Market Share of Automotive Brake Pad Industry
The automotive brake pad market is primarily dominated by key players such as ITT Inc., Brembo SpA, ADVICS, Beijing Delphi Wanyuan Engine Management Systems Co. Ltd, BorgWarner Shanghai Automotive Fuel Systems Co. Ltd, Robert Bosch GmBH, Delphi Technologies, Tenneco Inc., Akebono Brake Company, and EBC Brakes, among others. Few manufacturing companies dominate this market and invest heavily in research and development to integrate state-of-the-art technology into their products, consistently introducing upgraded offerings to maintain their competitive edge.
- September 2023: Brembo SpA announced a strategic initiative to meet the increasing demand for carbon ceramic brake discs in passenger cars and commercial vehicles. As part of the plan, Brembo SGL Carbon Ceramic Brakes (BSCCB) invested a whopping USD 169.5 million by 2027 to expand production capacities by 70% at its Meitingen, Germany, and Stezzano, Italy facilities.
- May 2023: Robert Bosch GmbH launched the new Elite brake pads specifically tailored for the TVS Apache. These cutting-edge pads boast a stripe-coating infused with the proprietary ABRACOAT technology.
- March 2023: Brakes India introduced ZAP brake pads, leveraging superior friction technology specifically designed for electric vehicles. These pads not only offer better corrosion protection but also ensure silent braking, catering directly to the needs of battery-powered.
Automotive Brake Pad Market Leaders
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Brembo S.p.A.
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Tenneco Inc.
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ITT Inc.
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Nisshinbo Holdings Inc.,
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Akebono Brake Industry Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
