Global Automotive Brake Friction Materials Market 2017-2021
About Automotive Brake Friction Materials
Friction materials are also known as brake materials or clutch materials. These are used to slow down a vehicle by changing kinetic energy to thermal energy with the help of friction and heat transfer in the surrounding environment. The materials are provided with rough surfaces to improve friction. Manufacturers focus on creating materials that reduce the stopping distance when the brakes are applied. In addition, they focus on reducing the weight of the friction materials.
Technavio’s analysts forecast the global automotive brake friction materials market to grow at a CAGR of 5.00% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive brake friction materials market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Brake Friction Materials Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive brake friction materials market: Akebono Brake, Robert Bosch, Carlisle, ITT, and Nisshinbo Holdings.
Other Prominent Vendors in the market are: ABS Friction, Bendix Commercial Vehicles Systems, Brembo, BREMSKERL REIBBELAGWERKE Emmerling, Fras-le, GAMA, ICER BRAKES, Japan Brake Industrial, LUMAG, Miba, Roulunds Braking, Trimat, and ZF Friedrichshafen.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of copper-free brake friction materials. The US government in association with various automotive associations prohibits the use of heavy metals and copper for making brake friction materials. Copper offers benefits such as dissipation of heat. Braking generates a lot of heat, and the temperature can go up to 1112 Fahrenheit.”
According to the report, one driver in the market is increase in global production of vehicles. The global production of commercial and passenger vehicles has increased. China is the leading manufacturer of vehicles, followed by the Americas and Europe. The increase in purchasing power drives the demand for passenger cars. The millennials, also known as generation Y, contribute significantly to the global passenger cars market. Familiarity with brands and inclination toward a luxurious lifestyle are the key factors that increase spending.
Further, the report states that one challenge in the market is emergence of counterfeit brake friction materials. The emergence of counterfeit brake materials poses a threat to the manufacturers. The average life of the cars is increasing, and the replacement period of cars has shortened. Auto parts manufactured by the OEMs are costly but of high quality. Counterfeit auto parts offered by third-party vendors or local companies are the exact replica of the auto parts and are affordable. However, these are of inferior quality. Several consumers buy these counterfeit products to save costs. Some customers are tricked into buying the fake products.
Akebono Brake, Robert Bosch, Carlisle, ITT, Nisshinbo Holdings, ABS Friction, Bendix Commercial Vehicles Systems, Brembo, BREMSKERL REIBBELAGWERKE Emmerling, Fras-le, GAMA, ICER BRAKES, Japan Brake Industrial, LUMAG, Miba, Roulunds Braking, Trimat, and ZF Friedrichshafen.
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