Global Bike Brake Pads Market Size By Type (Non-Threaded Post, Threaded Post), By Application (Mountain Bike, Road Bike), By Geographic Scope And Forecast

Bike Brake Pads Market Size And Forecast

Bike Brake Pads Market size was valued at USD 450.43 Million in 2022 and is projected to reach USD 1,286.57 Million by 2030, growing at a CAGR of 9.75% from 2023 to 2030.

Major factors such as the development of new brake pad material compounds offering high friction and imparting fade resistance to performance vehicles, increasing vehicle sales coupled with the availability of lightweight and advanced friction materials, updated vehicle safety regulations, and the increasing presence of automotive players are expected to fuel the growth of the market during the forecast period. The Global Bike Brake Pads Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Bike Brake Pads Market Definition

Brake pads are the friction surfaces that contact the brake discs in disc brake systems. They are made of various friction materials bonded (they used to also be riveted) to a steel backing plate. Most of the older brake linings were made from asbestos, but as the health hazards of the material were recognized, asbestos was phased out and newer, high-tech materials were introduced to replace it.

Today, brake pad linings (friction material) are made from a variety of high-tech materials. Superior brake efficiency coupled with increasing disk brake adoption in automobiles will support the industry expansion. The brake system efficiently controls vehicle speed and generates low heat compared to drum brakes. The low heat generation ability increases system service life and boosts product penetration.

Global Bike Brake Pads Market Overview

The global market for bike brake pads is being driven by these innovations, which speed up brake pad wear. Due to their durable feature that helps to maintain a high thermal resistance while adhering to environmental norms, ceramic brake pads are heavily used in hybrid and electric automobiles. In terms of revenue generation for the worldwide Bike Brake Pads Market over the predicted period, ceramic material type is expected to lead. Compared to organic brake pads, ceramic brake pads need to be replaced less frequently and generate less dust.

It ages more slowly because of the way it is built. Most bike brake pad manufacturers favor it even though it has a higher manufacturing cost because of its noise-reducing qualities. However, due to the substantial initial expenditure required to create such braking technologies, only a few major automobile firms have succeeded in creating new and novel brake pad materials. Semi-metallic brake pads may be more expensive than organic pads. As a result, there is a great need for raw materials that are stable, cheap and have high technical performance. As a result, the growth of the Bike Brake Pads Market is expected to be constrained during the projection period due to the high development cost of brake pads.

The advanced brake pad technology including the smart brake pad technology concept supports friction development designs with real-time data and enhances brake system performance. Furthermore, the technology supports the optimization of safety systems including electronic stability control and anti-lock braking systems. These technological advancements will improve vehicle performance and Bike Brake Pads Market growth.

Global Bike Brake Pads MarketSegmentation Analysis

The Global Bike Brake Pads Market is Segmented on the Basis of Type, Application, And Geography.

Bike Brake Pads Market, By Type

• Non-Threaded Post
• Threaded Post

Based on Type, the market is segmented into Non-Threaded Post and Threaded Post. The Non-Threaded Post segment dominated the market for Bike Brake Pad in 2021.

Bike Brake Pads Market, By Application

• Mountain Bike
• Road Bike
• Others

Based on Application, the market is segmented into Mountain Bike, Road Bike, and Others. The Road Bike segment dominated the market for Bike Brake pads in 2022.

Bike Brake Pads Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Global Bike Brake Pads Market is classified into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Asia Pacific region has the greatest market share and is expected to grow at the highest CAGR over the forecast period 2021 owing to increasing vehicle sales coupled with increasing disposable income of consumers across emerging economies during the forecast period. China and India are the growth engines of the region contributing to the growing demand for the product during the forecast period. Factors such as the establishment of new industry players in the region and increasing manufacturing of bikes are further expected to fuel the market growth over the forecast period.

Key Players

The “Global Bike Brake Pads Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are MTB, Alligator, Ventura, DiscoBrakes, Cycle Group, Ravx, Avid, Shimano, Campagnolo, Origin8, Dia Compe, Kool Stop, SRAM, Jagwire, Swiss top, Promax, among others.

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 its 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 globally.

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.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Bike Brake Pads Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

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. Porter’s five forces model can be used to assess the competitive landscape in Global Bike 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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