Asia Pacific Automotive Brake Pads Market Forecast to 2028

Report Code : BMIRE00025313 | Region : Asia Pacific | Industry : Automotive and Transportation | Published Date : 12/Jul/2022
Asia Pacific Automotive Brake Pads Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type (Metallic Brake Pad, Semi-Metallic Brake Pad, Ceramic Brake Pad, Asbestos Brake Pad, and Non-Asbestos Organic Brake pad) and Vehicle Type (Commercial Vehicle and Passenger Cars)

The APAC automotive brake pads market is expected to grow from US$ 1,398.10 million in 2021 to US$ 1,875.27 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

The use of automotive brake pads is important to ensure the safety of passengers. Therefore, brake pad materials must be precise and function for long durations. To reduce the weight of the disc rotor, it is necessary to achieve a design with a good balance for achieving an optimum thermal, vibration, and weight balance. Asbestos was the most suitable and widely used brake lining material in the past decade. However, the nature and environment agencies have forcefully banned it. Therefore, the non-asbestos organic type of brake pads was introduced, which is most widely used. However, non-asbestos organic brake pads wear out rapidly and generate lots of wear debris. Thus, a combination of semi-metallic formulation for high performance and non-asbestos organic (NAO) material for lower noise and smoother braking is mostly preferred. There are five basic categories of raw materials used for producing brake pads – abrasives, fillers, lubricants, binders, and reinforcing fibers. The fibers are particularly important because they play a critical role in obtaining consistent braking performance, vibrations & low noise, and limited wear. The continuous efforts to introduce environmentally friendly brake pads have been the primary focus of brake pad manufacturers, further evolving new opportunities for using efficient raw material that is light in weight and environment friendly. Thus, such initiatives are fueling the demand for brake pads across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC automotive brake pads market . The APAC automotive brake pads market is expected to grow at a good CAGR during the forecast period.

APAC Automotive Brake Pads Market Revenue and Forecast to 2028 (US$ Million)

APAC Automotive Brake Pad Market Segmentation

The APAC automotive brake pad market is analyzed based on material type, vehicle type, and country. Based on material type, the market is segmented into metallic brake pads, semi-metallic brake pads, ceramic brake pads, asbestos brake pads, and non-asbestos organic brake pads. The non-asbestos organic brake pads segment dominated the market in 2020, and the semi-metallic brake pads segment is expected to be the fastest-growing segment during the forecast period. Based on vehicle type, the market is segmented into commercial car and passenger car. The passenger vehicles segment dominated the market in 2020 and is expected to grow faster during the forecast period. Based on country, the APAC automotive brake pad market is segmented into China, Japan, India, South Korea, Australia, and the Rest of APAC. ACDelco; AKEBONO BRAKE INDUSTRY CO., LTD.; Brake Parts Inc. LLC.; Brembo S.p.A.; Hebei Huahua Friction Material CO., Ltd.; Nisshinbo Holdings Inc.; Robert Bosch GmbH; SANGSIN BRAKE; Util Industries S.p.A; and ZF Friedrichshafen AG are among the leading companies in the APAC automotive brake pad market.

The List of Companies - Asia Pacific Automotive Brake Pads Market

● ACDelco

● AKEBONO BRAKE INDUSTRY CO., LTD.

● Brake Parts Inc. LLC.

● Brembo S.p.A.- Global

● Hebei Huahua Friction Material CO., Ltd.

● Nisshinbo Holdings Inc.

● Robert Bosch GmbH

● SANGSIN BRAKE

● Util Industries S.p.A

● ZF Friedrichshafen AG

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. APAC Automotive Brake Pads Market – Market Dynamics

5.1 Key Market Drivers

5.1.1 Escalating production and sales of automotive vehicles

5.1.2 Rising Investments by Brake Pads Manufacturers in Expanding Production Capacity

5.2 Market Restraints

5.2.1 High cost of raw materials

5.3 Market Opportunities

5.3.1 Increasing Technological Advancements for Lightweight and Environment Friendly Braking System

5.4 Trends

5.4.1 Accentuating Adoption of Electric Vehicles Propels The Usage of Brake Pads

5.5 Impact Analysis of Drivers and Restraints

6. Automotive Brake Pads Market – APAC Analysis

6.1 Overview

6.2 APAC Automotive Brake Pads Market Revenue and Forecast to 2028 (US$ Mn)

7. APAC Automotive Brake Pad Market Analysis – By Material Type

7.1 Overview

7.2 APAC Automotive Brake Pad Market Breakdown, by Material Type, 2020 & 2028

7.3 Metallic Brake Pad

7.3.1 Overview

7.3.2 Metallic Brake Pad Market Revenue and Forecasts to 2028 (US$ Mn)

7.4 Semi-Metallic Brake Pad

7.4.1 Overview

7.4.2 Semi-Metallic Brake Pad Market Revenue and Forecasts to 2028 (US$ Mn)

7.5 Asbestos Brake Pad

7.5.1 Overview

7.5.2 Asbestos Brake Pad Market Revenue and Forecasts to 2028 (US$ Mn)

7.6 Non-Asbestos Organic Brake Pad

7.6.1 Overview

7.6.2 Non-Asbestos Organic Brake Pad Market Revenue and Forecasts to 2028 (US$ Mn)

8. APAC Automotive Brake Pad Market Analysis – By Vehicle Type

8.1 Overview

8.2 APAC Automotive Brake Pad Market Breakdown, By Vehicle Type, 2020 & 2028

8.3 Commercial Vehicle

8.3.1 Overview

8.3.2 Commercial Vehicle Market Revenue and Forecasts to 2028 (US$ Mn)

8.4 Passenger Cars

8.4.1 Overview

8.4.2 Passenger Cars Market Revenue and Forecasts to 2028 (US$ Mn)

9. APAC Automotive Brake Pad Market – Country Analysis

9.1 Overview

9.1.1 APAC: Automotive Brake Pads Market, by Key Country

9.1.1.1 Australia: Automotive Brake Pads Market – Revenue and Forecast to 2028 (US$ Mn)

9.1.1.1.1 Australia: Automotive Brake Pads Market, by Material Type

9.1.1.1.2 Australia: Automotive Brake Pads Market, by Vehicle Type

9.1.1.2 China: Automotive Brake Pads Market – Revenue and Forecast to 2028 (US$ Mn)

9.1.1.2.1 China: Automotive Brake Pads Market, by Material Type

9.1.1.2.2 China: Automotive Brake Pads Market, by Vehicle Type

9.1.1.3 Japan: Automotive Brake Pads Market – Revenue and Forecast to 2028 (US$ Mn)

9.1.1.3.1 Japan: Automotive Brake Pads Market, by Material Type

9.1.1.3.2 Japan: Automotive Brake Pads Market, by Vehicle Type

9.1.1.4 India: Automotive Brake Pads Market – Revenue and Forecast to 2028 (US$ Mn)

9.1.1.4.1 India: Automotive Brake Pads Market, by Material Type

9.1.1.4.2 India: Automotive Brake Pads Market, by Vehicle Type

9.1.1.5 South Korea: Automotive Brake Pads Market – Revenue and Forecast to 2028 (US$ Mn)

9.1.1.5.1 South Korea: Automotive Brake Pads Market, by Material Type

9.1.1.5.2 South Korea: Automotive Brake Pads Market, by Vehicle Type

9.1.1.6 Rest of APAC: Automotive Brake Pads Market – Revenue and Forecast to 2028 (US$ Mn)

9.1.1.6.1 Rest of APAC: Automotive Brake Pads Market, by Material Type

9.1.1.6.2 Rest of APAC: Automotive Brake Pads Market, by Vehicle Type

10. Industry Landscape

10.1 Overview

10.2 Agreements, Collaborations and Joint Ventures

10.3 New Product Launches

10.4 Expansion and Other Strategic Developments

11. Company Profiles

11.1 ACDelco

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 AKEBONO BRAKE CORPORATION

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Brake Parts Inc. LLC.

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Brembo S.p.A.

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Hebei Huahua Friction Material CO., Ltd.

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Nisshinbo Holdings Inc.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Robert Bosch GmbH

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 SANGSIN BRAKE

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 ZF Friedrichshafen AG (TRW Automotive)

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Util Industries S.p.A.

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1.             APAC Automotive Brake Pads Market Revenue and Forecast to 2028 (US$ Mn)

Table 2.             Asia Pacific: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Country (US$ Mn)

Table 3.             Australia: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Material Type (US$ Mn)

Table 4.             Australia: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Mn)

Table 5.             China: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Material Type (US$ Mn)

Table 6.             China: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Mn)

Table 7.             Japan: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Material Type (US$ Mn)

Table 8.             Japan: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Mn)

Table 9.             India: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Material Type (US$ Mn)

Table 10.          India: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Mn)

Table 11.          South Korea: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Material Type (US$ Mn)

Table 12.          South Korea: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Mn)

Table 13.          Rest of Asia Pacific: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Material Type (US$ Mn)

Table 14.          Rest of Asia Pacific: Automotive Brake Pads Market, Revenue and Forecast to 2028 - By Vehicle Type (US$ Mn)

Table 15.          Glossary of Terms

The List of Companies - Asia Pacific Automotive Brake Pads Market

● ACDelco

● AKEBONO BRAKE INDUSTRY CO., LTD.

● Brake Parts Inc. LLC.

● Brembo S.p.A.- Global

● Hebei Huahua Friction Material CO., Ltd.

● Nisshinbo Holdings Inc.

● Robert Bosch GmbH

● SANGSIN BRAKE

● Util Industries S.p.A

● ZF Friedrichshafen AG

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC automotive brake pads market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the APAC automotive brake pads market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the automotive brake pads market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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