Automotive Brake Friction Products Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

Market Overview

Automotive brake friction products consist of all the components that assist in either stopping or reducing the speed of the vehicle. Automotive brake friction products comprise various products, such as a brake pad, brake drum, brake shoe, disc and liner. Usually, a brake pad consists of an asbestos or a semi steel plated back facing the brake disc. They convert the kinetic energy of the vehicle into mechanical energy and assist the vehicle in stopping. Moreover, in disc brake systems, two brake pads are contained in a caliper that is mounted on the disc. In case of drum brakes, brake friction products, such as a brake shoe, push outward and stop the rotating motion of the brake drum.

Brake friction products are available in the market with different specifications depending upon the type of vehicle. During the braking process, brake friction products are subjected to wear. Attributing to this, many OEMs focus on manufacturing brake friction products that are capable of sustaining the generated heat. In order to improve the friction resistance properties, brake friction products are made of composite materials. Furthermore, various types of filler materials are also added while manufacturing brake friction products in order to improve their mechanical strength.

Automotive Brake Friction Products Market: Dynamics

The automotive brake friction products market is primarily driven by the increasing demand for environment friendly brake friction products that have appreciable heat resistant properties and increased mechanical strength. Moreover, with the introduction of electric vehicles that have regenerative braking systems, the demand for lightweight automotive brake friction products is anticipated to increase. This will support the anticipated growth of the brake friction products market over the assessment period. Furthermore, powder, metallurgic and organic type of brake frictional materials are trending in the automotive brake friction products market. Increase in the demand for carbon based brake frictional products is anticipated owing to favorable characteristics, such as better wear resistance and ecofriendly properties.

The brake friction products market is anticipated to ramp up, owing to the anticipated increase in vehicle production over the assessment period. This will increase the demand for technologically advanced braking systems, which will further lead to the introduction of advanced automotive brake friction products in the near future. Furthermore, stringent government regulations and implementation of federal laws for increasing vehicle safety have compelled manufacturers to focus on increasing vehicle safety. This will further increase the demand for automotive brake friction products and promote growth of the automotive brake friction products market over the forecast period.

Counterfeit automotive brake friction products compel OEMs to lower their cost and pose a threat to their revenue stream. This could have a negative impact on anticipated growth of the automotive brake friction products market over the assessment period. Moreover, low operation life and high replacement cost act as restraints in the growth of the automotive brake friction products market.

Automotive Brake Friction Products Market: Regional Outlook

Attributing to the anticipated increase in commercial vehicle production in North America, the demand for brake friction products is projected to increase over the assessment period. Moreover, stringent government regulations in the European region, pertaining to increasing vehicle safety, will further surge the demand for automotive brake friction products and promote growth of the automotive brake friction products market over the forecast period. Urbanization and increasing population in the developing countries of Asia-Pacific will increase the production volumes in the coming future. This will create opportunities for further augmentation of the automotive brake friction products market over the assessment period.

Automotive Brake Friction Products Market: Market Participants

Examples of some of the market participants in the automotive brake friction products market are:

• Robert Bosch GmbH
• Akebono Brake Corporation
• Brembo S.p.A.
• Delphi Automotive plc.
• Aisin Seiki Co., Ltd.
• Nisshinbo Holdings
• Miba AG
• Macas Automotive
• Masu Brakes Pvt Ltd
• Sundaram Brake Linings Ltd
• Standard Friction Components Limited
• Toughla Brakelinings ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends and Issues and Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest Of Latin America)
• Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
• Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.