Market Share of Automotive Brake Pad Industry
The automotive brake pad market is primarily dominated by key players such as ITT Inc., Brembo S.p.A., 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. This market exhibits moderate consolidation due to the presence of a select few manufacturing companies.
These market leaders are heavily investing in research and development to integrate state-of-the-art technology into their products, consistently introducing upgraded offerings to maintain their competitive edge.
- For instance, in 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
Brembo S.p.A.
Akebono Brake Company
Tenneco Inc.
ITT Inc.
Nisshinbo Brake Inc
*Disclaimer: Major Players sorted in no particular order
