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Automotive Brake Pads Market Share

Report ID: GMI1367
Published Date: Mar 2024
Report Format: PDF

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Automotive Brake Pads Market Share

Global Company Market Share Analysis (2023)

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

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive brake pads reached USD 4 billion in 2023 and is set to expand at over 4.3% CAGR between 2024 and 2032, led by the surging demand for vehicles across the globe.

The ceramic segment recorded more than USD 2 billion in 2023 and is poised to reach USD 4.02 billion by 2032, owing to their ability to withstand high temperatures, durability, improved performance, low dust production, and eco-friendliness.

Asia Pacific market is set to exhibit robust growth at a notable CAGR from 2024-2032, attributed to the booming automotive manufacturing sector across major APAC countries such as China, and India.

Some of the top companies engaged in the market are 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, and ZF Friedrichshafen AG.