The brakes of any automobiles plays a crucial role while the vehicle is on move. The increase in vehicular production across the globe is heavily driving the market for brake friction. This is due to the fact that, the automotive OEMs are constantly focusing on procuring advanced technology brake friction systems in order to enhance safety of the vehicles and passengers. In addition, the safety of heavy commercial vehicle, off-road vehicles and construction vehicles are becoming highly important and owing to the importance, the manufacturers of these vehicles are integrating advanced material and technology braking systems to the vehicles, thereby fueling the market for brake friction in the current scenario.
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Increasing traffic congestion is another major factor bolstering the market for brake friction systems and the trend is anticipated to grow, resulting in market growth in the coming years. The aftermarket of automotive braking system is also a key driver for brake friction market. However, counterfeit products in the market is inhibiting the market for brake friction in the current scenario. The development of lightweight and composite material brake friction systems is anticipated to attract new customers, thereby escalating the brake friction market in the future.
The report aims to provide an overview of global brake friction market with detailed market segmentation by brake types, brake material types, components, distribution channel, vehicle types and geography. It also provides market size and forecast till 2025 for overall brake friction market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 19 counties globally along with current trend and opportunities prevailing in the region.
Also, key brake friction market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the brake friction market are Bosch Auto Parts, Akebono Brake Corporation, Nisshinbo Brake Inc., ABS Friction, Japan Brake International Co., Ltd., Bendix Spicer Foundation Brake LLC, Delphi Auto Parts, MIBA AG, Lumag Sp. Z.O.O., and Carlise Brake & Friction among others.
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Table of Contents
- Key Takeaways
- Brake Friction Market Landscape
- Market – Key Industry Dynamics
- Brake Friction Market Analysis- Global Analysis
- Brake Friction Market Revenue And Forecasts To 2025 – Brake Types
- Market Revenue And Forecasts To 2025 – Brake Material Type
- Market Revenue And Forecasts To 2025 – Components
- Market Revenue And Forecasts To 2025 – Distribution Channel
- Market Revenue And Forecasts To 2025 – Vehicle Types
- Market Revenue And Forecasts To 2025 – Geographical Analysis
- Market Revenue And Forecasts To 2025 – Industry Landscape
- Competitive Landscape
- Brake Friction Market, Key Company Profiles
Contact Person: Sameer Joshi
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