Automotive Brake Pad Market Share, Size, and Trends by 2031
Automotive Brake Pad Market: Strategic Insights
Automotive Brake Pad Market
-
CAGR (2023 - 2031)4.6% -
Market Size 2023
US$ 2,821.77 Million -
Market Size 2031
US$ 4,034.09 Million
Market Dynamics
GROWTH DRIVERS
- Rising sale of the electric vehicles around the globe drives the market growth
FUTURE TRENDS
- increasing uptake of super charging cables and connectors driving the trend in the market
OPPORTUNITIES
- Government Regulations for Enhanced Vehicle Safety Systems and E-mobility
Key Players
- Coroplast Fritz M ller Gmbh Co Kg
- Fujikura Ltd
- Furukawa Electric Co Ltd
- Motherson Sumi Systems Ltd
- Nexans Autoelectric GmBh
- Sinbon Electronics Co
- Ltd
- Sumitomo Electric Industries
- Ltd
- THB Group
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Vehicle Type
- Plug-in Hybrid Electric Vehicles
- Battery Electric Vehicles
- Hybrid Electric Vehicles
- Fuel Cell Battery Electric Vehicles
Product Type
- High Voltage Wiring Harness and Medium to Low Voltage Wiring Harness
Material Type
- Copper-Clad Wire
- Aluminium Alloy Wire
- Glass Optical fibre
- Plastic Optical Fiber