Brake Friction Products Market is expected to witness growth at a compounded annual growth rate (CAGR) of 3.7% during the forecast period of 2022-2030

 

The global brake friction products market is expected to witness growth at a compounded annual growth rate (CAGR) of 3.7% during the forecast period of 2022-2030.

Products used in brake friction include those that help slow down or stop a moving object. These comprise a range of items such brake pads, shoes, drums, rotors, discs, and liners. The back of the brake pads, which are a crucial component of the disc braking system, is made of asbestos or has semi-steel plating. The vehicle can stop more easily thanks to these pads since they transform kinetic energy into mechanical energy. The disc brake system also includes two brake pads that are housed in a calliper that is attached to the disc. Brake shoes, which apply pressure to the brake drum's inner surface and halt rotation, are among the drum brake products.

                                                            

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Growth Drivers:

Globally rising safety standards and concerns, an increase in traffic accidents, more stringent emission standards for stopping distance and vehicle safety, particularly in Europe and North America, and an increase in the demand for and installation rate for brake discs in passenger cars are the main factors propelling the growth of this market.

Additionally, the top companies in the market for brake friction products are making significant investments to strengthen their R&D efforts. Manufacturers of component parts are being compelled to reduce component weight in order to lower emissions and improve fuel efficiency of automobiles as a result of the implementation of strict emission requirements. To reduce pollution caused by brake dust, for instance, Bosch has introduced a redesigned brake disc.

However, the growing developments in braking technologies to limit the use of friction material and the global ban on the use of asbestos as a friction material are projected to limit the growth of the global brake friction products market to some extent during the forecast period.

 

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Brake Friction Products Market Segmentation:

By Product Type:

·         Brake Discs

·         Brake Pads

·         Drum Brakes

·         Brake Shoes

·         Brake Liners

 

By Vehicle Type:

·         Passenger Cars

·         LCVs

·         HCVs

 

By Market Type:

·         Original Equipment Supplier (OES)

·         Independent Aftermarket

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

Key Companies in Brake Friction Products Market:

·         Continental

·         Delphi Automotive

·         SGL Carbon AG

·         Robert Bosch

·         AISIN CORPORATION

·         Nisshinbho Holdings Inc.

·         Brembo S.p.A

·         Tenneco Inc.

·         Federal-Mogul

·         TRW

·         Gold Phoenix

·         Klasik

·         BoyunAkebono Brake Industry

·         Bendix

·         Sangsin

·         Longji Machinery

·         MIBA AG

·         BPW

·         Hongma

·         Other Players

 

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