The global brake pad industry was valued at US$ 16.4 billion in 2022. The market is anticipated to expand at a CAGR of 7.3% from 2023 to 2031 and is expected to reach US$ 30.9 billion by 2031. Rising automotive production, increasing replacement demand in the aftermarket sector, and growing emphasis on road safety are driving market growth globally. Brake pads are increasingly being utilized...