Global Brake Pads Market Is Expected to Grow at a CAGR 1.9% and Reach 23.1 Billion USD in 2023, from 20.6 Billion USD in 2017
Lewes, DE -- 07/20/2018 -- The worldwide market for Brake Pads is expected to grow at a CAGR of roughly 1.9% over the next five years, will reach 23100 million US$ in 2023, from 20600 million US$ in 2017, according to a new study.
Brake Pads are components of brake systems used in automotive and other applications. Brake pads are friction materials which bound to the surface that faces the brake rotor and take the brunt of the frictional force necessary to stop the car. In a disc brake system, the brake pedal activates a hydraulic line which squeezes the calipers against the rotors of the car's tires. Pads are positioned between the calipers and the rotors to absorb the energy and heat, and then provide enough grips to stop the car.
Scope of the Report:
This report focuses on the Brake Pads in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
As we can see from the past few years, the brake pads industry has developed rapidly for many years and the technology is mature. The key manufacturers mainly distribute in USA, Europe and Japan regions, where the automobile shipping aeroplane industry is quite developed. And the manufacturers' bases are located all over the world. Some key manufactures have their own brake pads brands, and manufactures brake pads products for the auto maker and the leading brake pad producers as OEM. The key OEM producer includes Federal Mogul, Bosch, ITT Corporation, TRW Automotive, Nisshinbo Group Company etc.
The brake pad products capacity and production has increased steadily in the past years and it will keep the tendency in the future few years. And the demand was always stable and increased rapidly, in the future, the developing regions will have great development space in the future, such as India Russia Southeast Asia South America the Middle East and some African countries.
In China, the brake pad industry also developed rapidly and leaded the world brake pads markets. There are over three hundred manufacturers located in the developed areas of China. Some manufacturers make brake pads products for the global leading producers as an OEM. At the same time, the leading manufacturers have built their factories in China, such as Federal Mogul, Bosch, Nisshinbo Group Company and Sangsin Brake etc.
The worldwide market for Brake Pads is expected to grow at a CAGR of roughly 1.9% over the next five years, will reach 23100 million US$ in 2023, from 20600 million US$ in 2017, according to a new study.
Market Segment by Manufacturers, this report covers
Nisshinbo Group company
MK Kashiyama (JP)
Brake Parts Inc
Shandong Gold Phoenix
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Non-asbestos Organic Brake Pads
Low Metallic NAO Brake Pads
Semi Metallic Brake Pads
Ceramic Brake Pads
Market Segment by Applications, can be divided into
Vehicles OEM Industry
Vehicles Aftermarket Industry
There are 15 Chapters to deeply display the global Brake Pads market.
Chapter 1, to describe Brake Pads Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Brake Pads, with sales, revenue, and price of Brake Pads, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Brake Pads, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Brake Pads market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Brake Pads sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Spanning over 151 pages "Forecast of Global Brake Pads Market 2023" report covers Market Overview, Manufacturers Profiles, Global Brake Pads Market Competition, by Manufacturer, Global Brake Pads Market Analysis by Regions, North America Brake Pads by Countries, Type, Application and Manufacturers, Europe Brake Pads by Countries, Type, Application and Manufacturers, Asia-Pacific Brake Pads by Countries, Type, Application and Manufacturers, South America Brake Pads by Countries, Type, Application and Manufacturers, Middle East and Africa Brake Pads by Countries, Type, Application and Manufacturers, Global Brake Pads Market Segment by Type, Global Brake Pads Market Segment by Application, Brake Pads Market Forecast (2018-2023), Sales Channel, Distributors, Traders and Dealers, Research Findings and Conclusion, Appendix.
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