Saudi Arabia brake pad market stood at around $ 307 million in 2019 and is projected to surpass $ 470 million by 2025. Growing demand for comfortable and smoother rides with low noise & efficient braking system is driving demand for brake pads instead of brake shoes. Increase in implementation of technologically advanced braking system like Anti-Lock Braking System (ABS), Electronic Braking System (EBS), Electric Driven Intelligent Brake (EDIB), Autonomous Electronic Braking (AEB), etc., to enhance safety for high-speed light vehicles is expected to continue boosting growth of brake pads market size. Market players are introducing performance-oriented brake pads equipped with advanced friction materials, which significantly enhance braking performance.
Saudi Arabia brake pad market can be segmented based on vehicle type, by brake pad part number, and by company. In terms of vehicle type segmentation, passenger car segment accounted for the largest share and the trend is expected to continue in the forthcoming years. Increasing demand for high-speed passenger cars with efficient braking system along with overall expanding passenger car fleet size in Saudi Arabia. Off roading activities and the number of privately owned luxury cars is continuously increasing in Saudi Arabia, which in turn augmenting demand for brake pads in the country.
FBK, ATE Brakes, Bosch Auto Parts, AC Delco, Bendix (MAT Holdings), Ferodo (Tenneco) are some of the major leading players in brake pad market of Saudi Arabia. Surging popularity of brake pads with longer life, efficient braking under wide temperature range, and low noise during braking at high speed is pushing the companies to focus on improving the functionality of brake pads.
Years considered for this report:
- Historical Years: 2015-2018
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2021-2025
Objective of the Study:
- To analyze and forecast Saudi Arabia brake pad market size.
- To classify and forecast Saudi Arabia brake pad market based on vehicle type, by part number, and by company.
- To identify drivers and challenges for Saudi Arabia brake pad market.
- To conduct the pricing analysis for Saudi Arabia brake pad market.
- To identify and analyze the profile of leading players operating in Saudi Arabia brake pad market.
Key Target Audience:
- Brake pad manufacturers, distributor and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to brake pad market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia brake pad market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Passenger Car
- Light Commercial Vehicle
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia brake pad market.