Mexico Automotive Brake Pad Market Overview: 2022-2027
Base Year: 2021
Historical Years: 2017-20
Forecast Years: 2022-2027
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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Mexico Automotive Brake Pad Market Dynamics: 2022-2027
Market Dynamics:
Key Drivers
- Rapid establishments of Electric Vehicle manufacturing units in Mexico
- Massive investments by the industry leaders in R&D toward manufacturing lightweight & environment-friendly braking systems and advanced friction materials for enhanced vehicle control
- Burgeoning exports of automobiles to other regions toward boosting the country’s economy
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Mexico Automotive Brake Pad Market (2022-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Material Type
-Semi-Metallic
-Non-Asbestos Organic (NAO)
-Low-Metallic and Ceramic
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,
By Vehicle Type
-Passenger Car
-Light Commercial Vehicle (LCV)
-Heavy Commercial Vehicle (HCV)
By Demand Type
-OEM
-Aftermarket.
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Top Companies Operating 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.
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