Pune India, April 28, 2022 (GLOBE NEWSWIRE) -- Brake Friction Market is anticipated to grow at a steady growth rate over the forecast period, owing to increased need for brake replacement owing to the rise in traffic congestion along with the stringent brake emission norms across the globe. The term brake friction applied to the either stopping or reducing the speed of the vehicle using a braking system which involves friction. In this system, friction is an act of two items rubbing together to reduce movement. For performing the function of braking, a friction brake utilizes friction among a stationary and a moving part of brake, which are pressed together during the process of braking.
Get Sample Copy of This Report @ https://greyviews.com/reports/global-brake-friction-market/11/request-sample
Key Insights & Findings:
- The brake disc segment led the brake friction market and valued at USD 3.61 Billion in 2020. This is mainly due the fact that, brake disc type of product have higher stopping power than drum brakes. In addition to this, the installation of disc brakes is high across the passenger cars in Europe and North America. However, this segment is also expected to witness highest growth rate during the forecast period.
- The metallic disc segment led the brake friction market and valued at USD 5.78 Billion in 2020. The improved braking performance across the wide range of conditions and temperatures primarily drives growth of this segment.
- The passenger car segment accounted for the largest market share and valued at USD 4.09 Billion in 2020. Growth of this segment is mainly driven by upsurge in production and sales of passenger vehicles due to increasing disposable incomes of populations.
- The molded segment accounted for the largest market share and valued at USD 5.50 Billion in 2020. The number of features such as wide ranging friction levels, low wear and low abrasion, and smooth & consistent friction primarily drives growth of the molded segment.
- The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia-Pacific region emerged as the largest market for the Brake Friction market and valued at USD 3.58 Billion in 2020. A number of factors such as a number of factors such as rapid growth of the automotive industry in China and Japan, increasing disposable income of populations, rapid economic growth, and demand for industrial vehicles due to rapid industrialization boosts demand for the Brake Friction in Asia-Pacific.
Key players operating in the global Brake Friction Market are Robert Bosch, AISIN CORPORATION, Nisshinbho Holdings Inc., Brembo S.p.A, Tenneco Inc., ABS Friction Inc., Delphi, Federal-Mogul, Meritor, and Akebono Brake Industry Co. Ltd. among others. To enhance their market share in the global Brake Friction market, the key vendors are now focusing on adopting the prominent strategies such as recent developments, product innovation, mergers & acquisitions, joint venture, collaborations, and partnership.
- For instance, in November 2020, Brembo, one of the leaders in the field of automotive disc brake technology acquired SBS Friction A/S, a Danish company which develops and manufactures innovative and eco-friendly sintered as well as organic material brake pads for motorbikes.
- In August 2020, TMD Friction, the manufactures brake friction materials for passenger cars and commercial vehicles launched Strong Ceramic (SC) friction material under its Nisshinbo brand. Nisshinbo is one of the leading original equipment suppliers to Asian vehicles.
Enquiry Before Buying This Report @ https://greyviews.com/inquiry/11
Global Brake Friction Market by Product Type:
- Brake Disc
- Pad
- Shoe
- Drum
- Liner
Global Brake Friction Market by Disc Material:
- Metallic Disc
- Ceramic Disc
Global Brake Friction Market by Vehicle Type:
- Passenger Car
- Lightweight Commercial Vehicle
- Truck
- Bus
Global Brake Friction Market by Type:
- Woven
- Molded
Global Brake Friction Market by Region:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Asia-Pacific
- Japan
- China
- India
- Korea
- Southeast Asia
- South America
- Brazil
- Peru
- Middle East and Africa
- UAE
- South Africa
- Saudi Arabia
About the report:
This research report gives detailed data about the major factors influencing the growth of the Brake Friction market at the national and local level forecast of the market size, in terms of value, market share by region, and segment; regional market positions; segment and country opportunities for growth; Key company profiles, SWOT, product portfolio and growth strategies. It studies the market essential sides such as top participants, expansion strategies, business models, and other market features to improve market insight.
Buy Now Full Report @ https://greyviews.com/checkout/11/single_user_license
Contact Us
Rocky Shah
GreyViews
Pune India
Phone: (+44) 162-237-1047
Email: sales@greyviews.com
Browse Related Reports:
Global Automotive Switch Market Size by Type (Ignition Switches, HVAC Switches, Overhead Console Switches, Steering Wheel Switches, Window Switches, Seat Control Switches, Door Switches, Multi-Purpose Switches, Hazard Switches, and Others), Design (Rocker Switches, Toggle Switches, Rotary Switches, Push Switches, and Other Switches), Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Sales Channel (Original Equipment Manufacturers and Aftermarket), Regions, Segmentation and Projection till 2028
https://greyviews.com/reports/global-automotive-switch-market/30
Global Automotive Interiors Market Size by Component (Cockpit Module, Flooring, Automotive Seat, Door Panel, Interior Lighting, and Other) Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), Material (Leather Fabric, Vinyl, Wood, Glass Fiber Composite, Carbon fiber Composite, and Metal), Autonomous Driving (Semi-Autonomous and Autonomous), and Electric Vehicle (BEV, FCEV, HEV, and PHEV) Regions, Segmentation and Projection till 2028.
https://greyviews.com/reports/global-automotive-interiors-market/28
Global Automotive Seats Market Size by Seat Type (Bucket and Bench/Split Bench), Technology (Standard, Powered, Heated, Heated & Memory, Heated & Ventilated, Heated, Ventilated, and Memory, Heated, Ventilated, Memory, and Massage), Trim Material (Fabric, Synthteic Leather, and Genuine Leather), Material (Aluminum and Steel), Component (Armrest, Pneumatic system, Seat belt, Seat frame & structure, Seat headrest, Seat height adjuster, Seat recliner, and Seat track) Vehicle (Passenger Car, Light Commercial Vehicle, Truck, and Bus) Electric Vehicle (BEV, PHEV, and FCEV) Off-Highway Vehicle (Construction /Mining Trucks and Agriculture Tractors) Regions, Segmentation and Projection till 2028
https://greyviews.com/reports/global-automotive-seats-market/26
Global Automotive Forging Market Size by Material (Aluminum and Steel), By Technology (Closed Die, Open Die, and Others), Components (Engine Components, Steering/chassis components, Transmission components, Drive Components, and Other Components), and Vehicle Type (Passenger Car, Light Commercial Vehicles, and Heavy Commercial Vehicles), Regions, Segmentation and Projection till 2028
https://greyviews.com/reports/global-automotive-forging-market/18
Global Hybrid Vehicle Market Size by Electric Powertrain type (Parallel Hybrid and Series Hybrid), Component type (Battery, Electric Motor, and Transmission), Propulsion (HEV, PHEV, and NGV, Hybridization (Full Hybrid, Micro-Hybrid, and Mild Hybrid), and Vehicle Type (Passenger Car and Commercial Vehicle), Regions, Segmentation and Projection till 2028
https://greyviews.com/reports/global-hybrid-vehicle-market/16
Global Brake Friction Market Size by Product Type (Brake Disc, Pad, Shoe, Drum, Liner), Disc Material (Metallic Disc and Ceramic Disc), Vehicle Type (Passenger Car, Lightweight Commercial Vehicle, Truck, and Bus), Type (Woven and Molded), Regions: Segmentation and Projection till 2028
https://greyviews.com/reports/global-brake-friction-market/11
Global Automotive Airbags & Seatbelts Market Size by Airbags Type (Frontal Airbags, Knee Airbags, and Side & Curtain Airbags) Seatbelts Type (2-point Seatbelts and 3-point Seatbelts), Vehicle (Passenger Cars (PC), Light Commercial Vehicle (LCV), Buses, and Trucks), Component (Airbag Inflator, Airbag Control Unit, and Airbag), and Electric Vehicle (BEV, FCEV, HEV, and PHEV) Regions, Segmentation and Projection till 2028.
https://greyviews.com/reports/global-automotive-airbags-seatbelts-market/2
