India Brake Pads Market Size To Reach $2.25 Billion By 2030

India Brake Pads Market Growth & Trends

The India brake pads market size is expected to reach USD 2.25 billion by 2030, registering a CAGR of 6.1% from 2023 to 2030, according to a study conducted by Grand View Research, Inc. The market growth is attributed to factors such as the increasing use of materials such as semi-metallic and ceramic for manufacturing brake pads, growing awareness for driver safety, and growing traction towards electric vehicles. Government policy to support the growth of the Indian automotive industry, such as subsidies to manufacture automotive components and develop a robust supply chain with domestic manufacturers coupled with the development of metal-free, sustainable, and eco-friendly brake pads, is expected to create new growth avenues for the market growth.

Another factor driving the India brake pads market includes government mandates to include safety features such as antilock brakes, electronic stability control systems, traction control, and collision prevention safety features in passenger and commercial vehicles. The rise in road accidents nationwide highlights the importance of brake pads in vehicles. The government mandates for installing vehicle safety features are prompting manufacturers to develop brake pads equipped with sensors to induce faster response towards emergency braking and reduce road accidents and related fatalities, which is expected to support the market growth.

The material segment in market is experiencing new growth opportunities owing to the development of brake pads using asbestos-free brake pads. Brake pads include asbestos as a component in manufacturing brake pads, which is harmful and may cause life-threatening diseases. Efforts have been made to develop brake pads with natural materials such as flour, bamboo fiber, shell powder, and coconut fiber, which is augmenting the market growth. International and domestic manufacturers are also developing brake pads from jute fiber and steel fiber-reinforced polymer composite, offering reduced noise, low wear rate, high strength, and high friction coefficient.

Manufacturers operating in market for India brake pads are prioritizing developing their technical expertise in terms of brake pad materials and friction technologies, automating their manufacturing processes, and improving the quality of their products. Likewise, the manufacturers are focusing on expanding their market and geographical presence within the OEM and aftermarket. Major OEMs such as Endurance Technologies Limited are targeting potential markets in tier 2 and tier 3 cities.

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India Brake Pads Market Report Highlights

• Three-wheeler segment is expected to witness significant growth owing to its popularity as an affordable and efficient intra-city commuting vehicle coupled with growing traction towards electric three-wheelers for last-mile delivery services, prompting manufacturers to develop three-wheeler-specific brake pads

• The rear position segment is expected to witness segmental growth over the forecast period. The factors such as the ability to provide stability and prevent rollover, spinout, and skidding contribute to segmental growth. The industry players are launching new products and providing customized brake pads for commercial vehicles and SUVs

• The aftermarket segment is expected to witness growth during the forecast period; growth is attributed to the brake pad manufacturers expanding their footprint by launching products specifically for aftermarket services. Moreover, OEMs are also partnering with suppliers and aftermarket part sellers through suppliers and distributors schemes

• Non-asbestos Organic (NAO) segment is expected to witness segmental growth owing to increasing demand for alternative eco-friendly materials to develop brake pads. The growing concerns over the environment and the faster reduction in brake pad layer brake pads are encouraging manufacturers to research different alternative materials to enhance the life span and efficiency of the brake pads

India Brake Pads Market Segmentation

Grand View Research has segmented the India brake pads market report based on vehicle type, position type, sales channel, and material:

India Brake Pads Vehicle Type Outlook (Revenue, USD Million; Volume, Units; 2018 - 2030)

• Two-wheeler

• Three-wheeler

• Passenger Vehicle

• Commercial Vehicle

India Brake Pads Position Type Outlook (Revenue, USD Million; Volume, Units; 2018 - 2030)

• Front

• Rear

India Brake Pads Sales Channel Outlook (Revenue, USD Million; Volume, Units; 2018 - 2030)

• OEM

• Aftermarket

 India Brake Pads Material Outlook (Revenue, USD Million; Volume, Units; 2018 - 2030)

• Semi-metallic

• Non-asbestos Organic (NAO)

• Low-metallic NAO

• Ceramic

List of Key Players in the India Brake Pad Market

• Allied Nippon Private Limited

• ASK Automotive Pvt. Ltd.

• Brakes India Private Limited

• Brembo Brake India Pvt. Ltd.

• Ceratech Friction Composites

• Endurance Technologies Limited

• Makino Auto Industries Pvt. Ltd.

• Masu Brake Pads Pvt.Ltd

• Rane Holdings Limited

• Sagestics BRAKES