Press release
Emerging Trends Influencing The Growth Of The Brake Friction Products Market: Innovative Brake Friction Products Enhance Safety And Performance
Brake Friction Products
How Big Is the Brake Friction Products Market Size Expected to Be by 2034?
The brake friction products market has grown strongly in recent years. It is expected to grow from $11.09 billion in 2024 to $11.75 billion in 2025, at a compound annual growth rate (CAGR) of 5.9%. Growth is driven by the implementation of safety and environmental regulations, a shift towards performance-oriented braking systems, increased vehicle production, and the growing adoption of electric vehicles (EVs).
The brake friction products market is expected to reach $14.61 billion by 2029, growing at a CAGR of 5.6%. The market growth is driven by rising demand for high-performance, reliable braking systems, increasing vehicle ownership, efforts to reduce brake dust emissions, and growing infrastructure development. Key trends include sensor integration, the development of quieter braking systems, customization, research into new materials, and collaborations between industry players.
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What Are the Emerging Segments Within the Brake Friction Products Market?
The brake friction products market covered in this report is segmented -
1) By Product Type: Brake Disc, Pad, Drum, Shoe Liner
2) By Disc Material: Metallic Disc, Ceramic Disc
3) By Vehicle Type: Passenger Car, Lightweight Commercial Vehicle, Truck, Bus
Subsegments:
1) By Brake Disc: Cast Iron Brake Discs, Carbon-Carbon Brake Discs, Carbon Ceramic Brake Discs, Composite Brake Discs
2) By Brake Pad: Organic Brake Pads, Semi-Metallic Brake Pads, Ceramic Brake Pads, Low-Metallic Nao (Non-Asbestos Organic) Pads
3) By Brake Drum: Cast Iron Brake Drums, Steel Brake Drums, Composite Brake Drums
4) By Shoe Liner: Asbestos-Free Shoe Liners, Non-Asbestos Shoe Liners, Ceramic Shoe Liners, Organic Shoe Liners
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What Long-Term Drivers Are Shaping Brake Friction Products Market Trends?
The increasing number of autonomous vehicles is expected to drive the growth of the brake friction products market. Autonomous vehicles, which operate using advanced sensor technologies, require reliable brake systems to ensure safety. The increasing number of autonomous vehicles, driven by technological advancements and investments, is expected to drive the demand for brake friction products. The National Association of Insurance Commissioners reported in December 2022 that 3.5 million autonomous vehicles are expected to be on American roads by 2025, fueling the growth of the brake friction products market.
Who Are the Top Competitors in Key Brake Friction Products Market Segments?
Major companies operating in the brake friction products market are Meritor Inc., Miba HydraMechanica Corporation, H-E Parts International LLC, American Friction Inc., TMD Friction Holdings GmbH, Hilliard Corporation, Superior Graphite Co., Brake & Equipment Warehouse Inc., Raybestos Products Company, Cardolite Corporation, ProTec Friction Group, Midwest Brake, Logan Clutch Corporation, Phoenix Friction Products, Accurate Specialties, ALL FRICTIONS CO. LLC, Cook Bonding & Manufacturing Co. Inc., Cleveland Oak, Pyrogenics Group/MINTEQ, Clutch Engineering, Great Lakes Friction Products, Friction, The Rowland Company, Orttech
What Trends Are Expected to Dominate the Brake Friction Products Market in the Next 5 Years?
Major companies in the brake friction products market are introducing advanced solutions using absorbent glass mat (AGM) technology to enhance safety and reliability for conventional and autonomous vehicles. AGM technology improves lead-acid battery performance by using glass fiber mats to absorb acid, which enhances the reliability of braking systems. For instance, in July 2023, Bosch, a German engineering company, launched Blue Line brake pads, which offer high friction stability, low noise, vibration suppression, and excellent thermal stability.
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Which Regions Are Becoming Hubs for Brake Friction Products Market Innovation?
Asia-Pacific was the largest region in the brake friction products market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the brake friction products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Brake Friction Products Market?
2. What is the CAGR expected in the Brake Friction Products Market?
3. What Are the Key Innovations Transforming the Brake Friction Products Industry?
4. Which Region Is Leading the Brake Friction Products Market?
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