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
CAGR: 4.4%Current Market Size: USD 9.9 Billion Fastest Growing Region: APAC & Europe
Largest Market: North AmericaProjection Time: 2021-2028Base Year: 2020
Global Brake Friction Market- Market Overview
The global Brake Friction market is expected to grow from USD 9.9 Billion in 2020 to USD 13.9 Billion by 2028, at a CAGR of 4.4% during the Projection period 2021-2028. This growth of the brake friction market is significantly driven by the 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 the 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 the brake, which are pressed together during the process of braking. The automotive brake friction system comprises a number of products including brake pad, brake shoe, brake drum, disc, and liner.
Friction braking has become one of the most commonly used braking methods in modern vehicles. Also, there is an emerging trend of using lightweight material in brake friction products fueling the growth of the brake friction market.
Request Sample:- Global Brake Friction market
Market Dynamics
Drivers:
- Increased vehicle production around the globe
Significant economic growth, along with the rising demand for passenger cars, buses, trucks, and other commercial vehicles are being observed across the globe. This has led to the growth in automotive production across the globe. Every vehicle is equipped with braking systems that comprise various brake friction products. In addition to this, there is huge growth in automotive production across developing countries such as China and India, fueling the growth of the global brake friction market.
- Need for brake replacement owing to the rise in traffic congestion
There is rapid growth in traffic congestion around the globe which results in longer trip times, slower speeds, and increased vehicular queuing. For instance, according to the December 2021 analysis by Inrix, U.S. drivers lost an average of 36 hours due to congestion. This factor has led to the need for brake replacement in vehicles, fueling the growth of the global brake friction market.
Restraints:
- Increasing life of brake friction products
Ongoing technological advancements have led to the development of brake friction products with an increased life span. This has posed a major challenge for brake friction products manufacturers. In addition to this, OEMs are preferring durable brake friction products that are less likely to fade early. Moreover, the emergence of government strict regulations and safety norms has led to increased pressure on manufacturers to produce durable braking system products. The increased life of brake friction products due to the aforementioned factor is expected to hamper the growth of the market to some extent during the Projection period.
Opportunities:
- Rising usage of lightweight materials in brake friction systems
There is a significant trend of lightweight across the global automotive sector. Owing to this trend, a number of manufacturers are increasing their emphasis on where to save weight based on each vehicles’ mission and price point. For instance, aluminum or carbon composite are being considered for the manufacture of discs. This trend is anticipated to create lucrative growth opportunities for the market during the Projection period.
Challenges:
- Disruptions due to COVID-19
Owing to the unprecedented crisis of COVID-19, a number of countries have employed nationwide lockdowns. However, as they are reopening, safety measures such as social distancing are still being applied. This has caused a significant economic downturn across the globe along with the sudden discontinuation of automotive and associated components production. Hence, the emergence of the COVID-19 pandemic has posed challenges to the global brake friction market.
Segmentation Analysis
The global brake friction market has been segmented based on material, technology, components, vehicle type, and regions.
By Product Type
- The product type segment includes brake disc, pad, shoe, drum, and liner. The brake disc segment led the brake friction market with a market share of around 36.4% in 2020. The growth of this segment is mainly driven by the fact that the brake disc type of product has higher stopping power than drum brakes. In addition to this, the installation of disc brakes is high across passenger cars in Europe and North America. Moreover, recently, Bosch launched a new brake disc to reduce pollution due to brake dust, such product innovations fuel growth of the segment during the Projection period. However, this segment is also expected to witness the highest growth rate during the Projection period.
By Disc Material
- The disc material segment includes metallic disc and ceramic disc. The metallic disc segment led the brake friction market with a market share of around 58.3% in 2020. The improved braking performance across a wide range of conditions and temperatures primarily drives the growth of this segment. However, the ceramic disc segment is expected to witness the highest growth rate during the Projection period due to rising preference for ceramic discs owing to its features such as higher thermal conductivity, more corrosion resistance, cleaner, quieter, and lighter.
By Vehicle Type
- The vehicle type segment includes passenger cars, lightweight commercial vehicles, trucks, and buses. The passenger car segment held the largest market share of 41.2% in 2020. The growth of this segment is mainly driven by an upsurge in production and sales of passenger vehicles due to the increasing disposable incomes of populations. In addition to this, the fact that passenger cars have become the most essential mode of conveyance in developed countries and developing countries has boosted the segment growth.
By Type
- The type segment includes woven and molded. The molded segment held the largest market share of 55.4% in 2020. The number of features such as wide-ranging friction levels, low wear, and low abrasion, and smooth & consistent friction primarily drives the growth of the molded segment. However, the woven segment is expected to witness the highest growth rate during the Projection period.
By Regional Analysis
The regions analyzed for the Brake Friction market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region dominated the Brake Friction market and held the 36.1% share of the market revenue in 2020.
- Growth of the Asia Pacific brake friction market is mainly driven by 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. In addition to this, ongoing demand for commercial & residential vehicles along with the supportive government initiatives for brake friction systems is projected to fuel market size in the region.
- The North America and Europe region are likely to register significant growth during the Projection period due to a number of stringent mandates and regulations for stopping distance along with the significant trend of disc brakes installation in passenger cars.
Key Industry Players Analysis
Key market players are focusing on launches to improve the market position
The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global Brake Friction industry.
For instance, in August 2020, TMD Friction, the manufactures of 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.
- Robert Bosch
- AISIN CORPORATION
- Nisshinbho Holdings Inc.
- Brembo S.p.A
- Tenneco Inc.
- ABS Friction Inc.
- Delphi
- Federal-Mogul
- Meritor
- Akebono Brake Industry Co. Ltd
Latest Development
- February 2020- Robert Bosch introduced vehicle coverage and brake pad lines. This launch includes three new brake pad SKUs which are integrated into the Bosch QuietCast Brake Pad product line and expand coverage to more than 3.4 million vehicles in operation in North America.
- November 2020- Brembo, one of the leaders in the field of automotive disc brake technology acquired SBS Friction A/S which is a Danish company that manufactures and develops eco-friendly and innovative sintered as well as organic material brake pads for motorbikes.?
Report Metrics
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Report Attribute |
Details |
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Projection period |
2021-2028 |
|
Base year considered |
2020 |
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CAGR (%) |
4.4% |
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Market Size |
9.9 Billion in 2020 |
|
Projection unit |
Value (USD) |
|
Segments covered |
Product type, Disc material, Vehicle Type, Type, and Regions |
|
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
|
Companies covered |
Robert Bosch, AISIN CORPORATION, Nisshinbho Holdings Inc., Brembo S.p.A, Tenneco Inc., ABS Friction Inc., Delphi, Federal-Mogul, Meritor, Akebono Brake Industry Co. Ltd. among others. |
|
By Product Type |
|
|
By Disc Material |
|
|
By Vehicle Type
|
|
|
By Type |
|
|
Regional scope |
|
Scope of the Report
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
- USA
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Asia-Pacific
- Japan
- China
- India
- Korea
- Southeast Asia
- South America
- Brazil
- Peru
- Middle East and Africa
- UAE
- South Africa
- Saudi Arabia
Frequently Asked Questions
What is the market value of the Brake Friction Market in 2020?
The market value of the Brake Friction Market in 2020 is $9.9 Billion.
Which region has the highest market share in Brake Friction Market?
Asia-Pacific held the major share in the market over the Projection period 2021- 2028.
Which is the most influencing segment growing in the Brake Friction report?
Brake Disc segment is the most influencing segment in the Brake Friction market.
Which are the Top players active in the Brake Friction market?
The leading market players active 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, Akebono Brake Industry Co. Ltd. among others.
What are the segments considered in the global Brake Friction market?
Material, Technology, Components, Vehicle Type, and Regions are the five segments of the report.
Does this report include the impact of COVID-19 on the Brake Friction market?
Yes, the market includes qualitative and quantitative insights for COVID-19 impact on the Brake Friction market.
What is the study period of this market?
The Brake Friction market is studied from 2020 - 2028.
Political- the emergence of government strict regulations and safety norms has led to increased pressure on manufacturers to produce durable braking system products. The increased life of brake friction products due to the aforementioned factor is expected to hamper the growth of the market to some extent during the Projection period.
Economic- Rapid economic growth and increasing population are rising the demand for the brake friction market. The increased disposable income in some of the most populated countries has increased the demand for premium and ultra-premium vehicles. Therefore, the adoption rate of SUVs and other vehicles has increased across the globe. SUVs, premium vehicles, and ultra-premium vehicles are equipped with disc brakes with less stopping distance
Social- Growth of the Asia Pacific brake friction market is mainly driven by 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. In addition to this, ongoing demand for commercial & residential vehicles along with the supportive government initiatives for brake friction systems is projected to fuel market size in the region.
Technological- TMD Friction, the manufactures of brake friction materials for passenger cars and commercial vehicles launched Strong Ceramic (SC) friction material under its Nisshinbo brand. Ongoing technological advancements have led to the development of brake friction products with an increased life span. This has posed a major challenge for brake friction products manufacturers. In addition to this, OEMs are preferring durable brake friction products that are less likely to fade early.
Environmental- Increasing number of vehicles is increasing the pollution which is affecting our environment and causing several health hazards. So, in order to cope up with this issue invention of electric vehicles was done. This reduces pollution and is also way better than diesel or petrol vehicles.
Legal- Brembo, one of the leaders in the field of automotive disc brake technology acquired SBS Friction A/S which is a Danish company that manufactures and develops eco-friendly and innovative sintered as well as organic material brake pads for motorbikes.
- Introduction
- Objectives of the Study
- Market Definition
- Research Scope
- Research Methodology and Assumptions
- Executive Summary
- Premium Insights
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Top Investment Pockets
- Market Attractiveness Analysis By Product Type
- Market Attractiveness Analysis By Disc Material
- Market Attractiveness Analysis By Vehicle Type
- Market Attractiveness Analysis By Type
- Industry Trends
- Market Dynamics
- Market Evaluation
- Drivers
- Increased vehicle production around the globe
- Need for brake replacement owing to the rise in traffic congestion
- Restrains
- Increasing life of brake friction products
- Opportunities
- Rising usage of lightweight materials in brake friction systems
- Challenges
- Disruptions due to COVID-19
- Global Brake Friction Market Analysis and Projection, By Product Type
- Segment Overview
- Brake Disc
- Pad
- Shoe
- Drum
- Liner
- Global Brake Friction Market Analysis and Projection, By Disc Material
- Segment Overview
- Metallic Disc
- Ceramic Disc
- Global Brake Friction Market Analysis and Projection, By Vehicle Type
- Segment Overview
- Passenger Car
- Lightweight Commercial Vehicle
- Truck
- Bus
- Global Brake Friction Market Analysis and Projection, By Type
- Segment Overview
- Woven
- Molded
- Global Brake Friction Market Analysis and Projection, By Regional Analysis
- Segment Overview
- North America
- USA
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Asia-Pacific
- Japan
- China
- India
- South America
- Brazil
- Middle East and Africa
- UAE
- South Africa
- Global Brake Friction Market-Competitive Landscape
- Overview
- Market Share of Key Players in the Brake Friction Market
- Global Company Market Share
- North America Company Market Share
- Europe Company Market Share
- APAC Company Market Share
- Competitive Situations and Trends
- Product Type Launches and Developments
- Partnerships, Collaborations, and Agreements
- Mergers & Acquisitions
- Expansions
- Company Profiles
- Robert Bosch
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- AISIN CORPORATION
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- Nisshinbho Holdings Inc.
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- Brembo S.p.A.
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- Tenneco Inc.
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- ABS Friction Inc.
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- Delphi
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- Federal-Mogul
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- Meritor
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- Akebono Brake Industry Co. Ltd.
- Business Overview
- Company Snapshot
- Company Market Share Analysis
- Company Product Type Portfolio
- Recent Developments
- SWOT Analysis
- Robert Bosch
List of Table
- Global Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Global Brake Disc Market, By Region, 2020–2028(USD Billion)
- Global Pad Market, By Region, 2020–2028(USD Billion)
- Global Shoe Market, By Region, 2020–2028(USD Billion)
- Global Drum Market, By Region, 2020–2028(USD Billion)
- Global Liner Market, By Region, 2020–2028(USD Billion)
- Global Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Global Metallic Disc Brake Friction Market, By Region, 2020–2028(USD Billion)
- Global Ceramic Disc Brake Friction Market, By Region, 2020–2028(USD Billion)
- Global Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Global Passenger Car Brake Friction Market, By Region, 2020–2028(USD Billion)
- Global Lightweight Commercial Vehicle Brake Friction Market, By Region, 2020–2028(USD Billion)
- Global Truck Brake Friction Market, By Region, 2020–2028(USD Billion)
- Global Bus Brake Friction Market, By Region, 2020–2028(USD Billion)
- Global Brake Friction Market, By Type, 2020–2028(USD Billion)
- Global Woven Brake Friction Market, By Region, 2020–2028(USD Billion)
- Global Molded Brake Friction Market, By Region, 2020–2028(USD Billion)
- Global Brake Friction Market, By Region, 2020–2028(USD Billion)
- Global Brake Friction Market, By North America, 2020–2028(USD Billion)
- North America Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- North America Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- North America Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- North America Brake Friction Market, By Type, 2020–2028(USD Billion)
- US Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- US Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- US Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- US Brake Friction Market, By Type, 2020–2028(USD Billion)
- Canada Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Canada Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Canada Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Canada Brake Friction Market, By Type, 2020–2028(USD Billion)
- Mexico Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Mexico Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Mexico Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Mexico Brake Friction Market, By Type, 2020–2028(USD Billion)
- Europe Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Europe Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Europe Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Europe Brake Friction Market, By Type, 2020–2028(USD Billion)
- Germany Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Germany Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Germany Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Germany Brake Friction Market, By Type, 2020–2028(USD Billion)
- France Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- France Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- France Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- France Brake Friction Market, By Type, 2020–2028(USD Billion)
- UK Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- UK Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- UK Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- UK Brake Friction Market, By Type, 2020–2028(USD Billion)
- Italy Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Italy Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Italy Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Italy Brake Friction Market, By Type, 2020–2028(USD Billion)
- Spain Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Spain Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Spain Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Spain Brake Friction Market, By Type, 2020–2028(USD Billion)
- Asia Pacific Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Asia Pacific Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Asia Pacific Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Asia Pacific Brake Friction Market, By Type, 2020–2028(USD Billion)
- Japan Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Japan Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Japan Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Japan Brake Friction Market, By Type, 2020–2028(USD Billion)
- China Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- China Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- China Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- China Brake Friction Market, By Type, 2020–2028(USD Billion)
- India Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- India Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- India Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- India Brake Friction Market, By Type, 2020–2028(USD Billion)
- South America Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- South America Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- South America Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- South America Brake Friction Market, By Type, 2020–2028(USD Billion)
- Brazil Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- Brazil Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Brazil Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Brazil Brake Friction Market, By Type, 2020–2028(USD Billion)
- Brazil Brake Friction Market, By Electric Vehicle Type, 2020–2028(USD Billion)
- Middle East and Africa Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- Middle East and Africa Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- Middle East and Africa Brake Friction Market, By Type, 2020–2028(USD Billion)
- UAE Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- UAE Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- UAE Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- UAE Brake Friction Market, By Type, 2020–2028(USD Billion)
- South Africa Brake Friction Market, By Product Type, 2020–2028(USD Billion)
- South Africa Brake Friction Market, By Disc Material, 2020–2028(USD Billion)
- South Africa Brake Friction Market, By Vehicle Type, 2020–2028(USD Billion)
- South Africa Brake Friction Market, By Type, 2020–2028(USD Billion)
List of Figures
- Global Brake Friction Market Segmentation
- Brake Friction Market: Research Methodology
- Market Size Estimation Methodology: Bottom-Up Approach
- Market Size Estimation Methodology: Top-Down Approach
- Data Triangulation
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Global Brake Friction Market Attractiveness Analysis By Product Type
- Global Brake Friction Market Attractiveness Analysis By Disc Material
- Global Brake Friction Market Attractiveness Analysis By Vehicle Type
- Global Brake Friction Market Attractiveness Analysis By Type
- Global Brake Friction Market Attractiveness Analysis By Region
- Global Brake Friction Market: Dynamics
- Global Brake Friction Market Share By Product Type(2021 & 2028)
- Global Brake Friction Market Share By Disc Material(2021 & 2028)
- Global Brake Friction Market Share By Vehicle Type(2021 & 2028)
- Global Brake Friction Market Share By Type(2021 & 2028)
- Global Brake Friction Market Share by Regions (2021 & 2028)
- Global Brake Friction Market Share by Company (2020)
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