Automotive Brake Friction Materials Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The automotive brake friction materials market share is expected to increase by USD 1.20 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.93%.

This automotive brake friction materials market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive brake friction materials market segmentations by application (passenger cars, LCVs, and MCVs and HCVs) and geography (APAC, Europe, North America, South America, and MEA). The automotive brake friction materials market report also offers information on several market vendors, including Aisin Corp, Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, General Motors Co., Knorr Bremse AG, Nisshinbo Holdings Inc., Robert Bosch GmbH, Showa Denko Materials Co. Ltd., and ZF Friedrichshafen AG among others.

What will the Automotive Brake Friction Materials Market Size be During the Forecast Period?

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Automotive Brake Friction Materials Market: Key Drivers, Trends, and Challenges

The easy availability of low-cost friction materials is notably driving the automotive brake friction materials market growth, although factors such as sharp decline in automobile production and sales may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive brake friction materials industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Brake Friction Materials Market Driver

One of the key factors driving the automotive brake friction materials market growth is the easy availability of low-cost friction materials. Brake linings form an integral part of the automotive disc and drum brake systems. They serve as a friction material and comes fitted as standard in automotive brake systems. Brake linings are a common component and are easily available and affordable. Brake linings made of asbestos are cheaper to manufacture, and thus forms an integral part of an automotive brake system. For reference, the average price of brake pads in the aftermarket ranges between $25 and $75, depending on the vehicle and the automaker. In addition, the availability of numerous regional and global brake lining manufacturers intensifies the competition in the market, leading to price wars. Brake products from both domestic and foreign players are easily available through offline as well as online distribution channels. The easy product availability and low cost play an instrumental role in driving the penetration of brake products in automobiles, thereby driving the global automotive brake friction materials market.

Key Automotive Brake Friction Materials Market Trend

Developments in automotive brake pad manufacturing is the major trend influencing automotive brake friction materials market growth. The global automotive brake friction materials market is directly related to brake pads in terms of penetration in the automotive industry. Vendors operating in the global automotive brake friction materials market are focusing on innovative materials and advanced designs and testing techniques to improve the overall performance and efficiency of the automotive braking system. Research and development of efficient materials for brake pad applications have increased over the years. In addition to performance, vendors are focusing on improving the reliability and durability of brake pads. Vendors are making use of advanced, real-time simulation techniques to test the performance of brake pads. Though the designing and manufacturing involve high costs in the beginning, benefits such as accuracy, speed, and ease of use associated with the use of advanced brake pads make them a cost-effective solution in the long term. Such development trends in automotive brake pad manufacturing are expected to positively impact the global automotive brake friction materials market during the forecast period.

Key Automotive Brake Friction Materials Market Challenge

Sharp decline in automobile production and sales are one of the key challenges hindering the automotive brake friction materials market growth. All passenger cars and commercial vehicles have a braking system. Therefore, the overall production and sales of automobiles will have an impact on the global automotive brake friction materials market. From 2018, the global automotive market is registering a slump in terms of sales and production, which is leading to a decline in the demand for several automotive components. The sales of light vehicles in the US dropped by about 3.1% during January-March 2019 compared with the same period in the previous year. Automotive production in Germany, UK, and China, among other countries, has been declining since 2017. China registered a decline of about 12.4% in automotive sales during the first half of 2019. Such factors that adversely affect automotive sales and production are reducing the demand for automotive components and parts, such as brake pads and brake linings, in the global automotive market and are hampering the growth of the global automotive brake friction materials market.

This automotive brake friction materials market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive brake friction materials market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive brake friction materials market during the forecast period.

Who are the Major Automotive Brake Friction Materials Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Aisin Corp
• Akebono Brake Industry Co. Ltd.
• Brembo Spa
• Continental AG
• General Motors Co.
• Knorr Bremse AG
• Nisshinbo Holdings Inc.
• Robert Bosch GmbH
• Showa Denko Materials Co. Ltd.
• ZF Friedrichshafen AG

 

This statistical study of the automotive brake friction materials market encompasses successful business strategies deployed by the key vendors. The automotive brake friction materials market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Aisin Corp - The company offers automotive braking system components with brake friction materials.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive brake friction materials market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Brake Friction Materials Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive brake friction materials market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automotive Brake Friction Materials Market?

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60% of the market's growth will originate from APAC during the forecast period. China, Japan, India, and South Korea (Republic of Korea) are the key markets for automotive brake friction materials in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high adoption of commercial vehicles in countries such as China, India, and South Korea will facilitate the automotive brake friction materials market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

However, owing to the COVID-19 pandemic, the production of automobiles and related components was temporarily suspended or reduced to prevent the community spread of the disease through social contact during the first half of 2020. Additionally, the reduced production of automobile components led to a supply-demand imbalance. However, after this crisis, the demand for automobiles, especially passenger cars, is expected to increase, as individuals are highly focusing on reducing their social contact and opting to purchase a new car or for car-sharing services, which in turn, will intensify the competition among automobile manufacturers. This will influence them to offer highly differentiated products, including automotive friction materials, which will drive the growth of the regional market. Thus, all the above-mentioned factors are expected to drive the demand for automotive brake friction materials, which will propel the growth of the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Brake Friction Materials Market?

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The automotive brake friction materials market share growth by the passengers cars will be significant during the forecast period. The adoption of passenger cars, along with the stringent emission norms, is leading to the significant adoption of eco-friendly components, including friction materials. This is expected to drive the growth of the global automotive brake friction materials market.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive brake friction materials market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Brake Friction Materials Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 2.93%
Market growth 2021-2025	$ 1.20 billion
Market structure	Fragmented
YoY growth (%)	2.43
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 60%
Key consumer countries	China, US, Japan, Germany, India, and South Korea (Republic of Korea)
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aisin Corp, Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, General Motors Co., Knorr Bremse AG, Nisshinbo Holdings Inc., Robert Bosch GmbH, Showa Denko Materials Co. Ltd., and ZF Friedrichshafen AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Brake Friction Materials Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive brake friction materials market growth during the next five years
• Precise estimation of the automotive brake friction materials market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive brake friction materials industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive brake friction materials market vendors

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