Market Overview: Mexico Automotive Brake Pad Market
MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Mexico Automotive Brake Pad Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Mexico Automotive Brake Pad Market Insights 2022-27
The Mexico Automotive Brake Pads Market is projected to grow at a CAGR of around 3.7% during the forecast period, i.e., 2022-27.
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Top Players in the Mexico Automotive Brake Pad Market:
Bosch Group
Wagner
ACDelco
Brembo
Akebono Brake Mexico S.A. de C.V.
Ferodo
Abex
Sangsin Brake Mexico
Woking Brakes
FRAS-LE
Segmentation Analysis of Mexico Automotive Brake Pad Market
Mexico Automotive Brake Pad Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Material Type
Semi-Metallic
Non-Asbestos Organic (NAO)
Low-Metallic and Ceramic
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Of them all, Semi-Metallic material acquired a notable market share in recent years. It owes to the vast application of semi-metallic materials in several passenger & racing vehicles, primarily due to their high performance & durability in brake pads. Besides, with the rapidly increasing production of passenger vehicles, the demand for brake pads with semi-metallic friction materials has observed a positive impact.
Moreover, the setup of new vehicle manufacturing units in Mexico by several automotive companies hint toward an upswing for the brake pad market during the forecast period. For Instance, in 2021, BMW announced its expansion plan in Mexico to produce its new sports line Series 2 Coupe, with around USD125 million investment.
-By Vehicle Type
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
-By Demand Type
OEM
Aftermarket
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