Brake Friction Market to Grow with a CAGR of 5.37% through 2029
Increasing
demand for performance of the vehicle, increasingly stringent emission norms
and growing technological advancements, drives the Global Brake Friction Market.
According to
TechSci Research report, “Brake Friction Market - Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2029F”, the global brake friction market was
valued at USD 15.21 Billion in 2023 and is expected to reach USD 20.75 Billion
by 2029 with a CAGR of 5.37% during the forecast period The
brake friction market is witnessing significant growth, driven by rising demand
for automotive safety, stringent government regulations, and advancements in
braking technology. A key driver of the market is the increasing production of
vehicles worldwide, particularly in emerging economies where middle-class
populations are expanding. The growing awareness of road safety among consumers
and automakers’ focus on reducing stopping distances have propelled the
adoption of high-performance brake friction materials, such as ceramic and
carbon composites. The rising penetration of electric and hybrid vehicles is
encouraging the development of lightweight and durable braking components to
enhance energy efficiency. The surge in aftermarket services, fuelled by
vehicle maintenance needs, is also contributing to market expansion.
However,
the brake friction market faces notable challenges. Stringent environmental
regulations regarding brake pad material composition, particularly the
restriction of harmful substances like copper, pose a hurdle for manufacturers.
Developing eco-friendly alternatives that maintain performance and durability
requires significant research and development investments. Additionally,
fluctuations in raw material prices impact production costs, affecting
profitability. The market also contends with increasing competition from local
and global players, which exerts pressure on pricing strategies. Moreover, as
the automotive industry transitions to electric vehicles, regenerative braking
systems, which reduce reliance on traditional friction-based brakes, could
limit market growth in certain segments.
Despite
these challenges, opportunities abound as innovations in brake friction
materials and production processes are addressing regulatory and performance
demands. The integration of advanced braking systems, such as electronic
stability control and anti-lock braking systems, further elevates the demand
for superior friction materials. As manufacturers focus on enhancing product
offerings and expanding into untapped markets, the brake friction industry is
poised for sustained growth.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on
"Global Brake Friction Market.”
The Brake
Friction Market is segmented into vehicle type, liner
type, material type and
region.
Based on liner type, In the brake
friction market, moulded brake liners emerge as the leading segment, primarily
due to their superior performance characteristics, versatility, and wide
adoption across diverse vehicle types. Moulded brake liners are manufactured
through a process that involves compressing friction materials into a mold
under high pressure and temperature, resulting in a dense, durable product with
excellent resistance to wear and heat. These attributes make them particularly
suitable for applications requiring consistent and reliable braking
performance, such as in passenger cars, heavy commercial vehicles, and
industrial machinery.
The dominance of
moulded brake liners is further driven by their ability to withstand high
braking forces and their adaptability to different braking conditions. They are
preferred in high-performance vehicles and applications where stopping
distances are critical. Additionally, moulded liners offer a quieter braking
experience compared to woven liners, which enhances their appeal in segments
where comfort and noise reduction are prioritized, such as in luxury and
passenger vehicles. Another factor contributing to their leadership is the
growing emphasis on safety and regulatory compliance. Moulded brake liners are
often engineered to meet stringent industry standards and are compatible with
advanced braking systems like anti-lock braking systems (ABS) and electronic
stability programs (ESP). The increasing vehicle production in emerging
economies and the rise in aftermarket replacement demand bolster the segment's
growth. In contrast, woven brake liners, while valued for their flexibility and
lightweight design, are more commonly used in specific niche applications, such
as low-speed industrial machinery. Their market share is limited by lower
durability and resistance to high temperatures compared to moulded liners. With
advancements in material science and manufacturing processes, the moulded brake
liner segment continues to expand its footprint, reinforcing its position as
the market leader in the brake friction industry.
Major companies
operating in the global brake friction market are:
- Brembo N.V.
- Akebono Brake Industry Co., Ltd.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Nisshinbo Holdings Inc.
- Tenneco Inc.
- ADVICS Co., Ltd.
- MAT Holdings, Inc.
- Sangsin Brake Co., Ltd.
- ITAPROCHIM S.p.A.
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“A key trend in
the brake friction market is the shift towards eco-friendly and sustainable
friction materials, driven by stringent environmental regulations and growing
consumer awareness. Governments worldwide are imposing restrictions on
hazardous substances, such as copper, asbestos, and heavy metals, traditionally
used in brake pads and linings due to their adverse environmental and health
impacts. This has spurred manufacturers to innovate and develop alternative
materials that comply with these regulations without compromising performance.
The adoption of non-toxic and recyclable materials, such as organic fibers,
aramid, and ceramic composites, is gaining traction. These materials not only
reduce environmental harm but also offer enhanced braking efficiency, reduced
noise, and lower wear on rotors. The demand for copper-free brake pads,
particularly in regions like Europe and North America, is accelerating this
trend. The rise of electric and hybrid vehicles (EVs) is influencing the design
of friction materials. EVs often use regenerative braking systems, which reduce
the reliance on traditional friction brakes. As a result, manufacturers are
focusing on lightweight and durable materials that complement these systems
while meeting the performance needs of modern vehicles. This trend underscores
the industry's commitment to sustainability and innovation, paving the way for
a cleaner, safer automotive future. is the“, said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
"Brake Friction Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Vehicle Type (Passenger Car, Commercial Vehicle), By Liner Type (Moulded Brake Liner, Woven Brake Liner), By Material
Type (Metallic Brake Disc, Ceramic Brake Disc, Composite Brake Disc), By
Region & Competition, 2019-2029F”, has evaluated the future growth
potential of global brake friction market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the global brake friction market.
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