What is Global Automobile Friction Products Market?
The Global Automobile Friction Products Market is a vast and complex industry that plays a crucial role in the automotive sector. It primarily deals with the production and distribution of various friction products that are essential for the functioning of automobiles. These products, which include brake pads, brake linings, clutch discs, and others, are designed to provide the necessary friction that allows vehicles to stop or slow down safely. They are made from a variety of materials, including semi-metallic, non-asbestos organic, and low-metallic compounds, each offering different levels of performance and durability. The quality and effectiveness of these products can significantly impact the safety and performance of vehicles, making them a critical component in the automotive industry.
Brake Pads, Brake Linings, Clutch Discs, Others in the Global Automobile Friction Products Market:
Brake pads, brake linings, clutch discs, and other friction products each have their unique roles and applications in the Global Automobile Friction Products Market. Brake pads are used in disc brakes and are designed to create friction against the brake rotor, slowing down or stopping the vehicle. They are typically made from a blend of different materials to provide optimal performance and longevity. Brake linings, on the other hand, are used in drum brakes and work in a similar way, creating friction against the brake drum to slow down or stop the vehicle. Clutch discs are another crucial friction product, used in the clutch system of manual transmission vehicles. They create friction against the flywheel, allowing the transmission to engage and disengage from the engine. Other friction products include brake shoes, brake bands, and friction plates, each with their specific applications. The production and distribution of these products are a significant part of the Global Automobile Friction Products Market, contributing to its overall growth and development.
Passenger Cars, Commercial Vehicles in the Global Automobile Friction Products Market:
The Global Automobile Friction Products Market caters to a wide range of vehicles, including passenger cars and commercial vehicles. Passenger cars, which include sedans, hatchbacks, SUVs, and others, require friction products for their braking systems to ensure safe and efficient operation. The demand for high-quality friction products in this segment is driven by the increasing production and sales of passenger cars worldwide. Commercial vehicles, on the other hand, include trucks, buses, and other heavy-duty vehicles used for transportation and logistics. These vehicles require durable and high-performance friction products due to their heavy usage and load-carrying capacities. The demand in this segment is driven by the growing logistics and transportation industry, which relies heavily on commercial vehicles for their operations. The Global Automobile Friction Products Market plays a crucial role in meeting the demand for reliable and efficient friction products in these segments, contributing to the safety and performance of vehicles worldwide.
Global Automobile Friction Products Market Outlook:
Looking at the market outlook, the Global Automobile Friction Products Market was valued at a significant US$ 12390 million in 2022. This value is expected to see a substantial increase, reaching an estimated US$ 15050 million by 2029. This growth represents a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period from 2023 to 2029. This steady growth can be attributed to various factors, including the increasing production and sales of vehicles worldwide, advancements in friction product technology, and the growing emphasis on vehicle safety. The market's growth is also influenced by the increasing demand for high-quality friction products from the automotive industry, driven by the need for reliable and efficient braking systems. As such, the Global Automobile Friction Products Market is poised for significant growth in the coming years, offering numerous opportunities for manufacturers and distributors in the industry.
| Report Metric | Details |
| Report Name | Automobile Friction Products Market |
| Accounted market size in 2022 | US$ 12390 million |
| Forecasted market size in 2029 | US$ 15050 million |
| CAGR | 2.5% |
| Base Year | 2022 |
| 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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| Consumption by Region |
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| By Company | Akebono Brake, Knorr-Bremse, Nisshinbo, Bosch, Bremskerl, Continental, Tenneco, Sangsin Brake, BorgWarner, Shandong Longji Machinery, Shandong Gold Phoenix, Alstom Flertex, EBC Brakes, Aisin Chemical, Schaeffler, Tokai Carbon, BPW Group, Tribo, Escorts Kubota |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
