Automotive Friction Materials Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0098896
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.32 |
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Automotive Friction Materials Market Analysis Report 2023-2032
The Automotive Friction Materials Market is expected to experience a Compound Annual Growth Rate (CAGR) of 6.82% between 2022 and 2032. Over this period, the market size is projected to increase significantly by USD 3.7 billion. The growth of this market is driven by several factors, including increased demand for friction materials due to expanding automotive production, growing awareness of road safety, and technological advancements in material design and manufacturing.
Automotive Friction Materials Market Overview
Drivers
The growth of the Automotive Friction Materials Market is underpinned by the expanding automotive production worldwide. As more vehicles are manufactured, the demand for high-quality friction materials for braking and clutch systems rises.
Growing awareness of road safety is another key driver. Consumers, automotive manufacturers, and governments are increasingly focused on improving safety standards, which directly impacts the demand for advanced friction materials.
Technological advancements in material design and manufacturing techniques are enabling the development of high-performance friction materials that offer enhanced durability, reliability, and braking efficiency.
Trends
One prominent trend in the Automotive Friction Materials Market is the shift towards eco-friendly materials. Manufacturers are developing friction materials that reduce environmental impact by lowering harmful emissions, dust, and noise during braking.
The market is also witnessing a trend towards lightweight friction materials. As vehicle manufacturers strive to reduce the weight of vehicles to improve fuel efficiency, the demand for lighter friction materials is increasing.
Restraints
Market growth may be constrained by the volatility of raw material prices, particularly in the case of materials like asbestos and copper. The fluctuation in material costs can impact the pricing and profitability of friction material manufacturers.
Moreover, there are regulatory challenges and changing emission norms that manufacturers must navigate. Complying with these standards while delivering high-performance friction materials is a complex task.
Automotive Friction Materials Market Segmentation By Material Type
Friction materials encompass a range of materials like asbestos, non-asbestos organic, semi-metallic, and ceramic. Each material type has unique characteristics, making them suitable for different applications.
Automotive Friction Materials Market Segmentation By Application
Friction materials are used in various automotive applications, including brakes and clutches. The demand for advanced materials in these applications is a key driver of market growth.
Automotive Friction Materials Market Segmentation By Vehicle Type
Vehicle types such as passenger cars, commercial vehicles, and two-wheelers have distinct requirements for friction materials, which influence the market dynamics.
Automotive Friction Materials Market Segmentation By Sales Channel
Friction materials are supplied through multiple channels, including original equipment manufacturers (OEMs) and the aftermarket. Each channel has its specific characteristics and demand patterns.
Regional Overview:
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Request pdf SampleThe Asia-Pacific (APAC) region is expected to lead the global Automotive Friction Materials Market, driven by the significant automotive production and rising safety concerns. North America and Europe are also substantial markets due to the presence of leading automobile manufacturers and a strong focus on safety and environmental standards.
Automotive Friction Materials Market Customer Landscape
Understanding the preferences of various customer segments, from vehicle manufacturers to aftermarket consumers, is essential for market players. Different customers have distinct needs, cost considerations, and performance requirements.
Major Automotive Friction Materials Market Companies
Key players in the Automotive Friction Materials Market are continuously investing in research and development to produce innovative and high-performance materials. Strategic collaborations, mergers and acquisitions, and geographic expansion are some strategies used to strengthen market presence.
Sample list of major companies in the market:
- Brembo S.p.A
- Akebono Brake Industry Co., Ltd
- Federal-Mogul LLC
- Nisshinbo Holdings Inc
- TMD Friction Holdings GmbH
Qualitative and quantitative analyses of these companies offer insights into the competitive landscape and help stakeholders understand market dynamics.
Segment Overview
The Automotive Friction Materials Market report provides revenue forecasts at the global, regional, and country levels, spanning from 2019 to 2032.
- Material Type Outlook (USD Billion, 2019 - 2032)
- Asbestos
- Non-Asbestos Organic
- Semi-Metallic
- Ceramic
- Application Outlook (USD Billion, 2019 - 2032)
- Brakes
- Clutches
- Vehicle Type Outlook (USD Billion, 2019 - 2032)
- Passenger Cars
- Commercial Vehicles
- Two-Wheelers
- Sales Channel Outlook (USD Billion, 2019 - 2032)
- OEM
- Aftermarket
- Region Outlook (USD Billion, 2019 - 2032)
- North America
- United States
- Canada
- Europe
- United Kingdom
- Germany
- France
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- United Arab Emirates
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Automotive Friction Materials MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 - 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Automotive Friction Materials MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Automotive Friction Materials Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Automotive Friction Materials MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type 1
5.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
5.3. Type 2
5.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 6. Automotive Friction Materials MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application 1
6.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.3. Application 2
6.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.4. Application 3
6.4.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.5. Application 4
6.5.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 7. Automotive Friction Materials MARKET REGIONAL OUTLOOK
7.1. Automotive Friction Materials Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.2. North America Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.3. North America Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.4. North America Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.5.2. U.S. Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.5.3. U.S. Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.5.4. U.S. Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.6.2. Canada Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.6.3. Canada Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.6.4. Canada Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.2. Europe Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.3. Europe Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.4. Europe Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.5.2. Germany Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.5.3. Germany Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.5.4. Germany Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.6.2. France Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.6.3. France Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.6.4. France Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.7.2. U.K. Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.7.3. U.K. Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.7.4. U.K. Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.2. Asia Pacific Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.3. Asia Pacific Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.4. Asia Pacific Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.5.2. China Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.5.3. China Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.5.4. China Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.6.2. India Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.6.3. India Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.6.4. India Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.7.2. Japan Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.7.3. Japan Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.7.4. Japan Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.8.2. Australia Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.8.3. Australia Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.8.4. Australia Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.5.2. Mea Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.5.3. Mea Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.5.4. Mea Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Automotive Friction Materials Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.6.2. Latin America Automotive Friction Materials Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.6.3. Latin America Automotive Friction Materials Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.6.4. Latin America Automotive Friction Materials Market Estimates And Forecast By Production Process, 2016 -2027, (USD Million)
7.6.5. Latin America Automotive Friction Materials Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
List of Tables and Figures
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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