Global Automotive Brake Friction Market

Global Automotive Brake Friction Market is anticipated to reach US$ 15.83 Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX% during a forecast period.
Global Automotive Brake Friction Market Overview

Brakes are mainly used to stop or reduce the speed of the vehicle, which are generated between the wheels of a vehicle and the road surface. Increasing automobile industry globally and campaigns by government council to grow the awareness of braking systems are influencing the automotive manufacturers to improve braking systems like electronic braking system (EBS), advanced brake system (ABS), and regenerative braking are the technological advancement for improving the braking system. This in return is expected to drive the growth of the automotive brake friction market globally.

The report covers the detailed analysis of the global automotive brake friction industry with the classifications of the market on the basis of distribution channel, flavors, application and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player’s contribution in it.

Global Automotive Brake Friction Market





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The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation of market size.
Global Automotive Brake Friction Market Dynamics

An increase in the automotive industry and the production of commercial and passenger vehicles have gain demand for the automotive brake friction market during the forecast period. Manufacturers are focusing to develop environment-friendly brake friction products and materials like nanomaterial’s, which can dissipate less heat and hold improved mechanical properties that are anticipated to propel the growth of the automotive brake friction market globally.
The growing electrification of vehicles has created the demand to develop lightweight automotive brake friction products. This is expected to fuel the growth of the automotive brake friction market during the forecast period.

The brake friction products such as brake shoes, brake pad, or brake liner have an average lifespan due to which they need to be replaced regularly to avoid wear and tear of products. Similarly, autonomous emergency braking is used to reduce the collision impact by applying brakes, which many a time fail to avoid collision completely. These factors are expected to hinder the growth of the automotive brake friction market during the forecast period.
Global Automotive Brake Friction Market Segmentation Analysis

By Type, the automotive brake friction market is segmented into disc brakes and drum brakes. Where disc brake segment is expected to dominate the automotive brake friction market globally. Earlier disc brake segment held the largest market share of XX% in 2019 and is expected to hold XX% market share during the forecast period.

The installation rate of disc brake system in vehicles is high in developed countries and is estimated to increase in developing countries such as India and Brazil. The main advantage of disc brake over drum brake is its ability to stop the vehicle safely and its effective dissipation of heat, which in return is expected to fuel the demand for disc brake globally.

Global Automotive Brake Friction Market

By Technology, the automotive brake friction market is segmented into foundation brakes and electronic brakes. Where electronic brake segment can be further divided into the anti-locking braking system (ABS), electric park brake, braking assistance, predictive braking, brake-by-wire, slip control, regenerative braking, and autonomous emergency braking (AEB).

The anti-locking braking system (ABS) is expected to boost the automotive brake friction market during the forecast period as it avoids wheel locking and skidding of the vehicle. In case of collision, the ABS system gives a warning to the driver if no action is taken by the driver it automatically applies to avoid the collision.

Thus, this makes the anti-locking braking system (ABS) witness growth in the automotive brake friction market during the forecast period. The increasing electrocution of vehicles is generating a regenerative braking system to account for a significant share of the automotive brake friction market during the forecast period.

By Sales Channel, the automotive brake friction market is segmented into OEMs and aftermarkets. Where aftermarket segment is expected to show growth during the forecast period as brake friction products have an average lifespan than the overall average lifespan of vehicles. Thus the products need to change regularly due to wear and tear, which created the demand for the aftermarket segment to grow during the forecast period.

Global Automotive Brake Friction Market

North America is the key market for automotive brake friction due to the growing production of vehicles in the region, increasing demand for cheap cars, favorable economic conditions and regulations made by the government to increase trade among countries in the region. This is expected to boost the demand for the automotive brake friction market during the forecast period.

Growing urbanization, industrialization and the strong presence of key vehicle manufacturers in countries such as China, Japan, and South Korea of Asia Pacific have led the global automotive brake friction market to hold a significant share during the forecast period. Similarly, developing countries like India and China have adopted automotive brake friction due to the rise in the automotive sector, which in turn is expected to boost the automotive brake friction market in the region during the forecast period.
Global Automotive Brake Friction Market Scope: Inquire before buying

Global Automotive Brake Friction Market
Global Automotive Brake Friction Market by Region

• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global Automotive Brake Friction Market Key Players

• Robert Bosch GmbH
• Aisin Seiki Co., Ltd
• Delphi Automotive LLP
• Federal-Mogul Corporation
• Brembo S.p.A
• Akebono Brake Corporation
• Nisshinbo Holdings Inc
• Tenneco (US)
• Miba (Germany)
• SGL group (Germany)
• TMD GROUP
• TRW Automotive
• MAT Holdings
• ATE
• ICER
• BREMBO
• Util Group
• ABS Friction
• Metek GmbH
• ITT Corporation

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