Press release
Friction Pads Market Forecast 2021-2031 - Market Size, Drivers, Trends, And Competitors
Friction Pads Market
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82870
Key Players and Market Developments
โข AKEBONO BRAKE INDUSTRY CO., LTD.
โข AISIN CORPORATION
โข Asimco
โข Robert Bosch GmbH
โข EBC Brakes
โข Japan Brake Industrial Co., Ltd
โข Brembo S.p.A
โข Nisshinbo, Tenecco Inc.
โข TMD FRICTION HOLDINGS GMBH
โข ZF Friedrichshafen AG
โข Masu Brakes
โข Brake Parts Inc. LLC.
โข Carlisle Brake & Friction
โข Miba AG
Impact of COVID-19 on the Friction Pads Market:
The pandemic-induced disruptions in the global supply chain led to raw material shortages and forced manufacturing units to shut down temporarily, resulting in volatility within the friction pads market. Notable instances include the impromptu shutdown of TMD Friction in the U.K., where a significant portion of the workforce was forced into isolation due to close contact with COVID-19 positive individuals. Such events hampered the market's growth trajectory.
Policy Changes and Market Stabilization:
In response to the challenges posed by the pandemic, governments worldwide implemented various measures to stabilize the market. One such example is the modification of self-isolation rules in the U.K., exempting fully vaccinated individuals from mandatory isolation after close contact with COVID-19 positive cases. These policy changes are expected to mitigate disruptions and stabilize market growth.
Emergence of Eco-Friendly Friction Pads:
The sustainability wave has permeated the friction pads market, driving the demand for eco-friendly materials devoid of harmful substances like antimony trisulfide and lead. This shift towards eco-friendly friction pads presents lucrative opportunities for market growth, fueled by increasing consumer awareness and regulatory initiatives promoting environmental sustainability.
Regenerative Braking in Electric Vehicles:
The burgeoning electric vehicle industry, characterized by the adoption of regenerative braking mechanisms, has emerged as a significant driver for the friction pads market. Regenerative braking technology, which converts kinetic energy into electrical energy, is widely used in electric vehicles, contributing to the demand for friction pads. Recent procurement of regenerative braking-equipped vehicles by entities like the San Francisco Municipal Transportation Agency underscores this trend.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=82870<ype=S
Rising Demand for Sintered Brake Pads:
The demand for sintered friction pads, particularly in high-energy applications like off-road vehicles, has surged due to urbanization and increased construction activities. Off-road vehicles utilized in construction and recreational sports activities rely on sintered brake pads for enhanced performance and durability. This trend is expected to fuel market growth, especially in regions experiencing rapid urbanization.
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