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.

The Global Electric Vehicle Brake Pads Market research study published by Reports and Data is an extensive collection of insightful information about the Electric Vehicle Brake Pads industry. The report covers the Electric Vehicle Brake Pads Market segmentation along with a detailed outline of the Electric Vehicle Brake Pads market size with regards to volume and valuation. The report provides comprehensive coverage of the Electric Vehicle Brake Pads market scenario for the current period and forecast timeline of 2020-2027. The Electric Vehicle Brake Pads market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.

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 The leading market contenders listed in the report are:

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

Key reasons to buy the Global Electric Vehicle Brake Pads Market report:

  1. The latest report comprehensively studies the global Electric Vehicle Brake Pads market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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 Market Segmentations of the Electric Vehicle Brake Pads Market

  • 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

 

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 Regional Outlook of the Electric Vehicle Brake Pads Market

The global Electric Vehicle Brake Pads market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Electric Vehicle Brake Pads market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Key reasons to buy the Global Electric Vehicle Brake Pads Market report:

  1. The latest report comprehensively studies the global Electric Vehicle Brake Pads market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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