Market Analysis and Insights : Global Friction Materials Market
Frictionmaterials market will grow at a rate of 4.60% for the forecast period of2021 to 2028. Rising Upsurge in worldwide demand for passenger and commercialvehicles is a vital factor driving the growth of friction materials market.
Friction materials are also termed asbrake or clutch materials. They are usually applied to halt or decrease thespeed of a vehicle by the process of changing kinetic into thermal energy withthe help of friction. The materials are present with a rough texture that helpin reduction of stopping distance and time when the brakes are applied. Thefocus is also on weigh reduction of friction materials and brake.
These friction materials are able towithstand high wear and tear along with high temperature which acts as the vitalfactor escalating the market growth, also significant increase in demand forelectric vehicles, extensively increasing services sector in several countries,rising lack of better inter-city public transportation facility in numerouscountries is causing substantial increase in the private vehicle ownership andincreasing demand in automotive sector due to rise in population which acts asthe major factors among others driving the friction materials market. Moreover,increasing demand for lightweight friction products in automotive end-useindustry and rising technological advancements and modernization in thefriction materials which will further create new opportunities for the frictionmaterials market in the forecast period of 2021- 2028.
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However, rising prevalence of fake brakematerials is a vital factor which acts as the major factors among others actingas restraints, while rising advancements in braking technologies to eradicatethe use of friction materials which will further challenge the growth offriction materials market in the forecast period mentioned above.
This friction materials market reportprovides details of new recent developments, trade regulations, import exportanalysis, production analysis, value chain optimization, market share, impactof domestic and localised market players, analyses opportunities in terms ofemerging revenue pockets, changes in market regulations, strategic marketgrowth analysis, market size, category market growths, application niches anddominance, product approvals, product launches, geographical expansions,technological innovations in the market. To gain more info on frictionmaterials market contact Data Bridge Market Research for an Analyst Brief, ourteam will help you take an informed market decision to achieve market growth.
Global Friction Materials Market Country Level Analysis
GlobalFriction materials market is analysed and market size, volume informationis provided by country, product, business type, application and end-useindustry as referenced above.
The countries covered in the frictionmaterials market report are U.S., Canada and Mexico in North America, Germany,France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey,Rest of Europe in Europe, China, Japan, India, South Korea, Singapore,Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, SouthAfrica, Rest of Middle East and Africa (MEA) as a part of Middle East andAfrica (MEA), Brazil, Argentina and Rest of South America as part of SouthAmerica.
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Asia-Pacific dominates the frictionmaterials market due to rising demand for automotive, railway, and constructionindustries in countries such as China and India, rising economic growth of thecountries present in this region and increased consumers spending onautomobiles.
The country section of the frictionmaterials market report also provides individual market impacting factors andchanges in regulation in the market domestically that impacts the current andfuture trends of the market. Data points such as consumption volumes,production sites and volumes, import export analysis, price trend analysis, costof raw materials, down-stream and upstream value chain analysis are some of themajor pointers used to forecast the market scenario for individual countries.Also, presence and availability of global brands and their challenges faced dueto large or scarce competition from local and domestic brands, impact ofdomestic tariffs and trade routes are considered while providing forecastanalysis of the country data.
Competitive Landscape and Friction Materials Market Share Analysis
Friction materials market competitivelandscape provides details by competitor. Details included are companyoverview, company financials, revenue generated, market potential, investmentin research and development, new market initiatives, global presence,production sites and facilities, production capacities, company strengths andweaknesses, product launch, product width and breadth, application dominance.The above data points provided are only related to the companies’ focus relatedto friction materials market.
The major players covered in thefriction materials market report are AKEBONO BRAKE INDUSTRY CO. LTD., TennecoInc, Miba AG, Fras-le, Nisshinbo Holdings Inc., AISIN SEIKI Co. Ltd., ANANDGroup, Carlisle Brake & Friction, Robert Bosch GmbH, ABS Friction, Knorr-BremseAG, Brembo, BREMSKERL REIBBELAGWERKE Emmerling GmbH & CO. KG, ITT INC.,General Aviation Manufacturers Association, ICER BRAKES, Japan Brake IndustrialCo. Ltd., LUMAG GmbH, Trimat Limited, and ZF Friedrichshafen AG. among otherdomestic and global players. Market share data is available for global, NorthAmerica, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and SouthAmerica separately. DBMR analysts understand competitive strengths and providecompetitive analysis for each competitor separately.
Global Friction Materials Market, ByProduct (Pads, Linings, Discs, Blocks, Others), Business Type (OE, Aftersales),Application (Brakes, Clutches), End-Use Industry (Automotive, Railway,Construction), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of SouthAmerica, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey,Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea,Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest ofAsia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of MiddleEast and Africa) Industry Trends and Forecast to 2028.
