DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Brakes Market for Friction Products by OE - Global Forecast to 2021" report to their offering.
The brake friction products OE market is projected to grow at a CAGR of 7.68% from 2016 to 2021, to reach a market size of USD 38.96 billion by 2021. Market growth is driven by factors such as the growing vehicle production, consumer concerns regarding safety, and extended vehicle life, which is creating a parallel aftermarket for brake friction products. Additionally, stringent safety regulations concerning stopping distance and environmental concerns related to brake pads are spurring the growth of the market.
The demand for light vehicles and SUVs is rising in the European and North American regions, as any increase in vehicle weight leads to additional pressure on the braking system. Brake friction product manufacturers are consequently focusing on the development of advanced and durable ceramic pads that can withstand high pressure and temperature.
Asia-Oceania is estimated to be the largest market, in terms of both value and volume, for brake friction products. This can be attributed to the high demand for vehicles, especially in emerging economies such as China and India, which are receiving investments from several OEMs. The availability of low-cost labor, favorable government policies, and mass production methods are additional factors propelling the growth of the brake friction products market in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Brake Friction Products Aftermarket, By Market Type
7 Brake Friction Products Aftermarket, By Product Type
8 Two-Wheeler Brake Friction Products Oe Market, By Region & Product Type
9 Brake Friction Products Oe Market, By Product Type, Vehicle Type And Country
10 Competitive Landscape
11 Company Profiles
- Aisin Seiki Co., Ltd.
- Akebono Brake Corporation
- Brembo S.p.A
- Delphi Automotive LLP
- Federal-Mogul Corporation
- Miba AG
- Nisshinbo Holdings Inc.
- Robert Bosch GmbH
- SGL Carbon AG
For more information about this report visit http://www.researchandmarkets.com/research/hhvv7m/brakes_market_for
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