Electric Vehicle Brake Pads Market Research Report, Demand, Industry Analysis, Share, Growth, Applications, Types and Forecasts Report 2028

The global Electric Vehicle (EV) brake pads market size reached USD 115.8 million in 2020 and is expected to register a revenue CAGR of 18.1% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of ceramic type EV brake pads is projected to continue to support market revenue growth between 2021 and 2028. In addition, rising demand for EVs is expected to drive revenue growth of the global market growth going ahead. Currently, rapid incline in demand for ceramic type brake pads as well as safety, better performance, and control are factors driving adoption of advanced electric vehicle brake pads. Manufacturers in various vehicle segments, including passenger cars and commercial vehicles, are rapidly adopting ceramic type brake pads in vehicles being produced. Ceramic type electric vehicle brake pads are produced from a variety of materials that offer sturdy structure, which helps to increase brake pad life by 30%. Unique parameters of ceramic type brake pads help in faster heat dissipation and also decreases chances of warping of rotor due to excess heating in braking systems.

The report throws light on the current economic landscape of this business vertical and evaluates the top market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts’ observations. It features insightful qualitative and quantitative assessments of the Electric Vehicle Brake Pads industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators.  The report delivers a deep understanding of the key aspects of the Electric Vehicle Brake Pads market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions. Thus, the report concludes with the essential market statistics presented in a tabular format to help readers get a clear idea of the global market dynamics.

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Our sample copy includes a brief analysis of the Electric Vehicle Brake Pads market, the List of Tables and Figures, the market’s competitive scenario and geographical segmentation, and product innovation and future developments based on a sought-after research methodology. Therefore, it serves as a comprehensive framework of the global Electric Vehicle Brake Pads market dynamics and comprises a critical study of consumers’ journeys, the current and emerging market avenues, and strategic initiatives undertaken by companies to enable readers to gain meaningful insights into the market.

Some Key Highlights From the Report

Ceramic segment is expected to account for fastest revenue CAGR during the forecast period due to its sturdy structure that helps in faster heat dissipation and lighter weight that positively impacts mileage of an electric vehicle.

Battery Electric Vehicle (BEV) segment is expected to register a significantly steady revenue share over the forecast period as customers are shifting rapidly towards battery operated vehicles due to affordable running and maintenance costs.

Asia Pacific is expected to account for largest revenue share among other regional markets in the global electric vehicle brake pads market over the forecast period. This is due to presence of international and domestic electric vehicle brake pad providers such as TRW Aftermarket Asia Pacific Pte Ltd., Akebono brake industry Co. ltd., and Aisin Aftermarket Corporation, among others in countries in the region.

Competitive Outlook:

The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Electric Vehicle Brake Pads market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.

Leading companies operating across the global Electric Vehicle Brake Pads market:

TRW Aftermarket Asia Pacific Pte Ltd., ATE Brakes (Continental Aftermarket & Services GmbH), Akebono brake industry co. ltd., BorgWarner Inc., Brembo S.p.A, Aisin Aftermarket Corporation, Bendix Corporation, Tenneco Inc., Robert Bosch GmbH, and EBC Brakes USA Inc.

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Emergen Research has segmented global electric vehicle brake pads market on the basis of type, propulsion type, vehicle type, sales channel, and region:

Type Outlook (Revenue, USD Million; 2018–2028)

Organic

Metallic

Ceramic

Propulsion Type Outlook (Revenue, USD Million; 2018–2028)

Battery Electric Vehicle (BEV)

Plug-in Hybrid Electric Vehicle (PHEV)

Hybrid Electric Vehicle (HEV)

Vehicle Type Outlook (Revenue, USD Million; 2018–2028)

Passenger Cars

Commercial Vehicles

Sales Channel Outlook (Revenue, USD Million; 2018–2028)

Original Equipment Manufacturer (OEM)

Aftermarket

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Regional Outlook:

The report offers a comprehensive analysis of the current growth opportunities for various regions of the Electric Vehicle Brake Pads market. It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Electric Vehicle Brake Pads Market – Table of Contents:

Market Summary:

Product Outlook:

Production, by product type

Revenue, by product type

Price, by product type

Application Outlook:

Consumption, by application

Market Share, by application

Geographical Breakdown:

Production, by region

Revenue, by region

Consumption, by region

Manufacturers’ Overview:

Production Locations and Areas Served

Product Launch, Application, and Specification

Production, Revenue, Ex-factory Price, and Gross Margin

Key Businesses

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Contact Information:

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Visit for More Insights: https://www.emergenresearch.com/insights

Explore Our Custom Intelligence services | Growth Consulting Services

 

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