Automotive Brake Friction Products Market

Automotive Brake Friction Products Outlook (2022 to 2032)

The global Automotive Brake Friction Products were valued at around USD 10.4 Billionin 2021 with a projected CAGR of 4.8% for the next ten years.

Automotive Brake Friction Products Market Size (2022E)	USD 10.8 Billion
Projected Market Value (2032F)	USD 17.2 Billion
Global Market Growth Rate (2022 to 2032)	4.8% CAGR
Share of Top 5 Countries	More than 53%
North America Market Share (2021)	41.4%
United States Growth Rate (2022 to 2032)	4.1% CAGR
Key Countries Profiled	Robert Bosch; Nisshinbho Holdings Inc.; Brembo S.p.A; Tenneco Inc.; Federal-Mogul; Delhphi; Akebono Brake Industries; ABS Friction; Bendix Spicer; Japan Brake Industrial Co., Ltd; Toughla Brake Linings

The absolute dollar opportunity growth for automotive brake friction products is expected to be USD 6.5 Billion during the forecast period. The anticipated market size of automotive brake friction products is likely to reach USD 17.2 Billion by 2032.

Sales Analysis of Automotive Brake Friction product from 2017 to 2021 Vs Market Outlook for 2022 to 2032

The automotive brake friction products market achieved a growth rate of 3.6% from 2017 to 2021. Automotive Brake friction products comprise of Brake Pad, Brake Liner, Drum Brake, Brake Shoes, and Disc brake that helps in reducing the speed of a vehicle. Future Market Insights’ analysis reveals that metallic automotive brake friction products are the key revenue generator which will grow at a steady pace of 4.5% CAGR during the forecast period.

Metallic automotive brake friction products are used primarily in brake shoes. Revenue through brake shoes reported a growth rate of 3.1% from 2017 to 2021 and is expected to witness 4.2% during the forecast period.

How improvements in automotive brake friction products can change the market throughout the analysis period?

Development in automotive brake friction products can reduce the need for replacement in vehicles.

Improving the life of automotive brake friction products and advanced brake technology is likely to hamper the replacement rate of brake friction products in vehicles. Stringent government regulations and the need to operate in all environmental conditions have made the manufacturers of brake friction products use materials that increase durability.

Improvement in brake friction products will reduce the number of replacements in vehicles thus reducing the demand for brake friction products. Moreover, for OEMs, brake friction products that are less prone to wear, have noise dampening effect, durability, and controlled friction are paramount.

How is the market for automotive brake friction products affected by counterfeit products?

Increasingly global demand for automotive components has made it attractive for counterfeiters. There has been a rise in counterfeit products like brake pads, brake linings, and other related automotive components that makes them non-differentiable from the original products. Brake friction products manufactured by OEMs are expensive but of good quality.

Around 20% of accidents on Indian roads are caused by counterfeit products. According to the report of FICCI, counterfeit auto parts cost the government of India a loss of USD 282,912. To combat the illicit trading of automotive components, various agencies have taken action.

The UK government joined hands with the automobile industry and trading platform and launched a consumer awareness campaign to fight counterfeit brake friction products. Online platforms such as Amazon and eBay have also taken a stand on buying aftermarket vehicles. Alibaba banned the listings of offerings brake pads and related components on its platform.

Regional-Insights

How large is the market for automotive brake friction products in North America?

North America is expected to account for a 41.4% share of the automotive brake friction products market by 2032. The growth is attributed to increasing concern about safety and stringent regulations for brake friction products propelling the manufacturers to innovate in advanced brake friction technology.

California brake friction material regulation under the Department of Toxic Substances Control prohibits the sale of any vehicle containing more than 0.5% copper by weight by 2025. In 2022, the market size of the USA in the automotive brake friction product market is 87.9% and is expected to witness an absolute dollar opportunity growth of USD 1.9 Billion during the forecast period.

Country-wise Insights

How is the market for automotive brake friction products shaping in China?

China accounted for over 30% of the global Automotive Brake Friction Products demand in 2021. The absolute dollar opportunity of China, in the automotive brake friction products, is expected to reach 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.

How large is the market for automotive brake friction products in Japan?

Japan accounted for 24% of the global market share in automotive brake friction products in 2021. The absolute dollar opportunity growth in Japan has projected at USD 219.1 Million. The combined business of TMD friction and Tokyo-based Nisshinbo Holdings Inc is the largest manufacturer of automotive brake friction products globally.

It 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.

Category-wise Insights

Why is there a rising demand for metallic disc material in automotive brake friction products?

Market revenue through metallic disc material achieved a growth rate of 3.2% from 2017 to 2021 and is expected to witness a 4.5% CAGR during the forecast period. Metallic material is subject to higher use in brake friction products due to its capacity of being resistant to heat. They do not compress, unlike ceramic material which makes them ideal for stopping against heavy equipment.

How is the market for brake shoes in automotive brake friction products shaping up?

Based on product type, brake shoes are estimated to be the fastest-growing in the aftermarket. Brake shoes accounted for a 3.2% CAGR from 2017 to 2021. Brake shoes last much longer because of their location in the rear of the vehicle and create enough space to produce friction needed to stop the car and do not require as much stopping force compared to brake pads. The anticipated growth rate of brake shoes is 4.5% during the forecasted year of 2022 to 2032.

Competitive Landscape

Automotive brake friction product manufacturers are largely aiming at expanding their manufacturing facilities, investing in Research and Development, and innovating their products. The key companies operating in the automotive brake friction products market include ABS Friction, Bendix Spicer, Robert Bosch, Nisshinbho Holdings Inc., Brembo S.p.A, Tenneco Inc., Federal-Mogul, Delhphi, Akebono Brake Industries, Miba AG, Aisin Seiki Co., Ltd., Macas Automotive, Masu brakes Pvt Ltd, Sundaram Brake Linings Ltd, Standard Friction Components Ltd, Japan Brake Industrial Co., Ltd, and Toughla Brake Linings.

Some of the recent developments by key providers of flexible screens are as follows:

• In April 2022, Tenneco introduced advanced OE hybrid friction material composites that aim to serve to brake and need comfort in internal combustion engines (ICE) and electric vehicles (EVs). The new hybrid friction material will combine the benefits of low steel (LS) and non-asbestos-organic (NAO) composites. This unique hybrid composite material will specifically suit electric vehicles.
• In April 2022, Faraday Future Intelligent Electric Inc. declared Brembo as their main supplier for specialized caliper assembly for FF 91 EV which includes pistons, calipers, and brake pads. Their partnership will ensure high braking performance and a safer vehicle experience for the driver. ;
• In March 2022, Brembo announced its official partnership with Gran Turismo TM 7 for braking systems. Gran Turismo TM 7 will cover high performance and reliability in their unique braking solutions that will offer the best driving experience. Brembo is also making available its UPGRADE systems which will include Carbon Ceramic discs along with GT|BM calipers in 8 different colors.
• In March 2022, Brembo announce that it will supply customized braking components for the formula one world championship. The company will supply cars with hydraulic and friction parts including carbon discs and pads that will comply with the latest FIA regulation while committing to higher performance.
• In Feb 2022, Brembo added Dual Cast and Lightweight two-piece discs to its aftermarket operations. The new disc will use a special cast iron process, lighter-weight hats, pillar or directional venting, plus holes and grooves on the braking surface. It will ensure precise and firm braking performance and a lighter braking system, with additional environmental benefits.
• In October 2021, Rane Brake Lining expanded its market in North America to provide braking needs in commercial and passenger vehicles.
• In November 2020, Brembo acquired SBS friction, a developer of eco-friendly brake pads for motorbikes. The key objective behind this acquisition was to expand its current portfolio with a mission to innovate in environmentally sustainable products and maintain its position in high-quality brake friction products in the motorbike sector.
• In March 2019, a joint venture between Hella Pagid and TMD Friction expanded their product portfolio with a variety of disc brake pads for electric and hybrid vehicles. Their portfolio includes brake pads for the BMW i3 /i3 s and the VW e-Golf VII range of vehicles.
• In December 2019 Bosch introduced new severe duty brake pads for selected Ford and Lincoln. The new brake pads use Advanced Aerospace Alloy Transfer Layer Technology in the friction formula that is suited for high-class performance and longevity. These Severe Duty brake pads suit commercial vehicles which will provide maximum stopping power under extreme conditions.

Similarly, recent developments related to companies manufacturing the automotive brake friction products market have been tracked by the team at Future Market Insights, which is available in the full report.

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
• 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Disc Materials
  • 5.1. Metallic
  • 5.2. Ceramic
  • 5.3. Composites
• 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
  • 6.1. Brake Shoes
  • 6.2. Brake Pad
  • 6.3. Brake Liner
  • 6.4. Disc Brake
  • 6.5. Drum Brake
• 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
  • 7.1. Passenger Vehicles
  • 7.2. Commercial Vehicles
• 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Europe
  • 8.4. Asia Pacific
  • 8.5. Middle East and Africa (MEA)
• 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
• 14. Key Countries Market Analysis
• 15. Market Structure Analysis
• 16. Competition Analysis
  • 16.1. ABS Friction
  • 16.2. Akebono Brake Industry Co., Ltd.
  • 16.3. Bendix Spicer Foundation Brake, LLC
  • 16.4. Bosch Limited
  • 16.5. Carlisle Brake & Friction, Inc.
  • 16.6. Delphi Auto Parts
  • 16.7. Japan Brake Industrial Co., Ltd.
  • 16.8. Aisin Corporation
  • 16.9. Miba AG
  • 16.10. Nisshinbo Brake Inc.
• 17. Assumptions & Acronyms Used
• 18. Research Methodology