The global “Automotive Brake Pad Market” is expected to grow from US$ 2,580.57 million in 2021 to US$ 3,342.58 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2020 to 2028.

The rising demand for passenger cars and stricter vehicle safety norms is driving the automotive brake pad market significantly. Manufacturers are improving brake pads and disc systems due to the enforcement of stringent policies by various governments worldwide. They are improving the braking system to reduce stopping distance and incorporating various sensors for pedestrian impact prevention, such as visible light and infrared. Guidelines, such as panic stop braking with a shorter stopping distance, have been announced, affecting the brake pad business in general. As a result, brake pad producers are focusing on disc brake evolution to fulfill the new rules on stopping distance. Consequently, the rising demand for brake pads is propelling the automotive brake pad market. The companies are primarily concerned with producing environmentally safe, dependable, and durable braking systems.

Get a Sample PDF of report @: https://www.premiummarketinsights.com/sample/TIP00073455

Companies Profiled in this report includes:

• ACDelco
• AKEBONO BRAKE INDUSTRY CO., LTD.
• Brake Parts Inc. LLC.
• Brembo S.p.A.
• Hebei Huahua Friction Material CO., Ltd.
• Nisshinbo Holdings Inc.
• Robert Bosch GmbH
• SANGSIN BRAKE
• Util Industries S.p.A
• ZF Friedrichshafen AG

The overall automotive brake pad market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the automotive brake pad market with respect to all the segments. It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions-North America, Europe, Asia Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the automotive brake pad market.

Buy this Report @: https://www.premiummarketinsights.com/buy/TIP00073455

Automotive Brake Pad Market Segmentation:

By Material Type:
• Metallic Brake Pad
• Semi-Metallic Brake Pad
• Asbestos Brake Pad
• Non-Asbestos Organic Brake Pad

By Vehicle Type:
• Commercial Vehicle
• Passenger Cars

As governments across the world have imposed lockdowns in first half of 2020, several automotive brake pad manufacturers' demand and supply activities experienced significant drop. Also, significant drop in the vehicle sales hampered the brake system demand, and ultimately lowered the sale of automotive brake pads. From the beginning of the 2021, the automotive brake pad market started to regain its momentum and with significant space due to increasing demand of passenger vehicles from emerging countries. With growing automotive industry the brake pad manufacturers is regaining its pace with the resumption of operations at manufacturing units, which would boost the automotive brake pad market in the coming years.

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: [email protected]