South Africa Brake Pad Market to Reach $ 525 Million by 2025
Increasing consumers
preference for high-speed vehicles equipped with brake pads, growing safety
concerns among consumers, stringent safety regulations by government, along with
overall increase in passenger car and light commercial vehicle fleet size to
drive South Africa brake pad market
According to TechSci Research report, “South Africa Brake Pad Market By Vehicle Type, By Top
5 Part Numbers, By Company, Competition, Forecast & Opportunities, 2025”, brake pad market in South Africa to
cross $ 525 million by 2025 on account of
growing demand from both OEM and aftermarket segments. Also, due to government’s
implementation of stringent safety regulations for traffic safety, the need for
efficient braking systems with instantaneous or least stopping distances is
rising and this will in turn boost the brake pad market in South Africa during
forecast period. Moreover, evolution of some modern technologies in braking
systems like Electronic Braking System (EBS), Electric Driven Intelligent Brake
(EDIB), Autonomous Electronic Braking (AEB), etc., is expected to continue
driving brake pad market in the country over the next five years.
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Continuous business expansion of manufacturers across the
country and their continuous research and development activities to manufacture
performance-oriented brake pads equipped with advanced friction
materials offering enhanced durability, eco-friendliness as well as efficiency are further anticipated to
intensify the competition across South Africa brake pad market during the
forecast period. South
Africa brake pad market can be segmented based on vehicle type, by part number
of top selling companies, and by company. In terms of vehicle type, the brake
pad market in South Africa is largely dominated by passenger car brake pad segment
due to higher production of passenger cars equipped with low noise and
technologically advanced efficient braking system coupled with increase in
fleet of passenger cars equipped with efficient braking system. This trend is expected to continue over the
course of next five years.
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Ferodo, ATE, Alfa
Brakes, Safeline, Bendix (MAT Holddings), among others, are some of the leading
players operating in South Africa brake pad market. Companies are increasing
their product portfolio, customer outreach through more dealer additions, and planning
to set up facilities to expand their presence in the country’s brake pad
market. Apart from these renowned brands
of brake pad, many Chinese brands are also increasing their footprints in South
Africa brake pad market by pushing their low-cost products. “High demand for
passenger cars & LCVs equipped with technologically advanced friction
materials coupled with rising demand for personal & commercial transportation
is expected to continue boosting brake pad market in South Africa through 2025.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“South Africa Brake Pad Market
By Vehicle Type, By Top 5 Part Numbers, By Company, Competition, Forecast &
Opportunities, 2025” has evaluated the future growth potential of South
Africa brake pad market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyses the emerging trends
along with essential drivers, challenges, and opportunities in South Africa brake
pad market.
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