What is Global Friction Products Market?
The Global Friction Products Market is a vast and complex field that encompasses a wide range of products used in various industries. These products are primarily used to create resistance and slow down motion, making them essential in numerous applications. The market includes products such as brake pads, brake linings, clutch discs, brake blocks, and others. Each of these products has a unique role and function, contributing to the overall value of the market. For instance, brake pads are used in vehicles to slow down or stop the vehicle by creating friction with the brake rotor. Brake linings, on the other hand, are used in brake systems to prevent direct contact between the brake pad and the brake disc. Clutch discs are used in the transmission system of vehicles to engage and disengage the engine from the drivetrain. Brake blocks are used in railway systems to slow down or stop the train by creating friction with the train wheels. Other products in the market include various types of friction materials used in different industrial applications.
Brake Pads, Brake Linings, Clutch Discs, Brake Blocks, Others in the Global Friction Products Market:
The Global Friction Products Market finds its usage in a variety of sectors including automotive, railway, industrial, aerospace, and others. In the automotive sector, these products are used in various parts of the vehicle such as the braking system, transmission system, and others. They play a crucial role in ensuring the safety and performance of the vehicle. In the railway sector, friction products are used in the braking system of trains. They help in slowing down or stopping the train, ensuring the safety of passengers and goods. In the industrial sector, these products are used in various machinery and equipment for different applications. They help in reducing the speed of the machinery, preventing damage and ensuring smooth operation. In the aerospace sector, friction products are used in the braking system of aircraft. They help in slowing down or stopping the aircraft, ensuring the safety of passengers and crew. Other sectors where these products find their usage include marine, construction, and others.
Automotive, Railway, Industrial, Aerospace, Others in the Global Friction Products Market:
The Global Friction Products Market was valued at US$ 9062 million in 2022. It is expected to reach a value of US$ 12960 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period of 2023-2029. This growth can be attributed to the increasing demand for these products in various sectors such as automotive, railway, industrial, aerospace, and others. Among the various products in the market, brake pads hold the largest share, accounting for over 41% of the total market. This can be attributed to their widespread usage in various vehicles, including cars, trucks, buses, and others. They play a crucial role in the braking system of these vehicles, ensuring their safety and performance.
| Report Metric | Details |
| Report Name | Friction Products Market |
| Accounted market size in 2023 | US$ 9937 million |
| Forecasted market size in 2029 | US$ 12960 million |
| CAGR | 4.5 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Akebono Brake, Nisshinbo, Bosch, Continental, GMP Friction Products, Tenneco, Bendix, Sangsin Brake, BorgWarner, Shandong Longji, Shandong Gold Phoenix, Svendborg Brakes (Altra Motion), Carlisle Brake & Friction (CBF), Aisin Chemical Co, Schaeffler, Vulkan, BPW Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
