How big is the Automotive Brake Pad Market?

The Automotive Brake Pad Market size is expected to reach USD 17.32 billion in 2024 and grow at a CAGR of 3.5% to reach USD 20.57 billion by 2029. Read More

What is the current Automotive Brake Pad Market size?

In 2024, the Automotive Brake Pad Market size is expected to reach USD 17.32 billion. Read More

Who are the key players in Automotive Brake Pad Market?

Brembo S.p.A., Tenneco Inc., ITT Inc., Nisshinbo Holdings Inc., and Akebono Brake Industry Co., Ltd. are the major companies operating in the Automotive Brake Pad Market. Read More

Which is the fastest growing region in Automotive Brake Pad Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Brake Pad Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Brake Pad Market. Read More

What years does this Automotive Brake Pad Market cover, and what was the market size in 2023?

In 2023, the Automotive Brake Pad Market size was estimated at USD 16.71 billion. The report covers the Automotive Brake Pad Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Brake Pad Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Automotive Brake Pad Market Share

Statistics for the 2023 & 2024 Automotive Brake Pad market share, created by Mordor Intelligence™ Industry Reports. Automotive Brake Pad share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Brake Pad Industry

The automotive brake pad market is primarily dominated by key players such as ITT Inc., Brembo SpA, ADVICS, Beijing Delphi Wanyuan Engine Management Systems Co. Ltd, BorgWarner Shanghai Automotive Fuel Systems Co. Ltd, Robert Bosch GmBH, Delphi Technologies, Tenneco Inc., Akebono Brake Company, and EBC Brakes, among others. Few manufacturing companies dominate this market and invest heavily in research and development to integrate state-of-the-art technology into their products, consistently introducing upgraded offerings to maintain their competitive edge.

September 2023: Brembo SpA announced a strategic initiative to meet the increasing demand for carbon ceramic brake discs in passenger cars and commercial vehicles. As part of the plan, Brembo SGL Carbon Ceramic Brakes (BSCCB) invested a whopping USD 169.5 million by 2027 to expand production capacities by 70% at its Meitingen, Germany, and Stezzano, Italy facilities.
May 2023: Robert Bosch GmbH launched the new Elite brake pads specifically tailored for the TVS Apache. These cutting-edge pads boast a stripe-coating infused with the proprietary ABRACOAT technology.
March 2023: Brakes India introduced ZAP brake pads, leveraging superior friction technology specifically designed for electric vehicles. These pads not only offer better corrosion protection but also ensure silent braking, catering directly to the needs of battery-powered.