Brake Friction Market by Size, Supplier, Demand Analysis, Type, Statistics, Regions and Forecast - 2028

The global brake friction market is anticipated to grow at a CAGR of 3.5% during the forecast period (2022-2028). Brake friction aims at developing the automobile related products which assist in either stopping or reducing the speed of the vehicle. They comprise all such modules that support the vehicle to stop or reduce speed of various products such as brake drums, brake shoes, brake pads, discs, and liners. Brake pads usually consist of asbestos or semi-steel plated with the back facing the brake disc. The market growth is majorly attributable to the increase in vehicle parc all over the globe. For instance, as per the International Organization of Motor Vehicle Manufacturers (OICA), total vehicle sales including the passenger cars and light commercial vehicles, had increased to 92,654,055 units in 2018 from 91,458,490 units in 2016. Such augmented vehicle sales have surged the vehicle parc in the last few years significantly. The increase in vehicle parc has fueled the global adoption brake friction in vehicles.
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Additionally, key drivers such as improved economic conditions coupled with the population growth have also led to an increase in vehicle production in many regions. This is also likely to support the market growth. Brake friction further converts the vehicle's kinetic energy into mechanical energy and support vehicle to stop, which is the key factor driving their increased application in vehicles. Further, the growth in the demand for hybrid and electric vehicles coupled with the usage of material which is light in weight also adds to the overall market growth.
Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Disc Material
o By Vehicle Type
o By Type
• Regions covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape: Robert Bosch GmbH, Aisin Seiki Co., Ltd., and Aptiv plc, among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Brake Friction Market Report by Segment
By Product Type
• Brake Disc
• Pad
• Drum
• Shoe and Liner
By Disc Material
• Metallic Disc
• Ceramic Disc
By Vehicle Type
• Passenger Car
• Lightweight Commercial Vehicle
• Truck and Bus
By Type
• Woven
• Molded
Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Recent Developments

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

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This release was published on openPR.