India Brake Pads Market Outlook to 2028

India Brake Pads Market Overview

The India brake pads market is poised for substantial growth reaching a market size of USD 1.20 Bn, driven by the rapid expansion of the automotive sector and increased safety awareness among vehicle owners. The growing number of vehicles on Indian roads, along with stricter government regulations on vehicle safety, is creating substantial demand for high-quality brake components. Brake pads are a crucial element of automotive braking systems, and their demand is projected to rise in both passenger and commercial vehicles as consumers prioritize performance and safety.

Major cities like Delhi, Mumbai, Bangalore, and Pune are experiencing heightened demand for brake pads due to the increasing vehicle population and urban traffic. The Indian governments focus on improving road safety standards and the enforcement of periodic vehicle maintenance have further boosted the need for durable and efficient brake systems. The rise in aftermarket services, especially in urban areas, is also driving the market as vehicle owners seek to replace worn-out brake pads with premium products.

The Indian government has enforced stringent safety standards, mandating the use of advanced braking systems in all vehicles. By 2024, over 25 million vehicles are expected to be fitted with ABS, as per the Ministry of Road Transport and Highways. This mandatory regulation increases the demand for reliable brake pads capable of meeting safety standards.

India Brake Pads Market Segmentation

By Vehicle Type: The market is segmented into Passenger Vehicles and Commercial Vehicles. Passenger vehicles account for the majority of the market share due to the sheer volume of cars sold annually in India. The demand for brake pads in this segment is largely driven by the need for frequent replacements in urban areas where traffic congestion results in higher brake usage. Commercial vehicles, including trucks and buses, represent a growing segment, particularly in industries reliant on transportation and logistics. With increased government investments in infrastructure and transportation, the commercial vehicle segment is expected to witness steady growth in brake pad demand.

By Sales Channel: The market is segmented into OEM (Original Equipment Manufacturer) and Aftermarket. OEMs dominate the market due to their direct association with vehicle manufacturers, ensuring the supply of brake pads during vehicle production. However, the aftermarket segment is rapidly gaining traction, particularly in urban and semi-urban regions where vehicle owners frequently replace brake pads to enhance performance and safety. The proliferation of local automotive service centers, along with the availability of high-quality aftermarket parts, is contributing to the growth of this segment.

India Brake Pads Market Competitive Landscape

The India brake pads market is highly competitive, with numerous global and domestic players competing for market share. Leading companies such as Bosch, TVS, Brembo, and Rane are continually introducing new products designed for specific vehicle models and driving conditions. The focus on quality, longevity, and performance is paramount in this competitive environment. Local manufacturers are also gaining ground by offering cost-effective alternatives that cater to the budget-conscious Indian consumer base.

Company

Establishment Year

Headquarters

Revenue (USD)

Product Portfolio

Market Presence

R&D Investment

Bosch

1886

Germany

TVS

1980

India

Brembo

1961

Italy

Rane

1929

India

Mando

1962

South Korea

India Brake Pads Industry Analysis

Growth Drivers

Growing Vehicle Population: As of 2023, Indias vehicle population crossed 300 million, with over 340 million being passenger vehicles. This rising number of vehicles is one of the primary factors driving the demand for brake pads. The increase in vehicle sales, coupled with the growing need for vehicle maintenance, is boosting the demand for replacement parts, particularly brake pads, which are subject to wear and tear with regular use. The robust growth in vehicle registrations indicates a consistent increase in demand for automotive components like brake pads across India.

Government Initiatives on Vehicle Safety: The Indian governments focus on vehicle safety and regulatory compliance, such as the mandate for Anti-lock Braking Systems (ABS) in all new vehicles, has amplified the importance of high-quality brake components. The Ministry of Road Transport and Highways reports that over 10 million vehicles produced since 2020 comply with ABS standards. As a result, the demand for advanced brake pads, including those used in ABS systems, is projected to grow. Additionally, the governments 'Make in India' initiative, which promotes local manufacturing, is encouraging domestic production of automotive components, providing a boost to the brake pads market.

Rise of Aftermarket Services: Indias automotive aftermarket is valued at $8 billion in 2024, driven by the increasing number of vehicles on the road. The rise in independent workshops and authorized service centers has increased demand for aftermarket brake pads, catering to older vehicles that require frequent brake replacements. Data from the Automotive Component Manufacturers Association of India (ACMA) reveals that aftermarket services contribute nearly 20% to Indias overall automotive component market

Market Challenges

Price Sensitivity Among Consumers: Indian consumers, especially in the mass-market segment, are highly price-sensitive when it comes to vehicle maintenance. Many vehicle owners prefer low-cost brake pad solutions, which limit the penetration of premium products. This price-conscious behavior creates challenges for global brands that focus on quality and innovation but struggle to compete with low-cost alternatives from local manufacturers. However, the focus on affordability often leads to compromises in the quality and durability of the product

Counterfeit Products in the Market: The presence of counterfeit brake pads poses a serious challenge in the Indian market. These counterfeit products, often sold at lower prices, compromise safety and performance, leading to a negative impact on the overall market. The availability of counterfeit goods through unauthorized dealers and online marketplaces affects the sales of authentic, high-quality brake pads, and weakens the credibility of reputable brands.

India Brake Pads Market Future Outlook

The India brake pads market is expected to witness robust growth over the next five years, driven by the expanding automotive sector, government regulations on safety, and the increasing need for vehicle maintenance. The rise of the aftermarket sector, along with advancements in braking technology, will further propel market growth as vehicle owners seek reliable and long-lasting brake components.

Future Market Opportunities

Shift Towards Premium Brake Pads: As disposable incomes rise and consumers become more safety-conscious, there is a growing demand for premium brake pads in India. The Ministry of Finance reports an 8% increase in per capita income between 2022 and 2024, leading to greater consumer preference for higher-end automotive components. Premium brake pads offer better durability, safety, and performance, especially for high-end cars and SUVs, which are witnessing an annual growth of 5 million units.

Expansion in Rural Markets: With over 70% of Indias population residing in rural areas, the demand for automotive products, including brake pads, is expanding beyond urban centers. According to the Reserve Bank of India, rural automobile ownership has grown by 12% between 2022 and 2024, supported by better road infrastructure and rising incomes. This presents a substantial opportunity for manufacturers to tap into an untapped market.
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