The North America Automotive Brake Pad Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
The inspection and replacement of disc brake pads are simpler than that of other friction linings. Additionally, these work well to lessen the driver's pedal effort. The material used to make brake pads has properties such as quick recovery, friction coefficient, resistance to wear, and others. There are four different kinds of brake pads: semi-metallic, low metallic non-asbestos organic (NAO), and ceramic.
Since there is no standard brake pad size, the size and shape requirements will vary depending on the car. A vehicle's braking performance is enhanced with brake pads, which also make stopping easier. The substance used in brake pads is the only factor that affects how effective they are. Brake pads have a high coefficient of friction and cause less wear.
In order to improve friction properties at both high and low temperatures, minimize noise and porosity, and increase stiffness and strength of the brake pads, the friction materials used in brake pads are composed of a combination of lubricant and abrasive elements. Reinforced fibers, binders, additives, and fillers are all different types of the friction material that is used. The market's demand for brake pads has been driven by an increase in consumer demand for improved high-speed braking.
The demand for commercial vehicles in North America is increasing. This is owing to the increasing demand for long-distance operations by fleet management. In addition, municipal governments are enacting a variety of carbon emissions-related laws. As a result, local manufacturers are implementing the same technology in buses as well as commercial vehicles in an effort to reduce carbon emissions, but they will face distinct obstacles. Long-distance hauling vehicles have previously undergone significant duty cycle and fuel efficiency optimization. As the demand for automobiles in the region increases, so does the necessity for equipment that ensures safe driving. Thus, the North American market for automotive brake pads would expand.
The US market dominated the North America Automotive Brake Pad Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,002 million by 2028.The Canada market is poised to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Brake Pad Market is Predict to reach $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).
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