The global Automotive Brake Friction Products Market share is
expected to grow from US$ 10,387.3 million in 2021 to US$ 13,203.7 million by
2028; it is estimated to grow at a CAGR of 3.5% from 2021 to 2028.
The vehicle architecture is changing with the
evolution of the automobile industry, and many governments are forcing
automobile manufacturers to develop safety assurance cars. Thus, many key
players, along with governments, are investing a significant amount of capital
in developing efficient, reliable automotive products which is anticipated to
boost the automotive brake friction products market growth. However, regardless
of the future brake systems or vehicle architecture, brakes are the most
important driving safety components, positively impacting the automotive brake
friction products market. Vehicle architecture is evolving with the increasing
automated driving capabilities. The increased use of brakes as a result of
traffic congestion led to the changing of brakes; therefore, the demand for
brake pads is rising, resulting in the automotive brake friction products
market growth.
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List of 10 Players:
-
ABS Friction
-
Akebono Brake
Industry Co., Ltd.
-
Bendix Spicer
Foundation Brake, LLC
-
Bosch Limited
-
Carlisle
Brake & Friction, Inc.
-
Delphi Auto
Parts
-
Japan Brake
Industrial Co., Ltd.
-
Aisin
Corporation
-
Miba AG
-
Nisshinbo
Brake Inc.
Semi-metallic brake pads,
commonly known as "metallic brake pads," are readily available in the
market, with metal content ranging from 30% to 65%. Steel, copper, or other
metals are used to reinforce the metallic matrix. Their features such as high
strength and thermal conductivity is anticipated to propel the global
automotive brake friction products market. The metallic disc has advantages over
ceramic in terms of toughness and heat resistance which is also encouraging the
segment growth in the automotive brake friction products market. It is less
expensive and lends itself to heavy braking over a long stretch of road or
track as it has 60% metal in it. Semi-metallic brake pads are most commonly
found on high-performance race cars.
Asia Pacific is expected to be the largest automotive brake
friction products market during the forecast period. The automotive brake
friction products market growth in the region can be attributed to the
improving socio-economic conditions in emerging economies, such as China,
India, Indonesia, and Thailand. The increasing vehicle production and upcoming
stringent safety norms in China and India would also boost the automotive brake
friction products market in the coming years. China is estimated to dominate
the Asia Pacific automotive brake friction products market during the forecast
period. China is the world's largest vehicle manufacturer. Thus, the automotive
brake friction products market in China is estimated to grow at a high rate in
future. OEMs based in China are focusing on the adoption of lightweight
materials for brake friction products. Also, the presence of global players is
driving the adoption of safety features in vehicle models. For instance,
Shanghai Automotive Brake Systems Co., Ltd. is a joint venture between Huayu
Automotive Systems Company Limited and Continental AG and is one of the largest
suppliers of brake friction products in China.
Electric vehicles are projected to play an increasingly
important role in North American transportation networks owing to the falling
electric vehicle prices and increasing acceptance by the public. Studies claim
that electric vehicles would account for at least 65% of overall car purchases
in the US by 2050. As electric cars have regenerative braking in their system,
the requirement of hydraulic braking got reduced. Also, in 2020, the automobile
industry in the US delivered almost 14.5 million light vehicle units. Europe is
one of the largest automotive markets across the world. It is also a home to
many global automobile and vehicle part manufacturers. The future of the
automotive tire market looks promising in the region owing to the extension of
tariff wars, impact of new technologies such as autonomous and electric
vehicles, and change in the preferences of millennial and younger generation
consumers. The increasing prosperity of the overall automotive industry is
expected to boost the automotive brake friction products market growth in the
region during the forecast period
Metallic
brakes provide better braking performance in a broader range of temperatures
and conditions. They also do not compress as much as organic brakes, so less
brake pedal pressure is required to affect stopping ability. Organic or
non-asbestos aramid, kevlar, glass, or ceramic fibers are used to reinforce the
organic matrix of ceramic pads. Carbon ceramics are a high-performance material
made from a combination of fibers, powders, and expensive resins. It was
previously used in aerospace braking systems. Automobile manufacturers are now
employing this technology in personal and sports vehicles which is propelling
the automotive brake friction products market growth. Ceramic brakes are less
susceptible to deformation at extreme temperatures and last longer than
traditional brakes. Unlike conventional brakes, they do not corrode, even in
the winter. Metal brake discs are 50% heavier than ceramic brake discs. As a
result, a ceramic brake reduces the load of vehicles. Ceramic brakes are
excellent because they absorb heat from even the harshest, most abrupt stops.
These pads are cleaner and quieter and last longer than organic pads,
outperforming them.
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TABLE OF CONTENTS
1.
Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key
Takeaways
3.
Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Key Market Dynamics
5.1 MARKET DRIVERS
5.1.1 Increasing Rate of Vehicle
Production Will Fuel the Demand for Automotive Brake Friction Products
5.1.2 Traffic Congestion and Evolving
Vehicle Architecture to Increase the Demand for Replacement Units
5.2 MARKET RESTRAINTS
5.2.1 Improving the life of brake
friction products in order to influence demand for replacements
5.3 MARKET OPPORTUNITIES
5.3.1 Metal-Free Brake Pads Technology
in Electric Vehicles
5.4 FUTURE TRENDS
5.4.1 Rising trends towards enhanced
Vehicle Safety with ABS and EBD
5.5 Impact Analysis of Drivers and
Restraints
6. Global Market Analysis
6.1 Market Overview
6.2 Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players
7. By Disc Materials
8. By Product Type
9. By Vehicle Type
10. Geographic Analysis
Continued…
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Automotive
Brake Friction Products Market Manufacture, Automotive Brake Friction Products
Market Overview, Automotive Brake Friction Products Market Share, Automotive
Brake Friction Products Market Survey, Automotive Brake Friction Products
Market Regions, Automotive Brake Friction Products Market Research Report,
Automotive Brake Friction Products Market Forecast, Automotive Brake Friction
Products Market scope, Automotive Brake Friction Products Market Demand.
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