As per MRFR analysis, the Two Wheeler Brake Pads Market Size was estimated at 2.5 (USD Billion) in 2022. The Two Wheeler Brake Pads Market Industry is expected to grow from 2.7 (USD Billion) in 2023 to 4.5 (USD Billion) by 2032. The Two Wheeler Brake Pads Market CAGR (growth rate) is expected to be around 6.0% during the forecast period (2024 - 2032).
The market for two wheeler brake pads is expected to maintain steady growth in the near future, owing mainly to the rising two wheeler production along with the increasing acceptance of advanced braking systems. In addition, the continuous initiatives towards safety and imposition of more stringent emission norms are also contributing to the growth of the high-end brake pads market. Some of the latest advancements observed in the two-wheeler brake pad market include the usage of sintered metal pads, which have better durability and high-performance braking, and the rising acceptance of electric two wheelers that incorporate special brake pads to support the electric motors, which are different from the other two-wheeler types. Significant growth of the aftermarket for two wheeler brake pads is expected on account of the increasing population of two wheeler in use and, hence, the need for brake maintenance from time to time. However, the severity of the competition in the market, the emergence of cheap and competitive aftermarket products, and increasing environmental regulations are some of the threats to the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The popularity of two-wheelers, especially in developing countries is the major driver of the Two Wheeler Brake Pads Market Industry. Two-wheelers have become a very convenient and cheap mode of transport these days, with increased traffic on both urban and rural roads. Since the number of two-wheelers is increasing, the demand for Brake Pads is also increasing. This is because brake pads play an important role in the safety of both riders and pedestrians.If there are no proper brake pads, two-wheelers cannot stop suddenly, which may lead to an accident. The demand for two-wheelers will increase in future years, which in turn will increase the Two Wheeler Brake Pads Market Industry.
Another major driver of the Two Wheeler Brake Pads Market Industry is the increasing number of safety regulations that are being implemented around the world. These regulations are designed to improve the safety of two-wheelers and reduce the number of accidents and injuries. One of the most important safety regulations is the requirement for two-wheelers to be equipped with anti-lock braking systems (ABS). ABS is a safety system that helps to prevent the wheels of a two-wheeler from locking up during braking.This can help to improve the stability of the two-wheeler and reduce the risk of accidents. The increasing number of safety regulations is expected to continue in the coming years, which will, in turn, drive the growth of the Two Wheeler Brake Pads Market Industry.
The Two Wheeler Brake Pads Market Industry is also being driven by technological advancements. These advancements are leading to the development of new and improved brake pads that are more effective and durable. For example, some of the latest brake pads are made from ceramic materials, which are more resistant to wear and tear than traditional brake pads. These new brake pads can also provide better braking performance, which can help to improve the safety of two-wheelers.The increasing number of technological advancements is expected to continue in the coming years, which will, in turn, drive the growth of the Two Wheeler Brake Pads Market Industry.
The Two Wheeler Brake Pads Market is categorized into organic, sintered metal, and semi-metallic on the basis of material. Among these, the sintered metal segment accounted for the largest market share in 2023 and is expected to continue leading during the forecast period. Sintered metal brake pads offer high durability, heat resistance, and consistent braking performance under all weather and operating conditions, due to which they are extensively used. The organic segment is projected to record considerable market growth over the forecast period.These types of brake pads are increasingly being adopted owing to their eco-friendly nature, low noise and vibration levels, and minimal wear on the brake rotors. Moreover, increasing demand for sintered metal brake pads for racing and off-road applications is boosting the growth of this market. Semi-metallic brake pads are low cost and provide better performance compared to organic brake pads, although they may increase the noise and damage to rotors. The semi-metallic segment is expected to grow at a steady pace as they are increasingly being adopted in two wheelers.The Two Wheeler Brake Pads Market is expanding due to the growing adoption of two-wheelers, especially in developing economies. Moreover, rising demand for high-performance and safe brake systems is expected to drive market growth. In addition, two-wheeler brake pads are required by the government to meet high safety standards.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Two Wheeler Brake Pads Market segmentation by Brake Type includes Disc Type and Drum Type. The Disc Type segment is expected to hold the largest market share in 2023, owing to its superior braking performance and increasing adoption in high-end two-wheelers. The Disc Type segment is projected to grow at a CAGR of 5.6% during the forecast period, reaching a market size of USD 1.85 billion by 2032. The Drum Type segment is expected to grow at a CAGR of 4.8% during the forecast period, reaching a market size of USD 0.65 billion by 2032. The increasing popularity of two-wheelers in emerging markets and the growing demand for affordable braking solutions are key factors driving the growth of the Drum Type segment.
The Two Wheeler Brake Pads Market is segmented by Vehicle Class into Motorcycles, Scooters, and Mopeds. Among these segments, Motorcycles held the largest market share in 2023, accounting for over 55% of the Two Wheeler Brake Pads Market revenue. This dominance is attributed to the increasing popularity of high-performance motorcycles, which require advanced braking systems for safety and stability. Scooters and Mopeds are expected to witness significant growth over the forecast period due to their increasing adoption in urban areas as a convenient and affordable mode of transportation.The rising demand for electric two-wheelers is also anticipated to drive the growth of the Two Wheeler Brake Pads Market in the coming years.
The Two Wheeler Brake Pads Market is segmented into OE (Original Equipment) and Aftermarket Replacement based on application. The OE segment accounted for a larger market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of the OE segment can be attributed to the increasing production of two-wheelers, particularly in emerging markets. The Aftermarket Replacement segment is also expected to witness significant growth during the forecast period, driven by the rising popularity of two-wheelers and the need for regular maintenance and repairs.
The Two Wheeler Brake Pads Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share in the coming years due to the increasing demand for two-wheelers in countries such as India and China. Europe and North America are also expected to witness significant growth in the Two Wheeler Brake Pads Market due to the rising popularity of electric two-wheelers and the increasing awareness of safety regulations. South America and MEA are expected to experience moderate growth in the Two Wheeler Brake Pads Market due to the growing middle class and the increasing adoption of two-wheelers as a mode of transportation.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Two Wheeler Brake Pads Market industry leading players are seeking new ways to improve their products and services. They are also investing heavily in research and development in order to produce new and innovative products. Leading Two Wheeler Brake Pads Market players are also working on enhancing their global presence and increasing their market shares. Two Wheeler Brake Pads Market should be expected to grow significantly in the near future due to rising demand from emerging markets.Aisin Seiki is one of the leading players in Two Wheeler Brake Pads Market with a firm global presence. The company provides a broad range of two-wheeler brake pads, such as sintered metal, organic, and semi-metallic pads. The brake pads of Aisin Seiki are famous for their high quality and excellent performance. There is also a strong R team working at Aisin Seiki that is constantly involved in the development of new innovative products. The company’s global operations are now substantially expanding with manufacturing facilities in many countries.Brembo is another player in Two Wheeler Brake Pads Market that enjoys a firm global presence. The company offers a broad range of two-wheeler brake pads of sintered metal, organic, and semi-metallic pads. The Brembo brake pads are world-famous for their exceptional performance and high durability. Brembo now operates a strong R team, which always seeks to produce new innovative products. The global operations of the company are now substantially expanding with manufacturing facilities in many countries.
The global two-wheeler brake pads market is projected to experience steady growth over the next decade, driven by increasing two-wheeler sales and rising safety concerns. In 2023, the market was valued at approximately USD 1.59 billion and is expected to reach USD 2.5 billion by 2032, exhibiting a CAGR of 5.16%. The market growth is attributed to the rising demand for two-wheelers in developing countries, coupled with increasing awareness about road safety regulations. Furthermore, technological advancements, such as the development of ceramic brake pads with improved performance and durability, are expected to contribute to market growth. Recent news developments include the launch of new brake pad products by major manufacturers, such as Brembo's sintered brake pads for high-performance motorcycles, and the growing adoption of electric two-wheelers, which require specialized brake pads designed for regenerative braking systems.
| Report Attribute/Metric | Details |
| Market Size 2022 | 2.5 (USD Billion) |
| Market Size 2023 | 2.7 (USD Billion) |
| Market Size 2032 | 4.5 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 6.0% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Continental AG, Hitachi Astemo, Ltd., Akebono Brake Industry Co., Ltd., Aisin Seiki Co., Ltd., FederalMogul Holdings Corporation, SKF Group, Brembo S.p.A., ADVICS Co., Ltd., ZF Friedrichshafen AG, Mando Corporation, Nissin Kogyo Co., Ltd., Robert Bosch GmbH, TRW Automotive Holdings Corp., Sumitomo Electric Industries, Ltd., Trelleborg AB |
| Segments Covered | Material Type, Brake Type, Vehicle Class, Application, Regional |
| Key Market Opportunities | Rising electric two-wheeler sales Growing aftermarket demand Technological advancements Expanding the global presence of manufacturers Increasing consumer awareness about safety. |
| Key Market Dynamics | Rising awareness for safety Expanding two-wheeler industry Technological advancements Increasing disposable income Growing preference for premium brake pads |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Two Wheeler Brake Pads Market is expected to reach a valuation of 2.5 billion USD in 2023.
The Two Wheeler Brake Pads Market is projected to grow at a CAGR of 6.0% from 2024 to 2032.
The Two Wheeler Brake Pads Market is expected to reach a valuation of 4.5 billion USD by 2032.
North America is expected to hold the largest market share in the Two Wheeler Brake Pads Market throughout the forecast period.
Increasing demand for two-wheelers, growing awareness of safety, and stringent government regulations are key factors driving the growth of the Two Wheeler Brake Pads Market.
Major players in the Two Wheeler Brake Pads Market include Brembo, Bosch, EBC Brakes, Galfer, and TRW Automotive.
Different types of brake pads used in two-wheelers include organic, semi-metallic, and sintered metal brake pads.
Key applications of two-wheeler brake pads include motorcycles, scooters, and mopeds.
Challenges faced by the Two Wheeler Brake Pads Market include intense competition, fluctuating raw material prices, and technological advancements.
Opportunities for growth in the Two Wheeler Brake Pads Market include increasing two-wheeler sales, rising disposable income, and government initiatives promoting road safety.
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Team Lead - Research With a technical background as bachelor's in mechanical engineering, with mba in operations management , swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the automotive/a&d domain. swapnil has worked on major projects in verticals such as aerospace & defense, automotive and many other domain projects. he has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.
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