Brake Friction Products Market - Trends Forecast Till 2028

The Brake Friction Products Market is Segmented by Type (Discs, Pads, Blocks, Linings, and Other Types), Material (Ceramic, Asbestos, Semi-metallic, Sintered Metals, Aramid Fibers, and Other Materials), Application (Clutch and Brake Systems, Gear Tooth Systems, and Other Applications), End-user Industry (Automotive, Railway, Aerospace, Mining, and Other End-user Industries), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-AU-BFPM-632

Format:  

Number of Pages: 362

Domain: Automotive

Brake Friction Products Market – Trends Forecast Till 2028

The Global Brake Friction Products Market Size is forecast to grow at a CAGR of 5.3% during the forecast period 2021-2028.

Friction materials are used to provide or enhance friction to decelerate or stop the system. Friction materials majorly find applications in braking systems, where they are used in brake pads and brake linings.

Stringent brake emission norms, stopping distance and vehicle safety are some of the factors that have supported long-term expansion for Brake Friction Products Market.

Due to the COVID-19 crisis, there was a sudden drop in vehicle miles travelled (VMT) and customer foot traffic because of physical distancing and lockdowns. This will result in a slow economic recovery, which means that aftermarket demand may take years to recover to 2019 levels. With so many restraints, aftermarket players should take steps now to improve their business strategy and emerge stronger from the crisis.

Brake Friction Products Market Analysis

Asia Oceania region is expected to be the largest market. The growth can be attributed to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. The increased vehicle production and upcoming stringent safety norms in China and India will boost the brake friction products market.

Brake Friction Products Market is segmented into type, material, application, end user and region.

On the basis of Type

  • Disc
  • Pads
  • Blocks
  • Linings                                                           

On the basis of Material

  • Ceramic
  • Asbestos
  • Semi-metallic
  • Sintered metals
  • Aramid fibres

On the basis of Application

  • Clutch and brake systems
  • Gear tooth systems

On the basis of End-User Industry

  • Automotive
  • Railways
  • Aerospace
  • Mining

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Brake Friction Products Market Primary Respondent

 

Key Players

  • Nisshinbo Holdings Inc.
  • Akebono Brake Industry Co. Ltd
  • ITT Inc., Miba AG
  • ANAND Group
  • Robert Bosch
  • AISIN CORPORATION
  • Brembo S.p.A
  • Tenneco Inc.

Recent Developments

  • In March 2021, Brembo introduced its new Brembo Sport | T3 brake disc, a direct replacement for original equipment discs. It has two easily recognizable elements distinguishing it from the previous version - Type3 slotting and the Brembo logo engraved on the braking surface. These new technologies and design features are a first for a road disc.
  • In March 2021 TMD Friction, owned by Nisshinbo Holdings, upgraded the brake product segment by introducing brake linings for new vehicle models.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Brake Friction Products Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 5.3% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

type, material, application, end user and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Nisshinbo Holdings Inc., Akebono Brake Industry Co. Ltd, ITT Inc., Miba AG, ANAND Group, Robert Bosch, AISIN CORPORATION, Brembo S.p.A, and Tenneco Inc.

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