Automotive Brake Friction Materials Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025
Accelerating at a CAGR of almost 2.93%, the Global Automotive brake friction materials market is expected to grow by $ 1.20 bn during the forecast period. Our research report offers growth projections of all the market segments, along with an in-depth analysis of all the factors that are likely to boost growth. This research also delves deep into issues that are likely to challenge market growth. This detailed analysis of the market will facilitate clients in planning a business strategy for the growth of their business in the post-pandemic era.
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Automotive Brake Friction Materials Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Application (passenger cars, LCVs, and MCVs and HCVs) and Geography (APAC, Europe, North America, South America, and MEA).
- 60% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Automotive Brake Friction Materials Market size.
Automotive Brake Friction Materials Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Easy availability of low-cost friction materials will be a significant factor in driving the growth of the Automotive Brake Friction Materials Market.
- Adherence to stringent laws formulated by governments will be instrumental in driving the market growth during the forecast period.
- Sharp decline in automobile production and sales is a hurdle that needs to be crossed on the path to success.
Automotive Brake Friction Materials Market: Vendor Analysis
- The market is fragmented.
- 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 are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Automotive Brake Friction Materials Market Split by Application
- passenger cars
- LCVs
- MCVs and HCVs
- Automotive Brake Friction Materials Market Split by Geography
- APAC
- Europe
- North America
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- 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
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of almost 2.93%.
- What is the incremental growth of the market?
The market is expected to grow by $ 1.20 bn through 2021-2025.
- What is a key factor driving this market?
Easy availability of low-cost friction materials will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
60% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are 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
- What are the market segments covered in this report?
The market is segmented by Application (passenger cars, LCVs, and MCVs and HCVs) and Geography (APAC, Europe, North America, South America, and MEA)
Automotive Brake Friction Materials Market: Trends and Segments
Geographical Analysis and Market Highlights 2021-2025
The automotive brake friction materials market will grow by $ 1.20 billion, fragmented at a CAGR of almost 3% over the next five years. Our research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.
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Automotive Brake Friction Materials Market: APAC to lead market growth during the forecast period
- Based on our Geographical Segmentation, APAC is projected to contribute 60% of the market growth during the forecast period. The production shift to low-cost countries will significantly influence automotive brake friction materials market growth in this region. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the automotive brake friction materials market size.
- One of the key drivers that is likely to drive market growth is the easy availability of low-cost friction materials. China, US, Japan, Germany, India, and South Korea (Republic of Korea) are the key markets. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market. These insights will equip clients with all the information they need to plan COVID-19 recovery and growth strategies.
- Market is segmented by Application (Passenger cars, LCVs, and MCVs and HCVs) and Geography (APAC, Europe, North America, South America, and MEA).
Automotive Brake Friction Materials Market: Key Competitors
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 AGare some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
For more insights on this market: Download a Free Sample Report
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of almost 3%.
- What is the incremental growth of the market?
The market is expected to grow by $ 1.20 billion through 2021-2025.
- What is a key factor driving this market?
Easy availability of low-cost friction materials will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
60% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are 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
- What are the market segments covered in this report?
The market is segmented by Application (Passenger cars, LCVs, and MCVs and HCVs) and Geography (APAC, Europe, North America, South America, and MEA).
Market Segmentation by Application
-
- Automotive Brake Friction Materials Market Split by Application
- Passenger cars
- LCVs
- MCVs and HCVs
- Automotive Brake Friction Materials Market Split by Geography
- APAC
- Europe
- North America
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- 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
Automotive Brake Friction Materials Market: Key Drivers and Segmentation
The Global Automotive Brake Friction Materials Market is projected to grow by $ 1.20 bn, accelerating at a CAGR of almost 3% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.
Request for our free sample report to get a glimpse into our exhaustive research and analysis: Download FREE Sample Report
Automotive Brake Friction Materials Market: What are the factors that will drive market growth:
Technavio has identified Easy availability of low-cost friction materials as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Automotive Brake Friction Materials Market: Segments and Geographical Regions
This report provides a detailed analysis of the market by Application (Passenger cars, LCVs, and MCVs and HCVs) and Geography (APAC, Europe, North America, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download a Free Sample Report
