Automotive Brake Friction Products Market Size, Scope, and Share by 2031
Automotive Brake Friction Products Market: Strategic Insights
Automotive Brake Friction Products Market
-
CAGR (2023 - 2031)4.9% -
Market Size 2023
US$ 11,809.2 Million -
Market Size 2031
US$ 17,261.8 Million
Market Dynamics
GROWTH DRIVERS
- Traffic Congestion and Evolving Vehicle Architecture to Increase the Demand for Replacement Units
FUTURE TRENDS
- Metal-Free Brake Pads Technology in Electric Vehicles
OPPORTUNITIES
- The modern technologies such as ESC, adaptive cruise control adoption is driving the market trend.
Key Players
- 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
- Nisshinbo Brake Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Disc Materials
- Metallic
- Ceramic
- Composite
Product Type
- Brake shoe
- Brake Pad
- Brake Liner
- Brake Disc
- Drum Brake
Vehicle Type
- Passenger Vehicle
- Commercial Vehicle