Europe Automotive Brake Pads Market Forecast to 2028

Europe 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)

Report Code : BMIRE00025316 | Region : Europe | Industry : Automotive and Transportation | Published Date : 12/Jul/2022

The Europe automotive brake pads market is expected to grow from US$ 597.79 million in 2021 to US$ 731.97 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2021 to 2028.

The brake pads create friction between the caliper and disc that helps stop the car when the pads are pressed against the brake disc. The absence of brake pads extends the braking distance, and heat from the friction will not disperse correctly, which could cause the whole braking system to overheat and lead to complete brake failure. Thus, brake pads are one of the crucial components of the disc braking system in automotive parts. Therefore, many brake pad manufacturers are entering this lucrative business. Car manufacturers are increasingly demanding brake pads that last the car's lifetime. Therefore, brake pad manufacturers are focused on making pads that last longer while also catering to stringent quality and environmental requirements. Further, with an increasing focus on health, safety, and the environment, disc brake pad manufacturers (compounders) are looking for alternatives to traditional raw materials, such as copper and other materials, that give rise to health and safety issues. The rise in expansion strategies adopted by key automotive part manufacturers is surging the presence of brake pad manufacturers. Thus, significant initiatives from automotive brake pad manufacturers increase the presence of brake pad producers, accelerating the growth of the automotive brake pad market 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 Europe automotive brake pads market . The Europe automotive brake pads market is expected to grow at a good CAGR during the forecast period.

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

Europe Automotive Brake Pad Market Segmentation

The Europe 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 during the forecast period. Based on vehicle type, the market is segmented into commercial vehicle and passenger car . The passenger cars segment dominated the market in 2020 and is expected to grow faster during the forecast period. Based on country, the Europe automotive brake pad market is segmented into France, Germany, the UK, Italy, Russia, and the Rest of Europe. ACDelco; AKEBONO BRAKE INDUSTRY CO., LTD.; Brake Parts Inc. LLC.; Brembo S.p.A.; Hebei Huahua Friction Material CO., Ltd.; Robert Bosch GmbH; SANGSIN BRAKE; Util Industries S.p.A; and ZF Friedrichshafen AG are among the leading companies in the Europe automotive brake pad market.

Passenger Car Segment to Dominate Europe Automotive Brake Pads Market During 2021–2028

According to a new market research study on “Europe Automotive Brake Pads Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material Type and Vehicle Type”, the market is expected to reach US$ 731.97 million by 2028 from US$ 597.79 million in 2021. It is estimated to grow at a CAGR of 2.9% from 2021 to 2028. The report provides trends prevailing in the Europe automotive brake pads market along with the drivers and restraints pertaining to the market growth. Rising investments by brake pads manufacturers in expanding production capacity is the major factor driving the growth of the Europe automotive brake pads market. However, high cost of raw materials may hamper the growth of the Europe automotive brake pads market.

The Europe 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, however semi-metallic brake pads segment is expected to be fastest growing during forecast period. Based on vehicle type, the market is segmented into commercial vehicle and passenger car. The passenger cars segment dominated the market in 2020 and is expected to be fastest growing during forecast period. Based on country, the Europe automotive brake pad market is segmented into the France, Germany, UK, Italy, Russia, and Rest of Europe.

ACDelco; AKEBONO BRAKE INDUSTRY CO., LTD.; Brake Parts Inc. LLC.; Brembo S.p.A.; Hebei Huahua Friction Material CO., Ltd.; Robert Bosch GmbH; SANGSIN BRAKE; Util Industries S.p.A; and ZF Friedrichshafen AG are among some of the leading companies in the Europe automotive brake pad market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Akebono Brake Corporation had announced that Akebono's products have been adopted by Lynk & Co, for supplying 4-pot disc brake calipers and copper-free disc brake pads for the front wheels of the "05+" model, a high-performance SUV. This developed have helped the company to empower its product offerings across various applications.

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 Europe PEST Analysis

4.3 Ecosystem Analysis

4.4 EXPERT OPINIONS

5. Europe Automotive Brake Pads Market – Market Dynamics

5.1 Key Market Drivers

5.1.1 Surge in production and sales of automotive vehicles

5.1.2 Accentuating 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 Escalating Adoption of Electric Vehicles Propels the Usage of Brake Pads

5.5 Impact Analysis of Drivers and Restraints

6. Automotive Brake Pads Market – Europe Analysis

6.1 Overview

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

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

7.1 Overview

7.2 Europe 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. Europe Automotive Brake Pad Market Analysis – By Vehicle Type

8.1 Overview

8.2 Europe 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. Europe Automotive Brake Pad Market – Country Analysis

9.1 Overview

9.1.1 Europe Automotive Brake Pads Market Breakdown, By Key Country

9.1.1.1 Germany Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

9.1.1.1.1 Germany Automotive Brake Pads Market Breakdown, By Material Type

9.1.1.1.2 Germany Automotive Brake Pads Market Breakdown, By Vehicle Type

9.1.1.2 France Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

9.1.1.2.1 France Automotive Brake Pads Market Breakdown, By Material Type

9.1.1.2.2 France Automotive Brake Pads Market Breakdown, By Vehicle Type

9.1.1.3 Italy Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

9.1.1.3.1 Italy Automotive Brake Pads Market Breakdown, By Material Type

9.1.1.3.2 Italy Automotive Brake Pads Market Breakdown, By Vehicle Type

9.1.1.4 UK Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

9.1.1.4.1 UK Automotive Brake Pads Market Breakdown, By Material Type

9.1.1.4.2 UK Automotive Brake Pads Market Breakdown, By Vehicle Type

9.1.1.5 Russia Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

9.1.1.5.1 Russia Automotive Brake Pads Market Breakdown, By Material Type

9.1.1.5.2 Russia Automotive Brake Pads Market Breakdown, By Vehicle Type

9.1.1.6 Rest of Europe Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

9.1.1.6.1 Rest of Europe Automotive Brake Pads Market Breakdown, By Material Type

9.1.1.6.2 Rest of Europe Automotive Brake Pads Market Breakdown, 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 Robert Bosch GmbH

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 SANGSIN BRAKE

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 ZF Friedrichshafen AG (TRW Automotive)

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 Util Industries S.p.A.

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

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

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

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

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

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

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

Table 6.             France Automotive Brake Pads Market Revenue and Forecasts to 2028 – By Vehicle Type (US$ Mn)

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

Table 8.             Italy Automotive Brake Pads Market Revenue and Forecasts to 2028 – By Vehicle Type (US$ Mn)

Table 9.             UK Automotive Brake Pads Market Revenue and Forecasts to 2028 – By Material Type (US$ Mn)

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

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

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

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

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

Table 15.          Glossary of Terms

LIST OF FIGURES.

Figure 1.           Europe Automotive Brake Pads Market Segmentation

Figure 2.           Europe Automotive Brake Pads Market Segmentation – By Country

Figure 3.           Europe Automotive Brake Pads Market Overview

Figure 4.           Europe Automotive Brake Pads Market, By Material Type

Figure 5.           Europe Automotive Brake Pads Market, by Country

Figure 6.           Europe - PEST Analysis

Figure 7.           Europe Automotive Brake Pad Market– Ecosystem Analysis

Figure 8.           Europe Automotive Brake Pad Market Impact Analysis of Drivers and Restraints

Figure 9.           Europe Automotive Brake Pads Market Revenue and Forecast To 2028 (US$ Mn)

Figure 10.        Europe Automotive Brake Pad Market Breakdown, by Material Type, 2020 & 2028 (%)

Figure 11.        Europe Metallic Brake Pad Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 12.        Europe Semi-Metallic Brake Pad Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 13.        Europe Asbestos Brake Pad Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 14.        Europe Non-Asbestos Organic Brake Pad Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 15.        Europe Automotive Brake Pad Market Breakdown, By Vehicle Type, 2020 & 2028 (%)

Figure 16.        Europe Commercial Vehicle Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 17.        Europe Passenger Cars Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 18.        Europe: Automotive Brake Pads Market, by Key Country – Revenue (2020) (US$ Million)

Figure 19.        Europe: Automotive Brake Pads Market, by Country, 2020 & 2028 (%)

Figure 20.        Germany Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21.        France Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 22.        Italy Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 23.        UK Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 24.        Russia Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 25.        Rest of Europe Automotive Brake Pads Market Revenue and Forecasts to 2028 (US$ Mn)

The List of Companies - Europe 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.

● Robert Bosch GmbH

● SANGSIN BRAKE

● Util Industries S.p.A

● ZF Friedrichshafen AG

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe 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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