Bike Brake Pads Market By Type (Non-Threaded Post, Threaded Post, and Disc Pads), By Application (Mountain Bike, Road Bike, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Bike brake pads are an integral part that helps control the speed of the bicycle at all times, offering riders and pedestrians additional protection in case of sudden situations. The brake pads apply high pressure and friction to the bike brake rotors, which ultimately translates into a force that stops the bike, sometimes quite abruptly.

Bike Brake Pads market was valued at 1503.2 million US$ in 2022 and is projected to reach 2041.4 million US$ by 2030, at a CAGR of 3.9% during the forecast period.

Bike Brake Pads Market Revenue by, 2022-2030

Market Dynamics

The short service life of brake pads leading to repetitive purchases and rising consumer awareness concerning rider safety are the primary factors driving the market growth. The brake pads undergo continued wear-and-tear while applying friction to the rotors, and hence have to be periodically replaced to retain effectiveness in stopping the bicycles at all times. The repetitive purchase of new bike pads has increased product demand, thereby improving the growth prospects of the market. Additionally, riders and pedestrians are now actively aware of the importance of bike brake pads as protective equipment, increasing safety during bicycle riding. However, fluctuations in raw material pricing structure might hamper the market growth. The imposition of additional tariffs and taxes on the transport & shipping of raw materials over long routes would also increase the final pricing structure of the end products. The increasing investments in technological up-gradation of bike brake pads would provide lucrative opportunities for the market in the coming years. The ability to purchase products that display more exceptional durability and also enhance product performance is a crucial objective of continued research & development efforts, thereby offering key players new opportunities for product sales and business expansion during the forecast period.

Market Segmentation

The global Bike Brake Pads market is mainly classified based on Type and Application. The type segment is further segregated into Non-Threaded Post, Threaded Post, and Disc Pads. By Application, the market is divided into Mountain Bike, Road Bike, and Others.

The Threaded Post segment holds a substantial share in terms of overall market volume and share owing to enhancement in product performance and quick stoppage of bicycles in case of emergencies. Additionally, threaded brake pads provide a higher degree of friction, which eliminates the chances of accidents while riding, improving the security and safety of riders.

In terms of volume, the Road Bike segment by Application is estimated to reach 1,09,194 K Units; growing at a CAGR of 3.5% during forecast period. The increase in sales volume of road bikes as a direct consequence of their affordability and cost-effective maintenance have also influenced the high rate of brake pad installations, thereby propelling the prospects of the segment growth over the forecast period.

Regional Analysis

Based on geography, the global Bike Brake Pads market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific is a prominent region and holds a considerable share in terms of overall volume owing to the continued sale of bicycles as a preferred mode of transport in several developing countries and the presence of a significant consumer base that is still attracted by the affordability of bikes. The high spending power of the local consumers would also contribute to the growth prospects of the regional market.

Competitive landscape

The Bike Brake Pads market is highly fragmented, with several global and regional players competing in the existing market scenario to expand business opportunities through rising product sales and improvement in product performance. The extensive distribution network of local vendors catering to the regional customers has further intensified the market competitiveness with global players.

Key players operating in the Bike Brake Pads industry include SRAM, Campagnolo, Jagwire, Rex Articoli Tecnici, Alligator, DiscoBrakes, EBC Brakes, Promax, Ravx, Kool Stop, Shimano, and Dia Compe.

The expansion of business opportunities and market reach on a global scale through distributor agreements, and strategic partnerships are the primarily followed business strategies of the top players looking to capture substantial market share.

Bike Brake Pads Market Key Segments

By Type
• Non-Threaded Post
• Threaded Post
• Disc Pads

By Application
• Mountain Bike
• Road Bike
• Others

Key Global Bike Brake Pads Industry Players

• SRAM
• Campagnolo
• Jagwire
• Rex Articoli Tecnici
• Alligator
• DiscoBrakes
• EBC Brakes
• Promax
• Ravx
• Kool Stop
• Shimano
• Dia Compe

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Bike Brake Pads Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Short service life of brake pads leading to repetitive purchase
3.3.2. Rising consumer awareness concerning rider safety
3.4. Restraints
3.4.1. Fluctuations in raw material pricing structure
3.5. Opportunity
3.5.1. Increasing investments into technological upgradation of bike brake pads
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Non-Threaded Post
4.2.1. Market Size & Forecast
4.3. Threaded Post
4.3.1. Market Size & Forecast
4.4. Disc Pads
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Mountain Bike
5.2.1. Market Size & Forecast
5.3. Road Bike
5.3.1. Market Size & Forecast
5.4. Others
5.4.1. Market Size & Forecast

6. Bike Brake Pads Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Bike Brake Pads Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Bike Brake Pads Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Bike Brake Pads Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Bike Brake Pads Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Bike Brake Pads Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. SRAM
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. SRAM Product Category, Application, and Specification
7.1.3. SRAM Financial Performance (2015-2019)
7.1.4. Main Business/Business Overview
7.2. Campagnolo
7.3. Jagwire
7.4. Rex Articoli Tecnici
7.5. Alligator
7.6. DiscoBrakes
7.7. EBC Brakes
7.8. Promax
7.9. Ravx
7.10. Kool Stop
7.11. Shimano
7.12. Dia Compe