Electric Vehicle (EV) Brake Pads Market Overview Highlighting Major Drivers, Trends, Growth and Demand Report 2021- 2028

Rising demand for electric vehicles as well as for safety, better performance, and control, and rapid urbanization are key factors driving market revenue growth

The Electric Vehicle (EV) Brake Pads Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Electric Vehicle (EV) Brake Pads market. The report offers in-depth research and assessment of the key elements of the global Electric Vehicle (EV) Brake Pads market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Electric Vehicle (EV) Brake Pads market.

 

Rising demand for electric vehicles as well as for safety, better performance, and control, and rapid urbanization are key factors driving market revenue growth

Manufacturers in various vehicle segments, including passenger cars and commercial vehicles, are rapidly adopting ceramic type brake pads in vehicles being produced. Ceramic type electric vehicle brake pads are produced from a variety of materials that offer sturdy structure, which helps to increase brake pad life by 30%. Unique parameters of ceramic type brake pads help in faster heat dissipation and also decreases chances of warping of rotor due to excess heating in braking systems. However, concerns regarding challenges in noise cancellation are expected to restrain market revenue growth to a certain extent during the forecast period.

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Some major companies included in the global market report are TRW Aftermarket Asia Pacific Pte Ltd., ATE Brakes (Continental Aftermarket Services GmbH), Akebono brake industry co. ltd., BorgWarner Inc., Brembo S.p.A, Aisin Aftermarket Corporation, Bendix Corporation, Tenneco Inc., Robert Bosch GmbH, and EBC Brakes USA Inc.

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Some Key Highlights From the Report

Ceramic segment is expected to account for fastest revenue CAGR during the forecast period due to its sturdy structure that helps in faster heat dissipation and lighter weight that positively impacts mileage of an electric vehicle.

Battery Electric Vehicle (BEV) segment is expected to register a significantly steady revenue share over the forecast period as customers are shifting rapidly towards battery operated vehicles due to affordable running and maintenance costs..

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It offers key details about the recent product launches, technological advancements, supply and demand ratio, and regulatory framework. The report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2021-2028.

Emergen Research has segmented global electric vehicle brake pads market on the basis of type, propulsion type, vehicle type, sales channel, and region:

Type Outlook (Revenue, USD Million; 2018–2028)

Organic

Metallic

Ceramic

Propulsion Type Outlook (Revenue, USD Million; 2018–2028)

Battery Electric Vehicle (BEV)

Plug-in Hybrid Electric Vehicle (PHEV)

Hybrid Electric Vehicle (HEV)

Vehicle Type Outlook (Revenue, USD Million; 2018–2028)

Passenger Cars

Commercial Vehicles

Sales Channel Outlook (Revenue, USD Million; 2018–2028)

Original Equipment Manufacturer (OEM)

Aftermarket

Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Electric Vehicle Brake Pads market

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