Global Friction Products and Materials Industry | In-Depth Market Survey on Top Players, Regional Demand, Revenue, Growth Factors and Forecast 2026

Friction materials resist the relative motion of surfaces sliding against each other and are made of woven fibers such as metal fibers, ceramics and other materials. Products made using friction materials are brake blocks, brake shoes, friction discs, clutch discs and others. The global friction products and materials market was valued at USD XX million in 2019 and is expected to grow at a CAGR of XX% between 2019 and 2026. Rapidly growing automotive industry is one of the major factor which is anticipated to drive the demand of friction products and materials during the forecast period.

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The global friction products and materials market is segmented on the basis of type into pads, lining, discs, blocks and others. Based on application, the market is segmented into brakes, clutches and industrial brake & transmission systems. On the basis of end use industry, the market is segmented into railway, aerospace, construction, automotive, marine and others. Moreover, on the basis of region, it is segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America.

On the basis of type, the market is split into

* Pads

* Lining

* Discs

* Blocks

* Others

On the basis of application, the market is split into

* Brakes

* Clutches

* Industrial Brake & Transmission Systems

On the basis of end use industry, the market is split into

* Railway

* Aerospace

* Construction

* Automotive

* Marine

* Others

Moreover, the market is classified based on regions and countries as follows:

* North America- U.S., Canada, Mexico

* Europe- Germany, France, UK, Spain, Italy

* Asia-Pacific- China, Japan, India, South Korea

* South America- Brazil, Argentina

* Middle East & Africa- Saudi Arabia, UAE, South Africa

Key Market Players

Key players profiled in the report includes:

1. Nisshinbo Holdings Inc.

2. Akebono Brake Industry

3. Federal-Mogul Holdings

4. MIBA AG

5. Carlisle Brake & Friction

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These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their operations across the globe

Key Benefits of the Report:

* Global, and regional, type, application & end use industry market size and their forecast from 2019-2026

* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing the growth of the market

* Detailed analysis on industry outlook with market specific PEST analysis, and Supply Chain to better understand the market and build expansion strategies

* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points

* Analysis on key player's strategic initiatives and competitive developments, such as agreements & joint ventures, mergers & acquisitions, expansion, and new product launches in the market

* Expert interviews and their insights on market trends, market shift, current and future outlook, and factors impacting vendors' short term & long term strategies

* Detailed insights on emerging regions, type, application & end use industry with qualitative and quantitative information and facts

Target Audience:

* Friction Products and Materials Equipment & Technology Providers

* Traders, Importers, and Exporters

* Raw Material Suppliers and Distributors

* Research and Consulting Firms

* Government and Research Organizations

* Associations and Industry Bodies

Research Methodology:

The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government & regulatory published articles, technical journals, trade magazines, and paid data sources.

For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, Application trends & dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:

* Manufacturers

* Suppliers

* Distributors

* Government Body & Associations

* Research Institutes

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