Brake Friction Market
Brake Friction Market - Global Industry Assessment & Forecast
#
Pages:
145
2022
Sep - 2023
VMR-VMR-2021-1093
Segments Covered
By
Product Type Brake Disc , Pad , Drum, Shoe Liner
-
By
Disc Material Metallic Disc , Ceramic Disc
-
By
Vehicle Type Passenger Car , Lightweight Commercial Vehicle , Truck and Bus
-
By
Type Woven, Molded
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 10.32 Billion |
 Revenue 2030:
|
USD 15.44 Billion |
 Revenue CAGR
(2023 - 2030): |
5.21% |
Fastest Growing Region (2023 -
2030)
|
North America |
Largest Region (2022):
|
Asia pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Brake Friction Market by Product Type by Disc Material by Vehicle Type by Type by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Brake Friction market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Brake Friction market.
FAQ
Frequently Asked Question
What is the global demand for Brake Friction in terms of revenue?
-
The global Brake Friction valued at USD 10.32 Billion in 2022 and is expected to reach USD 15.44 Billion in 2030 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, 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 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Brake Friction include
- Increasing automotive production
Which region accounted for the largest share in the market?
-
Asia pacific was the leading regional segment of the Brake Friction in 2022.
