Brake Friction Products Market Report by Delvens offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Brake Friction Products Market size was estimated at USD 11.79 billion in 2023 and is projected to reach USD 16 billion in 2030 at a CAGR of 4.47% during the forecast to 2030.
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Brake friction products refer to the components used in braking systems to generate friction and facilitate the stopping or slowing down of vehicles. There are two main types of brake friction materials: disc brake pads and drum brake linings. Disc brake pads are steel backing plates with friction material bonded to the surface that faces the disc brake rotor.
They are commonly used in automotive and other applications. Drum brake linings, on the other hand, are used in drum brakes and provide friction against the drum to slow down or stop the vehicle. Brake friction products play a critical role in ensuring effective braking performance, safety, and durability in various types of vehicles.
The market for brake friction products is driven by several factors. One driver is the increasing demand for vehicles and the subsequent need for reliable and efficient braking systems. As the automotive industry continues to grow, the demand for brake friction products rises in tandem. Additionally, stringent brake emission norms and regulations drive the market as manufacturers focus on reducing emissions and increasing fuel efficiency.
The development of new technologies by tier-I companies and OEMs, along with investments in research and development, also contribute to the growth of the brake friction products market. These drivers collectively shape the market by addressing safety concerns, meeting regulatory requirements, and catering to the evolving needs of the automotive industry.
Competitive Landscape of Brake Friction Products Market:
· ABS Friction
· Aisin Seiki
· Akebono Brake Industries
· Bendix Spicer
· Brembo
· Continental AG
· Delphi
· Federal-Mogul
· FTE automotive
· ITT Inc.
· Japan Brake Industrial Co., Ltd
· Macas Automotive
· Masu brakes Pvt Ltd and More
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Regional Analysis
· Asia Pacific to Dominate the Market
· North America is estimated to account for the largest market share during the forecast period because of the rising demand for aftermarket brake parts.
· Moreover, the rapidly growing automotive industry also help to the market expansion in the area.
Key Findings
· Based on type, the market is segmented into Brake Disc, Pad, Drum, Shoe, Liner. Brake disc is expected to dominate the market in this segment. The superior performance of disc brakes, strict brake emission regulations, vehicle safety and stopping distance, and growing popularity of disc brake technology are anticipated to encourage vehicle use of this technology in the future.
· Based on disc type, the market is bifurcated into Metallic, Composite, Ceramic. Metallic disc type dominated the market in this segment. This is due to their low cost, high durability, and good performance under a wide range of conditions.
· Based on liner type, the market is segmented into Molded, Woven. Molded liners dominated the market in this segment. Molded liners are more durable and have a longer lifespan than woven liners. They are also less likely to fade under high temperatures and pressures. As a result, molded liners are the preferred choice for high-performance vehicles.
· Based on vehicle type, the market is segmented into passenger vehicles, commercial vehicles. Passenger vehicles dominated the market in this segment. This is due to factors such as higher production of passenger vehicles in recent years, shorter replacement cycles and growing demand for safety features.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia Pacific is estimated to account for the largest market share during the forecast period. This is primarily due to the region's large and growing automotive industry, as well as the increasing demand for aftermarket brake parts. China, India, and Japan are the key markets in the Asia Pacific region.
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