Saudi Arabia brake pad market stood at around
$ 307 million in 2019 and is projected to surpass $ 470 million by 2025. Growing
demand for comfortable and smoother rides with low noise & efficient braking
system is driving demand for brake pads instead of brake shoes. Increase in
implementation of technologically advanced braking system like Anti-Lock
Braking System (ABS), Electronic Braking System (EBS), Electric Driven
Intelligent Brake (EDIB), Autonomous Electronic Braking (AEB), etc., to enhance
safety for high-speed light vehicles is expected to continue boosting growth of
brake pads market size. Market players are introducing performance-oriented
brake pads equipped with advanced friction materials, which significantly
enhance braking performance.
Saudi Arabia brake pad
market can be segmented based on vehicle type, by brake pad part number, and by
company. In terms of vehicle type segmentation, passenger car segment accounted
for the largest share and the trend is expected to continue in the forthcoming
years. Increasing demand for high-speed passenger cars with efficient braking
system along with overall expanding passenger car fleet size in Saudi Arabia.
Off roading activities and the number of privately owned luxury cars is
continuously increasing in Saudi Arabia, which in turn augmenting demand for
brake pads in the country.
FBK, ATE Brakes, Bosch Auto
Parts, AC Delco, Bendix (MAT Holdings), Ferodo (Tenneco) are some of the major
leading players in brake pad market of Saudi Arabia. Surging popularity of brake
pads with longer life, efficient braking under wide temperature range, and low
noise during braking at high speed is pushing the companies to focus on
improving the functionality of brake pads.
Years considered for this
report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
- To analyze and forecast Saudi Arabia
brake pad market size.
- To classify and forecast Saudi
Arabia brake pad market based on vehicle type, by part number, and by
company.
- To identify drivers and challenges for Saudi
Arabia brake pad market.
- To conduct the pricing analysis for Saudi
Arabia brake pad market.
- To identify and analyze the profile
of leading players operating in Saudi Arabia brake pad market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of brake pad market players operating across Saudi Arabia.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
manufacturers which could not be identified due to the limitations of secondary
research. TechSci Research analyzed product offerings, distribution channels
and presence of all major manufacturers across Saudi Arabia.
TechSci Research
calculated Saudi Arabia brake pad market size using a bottom-up approach,
where data for various end-user segments was recorded and forecast for the
future years. TechSci Research sourced these values from the industry experts
and company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target Audience:
- Brake pad manufacturers, distributor
and other stakeholders
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances
related to brake pad market
- Market research and consulting firms
The study is useful in
providing answers to several critical questions that are important for industry
stakeholders such as manufacturers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, Saudi
Arabia brake pad market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Market, by Part Number:
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies present in Saudi Arabia
brake pad 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).