Automotive Brake Friction Market is expected to reach US$ 15.58 Bn by 2029, at a CAGR of 4.14% during the forecast period.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 2017 to 2022 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.To know about the Research Methodology :- Request Free Sample Report 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.
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.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 2022 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. 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. 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.Automotive Brake Friction Market Scope: Inquire before buying
Global Automotive Brake Friction Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 11.73 Bn. Forecast Period 2023 to 2029 CAGR: 4.14% Market Size in 2029: US $ 15.58 Bn. Segments Covered: by Type • Disc brakes • Drum brakes by Technology • Foundation brakes • Electronic brakes o Anti-locking braking system (ABS) o Electric park brake o Braking assistance o Predictive braking o Brake-by-wire o Slip control o Regenerative braking o Autonomous emergency braking (AEB) by Sales Channel • OEMs • Aftermarkets Automotive Brake Friction Market, by Region
● North America (United States, Canada and Mexico) ● Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) ● Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) ● Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) ● South America (Brazil, Argentina, Columbia and Rest of South America)Automotive Brake Friction Market, Key Players are:
• 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 Frequently Asked Questions: 1. Which region has the largest share in Global Automotive Brake Friction Market ? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Automotive Brake Friction Market ? Ans: The Global Automotive Brake Friction Market is growing at a CAGR of 4.14% during forecasting period 2023-2029. 3. What is scope of the Global Automotive Brake Friction Market report? Ans: Global Automotive Brake Friction Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automotive Brake Friction Market ? Ans: The important key players in the Global Automotive Brake Friction Market are – 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. 5. What is the study period of this Market? Ans: The Global Automotive Brake Friction Market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Brake Friction Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Brake Friction Market 3.4. Geographical Snapshot of the Automotive Brake Friction Market, By Manufacturer share 4. Global Automotive Brake Friction Market Overview, 2023-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Automotive Brake Friction Market 5. Supply Side and Demand Side Indicators 6. Global Automotive Brake Friction Market Analysis and Forecast, 2023-2029 6.1. Global Automotive Brake Friction Market Size & Y-o-Y Growth Analysis. 7. Global Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 7.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 7.1.1. Disc brakes 7.1.2. Drum brakes 7.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 7.2.1. Foundation brakes 7.2.2. Electronic brakes 7.2.2.1. Anti-locking braking system (ABS) 7.2.2.2. Electric park brake 7.2.2.3. Braking assistance 7.2.2.4. Predictive braking 7.2.2.5. Brake-by-wire 7.2.2.6. Slip control 7.2.2.7. Regenerative braking 7.2.2.8. Autonomous emergency braking (AEB) 7.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 7.3.1. OEMs 7.3.2. aftermarkets 8. Global Automotive Brake Friction Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 9.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 9.1.1. Disc brakes 9.1.2. Drum brakes 9.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 9.2.1. Foundation brakes 9.2.2. Electronic brakes 9.2.2.1. Anti-locking braking system (ABS) 9.2.2.2. Electric park brake 9.2.2.3. Braking assistance 9.2.2.4. Predictive braking 9.2.2.5. Brake-by-wire 9.2.2.6. Slip control 9.2.2.7. Regenerative braking 9.2.2.8. Autonomous emergency braking (AEB) 9.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 9.3.1. OEMs 9.3.2. aftermarkets 10. North America Automotive Brake Friction Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 11.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 11.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 11.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 12. Canada Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 12.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 12.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 12.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 13. Mexico Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 13.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 13.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 13.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 14. Europe Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 14.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 14.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 14.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 15. Europe Automotive Brake Friction Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 16.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 16.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 16.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 17. France Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 17.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 17.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 17.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 18. Germany Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 18.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 18.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 18.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 19. Italy Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 19.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 19.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 19.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 20. Spain Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 20.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 20.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 20.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 21. Sweden Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 21.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 21.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 21.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 22. CIS Countries Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 22.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 22.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 22.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 23. Rest of Europe Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 23.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 23.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 23.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 24. Asia Pacific Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 24.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 24.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 24.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 25. Asia Pacific Automotive Brake Friction Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 26.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 26.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 26.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 27. India Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 27.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 27.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 27.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 28. Japan Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 28.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 28.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 28.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 29. South Korea Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 29.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 29.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 29.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 30. Australia Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 30.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 30.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 30.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 31. ASEAN Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 31.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 31.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 31.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 32. Rest of Asia Pacific Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 32.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 32.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 32.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 33. Middle East Africa Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 33.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 33.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 33.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 34. Middle East Africa Automotive Brake Friction Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 35.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 35.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 35.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 36. GCC Countries Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 36.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 36.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 36.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 37. Egypt Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 37.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 37.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 37.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 38. Nigeria Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 38.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 38.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 38.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 39. Rest of ME&A Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 39.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 39.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 39.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 40. South America Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 40.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 40.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 40.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 41. South America Automotive Brake Friction Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 42.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 42.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 42.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 43. Argentina Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 43.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 43.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 43.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 44. Rest of South America Automotive Brake Friction Market Analysis and Forecasts, 2023-2029 44.1. Market Size (Value) Estimates & Forecast By Type, 2023-2029 44.2. Market Size (Value) Estimates & Forecast By Technology, 2023-2029 44.3. Market Size (Value) Estimates & Forecast By Sales Channel, 2023-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Automotive Brake Friction Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Miba 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Robert Bosch GmbH 45.5. Aisin Seiki Co., Ltd 45.6. Delphi Automotive LLP 45.7. Federal-Mogul Corporation 45.8. Brembo S.p.A 45.9. Akebono Brake Corporation 45.10. Nisshinbo Holdings Inc 45.11. Tenneco (US) 45.12. Miba (Germany) 45.13. SGL group (Germany) 45.14. TMD GROUP 45.15. TRW Automotive 45.16. MAT Holdings 45.17. ATE 45.18. ICER 45.19. BREMBO 45.20. Util Group 45.21. ABS Friction 45.22. Metek GmbH 45.23. ITT Corporation 46. Primary Key Insights