India Brakepad Market By Vehicle Type (Passenger Car, Two-Wheeler, LCV, MHCV), By Demand Category (OEM vs Replacement), By Material Type (Semi-Metallic and Ceramic) By Region (West, South, North & East), Forecast & Competition, Opportunities, 2017- 2027

  • Industry : Automotive
  • Pages : 70
  • Published Date : March, 2022
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Summary

Report Description

India brakepad market is expected to grow from USD4937.11 million in 2021 to USD7386.07 million with a CAGR of 7.49% by 2027. Rapidly increasing fleet of vehicles and escalating fleet size across the region are expected to drive the India brakepad market in the upcoming years.

 

Brakepads are the integral parts of the disc brakes used in automobiles for braking purposes to slow down or stop the vehicle. The brakepads are fitted in the caliper of the vehicle, which is attached to the rotating disc. When the brakes get engaged, it gets pressed against the disc to stop the motion of the vehicle and at the time of braking, the kinetic energy of the vehicle is converted into thermal energy. Also, brakepads produce less heat as compared to shoe brakes, which results in better braking efficiency. Moreover, the installation and overall system of the brakepad are effortless in comparison to the shoe brake assembly.

 

Due to the imposed lockdown, following the COVID-19 outbreak, which resulted in economic fluctuation in 2020, the sales of automobiles in the country declined significantly as there was no production and sales in 2020 due to the COVID-19 outbreak. After a big drop in production and sales in the year 2020, the production of vehicles has resumed now, with sales also stepping up, which is going to generate demand for brakepads in the OEM segment.

 

Growing Popularity of Hybrid and Electric Vehicles

Increasing adoption of electric passenger cars, two-wheelers and light-duty commercial electric vehicles are rising day by day. As there is a rapid adoption of electric vehicles, which correspondingly increases the demand for brakepads in the upcoming years. Increase in end user choice for the zero-emission hybrid electric vehicles and battery electric vehicles are boosting the demand of brakepads because in all electric vehicles brakepad attachments are necessary for the regeneration of electricity for charging batteries. Electric and hybrid vehicles use regenerative brake systems that require the disc and brakepad assembly system. Thus, it is driving the brakepad market of India.

 

Adoption of Metal-Free Friction Materials

The brakepads play a very crucial role in the braking process of the vehicle. As there is development in the automobile industry which correspondingly leads to the development in the friction material industries. In recent years, people are shifting towards ceramic brake pads from metallic brakepads, asbestos brakepads and semi-metallic brakepads due to their low braking efficiency and high wear rate of the disc. Also, the metallic brakepads, asbestos brakepads and semi-metallic brakepads generate more heat and produce harmful dust at the time of braking. Additionally, the ceramic brake pads are free from rust, high-temperature resistance and better thermal stability.

 

Substitute Brake Friction Products in the Aftermarket

The availability of substitute brake friction materials and components in the aftermarket is a rising concern for the major and organized suppliers. The substitute components in the market are available at a very low price, but they are also made of low-quality materials. Due to less cost, customers preferred to purchase these products without looking over the quality of the products. These products do not follow OEM specifications, which can further lead to serious mechanical problems and system breakdown, which can cause accidents as well.

 

Regulation For Reduction in Stopping Distance

Manufacturers are aiming to improve the braking systems. They are upgrading the braking system to lessen the stopping distance and installing different sensors such as visible light & wear sensors. Also, many guidelines such as critical stop braking with reduced stopping distance have been introduced, which have positively impacted the brakepad industry. Therefore, the brakepad manufacturers are spending on their research and development for the evolution of the disc brakes to be in line with the new regulations regarding the stopping distance.

 


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Market Segmentation

The India brakepad market is segmented based on vehicle type, demand category, material type, region, and company. On the basis of vehicle type, the market is segmented into passenger cars, two-wheelers, light commercial vehicles (LCV) and medium and heavy commercial vehicles (M&HCV). Based on the demand category, the market is further segmented into OEM and replacement. Based on the material type, the market is bifurcated into semi-metallic and ceramic. India brakepad market analysis also studies the regional segmentation to devise region market segmentation, divided among North India, West India, South India, West India.

 

Company Profiles

Some of the major players operating in India brakepad market are Brakes India Private Limited, Rane Holdings Limited, Endurance Technologies Limited, ASK Automotive Pvt. Ltd., Brembo Brake India Pvt. Ltd., Makino Auto Industries Pvt. Ltd., Masu Brake Pads Pvt.Ltd., Allied Nippon Ltd., Sagestics India Brakes Private Limited, Ceratech Friction Composites, etc. These players are spending on innovations to elicit a good return on their investment. Additionally, advanced strategic moves, such as mergers collaborations, also benefit key players by raising their customer base and expanding their sales and distribution networks in the India brakepad market.

Attribute

Details

Market Size Value in 2021

USD4937.11Million

Revenue Forecast in 2027

USD7386.07 Million

Growth Rate

7.49%

Base Year

2021

Historical Years

2017–2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Vehicle Type

·         Demand Category

·         Material Type

·         Region

·         Company

Country Scope

·         Northern India, Western India, South India, East India.

Key Companies Profiled

Brakes India Private Limited, Rane Holdings Limited, Endurance Technologies Limited, ASK Automotive Pvt. Ltd., Brembo Brake India Pvt. Ltd., Makino Auto Industries Pvt. Ltd., Masu Brake Pads Pvt.Ltd., Allied Nippon Ltd., Sagestics India Brakes Private Limited, Ceratech Friction Composites.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, India brakepad market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Brakepad Market, By Vehicle Type:
    • Passenger Car
    • Two-Wheeler
    • LCV
    • M&HCV
  • India Brakepad Market, By Demand Category:
    • Replacement
    • OEM
  • India Brakepad Market, By Material Type:
    • Semi-Metallic
    • Ceramic
  • India Brakepad Market, By Region:
    • North India
    • West India
    • South India
    • East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India brakepad market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on India Brakepad Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided Brand Recall and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    India Brakepad Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume

6.1.2.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, Two- Wheeler, LCV, MHCV)

6.2.2.     By Demand Category (OEM and Replacement)

6.2.3.     By Material Type (Semi-Metallic and Ceramic)

6.2.4.     By Region

6.2.5.     By Company (2021)

6.3.  Market Map (By Vehicle Type, By Demand Category, Material Type, By Region)

7.    India Passenger Car Brakepad Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume

7.1.2.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type (SUV, Sedan, Hatchback)

7.2.2.     By Demand Category

7.2.3.     By Material Type

7.2.4.     By Region

8.    India Two-Wheeler Brakepad Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume

8.1.2.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type (Motorcycle and Scooter)

8.2.2.     By Demand Category

8.2.3.     By Material Type

8.2.4.     By Region

9.    India LCV Brakepad Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume

9.1.2.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type (Pickup and Vans)

9.2.2.     By Demand Category

9.2.3.     By Material Type

9.2.4.     By Region

10.  India M&HCV Brakepad Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Volume

10.1.2.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type (Bus and Truck)

10.2.2.  By Demand Category

10.2.3.  By Material Type

10.2.4.  By Region

11.  Market Dynamics

11.1.  Drivers

11.2.  Challenges

12.  Market Trends and Developments

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Competitive Landscape

15.1.              Brakes India Private Limited

15.2.              Rane Holdings Limited

15.3.              Endurance Technologies Limited

15.4.              ASK Automotive Pvt. Ltd.

15.5.              Brembo Brake India Pvt. Ltd.

15.6.              Makino Auto Industries Pvt. Ltd.

15.7.              Masu Brake Pads Pvt.Ltd

15.8.              Allied Nippon Ltd

15.9.              Sagestics India Brakes Private Limited

15.10.            Ceratech Friction Composites

16.  Strategic Recommendations

The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. Please note that all the macro economic indicators in the economic profiles are for Calendar year.

Figures and Tables

List of Figures

Figure 1:  India Brakepad Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F

Figure 2: India Brakepad Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 3: India Brakepad Market Share, By Demand Category, By Volume, 2017-2027F

Figure 4: India Brakepad Market Share, By Material Type, By Volume, 2017-2027F

Figure 5: India Brakepad Market Share, By Region, By Volume, 2017-2027F

Figure 6: India Brakepad Market Share, By Company, By Value, 2021

Figure 8: India Brakepad Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)

Figure 9: India Brakepad Market Map, By Demand Category Market Size (Thousand Units) & Growth Rate (%)

Figure 10: India Brakepad Market Map, By Material Type, Market Size (Thousand Units) & Growth Rate (%)

Figure 11: India Brakepad Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%)

Figure 12:  India Passenger Car Brakepad Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F

Figure 13: India Passenger Car Brakepad Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 14: India Passenger Car Brakepad Market Share, By Demand Category, By Volume, 2017-2027F

Figure 15: India Passenger Car Brakepad Market Share, By Material Type, By Volume, 2017-2027F

Figure 16: India Passenger Car Brakepad Share, By Region, By Volume, 2017-2027F

Figure 17:  India Two-Wheeler Brakepad Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F

Figure 18: India Two-Wheeler Brakepad Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 19: India Two-Wheeler Brakepad Market Share, By Demand Category, By Volume, 2017-2027F

Figure 20: India Two-Wheeler Brakepad Market Share, By Material Type, By Volume, 2017-2027F

Figure 21: India Two-Wheeler Brakepad Share, By Region, By Volume, 2017-2027F

Figure 22:  India LCV Brakepad Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F

Figure 23: India LCV Brakepad Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 24: India LCV Brakepad Market Share, By Demand Category, By Volume, 2017-2027F

Figure 25: India LCV Brakepad Market Share, By Material Type, By Volume, 2017-2027F

Figure 26: India LCV Brakepad Share, By Region, By Volume, 2017-2027F

Figure 27:  India M&HCV Brakepad Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F

Figure 28: India M&HCV Brakepad Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 29: India M&HCV Brakepad Market Share, By Demand Category, By Volume, 2017-2027F

Figure 30: India M&HCV Brakepad Market Share, By Material Type, By Volume, 2017-2027F

Figure 31: India M&HCV Brakepad Share, By Region, By Volume, 2017-2027F 

Frequently asked questions

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Two-wheelers hold the major share of around 30% in the India brakepad market, as the people in India use two-wheelers at a large scale compared to other vehicles, which also results in the increasing fleet size. Thus, it led to an increase in demand for India brakepad market

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India brakepad market is estimated to reach USD7386.07 million by 2027, at a CAGR of 7.49% owing to increasing adoption of brakepads in two-wheelers, commercial vehicles and electric vehicles.

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The top 10 players in the India brakepad market include Brakes India Private Limited, Rane Holdings Limited, Endurance Technologies Limited, ASK Automotive Pvt. Ltd., Brembo Brake India Pvt. Ltd., Makino Auto Industries Pvt. Ltd., Masu Brake Pads Pvt.Ltd., Allied Nippon Ltd., Sagestics India Brakes Private Limited, and Ceratech Friction Composites.

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Ongoing level of motorization and rising adoption of electric two-wheelers are driving the battery market. Thereby, the non-conventional vehicles market is rising at a robust pace and drive the growth of India brakepad market.

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Srishti Verma

Business Consultant
Press Release

India Brakepad Market to Grow at 7.49% CAGR by 2027

Mar, 2022

Increasing sales of two wheelers and passenger cars and growing parch size of vehicle to drive the India brakepad market through 2027.

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