This Friction Materials Market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Magnet report simplifies managing marketing of goods and services effectively.
Friction materials market will grow at a rate of 4.60% for the forecast period of 2021 to 2028. Rising Upsurge in worldwide demand for passenger and commercial vehicles is a vital factor driving the growth of friction materials market.
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Market Overview:
Friction materials are also termed as brake or clutch materials. They are usually applied to halt or decrease the speed of a vehicle by the process of changing kinetic into thermal energy with the help of friction. The materials are present with a rough texture that help in reduction of stopping distance and time when the brakes are applied. The focus is also on weigh reduction of friction materials and brake.
Some of the major players operating in the Friction Materials Market are AKEBONO BRAKE INDUSTRY CO. LTD., Tenneco Inc, Miba AG, Fras-le, Nisshinbo Holdings Inc., AISIN SEIKI Co. Ltd., ANAND Group, Carlisle Brake & Friction, Robert Bosch GmbH, ABS Friction, Knorr-Bremse AG, Brembo, BREMSKERL REIBBELAGWERKE Emmerling GmbH & CO. KG, ITT INC., General Aviation Manufacturers Association, ICER BRAKES, Japan Brake Industrial Co. Ltd., LUMAG GmbH, Trimat Limited, and ZF Friedrichshafen AG. among other domestic and global players.
Global Friction Materials Market Scope
Friction materials market is segmented on the basis of product, business type, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
· Based on product, the friction materials market is segmented into pads, linings, discs, blocks and others. Others have been further segmented into rolls and sheets. Pads are generally used in brake systems and are visible to significant friction, that leads to wear and tear. Friction pads are less prone to release dust on abrasion and can withstand high temperature.
· On the basis of business type, the friction materials market is segmented into OE and aftersales.
· Based on application, the friction materials market is segmented into brakes and clutches. Brakes holds the largest share and further dominates the friction materials market in the forecast period mentioned above.
· The friction materials market is also segmented on the basis of end-use industry into automotive, railway and construction.
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Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Friction Materials Market Landscape
Part 04: Global Friction Materials Market Sizing
Part 05: Global Friction Materials Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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