India Brakepad Market to Grow with a CAGR of 5.28% through 2030
The India brake pad market is growing
due to rising vehicle production, demand for safety, and technological
advancements in friction materials and braking systems.
According
to TechSci Research report, “India Brakepad Market – By Region, Competition,
Forecast & Opportunities, 2030F”, India Brakepad Market was valued at
USD 1.92 Billion in 2024 and is expected to reach USD 2.61 Billion by 2030 with
a CAGR of 5.28% during the forecast period. The India brake pad market is
experiencing steady growth, driven by the increasing vehicle production, rising
consumer demand for safety features, and advancements in braking technologies.
As the automotive industry continues to expand, the need for reliable, durable,
and high-performance brake pads has intensified. The market is further
propelled by government regulations emphasizing vehicle safety and the shift
toward electric vehicles (EVs), which require specialized braking systems. The
growing middle-class population and increased urbanization contribute to higher
vehicle sales, bolstering demand for brake pads. Friction material technology,
particularly the shift from asbestos to organic and semi-metallic materials, is
influencing market dynamics. Moreover, the aftermarket segment is flourishing
as vehicle owners seek quality replacements for brake pads. As the market
continues to evolve, factors like rising awareness about vehicle maintenance
and improvements in automotive manufacturing will shape its trajectory.
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" India Brakepad Market”
The
rise of EVs in India, supported by government incentives, is transforming brake
pad requirements. EVs rely on regenerative braking, requiring specialized brake
pads that can withstand different stress dynamics compared to conventional
vehicles. This trend presents opportunities for manufacturers to innovate and
cater to the expanding EV segment, aligning brake pad materials and designs to
suit regenerative braking and prolong brake pad lifespan.
Indian
consumers are highly price-sensitive, especially in the automotive aftermarket.
While there is a demand for durable, high-quality brake pads, cost remains a
primary factor in purchasing decisions. Manufacturers must balance quality with
affordability, which can be challenging, especially when competing against
low-cost alternatives in the market.
E-commerce
is revolutionizing the automotive aftermarket in India, including brake pads.
Online platforms make it easier for consumers to access high-quality brake
pads, compare prices, and choose trusted brands, particularly in urban areas.
This trend is boosting sales in the aftermarket segment, allowing manufacturers
to reach a wider customer base and improve brand visibility.
The India Brakepad
market is segmented into vehicle type, sales channel,
material type, regional distribution, and company.
The Original
Equipment Manufacturer (OEM) segment dominated the India brake pad market due
to several factors. The growth of the automotive industry, particularly in
passenger cars and commercial vehicles, has led to an increased demand for
high-quality brake pads in new vehicles. OEMs prioritize performance, safety,
and reliability, and typically source brake pads that meet stringent quality
standards to ensure vehicle safety and regulatory compliance. This has made OEM
brake pads the preferred choice for vehicle manufacturers.
OEM brake pads
offer the benefit of a guaranteed fit and optimal performance, making them
highly sought after by both manufacturers and consumers. As vehicle production
increases in India, the demand for OEM components, including brake pads,
continues to rise. Furthermore, OEM brake pads typically come with warranties,
increasing consumer trust in their durability and performance, further driving
their market dominance in India.
The fastest growing region in the India brake pad market is the South. This growth is driven by the rising demand for automobiles, particularly in cities like Bangalore, Chennai, and Hyderabad, which are key automotive hubs. Additionally, increased vehicle production and rising consumer awareness of vehicle safety are contributing to the demand for high-quality brake pads. The presence of major automotive manufacturers and suppliers in the South also enhances the region's growth prospects, further supported by the growing adoption of electric vehicles, which require advanced braking systems.
Major companies
operating in India Brakepad market are:
- Brakes India Private Limited
- HL Mando Corp
- Bosch Limited
- Endurance Technologies Limited
- Akebono Brake Corporation
- DRiV Incorporated
- JK Fenner
- Rane Holdings Limited
- Masu Brakes Pvt. Ltd
- ZF Friedrichshafen AG
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“A key trend in the India brake pad
market is the growing shift toward eco-friendly and advanced friction
materials, such as ceramic and organic compounds. This trend is driven by
increasing environmental awareness, government regulations, and consumer demand
for high-performance, noise-reducing, and low-dust brake pads.”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
India Brakepad Market –Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger Car, Two-Wheeler, Commercial Vehicles), By Sales Channel (OEM, Aftermarket), By Material Type (Semi-Metallic, Ceramic, Others), By Region, By Competition, 2020-2030F”, has evaluated the future growth potential of India Brakepad
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the India Brakepad market.
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