Global Automotive Friction Material Products Market Overview:
Automotive brake friction products include all of the aspects that aid in either stopping or slowing the vehicle. Automotive brake friction products include a brake pad, a brake drum, a brake shoe, a disc, and a liner. A brake pad is typically made up of an asbestos or semi-steel plated back that faces the brake disc. They convert the vehicle's kinetic energy into mechanical energy and assist the vehicle in stopping. Furthermore, two brake pads are contained in a calliper that is mounted on the disc in disc brake systems. Brake friction products, such as with a brake shoe, push outward and stop the rotating motion of the brake drum with in case of drum brakes.
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- Increased Friction Material Products Efficiency and Durability, Reduced Noise and Faster Stoppage
- Increasing Production and Sales of Frictional Material Product
- Fluctuating Cost Of Raw Materials
- High Cost Associated With The Automotive Products
- Rapidly Expansion Of Automotive Industry Across The Global
- Growing Demand For Electric Vehicles Is Anticipated To Fuel The Growth Of Friction Materials Product
- Presence Of Duplicate Product At Low Price In Market
- Intense Competition Among Player
The market for Automotive Friction Material Products is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Some of the key players profiled in the report are Bosch (Germany), Aisin Group (Japan), Textar Brake (France), Brembo (Italy), Honeywell (United States), Nisshinbo (Japan), Ferodo (United States), Akebono Brake Industry (United States), Tenneco (United States) and ITT (United States). Additionally, following companies can also be profiled that are part of our coverage like MIBA (Austria), Carlisle Brake and Friction(CBF) (United States) and Valeo Friction Materials (India). Analyst at AMA Research see United States Vendors to retain maximum share of Global Automotive Friction Material Products market by 2027. Considering Market by Sales Channel, the sub-segment i.e. OEM will boost the Automotive Friction Material Products market. Considering Market by Friction Material Type, the sub-segment i.e. Ceramic Friction Materials will boost the Automotive Friction Material Products market.
On 21 April 2022,Tenneco is introducing advanced OE hybrid friction material composites that simultaneously serve braking performance and comfort requirements in both internal combustion engine (ICE) and electric vehicles (EVs). The innovative new hybrid friction material combines the advantages of low steel (LS) and non-asbestos-organic (NAO) composites in one concept for brake pads.
What Can be Explored with the Automotive Friction Material Products Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive Friction Material Products Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive Friction Material Products
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Friction Material Products market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive Friction Material Products market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automotive brake friction products Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.