Automotive Brake Pads Market Study by Regional Outlook and Competitive Landscape to 2026 - PowerPoint PPT Presentation

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Automotive Brake Pads Market Study by Regional Outlook and Competitive Landscape to 2026

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Global Market Insights Inc., estimates, automotive brake pads market would likely surpass a momentous $14.7 billion valuation by 2026. – PowerPoint PPT presentation

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Title: Automotive Brake Pads Market Study by Regional Outlook and Competitive Landscape to 2026


1
Automotive Brake Pads Market Demand Analysis and
Growth Forecast from 2020 to 2026
  • Automotive Brake Pads Market is estimated to
    foresee immense growth over the coming years due
    to an upsurge in automobile fleets, consistent
    rise in aftermarket product demand, and the
    steadily increasing automotive sales. Frequent
    launch of new passenger vehicle models, which are
    being launched with multiple attractive
    promotional offers by automotive dealers to boost
    sales would further compliment industry outlook.
    Considering these factors, Global Market Insights
    Inc., estimates, automotive brake pads market
    would likely surpass a momentous 14.7 billion
    valuation by 2026.
  • In fact, the aforementioned strategy has proven
    to be highly effective in bringing in results and
    augmenting revenue growth. According to the
    Invest India, in FY2018-19 passenger vehicle
    sales grew by more than 2.70. Additionally,
    during April-March 2019, overall automobile
    exports witnessed a significant growth of 14.50
    and the overall commercial vehicle segment
    witnessed a growth of about 17.55 during the
    same period.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
2
  • With respect to material, the low metallic NAO
    segment is projected to expand at a healthy
    growth rate of about 3.8 over the coming years.
    These brake pads are comprised of a heavy
    concentration of mineral abrasives in order to
    provide enhanced stopping power. The product is
    manufactured through an organic formula mix with
    a small amount of copper or steel added to the
    formulation to help support a better level of
    heat transfer and provide efficient braking.
  • In terms of vehicle, the heavy commercial
    vehicles (HCV) segment held a significant revenue
    share of more than 124 million in 2019 with
    industry estimates anticipating it to register
    remunerative growth owing to the rapidly growing
    construction and logistics sector. These vehicles
    frequently work with immense loads and thus need
    an efficient braking system to improve safety. In
    addition, the ongoing expansion of private and
    public transportation industries across
    developing countries should further propel the
    segment share over the coming years. Taking March
    2019 for instance, Meyle unveiled new brake pads
    designed for heavy vehicles that decrease braking
    distance and enhance the braking performance of
    HCVs.
  • Major market players in the automotive brake pads
    industry are establishing new plants across new
    locations in order to strengthen their regional
    footprints and boost revenues. Citing an
    instance, in 2019, Sangsin Technology America,
    the U.S. arm of South Korean brake manufacturer,
    reportedly announced its plan to build a 20
    million factory in McDonough, Georgia.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
3
Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/1
367
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
4
  • Regional Analysis
  • Geographically, an upsurge in RD investments by
    market players to offer optimum quality products
    is expected to majorly propel the Latin America
    automotive brake pads market share through the
    forecast timeframe. In fact, the regional market
    share is projected to expand at a decent CAGR of
    approximately 3.2 through the analysis period.
    Furthermore, Brazil and Mexico are likely to lead
    the regional product demand owing to increasing
    sales of automotive brake pads across these
    nations. Stringent norms that focus on banning
    the use of asbestos-based products owing to
    health issues would further augmenting the
    regional market share.
  • Competitive Analysis
  • The competitive landscape of the global
    automotive brake pads market is inclusive of
    players such as Brakewel Automotive Components
    India, Ranbro Brakes India Limited, KFE brakes
    system, Sangsin Brakes, Hunan Boyun Automobile
    Brake Material Co Ltd, Double Link, HAWK
    Performance, Hitachi Chemical, WAGNER, Nisshinbo
    Brake Inc., and ICER BRAKES among others.

2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
5
Latest Research Report On Automotive Brake Pads
Market _at_ https//www.gminsights.com/industry-anal
ysis/automotive-brake-pads-market
Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
1367
Request for customization https//www.gminsights
.com/roc/1367
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
6
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
2017 Global Market Insights, Inc. USA. All
Rights Reserved
www.gminsights.com
www.gminsights.com
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