Automotive Brake Friction Products Market Poised for USD 17.2 Billion by 2032, Growing at 4.8% CAGR

The automotive brake friction products market is set for notable growth over the coming years, with a projected CAGR of 4.8%. By 2032, the market is expected to reach a substantial value of USD 17.2 Billion. This anticipated increase reflects the rising demand for reliable and high-performance braking systems in vehicles. Factors such as advancements in brake technology, increased vehicle production, and stringent safety regulations are driving this growth.

As the automotive industry continues to innovate, the market for brake friction products is poised to expand significantly, offering ample opportunities for manufacturers and suppliers in this sector.

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Key Takeaways from the Automotive Brake Friction Products Market Report:

  • The replacement rate of brake friction products within vehicles is projected to be hampered by increasing the life of automotive brake friction products and sophisticated brake technology. Manufacturers of brake friction products now utilise more durable materials due to government restrictions that are stringent and the requirement to function in all types of environments.
  • It is projected that rapid advancements in brake friction products will lower the need for brake friction products by lowering the number of replacements in cars. Additionally, OEMs place a high priority on brake friction solutions with regulated friction, low wear, and noise-dampening properties.
  • Auto parts are in greater demand worldwide, which has attracted counterfeiters. Brake pads, brake linings, and other associated vehicle components are now more prevalent counterfeits that can’t be distinguished from the real thing. OEM-produced brake friction products are pricey yet of high quality.
  • In India, fake goods are to blame for about 20% of traffic accidents. FICCI reported that fake vehicle components caused the Indian government to lose USD 282,912 as a result. Several agencies have taken efforts to stop the illegal trade of car parts.
  • The car industry, the trade platform, and the U.K. government collaborated to establish a consumer education campaign to combat fake brake friction goods. Online retailers like Amazon and eBay have also expressed their opinions on purchasing aftermarket cars. The listing of brake pads and related components on Alibaba’s marketplace was prohibited.
  • During the historic period from 2017 to 2021, the metallic disc material is projected to increase at a pace of about 3.2%, and is expected to see a 4.5% CAGR during the forecast period. Due to its ability to resist heat, metallic materials are used more frequently in brake friction products. They are the perfect material for stopping against large machinery since they do not compress like ceramic material does.
  • Brake shoes are expected to experience the fastest growth in the aftermarket with regard to product type. From 2017 to 2021, brake shoes accounted for a 3.2% CAGR. Because they are located in the back of the automobile, brake shoes have a longer lifespan than brake pads because they have more room to produce the friction needed to stop the car. They also don’t need as much power to stop the car as brake pads do. Brake shoes are expected to expand at a 4.5% annual rate between 2022 and 2032.

Competitive Landscape:
Key players in the global automotive brake friction products market are massively aiming at expanding their manufacturing facilities, investing in research and development along with innovating new products.

The automotive brake friction products market features leading key players such as Robert Bosch, Nisshinbo Holdings Inc., Brembo S.p.A, Tenneco Inc., Federal-Mogul, Delphi, Akebono Brake Industries, ABS Friction, Bendix Spicer, Japan Brake Industrial Co., Ltd, and Toughla Brake Linings. These companies are at the forefront of innovation, focusing on advanced materials and technologies to enhance brake performance and durability. Their strategic initiatives, including research and development, mergers, and acquisitions, are pivotal in shaping the competitive landscape of the market.

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More Insights into the Automotive Brake Friction Products Market:
China is predicted to account for over 30% of the global automotive brake friction products market. China is expected to create an absolute dollar opportunity by accounting for a total market share of around USD 361.2 Million by 2032. With the rise in ABS and EBD brake technologies, the demand for brake friction products is increasing continuously. The market in China is anticipated to reach a market size of USD 1.2 Billion by 2032.

Japan accounted for around 24% of the global market share in automotive brake friction products in 2021. The absolute dollar opportunity growth in Japan is projected at USD 219.1 Million during the forecast period. Japan continues to extend its offering in the Middle East and Asia for Industrial and Automotive OE in the aftermarket. Japan’s anticipated market size in the automotive brake friction product market is expected to reach USD 924.7 Million during the forecast period.

Automotive Brake Friction Products Market Segmentation:

By Disc Materials:

  • Metallic
  • Ceramic
  • Composites

By Product Type:

  • Brake Shoes
  • Break Pad
  • Brake liner
  • Disc Brake
  • Drum Brake

By Vehicle Type:

  • Passenger Vehicles
  • Commercial Vehicles

By Region:

  • North America Automotive Brake Friction Products Market
  • Latin America Automotive Brake Friction Products Market
  • Europe Automotive Brake Friction Products Market
  • South Asia Automotive Brake Friction Products Market
  • East Asia Automotive Brake Friction Products Market
  • Oceania Automotive Brake Friction Products Market
  • Middle East & Africa Automotive Brake Friction Products Market

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