Brake Friction Market

Brake Friction Market by Product Type (Brake Disc, Pad, Drum, Shoe, Liner), by Vehicle Type (Passenger Car, Lightweight Commercial Vehicle, Truck and Bus), by Type (Woven, Molded), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

Frequently Asked Questions

  • What is the global demand for Brake Friction in terms of revenue?

    The global Brake Friction valued at 9.81 Billion in 2020 and is expected to reach 14.73 Billion in 2028 growing at a CAGR of 5.21%%

  • Which are the prominent players in the market?

    The prominent players in the market are Robert Bosch, Aisin Seiki, Nisshinbo Holding, Federal-Mogul, Brembo, Delphi, Tenneco, Akebono Brake Industries, Miba, SGL Group.

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 5.21%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Brake Friction include

    • Brakes are the main component of every vehicle that stops or slows down the vehicles. Increase in production of vehicles leads to increase in requirement for brake components, thereby driving the growth of the market. In addition, more use of brakes reduces the brake shoe size, power and leads to quick change thus resulting in the growth of the brake friction market.
    • With increase in traffic congestion, use of brakes increases while driving. More use of breaks hampers the brake pads and reduces the breaking power. When the braking power reduces, there is a high demand for change of brake pads of brake shoes. Therefore, changing the brake increases the demand for brakes pads, thereby resulting in the growth of the brake friction market.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Brake Friction in 2020.

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