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Global Automotive Brake Pads Market 2021: By End-User (Automotive industry, Metal industry, Electronics industry), By Solutions (Hardware and software solutions, Service)The Global The Global Automotive Brake Pads market size was valued at USD $10.65 Billion in 2020, USD $11.35 Billion in 2021, forecasted to reach USD $12.08 Billion in 2022, and is projected to reach USD $19.99 Billion by 2030, and is anticipated to expand at a CAGR of 6.5% over the forecast period from 2020 to 2030.
OverviewBrake pads are an integral part of the disc braking system for automotives. When the brake pedal is engaged, the brake pads press against the running disc in order to stop its motion and halt the vehicle. Brake pads are essentially made of materials that possess a high co-efficient of friction. While the braking system in traditional powertrains works to provide appropriate deceleration and short stopping distances, battery-electric vehicles, hybrid and plug-in hybrid vehicles are mainly decelerated by recuperation, largely using the electric motor. When brakes are applied, silent braking performance is key to driver and passenger comfort as there is no engine noise. Reduced use of the brakes can also result in rotor corrosion and rust on the brake discs, which needs to be removed quickly to ensure proper braking performance. Additionally, there has to be sufficient friction power available for emergency braking purposes to ensure short stopping distances to comply with safety requirements. Keeping this mind, Tenneco introduced advanced original equipment (OE) hybrid friction material composites that simultaneously serve braking performance and comfort requirements in both internal combustion engine (ICE) and electric vehicles (EVs). The innovative new hybrid friction material combines the advantages of low steel (LS) and non-asbestos-organic (NAO) composites in one concept for brake pads. The new hybrid friction material is productes at Tenneco´s OE Braking facility in Chongqing, China. Additionally, several projects are in the testing and evaluation phase in Europe. With UK declaring all new conventional petrol and diesel cars and vans are set to be banned from sale in 2030. New hybrids will be given a stay of execution until 2035, on the condition they are capable of covering a "significant distance" in zero-emission mode. Additionally, The EU has proposed an effective ban on fossil fuel cars from 2035 as part of a broader package of measures to combat global warming. As part of Clean Air Strategy, there is concern in generation of generation of ultra-fine particles up to 2.5 micrometres in diameter that are particularly damaging to health. There are some manufacturers who have already released products which are successfully reducing brakedust upto 90%. For e.g. The iDisc is made of cast iron as usual but then it’s heat and galvanically treated before being tungsten carbide coated. The iDisc lasts twice as long and reduces brake dust by 90%. Recently, Brembo announced its Greentive brake disc, which is much the same, with a tungsten carbide coating applied using the high-velocity oxy-fuel (HVOF) process. HVOF works by adding powdered coating material (in this case, tungsten carbide) to a stream of very hot gas and blasting the surface of the disc with it. Both of these solutions cost more than a standard disc but give better braking performance, look shiny and nice and largely stop the wheels getting covered in black brake dust. The cost is offset by extended life and, reports suggest Greentive can last for over 90,000 miles. Costs will fall with volume, too, and hopefully it’s a technology that can percolate down to the cheapest cars. In April 2022, ITT Inc. announced its investment in HPL Technologies (HPL), a German-based technology start-up leading the rotor coating market. HPL’s WECODUR® technology, combined with ITT Motion Technologies brake pads designed specifically for hard-coated brake disks, will offer industry-leading and environmentally friendly performance and durability. The investment will help HPL Technologies accelerate further the high-scale industrialization of laser cladding and grinding machines for brake rotors. The technology will play a key role in helping to achieve future emissions requirements for high-performance brakes. The combination of WECODUR® technology on brake rotors and our brake pads will offer the best performance and durability while reducing fine-dust emissions from brake systems. It also paves the way for further innovations such as lighter weight braking systems, a critical functionality for electric vehicles. Brembo (Italy) has a launched new range which is completely dedicated to electric vehicles. The new Beyond EV Kit consists of specially coated discs and innovative brake pads, substantially enhancing Brembo’s Aftermarket offer for electric cars. The solution is derived directly from original-equipment heritage and expertise, have been specifically designed to combine low environmental impact with top notch performance and safety. The Brembo Beyond EV Kit includes a new EV disc and EV pad range, tailor-made for the most popular electric cars on the market. The new components are quieter and more resistant to oxidation and therefore last longer, advantages that all contribute to sustainability. A double-protective treatment helps to prevent corrosion of the entire kit and adds brilliance and appealing aesthetics to the discs. Furthermore, a special copper-free friction material with a galvanized backing plate reduces both dust and road noise when braking. In 2019, Brembo, devised a new method to manufacture brake pads. In this method the friction and composite materials were co-molded, producing a complete brake pad in a single step. New machines and tooling had been developed for this purpose, which led to a completely automated process that reduced the product's manufacturing time. As a result the new pad delivered a weight reduction of up to 60 percent. At the same time it completely eliminated corrosion in the caliper housing and reduced thermal conductivity, ensuring the highest safety while parking and during emergency braking, under all road conditions. In the pre-covid era, the 2-wheeler industry was declining in the North side of the earth, with young people living in North America, Europe, Japan, Korea were less interested in 2 wheelers compared with the previous generations, apart from the “need” to use scooter to avoid traffic jam in metropolitan areas with poor public transportation (in Italy, Spain, Mexico and others). In this area the market was steadily declining. The Covid19 represented a huge change and the two wheelers have been discovered again as the best for individual mobility, even in those locations with high quality public transportations and the market started to grow up, in all segments. In Europe, Germany will add more than 517.7 thousand units of motorcycles, scooters and mopeds within the next 5-6 years. Motorcycles, scooters and moped market across the world is likely to grow to 62.6 million units by 2025 at a Compound annual growth rate (CAGR) of 3.7 percent. The number of two-wheelers across the world will grow by 14.2 million units. China, the second largest motorcycle market in the world, would see the growth of the two-wheeler sales at a CAGR of 5.8 percent in the coming 2 years and adding around 3.9 million units. Currently, the Chinese market volume is 16.3 million units, second to India that sells around 18.5 million units. The Indian two-wheeler market that was 21.19 million in sales volume in 2019, is forecasted to expand at a CAGR of 7.33 percent to 24.89 million units by 2024. Ola an India based company, valued at USD 5 billion, has built a Futurefactory in Tamil Nadu claiming 10 million production electronic scooter capacity and over 3000 robots. In 2020, The scientists, primarily funded by the Medical Research Council (MRC), part of UK Research and Innovation, suggested that particulate pollution from brake wear could be contributing to increased susceptibility to airway infections and other negative effects on respiratory health. It is estimated that only 7% of PM2.5 pollution from traffic comes from tail pipe exhaust fumes at roadside sites – the rest comes from sources such as tyre, clutch and brake wear, as well as the resuspension of road dust. Brake dust is the source of approximately 20% of total PM2.5 traffic pollution. It was also observed that around 35% of brake pad mass lost from braking ends up airborne with around 18% of particulate matter being carbonaceous making it a risk to both human health and the environment. Brake pads manufacturers need to meet and exceed the EPA standard for the use of copper and other materials in brake pads, surpassing the standard of <5 percent by weight in 2021 and 0.5 percent by 2025. Counterfeit auto parts are a growing concern especially in poor and developing countries. Africa aftercare car sector is valued at USD $30 Billion, where only South Africa is a mature market with reliable auto part industry and in stark contrast Nigeria has 90% preowned cars and with scarcity of reliable and trained mechanics which creates a lot of room for manipulation. The fake automobile parts market will continue to thrive as consumers' affordability is threatened by a decline in Africa’s economic climate. Counterfeits are becoming an ever-greater threat in the brake industry. They often contain prohibited materials such as asbestos or do not offer the same performance or comfort as original brake pads. Poor brake performance can quickly lead to road traffic accidents. Manufacturers have to devise mechanism to prevent tamper evidence and provide authentication of manufacturers brake parts to consumers as its key to its brand protection. TMD Friction, a provider of brake technology to the automotive industry, has taken the lead by incorporating tamper evident labels from security printing specialist Eltronis, in an effort to better protect its customers from a rise in counterfeit goods. Another leading manufacturer BREMBO to prevent tampering has started using a label which is made using a printing and application procedure which prevents it from being removed; if an attempt to remove it is made, the action damages the QR Code making it unusable. In this way, the label cannot be detached and cannot be affixed to any other products other than the original one.
DynamicsAutomobile companies are equipping vehicles with advanced disc brakes to allow for an efficient braking system to ensure the safety of the driver and passengers of a vehicle. This is a major factor that is contributing to the growth of the automotive brake pads market over the coming years. When compared to drum brakes, disc brakes generate lesser heat and enables better control. Owing to the generation of lesser heat, the service life of these brakes are extended. Furthermore, these brakes generate lower frequency sounds and lesser vibration, which, in turn, is expected to increase the demand for disc brakes, fueling this markets growth. The production of vehicles is rising across the globe and this is expected to further surge the automotive brake pads markets growth. Technological advancements, as well as the development of an environment friendly & lightweight braking system, will open new avenues for the target market. Pad manufacturers are focusing on developing products by incorporating advanced friction materials to ensure enhanced vehicle control. Restraints: However, increasing prices of raw materials are expected to restrain market growth to some extent.
Segment AnalysisBy Vehicle: The PCV segment is expected to account for the majority revenue share over the coming years. Furthermore , rising passenger car sales across the globe By Material: The ceramic automotive brake pads segment is expected to register high growth rate over the next 10 years. Factors such as performance consistency and high stability irrespective of temperature range is driving growth of the segment. By Sales Channel: The OEM segment is projected to account for major revenue share in automotive in the coming years. The original equipment manufacturers are improving product features to reduce noise and offer better friction so as to enhance vehicle performance. By Position : Front automotive brake pads market size will witness momentous growth with its installation to ensure proper braking distance between vehicles. The front braking system provides around 70% braking power to control vehicle movement. Large surface area for improved friction and braking performance along with wide heat capacity range will further drive the product demand in next six years.
Global Automotive Brake Pads Market Regional Analysis:The market in Asia Pacific is expected to account for majority revenue share over the forecast period owing to increasing demand for two-wheelers in the region. Increasing diposable income among consumers has led to growth of adoption of vehicles in the region. In addition, companies such as Hitachi Chemical Co Ltd., Hangzhou Henli Friction Material Co and Sangsin Brake Co Ltd Ltd are present in the region which provides a boost to the production of vehicles and growth opportunities for the market in the region. The market in Europe is projected to account for significant growth over the next 10 years. This growth is attributed to increase in the production and adoption of high-performance vehicles. Furthermore, issuance of orders by government bodies to install disc brakes is expected to support market growth in the region. For example, in 2013 mandates were given by the European Commission (EC) to install anti-lock braking systems in motorcycles for promoting road safety and avoiding fatal accidents. Moreover, presence of major automotive companies such as Volkswagen, Daimler AG, and BMW, in the region is expected to drive growth of the market in the region.
Below are the active patents related to Automotive Brake Pads Market.Patent Number: US7694555B2 Brake pad prognosis system Abstract A method for providing an estimate of brake pad thickness. The method employs fusion of sensors, if used, and driver brake modeling to predict the vehicle brake pad life. An algorithm is employed that uses various inputs, such as brake pad friction material properties, brake pad cooling rate, brake temperature, vehicle mass, road grade, weight distribution, brake pressure, brake energy, braking power, etc. to provide the estimation. The method calculates brake work using total work minus losses, such as aerodynamic drag resistance, engine braking and/or braking power as braking torque times velocity divided by rolling resistance to determine the brake rotor and lining temperature. The method then uses the brake temperature to determine the brake pad wear, where the wear is accumulated for each braking event. A brake pad sensor can be included to provide one or more indications of brake pad thickness from which the estimation can be revised. Type: Grant Filed: 2008-02-25 Date of Patent: 2010-04-13 Assignee : GM Global Technology Operations LLC
Below are the leading companies profiled in this Automotive Brake Pads Market Report:
|May 2022||Acquisition||Meritor, Inc. announced that it has entered into an agreement with Siemens to acquire its Commercial Vehicles business for approximately €190 million in cash. Siemens Commercial Vehicles business offers capabilities and technology that will enhance their ability to offer superior electric solutions to the global commercial vehicle market.|
|April 2022||Product Launch||Tenneco is introducing advanced OE hybrid friction material composites that will simultaneously serve braking performance and comfort requirements in both internal combustion engine (ICE) and electric vehicles (EVs). The new hybrid friction material will combine the advantages of low steel (LS) and non-asbestos-organic (NAO) composites in one concept for brake pads. The unique hybrid composite material is expected to cover a range of different market demands with a single approach and is particularly suited to the growing range of electric and electrified vehicles.|
|Feb 2022||Acquisition||Cummins Inc. and Meritor, Inc. announced that they have entered into a definitive agreement under which Cummins will acquire Meritor by paying $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash. The integration of Meritor’s people, technology and capabilities will position Cummins as one of the few companies able to provide integrated powertrain solutions across combustion and electric power applications. As demand for decarbonized solutions accelerates, Cummins believes eAxles will be a critical integration point within hybrid and electric drivetrains. By accelerating Meritor’s investment in electrification and integrating development within its New Power business, Cummins expects to deliver market-leading solutions to global customers.|
|Feb 2022||Acquisition||Tenneco entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo (the Apollo Funds) in an all-cash transaction with an enterprise valuation of approximately $7.1 billion, including debt.|
|Oct 2021||Expansion||Rane Brake Lining Ltd. (RBL), headquartered in Chennai, India, announced the expansion into the North American market to service the braking needs of the commercial vehicle and passenger vehicles. They are positioning them as a reliable partner to control ongoing costs and eliminate barriers that lead to a path forward for integration of new product technologies for disc brakes and brake linings. Company seeks to target commercial and medium duty vehicles in the USA market.|
|Jul 2021||New Product Launch||Bosch released 38 high quality braking parts. These parts include the Bosch Police Pursuit brake pads(QuietCast Premium Disc Brake Pads), which meet the demanding needs of law enforcement—ensuring safety, reliability and consistent stopping power in any condition. These brakepads are fitted with the industry's best pre-attached rubber-core shims that ensure the highest quality of bonding between rubber and steel resulting in lower noise, increased strength, and outstanding corrosion resistance. This shim style is exclusively offered by Bosch as this is the most predominant type used by OE manufacturers. Also released were the Bosch Blue Disc Brake Pads, which feature multi-layer shims for superior noise dampening. New releases cover late-model Asian and Domestic vehicles.|
|Jul 2021||New Site||Under the mega industrial Greater Noida Industrial Development Authority scheme Allied Nippon Pvt Ltd which was allotted 10 acres (4,0474 sqm) in sector Ecotech 10 and will invest USD $32 Million. This will be an export oriented unit (EOU).|
|June 2021||Product Launch||Akebono Brake Corporation added front brake coverage for a variety of Toyota and Lexus vehicles in the ProACT Ultra-Premium Disc Brake Pad line. Kit will also include Premium 301 Stainless Steel Abutment Hardware.|
|Dec 2020||Acquisition||First Brands Group has acquired Centric® Parts, a leading manufacturer and supplier of replacement brake components, whose labels include Centric®, C-TEK®, Posi Quiet®, and StopTech®.|
|Dec 2020||Strategy||ADVICS has officially launched its ADVICS North America Aftermarket Facebook page. They intend to use this platform to provide automotive service professionals in the U.S. and Canada with rich technical content, product information, photos, articles and more, focused on ADVICS automotive brake pads, brake rotors, friction technology and the entire ADVICS product family. The Facebook page will feature tech tips, technical articles, videos, product and installation information, company news, high-quality photography and more, as it serves as a hub for technicians, independent service shop owners, distributors, and jobbers.|
Chapter 1 Methodology and Scope