DUBLIN--(BUSINESS WIRE)--The "Brake Friction Market (OE & Aftermarket) by Type (Brake Disc, Pad, Drum, Shoe, Liner), Disc Type (Metallic, Composite, Ceramic), Liner Type (Molded, Woven), Vehicle Type (ICE, Electric, Hybrid, OHV), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global brake friction (OE) market is projected to grow at a CAGR of 2.33% during the forecast period, from an estimated USD 13.48 billion in 2018 to USD 15.84 billion by 2025. The growing production and installation of brake disc are expected to drive the demand for brake friction products during the forecast period. However, low penetration of disc brake in commercial vehicles can hinder the growth of the brake friction products market in the forecast period.
Also, the brake friction aftermarket is projected to grow at a CAGR of 1.03% during the forecast period, from an estimated USD 29.778 billion in 2017 to USD 31.99 billion by 2025. The growth of the brake friction aftermarket can be attributed to increased vehicle usage across the globe.
The brake friction OE market for passenger cars is projected to grow at the highest CAGR during the forecast period from 2018 to 2025. Factors such as increasing production of passenger cars, growing awareness about safety, and better control and stability of the vehicle have led to an increase in the demand for disc brake friction system. Increasing disposable income levels are expected to increase the demand for personal cars, which in turn would increase the production of passenger cars.
The metallic brake disc is projected to be the largest segment of the brake friction market, by brake disc material. The majority of the present-day passenger cars are equipped with metallic brake disc that is cheaper than other disc types. The Asia Oceania region is estimated to be the largest market for metallic brake disc owing to the increasing vehicle production in countries such as India and China and low cost of the metallic brake disc.
- Aisin Seiki
- Autoliv Inc
- Continental AG
- FTE Automotive
- Hitachi Automotive Systems, Ltd
- Mando Corporation
- Robert Bosch
- Wabco Holdings
- ZF Friedrichshafen
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Brake Friction (OE) Market, By Product Type
7 Off-Highway Brake Friction (OE) Market, By Application
8 Electric & Hybrid Vehicle Brake Friction (OE) Market, By Vehicle Type
9 Brake Friction (OE) Market, By Vehicle Type
10 Brake Liner (OE) Market, By Liner Type
11 Brake Disc (OE) Market, By Material Type
12 Brake Friction Aftermarket, By Region
13 Competitive Landscape
14 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/rc7cnd/global_brake?w=4