openPR Logo
Press release

Global Brake Friction Products Market | MarketsandMarkets

12-17-2021 10:00 AM CET | Tourism, Cars, Traffic

Press release from: MarketsandMarkets

Global Brake Friction Products Market | MarketsandMarkets

According to the new market research report "Brake Friction Products Market (OE & Aftermarket) by Type (Brake Disc, Pad, Drum, Shoe, Liner), Disc Type (Metallic, Composite, Ceramic), Liner Type (Molded, Woven), Vehicle Type (ICE, Electric, PHEV, OHV), and Region - Global Forecast to 2026", published by MarketsandMarkets™, The Brake Friction Products Market is projected to reach USD 13.3 billion by 2026 from USD 10.8 billion in 2021, at a CAGR of 4.3%.

Browse and in-depth TOC on "Brake Friction Products Market"
258 – Tables
58 – Figures
249 – Pages

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=35416213

Increasing demand for passenger cars with brake discs and developments in brake technology, stopping distance regulations are expected to drive the Brake Friction Products Market.

“Globally, the brake disc segment is expected to lead the market during the forecast period.”

The global brake friction market, which can be attributed to the increasing penetration of disc brake systems in different vehicle segments. The penetration of brake discs in passenger cars is increasing globally, key countries are shifting toward disc brake technology in passenger cars.

“Asia Oceania is projected to be the largest regional market“

The Asia Oceania market is estimated to be the largest market in 2021. The growth is attributed to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. Passenger car production has grown due to many factors such as an increase in population and increasing GDP post-COVID-19 in China, India, and Japan. Additionally, increasing disposable income in some of the most populated countries has increased the demand for premium and ultra-premium vehicles. Therefore, the adoption rate of SUVs and other vehicles has increased across the globe. SUVs, premium vehicles, and ultra-premium vehicles are equipped with disc brakes with less stopping distance. Due to the high-speed capacities and weight of the vehicle, these vehicles require a powerful braking system made of ceramic or carbon composite brake friction products. The key OEMs in this region include Brilliance Auto, Shanghai Automotive Industry Corporation (SAIC), Chery Automobile, Geely Automobile, Hawtai Motor Group, and Honda Motor Co., Ltd.

Request FREE Sample Report:
https://www.marketsandmarkets.com/requestsampleNew.asp?id=35416213

The Brake Friction Products Market is dominated by globally established players such as Robert Bosch (Germany), AISIN CORPORATION (Japan), Nisshinbho Holdings Inc. (Japan), Brembo S.p.A (Italy), and Tenneco Inc. (US) are the leading manufacturers of brake friction products in the global market.

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Brake Friction Products Market | MarketsandMarkets here

News-ID: 2502881 • Views: 497

More Releases from MarketsandMarkets

Carbon Credit Trading Platform Market Size to Hit $200.6 billion by 2027 | Nasda …
According to a research report "Carbon Credit Trading Platform Market by Type (Voluntary, Regulated), System Type (Cap and Trade, Baseline and Credit), End Use (Industrial, Utilities, Energy, Petrochemical, Aviation), and Region - Global Forecast to 2027" published by MarketsandMarkets, the carbon credit trading platform market size is estimated to be USD 200.6 billion by 2027 (forecast year) from USD 67.3 billion in 2022 (estimated year), at a CAGR of 24.4%
System Integrator Market to Witness the Highest Growth in North America Region
System integrator market for industrial automation is valued at USD 27.0 billion in 2022 and is anticipated to USD 35.5 billion by 2027; growing at a CAGR of 5.6% from 2022 to 2027. The growth can be attributed to a significant increase in adoption of IoT and cloud computing in industrial automation. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=223504983 System integrator market for industrial automation based on service outlook has been segmented into Hardware
Military Vehicle Electrification Market Set to Grow at the Fastest Rate- Time to …
The report provides an analysis of the Military Vehicle Electrification market from 2022 to 2027. Current industry and technology trends prevailing in the market, compiled with drivers, restraints, challenges, and opportunities that influence the market growth, have been discussed comprehensively in the report. The military vehicle electrification market will be USD 3.5 billion in 2022 and is projected to be USD 15.1 billion by 2027 at a CAGR of 34.1%
With 5.4% CAGR, Integrated Bridge Systems Market Growth to Surpass USD 7.9 billi …
The report on the integrated bridge systems market provides an analysis of the market from 2019 to 2027. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities that influence the growth of the market. The integrated bridge systems market is projected to grow from USD 6.1 Billion in 2022 to USD 7.9 Billion by 2027, at a CAGR of 5.4% from

All 5 Releases


More Releases for Brake

Brake Pad Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Mat …
Brake pads are used in automotive and other application and they are a component of brake disc. Brake pads are fixed in brake caliper and they helps in converting kinetic energy of vehicle into thermal energy. Increasing demand for environment friendly and light weight braking material is fueling the growth of brake pad. Studying and analyzing the impact of Coronavirus COVID-19 on the Brake Pad industry, the report provides in-depth analysis
Brake Pads, Rotors & Brake Shoes Market: Competitive Dynamics & Global Outlook 2 …
LP INFORMATION offers a latest published report on Brake Pads, Rotors & Brake Shoes Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the Brake Pads, Rotors & Brake Shoes market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024,
North America Industrial Brakes Market by Type (Mechanically-applied Brake, Hydr …
The North America industrial brakes market was valued at $146 million in 2017, and is projected to reach $189.48 million by 2025, growing at a CAGR of 3.4%. Industrial brakes play a crucial role in mechanical power transmission to deliver mechanical energy to shafts. This aids in facilitating motion in the industrial equipment. The speed of the motion can be controlled and subsequently used to deliver the desired action or
Global Car Brake Pads Market Analysis 2018 Forecasts To 2025 : Federal Mogul, BO …
Global Car Brake Pads Market Description:- Wiseguyreports.Com Adds “Global Car Brake Pads Market 2018: Global Analysis, Industry Size, Share, Trends, Application Analysis and Growth Opportunities Forecast to 2025” To Its Research Database Key Content of Chapters Part 1: Terminology Definition, Industry Chain, Industry Dynamics & Regulations and Global Market Overview Part 2: Upstream (Raw Materials / Components) & Manufacturing (Procurement Methods & Channels and Cost) , Major Regional Production Overview and Trade Flow Part 3: Product Segment Overview
Automotive Brake System & Components Market Report 2018: Segmentation by Product …
Global Automotive Brake System & Components market research report provides company profile for Nissin Kogyo, Bosch, Akebono Brake, Magneti Marelli, Mando, Brembo, Continental, ZF Friedrichshafen, Delphi, Valeo, Federal-Mogul and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018
Brake Linings Market Report for Period 2011 till 2023 - MAT Holdings, Meritor, J …
Global Brake Linings market report provides detailed analysis of companies namely MAT Holdings, Meritor, Japan Brake Industrial, Nsshnbo, Fuji Brake, Bendix, Sangsin, ICER, Marathon Brake System and Others. This report study includes global market statistics and analysis for example, company performance, historical analysis 2012 to 2016, market forecast 2017 to 2023 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2017 to 2023, etc. Brake linings are