Automotive Brake Pads Market Size

Automotive Brake Pads Market size was valued at USD 3.78 billion in 2024 and is set to exceed USD 6.7 billion by 2037, expanding at over 4.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive brake pads is evaluated at USD 3.92 billion..

The growing demand for vehicles worldwide is a major factor that has contributed to this growth. In 2023, global vehicles production is estimated to reach around 26,413,029 vehicles as reported by International Organization of Motor Vehicle Manufacturers (OICA). The number of car buyers has increased significantly, which is leading to an increase in demand for brake drums as a result of rising incomes and urbanization.