The global Electric Vehicle (EV) brake pads market size reached USD 115.8 million in 2020 and is expected to register a revenue CAGR of 18.1% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of ceramic type EV brake pads is projected to continue to support market revenue growth between 2021 and 2028.
In addition, rising demand for EVs is expected to drive revenue growth of the global market growth going ahead. Currently, rapid incline in demand for ceramic type brake pads as well as safety, better performance, and control are factors driving adoption of advanced electric vehicle brake pads. Manufacturers in various vehicle segments, including passenger cars and commercial vehicles, are rapidly adopting ceramic type brake pads in vehicles being produced. Ceramic type electric vehicle brake pads are produced from a variety of materials that offer sturdy structure, which helps to increase brake pad life by 30%. Unique parameters of ceramic type brake pads help in faster heat dissipation and also decreases chances of warping of rotor due to excess heating in braking systems.
However, concerns regarding challenges in noise cancellation are expected to restrain market revenue growth to a certain extent during the forecast period.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/857
The new report titled ‘Global Electric Vehicle (EV) Brake Pads Market’, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Electric Vehicle (EV) Brake Pads market outlook over the forecast duration (2019-2028). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market. The study involves the use of efficient analytical tools like SWOT analysis and Porter’s Five Forces to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the various market segments.
Key players in the market include TRW Aftermarket Asia Pacific Pte Ltd., ATE Brakes (Continental Aftermarket & Services GmbH), Akebono brake industry co. ltd., BorgWarner Inc., Brembo S.p.A, Aisin Aftermarket Corporation, Bendix Corporation, Tenneco Inc., Robert Bosch GmbH, and EBC Brakes USA Inc.
Request a discount on the report @ https://www.emergenresearch.com/request-discount/857
Key Highlights from the Report
Ceramic segment is expected to account for fastest revenue CAGR during the forecast period due to its sturdy structure that helps in faster heat dissipation and lighter weight that positively impacts mileage of an electric vehicle.
Battery Electric Vehicle (BEV) segment is expected to register a significantly steady revenue share over the forecast period as customers are shifting rapidly towards battery operated vehicles due to affordable running and maintenance costs.
Asia Pacific is expected to account for largest revenue share among other regional markets in the global electric vehicle brake pads market over the forecast period. This is due to presence of international and domestic electric vehicle brake pad providers such as TRW Aftermarket Asia Pacific Pte Ltd., Akebono brake industry Co. ltd., and Aisin Aftermarket Corporation, among others in countries in the region.
Emergen Research has segmented global electric vehicle brake pads market on the basis of type, propulsion type, vehicle type, sales channel, and region:
Type Outlook (Revenue, USD Million; 2018–2028)
Organic
Metallic
Ceramic
Propulsion Type Outlook (Revenue, USD Million; 2018–2028)
Battery Electric Vehicle (BEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Hybrid Electric Vehicle (HEV)
Vehicle Type Outlook (Revenue, USD Million; 2018–2028)
Passenger Cars
Commercial Vehicles
Sales Channel Outlook (Revenue, USD Million; 2018–2028)
Original Equipment Manufacturer (OEM)
Aftermarket
To know more about the report @https://www.emergenresearch.com/industry-report/electric-vehicle-brake-pads-market
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Electric Vehicle (EV) Brake Pads market?
What are the key product types and applications of the Electric Vehicle (EV) Brake Pads industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Electric Vehicle (EV) Brake Pads market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Electric Vehicle (EV) Brake Pads Market by 2028?
Request a customization of the report @ https://www.emergenresearch.com/request-for-customization/857
Thank you for reading the research report. To get more information about the customized report and customization plan, kindly connect to us and we will provide you with the well-suited customized report.
Take a Look at our other Reports:
Wi-Fi 6 Devices Market Top Companies
https://www.emergenresearch.com/blog/top-10-leading-brands-of-wi-fi-6-devices-in-the-world
Sports Technology Market Top Companies
3D Printing Market Top Companies
https://www.emergenresearch.com/blog/top-8-companies-offering-advanced-3d-printing-solutions
Soldier System Market Top Companies
https://www.emergenresearch.com/blog/worlds-top-10-leading-manufacturers-of-soldier-systems
Farm Management Software and Services Market Top Companies
Advanced Metering Infrastructure Market Top Companies
Agricultural Robots Market Top Companies
https://www.emergenresearch.com/blog/worlds-top-6-companies-in-the-agricultural-robots-market
Free Space Optics Communication Technology Market Top Companies
About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Facebook | LinkedIn | Twitter | Blogs
Latest Reports: FMS Like Tyrosine kinase 3 Inhibitors Market, Space In Orbit Refueling Market
Trending Reports: Prepreg Market, Postpartum Depression Market
Read Full Press Release @ https://www.emergenresearch.com/press-release/global-electric-vehicle-brake-pads-market