Saudi Arabia Brake Pad

Saudi Arabia Brake Pad Market Research Report: Forecast (2021-2026)

By Material Type (Semi-Metallic, Non-Asbestos Organic (NAO), Low-Metallic and Ceramic), By Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Sales Channel (OEM, Afte Read more

  • Automotive
  • Feb 2021
  • 103
  • AT22015

According to MarkNtel Advisors’ research report, the Saudi Arabia Brake Pad Market is anticipated to grow at around 7% CAGR during the forecast period, i.e., 2021-26. Saudi Arabia is one of the largest automotive sales markets in the Middle East region. The burgeoning import of passenger cars, commercial vehicles, and light trucks, coupled with surging customer inclination toward luxury cars and growing demand for technologically advanced brake pads for safety, control, better performance, are the prime factors expected to drive the market in the forecast period.

Besides, safety standards & technical regulations for automobiles introduced by the government for a mandatory anti-lock braking system in vehicles are other crucial aspects expected to place a lucrative growth opportunity for the market in the forecast period, further states the research report, "Saudi Arabia Brake Pad Market Analysis, 2021."

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 7%
Key Companies Profiled FBK Manufacturing Malaysia Sdn Bhd, Alfred Teves Brake Systems (Pty) Ltd (Continental AG), Robert Bosch (Pty) Ltd, AC Delco, MAT Holdings, Inc. (Bendix), Tenneco Inc (Ferodo), Sangsin Brake Co., Ltd. (HI-Q), TRW Ltd Aftermarket (Road House), KBX Brakes
Unit Denominations USD Million/Billion

 

Market Segmentation

Aftermarket Dominated the Market

Based on Sales Channel, the Saudi Arabia Brake Pad Market bifurcates into OEM and Aftermarket. Of both, Aftermarket dominated the market in the previous few years as Saudi Arabia is an import-driven automotive market where around 40% of vehicles get imported from Japan, South Korea, and the US. Besides, the easy availability of low-cost brake pads with equivalent safety & quality features than that of OEM brake pads further inclines customers toward purchasing brake pads from the aftermarket industry.

Moreover, substantial growth in the fleet size of passenger & commercial vehicles across the country is another crucial aspect expected to fuel the Aftermarket segment during 2021-26, reveals MarkNtel Advisors in their research report, “Saudi Arabia Brake Pad Market Analysis, 2021.”

Saudi Arabia Brake Pad Market Research Report: Forecast (2021-2026)

 

Competitive Landscape

According to MarkNtel Advisors, the key players with a considerable share in the Saudi Arabia Brake Pad market include FBK Manufacturing Malaysia Sdn Bhd, Alfred Teves Brake Systems (Pty) Ltd (Continental AG), Robert Bosch (Pty) Ltd, AC Delco, MAT Holdings, Inc. (Bendix), Tenneco Inc (Ferodo), Sangsin Brake Co., Ltd. (HI-Q), TRW Ltd Aftermarket (Road House), KBX Brakes, Asimco Global Inc., etc.

Key Questions Answered in the Market Research Report 

  1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Saudi Arabia Brake Pad Market?
  2. What is the region-wise industry size, growth drivers, and challenges key market trends?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Saudi Arabia Brake Pad Market? 
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in Saudi Arabia Brake Pad Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Saudi Arabia Brake Pad Market study?

Market Outlook, Segmentation and Statistics 

  • Impact of covid-19 on Saudi Arabia Brake Pad Market
    • Market Size & Analysis
      • By Revenues (USD Million)
      • By Units Sold
    • Market Share & Analysis
      • By Material Type
        • Semi-Metallic
        • Non-Asbestos Organic (NAO)
        • Low-Metallic and Ceramic
      • By Vehicle Type
        • Passenger Car
        • Light Commercial Vehicle
        • Heavy Commercial Vehicle
      • By Sales Channel
        • OEM
        • Aftermarket
      • By Region
        • North
        • East
        • West
        • South
        • Central
      • By Company
        • Revenue Shares
        • Strategic Factorial Indexing
        • Competitor Placement in MarkNtel Quadrant
      • Saudi Arabia Brake Pad Market Policies, Regulations, Product Standard
      • Saudi Arabia Brake Pad Market Hotspots & Opportunities
  • Competition Outlook
    • Competitor Wise Growth Strategies
    • Company Profiles

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.

A. The measuring units of market size/industry size or the market value are USD Million and Units Sold.

A. The Saudi Arabia Brake Pad Market is anticipated to grow at a considerable rate during 2021-26.

A. FBK Manufacturing Malaysia Sdn Bhd, Alfred Teves Brake Systems (Pty) Ltd (Continental AG), Robert Bosch (Pty) Ltd, AC Delco, MAT Holdings, Inc. (Bendix), Tenneco Inc (Ferodo), Sangsin Brake Co., Ltd. (HI-Q), TRW Ltd Aftermarket (Road House), KBX Brakes, Asimco Global Inc., etc., are few of the leading players in the Saudi Arabia Brake Pad Market.

A. Light Commercial Vehicles are expected to attain the highest CAGR and maintain their significant market share during the forecast period.

A. The Aftermarket segment continues to grow at the highest CAGR, thereby presenting immense opportunities for the market players of the Saudi Arabia Brake Pad Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Saudi Arabia Brake Pad Market
  5. Saudi Arabia Brake Pad Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
      2. Unit Sold
    2. Market Share & Analysis
      1. By Material Type
        1. Semi-Metallic
        2. Non-Asbestos Organic (NAO)
        3. Low-Metallic and Ceramic
      2. By Vehicle Type
        1. Passenger Car
        2. Light Commercial Vehicle
        3. Heavy Commercial Vehicle
      3. By Sales Channel
        1. OEM
        2. Aftermarket
      4. By Region
        1. North
        2. East
        3. West
        4. South
        5. Central
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
      6. By Company (Top 5 companies and Others) (2019)
      7. Top 5 Part Numbers for Top 5 Companies (2019)
  6. Saudi Arabia Brake Pad Government Regulations and Policies
  7. Saudi Arabia Brake Pad Market Trends & Insights
  8. Saudi Arabia Brake Pad Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  9. Saudi Arabia Brake Pad Market Hotspot & Opportunities
  10. Saudi Arabia Brake Pad Market Key Strategic Imperatives for Success & Growth
  11. Competition Outlook
    1. Competition Matrix
      1. Research & Development
      2. Collaborations & Strategic Alliances
      3. Key Business Expansion Initiatives
      4. Business Restructuring- Mergers, Acquisitions, JVs
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. FBK Manufacturing Malaysia Sdn Bhd
      2. Alfred Teves Brake Systems (Pty) Ltd (Continental AG)
      3. Robert Bosch (Pty) Ltd
      4. AC Delco
      5. MAT Holdings, Inc. (Bendix)
      6. Tenneco Inc (Ferodo)
      7. Sangsin Brake Co., Ltd. (HI-Q)
      8. TRW Ltd Aftermarket (Road House)
      9. KBX Brakes
      10. Asimco Global Inc.
  12. Disclaimer
Saudi Arabia Brake Pad Market Segmentation