Automotive Brake Pad Market to grow by USD 5.72 billion from 2022 to 2027, the market is fragmented due to the presence of prominent companies like AISIN CORP., Akebono Brake Industry Co. Ltd. and Allied Nippon Pvt. Ltd. - Technavio
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Tuesday, September 26, 2023
The automotive brake pad market is fragmented owing to the presence of many global and regional companies.
Key Points:
- The automotive brake pad market is fragmented owing to the presence of many global and regional companies.
- A few prominent companies that offer automotive brake pad market are AISIN CORP., Akebono Brake Industry Co. Ltd., Allied Nippon Pvt.
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Akebono Brake Industry Co. Ltd. - The company offers automotive brake pads such as opposed piston-type disc brakes floating-type disc brakes, and friction materials. - One of the key factors driving the automotive junction box market growth is the penetration of hybrid and electric powertrains.