The Europe Automotive Brake Pad Market would witness market growth of 4.7% CAGR during the forecast period (2022-2028).
The market for automotive brake pads is expanding more quickly as a result of these innovations. In recent years, a number of new companies have joined the brake pad market with the goal of introducing high-quality and high-performance friction materials using cutting-edge development and manufacturing techniques. Manufacturers concentrate on creating high-temperature brake pads that are dependable and robust.
To assure supply stability and maintain their market dominance, producers of brake pads for the automotive sector enter into long-term supply agreements with automakers. Companies in the brake pad market are becoming aware of the increased emissions from vehicles brought on by disc brake wear. In order to reduce vehicle emissions, manufacturers are stepping up their R&D efforts to remove copper from brake pads.
To reduce the number of car emissions released in populated regions, they are experimenting with friction materials free of copper. This has been found to improve environmental and human circumstances. In addition, manufacturers are considering matching sets of rotors as well as brake pads to provide vehicles with dependable and consistent performance.
There has been an increase in the number of automobiles purchased by businesses in the region. These vans are also used to transport online-purchased goods. As e-commerce expands throughout Europe, the demand for a more modern distribution network increases. Germany is a prominent automotive center in Europe, with the Volkswagen Group, BMW Group, and Daimler Group among its established automakers. The country is a major producer of light commercial cars in Europe. In addition, German manufacturers of light commercial trailers create more trailers than Germany requires. With the expansion of the automotive industry, the automotive brake pad market in Europe is predicted to grow as well.
The Germany market dominated the Europe Automotive Brake Pad Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $319.2 million by 2028.The UK market is estimated to grow at a CAGR of 3.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.5% during (2022 - 2028).
Based on Material, the market is segmented into Non-Asbestos Organic, Semi Metallic, Low Metallic NAO and Ceramic. Based on Position, the market is segmented into Front & Rear and Front. Based on Sales Channel, the market is segmented into Aftermarket and OEM. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, Two Wheelers and Heavy Commercial Vehicles. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Brembo S.p.A., BorgWarner, Inc., ITT, Inc., Tenneco, Inc. (Apollo Funds), Akebono Brake Industry Co., Ltd., ADVICS Co., Ltd. (Aisin Corporation), and Brake Parts, Inc. (First Brands Group).
The market for automotive brake pads is expanding more quickly as a result of these innovations. In recent years, a number of new companies have joined the brake pad market with the goal of introducing high-quality and high-performance friction materials using cutting-edge development and manufacturing techniques. Manufacturers concentrate on creating high-temperature brake pads that are dependable and robust.
To assure supply stability and maintain their market dominance, producers of brake pads for the automotive sector enter into long-term supply agreements with automakers. Companies in the brake pad market are becoming aware of the increased emissions from vehicles brought on by disc brake wear. In order to reduce vehicle emissions, manufacturers are stepping up their R&D efforts to remove copper from brake pads.
To reduce the number of car emissions released in populated regions, they are experimenting with friction materials free of copper. This has been found to improve environmental and human circumstances. In addition, manufacturers are considering matching sets of rotors as well as brake pads to provide vehicles with dependable and consistent performance.
There has been an increase in the number of automobiles purchased by businesses in the region. These vans are also used to transport online-purchased goods. As e-commerce expands throughout Europe, the demand for a more modern distribution network increases. Germany is a prominent automotive center in Europe, with the Volkswagen Group, BMW Group, and Daimler Group among its established automakers. The country is a major producer of light commercial cars in Europe. In addition, German manufacturers of light commercial trailers create more trailers than Germany requires. With the expansion of the automotive industry, the automotive brake pad market in Europe is predicted to grow as well.
The Germany market dominated the Europe Automotive Brake Pad Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $319.2 million by 2028.The UK market is estimated to grow at a CAGR of 3.8% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5.5% during (2022 - 2028).
Based on Material, the market is segmented into Non-Asbestos Organic, Semi Metallic, Low Metallic NAO and Ceramic. Based on Position, the market is segmented into Front & Rear and Front. Based on Sales Channel, the market is segmented into Aftermarket and OEM. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles, Two Wheelers and Heavy Commercial Vehicles. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Brembo S.p.A., BorgWarner, Inc., ITT, Inc., Tenneco, Inc. (Apollo Funds), Akebono Brake Industry Co., Ltd., ADVICS Co., Ltd. (Aisin Corporation), and Brake Parts, Inc. (First Brands Group).
Scope of the Study
Market Segments Covered in the Report:
By Material
- Non-Asbestos Organic
- Semi Metallic
- Low Metallic NAO
- Ceramic
By Position
- Front & Rear
- Front
By Sales Channel
- Aftermarket
- OEM
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Two Wheelers
- Heavy Commercial Vehicles
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Brembo S.p.A
- BorgWarner, Inc
- ITT, Inc
- Tenneco, Inc. (Apollo Funds)
- Akebono Brake Industry Co., Ltd
- ADVICS Co., Ltd. (Aisin Corporation)
- Brake Parts, Inc. (First Brands Group)
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Automotive Brake Pad Market, by Material
1.4.2 Europe Automotive Brake Pad Market, by Position
1.4.3 Europe Automotive Brake Pad Market, by Sales Channel
1.4.4 Europe Automotive Brake Pad Market, by Vehicle Type
1.4.5 Europe Automotive Brake Pad Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.1.2 Market Drivers
2.1.3 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Product Launches and Product Expansions
3.2.2 Acquisition and Mergers
3.2.3 Joint Ventures
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Sep - 2022, Nov) Leading Players
Chapter 4. Europe Automotive Brake Pad Market by Material
4.1 Europe Non Asbestos Organic Market by Country
4.2 Europe Semi Metallic Market by Country
4.3 Europe Low Metallic NAO Market by Country
4.4 Europe Ceramic Market by Country
Chapter 5. Europe Automotive Brake Pad Market by Position
5.1 Europe Front & Rear Market by Country
5.2 Europe Front Market by Country
Chapter 6. Europe Automotive Brake Pad Market by Sales Channel
6.1 Europe Aftermarket Market by Country
6.2 Europe OEM Market by Country
Chapter 7. Europe Automotive Brake Pad Market by Vehicle Type
7.1 Europe Passenger Cars Market by Country
7.2 Europe Light Commercial Vehicles Market by Country
7.3 Europe Two Wheelers Market by Country
7.4 Europe Heavy Commercial Vehicles Market by Country
Chapter 8. Europe Automotive Brake Pad Market by Country
8.1 Germany Automotive Brake Pad Market
8.1.1 Germany Automotive Brake Pad Market by Material
8.1.2 Germany Automotive Brake Pad Market by Position
8.1.3 Germany Automotive Brake Pad Market by Sales Channel
8.1.4 Germany Automotive Brake Pad Market by Vehicle Type
8.2 UK Automotive Brake Pad Market
8.2.1 UK Automotive Brake Pad Market by Material
8.2.2 UK Automotive Brake Pad Market by Position
8.2.3 UK Automotive Brake Pad Market by Sales Channel
8.2.4 UK Automotive Brake Pad Market by Vehicle Type
8.3 France Automotive Brake Pad Market
8.3.1 France Automotive Brake Pad Market by Material
8.3.2 France Automotive Brake Pad Market by Position
8.3.3 France Automotive Brake Pad Market by Sales Channel
8.3.4 France Automotive Brake Pad Market by Vehicle Type
8.4 Russia Automotive Brake Pad Market
8.4.1 Russia Automotive Brake Pad Market by Material
8.4.2 Russia Automotive Brake Pad Market by Position
8.4.3 Russia Automotive Brake Pad Market by Sales Channel
8.4.4 Russia Automotive Brake Pad Market by Vehicle Type
8.5 Spain Automotive Brake Pad Market
8.5.1 Spain Automotive Brake Pad Market by Material
8.5.2 Spain Automotive Brake Pad Market by Position
8.5.3 Spain Automotive Brake Pad Market by Sales Channel
8.5.4 Spain Automotive Brake Pad Market by Vehicle Type
8.6 Italy Automotive Brake Pad Market
8.6.1 Italy Automotive Brake Pad Market by Material
8.6.2 Italy Automotive Brake Pad Market by Position
8.6.3 Italy Automotive Brake Pad Market by Sales Channel
8.6.4 Italy Automotive Brake Pad Market by Vehicle Type
8.7 Rest of Europe Automotive Brake Pad Market
8.7.1 Rest of Europe Automotive Brake Pad Market by Material
8.7.2 Rest of Europe Automotive Brake Pad Market by Position
8.7.3 Rest of Europe Automotive Brake Pad Market by Sales Channel
8.7.4 Rest of Europe Automotive Brake Pad Market by Vehicle Type
Chapter 9. Company Profiles
9.1 Continental AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Joint Venture:
9.1.4.2 Product Launches and Product Expansions:
9.1.5 Research & Development Expense
9.1.6 SWOT Analysis
9.2 Robert Bosch GmbH
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Brembo S.p.A.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Joint Ventures:
9.3.4.2 Product Launches and Product Expansions:
9.3.4.3 Acquisition and Mergers:
9.3.4.4 Geographical Expansions:
9.4 ZF Friedrichshafen AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.4.5.3 Geographical Expansions:
9.5 ITT, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Geographical Expansions:
9.6 ADVICS Co., Ltd. (Aisin Corporation)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.7 BorgWarner, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional & Segmental Analysis
9.7.4 Research & Development Expenses
9.8 Akebono Brake Industry Co., Ltd.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Product Category and Regional Analysis
9.8.4 Research & Development Expenses
9.9 Tenneco, Inc. (Apollo Credit Management, LLC)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional & Segmental Analysis
9.9.4 Research & Development Expenses
9.10. Brake Parts, Inc. (First Brands Group)
9.10.1 Company Overview
Companies Mentioned
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Brembo S.p.A.
- BorgWarner, Inc.
- ITT, Inc.
- Tenneco, Inc. (Apollo Funds)
- Akebono Brake Industry Co., Ltd.
- ADVICS Co., Ltd. (Aisin Corporation)
- Brake Parts, Inc. (First Brands Group)
Methodology
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