Disc Brake Pads Market size is estimated to be USD 3.5 Billion in 2024 and is expected to reach USD 5.2 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
The global disc brake pads market was valued at USD 10.5 billion in 2022 and is projected to grow at a CAGR of 4.5% from 2023 to 2030. This growth is driven by increasing automotive production, rising vehicle safety standards, and growing consumer demand for durable and high performance brake systems. The market is expected to reach a value of USD 16.8 billion by the end of 2030. Additionally, factors such as advancements in friction material technologies and the rise of electric vehicles are further enhancing market growth. The automotive industry holds a significant share of the market, with continuous demand for replacement brake pads to maintain vehicle safety and performance.
Regionally, the Asia Pacific region dominates the disc brake pads market, contributing more than 40% of the total market share in 2022. This dominance is attributed to the high automotive production and sales in countries like China, India, and Japan. North America and Europe are also prominent markets, with a combined share of approximately 35% in 2022. These regions are expected to experience steady growth due to the increasing adoption of electric vehicles and stricter regulations on vehicle safety. Latin America and the Middle East & Africa are anticipated to witness moderate growth during the forecast period, driven by an increase in vehicle sales and infrastructure development in emerging markets.
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Bosch
ACDelco
PowerStop
Wagner
Federal Mogul
TRW
Nisshinbo
Akebono
MAT Holdings
Delphi Automotive
ITT
Sangsin Brake
Sumitomo
Hitachi Chemical
ATE
BREMBO
ADVICS
Brake Parts Inc
ICER
Fras-le
EBC Brakes
ABS Friction
Shandong Gold Phoenix
Shangdong xinyi
SAL-FER
Hunan BoYun
Double Link
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Disc Brake Pads Market
Organic Brake Pads
Semi-Metallic Brake Pads
Ceramic Brake Pads
Other Specialty Materials
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
OEM (Original Equipment Manufacturer)
Aftermarket
Online Retail
Physical Retail Outlets
Light-Duty Applications
Heavy-Duty Applications
Performance-Oriented Applications
Eco-Friendly Applications
Individual Consumers
Fleet Operators
Automotive Repair Shops
Automotive Manufacturers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Disc Brake Pads Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Disc Brake Pads Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Disc Brake Pads Market, By Type
6. Global Disc Brake Pads Market, By Application
7. Global Disc Brake Pads Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Disc Brake Pads Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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