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The global Automotive Brake Pad Market was valued at around US$ 2.6 Billion in 2021, with a projected CAGR of 4.6% for the next ten years. The market is likely to reach a valuation of nearly US$ 4.2 Billion by the end of 2032. Future Market Insights’ analysis reveals that the market for Non-Asbestos Organic Brake Pad will see steady growth and is set to witness a 4.5% CAGR, during the forecast period.
Attribute | Details |
---|---|
Automotive Brake Pad Market Size (2022) | US$ 2.7 Billion |
Projected Market Value (2032) | US$ 4.2 Billion |
Global Market Growth Rate (2022 to 2032) | 4.6% CAGR |
Share of Top 5 Countries | More than 53% |
North America Market Share (2021) | ~41.4% |
United States Growth Rate (2022 to 2032) | ~3.9% |
Key Countries Profiled |
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In order to make driving more convenient and safe, automotive manufacturers are actively attempting to improve brake pad technology as a result of technological advancements. Apart from the traditional brake pads, manufacturers have developed brake pads into anti-lock braking systems (ABS) and anti-collision items. Due to the rise of hybrid and electric vehicles, regenerative braking and anti-lock brakes (ABS) have recently dominated the brake pad market in the USA and Europe. In 2020, the market for electric car regenerative braking pads was valued at US$ 3.5 billion. These technical improvements, such as regenerative braking and the introduction of a brake-by-wire system, have significant potential in developing countries, indicating a positive automotive brake pad market trend.
Defective brakes are one of the key reasons causing accidents in the UK, according to the Department for Transport Statistics. Innovation in braking technologies, concerns regarding the safety of the driver, and haphazardness on the roads, especially in developing countries are some of the factors which are causing a high demand for high-end automotive brake components. Awareness about the safety systems and safety regulations under the new car Assessment Programme will induce the demand for advanced electronic brake systems.
The USA Department of Transportation’s National Highway Traffic Safety Administration has put forward the manufacturing of automatic emergency braking systems (AEB). With low-speed AEBs, road crashes will reduce and therefore prevent the exposure of injuries. The Ministry of Road Transport and Highways proposed government of India and mandated anti-lock braking systems for new two-wheelers from April 1, 2018. These stringent norms will drive the brake pad manufacturers to develop advanced braking pads. From 2020, Ford, Honda, Kia, and Nissan equipped their new passenger vehicles with AEB.
While the use of Asbestos based brake pads is set to see a downfall due to its harmful effects leading to lung cancer and is banned in more than 55 countries including Japan, Australia, and European Union. However, Russia produces a large amount of asbestos with an annual production of approximately 790,000 million metric tonnes in 2020.
Due to several Covid-19 restrictions in many countries, the demand and supply chain for automotive brake pads had witnessed a significant drop. As the demand for vehicles was disrupted, automotive brake pad sales were lowered. China, which is the largest automobile manufacturer halted its supply chain which led to an immediate fall in its current production. Automotive components production is usually spread across countries, and with every country imposing its own protocol, it is likely to disrupt the supply chain management. However, at the beginning of 2021, the demand for automotive brake pads regained its presence with the recommencement of operations due to the emerging need for passenger and commercial vehicles.
Brembo S.p.A, a leading brake manufacturing company had a devastating impact where its profit fell by 24% in the first quarter of 2020. Their earnings before interest, tax, depreciation and amortization (EBITDA) fell to $110 Million in the first quarter and revenue dropped to 13.7%. However, after the resumption of manufacturing operations, the government was also making efforts to expand the regional demand to boost the market.
According to the Society of Indian Automobile Manufacturers (SIAM), the automotive Mission Plan 2021 to 2026 a joint vision by the Indian Automotive industry and the Government of India aims to reach a certain position in auto components, tractor industries, and vehicles in the next ten years. It also plans to focus on implementing policies that govern technology, manufacturing, import/export, and recycling of automotive vehicles, components, and services.
The absolute dollar opportunity growth in the USA is US$ 451.3 Million from 2022 to 2032 and is expected to witness a surge of 3.9% CAGR, during the forecast period. The growth is mainly driven by the advancement in technological improvements and an increase in the demand for electric vehicles. They are largely investing in Research and Development activities and focussing on strengthening the heat dissipation capacity. Moreover, increased trade operations, resulting in traveling longer distances are driving the demand for commercial transport vehicles.
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Non-Asbestos Organic Brake Pads remain the key material type from 2017 to 2021, and its market grew at 3.6% CAGR from 2017 to 2021. Asbestos being highly toxic has surged the demand for Non-Asbestos Organic brake pads. It is made up of fiberglass, rubber Kevlar and cellulose. Owing to its property of being soft and noiseless, it is used in manufacturing day-to-day vehicles. However, the use of Non-Asbestos Organic Brake Pad is limited in high-end vehicles due to increased wear and tear.
Ceramic brake pads are being highly utilized in hybrid and electric vehicles due to their sturdy feature that helps to retain high thermal resistance while following environmental protocols. Ceramic material type is anticipated to lead in revenue generation terms to the global electric vehicle market during the forecasted period. Ceramic Brake pads require less replacement and produce less dust than organic brake pads. Because of its structure, it wears down at a slower rate. Although the cost of manufacturing is higher, however, owing to the properties of noise it is preferred by most automotive brake manufacturers.
North America is expected to account for 41.4% of the market share in the automotive brake pad market by 2032. The growth is attributed to the increased innovation and full utilization of upcoming brake pad technology. Increased regulation by the USA government agencies such as EPA to manufacture copper-free brakes is also driving the automotive brake pad market to regain its influence in the USA The absolute dollar opportunity growth of the USA in the automotive brake pad market is US$ 451.3 Million from 2022 to 2032.
The absolute dollar opportunity growth of the market in China, in the automotive brake pad market, is expected to reach US$ 84.3 million by 2032. The market in China is expected to grow at a 3.6% CAGR during the forecast period. The growth can be attributed to improved knowledge among car makers and research in upgraded brake components. China’s anticipated market size will be US$282.2 Million by 2032 in the automotive brake pad market.
Automotive brake pad manufacturers are largely aiming at setting up manufacturing facilities, investing in Research and Development, innovating their products, and focusing on the development of brake pads that will prove to be optimal and have a longer shelf life. The key companies operating in the automotive brake pad market are Brembo S.p.A, Akebono Brake Company, Nisshinbo Brake Inc, Continental, Automotive GmbH, Bosch Limited, Tenneco Inc., Brakewel Automotive Components India Pvt. Ltd., Ranbro, Makino Auto Industries Pvt. Ltd, Japan Brake Industrial Co., Ltd. ZF Friedrichshafen AG and Hebei Huahua Friction Material CO., Ltd.
Some of the recent developments by key providers of the automotive brake pad market are as follows:
Similarly, recent developments related to companies manufacturing automotive brake pads Market have been tracked by the team at Future Market Insights, which is available in the full report.
The global Automotive Brake Pad Market was valued at US$ 2.7 Billion in 2022 and is expected to grow at a 4.6% CAGR, during the forecast period of 2022 to 2032
The market for Non-Asbestos Organic Brake Pad is projected to grow at 4.5% CAGR, from 2022 to 2032.
Brembo S.p.A,Akebono Brake Company, Nisshinbo Brake Inc, Continental, Automotive GmbH, Bosch Limited, Tenneco Inc., Brakewel Automotive Components India Pvt. Ltd., Ranbro, Makino Auto Industries Pvt. Ltd, Japan Brake Industrial Co., Ltd,. ZF Friedrichshafen AG and Hebei Huahua Friction Material CO., Ltd. are some of the key players in the Automotive Brake Pad Market
Commercial Vehicle is driving the demand for the Automotive Brake Pad Market and is expected to reach 4.5% CAGR during the forecasted period of 2022 to 2032.
United Kingdom, United States of America, China, Japan, and South Korea are expected to drive the most sales growth of automotive brake pad market
1. Executive Summary | Automotive Brake Pad Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Billion) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Billion) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Billion) Analysis By Material Type, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Material Type, 2022 to 2032 5.3.1. Metallic Brake Pad 5.3.2. Semi-Metallic Brake Pad 5.3.3. Ceramic Brake Pad 5.3.4. Asbestos Brake Pad 5.3.5. Non-Asbestos Organic Brake Pad 5.4. Y-o-Y Growth Trend Analysis By Material Type, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Material Type, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Billion) Analysis By Vehicle Type, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Vehicle Type, 2022 to 2032 6.3.1. Commercial Vehicle 6.3.2. Passenger Cars 6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Billion) Analysis By Region, 2017 to 2021 7.3. Current Market Size Value (US$ Billion) Analysis and Forecast By Region, 2022 to 2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 8.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 8.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 8.2.1. By Country 8.2.1.1. United Kingdom 8.2.1.2. Canada 8.2.2. By Material Type 8.2.3. By Vehicle Type 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Material Type 8.3.3. By Vehicle Type 8.4. Key Takeaways 9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Material Type 9.2.3. By Vehicle Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Material Type 9.3.3. By Vehicle Type 9.4. Key Takeaways 10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Material Type 10.2.3. By Vehicle Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material Type 10.3.3. By Vehicle Type 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Malaysia 11.2.1.5. Singapore 11.2.1.6. Australia 11.2.1.7. Rest of Asia Pacific 11.2.2. By Material Type 11.2.3. By Vehicle Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material Type 11.3.3. By Vehicle Type 11.4. Key Takeaways 12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of Middle East and Africa 12.2.2. By Material Type 12.2.3. By Vehicle Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material Type 12.3.3. By Vehicle Type 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. United Kingdom 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Material Type 13.1.2.2. By Vehicle Type 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Material Type 13.2.2.2. By Vehicle Type 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Material Type 13.3.2.2. By Vehicle Type 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Material Type 13.4.2.2. By Vehicle Type 13.5. Rest of Latin America 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Material Type 13.5.2.2. By Vehicle Type 13.6. Germany 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Material Type 13.6.2.2. By Vehicle Type 13.7. United Kingdom 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Material Type 13.7.2.2. By Vehicle Type 13.8. France 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Material Type 13.8.2.2. By Vehicle Type 13.9. Spain 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Material Type 13.9.2.2. By Vehicle Type 13.10. Italy 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Material Type 13.10.2.2. By Vehicle Type 13.11. Rest of Europe 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Material Type 13.11.2.2. By Vehicle Type 13.12. China 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Material Type 13.12.2.2. By Vehicle Type 13.13. Japan 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Material Type 13.13.2.2. By Vehicle Type 13.14. South Korea 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Material Type 13.14.2.2. By Vehicle Type 13.15. Malaysia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Material Type 13.15.2.2. By Vehicle Type 13.16. Singapore 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Material Type 13.16.2.2. By Vehicle Type 13.17. Australia 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Material Type 13.17.2.2. By Vehicle Type 13.18. Rest of Asia Pacific 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Material Type 13.18.2.2. By Vehicle Type 13.19. GCC Countries 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Material Type 13.19.2.2. By Vehicle Type 13.20. South Africa 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2021 13.20.2.1. By Material Type 13.20.2.2. By Vehicle Type 13.21. Israel 13.21.1. Pricing Analysis 13.21.2. Market Share Analysis, 2021 13.21.2.1. By Material Type 13.21.2.2. By Vehicle Type 13.22. Rest of the Middle East and Africa 13.22.1. Pricing Analysis 13.22.2. Market Share Analysis, 2021 13.22.2.1. By Material Type 13.22.2.2. By Vehicle Type 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Material Type 14.3.3. By Vehicle Type 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. ACDelco 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.2. AKEBONO BRAKE CORPORATION 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.3. Brake Parts Inc. LLC. 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.4. Brembo S.p.A. 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.5. Hebei Huahua Friction Material CO., Ltd. 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.6. Nisshinbo Holdings Inc. 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.7. Robert Bosch GmbH 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.8. SANGSIN BRAKE 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.9. ZF Friedrichshafen AG 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.10. Util Industries S.p.A. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
Table 1: Global Market Value (US$ Billion) Forecast by Region, 2017 to 2032 Table 2: Global Market Value (US$ Billion) Forecast by Material Type, 2017 to 2032 Table 3: Global Market Value (US$ Billion) Forecast by Vehicle Type, 2017 to 2032 Table 4: North America Market Value (US$ Billion) Forecast by Country, 2017 to 2032 Table 5: North America Market Value (US$ Billion) Forecast by Material Type, 2017 to 2032 Table 6: North America Market Value (US$ Billion) Forecast by Vehicle Type, 2017 to 2032 Table 7: Latin America Market Value (US$ Billion) Forecast by Country, 2017 to 2032 Table 8: Latin America Market Value (US$ Billion) Forecast by Material Type, 2017 to 2032 Table 9: Latin America Market Value (US$ Billion) Forecast by Vehicle Type, 2017 to 2032 Table 10: Europe Market Value (US$ Billion) Forecast by Country, 2017 to 2032 Table 11: Europe Market Value (US$ Billion) Forecast by Material Type, 2017 to 2032 Table 12: Europe Market Value (US$ Billion) Forecast by Vehicle Type, 2017 to 2032 Table 13: Asia Pacific Market Value (US$ Billion) Forecast by Country, 2017 to 2032 Table 14: Asia Pacific Market Value (US$ Billion) Forecast by Material Type, 2017 to 2032 Table 15: Asia Pacific Market Value (US$ Billion) Forecast by Vehicle Type, 2017 to 2032 Table 16: Middle East and Africa Market Value (US$ Billion) Forecast by Country, 2017 to 2032 Table 17: Middle East and Africa Market Value (US$ Billion) Forecast by Material Type, 2017 to 2032 Table 18: Middle East and Africa Market Value (US$ Billion) Forecast by Vehicle Type, 2017 to 2032
Figure 1: Global Market Value (US$ Billion) by Material Type, 2022 to 2032 Figure 2: Global Market Value (US$ Billion) by Vehicle Type, 2022 to 2032 Figure 3: Global Market Value (US$ Billion) by Region, 2022 to 2032 Figure 4: Global Market Value (US$ Billion) Analysis by Region, 2017 to 2032 Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032 Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032 Figure 7: Global Market Value (US$ Billion) Analysis by Material Type, 2017 to 2032 Figure 8: Global Market Value Share (%) and BPS Analysis by Material Type, 2022 to 2032 Figure 9: Global Market Y-o-Y Growth (%) Projections by Material Type, 2022 to 2032 Figure 10: Global Market Value (US$ Billion) Analysis by Vehicle Type, 2017 to 2032 Figure 11: Global Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032 Figure 12: Global Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032 Figure 13: Global Market Attractiveness by Material Type, 2022 to 2032 Figure 14: Global Market Attractiveness by Vehicle Type, 2022 to 2032 Figure 15: Global Market Attractiveness by Region, 2022 to 2032 Figure 16: North America Market Value (US$ Billion) by Material Type, 2022 to 2032 Figure 17: North America Market Value (US$ Billion) by Vehicle Type, 2022 to 2032 Figure 18: North America Market Value (US$ Billion) by Country, 2022 to 2032 Figure 19: North America Market Value (US$ Billion) Analysis by Country, 2017 to 2032 Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 22: North America Market Value (US$ Billion) Analysis by Material Type, 2017 to 2032 Figure 23: North America Market Value Share (%) and BPS Analysis by Material Type, 2022 to 2032 Figure 24: North America Market Y-o-Y Growth (%) Projections by Material Type, 2022 to 2032 Figure 25: North America Market Value (US$ Billion) Analysis by Vehicle Type, 2017 to 2032 Figure 26: North America Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032 Figure 27: North America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032 Figure 28: North America Market Attractiveness by Material Type, 2022 to 2032 Figure 29: North America Market Attractiveness by Vehicle Type, 2022 to 2032 Figure 30: North America Market Attractiveness by Country, 2022 to 2032 Figure 31: Latin America Market Value (US$ Billion) by Material Type, 2022 to 2032 Figure 32: Latin America Market Value (US$ Billion) by Vehicle Type, 2022 to 2032 Figure 33: Latin America Market Value (US$ Billion) by Country, 2022 to 2032 Figure 34: Latin America Market Value (US$ Billion) Analysis by Country, 2017 to 2032 Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 37: Latin America Market Value (US$ Billion) Analysis by Material Type, 2017 to 2032 Figure 38: Latin America Market Value Share (%) and BPS Analysis by Material Type, 2022 to 2032 Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Material Type, 2022 to 2032 Figure 40: Latin America Market Value (US$ Billion) Analysis by Vehicle Type, 2017 to 2032 Figure 41: Latin America Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032 Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032 Figure 43: Latin America Market Attractiveness by Material Type, 2022 to 2032 Figure 44: Latin America Market Attractiveness by Vehicle Type, 2022 to 2032 Figure 45: Latin America Market Attractiveness by Country, 2022 to 2032 Figure 46: Europe Market Value (US$ Billion) by Material Type, 2022 to 2032 Figure 47: Europe Market Value (US$ Billion) by Vehicle Type, 2022 to 2032 Figure 48: Europe Market Value (US$ Billion) by Country, 2022 to 2032 Figure 49: Europe Market Value (US$ Billion) Analysis by Country, 2017 to 2032 Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 52: Europe Market Value (US$ Billion) Analysis by Material Type, 2017 to 2032 Figure 53: Europe Market Value Share (%) and BPS Analysis by Material Type, 2022 to 2032 Figure 54: Europe Market Y-o-Y Growth (%) Projections by Material Type, 2022 to 2032 Figure 55: Europe Market Value (US$ Billion) Analysis by Vehicle Type, 2017 to 2032 Figure 56: Europe Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032 Figure 57: Europe Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032 Figure 58: Europe Market Attractiveness by Material Type, 2022 to 2032 Figure 59: Europe Market Attractiveness by Vehicle Type, 2022 to 2032 Figure 60: Europe Market Attractiveness by Country, 2022 to 2032 Figure 61: Asia Pacific Market Value (US$ Billion) by Material Type, 2022 to 2032 Figure 62: Asia Pacific Market Value (US$ Billion) by Vehicle Type, 2022 to 2032 Figure 63: Asia Pacific Market Value (US$ Billion) by Country, 2022 to 2032 Figure 64: Asia Pacific Market Value (US$ Billion) Analysis by Country, 2017 to 2032 Figure 65: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 66: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 67: Asia Pacific Market Value (US$ Billion) Analysis by Material Type, 2017 to 2032 Figure 68: Asia Pacific Market Value Share (%) and BPS Analysis by Material Type, 2022 to 2032 Figure 69: Asia Pacific Market Y-o-Y Growth (%) Projections by Material Type, 2022 to 2032 Figure 70: Asia Pacific Market Value (US$ Billion) Analysis by Vehicle Type, 2017 to 2032 Figure 71: Asia Pacific Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032 Figure 72: Asia Pacific Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032 Figure 73: Asia Pacific Market Attractiveness by Material Type, 2022 to 2032 Figure 74: Asia Pacific Market Attractiveness by Vehicle Type, 2022 to 2032 Figure 75: Asia Pacific Market Attractiveness by Country, 2022 to 2032 Figure 76: Middle East and Africa Market Value (US$ Billion) by Material Type, 2022 to 2032 Figure 77: Middle East and Africa Market Value (US$ Billion) by Vehicle Type, 2022 to 2032 Figure 78: Middle East and Africa Market Value (US$ Billion) by Country, 2022 to 2032 Figure 79: Middle East and Africa Market Value (US$ Billion) Analysis by Country, 2017 to 2032 Figure 80: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032 Figure 81: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032 Figure 82: Middle East and Africa Market Value (US$ Billion) Analysis by Material Type, 2017 to 2032 Figure 83: Middle East and Africa Market Value Share (%) and BPS Analysis by Material Type, 2022 to 2032 Figure 84: Middle East and Africa Market Y-o-Y Growth (%) Projections by Material Type, 2022 to 2032 Figure 85: Middle East and Africa Market Value (US$ Billion) Analysis by Vehicle Type, 2017 to 2032 Figure 86: Middle East and Africa Market Value Share (%) and BPS Analysis by Vehicle Type, 2022 to 2032 Figure 87: Middle East and Africa Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022 to 2032 Figure 88: Middle East and Africa Market Attractiveness by Material Type, 2022 to 2032 Figure 89: Middle East and Africa Market Attractiveness by Vehicle Type, 2022 to 2032 Figure 90: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
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