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Friction Pads Market Growth Drivers, Developments, Technology And Future Trends 2031
Friction Pads Market
Friction pads are components of disc brakes used in automotive and other applications. Friction pads are composed of steel backing plates with friction material bound to the surface that faces the disc brake rotors. Friction pads convert the kinetic energy of the vehicle into thermal energy through friction. Two friction pads are contained in the brake with their friction surfaces facing the rotor. When the brakes are hydraulically applied, the caliper clamps or squeezes the two pads together onto the spinning rotor to slow and stop the vehicle. When a brake pad heats up due to contact with the rotor, it transfers small amounts of its friction material onto the disc, leaving a dull grey coating on it. Friction pads are used in automotive, railways, aerospace, agriculture, and various other industries.
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Based on product type, the ceramic segment dominated the global friction pads market in 2020. This can be primarily ascribed to the increase in the demand for friction pads in various end-use industries, including automotive, railways, construction, mining, aerospace, and agriculture.
The global automotive sector is expected to expand considerably during the forecast period. Thus, the rise in production of automotive, railways, aerospace, and agriculture is projected to boost the demand for friction pads during the forecast period.
Manufacturers are focusing on the automotive industry, as the share held by this segment in the friction pads market is likely to increase during the forecast period.
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Friction Pads Market: Prominent Regions
Asia Pacific holds the major share of the global friction pads market. The market in the region is anticipated to expand at a CAGR of more than 4.77% during the forecast period. The increase in the demand for friction pads in various end-use industries such as automotive and agriculture is driving the friction pads market in Asia Pacific. China is a key country of the friction pads market in Asia Pacific. It held a significant share of the friction pads market in Asia Pacific in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Europe is also a prominent region of the global friction pads market. Germany led the friction pads market in Europe in 2020. The rise in the demand for friction pads in automotive and railway industries is driving the market in Germany.
Friction Pads Market: Major Players
The global friction pads market is consolidated with the presence of key players. Prominent players operating in the global friction pads market include AKEBONO BRAKE INDUSTRY CO., LTD., AISIN CORPORATION, Asimco, Robert Bosch GmbH, EBC Brakes, Japan Brake Industrial Co., Ltd, Brembo S.p.A, Nisshinbo, Tenecco Inc., TMD FRICTION HOLDINGS GMBH, ZF Friedrichshafen AG, Masu Brakes, Brake Parts Inc. LLC., Carlisle Brake & Friction, and Miba AG.
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Global Friction Pads Market: Segmentation
Friction Pads Market, by Product Type
Metallic
Sinter Metallic
Low Metallic
Non-Asbestos Organic (NAO)
Ceramic
Others (including Carbon, Resins, and Asbestos)
Friction Pads Market, by Business Type
Original Equipment
Aftersales
Friction Pads Market, by Application Type
Brakes
Disc Brakes
Drum Brakes
Others
Clutches
Others (Oil & Gas and Forestry)
Friction Pads Market, by End-use
Automotive
Railways
Construction
Mining
Aerospace
Agriculture
Others (including Heavy Machinery and Brake Blocks)
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MARKET INTRODUCTION
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