![Global Automotive Brake Pads Market](https://res.cloudinary.com/devmoveo/image/upload/v1699950485/skyquest/gallery/Global-Automotive-Brake-Pads-Market.jpg)
Report ID: SQMIG25A2140
Report ID:
SQMIG25A2140 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
80
The global automotive brake pad market’s leading region is North America. Countries like Canada and the US have largely contributed to this region’s supremacy. Their higher rate of automobile ownership is key to North America’s dominance. These countries also have strict safety standards in place that support the upkeep and necessary replacement of brake pads. The region also houses a thriving after service segment in the automotive industry. This ensures market growth in North America as regional consumers seek premium and superior quality brake pads that don’t compromise performance.
Though North America holds the top ground, the APAC region is quickly rising on the market ladder. Its thriving automotive industries in China and India and an increase in incomes have led to higher vehicle sales in this region. This in turn leads to market growth. Consumers in the Asia-Pacific regions are seeking upgraded brake pads. This is because of the advancements made in braking technologies and a growing knowledge about road safety’s significance. The APAC region’s rising adoption and preference of EVs have also driven the demand for specialized brake pads like regenerative brake systems
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Report ID: SQMIG25A2140