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Electric Vehicle Brake Pads Market - A Global and Regional Market Analysis

Focus on Product, Application, and Country Assessment - Analysis and Forecast, 2021-2026

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The electric vehicle brake pads market is expected to reach $289.2 Million by the end of 2026.

Factors driving the growth of the market include rising demand for electric vehicles, government regulation and policies toward sustainable world encouraging customers, and increase in demand for safety, better performance, and control.

Trends influencing the growth of the market include Impact of increasing electric vehicles on the aftermarket brake pads replacement industry, increasing popularity of lightweight brake pads for EVs, and better bond between the friction material and the backing plate.

Battery electric vehicle (BEV), Plug-in hybrid vehicle (PHEV), and Hybrid electric vehicle (HEV) are the propulsion types studied under the electric vehicle brake pads market

Key companies operating in the market include NRS Brakes, TRW Aftermarket, ATE Brakes, Akebono, BorgWarner, Brembo S.p.A., Aisin, Bendix, TENNECO INC., Robert Bosch GmbH, EBC Brakes, Heng Yu Friction Ltd., Shandong Zibo Yihaojia Auto Parts Co., LTD, Nanjing Jiu Long Auto Parts Co., Ltd., and Fujian Huari Automotive Parts Co., Ltd.

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