Global Friction Materials Market Growth 2023-2029

Global Friction Materials Market Growth 2023-2029

The global Friction Materials market size is projected to grow from US$ 25450 million in 2022 to US$ 33510 million in 2029; it is expected to grow at a CAGR of 4.0% from 2023 to 2029.

The key manufacturers of Friction Materials include Sangsin Brake, Akebono Brake, Nisshinbo, and Bosch, etc..The top four manufacturers all account for more than 3% of the world market, accounting for about 27%, in total.

The Asia-Pacific region is the largest market for friction materials, accounting for about 44% of the global market, followed by Europe and North America with about 26% and 20%, respectively.

In terms of product, it mainly include brake pads, brake linings, clutch discs, brake blocks and others. Brake pad is the main industry segment, accounting for more than 40% of the market. The brake lining market will further expand.

Friction materials are mainly used in passenger cars, commercial vehicles, motorcycles, railway, industrial machinery, construction machinery, agricultural machinery, wind turbines, aviation, and other aspects. Among them, passenger cars account for about 47%, which is the largest application market at present.

Friction materials—also known as brake materials and clutch materials—are used to induce friction in situations where slow or decreased movement is necessary. Friction is the resistance to relative motion that opposes an object’s direction of movement. Friction is created when a solid object comes into contact with a diverging surface. Friction can be used anywhere from slowing or stopping an object to accelerating it to a certain speed.

The report studies friction products (including brake pads, brake linings, clutch discs, brake blocks etc.) which are made from friction materials. They can be widely used in automotive, railway, industrial and aerospace field.

LPI (LP Information)' newest research report, the “Friction Materials Industry Forecast” looks at past sales and reviews total world Friction Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Friction Materials sales for 2023 through 2029. With Friction Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Friction Materials industry.

This Insight Report provides a comprehensive analysis of the global Friction Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Friction Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Friction Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Friction Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Friction Materials.

This report presents a comprehensive overview, market shares, and growth opportunities of Friction Materials market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Brake Pads
Brake Linings
Clutch Discs
Brake Blocks
Others

Segmentation by application
Passenger Cars
Commercial Vehicles
Motorcycles
Railway
Industrial Machinery
Construction Machinery
Agricultural Machinery
Wind Turbines
Aviation
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Akebono Brake
Knorr-Bremse
Nisshinbo
Bosch
Bremskerl
Continental
GMP Friction Products
Tenneco
Sangsin Brake
BorgWarner
Shandong Longji Machinery
Miba
Wabtec
Shandong Gold Phoenix
Alstom Flertex
Svendborg Brakes (Altra Motion)
Rane
Beijing Puran Railway Braking High-Tech
Carlisle Brake & Friction (CBF)
Beijing Tianyishangjia New Material
EBC Brakes
Aisin Chemical
Schaeffler
Vulkan
Tokai Carbon
BPW Group
Tribo
Escorts Kubota

Key Questions Addressed in this Report

What is the 10-year outlook for the global Friction Materials market?

What factors are driving Friction Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Friction Materials market opportunities vary by end market size?

How does Friction Materials break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.