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The friction products market size is forecast to increase by USD 8.68 billion, at a CAGR of 5.69% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in technology and the expanding applications across various sectors. Friction simulation software, which utilizes rheological properties to model tribochemical reactions, plays a crucial role in characterizing friction materials and predicting wear rates. Rolling friction resistance and coefficient of friction are essential parameters in optimizing friction losses and improving contact mechanics principles. Dynamic friction modeling and adhesion force measurement are essential in understanding boundary lubrication regimes and surface energy effects. Dry sliding friction and friction losses optimization are critical in industries such as automotive and aerospace, where minimizing friction and wear is essential for optimal performance and energy efficiency.
Friction monitoring sensors and tribometer calibration enable accurate measurement of static friction testing and coefficient of friction calculation. Friction stir welding and dynamic friction modeling are key techniques in manufacturing industries, ensuring efficient production and reducing material surface interaction. According to industry reports, the market is expected to grow by over 5% annually, driven by the increasing demand for energy-efficient solutions and the continuous development of surface modification techniques for friction reduction. For instance, a leading automotive manufacturer reported a 10% reduction in fuel consumption by implementing advanced friction reduction strategies in their engine components. In summary, the market is a dynamic and evolving landscape, with ongoing research and development in areas such as friction simulation software, tribochemical reactions, and surface energy effects driving innovation and growth.
The friction products industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The automotive segment is estimated to witness significant growth during the forecast period.
Friction products play a crucial role in various industries, particularly in automotive applications such as braking systems. These products can be categorized into disc brake pads and drum brake linings. Disc brake pads, used with disc brakes in passenger cars, consist of two pads attached to a disc. In contrast, drum brake linings, which surround the brake shoes in commercial vehicles, are large and robust. The automotive industry's focus on safety and regulatory compliance is driving the demand for disc brakes and, subsequently, disc brake pads. According to recent research, disc brakes accounted for over 60% of the global automotive brake market in 2020.
Friction measurement techniques, such as tribometry and friction force magnitude assessment, are essential in characterizing friction materials. These methods help optimize rolling friction resistance, coefficient of friction, and wear rate prediction. Friction reduction strategies, including material surface interaction and surface modification techniques, are crucial in minimizing friction losses. Contact mechanics principles and boundary lubrication regimes are integral to understanding the tribochemical reactions that occur during friction. Friction monitoring sensors enable real-time analysis of friction coefficients and lubricant effectiveness. Nano-scale friction studies and wear particle analysis are essential in understanding the impact of surface topography on friction and wear. Adhesion force measurement and elastohydrodynamic lubrication are essential in optimizing friction force magnitude and minimizing friction-induced vibrations.
Wear testing methods, such as static friction testing and dynamic friction modeling, provide valuable insights into the tribological properties of friction materials. In conclusion, the market is dynamic and evolving, with a focus on optimizing friction and wear properties through advanced characterization techniques, measurement methods, and surface modification strategies. The market is expected to grow at a significant rate, with increasing demand for disc brakes and advanced friction materials in various industries. For instance, the global automotive brake market is projected to reach USD 60.2 billion by 2027, growing at a compound annual growth rate of 5.3%.
The Automotive segment was valued at USD 13.34 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is witnessing significant growth, driven by the increasing use of advanced technologies in various industries. Friction simulation software is becoming increasingly popular for predicting wear rates and optimizing friction losses in various applications. Rheological properties and tribochemical reactions play a crucial role in understanding the behavior of friction materials under different conditions. Friction materials characterization and measurement techniques enable accurate assessment of coefficient of friction, rolling friction resistance, and contact mechanics principles. Surface energy effects and dry sliding friction are critical factors influencing material surface interaction and material selection. Friction reduction strategies, such as surface modification techniques and lubricant effectiveness, are gaining traction to minimize friction force magnitude and wear particle analysis.
The aerospace industry's demand for lightweight, high-performance materials with optimized friction properties is driving innovation in nano-scale friction and boundary lubrication regimes. In the automotive sector, the increasing popularity of electric and hybrid vehicles is leading to the development of new friction materials for dynamic friction modeling and elastohydrodynamic lubrication. APAC is the fastest-growing region in the market, with China being the largest contributor, owing to the high production and sales of passenger cars and commercial vehicles. The region's automotive industry's growth, driven by the entry of new OEMs, is expected to continue fueling the demand for friction products.
The market's growth is further supported by the increasing adoption of advanced friction measurement techniques, such as friction monitoring sensors and tribometer calibration, for quality control and performance optimization. For instance, a leading automotive component manufacturer in APAC reported a 15% increase in sales due to the adoption of advanced friction measurement techniques. The market is projected to grow at a steady pace, with increasing demand from various industries, including automotive, aerospace, and manufacturing.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The friction products market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the friction products market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, friction products market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABS Friction Inc. - The company specializes in manufacturing and supplying friction products, including disc brake pads, for various industries.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Friction Products Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
151 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.69% |
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Market growth 2024-2028 |
USD 8684.7 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.27 |
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Key countries |
China, US, Germany, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this friction products market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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