Middle East and Africa Automotive Brake Pads Market

The MEA automotive brake pads market is expected to grow from US$ 33.32 million in 2021 to US$ 36.94 million by 2028; it is estimated to grow at a CAGR of 1.5% from 2021 to 2028.

The rise in demand for low-emission vehicles, coupled with supportive government regulations such as subsidies & tax rebates for adopting zero-emission vehicles, is a potential trend driving the market. As per the IEA data, in 2020, the electric car stock peaked the market with 10 million vehicle sales, a 43% increase from 2019. In electric vehicles (EVs), a regenerative-hydraulic hybrid braking system is used. In the event of applying the brake, regenerative braking torque offers the same deceleration rate as available in conventional vehicles, further, the hydraulic braking torque is applied. Electric vehicles are silent in operation, wherein the traditional brake pad creates noise, making it unfavorable for use in electric vehicles. Thus, the growing adoption of electric vehicles is further fueling the demand for advanced brake pads catering to the EV industry. For instance, in 2021, NRS Brakes specifically engineered the brake pads for hybrid or electric vehicles using rust-resistant galvanized steel. In November 2021, NRS Brakes, a leading manufacturer of EV brake pads, expanded its line of brake pads for all-electric and hybrid vehicles such as Tesla Model 3 and Ford Mustang Mach-E. Thus, such trends for developing brake pads for the EV industry are fueling the market outlook across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA automotive brake pads market. The MEA automotive brake pads market is expected to grow at a good CAGR during the forecast period. 

MEA Automotive Brake Pads Market Revenue and Forecast to 2028 (US$ Million)
    

 MEA Automotive Brake Pad Market Segmentation           

The MEA automotive brake pad market is analyzed based on material type, vehicle type, and country. Based on material type, the market is segmented into metallic brake pads, semi-metallic brake pads, ceramic brake pads, asbestos brake pads, and non-asbestos organic brake pads. The non-asbestos organic brake pads segment dominated the market in 2020, and the semi-metallic brake pads segment is expected to be the fastest-growing during the forecast period. Based on vehicle type, the market is segmented into commercial vehicle and passenger car. The passenger cars segment dominated the market in 2020 and is expected to grow faster during the forecast period. Based on country, the MEA automotive brake pad market is segmented into the France, Germany, UK, Italy, Russia, and Rest of Europe. ACDelco; AKEBONO BRAKE INDUSTRY CO., LTD.; Brake Parts Inc. LLC.; Brembo S.p.A.; Hebei Huahua Friction Material CO., Ltd.; Robert Bosch GmbH; SANGSIN BRAKE; Util Industries S.p.A; and ZF Friedrichshafen AG are among the leading companies in the MEA automotive brake pad market. 

Middle East and Africa Automotive Brake Pads Market Strategic Insights

Middle East and Africa Automotive Brake Pads Market Segmentation Analysis

Middle East and Africa Automotive Brake Pads Market Report Highlights

Middle East and Africa Automotive Brake Pads Report Scope

Middle East and Africa Automotive Brake Pads Market Country and Regional Insights