[250 Pages Report] The global Automotive Brake Friction Products were valued at around US$ 10.4 Billion in 2021 with a projected CAGR of 4.8% for the next ten years.
| Automotive Brake Friction Products Market Size (2022E) | US$ 10.8 Billion |
|---|---|
| Projected Market Value (2032F) | US$ 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 |
|
The absolute dollar opportunity growth for automotive brake friction products is expected to be US$ 6.5 Billion during the forecast period. The anticipated market size of automotive brake friction products is likely to reach US$ 17.2 Billion by 2032.
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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.
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.
Principal Consultant
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 US$ 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.
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 US$ 1.9 Billion during the forecast period.
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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 US$ 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 US$ 1.2 Billion by 2032.
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 US$ 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 US$ 924.7 Million during the forecast period.
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.
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.
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:
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.
The global Automotive Brake Friction Products was valued at US$ 10.4 Billion in 2021 and is expected to reach US$ 17.2 Billion by 2032.
Brake Shoes is set to witness the highest growth rate in the automotive brake friction product market by 4.5%, during the forecast period.
ABS Friction, Bendix Spicer, Robert Bosch, Nisshinbho Holdings Inc., Brembo S.p.A, Tenneco Inc, Federal-Mogul, Delphi, Akebono Brake Industries, and Aisin Seiki Co., Ltd are some of the key players in the automotive brake friction product market.
United States of America, United Kingdom, China, Japan and South Korea are expected to drive the most sales growth of Automotive brake friction products.
The market in USA is expected to reach a valuation of US$ 5.8 Billion by 2032.
1. Executive Summary | Automotive Brake Friction Products Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Billion) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Billion) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Disc Materials
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Billion) Analysis By Disc Materials, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Disc Materials, 2022 to 2032
5.3.1. Metallic
5.3.2. Ceramic
5.3.3. Composites
5.4. Y-o-Y Growth Trend Analysis By Disc Materials, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Disc Materials, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Billion) Analysis By Product Type, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Product Type, 2022 to 2032
6.3.1. Brake Shoes
6.3.2. Brake Pad
6.3.3. Brake Liner
6.3.4. Disc Brake
6.3.5. Drum Brake
6.4. Y-o-Y Growth Trend Analysis By Product Type, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Product Type, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Vehicle Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Billion) Analysis By Vehicle Type, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Billion) Analysis and Forecast By Vehicle Type, 2022 to 2032
7.3.1. Passenger Vehicles
7.3.2. Commercial Vehicles
7.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By Vehicle Type, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Billion) Analysis By Region, 2017 to 2021
8.3. Current Market Size Value (US$ Billion) Analysis and Forecast By Region, 2022 to 2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. United Kingdom
9.2.1.2. Canada
9.2.2. By Disc Materials
9.2.3. By Product Type
9.2.4. By Vehicle Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Disc Materials
9.3.3. By Product Type
9.3.4. By Vehicle Type
9.4. Key Takeaways
10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Disc Materials
10.2.3. By Product Type
10.2.4. By Vehicle Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Disc Materials
10.3.3. By Product Type
10.3.4. By Vehicle Type
10.4. Key Takeaways
11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Disc Materials
11.2.3. By Product Type
11.2.4. By Vehicle Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Disc Materials
11.3.3. By Product Type
11.3.4. By Vehicle Type
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Malaysia
12.2.1.5. Singapore
12.2.1.6. Australia
12.2.1.7. Rest of Asia Pacific
12.2.2. By Disc Materials
12.2.3. By Product Type
12.2.4. By Vehicle Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Disc Materials
12.3.3. By Product Type
12.3.4. By Vehicle Type
12.4. Key Takeaways
13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Billion) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Billion) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Disc Materials
13.2.3. By Product Type
13.2.4. By Vehicle Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Disc Materials
13.3.3. By Product Type
13.3.4. By Vehicle Type
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. United Kingdom
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Disc Materials
14.1.2.2. By Product Type
14.1.2.3. By Vehicle Type
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Disc Materials
14.2.2.2. By Product Type
14.2.2.3. By Vehicle Type
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Disc Materials
14.3.2.2. By Product Type
14.3.2.3. By Vehicle Type
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Disc Materials
14.4.2.2. By Product Type
14.4.2.3. By Vehicle Type
14.5. Rest of Latin America
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Disc Materials
14.5.2.2. By Product Type
14.5.2.3. By Vehicle Type
14.6. Germany
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Disc Materials
14.6.2.2. By Product Type
14.6.2.3. By Vehicle Type
14.7. United Kingdom
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Disc Materials
14.7.2.2. By Product Type
14.7.2.3. By Vehicle Type
14.8. France
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Disc Materials
14.8.2.2. By Product Type
14.8.2.3. By Vehicle Type
14.9. Spain
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Disc Materials
14.9.2.2. By Product Type
14.9.2.3. By Vehicle Type
14.10. Italy
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Disc Materials
14.10.2.2. By Product Type
14.10.2.3. By Vehicle Type
14.11. Rest of Europe
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Disc Materials
14.11.2.2. By Product Type
14.11.2.3. By Vehicle Type
14.12. China
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Disc Materials
14.12.2.2. By Product Type
14.12.2.3. By Vehicle Type
14.13. Japan
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Disc Materials
14.13.2.2. By Product Type
14.13.2.3. By Vehicle Type
14.14. South Korea
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Disc Materials
14.14.2.2. By Product Type
14.14.2.3. By Vehicle Type
14.15. Malaysia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Disc Materials
14.15.2.2. By Product Type
14.15.2.3. By Vehicle Type
14.16. Singapore
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Disc Materials
14.16.2.2. By Product Type
14.16.2.3. By Vehicle Type
14.17. Australia
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Disc Materials
14.17.2.2. By Product Type
14.17.2.3. By Vehicle Type
14.18. Rest of Asia Pacific
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Disc Materials
14.18.2.2. By Product Type
14.18.2.3. By Vehicle Type
14.19. GCC Countries
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Disc Materials
14.19.2.2. By Product Type
14.19.2.3. By Vehicle Type
14.20. South Africa
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2021
14.20.2.1. By Disc Materials
14.20.2.2. By Product Type
14.20.2.3. By Vehicle Type
14.21. Israel
14.21.1. Pricing Analysis
14.21.2. Market Share Analysis, 2021
14.21.2.1. By Disc Materials
14.21.2.2. By Product Type
14.21.2.3. By Vehicle Type
14.22. Rest of MEA
14.22.1. Pricing Analysis
14.22.2. Market Share Analysis, 2021
14.22.2.1. By Disc Materials
14.22.2.2. By Product Type
14.22.2.3. By Vehicle Type
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Disc Materials
15.3.3. By Product Type
15.3.4. By Vehicle Type
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. ABS Friction
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. Akebono Brake Industry Co., Ltd.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. Bendix Spicer Foundation Brake, LLC
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. Bosch Limited
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. Carlisle Brake & Friction, Inc.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. Delphi Auto Parts
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. Japan Brake Industrial Co., Ltd.
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. Aisin Corporation
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. Miba AG
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Nisshinbo Brake Inc.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Automotive Brake Friction Products Market
