Global Electric Vehicle Brake Pads Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3995/- USD | Published Date: July 31, 2021 |

The global electric vehicle brake pads market size is anticipated to register a robust CAGR of over 17% during the forecast period 2021 to 2027 and is estimated to reach over USD 300 million by 2027. The increasing adoption of electric vehicles coupled with the increasing demand for safety, better control, and better performance is a primary factor to drive the market growth. Increasing government regulation and policies encouraging customers to use electric vehicles is expected to further increase the demand for the product. Moreover, the rising research and development in eco-friendly material used in brake pads are expected to provide opportunities in the market.

Market Segment Insights:

The global electric vehicle brake pads market is bifurcated into type, propulsion type, vehicle type, distribution channel, and geography. On the basis of type, the market is further segmented into organic, metallic, and ceramic. The metallic segment is accounted to hold the largest revenue share of the market in 2020 and is expected to grow at the same trend over the forecast period. The segment growth is attributed to its better braking power in a wide range of temperatures. Furthermore, metals are such excellent hot conductors; they can retain more heat, which helps the braking system to cool down faster.

On the basis of propulsion type, the global electric vehicle brake pads market is segmented into battery electric vehicles, plug-in hybrid vehicles, and hybrid electric vehicles. The battery-electric vehicle (BEV) segment is expected to grow at a significant growth rate over the forecast period due to the increasing adoption of BEV across the globe. The rapid growth in charging infrastructure and the declining prices of batteries is expected to increase the demand for BEV which is expected to drive the segment growth. Furthermore, the stringent government regulations regarding emission control is further expected to fuel the segment growth over the forecast period.

Electric Vehicle Brake Pads Market Size & Forecast

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The electric vehicle brake pads comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The electric vehicle brake pads market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Electric Vehicle Brake Pads Market Segmentation:

By Type:

  • Organic
  • Metallic
  • Ceramic

By Propulsion Type:

  • Battery Electric Vehicle (BEV)
  • Plug-In Hybrid Vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

By Distribution Channel:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the electric vehicle brake pads market report comprises dedicated sections centering on the regional market revenue and trends. The electric vehicle brake pads market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and the Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The electric vehicle brake pads market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Electric vehicle brake pads market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Market Competition Assessment:

Some of the major players operating in the global electric vehicle brake pads market are NRS Brakes, TRW Aftermarket, ATE Brakes, Akebono Brake Industry Co., Ltd., and BorgWarner. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • NRS Brakes
  • TRW Aftermarket
  • ATE Brakes
  • Akebono Brake Industry Co., Ltd.
  • BorgWarner
  • Brembo S.p.A.
  • Bendix Corporation
  • TENNECO INC.
  • Robert Bosch GmbH
  • EBC Brakes

Key Questions Answered by Electric Vehicle Brake Pads Market Report

  • Global electric vehicle brake pads market forecasts from 2021-2027
  • Regional electric vehicle brake pads market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Electric vehicle brake pads submarket forecasts from 2021-2027 covering the market by type, by propulsion type, by vehicle type, by distribution channel, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the electric vehicle brake pads market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level electric vehicle brake pads markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the electric vehicle brake pads market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Electric Vehicle Brake Pads Market Portraiture
2.2. Global Electric Vehicle Brake Pads Market, by Type, 2020 (USD Mn)
2.3. Global Electric Vehicle Brake Pads Market, by Propulsion Type, 2020 (USD Mn)
2.4. Global Electric Vehicle Brake Pads Market, by Vehicle Type, 2020 (USD Mn)
2.5. Global Electric Vehicle Brake Pads Market, by Distribution Channel, 2020 (USD Mn)
2.6. Global Electric Vehicle Brake Pads Market, by Geography, 2020 (USD Mn)

 

3. Global Electric Vehicle Brake Pads Market Analysis


3.1. Electric Vehicle Brake Pads Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Electric Vehicle Brake Pads Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Organic
4.3. Metallic
4.4. Ceramic

 

5. Global Electric Vehicle Brake Pads Market By Propulsion Type, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Battery Electric Vehicle (BEV)
5.3. Plug-In Hybrid Vehicle (PHEV)
5.4. Hybrid Electric Vehicle (HEV)

 

6. Global Electric Vehicle Brake Pads Market By Vehicle Type, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Passenger Cars
6.3. Commercial Vehicles

 

7. Global Electric Vehicle Brake Pads Market By Distribution Channel, 2018 – 2027 (USD Mn)


7.1. Overview
7.2. Original Equipment Manufacturer (OEM)
7.3. Aftermarket

 

8. North America Electric Vehicle Brake Pads Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. North America Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
8.1.3. North America Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
8.1.4. North America Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
8.1.5. North America Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
8.1.6. North America Electric Vehicle Brake Pads Market by Country (2018-2027 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
8.1.6.1.2. U.S. Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
8.1.6.1.3. U.S. Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
8.1.6.1.4. U.S. Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
8.1.6.2.2. Canada Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
8.1.6.2.3. Canada Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
8.1.6.2.4. Canada Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)

 

9. Europe Electric Vehicle Brake Pads Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Europe Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
9.1.3. Europe Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
9.1.4. Europe Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
9.1.5. Europe Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
9.1.6. Europe Electric Vehicle Brake Pads Market by Country (2018-2027 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
9.1.6.1.2. Germany Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
9.1.6.1.3. Germany Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
9.1.6.1.4. Germany Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
9.1.6.2.2. U.K. Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
9.1.6.2.3. U.K. Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
9.1.6.2.4. U.K. Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
9.1.6.3.2. France Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
9.1.6.3.3. France Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
9.1.6.3.4. France Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
9.1.6.4.2. Italy Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
9.1.6.4.3. Italy Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
9.1.6.4.4. Italy Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
9.1.6.5.2. Rest of Europe Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
9.1.6.5.3. Rest of Europe Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
9.1.6.5.4. Rest of Europe Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)

 

10. Asia Pacific Electric Vehicle Brake Pads Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Asia Pacific Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
10.1.3. Asia Pacific Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
10.1.4. Asia Pacific Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
10.1.5. Asia Pacific Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
10.1.6. Asia Pacific Electric Vehicle Brake Pads Market by Country (2018-2027 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
10.1.6.1.2. China Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
10.1.6.1.3. China Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
10.1.6.1.4. China Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
10.1.6.2.2. Japan Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
10.1.6.2.3. Japan Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
10.1.6.2.4. Japan Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
10.1.6.3. Rest of Asia Pacific
10.1.6.3.1. Rest of Asia Pacific Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
10.1.6.3.2. Rest of Asia Pacific Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
10.1.6.3.3. Rest of Asia Pacific Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
10.1.6.3.4. Rest of Asia Pacific Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)

 

11. Latin America (LATAM) Electric Vehicle Brake Pads Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. Latin America Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
11.1.3. Latin America Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
11.1.4. Latin America Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
11.1.5. Latin America Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
11.1.6. Latin America Electric Vehicle Brake Pads Market by Country (2018-2027 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
11.1.6.1.2. Brazil Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
11.1.6.1.3. Brazil Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
11.1.6.1.4. Brazil Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
11.1.6.2.2. Mexico Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
11.1.6.2.3. Mexico Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
11.1.6.2.4. Mexico Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
11.1.6.3.2. Rest of Latin America Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
11.1.6.3.3. Rest of Latin America Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
11.1.6.3.4. Rest of Latin America Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)

 

12. Middle East and Africa Electric Vehicle Brake Pads Market Analysis and Forecast, 2018 – 2027 (USD Mn)


12.1.1. Overview
12.1.2. MEA Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
12.1.3. MEA Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
12.1.4. MEA Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
12.1.5. MEA Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
12.1.6. Middle East and Africa Electric Vehicle Brake Pads Market, by Country (2018-2027 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
12.1.6.1.2. GCC Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
12.1.6.1.3. GCC Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
12.1.6.1.4. GCC Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
12.1.6.2.2. South Africa Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
12.1.6.2.3. South Africa Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
12.1.6.2.4. South Africa Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Electric Vehicle Brake Pads Market by Type (2018-2027 USD Mn)
12.1.6.3.2. Rest of MEA Electric Vehicle Brake Pads Market by Propulsion Type (2018-2027 USD Mn)
12.1.6.3.3. Rest of MEA Electric Vehicle Brake Pads Market by Vehicle Type (2018-2027 USD Mn)
12.1.6.3.4. Rest of MEA Electric Vehicle Brake Pads Market by Distribution Channel (2018-2027 USD Mn)

 

13. Company Profiles


13.1. NRS Brakes
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. TRW Aftermarket
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. ATE Brakes
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Akebono Brake Industry Co., Ltd.
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. BorgWarner
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Brembo S.p.A.
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Bendix Corporation
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. TENNECO INC.
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Robert Bosch GmbH
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. EBC Brakes
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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