The North America Automotive Brake Pad Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
The inspection and replacement of disc brake pads are simpler than that of other friction linings. Additionally, these work well to lessen the driver's pedal effort. The material used to make brake pads has properties such as quick recovery, friction coefficient, resistance to wear, and others. There are four different kinds of brake pads: semi-metallic, low metallic non-asbestos organic (NAO), and ceramic.
Since there is no standard brake pad size, the size and shape requirements will vary depending on the car. A vehicle's braking performance is enhanced with brake pads, which also make stopping easier. The substance used in brake pads is the only factor that affects how effective they are. Brake pads have a high coefficient of friction and cause less wear.
In order to improve friction properties at both high and low temperatures, minimize noise and porosity, and increase stiffness and strength of the brake pads, the friction materials used in brake pads are composed of a combination of lubricant and abrasive elements. Reinforced fibers, binders, additives, and fillers are all different types of the friction material that is used. The market's demand for brake pads has been driven by an increase in consumer demand for improved high-speed braking.
The demand for commercial vehicles in North America is increasing. This is owing to the increasing demand for long-distance operations by fleet management. In addition, municipal governments are enacting a variety of carbon emissions-related laws. As a result, local manufacturers are implementing the same technology in buses as well as commercial vehicles in an effort to reduce carbon emissions, but they will face distinct obstacles. Long-distance hauling vehicles have previously undergone significant duty cycle and fuel efficiency optimization. As the demand for automobiles in the region increases, so does the necessity for equipment that ensures safe driving. Thus, the North American market for automotive brake pads would expand.
The US market dominated the North America Automotive Brake Pad Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,002 million by 2028.The Canada market is poised to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.6% 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 U.S., Mexico, Canada, and Rest of North America.
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 inspection and replacement of disc brake pads are simpler than that of other friction linings. Additionally, these work well to lessen the driver's pedal effort. The material used to make brake pads has properties such as quick recovery, friction coefficient, resistance to wear, and others. There are four different kinds of brake pads: semi-metallic, low metallic non-asbestos organic (NAO), and ceramic.
Since there is no standard brake pad size, the size and shape requirements will vary depending on the car. A vehicle's braking performance is enhanced with brake pads, which also make stopping easier. The substance used in brake pads is the only factor that affects how effective they are. Brake pads have a high coefficient of friction and cause less wear.
In order to improve friction properties at both high and low temperatures, minimize noise and porosity, and increase stiffness and strength of the brake pads, the friction materials used in brake pads are composed of a combination of lubricant and abrasive elements. Reinforced fibers, binders, additives, and fillers are all different types of the friction material that is used. The market's demand for brake pads has been driven by an increase in consumer demand for improved high-speed braking.
The demand for commercial vehicles in North America is increasing. This is owing to the increasing demand for long-distance operations by fleet management. In addition, municipal governments are enacting a variety of carbon emissions-related laws. As a result, local manufacturers are implementing the same technology in buses as well as commercial vehicles in an effort to reduce carbon emissions, but they will face distinct obstacles. Long-distance hauling vehicles have previously undergone significant duty cycle and fuel efficiency optimization. As the demand for automobiles in the region increases, so does the necessity for equipment that ensures safe driving. Thus, the North American market for automotive brake pads would expand.
The US market dominated the North America Automotive Brake Pad Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,002 million by 2028.The Canada market is poised to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.6% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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
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- 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 North America Automotive Brake Pad Market, by Material
1.4.2 North America Automotive Brake Pad Market, by Position
1.4.3 North America Automotive Brake Pad Market, by Sales Channel
1.4.4 North America Automotive Brake Pad Market, by Vehicle Type
1.4.5 North America 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
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 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. North America Automotive Brake Pad Market by Material
4.1 North America Non Asbestos Organic Market by Country
4.2 North America Semi Metallic Market by Country
4.3 North America Low Metallic NAO Market by Country
4.4 North America Ceramic Market by Country
Chapter 5. North America Automotive Brake Pad Market by Position
5.1 North America Front & Rear Market by Country
5.2 North America Front Market by Country
Chapter 6. North America Automotive Brake Pad Market by Sales Channel
6.1 North America Aftermarket Market by Country
6.2 North America OEM Market by Country
Chapter 7. North America Automotive Brake Pad Market by Vehicle Type
7.1 North America Passenger Cars Market by Country
7.2 North America Light Commercial Vehicles Market by Country
7.3 North America Two Wheelers Market by Country
7.4 North America Heavy Commercial Vehicles Market by Country
Chapter 8. North America Automotive Brake Pad Market by Country
8.1 US Automotive Brake Pad Market
8.1.1 US Automotive Brake Pad Market by Material
8.1.2 US Automotive Brake Pad Market by Position
8.1.3 US Automotive Brake Pad Market by Sales Channel
8.1.4 US Automotive Brake Pad Market by Vehicle Type
8.2 Canada Automotive Brake Pad Market
8.2.1 Canada Automotive Brake Pad Market by Material
8.2.2 Canada Automotive Brake Pad Market by Position
8.2.3 Canada Automotive Brake Pad Market by Sales Channel
8.2.4 Canada Automotive Brake Pad Market by Vehicle Type
8.3 Mexico Automotive Brake Pad Market
8.3.1 Mexico Automotive Brake Pad Market by Material
8.3.2 Mexico Automotive Brake Pad Market by Position
8.3.3 Mexico Automotive Brake Pad Market by Sales Channel
8.3.4 Mexico Automotive Brake Pad Market by Vehicle Type
8.4 Rest of North America Automotive Brake Pad Market
8.4.1 Rest of North America Automotive Brake Pad Market by Material
8.4.2 Rest of North America Automotive Brake Pad Market by Position
8.4.3 Rest of North America Automotive Brake Pad Market by Sales Channel
8.4.4 Rest of North America 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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