Stratview Research has published a new report on the Automotive Brake Pads Market by Company, Regions, Type and Application, Forecast, up to 5 years by Stratview Research offers the most up-to-date market trends as well as an industry growth estimate for 5 years. The report provides a thorough analysis of the market for the forecast period 2021-2025. It reveals a broader picture of the market situation, taking into consideration all major trends, market dynamics, and competitive factors. Moreover, the report contains key statistics concerning the situation of the key players, present, and upcoming market trends, and potential market growth areas. Eventually, these reports are designed to assist readers in retrieving information and making decisions that help to grow their business.
The report also covers analyst opinions and prospects, competitive landscapes, and key regions from both a regional and a global perspective. The report also examines several factors, including driving factors and challenges.
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Analysis of Automotive Brake Pads Market Key Manufacturers:
According to the report, the Automotive Brake Pads Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.
• Brembo S.p.A.
• EBC Brakes
• HAWK Performance
• Hunan Boyun Automobile Brake Material Co., Ltd.
• Icer Brakes S.A.
• KFE Brake Systems
• Nisshinbo Brake Inc.
• Ranbro Brakes India Limited
• Sangsin Brakes America Inc.
• Wilwood Engineering Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Automotive Brake Pads Market value and growth drivers over the trend period of 2021-26. According to the report –
Automotive Brake Pads Market is likely to witness a CAGR of 6.5% during the forecast period. Major factors such as development of new brake pad material compounds offering high friction and imparting fade resistance to performance vehicles, increasing vehicle sales coupled with availability of lightweight and advanced friction materials, updated vehicle safety regulations, and increasing presence of automotive players are expected to fuel the growth of the market during the forecast period.
Based on by Vehicle Type:
Based on the vehicle type, the market is segmented as PCV, LCV, HCV, and two-wheelers. PCV is expected to witness significant growth rate in the market during the forecast period owing to the frequent launch of passenger car vehicle models along with multiple offers provided by vehicle manufacturers. In addition, increasing investments by the premium and luxury car manufacturers to manufacture new products with enhanced features, and growing demand for passenger car sales in developed nations is further expected to drive the automotive brake pads market growth during the forecast period.
Based on Regional:
In terms of regions, Asia-Pacific is estimated to be the leading region in the market 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 establishment of new industry players in the region and increasing manufacturing of passenger cars and fleet size are further expected to fuel the market growth over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.
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Research Methodology & Features –
This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints
- Market trend and forecast analysis
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Key success factors & more.
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