Email
Print
Market Overview:
The Brake Pad Market size is estimated to reach $17.1 Billion by 2031, growing at a CAGR of 4.4% during the forecast period 2025-2031, according to a recent report published by IndustryARC, titled, “Brake Pad Market - By Position (Front Brake Pads, Front & Rear Pads), By Material (Ceramic Brake Pads, Semi-Metallic Pads, Low-Metallic NAO Pads, Organic (Non-Asbestos Organic – NAO)), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Sales Channel (Original Equipment Manufacturer (OEM), Aftermarket) By Geography - Opportunity Analysis & Industry Forecast, 2025-2031
The brake pad market is driven by several key factors such as increased vehicle production and sales, a heightened emphasis on vehicle safety and performance, the expansion of electric and hybrid vehicles, longer vehicle lifespans, and continuous technological advancements in brake pad technology.
APAC Dominate the Market in 2024:
APAC dominate the brake pad market with a market share of 38% in 2024. This growth is driven by rising vehicle production and sales, the expansion of electric and hybrid vehicles, increased consumer demand for high-performance brakes, technological advancements in brake pads material and cost advantages in manufacturing. According to Society of Indian Automobile Manufacturers (SIAM), the industry saw a 9.65% increase in production, reaching 28.4 million vehicles in FY 2023-24, up from 25.9 million in FY 2022-23.
Brake Pad Market: Key Takeaways
Increasing lifespan of vehicles
The increasing lifespan of vehicles is a significant trend influencing the brake pads market. As vehicles remain operational for longer periods, the demand for replacement parts, including brake pads increases. According to a January 2025 study in Nature Energy, electric vehicles in the UK exhibit an average lifespan of 18.4 years, nearly identical to the 18.7 years for petrol cars, indicating comparable durability. These developments present both challenges and opportunities for the brake pads market. Manufacturers and service providers should focus on delivering high-quality, durable brake pads and comprehensive maintenance solutions to meet the evolving needs of an aging vehicle population.
For More Queries About "Brake Pad Market " @ https://www.industryarc.com/reports/request-quote?id=800888
Integration with Electric Vehicles (EVs)
The integration of brake pads with electric vehicles (EVs) presents a golden opportunity for the brake pad market. EVs primarily rely on regenerative braking, friction brakes remain crucial for safety, particularly in emergency situations and high-speed driving. This necessitates the development of brake pads specifically designed for EVs. These pads must be durable and long-lasting to withstand infrequent use while maintaining optimal performance. The surging adoption of EVs drives the need for brake pad manufacturers to develop and market specialized products that serve to the unique requirements of this evolving technology.
Scope of the Report:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Recent Developments:
• In December 2024, Momentum USA, Inc., through its subsidiary New World Friction, has expanded its product portfolio with the acquisition of Max Power Friction, a leading Toronto-based manufacturer of medium-duty and heavy-duty brake pads, including air disc brakes. This strategic acquisition strengthens New World Friction's position in the market, providing customers with a comprehensive brake program spanning from Class 1 to Class 8 vehicles.
• In November 2024, Mevotech, a leader in automotive aftermarket steering and suspension parts expanded its product portfolio with the launch of TTX Brakes, a premium line designed for commercial vehicles. Featuring five unique formulations, including the groundbreaking CeraPhite and SuperMet technologies, these brake pads are engineered to deliver exceptional performance and reliability for demanding commercial and fleet applications.
Brake Pad Market: Competitive Landscape
Key companies profiled in the Brake Pad Market are Borgwarner Inc., Continental AG, ZF Friedrichshafen AG, Bosch GmbH, Federal-Mogul Corporation, DENSO Corporation, KBAutosys, Brembo, Akebono Brake Corporation, TMD Friction and others
Related Reports:
Brake System Market - Brake System Market is forecast to reach $34.0 billion by 2026 after growing at a CAGR of 6.1% during 2021-2026. The increase in production and sales volume of the automobiles along with the rise in demand for electric vehicles is analyzed to drive the Brake System Market during the forecast period 2021-2026.
Air Brake System Market - Global Air Brake System Market is estimated to reach $5.2 billion by 2026, after growing at a CAGR of 3.6% during the forecast period 2021-2026. Increasing adoption of air brake or air compressor brake solutions in medium to heavy duty vehicles is one of the major driving factors that is expected to drive the automotive air brake system market.
Automotive Engine Cooling System Market - Automotive Engine Cooling System market is poised to grow at a CAGR of 4.70% during the forecast period 2024-2030, and reach $49,970 by 2030. Increasing vehicle production globally owing to the growing demand is set to boost the Automotive Engine Cooling System Market.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727