Global Automotive Brake Pads Market Size, Share, Growth, Trends and Forecasts, 2017 - 2024

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Automotive Brake Pads Market Analysis and
Industry Forecasts, 2017 - 2024 Global Market
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Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automotive Brake Pads Market

• Brakes are the most replaced automobile
  component, owing to their critical applications
  for ensuring the passenger safety. Recurring
  requirement of worn out component replacements is
  anticipated to propel automotive brake pads
  market growth.
• Development of stringent safety norms, increasing
  emphasis on preventive maintenance and consumer
  focus on personal safety are expected to boost
  automotive brake pads market growth.
• Dual Dynamometer Differential Effectiveness
  Analysis (D3EA) and Brake Effectiveness
  Evaluation Procedure (BEEP) are the standards
  developed in order to ensure the quality of IAM
  replacements are expected to present potential
  growth opportunity for automotive brake pads
  market over the forecast timeframe.

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Continued...

• The type used depends on the maximum load
  carrying capacity of the automobile and its
  requirement to ensure efficient braking at high
  speeds and offer better wear-resistance.
• Growth can be attributed to increasing stringency
  in stopping regulations. For instance, in U.K.,
  stopping distance is 12 meters for a car running
  at 20 miles per hour speed. The stopping distance
  doubles for every 10 mph increase in car speed.
• Some key manufacturers in the automotive brake
  pads market are Honeywell International Inc.,
  Nisshinbo Industries, Brembo S.p.A., Akebono
  Brake Corporation, ZF TRW, TMD Friction Holdings
  GmbH, Federal-Mogul Corporation, Continental AG,
  AC Delco, EBC Brakes, Robert Bosch GmbH, Delphi
  Automotive Plc., and Japan Brake Industrial Co.
  Ltd.

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360 Analysis

• Product Analysis
• Brakes are the most replaced automobile
  component, owing to their critical applications
  for ensuring the passenger safety. Recurring
  requirement of worn out component replacements is
  anticipated to propel automotive brake pads
  market growth.
• Regional Analysis
• Europe is anticipated to dominate automotive
  brake pads market, owing to increasing production
  of automobiles. Growth can be attributed to
  increasing stringency in stopping regulations.
• Competitive Market Share
• Some key manufacturers in the automotive brake
  pads market are Honeywell International Inc.,
  Nisshinbo Industries, Brembo S.p.A., Akebono
  Brake Corporation, ZF TRW, TMD Friction Holdings
  GmbH.

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