The Growing CSP Industry of Automotive Brake Pads in Canada.
The automotive aftermarket in Canada is important in ensuring that the country has millions of safe vehicles on the road and brake pads are still among the most important elements in this ecosystem. Due to a growing number of vehicles in the country, longer driving distances, and the development of the safety regulations, the brake pad segment is steadily gaining momentum. Learning about the forces that shape this industry can be of good understanding to both the manufactures, distributors, the repair and the investors as well. The significance of Brake Pads in the Safety of the Vehicle. Brake pads play a very essential role in braking mechanism of a vehicle as they transform kinetic energy to thermal energy as a result of friction. Their performance has direct effects on the stopping distance, driver control as well as the road safety. Brake pad quality and durability is of particular concern in Canada where vehicles have to operate in a wide range of weather conditions, such a...