1 / 20

MEA & Pakistan Brake Pads Market Forecast 2026

The MEA & Pakistan brake pad market was valued at USD2,656.71 million in 2020, and is projected to reach USD3,769.52 million by 2026, growing at a significant CAGR of 5.64% during the forecast period, 2022-2026. https://bit.ly/3eeFUic

macknene
Télécharger la présentation

MEA & Pakistan Brake Pads Market Forecast 2026

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 2016 – 2026 MIDDLE EAST AND AFRICA AUTOMOTIVE BRAKE PAD MARKET FORECAST AND OPPORTUNITIES P U B L I S H E D : S E P T E M B E R 2 0 2 1 1 © TechSci Research

  2. Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Analyst View 4. Voice of Customer 5. Impact of Covid-19 6. Middle East & Africa Automotive Brake Pad Market Outlook 6.1. Market Size & Forecast By Value & Volume 6.1.1. 6.2. Market Share & Forecast 6.2.1. By Vehicle Type (Passenger Car and Commercial Vehicles) 6.2.2. By Country 6.3. Market Map 6.4. Country Analysis 6.4.1. Iran Automotive Brake Pad Market Outlook 6.4.1.1. Market Size & Forecast 6.4.1.1.1. By Value & Volume 6.4.1.2. Market Share & Forecast 6.4.1.2.1. By Vehicle Type 6.4.1.2.2. By Company (Top 5 Companies and Others) 6.4.1.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.1.3. Car Parc Data 6.4.1.4. Passenger Car Service Scenario 2 © TechSci Research

  3. Table of Contents S. No. Contents 6.4.2. South Africa Automotive Brake Pad Market Outlook 6.4.2.1. Market Size & Forecast 6.4.2.1.1. By Value & Volume 6.4.2.2. Market Share & Forecast 6.4.2.2.1. By Vehicle Type 6.4.2.2.2. By Company (Top 5 Companies and Others) 6.4.2.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.2.3. Car Parc Data 6.4.2.4. Passenger Car Service Scenario 6.4.3. Saudi Arabia Automotive Brake Pad Market Outlook 6.4.3.1. Market Size & Forecast 6.4.3.1.1. By Value & Volume 6.4.3.2. Market Share & Forecast 6.4.3.2.1. By Vehicle Type 6.4.3.2.2. By Company (Top 5 Companies and Others) 6.4.3.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.3.3. Car Parc Data 6.4.3.4. Passenger Car Service Scenario 3 © TechSci Research

  4. Table of Contents S. No. Contents 6.4.4. Egypt Automotive Brake Pad Market Outlook 6.4.4.1. Market Size & Forecast 6.4.4.1.1. By Value & Volume 6.4.4.2. Market Share & Forecast 6.4.4.2.1. By Vehicle Type 6.4.4.2.2. By Company (Top 5 Companies and Others) 6.4.4.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.4.3. Car Parc Data 6.4.4.4. Passenger Car Service Scenario 6.4.5. Morocco Automotive Brake Pad Market Outlook 6.4.5.1. Market Size & Forecast 6.4.5.1.1. By Value & Volume 6.4.5.2. Market Share & Forecast 6.4.5.2.1. By Vehicle Type 6.4.5.2.2. By Company (Top 5 Companies and Others) 6.4.5.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.5.3. Car Parc Data 6.4.5.4. Passenger Car Service Scenario 4 © TechSci Research

  5. Table of Contents S. No. Contents 6.4.6. Nigeria Automotive Brake Pad Market Outlook 6.4.6.1. Market Size & Forecast 6.4.6.1.1. By Value & Volume 6.4.6.2. Market Share & Forecast 6.4.6.2.1. By Vehicle Type 6.4.6.2.2. By Company (Top 5 Companies and Others) 6.4.6.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.6.3. Car Parc Data 6.4.6.4. Passenger Car Service Scenario 6.4.7. UAE Automotive Brake Pad Market Outlook 6.4.7.1. Market Size & Forecast 6.4.7.1.1. By Value & Volume 6.4.7.2. Market Share & Forecast 6.4.7.2.1. By Vehicle Type 6.4.7.2.2. By Company (Top 5 Companies and Others) 6.4.7.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.7.3. Car Parc Data 6.4.7.4. Passenger Car Service Scenario 5 © TechSci Research

  6. Table of Contents S. No. Contents 6.4.8. Algeria Automotive Brake Pad Market Outlook 6.4.8.1. Market Size & Forecast 6.4.8.1.1. By Value & Volume 6.4.8.2. Market Share & Forecast 6.4.8.2.1. By Vehicle Type 6.4.8.2.2. By Company (Top 5 Companies and Others) 6.4.8.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.8.3. Car Parc Data 6.4.8.4. Passenger Car Service Scenario 6.4.9. Pakistan Automotive Brake Pad Market Outlook 6.4.9.1. Market Size & Forecast 6.4.9.1.1. By Value & Volume 6.4.9.2. Market Share & Forecast 6.4.9.2.1. By Vehicle Type 6.4.9.2.2. By Company (Top 5 Companies and Others) 6.4.9.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.9.3. Car Parc Data 6.4.9.4. Passenger Car Service Scenario 6 © TechSci Research

  7. Table of Contents S. No. Contents 6.4.10. Kuwait Automotive Brake Pad Market Outlook 6.4.10.1. Market Size & Forecast 6.4.10.1.1. By Value & Volume 6.4.10.2. Market Share & Forecast 6.4.10.2.1. By Vehicle Type 6.4.10.2.2. By Company (Top 5 Companies and Others) 6.4.10.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.10.3. Car Parc Data 6.4.10.4. Passenger Car Service Scenario 6.4.11. Kenya Automotive Brake Pad Market Outlook 6.4.11.1. Market Size & Forecast 6.4.11.1.1. By Value & Volume 6.4.11.2. Market Share & Forecast 6.4.11.2.1. By Vehicle Type 6.4.11.2.2. By Company (Top 5 Companies and Others) 6.4.11.2.3 Top 5 Part Numbers for Top 5 Companies 6.4.11.3. Car Parc Data 6.4.11.4. Passenger Car Service Scenario 7 © TechSci Research

  8. Table of Contents S. No. Contents 12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends and Development 14. Competitive Landscape 14.1. Asimco Global Inc. 14.2. TRW Ltd Aftermarket 14.3. MAT Holdings, Inc. 14.4. Sangsin Brake Co., Ltd. 14.5. FBK Manufacturing Malaysia Sdn Bhd 14.6. Tenneco Inc 14.7. AC Delco 14.8. Robert Bosch (Pty) Ltd 14.9. Safeline Brakes (G.U.D. Holdings) 14.10. Alfred Teves Brake Systems (Pty) Ltd 15. Strategic Recommendations 16. About Us & Disclaimer 8 © TechSci Research

  9. PRODUCT OVERVIEW 9 © TechSci Research

  10. Product Overview Product Segment Definition Brake pads are the components of disc brakes used in automotive and other applications. Brake pads are steel backing plates with friction material bound to the surface that faces the disk brake rotor. Brake Pads 10 10 © TechSci Research

  11. RESEARCH METHODOLOGY 11 © TechSci Research

  12. Research Methodology Market Assessment Study Market Profiling Data Analysis Data Data Developing list of respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the Middle East & Africa brake pad market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the Middle East & Africa brake pad market Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed interview guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics ✓ Government Policies ✓ Final Conclusion ✓ Market Participants ✓ Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers Capital IQ OneSource Emis.com Euromonitor Statista ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ ✓ 12 12 © TechSci Research

  13. Research Methodology Market Assessment Study For executing the study, TechSci Research used bottom-up model, which was later cross validated by using top-down approach. TechSci followed a mix of exhaustive secondary research and thorough primary research for this study. Phase 1: Initially, TechSci Research made a list of brake pad (POI) manufacturers/suppliers in Middle East, Africa and Pakistan. Then, primary research surveys was conducted with the identified companies, and they were also asked for their other competitors in the market. By this way, if we had missed any target company due to limitations of secondary research then we were able to identify that company and then survey them as well. Additionally, TechSci also identified and interviewed brake pad (POI) distributors/dealers and other market influencers in Middle East & Africa. Below mentioned is the number of surveys that were conducted during the study: Influencers (Car Workshops; Car Mechanics; etc.) Product/ Stakeholders Manufacturers/ Importers Industry Experts Distributors/Dealers Total Brake Pad (POI) 8 – 10 10-15 10-15 5 33-45 Survey Mode Research Contribution Desk Research 20% Online Survey 15% Primary Research 80% Telephonic / Face-to-face interview 85% 13 13 © TechSci Research

  14. Research Methodology Market Assessment Study Phase 2: TechSci designed interview questionnaires for brake pad (POI) manufacturers/importers/suppliers, dealers/distributors, market influencers and industry experts. TechSci executed primary surveys with a mix of Telephonic & Face-to-Face (preferably) methodology. In addition, exhaustive secondary research was done using various credible sources such as company annual reports, white papers, investor presentations and financial reports. The objective of questionnaire was to understand the market dynamics, supply & demand scenario, emerging trends and competitor analysis in Middle East & Africa brake pad market. TechSci also extracted information pertaining to brake pad manufacturers along with their production capacity functional in Middle East & Africa (if applicable). TechSci followed the methodology below to extract the information pertaining to brake pad market in Middle East & Africa: Vehicle Production, Sales & Fleet Size: The data points that are used for the analysis of Middle East & Africa brake pad market are the historical, current and forecast figures for vehicle production, sales and fleet size. Data for fleet size was extracted through various government sources and credible data portals. TechSci Research has maintained a database for vehicle production, sales and fleet size for each vehicle segment (Passenger Car & Light Commercial Vehicles) which is regularly updated through various primary research surveys and secondary sources such as automotive associations & government publications. Brake Pad Demand: OEM Brake Pad Sales: OEM brake pad demand was calculated by multiplying the average number of brake pads per vehicle to the total number of vehicles produced. 14 14 © TechSci Research

  15. Research Methodology Market Assessment Study Replacement Brake Pad Sales: Replacement brake pad demand of a particular country is directly dependent on the country’s vehicle fleet size and historical vehicle sales. The replacement demand is therefore extracted by multiplying the vehicle fleet with the replacement brake pad ratio, which is obtained by conducting a series of surveys with car owners to understand the frequency of brake pad replacement as it varies for different countries depending upon factors such as road conditions, climate, economic and regulatory policies applicable in a country. The replacement ratio is expressed as a percentage; and is considered to be 100% if one brake pad is replaced per vehicle per year. Example for Passenger Car’ replacement brake pad demand calculation: Passenger Car Fleet Size (Volume) No. of Brake Pads Replacement Ratio (in %) Replacement Brake Pad Demand X X = 4 1,00,000 X 10% X = 40,000 brake pads The calculated replacement brake pad demand data was further analyzed by TechSci Research through Delphi technique i.e. multiple rounds of telephonic interviews was conducted with brake pad companies/dealers in Middle East & Africa. The information, thus, gathered through primary interviews was cross-verified through industry experts and secondary sources such as annual reports and paid databases to generate meaningful results. Total Brake Pad Market: Total brake pad market is the sum of OEM Brake Pad Sales and Replacement Brake Pad Sales. 15 15 © TechSci Research

  16. Research Methodology Market Assessment Study Phase 3: TechSci Research performed periodical checks on data being collected through surveys with logic checks and analyze survey results in MS Excel/SPSS and data generated through its proprietary database. TechSci used data triangulation technique to fill the gaps and to present more meaning picture of the market. In order to forecast the Middle East & Africa brake pad market, TechSci used various forecast techniques such as: ▪ Moving Average ▪ Time Series Analysis ▪ Regression Analysis ▪ Econometric and Judgmental Analysis TechSci also used its own forecast tool, which is based on the growth of various allied industries. TechSci used impact analysis during short, medium and long term to estimate the demand and to reach to an accurate market numbers. Phase 4: TechSci delivered the final comprehensive project report in detailed PowerPoint Presentation format along with the support documents. Geographic Scope of the Study: The seven target countries included in this report are Algeria, Saudi Arabia, Pakistan, Egypt, Kenya, Nigeria and South Africa which have been collectively named as Middle East and Africa region. 16 16 © TechSci Research

  17. I n d u s t r y B r i e f Increasing demand for the sales of commercial vehicles and growing consumer awareness is expected to drive the demand of the MEA & Pakistan Brake Pad market for the forecast period. According to TechSci Research report, “MEA & Pakistan Brake Pad Market By Vehicle Type (Passenger Car, Light Commercial Vehicle), By Country, Competition Forecast & Opportunities, 2026”, the MEA & Pakistan Brake Pad market stood at USD2,656.71 million in 2020 and it is expected to be valued at USD3,769.52 million in 2026, advancing with a CAGR of 5.64% in the forecast period, 2022-2026. Brake pads are a component of disc brakes and are made up of materials that contain a high co-efficient of friction. The low-noise characteristic and the presence of a stable co-efficient of friction increases the vehicle performance. These are used in automotive and other applications. Upon using a brake pad, the system requires fewer efforts for controlling the vehicle speed, therefore, generating minimal vibrations and sound. Also, brake pads produce less heat, and it causes lesser damage to the disc, which increases the service life of brake pads. An increase in the initiatives taken by the leading authorities to encourage the expansion of the automotive industry is contributing significantly to the brake pad market growth. The rise in awareness about vehicle safety coupled with the integration of several technologies such as anti-lock braking systems to ensure the safety of consumers is expected to fuel the brake pad market’s growth. The use of advanced materials such as non-asbestos organic composites and ceramics to enhance the vehicle efficiency over the wide range of temperature is expected to foster the market demand. The growing demand for semi-metallic material segment is due to their ability to provide high sheer and bonding strength in brake systems. Rapid industrialization in the region is increasing the demand for commercial vehicles and the long distances traveled are surging the wear and tear in vehicles which in turn is influencing the demand of the brake pad market. Automobile manufacturers are focusing on upgrading the existing infrastructure to minimize the occurrence of accidental deaths. The leading authorities of MEA & Pakistan are implementing strict norms and regulations to ensure the safety of pedestrians and to reduce the stopping distance of the vehicle which in turn is accelerating the MEA & Pakistan brake pad market growth. Increase in the sales of high-speed vehicles is influencing the demand of brake pad as it is required to be integrated into all light vehicles. The increase in the number of commercial vehicles and the transportation industry is creating the demand to manufacture brake pads with low maintenance and high temperature withstanding capabilities. However, the complexity in designing advanced brake pad systems may restrain the MEA & Pakistan brake pad market growth for the forecast period. MEA & Pakistan Brake Pad market is segmented into vehicle type, regional distribution, and company. Based on vehicle type, the market can be bifurcated into passenger car and light commercial vehicle. The passenger car segment is expected to hold a major MEA & Pakistan brake pad market share for the forecast period, 2022-2026. The use of disc brakes is becoming a standard in passenger vehicles and the rise in the number of brake pads required per vehicle is expected to drive the demand for the brake pad. The rapid urbanization of people in search of better living standards and job opportunities is increasing the sales of passenger vehicles and the improving economic conditions in the region are supporting the passenger car segment’s growth. Availability of financial assistance to consumers to enhance their expenditure capacity to afford the passenger cars and the use of brake pads in automobiles is contributing to the segment’s growth. Asimco Global Inc. TRW Ltd Aftermarket, MAT Holdings, Inc., Sangsin Brake Co., Ltd., FBK Manufacturing Malaysia Sdn Bhd, Tenneco Inc, AC Delco, Robert Bosch (Pty) Ltd, Safeline Brakes (G.U.D. Holdings), and Alfred Teves Brake Systems (Pty) Ltd, among others are the leading players operating in MEA & Pakistan Brake Pad Market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several brake pad manufacturers are coming up with their technologically advanced offerings. “Manufacturers are focusing upon the research and development activities to eliminate copper from the brake pad as they disintegrate on continuous usage. The invention of copper-free brake pad material is to make copper-free friction materials to reduce the vehicle emissions released in urban areas. Additionally, the introduction of advanced braking technologies such as electric driven intelligent brakes, autonomous electronic braking, and other systems to revolutionize the brake pad system is anticipated to propel the MEA & Pakistan brake market through 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 17 17 © TechSci Research

  18. S a m p l e D a t a - S n a p s h o t Middle East & Africa Brake Pad Market Size, By Value (USD Million), By Volume (Million Unit) 2016-2026F CAGR 2016-2020 By Value: xx% By Volume: xx% CAGR 2021E-2026F By Value: xx% By Volume: xx% 4,000.00 120.00 3,500.00 100.00 3,000.00 80.00 2,500.00 2,000.00 60.00 1,500.00 40.00 1,000.00 20.00 500.00 - - 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Value (USD Million) Volume (Million Unit) UAE Brake Pad Market Share, By Vehicle Type, By Volume, 2016-2026F 2016 2017 40.00% 60.00% 2018 40.00% 60.00% 2019 40.00% 60.00% 2020 40.00% 60.00% 2021E 40.00% 60.00% 2022F 40.00% 60.00% 2023F 40.00% 60.00% 2024F 40.00% 60.00% 2025F 40.00% 60.00% 2026F 40.00% 60.00% Passenger Car 40.00% LCV 60.00% Pakistan Brake Pad Market Share, By Vehicle Type, By Volume, 2016-2026F 2016 2017 40.00% 60.00% 2018 40.00% 60.00% 2019 40.00% 60.00% 2020 40.00% 60.00% 2021E 40.00% 60.00% 2022F 40.00% 60.00% 2023F 40.00% 60.00% 2024F 40.00% 60.00% 2025F 40.00% 60.00% 2026F 40.00% 60.00% Passenger Car 40.00% LCV 18 60.00% 18 © TechSci Research

  19. Re p o r t O rd e r Report Name: MIDDLE EAST AND AFRICA AUTOMOTIVE BRAKE PAD MARKET FORECAST AND OPPORTUNITIES 2016 – 2026 License Type Single User License Price $4900 Multi-User License Custom Research License $5900 $8900 To View Sample OR Purchase Report 19 19 © TechSci Research

  20. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Partial List of Clients Related Reports Global Two-Wheeler Brake Component Market, 2014 – 2024 Global Automotive Brake Component Market, 2014 – 2024 India Airbag Market , 2024 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. 20 © TechSci Research

More Related