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Automotive Brake Pads Market Trends

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

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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.

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.