Brake Friction Products Market by Product Type (Brake Liner, Brake Pad, Brake Shoe), Material (Ceramic, Composite, Metallic), Distribution Channel, End-Use - Global Forecast 2023-2030
The Brake Friction Products Market is projected to reach USD 30.72 billion by 2030 from USD 17.49 billion in 2022, at a CAGR of 7.28% during the forecast period.
Market Segmentation & Coverage:This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Brake Friction Products Market.
- Based on Product Type, market is studied across Brake Liner, Brake Pad, Brake Shoe, Disc, and Drum. The Brake Pad commanded largest market share of 30.37% in 2022, followed by Brake Liner.
- Based on Material, market is studied across Ceramic, Composite, and Metallic. The Metallic commanded largest market share of 43.39% in 2022, followed by Ceramic.
- Based on Distribution Channel, market is studied across Independent Aftermarket and Original Equipment Manufacturer. The Original Equipment Manufacturer commanded largest market share of 71.83% in 2022, followed by Independent Aftermarket.
- Based on End-Use, market is studied across Automotive, Aviation, and Industrial. The Automotive is further studied across Heavy Commercial Vehicle, Light Commercial Vehicles, and Passenger Cars. The Automotive commanded largest market share of 41.32% in 2022, followed by Industrial.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.69% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:The FPNV Positioning Matrix is an indispensable tool for assessing the Brake Friction Products Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:The Market Share Analysis offers invaluable insights into the vendor landscape Brake Friction Products Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:The report delves into recent significant developments in the Brake Friction Products Market, highlighting leading vendors and their innovative profiles. These include ABS Friction Inc., AISIN Corporation, Akebono Brake Industry Co., Ltd., American Friction, ANAND Group, APLS Automotive Industries Pvt. Ltd., Brake Parts Inc. LLC by First Brands Group, Brembo S.p.A., Carlisle Companies Incorporated, Cook Bonding & Manufacturing Co., Inc., Fisher Barton, GMP Friction Products, Great Lakes Friction Products, Inc., Hi-Pad Brake Technology Co., Ltd., Hitachi Astemo, Ltd. by Hitachi, Ltd., ITT Inc., Logan Clutch Corporation, Masu Brakes Pvt. Ltd, Max Advanced Brakes, Meritor, Inc. by Cummins Inc., Miba AG, Muller Brakes America Inc., Nisshinbo Holdings Inc., ProTec Friction Group, Rane Group of Companies, Robert Bosch GmbH, SGL Carbon SE, Supergrip Friction Products, Tenneco Incorporated, and Umashakti Steels Pvt. Ltd..
The report offers valuable insights on the following aspects:- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:- What is the market size and forecast for the Brake Friction Products Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Brake Friction Products Market?
- What is the competitive strategic window for identifying opportunities in the Brake Friction Products Market?
- What are the latest technology trends and regulatory frameworks in the Brake Friction Products Market?
- What is the market share of the leading vendors in the Brake Friction Products Market?
- Which modes and strategic moves are suitable for entering the Brake Friction Products Market?
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