South Africa brake pad
market is forecast to surpass $ 525 million by 2025.
Demand for brake pads in the country is arising from both OEM and aftermarket segments
due to the presence of light vehicle production facility and expanding fleet of
light vehicles in the country. Growing demand for efficient braking system at
high speed to minimize the vehicle’s stopping distance to increase vehicle
safety is also augmenting demand for brake pads. Implementation of
technologically advanced smart braking products in light vehicles will also fuel
the growth of brake pad market in the country over the course of next five
years.
South Africa brake pad
market can be segmented based on vehicle type, by brake pad part number, and by
company. In terms of vehicle type, passenger car segment accounted for the
largest share in 2019 and the trend is expected to continue in the coming years
due to increasing demand for high-speed passenger cars with efficient braking
system and expanding passenger car fleet in South Africa. Safeline Brakes, ATE
Brakes, Bosch Auto Parts, Alfa Brakes, Hi-Q (Sangsin), and Bendix (MAT
Holdings) are some of the major leading players operating in South Africa brake
pad market.
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 South Africa brake pad market size.
- To classify and forecast South Africa brake pad market based
on vehicle type, by part number, by company.
- To identify drivers and
challenges for South Africa brake pad market.
- To conduct the pricing analysis for South Africa brake pad market.
- To identify and analyze the profile of leading players operating in
South Africa 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 players across South Africa. 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 South Africa.
TechSci
Research calculated South Africa 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, distributors 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, South Africa 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 South Africa 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).