Global Friction Materials Market, By Product (Pads, Linings, Discs, Blocks, Others), Business Type (OE, Aftersales), Application (Brakes, Clutches), End-Use Industry (Automotive, Railway, Construction), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Friction Materials Market
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.
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.
These friction materials are able to withstand high wear and tear along with high temperature which acts as the vital factor escalating the market growth, also significant increase in demand for electric vehicles, extensively increasing services sector in several countries, rising lack of better inter-city public transportation facility in numerous countries is causing substantial increase in the private vehicle ownership and increasing demand in automotive sector due to rise in population which acts as the major factors among others driving the friction materials market. Moreover, increasing demand for lightweight friction products in automotive end-use industry and rising technological advancements and modernization in the friction materials which will further create new opportunities for the friction materials market in the forecast period of 2021- 2028.
However, rising prevalence of fake brake materials is a vital factor which acts as the major factors among others acting as restraints, while rising advancements in braking technologies to eradicate the use of friction materials which will further challenge the growth of friction materials market in the forecast period mentioned above.
This friction materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on friction materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Friction Materials Market Scope and Market Size
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.
Global Friction Materials Market Country Level Analysis
Friction materials market is analysed and market size, volume information is provided by country, product, business type, application and end-use industry as referenced above.
The countries covered in the friction materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the friction materials market due to rising demand for automotive, railway, and construction industries in countries such as China and India, rising economic growth of the countries present in this region and increased consumers spending on automobiles.
The country section of the friction materials market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Friction Materials Market Share Analysis
Friction materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to friction materials market.
The major players covered in the friction materials market report 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. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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