According to the research report titled ‘Automotive Brake Pads Market Size By Vehicle (Passenger Car, LCV, HCV, Two-wheelers), By Materials (Semi-metallic, Non-asbestos Organic, Low-metallic NAO, Ceramic), By Sales Channel (OEM, Aftermarket), By Position (Front, Front & Rear), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028’, available with MarketStudyReport, global automotive brake pads market is estimated to deliver notable CAGR over the forecast period 2022-2028.

As per the report findings, growing consumer preference for low-maintenance and less noise producing vehicles, coupled with favorable product characteristics such as efficient stopping power and heat dispersal ability are primarily driving global automotive brake pads market growth.

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Additionally, government organizations have been pushing for lowering emission rates in view of the growing climate consciousness. This has resulted in innovations and use of low-emission brake technology to reduce the carbon footprint of the automotive sector, thereby boosting product uptake.

Based on vehicle type, two-wheelers segment is speculated to record 4.6% CAGR through the projection period. By material type, the low-metallic NAO segment of global automotive brake pads market captured nearly 30% revenue share in 2021 and is on track to record significant growth over 2022-2028.

Speaking of the regional landscape, Latin America market is touted to register a CAGR of 3.7% over the analysis timeframe, while Middle East & Africa industry is likely to register 4.1% CAGR through 2028.

Moving on to competitive scope, companies such as ZF Friedrichshafen AG, TMD Friction Holdings GmbH, Tenneco Inc., Sundaram Brake Linings Ltd., Grupa Steinhof Spó?ka Z Ograniczon? Odpowiedzialno?ci?, Rane Brake Lining Ltd., Ranbro Brakes India Ltd., Nisshinbo Holdings Inc., MAT Holdings Inc., Makino Auto Industries Pvt. Ltd., Hindustan Composites Ltd., GUD Holdings Ltd., Brakewel Automotive Components India Pvt. Ltd., Brakes India Pvt. Ltd., Robert Bosch GmbH, Allied-Nippon Ltd., Akebono Brake Corp., ACDelco (General Motor Co.), and Continental Automotive GmbH prominently influence worldwide automotive brake pads industry trends.