MarkNtel Advisors recently published a report, titled, ” Saudi Arabia Brake Pad Market 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),. As per as the report The Saudi Arabia Brake Pad Market is projected to grow at around 7% CAGR during the forecast period, i.e., 2023-28.
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Growth Restraint: Increasing Penetration of EVs and Advancements in Braking Technologies
The automotive industry is undergoing rapid & significant technological advancements, including the advent of EVs (Electric Vehicles), which have regenerative braking systems that put less strain on traditional brake pads. Hence, the ever-increasing prevalence of EVs and advancements in braking technologies are likely to impact the demand for traditional brake pads in the long term and hinder the fledged expansion of the Saudi Arabia Brake Pads Market.
Leading Companies in Saudi Arabia Brake Pad Market:
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.
Saudi Arabia Brake Pad Market Segmentation:
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
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By Region
-North
-East
-West
-South
-Central.
Key questions answered in the Saudi Arabia Brake Pad Market are:
•What is Saudi Arabia Brake Pad Market?
•What was the market size in 2020?
•What is the growth rate of the Saudi Arabia Brake Pad Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Saudi Arabia Brake Pad Market?
•What segments are covered in the Market?
•Who are the key players in the Saudi Arabia Brake Pad Market?
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