significant share in the projection period.

Key Players

The “Malaysia Brake Pads Market” study report will provide valuable insight with an emphasis on the Malaysia market including some of the major players such as Federal Mogul, BOSCH, Nisshinbo Group company, MAT Holdings, ITT Corporation, ATE, Honeywell, Acdelco, Akebono, Delphi Automotive, BREMBO, Sangsin Brake, SAL-FER, ADVICS, FBK CORPORATION, and ICER.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In July 2021, Bosch Announces New High-Performance Brake Pad Portfolio. The Bosch Police Pursuit brake pads are manufactured to meet the demanding needs of law enforcement while assuring safety, reliability, and superior operation. All parts in this line are created to cover the fastest moving and highest Vehicles in Operation (VIO) applications.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Malaysia Brake Pads Market gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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