The automotive brake friction products market is an essential component of the automotive industry, which includes manufacturing, sales, and distribution of brake systems and components. The friction products used in braking systems play a crucial role in vehicle safety and are necessary for efficient vehicle operation. The market has seen a significant rise in demand over the years, driven by the increasing number of vehicles on the road and the growing demand for high-performance brake systems.

Automotive brake friction products refer to the materials used in the brake pads and shoes that come in contact with the rotor or drum to slow or stop the vehicle. They are designed to withstand high levels of heat and friction, providing smooth and effective braking performance. These products are made from a variety of materials, including organic, metallic, and ceramic, each with their own unique properties.

Executive Summary:

The automotive brake friction products market is expected to grow at a significant rate over the forecast period due to the increasing demand for safe and efficient braking systems. The market is driven by several factors, including the rising number of vehicles on the road, the growing demand for high-performance brake systems, and the increasing awareness of road safety among consumers.

The market is segmented by product type, including disc brake pads, drum brake shoes, and other brake components. The disc brake pads segment is expected to hold the largest share of the market due to their widespread use in modern vehicles. The market is also segmented by end-use, including passenger vehicles, light commercial vehicles, and heavy commercial vehicles.

North America and Europe are expected to dominate the market in terms of revenue, while the Asia Pacific region is expected to witness significant growth over the forecast period due to the increasing number of vehicles in the region. The market is highly competitive, with several key players, including Brembo S.p.A., Federal-Mogul LLC, and Bosch Automotive Aftermarket.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights:

The global automotive brake friction products market is expected to grow at a CAGR of over 4% during the forecast period, driven by the increasing demand for safe and efficient braking systems. The market is expected to reach a value of over USD 15 billion by 2027, up from USD 11 billion in 2020.

The market is driven by several factors, including the increasing number of vehicles on the road, the growing demand for high-performance brake systems, and the increasing awareness of road safety among consumers. The market is also witnessing significant technological advancements, with the introduction of new materials and manufacturing processes that improve the performance and durability of brake friction products.

The market is segmented by product type, end-use, and region. The disc brake pads segment is expected to hold the largest share of the market due to their widespread use in modern vehicles. The passenger vehicles segment is expected to hold the largest share of the market by end-use, while the heavy commercial vehicles segment is expected to witness significant growth over the forecast period.

Market Drivers:

Increasing number of vehicles on the road:

The increasing number of vehicles on the road is one of the primary drivers of the automotive brake friction products market. As the number of vehicles on the road increases, the demand for safe and efficient braking systems also increases, driving the growth of the market.

Growing demand for high-performance brake systems:

The growing demand for high-performance brake systems is also driving the growth of the market. Consumers are increasingly looking for brake systems that provide better stopping power, longer life, and improved performance, which is driving the development of new and innovative brake friction products.

Increasing awareness of road safety:

The increasing awareness of road safety among consumers is also driving the growth of the market. Governments and regulatory bodies around the world are implementing stricter safety regulations, which is driving the development of safer and more efficient braking systems.

Market Restraints:

The high cost of advanced brake friction products is a significant restraint for the market. While consumers are willing to pay more for high-performance brake systems, the high cost of advanced materials and manufacturing processes can make it challenging for manufacturers to produce affordable products.

Limited availability of raw materials:

The limited availability of raw materials used in brake friction products is another restraint for the market. Some of the materials used in brake pads and shoes, such as rare earth metals, are in limited supply, which can affect the production of these products.

Market Opportunities:

Introduction of new materials and manufacturing processes:

The introduction of new materials and manufacturing processes is a significant opportunity for the automotive brake friction products market. Manufacturers are continuously developing new and innovative materials that improve the performance and durability of brake friction products, which is driving the growth of the market.

Growing demand for electric vehicles:

The growing demand for electric vehicles is also an opportunity for the market. As the number of electric vehicles on the road increases, the demand for brake friction products specifically designed for these vehicles will also increase, driving the growth of the market.

Market Dynamics:

The automotive brake friction products market is highly competitive, with several key players, including Brembo S.p.A., Federal-Mogul LLC, and Bosch Automotive Aftermarket. These companies are continuously developing new and innovative brake friction products to improve the performance and durability of braking systems.

The market is also witnessing significant technological advancements, with the introduction of new materials and manufacturing processes that improve the performance and durability of brake friction products. These advancements are driving the growth of the market and creating new opportunities for manufacturers.

Regional Analysis:

North America and Europe are expected to dominate the automotive brake friction products market in terms of revenue, with the increasing number of vehicles on the road and the growing demand for high-performance brake systems driving the growth of the market in these regions.

The Asia Pacific region is expected to witness significant growth over the forecast period due to the increasing number of vehicles in the region. The growing demand for safer and more efficient braking systems, combined with the increasing awareness of road safety among consumers, is driving the growth of the market in the region.

Competitive Landscape:

Leading Companies in the Automotive Brake Friction Products Market:

1. Federal-Mogul LLC (Tenneco Inc.)
2. Brembo S.p.A.
3. Akebono Brake Industry Co., Ltd.
4. TMD Friction Holdings GmbH (TMD Performance GmbH)
5. Carlisle Brake & Friction (Carlisle Companies Incorporated)
6. Mando Corporation
7. Nisshinbo Brake Inc.
8. Haldex AB
9. Nisshin Kogyo Co., Ltd.
10. Brake Parts Inc. (A Parts Authority Company)

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation:

The automotive brake friction products market is segmented by product type, end-use, and region.

By product type, the market is segmented into:

• Disc brake pads
• Drum brake shoes
• Other brake components

By end-use, the market is segmented into:

• Passenger vehicles
• Light commercial vehicles
• Heavy commercial vehicles

By region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Rest of the World

Category-wise Insights:

The disc brake pads segment is expected to hold the largest share of the automotive brake friction products market due to their widespread use in modern vehicles. Disc brake pads provide better stopping power, longer life, and improved performance compared to drum brake shoes, driving their demand in the market.

The passenger vehicles segment is expected to hold the largest share of the market by end-use, driven by the increasing number of passenger vehicles on the road and the growing demand for safe and efficient braking systems.

Key Benefits for Industry Participants and Stakeholders:

• Understanding the current and future market trends and opportunities.
• Analyzing the competition and developing effective strategies to stay
• Developing new and innovative brake friction products to meet the growing demand for safe and efficient braking systems.
• Identifying potential growth opportunities in emerging markets and developing effective strategies to enter these markets.
• Building strong partnerships and collaborations with key players in the market to enhance market share and competitiveness.
• Staying up-to-date with the latest technological advancements and materials used in brake friction products to remain competitive in the market.

SWOT Analysis:

Strengths:

• High demand for safe and efficient braking systems
• Continuous technological advancements
• Strong competition among key players in the market

Weaknesses:

• High cost of advanced brake friction products
• Limited availability of raw materials

Opportunities:

• Introduction of new materials and manufacturing processes
• Growing demand for electric vehicles

Threats:

• Stringent government regulations and safety standards
• Increasing competition from low-cost manufacturers

Market Key Trends:

• Introduction of new materials and manufacturing processes
• Growing demand for high-performance brake systems
• Increasing demand for electric vehicles
• Rising awareness of road safety among consumers
• Continuous technological advancements

Covid-19 Impact:

The Covid-19 pandemic has had a significant impact on the automotive industry, including the automotive brake friction products market. The pandemic has caused a significant decline in demand for vehicles, resulting in a decline in the demand for brake friction products.

However, the market is expected to recover over the forecast period as the global economy recovers and the demand for vehicles increases. The pandemic has also highlighted the importance of safe and efficient braking systems, driving the demand for brake friction products that meet high safety standards.

Key Industry Developments:

• In February 2021, Brembo S.p.A. announced the acquisition of SBS Friction A/S, a leading manufacturer of brake pads and shoes for motorcycles and scooters.
• In October 2020, Federal-Mogul LLC launched its new line of Wagner OEX brake pads, designed for high-performance braking systems.
• In September 2020, Bosch Automotive Aftermarket launched its new line of QuietCast brake pads, designed to provide a quiet and smooth braking experience.

Analyst Suggestions:

• Develop new and innovative brake friction products that meet high safety standards and provide better performance and durability.
• Increase investment in research and development to stay ahead of the competition and meet the evolving needs of the market.
• Build strong partnerships and collaborations with key players in the market to enhance market share and competitiveness.
• Focus on emerging markets, such as the Asia Pacific region, to capitalize on the growing demand for safe and efficient braking systems.

Future Outlook:

The automotive brake friction products market is expected to grow at a significant rate over the forecast period, driven by the increasing demand for safe and efficient braking systems. The market is expected to reach a value of over USD 15 billion by 2027, up from USD 11 billion in 2020.

The introduction of new materials and manufacturing processes, the growing demand for high-performance brake systems, and the increasing awareness of road safety among consumers are expected to drive the growth of the market over the forecast period. The passenger vehicles segment is expected to hold the largest share of the market by end-use, while the Asia Pacific region is expected to witness significant growth due to the increasing number of vehicles in the region.

Conclusion:

The automotive brake friction products market is an essential component of the automotive industry, driven by the increasing demand for safe and efficient braking systems. The market is highly competitive, with several key players continuously developing new and innovative brake friction products to improve the performance and durability of braking systems.