Asia Pacific Automotive Brake Pad Market Size, Share & Industry Trends Analysis Report By Material (Non-Asbestos Organic, Semi Metallic, Low Metallic NAO and Ceramic), By Position, By Sales Channel, By Vehicle Type, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Automotive Brake Pad Market would witness market growth of 5.7% CAGR during the forecast period (2022-2028).
Semi-metallic brake pads, which are perhaps the most often used, contain between 30% and 65% metal. Steel wool, wire, copper, and other materials could be added. Once chosen, the organic resin is used to join these components. They are then molded into predetermined forms and heated in a furnace, increasing their durability. One of their numerous advantages is their robustness.
Semi-Metallic pads are significantly less harsh on rotors and more heat resistant than their ceramic counterparts. In fact, high-performance race cars may benefit most from semi-metallic brake pads. This is the best choice if the car can go from 0 to 60 mph in a matter of seconds. There are drawbacks to all types of pads, in this case, a negative reactivity to extremely low temperatures.
For a variety of factors, such as noise, stopping distance, robustness, etc., ceramic brakes have consistently outperformed the original equipment benchmarks. They have a far longer brake life than metallic and organic pads due to their superior durability, which also adds stability and uniformity to braking movements.
Road safety is a key development issue, public health concern, and top cause of death and injury. According to the World Health Organization, at least one of every ten individuals murdered on roads around the globe is from India. According to the Indian government, a total of 4,12,432 road accidents were registered in the country in 2021, resulting in 1,53,972 fatalities and 3,84,448 injuries. Approximately 67 percent of all unintentional deaths occur between the ages of 18 and 45, making this age range the most vulnerable. As a result, the market for automotive brake pads is expected to increase in the APAC region.
The China market dominated the Asia Pacific Automotive Brake Pad Market by Country in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $563.5 million by 2028.The Japan market is estimated to grow a CAGR of 5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.3% during (2022 - 2028).
Based on Material, the market is segmented into Non-Asbestos Organic, Semi Metallic, Low Metallic NAO and Ceramic. Based on Position, the market is segmented into Front & Rear and Front. Based on Sales Channel, the market is segmented into Aftermarket and OEM. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, Two Wheelers and Heavy Commercial Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Automotive Brake Pad Market is Projected to reach USD 5.1 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Brembo S.p.A., BorgWarner, Inc., ITT, Inc., Tenneco, Inc. (Apollo Funds), Akebono Brake Industry Co., Ltd., ADVICS Co., Ltd. (Aisin Corporation), and Brake Parts, Inc. (First Brands Group).
Scope of the Study
Market Segments Covered in the Report:
- Non-Asbestos Organic
- Semi Metallic
- Low Metallic NAO
- Front & Rear
By Sales Channel
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Two Wheelers
- Heavy Commercial Vehicles
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Brembo S.p.A.
- BorgWarner, Inc.
- ITT, Inc.
- Tenneco, Inc. (Apollo Funds)
- Akebono Brake Industry Co., Ltd.
- ADVICS Co., Ltd. (Aisin Corporation)
- Brake Parts, Inc. (First Brands Group)
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