Global Friction Products Market Growth 2023-2029

Global Friction Products Market Growth 2023-2029

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

This Insight Report provides a comprehensive analysis of the global Friction Products 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 Products portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Friction Products market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Friction Products 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 Products.

The global Friction Products market size is projected to grow from US$ 8864.9 million in 2022 to US$ 12230 million in 2029; it is expected to grow at a CAGR of 12230 from 2023 to 2029.

Global key players of friction products include Akebono Brake, Nisshinbo, Bosch, Continental, GMP Friction Products, etc. Global top three manufacturers hold a share over 30%. North America is the largest producer of friction products, holds a share over 24%, followed by Japan, Europe, and China. In terms of product, brake pads is the largest segment, with a share over 41%. And in terms of application, the largest application is automotive, with a share over 70%, followed by industrial and railway.

This report presents a comprehensive overview, market shares, and growth opportunities of Friction Products 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
Automotive
Railway
Industrial
Aerospace
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
Nisshinbo
Bosch
Continental
GMP Friction Products
Tenneco
Bendix
Sangsin Brake
BorgWarner
Shandong Longji
Shandong Gold Phoenix
Svendborg Brakes (Altra Motion)
Carlisle Brake & Friction (CBF)
Aisin Chemical Co
Schaeffler
Vulkan
BPW Group

Key Questions Addressed in this Report

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

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

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

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

How does Friction Products 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.