What Is The Current and Historic Market Size Analysis Of The Brake Friction Products Market?
The brake friction products market has seen considerable growth due to a variety of factors.
• The brake friction products market has seen strong growth in recent years. It will grow from $11.09 billion in 2024 to $11.75 billion in 2025 at a CAGR of 5.9%.
This growth is attributed to the implementation of safety and environmental regulations, the shift toward performance-oriented braking systems, increased vehicle production, and the rise in electric vehicle (EV) adoption.
What Are The Predictions for The Brake Friction Products Market in the Coming Years?
The brake friction products market is expected to maintain its strong growth trajectory in upcoming years.
• The brake friction products market is projected to grow strongly, reaching $14.61 billion by 2029 at a CAGR of 5.6%.
Growth is attributed to higher demand for reliable braking systems, increasing vehicle ownership, brake dust emission regulations, and infrastructure development. Trends include sensor integration, quieter braking systems, customization, new material research, and collaborations.
Which Drivers Are Accelerating Growth In The Brake Friction Products Market?
The growing number of autonomous vehicles is expected to boost the brake friction products market. Autonomous vehicles, which use AI and advanced sensors to operate without human intervention, require brake friction products for safety and efficient performance. The National Association of Insurance Commissioners forecasted in December 2022 that 3.5 million autonomous vehicles would be on U.S. roads by 2025, growing to 4.5 million by 2030.
What Are The Core Segments Of The Global Brake Friction Products Market?
The brake friction products market covered in this report is segmented –
1) By Product Type: Brake Disc, Pad, Drum, Shoe Liner
2) By Disc Material: Metallic Disc, Ceramic Disc
3) By Vehicle Type: Passenger Car, Lightweight Commercial Vehicle, Truck, Bus
Subsegments:
1) By Brake Disc: Cast Iron Brake Discs, Carbon-Carbon Brake Discs, Carbon Ceramic Brake Discs, Composite Brake Discs
2) By Brake Pad: Organic Brake Pads, Semi-Metallic Brake Pads, Ceramic Brake Pads, Low-Metallic Nao (Non-Asbestos Organic) Pads
3) By Brake Drum: Cast Iron Brake Drums, Steel Brake Drums, Composite Brake Drums
4) By Shoe Liner: Asbestos-Free Shoe Liners, Non-Asbestos Shoe Liners, Ceramic Shoe Liners, Organic Shoe Liners
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What Emerging Trends Are Influencing The Growth Of The Brake Friction Products Market?
Companies in the brake friction product market are developing advanced products using absorbent glass mat (AGM) technology for improved safety and reliability in vehicles. AGM technology absorbs battery acid in a glass fiber mat, enhancing braking system performance. In July 2023, Bosch, a Germany-based engineering company, launched Blue Line brake pads, which provide superior friction stability, low noise, and excellent thermal stability for better braking performance.
Who Are the Key Players In The Brake Friction Products Market?
Major companies operating in the brake friction products market are:
• Meritor Inc.
• Miba HydraMechanica Corporation
• H-E Parts International LLC
• American Friction Inc.
• TMD Friction Holdings GmbH
• Hilliard Corporation
• Superior Graphite Co.
• Brake & Equipment Warehouse Inc.
• Raybestos Products Company
• Cardolite Corporation
• ProTec Friction Group
• Midwest Brake
• Logan Clutch Corporation
• Phoenix Friction Products
• Accurate Specialties
• ALL FRICTIONS CO. LLC
• Cook Bonding & Manufacturing Co. Inc.
• Cleveland Oak
• Pyrogenics Group/MINTEQ
• Clutch Engineering
• Great Lakes Friction Products
• Friction
• The Rowland Company
• Orttech
What Are The Regional Insights Into The Brake Friction Products Market?
Asia-Pacific was the largest region in the brake friction products market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the brake friction products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
