According to the report by Expert Market Research (EMR), the global two-wheeler brake pads market size is projected to grow at a CAGR of 9.2% between 2024 and 2032. Aided by an increase in two-wheeler sales and technological advancements, the market is expected to grow significantly by 2032.
Brake pads are a critical component in two-wheelers, serving as the friction material that is pressed against a disc or drum brake to slow down or stop the vehicle. The increasing global demand for two-wheelers, both motorcycles and scooters, primarily drives the growth of the market. This growth is further supported by the rising emphasis on vehicle safety and the frequent need for the replacement of brake pads due to wear and tear.
The burgeoning motorcycle and scooter market in developing nations, driven by the need for economical and efficient modes of transportation, plays a significant role in propelling the two-wheeler brake pads market demand. In addition to this, advancements in brake pad materials that offer better heat resistance, durability, and braking performance also contribute to the market growth.
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Moreover, the growing trend of performance biking and sports motorcycles, especially among the youth, is another factor boosting the demand for high-quality two-wheeler brake pads. These high-performance bikes require more frequent replacements of brake pads, thereby fuelling the two-wheeler brake pads market growth.
Environmental concerns and regulations are also influencing the market, as there is a shift towards eco-friendly brake pads that reduce dust and noise pollution. Manufacturers are increasingly focusing on the development of organic brake pads that are less abrasive on the disc, environmentally friendly, and provide efficient braking performance.
The Asia-Pacific region leads the global two-wheeler brake pads market, owing to the high volume of two-wheeler manufacturing and usage in countries like India, China, Indonesia, and Vietnam. The region’s vast population, coupled with the growing middle class and the need for affordable transportation options, contributes significantly to the market demand.
The market is characterised by a mix of global and regional players. These companies are engaging in research and development to produce high-quality, durable, and eco-friendly brake pads. As per the two-wheeler brake pads market analysis, strategic partnerships, mergers, and acquisitions are prevalent among key players to expand their product offerings and geographical reach.
Two-Wheeler Brake Pads Market Segmentation
The market can be divided based on two-wheeler type and region.
Market Breakup by Two-Wheeler Type
- Motorcycle
- Scooter
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Two-Wheeler Brake Pads Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global two-wheeler brake pads market. Some of the major players explored in the report by Expert Market Research are as follows:
- Scandinavian Brake Systems AS
- DRiV Automotive Inc
- EBC Holdings Ltd. (EBC Brakes)
- Lyndall Racing Brakes LLC
- Nisshinbo Holdings Inc.
- Others
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