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Brake friction materials are used to create friction in the tyres to stop or reduce the speed of the vehicle. Drum brakes and disc brakes are two types of brakes that fitted in every vehicle. The brake linings in drum brakes and the brake pads in disc brakes are the main components that create friction between the brakes and the tyres of the vehicle. The automotive brake friction material market is expected to rise in the forecast period owing to the rapid growth in the sales and production of vehicles.
Moreover, urbanization, high demographic rate, improved standard of living, and rise in the disposable income of people are contributing to the surge in demand for automobiles across the world. The commercial vehicles require more brakes as compared to passenger cars. Furthermore, increasing industrialization and its positive impact on the logistics sector is leading to an increase in demand for heavy commercial vehicles. The improvement in the road infrastructure, expansion in the road connectivity, and rise in the prices of fuels are positively impacting the growth of the public transport vehicle market across the globe. Globally, the rising number of road accidents is imposing the government to take stringent actions and implement various safety regulations on automotive manufacturers. This is propelling the growth of the brake friction material market.
Globally, the increasing number of sales and production of automotive is leading to the growth of the brake friction material market. The wear and tear of brake lining and brake pads owed to constant friction are creating demand for the brake friction material. On the contrary, the friction creates enormous heat that causes the loss of mechanical properties of the vehicle’s components. This factor may hamper the growth of brake friction materials.
Key Market Driver -
Surge in the demand for automobiles and stringent government safety norms are driving the growth of the brake friction material market
Key Market Restraint -
Friction materials generates enormous heat causing the loss of mechanical properties of the automotive components, thus hampering the growth of the brake friction material market
Some of the prominent companies that are present in the automotive OEM brake friction material market include Delphi Automotive LLP, Brembo S.p.A., Nisshinbo Holdings Inc., Robert Bosch GmbH, Continental AG, Nisshinbo Holdings Inc., Federal-Mogul Corporation, Akebono Brake Corporation, and TMD Friction Holdings GmbH among others.
Globally, the automotive OEM brake friction material market has been segmented into brake type, application type, material type, and by region. The brake type is further segmented into disc brake and drum brake. The disc brake holds the largest market share of the global brakes system owing to its high durability, lightweight, high effectiveness. Most of the OEMs outfit disc brakes on the front wheels and drum brakes on the rear wheels of the vehicle. Sports cars usually consist of disc brakes on all four wheels. Thus, the disc brakes are gaining high growth in the market. By application type, the market is further segmented into brake lining and brake pads. The brake linings are a part of drum brakes, whereas disc brakes consist of brake pads. The brake linings and brake pads create friction, which results in stopping or reducing the speed of the vehicle. Nowadays, the disc brakes are widely used by the OEMs in vehicles, thus creating an impact on the brake pad market.
By brake pad material type, further, the market is segmented in organic, semi-metallic and ceramic brakes. The ceramic brakes segment is expected to hold the significant market share in the brake pad material type segment. The ceramic-brakes are less abrasive and last longer than other brake types. Semi-Metallic brakes are projected to hold the second-largest position in the market. These brakes are majorly used in Heavy-duty vehicles.
Geographically, the automotive OEM brakes friction material market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America holds the largest market share of the global automotive brake friction material market and is expected to increase in the forecast period owing to the high rate of commercial vehicles in this region. Moreover, stringent government norms imposed on the OEMs to manufacture vehicles with advance braking systems. North America is followed by Aisa Pacific in the automotive brake friction material market and is expected to increase rapidly in the forecast period. The rise in the disposable income of people, improved standard of living, and the growth of industrialization are eventually creating a surge in demand for passenger cars in this region. This factor is ultimately impacting the growth of the automotive brake friction material market in this region.
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