Two Wheeler Brake Pads Market Key Companies Profile and SWOT Analysis by 2031

MARKET OVERVIEW

Conventional brake pads, which are made from aramid fibers consist of a large amount of particulate matter, which harms the environment. Growing awareness about pollution levels among consumers and strict emission norms have driven OEMs to develop eco-friendly brake pads made from natural fibers such as hemp. The two wheeler brake pads are lightweight, low cost, and pollution-free. Moreover, they have the same performance features as that of sintered metal brake pads and other brake pads. Manufacturing of brake pads need a material that have high co-efficient of friction. Major development of the two-wheeler brake pads market is attributed to surge in the demand for effective braking at high speeds.

MARKET SCOPE

The "Global Two Wheeler Brake Pads Market Analysis to 2031" is a specialized and in-depth study of the two wheeler brake pads market with a special focus on the global market trend analysis. The report aims to provide an overview of two wheeler brake pads market with detailed market segmentation by type, friction product, electronically driven. The report provides key statistics on the market status of the leading two wheeler brake pads market players and offers key trends and opportunities in the two wheeler brake pads market.

MARKET SEGMENTATION

•   The global two wheeler brake pads market is segmented on the basis of type, friction product, electronically driven.
  
•   On the basis of type, the market is segmented as disc, drum.
  
•   On the basis of friction product, the market is segmented as disc pad, rotor, brake shoe, brake lining.
  
•   On the basis of electronically driven, the market is segmented as electrically driven, non-electric.
  

MARKET DYNAMICS

Drivers:

•   increasing demand for two-wheelers.
  
•   High fuel efficiency.
  

Restraints:

•   Noisier than other brakes.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The two wheeler brake pads market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the two wheeler brake pads market in these regions.

IMPACT OF COVID-19 ON TWO WHEELER BRAKE PADS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the two wheeler brake pads market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Two wheeler brake pads market market are anticipated to lucrative growth opportunities in the future with the rising demand for Two wheeler brake pads market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the two wheeler brake pads market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Allied JB Friction Private Limited (Hitachi Automotive)
  
•   Brakes India Ltd
  
•   Brembo S.P.A.
  
•   Continental AG
  
•   FTE Automotive
  
•   N K Minda Group
  
•   Nissin Kogyo Co, Ltd.
  
•   Rane Holdings Limited
  
•   Robert Bosch GmbH
  
•   Sandhar Technologies Limited
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Two Wheeler Brake Pads Report Scope