Global Brake Pad Set Market Overview:
A brake pad is a thin block that presses onto the disk in a disk brake to make a vehicle go stop or slower. Brake pads are the most sensitive friction part in a braking system, between all the constraints from the brake discs and the piston of the calliper. Growing automotive industry worldwide is one of the major factor driving the growth of the market.
Growth Drivers
- Growing Automotive Industry Worldwide
- Stringent Government Regulations towards Safety and Security
Roadblocks
- The Availability of Counterfeit Brake Pad Products
Opportunities
- Inappropriate Road Conditions Leading To Replacements of Parts
Competitive Landscape:
Some of the key players profiled in the report are Nisshinbo Industries (Japan), Brembo (Italy), Akebono Brake Corporation (United States), ZF TRW (United States), TMD Friction Holdings (Germany), Federal-Mogul Corporation (United States), Continental (Germany), AC Delco (United States), EBC Brakes (United Kingdom), Robert Bosch (Germany), Delphi Automotive (Ireland) and Japan Brake (Japan). Analyst at AMA Research see United States and Japanese Vendors to retain maximum share of Global Brake Pad Set market by 2027. Considering Market by Sales Channel, the sub-segment i.e. OEM will boost the Brake Pad Set market.
Latest Market Insights:
On 5 March 2019, Automotive braking system components manufacturer Akebono Brake Corp. has expanded its portfolio, offering four Pro-Act and two Euro disc brake pad kits.
In September 2018, under its TRW brand, ZF Aftermarket introduced the first brake pad specifically designed for Electric Vehicles. With a staggering 97 % of the European electric car parc covered within months of launch, including Tesla and Nissan Leaf, demand is only set to increase. The program, known as Electric Blue, will be expanded with products for a hybrid that is already in the testing process.
What Can be Explored with the Brake Pad Set Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Brake Pad Set Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Brake Pad Set
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Brake Pad Set market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Brake Pad Set market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Brake Pad Set Manufacturers, Brake Pad Set Traders/Distributors, Brake Pad Set Importer/Exporter, Industry Associations, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.