LAMEA 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 Latin America, Middle East and Africa Automotive Brake Pad Market would witness market growth of 7.5% CAGR during the forecast period (2022-2028).
They emit little to no brake dust, making them "cleaner" than the other options. Because of this characteristic, the brake pad residue is not left behind on the wheels, which eliminates the need for extra abrasive cleaners or degreasers to clean them up. Ceramic brake pads significantly reduce noise levels. They don't totally block out noise; rather, they vibrate at frequencies above the range of human hearing, giving the impression that they are "quieter" than the competition.
The brake pads tend to deteriorate progressively and leave behind brake dust on the tyres as a result of friction between the rotors and the brake pads. The tyre wear caused by this dust may be accelerated and may be difficult to remove from the tyres. Ceramic brake pads don't leave behind much residue, giving the tyres a clean appearance and reducing wear. One of the main advantages of ceramic brake pads over the others is that they do not screech when the brakes are applied, unlike their metallic or semi-metallic counterparts. This is mostly because of how differently they were built, both in terms of design and materials.
The UAE government's emphasis on the growth of the automobile industry reflects its intention to leverage this sector to promote the nation's economic growth. As Dubai enters a new period of growth, it is projected to also emerge as the region's key automotive hub, growing through the export and re-export of vehicles to the Middle East. High society in the United Arab Emirates employs luxury automobiles as status symbols. In the UAE, a greater proportion of the population enjoys a higher level of life than anywhere in the world. In addition, residents' income in Dubai is not subject to income tax. Therefore, during the projection period, the expansion of the automotive industry will contribute to the growth of the regional market.
The Brazil market dominated the LAMEA Automotive Brake Pad Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $92.4 million by 2028.The Argentina market is experiencing a CAGR of 8.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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