Some of the key manufacturers of the automotive brake friction products includes ABS Friction; Akebono Brake Industry Co., Ltd.; Bendix Spicer Foundation Brake, LLC; Bosch Limited; Carlisle Brake & Friction, Inc.; Delphi Auto Parts; Japan Brake Industrial Co., Ltd.; Aisin Corporation; Miba AG; and Nisshinbo Brake Inc. among others. After the automotive brake friction products manufacturers, several peripheral stakeholders in the global automotive brake friction products play a crucial role in enabling the technology advancements and adoption of advanced automotive brake friction products such as ABS (Anti-lock braking system) and Ebd (Electronic brakeforce distribution). System integrators play a vital role in installing the automotive brake friction products. Some of the stakeholders include government organizations and regulatory bodies among others. For instance, many governments’ stringent policies such as the National Highway Traffic Safety Administration (NHTSA) of the US necessitate Modern ABS and Electronic Stability Control (ESC) for traction traffic control. Further, increasing in passengers and commercial vehicles is supporting the automotive brake friction product market growth.
ABS Friction; Akebono Brake Industry Co., Ltd.; Bendix Spicer Foundation Brake; – PROMINENT MARKET PARTICIPANTS IN AUTOMOTIVE BRAKE FRICTION PRODUCTS MARKET
The global automotive brake friction products market analysis on the basis of disc materials is divided into metallic, ceramic and composites. On the basis of products, the global Automotive Brake Friction Products is divided into brake shoe, brake pad, brake disc, brake liner and drum brake. On the basis of vehicles, the global Automotive Brake Friction Products is divided into passenger vehicles and commercial vehicles. Based on region, the global automotive brake friction products market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Furthermore, the rising population and improved economic conditions have resulted in an increase in vehicle production in many regions, which in turn is positively impacting the market for brake friction products has grown. It has been observed that production has increased significantly over the years. Increased consumer purchasing power, rising disposable income, increased demand for personal vehicles as a result of Covid-19 safety precautions, and the growth of e-commerce are all factors that have contributed to the increase in production. Further, the growth of the automotive brake friction products market is being aided by an increase in government mandates for vehicle safety features
Most of the market developments were observed in North America, which has a high potential for automotive smart key providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2022 | Carlisle Brake & Fiction is excited to announce the launch of the company’s next generation of fiction materials. | North America |
| 2021 | Delphi Technologies Aftermarket announces portfolio expansion and product launches at AAPEX 2021. | North America |
