The Automotive Brake Pad Market is expected to grow from US$ 2,580.57 million in 2021 to US$ 3,342.58 million by 2028. It is estimated to grow at a CAGR of 3.8% during the period of 2021 to 2028. Brake pads create friction between the caliper and disc, which helps stop the car when pressed against the brake disc. The absence of brake pads extends the braking distance, and heat from the friction...

The global “Automotive Brake Pad Market” is expected to grow from US$ 2,580.57 million in 2021 to US$ 3,342.58 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2020 to 2028. The rising demand for passenger cars and stricter vehicle safety norms is driving the automotive brake pad market significantly. Manufacturers are improving brake pads and disc systems due to the...