Saudi Arabia Brake Pad Market Forecast & Opportunities, 2021 – 2026
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Brake Pad Market Research Report: Forecast (2021-2026)” under Automotive category. The Saudi Arabia Brake Pad Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Based on Sales Channel, Aftermarket dominated the Saudi Arabia Brake Pad Market in 2019 as Saudi Arabia is an import-driven automotive market where around 40% of the vehicle are imported from Japan, South Korea and the US. Apart from this, the easy availability of low-cost brake pads with the equivalent safety and quality features that of OEM brake pads, thus inclining the customer preference toward the purchase of brake pad from the aftermarket industry. Moreover, substantial growth in the fleet size of passenger and commercial vehicle in the country is further projected to accentuate the growth of the aftermarket segment in the Saudi Arabia Brake Pad market in the coming years as revealed by our research report “Saudi Arabia Brake Pad Market Analysis, 2021”.
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“Saudi Arabia Brake Pad Market Analysis, 2021”, the market is anticipated to grow at a CAGR of 7% during 2021-26F. Saudi Arabia has one of the largest automotive and auto parts sales market in the Middle East region. The burgeoning import of passenger cars, commercial vehicles and light trucks along with surging customer inclination toward luxury car and growing demand for technology advance brake pad for safety, control, better performance are the driving factors expected to boost the market of brake pad in the forecast period. Besides this, safety standard and technical regulations for automobiles introduced by the government for mandatory anti-lock braking system in the automobile is anticipated to place a lucrative opportunity for the growth of the market in the forecast period
The key players with a considerable market 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 and future trends and regulations in the Saudi Arabia Brake Pad Market?
4. Who are the key competitors, what are their key strength and weakness and how they perform in Saudi Arabia Brake Pad Market based on competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of the Saudi Arabia Brake Pad Market study?
Market Outlook, Segmentation and Statistics
1) Impact of covid-19 on Saudi Arabia Brake Pad Market
a) Market Size & Analysis
i) By Revenues (USD Million)
ii) By Unit Solds
b) Market Share & Analysis
i) By Material Type
(2) Non-Asbestos Organic (NAO)
(3) Low-Metallic and Ceramic
ii) By Vehicle Type
(1) Passenger Car
(2) Light Commercial Vehicle
(3) Heavy Commercial Vehicle
iii) By Sales Channel
iv) By Region
v) By Company
(1) Revenue Shares
(2) Strategic Factorial Indexing
(3) Competitor Placement
vi) Saudi Arabia Brake Pad Market Policies, Regulations, Product Standard
vii) Saudi Arabia Brake Pad Market Hotspots & Opportunities
2) Competition Outlook
a) Competitor Wise Growth Strategies
b) Company Profiles
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