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Friction Products and Materials Market

: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Global Friction Products and Materials Market: By Product Type (Pads, Discs, Blocks, Lining, Others), By Material Type (Ceramics, Advanced Fibers, Metal Alloys, Asbestos, Others), By Application (Clutches, Brakes, Industrial Brake and Transmission Systems, Others), By End User (Automotive, Construction, Aerospace and Marine, Railway, Others), and Geography

 

Global Friction Products and Materials Market

 

Global Friction Products and Materials Market Report Description:

Global friction products and materials market report gives comprehensive outlook on friction products and materials across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application, end user, and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the global friction products and materials market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global friction products and materials market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the market include suppliers, manufacturers, marketers, policy makers, and end user industries engaged in global friction products and materials products.

 

Global Friction Products and Materials Market:

The global market for friction products and materials is burgeoning at prominent growth rate and expected to reach US$ 26,347.2 Mn by 2025 owing to increase in the number of automotive industries across the globe. Moreover, escalation in R&D for the development of technologically advanced products, surge in aerospace and railway expenditure by various countries to improve the safety, increase in sales of passenger and commercial vehicles, and rise in disposable income are anticipated to boost the market over the forecast timeframe. However, lack of awareness about advanced products in underdeveloped countries, advancements in the braking technologies, and restrictions on the usage of certain types of friction materials such as asbestos are hinder the growth of market over the forecast years.

 

Increase in the Demand from Automotive Industry 

Rapid growth in automotive industry coupled with increase in the purchase of passenger and commercial vehicles is a major factor surge the growth of friction products market over the forecast timeframe. Increase in the investment from public and private sector to raise the transportation facilities such as aerospace and railways also surge the growth of automotive industry across the globe. In addition, rise in R&D for the development of technologically advanced products also surge the market over the forecast years. For instance, in May 2017, Dellner Brakes launched two new heavy-duty disc brakes to its SKD range for large industrial, marine and offshore applications.

 

North America Accounts for Larger Market Revenue Share in Global Friction Products and Materials Market

Global friction products and materials market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among all the regions, North America dominated the friction products and materials market in 2018 and the same trend is expected over the forecast years owing to presence of huge number of players in USA and Canada, growing number of end user industries in the region, and surge in R&D for the development of advanced products by the market players. However, Asia Pacific creates lucrative opportunities over the forecast years owing to surge in demand for automotive vehicles in the region.

 

Competition Assessment

Key player’s profiles in the global friction products and materials market include:

  • Akebono Brake Industry
  • Federal-Mogul Holdings
  • Miba
  • Fras-Le
  • Nisshinbo Holdings
  • Aisin Seiki
  • Valeo Friction Materials India
  • Yantai Hi-Pad Brake Technology
  • Carlisle Brake & Friction
  • ABS Friction
  • Bendix Commercial Vehicles Systems
  • Brembo
  • BREMSKERL REIBBELAGWERKE Emmerling
  • Fras-le
  • GAMA
  • CER BRAKES
  • Japan Brake Industrial
  • LUMAG
  • Miba
  • TMD Friction
  • Roulunds Braking
  • Trimat
  • ZF Friedrichshafen. Group

 

Global friction products and materials market is surging owing to frequent product approvals and launchings, strategic alliances, and business expansion by the market players. For instance, In 2017, TMD Friction expanded its geographical presence across the Middle East and Africa with the expansion of its Japanese brand, Nisshinbo.

 

Key Findings of the Report:

 

  • Global friction products and materials market expanding at significant CAGR over 2019 to 2025 owing to development of technologically advanced products.
  • Based on application, automotive industry accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global friction products and materials market

 

Detailed Segmentation

 

By Product Type

  • Pads
  • Discs
  • Blocks
  • Lining
  • Others

 

By Material Type

  • Ceramics
  • Advanced Fibers
  • Metal Alloys
  • Asbestos
  • Others

 

By Application

  • Clutches
  • Brakes
  • Industrial Brake and Transmission Systems
  • Others

 

By End User

  • Automotive
  • Construction
  • Aerospace and Marine
  • Railway
  • Others

 

Geography

 

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market