Automotive Brake Pad Market

Global Industry Analysis and Forecast 2024-2031

Pages : 120

Base Year : 2023

Release Year : May 2024

Format :

Report ID: KR520

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Frequently Asked Questions (FAQ's)

The global automotive brake pad market is projected to reach USD 14.94 billion by 2031, growing at a CAGR of 6.12% from 2024 to 2031.

The global automotive brake pad market was valued at USD 9.35 billion in 2023.

Increasing awareness of vehicle safety standards and stringent regulatory requirements drove the demand for high-quality automotive brake pads.

Top manufacturers of automotive brake pad market are Robert Bosch GmbH, Continental AG, Akebono Brake Industry Co., Ltd., Tenneco Inc., Brembo S.p.A., Nisshinbo Holdings Inc., Delphi Technologies, TBC Corporation, MIBA AG, Aisin Seiki Co., Ltd., and others.

Asia-Pacific is the fastest growing region with the CAGR of 7.93% in the forecasted period (2024-2031) with the market value forecasted to reach at USD 6.90 billion.

By material, semi-metallic segment will hold the maximum share in the automotive brake pad market with the revenue value of USD 5.06 billion in 2031.

Automotive Brake Pad Market

Global Industry Analysis and Forecast 2024-2031

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Frequently Asked Questions (FAQ's)

What is the total CAGR expected to be recorded for the automotive brake pad market during the forecast period?

How big is the automotive brake pad industry in 2023?

What are the major driving factors for the automotive brake pad market?

Who are the top automotive brake pad manufacturers?

Which is the fastest growing region in the automotive brake pad market in the forecasted period?

Which segment will hold the maximum share in the automotive brake pad market in 2031?

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