Automotive Brake Pads Market Size - By Material Type (Semi-metallic, Non-asbestos, Low-metallic, Ceramic Brake Pads), By Vehicle Type (Passenger Cars, LCV, HCV, Two Wheelers) & Forecast, 2024 – 2032

Automotive Brake Pads Market Size

Automotive Brake Pads Market size was valued at USD 4 billion in 2023 and is anticipated to register a CAGR of over 4.3% between 2024 and 2032. The primary factor driving this growth is the increasing demand for vehicles across the globe. With rising disposable incomes and urbanization, there has been a significant increase in the number of people purchasing cars, leading to a surge in the demand for brake pads. Additionally, stringent government regulations regarding vehicle safety and emissions have also played a crucial role in the growth of this market.
 

With the rise in number of road accidents and fatalities government around the world implemented stringent. These regulations have been put in place to ensure the safety of both drivers and pedestrians, as well as to reduce the negative impact of vehicles on the environment. This factor also opened up opportunities for new players to enter the market. With the increasing demand for high-quality brake pads, smaller manufacturers have been able to compete with larger, established brands by offering innovative and cost-effective solutions. This has led to a more diverse and competitive market, benefitting both consumers and the overall industry.
 

Regenerative braking is a mechanism found on most hybrid and full-electric vehicles. These systems can recover energy and recharge batteries, reducing the need for frequent braking and ultimately reducing the wear and tear on brake pads. This could potentially lead to a decrease in demand for replacement brake pads in the long run. As these vehicles have regenerative braking systems, the traditional brake pads are not suitable for use. Additionally, the automotive brake pads market also facing the challenges from ridesharing and car-sharing services. The rise of ridesharing and car-sharing services disrupted the traditional automotive industry.
 

Automotive Brake Pads Market Trends

The key component of any vehicle breaking mechanism is the brake pads. A heavy vehicle going at 100 km/hour in 5 seconds creates more than 100 kW of heat in an area of only 50 cm2. That heat is dissipated into the brake pads. Within seconds, temperatures can reach 600°C and in extreme cases considerably higher. With a rising focus on HSE (Health, Safety, Environment) recently, automotive brake pads manufacturers are searching for options to traditional raw materials like copper and different materials, this allows for more precise control and faster response times, enhancing both safety and performance issue.
 

On the other hand, integration of advanced sensors and software in brake technology is another emerging trend and shaping the future of automotive safety and braking systems. Integration of advanced sensors software in brake technology allows for proactive maintenance and early detection of potential issues, improving safety and reducing the risk of brake failure. Key manufacturers such as Delphi and Bosch are at the forefront of utilizing software to drive innovation in brake system design, development, and performance. Delphi, Delphi, for instance, ships billions of lines of programming code day to day, reflecting the increasing reliance and impact of software in the automotive industry.
 

Automotive Brake Pads Market Analysis

Based on material type, the market can be segmented into semi-metallic, non-asbestos, low-metallic, ceramic brake pads. The ceramic brake pads segment held over USD 2 billion revenue in 2023 and is set to reach USD 4.02 billion by 2032. Ceramic brake pads are made from a combination of ceramic fibers, filler materials, and binding agents. This unique composition makes ceramic brake pads highly durable and efficient in stopping a moving vehicle.
 

Unlike traditional brake pads, which are made from organic materials like rubber, carbon, and metal, ceramic brake pads have a higher melting point and can withstand extreme temperatures without losing their effectiveness. Their ability to withstand high temperatures, durability, improved performance, low dust production, and eco-friendliness make them a top choice for vehicle manufacturers and drivers the same. With the increasing demand for high-performance and safer vehicles, ceramic brake pads are anticipated to continue to be a popular choice in the automotive industry.
 

Based on vehicle type, the automotive brake pads market is categorized into passenger cars, LCV, HCV, two wheelers. The passenger cars segment dominated around USD 3 billion in 2023 and is anticipated to cross USD 4.23 billion by 2032. The design and material of brake pads have evolved over the years to improve their performance and longevity. Most modern passenger vehicles use either ceramic or semi-metallic brake pads.
 

Brake pads are a crucial component in ensuring the safety, performance, and maintenance of the vehicle. Regular maintenance and replacement of brake pads not only ensure the safety of the driver and passengers but also contribute to a more efficient and environmentally friendly vehicle. It is anticipated that, with the rising number of passenger vehicles and increasing safety concerns propel the market growth.
 

For instance, China's vehicle sales accelerated to a record 30.09 million units in 2023. With 30.09 million units sold in 2023, as per the China Association of Automobile Manufacturers. China maintained its position as the world's largest automobile seller. As per the Society of Indian Automobile Manufacturers data, more than 4.1 million cars, sedans and utility vehicles were sold in the domestic market in calendar year 2023. Furthermore, data Japan Automobile Dealers Association and Japan Light Motor Vehicle and Motorcycle Association, show that 4,779,086 new cars in total were sold in the Japan country in 2023, a rise of 13.8% year-on-year and the first increase in five years.
 

With advancements in technology, the market is anticipated to witness the introduction of innovative and advanced brake pad solutions, creating opportunities for automotive brake pads manufacturers to expand their product portfolio and cater to the evolving needs of consumers in the Asia Pacific region in near future.
 

Automotive Brake Pads Market Share

Prominent players including Hitachi Astemo, Ltd., Robert Bosch LLC, SKF, Delphi Technologies, DRiV Automotive Inc. and TSF Group accounted for over 30% market share in 2023. These players are proactively involved in strategic endeavors, such as mergers & and acquisitions, facility expansion, and collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to R&D, aiming to enhance their designs and integrate cutting-edge technologies, thereby ensuring that they maintain a competitive edge.
 

Automotive Brake Pads Market Companies

Major companies operating in the automotive brake pads industry include:

• Akebono Brake Corporation.
• Delphi Technologies
• DRiV Automotive Inc.
• Dynamic Friction Company
• EBC Brakes
• HELLA GmbH & Co. KGaA
• Hitachi Astemo, Ltd.
• Maruti Suzuki India Limited
• Masu Brakes
• Robert Bosch LLC
• SKF
• TOMEX Brakes sp. z o.o. sp.k.
• TSF Group
• Webb Wheel Products, Inc.
• ZF Friedrichshafen AG
   

Automotive Brake Pads Industry News

• In February 2024, Webb launch the new Ultra Grip air disc brake pads. Webb developed new brake pads with three different levels. Ultra Grip Plus a high-quality pad designed for a wide range of on-highway truck/trailer applications. Ultra Grip Premium a premium quality pads designed for a wide range of on-highway truck/trailer applications. Ultra Grip Severe-Duty a robust design suited for the most demanding applications.
   
• In August 2023, Delphi launches its new range of BEV brake pads dedicated to the specific needs of BEV applications. The silver powder coated backplate offers a high resistance to rust and excellent durability, and the multi-layered steel and rubber composite shim minimizes noise, and vibration, delivering exceptional stopping performance and pad wear marking has been added to indicate when brake pads are due for replacement.
   
• In April 2023, SKF launches a new range of brake pads an advanced solution with ceramic that ensures lower dust generation, excellent service life and optimal noise performance. The SKF brake pad features a specific thermal treatment so called scorching, that optimizes the coefficient of friction and therefore promotes better braking performance in all road conditions.
   

The automotive brake pads market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Material Type

• Semi-metallic
• Non-asbestos
• Low-metallic
• Ceramic Brake Pads

Market, By Vehicle Type

• Passenger Cars
• LCV
• HCV
• Two Wheelers

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA