Brake Friction Trends and Forecast
The future of the global brake friction market looks promising with opportunities in the passenger car, light commercial vehicle, trucks, and buses markets. The global brake friction market is expected to reach an estimated $13.8 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are growing vehicle parc & vehicle miles traveled to boost the aftermarke, increasing vehicle production, and rising adoption of lightweight materials in brake friction products.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Brake Friction by Segment
The study includes a forecast for the global brake friction by product type, vehicle type, and region.
Brake Friction Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Brake Disc
• Brake Pads
• Drum Brakes
• Brake Shoes
• Brake Liners
Brake Friction Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Cars
• Light Commercial Vehicles
• Trucks
• Buses
Brake Friction Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Brake Friction Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies brake friction companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the brake friction companies profiled in this report include-
• Robert Bosch
• Aisin Seiki
• Delphi
• Tenneco
• Nisshinbo
• Brembo
• Federal-Mogul
Brake Friction Market Insights
Lucintel forecasts that brake disc will remain the largest segment over the forecast period due to increasing mandates for stopping distance and growing safety regulations.
Within this market, passenger car will remain the largest segment due to increasing demand for premium and economy vehicles with advanced features.
APAC will remain the largest region over the forecast period due to increasing vehicle production and rising safety norms in India and China.
Features of the Global Brake Friction Market
Market Size Estimates: Brake friction market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Brake friction market size by product type, vehicle type, and region in terms of value ($B).
Regional Analysis: Brake friction market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, vehicle types, and regions for the brake friction market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the brake friction market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the brake friction market size?
Answer: The global brake friction market is expected to reach an estimated $13.8 billion by 2030.
Q2. What is the growth forecast for brake friction market?
Answer: The global brake friction market is expected to grow with a CAGR of 5.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the brake friction market?
Answer: The major drivers for this market are growing vehicle parc & vehicle miles traveled to boost the aftermarke, increasing vehicle production, and rising adoption of lightweight materials in brake friction products.
Q4. What are the major segments for brake friction market?
Answer: The future of the brake friction market looks promising with opportunities in the passenger car, light commercial vehicle, trucks, and buses markets.
Q5. Who are the key brake friction market companies?
Answer: Some of the key brake friction companies are as follows:
• Robert Bosch
• Aisin Seiki
• Delphi
• Tenneco
• Nisshinbo
• Brembo
• Federal-Mogul
Q6. Which brake friction market segment will be the largest in future?
Answer: Lucintel forecasts that brake disc will remain the largest segment over the forecast period due to increasing mandates for stopping distance and growing safety regulations.
Q7. In brake friction market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increasing vehicle production and rising safety norms in India and China.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the brake friction market by product type (brake disc, brake pad, drum brake, brake shoe, and brake liner), vehicle type (passenger car, light commercial vehicle, trucks, and buses), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Brake Friction Market, Brake Friction Market Size, Brake Friction Market Growth, Brake Friction Market Analysis, Brake Friction Market Report, Brake Friction Market Share, Brake Friction Market Trends, Brake Friction Market Forecast, Brake Friction Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.