PUBLISHER: Grand View Research | PRODUCT CODE: 1363027
PUBLISHER: Grand View Research | PRODUCT CODE: 1363027
India Brake Pads Market Size, Share & Trends Analysis Report By Vehicle Type (Two-wheeler, Three-wheeler), By Position Type, By Sales Channel, By Material, And Segment Forecasts, 2023 - 2030
India Brake Pads Market Growth & Trends:
The India brake pads market size is expected to reach USD 2.25 billion by 2030, registering a CAGR of 6.1% from 2023 to 2030, according to a study conducted by Grand View Research, Inc.. The market growth is attributed to factors such as the increasing use of materials such as semi-metallic and ceramic for manufacturing brake pads, growing awareness for driver safety, and growing traction towards electric vehicles. Government policy to support the growth of the Indian automotive industry, such as subsidies to manufacture automotive components and develop a robust supply chain with domestic manufacturers coupled with the development of metal-free, sustainable, and eco-friendly brake pads, is expected to create new growth avenues for the market growth.
Another factor driving the India brake pads market includes government mandates to include safety features such as antilock brakes, electronic stability control systems, traction control, and collision prevention safety features in passenger and commercial vehicles. The rise in road accidents nationwide highlights the importance of brake pads in vehicles. The government mandates for installing vehicle safety features are prompting manufacturers to develop brake pads equipped with sensors to induce faster response towards emergency braking and reduce road accidents and related fatalities, which is expected to support the market growth.
The material segment in market is experiencing new growth opportunities owing to the development of brake pads using asbestos-free brake pads. Brake pads include asbestos as a component in manufacturing brake pads, which is harmful and may cause life-threatening diseases. Efforts have been made to develop brake pads with natural materials such as flour, bamboo fiber, shell powder, and coconut fiber, which is augmenting the market growth. International and domestic manufacturers are also developing brake pads from jute fiber and steel fiber-reinforced polymer composite, offering reduced noise, low wear rate, high strength, and high friction coefficient.
Manufacturers operating in market for India brake pads are prioritizing developing their technical expertise in terms of brake pad materials and friction technologies, automating their manufacturing processes, and improving the quality of their products. Likewise, the manufacturers are focusing on expanding their market and geographical presence within the OEM and aftermarket. Major OEMs such as Endurance Technologies Limited are targeting potential markets in tier 2 and tier 3 cities.
India Brake Pads Market Report Highlights:
- Three-wheeler segment is expected to witness significant growth owing to its popularity as an affordable and efficient intra-city commuting vehicle coupled with growing traction towards electric three-wheelers for last-mile delivery services, prompting manufacturers to develop three-wheeler-specific brake pads
- The rear position segment is expected to witness segmental growth over the forecast period. The factors such as the ability to provide stability and prevent rollover, spinout, and skidding contribute to segmental growth. The industry players are launching new products and providing customized brake pads for commercial vehicles and SUVs
- The aftermarket segment is expected to witness growth during the forecast period; growth is attributed to the brake pad manufacturers expanding their footprint by launching products specifically for aftermarket services. Moreover, OEMs are also partnering with suppliers and aftermarket part sellers through suppliers and distributors schemes
- Non-asbestos Organic (NAO) segment is expected to witness segmental growth owing to increasing demand for alternative eco-friendly materials to develop brake pads. The growing concerns over the environment and the faster reduction in brake pad layer brake pads are encouraging manufacturers to research different alternative materials to enhance the life span and efficiency of the brake pads
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Information Procurement
- 1.2.1. Purchased database.
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third - party perspectives
- 1.2.4. Primary research
- 1.3. Information Analysis
- 1.3.1. Data Analysis Models
- 1.4. Market Formulation & Data Visualization
- 1.5. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. India Brake Pads Market Snapshot, 2022 & 2030
- 2.2. Vehicle Type Segment Snapshot, 2022 & 2030
- 2.3. Position Type Segment Snapshot, 2022 & 2030
- 2.4. Sales Channel Segment Snapshot, 2022 & 2030
- 2.5. Material Segment Snapshot, 2022 & 2030
- 2.6. Competitive Segment Snapshot, 2022 & 2030
Chapter 3. India Brake Pads Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. India Brake Pads Market - Value Chain Analysis
- 3.3. India Brake Pads Market - Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. India Brake Pads Market - Porter's Analysis
- 3.4.2. India Brake Pads Market - PESTEL Analysis
Chapter 4. India Brake Pads Market Vehicle Type Outlook
- 4.1. India Brake Pads Market Share by Vehicle Type, 2022 & 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
- 4.2. Two-Wheeler
- 4.2.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
- 4.3. Three-Wheeler
- 4.3.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
- 4.4. Passenger Vehicle
- 4.4.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
- 4.5. Commercial Vehicle
- 4.5.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
Chapter 5. India Brake Pads Market Position Type Outlook
- 5.1. Front
- 5.1.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
- 5.2. Rear
- 5.2.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
Chapter 6. India Brake Pads Market Sales Channel Outlook
- 6.1. OEM
- 6.1.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
- 6.2. Aftermarket
- 6.2.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
Chapter 7. India Brake Pads Market Material Outlook
- 7.1. Semi-metallic
- 7.1.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
- 7.2. Non-asbestos Organic (NAO)
- 7.2.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
- 7.3. Low-metallic NAO
- 7.3.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
- 7.4. Ceramic
- 7.4.1. Market Estimates and Forecast, 2018 - 2030 (Revenue, USD Million; Volume, Units 2018 - 2030)
Chapter 8. Competitive Landscape
- 8.1. Company Characterization (Mature Players, Emerging Players)
- 8.2. Company Market Ranking/Share Analysis, 2022
- 8.3. Company Heat Map Analysis
- 8.4. Strategy Mapping
- 8.5. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
- 8.5.1. Allied Nippon Private Limited
- 8.5.2. ASK Automotive Pvt. Ltd.
- 8.5.3. Brakes India Private Limited
- 8.5.4. Brembo Brake India Pvt. Ltd.
- 8.5.5. Ceratech Friction Composites
- 8.5.6. Endurance Technologies Limited
- 8.5.7. Makino Auto Industries Pvt. Ltd.
- 8.5.8. Masu Brake Pads Pvt.Ltd
- 8.5.9. Rane Holdings Limited
- 8.5.10. Sagestics BRAKES
List of Tables
- Table 1 India Brake Pads Market - Industry snapshot & key buying criteria, 2018 - 2030
- Table 2 India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 3 India Brake Pads Market, by Vehicle Type, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 4 India Brake Pads Market, by Position, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 5 India Brake Pads Market, by Sales Channel, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 6 India Brake Pads Market, by Material, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 7 Vendor landscape
- Table 8 Two-Wheeler India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 9 Three-Wheeler India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 10 Passenger Vehicle India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 11 Commercial Vehicle India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 12 Front India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 13 Rear India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 14 OEM India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 15 Aftersales India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 16 Semi-metallic India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 17 Non-asbestos Organic (NAO) India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 18. Low-metallic NAO India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
- Table 19. Ceramic India Brake Pads Market, 2018 - 2030 (Revenue, USD Million; Volume, Units)
List of Figures
- Fig. 1 Market segmentation and scope
- Fig. 2 India Brake Pads Market, 2018 - 2030 (USD Million)
- Fig. 3 India Brake Pads Market - Value chain analysis
- Fig. 4 India Brake Pads Market - Market dynamics
- Fig. 5 India Brake Pads Market - Key Market driver impact
- Fig. 6 India Brake Pads Market - Key Market restraint impact
- Fig. 7 India Brake Pads Market - Key opportunities prioritized.
- Fig. 8 India Brake Pads Market - Porter's five forces analysis
- Fig. 9 India Brake Pads Market - PESTEL analysis
- Fig. 10 India Brake Pads Market, by Vehicle Type, 2022
- Fig. 11 India Brake Pads Market, by Position, 2022
- Fig. 12 India Brake Pads Market, by Sales Channel, 2022
- Fig. 13 India Brake Pads Market, by Material, 2022
- Fig. 14 India Brake Pads Market - Regional takeaways
- Fig. 15 India Brake Pads Market - Key takeaways
