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Friction Materials Market by Product (Pads, Linings, Discs, Blocks), Business Type (OE and Aftersales), Application (Brakes, Clutches), End-use Industry (Automotive, Railway, Construction), and Region - Global Forecast to 2023

Friction Materials Market by Product (Pads, Linings, Discs, Blocks), Business Type (OE and Aftersales), Application (Brakes, Clutches), End-use Industry (Automotive, Railway, Construction), and Region - Global Forecast to 2023
“The friction materials market size is projected to reach USD 57.04 million by 2023, at a CAGR of 5.0%.”
The friction materials market size is projected to grow from USD 44.65 million in 2018 to USD 57.04 million by 2023, at a CAGR of 5.0%. The market is driven by rising demand for passenger and commercial vehicles, which leads to the growth of friction materials consumption in auto components. However, lack of friction materials market development across end-use industries in the Middle East & Africa region may restrain the growth of the market.

“Pads product segment is projected to lead the friction materials market during the forecast period.”
Based on product, the pads segment is projected to lead the overall friction materials market from 2018 to 2023. Pads are used in brake systems and are exposed to significant friction, which leads to wear and tear. Friction pads are less prone to release dust on abrasion and can withstand high temperature.

“Friction materials market is projected to witness highest CAGR in brakes application during the forecast period.”
The market for friction materials projected to witness the highest CAGR in the brakes application segment between 2018 and 2023. Brake systems are essential to decelerate or control acceleration of vehicle or machinery. The high demand for friction brakes from end-use industries such as automotive and railway is driving the growth in brakes application segment.

“Asia Pacific friction materials market is projected to witness the highest growth during the forecast period.”
The Asia Pacific friction materials market is projected to witness the highest growth between 2018 and 2023. Emerging economies such as China and India are high-growth markets for automotive, railway, and construction industries, which are the major consumers of friction materials in the region. In addition, the economic growth of these countries and increased consumers spending on automobiles have led to the development of a major auto components market in the region. All these factors are expected to drive the growth of the Asia Pacific friction materials market during the forecast period.

Breakdown of the profiles of primary participants:
By Company Type: Tier 1 - 20%, Tier 2 - 36%, and Tier 3 - 44%
By Designation: Director-Level - 12%, C-Level - 40%, and Others - 48%
By Region: Asia Pacific - 36%, Europe - 24%, North America - 20%, South America -12%, and Middle East & Africa - 8%

Major companies profiled in this report include Akebono Brake Industry (Japan), Federal-Mogul Holdings (US), Miba (Austria), Fras-Le (Brazil), Nisshinbo Holdings (Japan), Aisin Seiki (Japan), Valeo Friction Materials India (India), Yantai Hi-Pad Brake Technology (China), and Carlisle Brake & Friction (US), among others.

Research Coverage
This report offers an overview of the trends, drivers, restraints, challenges, and opportunities with respect to the friction materials market. It also provides a detailed overview of the friction materials market across 5 regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The report categorizes the friction materials market based on product, business type, application, and end-use industry. A detailed analysis of the leading players of the friction materials market, along with key growth strategies adopted by them, is also covered in the report.

Reasons to Buy the Report
This report covers the following key aspects:
Size of the friction materials market by 2023 and its CAGR during the forecast period from 2018 to 2023
Key trends in the friction materials market
Factors expected to drive the growth of the friction materials market during the forecast period
Challenges expected to impact the growth of the friction materials market during the forecast period
Key players operating in the friction materials market


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
    • LIMITATIONS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table FRICTION MATERIALS MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN THE FRICTION MATERIALS MARKET
    • FRICTION MATERIALS MARKET, BY REGION
    • FRICTION MATERIALS MARKET, BY PRODUCT AND END-USE INDUSTRY
    • FRICTION MATERIALS MARKET, BY COUNTRY
    • FRICTION MATERIALS MARKET, BY END-USE INDUSTRY AND REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • PORTER’S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • VALUE CHAIN ANALYSIS
    • FRICTION MATERIALS: MATERIAL OVERVIEW
      • NON-ASBESTOS ORGANIC (NAO)
      • LOW STEEL
      • SEMI-METALLIC
      • SINTERED METALS
      • CERAMIC
      • ASBESTOS
      • OTHERS (ARAMID FIBER, GLASS FIBER, CARBON FIBER, RUBBER, PAPER, ETC.)
    • MACROECONOMIC INDICATOR
      • AUTOMOTIVE
        • Table INTERNATIONAL AUTOMOTIVE PRODUCTION OUTLOOK, 2012-2017 (MILLION UNITS)
      • CONSTRUCTION
  • FRICTION MATERIALS MARKET, BY PRODUCT
    • INTRODUCTION
      • Table FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
    • PADS
      • Table FRICTION MATERIALS MARKET IN PADS, BY REGION, 2016-2023 (USD MILLION)
    • LINING
      • Table FRICTION MATERIALS MARKET IN LININGS, BY REGION, 2016-2023 (USD MILLION)
    • DISCS
      • Table FRICTION MATERIALS MARKET IN DISCS, BY REGION, 2016-2023 (USD MILLION)
    • BLOCKS
      • Table FRICTION MATERIALS MARKET IN BLOCK, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table FRICTION MATERIALS MARKET IN OTHERS PRODUCT SEGMENT, BY REGION, 2016-2023 (USD MILLION)
  • FRICTION MATERIALS MARKET, BY BUSINESS TYPE
    • INTRODUCTION
      • Table FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016-2023 (USD MILLION)
    • ORIGINAL EQUIPMENT (OE)
      • Table FRICTION MATERIALS MARKET IN ORIGINAL EQUIPMENT (OE), BY REGION, 2016-2023 (USD MILLION)
    • AFTERSALES
      • Table FRICTION MATERIALS MARKET IN AFTERSALES, BY REGION, 2016-2023 (USD MILLION)
  • FRICTION MATERIALS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • BRAKES
      • Table FRICTION MATERIALS MARKET IN BRAKES, BY REGION, 2016-2023 (USD MILLION)
    • CLUTCHES
      • Table FRICTION MATERIALS MARKET IN CLUTCHES, BY REGION, 2016-2023 (USD MILLION)
    • INDUSTRIAL BRAKE & TRANSMISSION SYSTEMS
      • Table FRICTION MATERIALS MARKET IN INDUSTRIAL BRAKE & TRANSMISSION SYSTEMS, BY REGION, 2016-2023 (USD MILLION)
  • FRICTION MATERIALS MARKET, BY END-USE INDUSTRY
    • INTRODUCTION
      • Table FRICTION MATERIALS MARKET, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
    • AUTOMOTIVE
      • Table FRICTION MATERIALS MARKET IN AUTOMOTIVE, BY REGION, 2016-2023 (USD MILLION)
    • RAILWAY
      • Table FRICTION MATERIALS MARKET IN RAILWAY, BY REGION, 2016-2023 (USD MILLION)
    • CONSTRUCTION
      • Table FRICTION MATERIALS MARKET IN CONSTRUCTION, BY REGION, 2016-2023 (USD MILLION)
    • AEROSPACE & MARINE
      • Table FRICTION MATERIALS MARKET IN AEROSPACE & MARINE, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table FRICTION MATERIALS MARKET IN OTHERS END-USE INDUSTRY, BY REGION, 2016-2023 (USD MILLION)
  • REGIONAL ANALYSIS
    • INTRODUCTION
      • Table FRICTION MATERIALS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • US
        • Table US FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • MEXICO
        • Table MEXICO FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • CANADA
        • Table CANADA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • CHINA
        • Table CHINA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • JAPAN
        • Table JAPAN FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • INDIA
        • Table INDIA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • SOUTH KOREA
        • Table SOUTH KOREA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • THAILAND
        • Table THAILAND FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
    • EUROPE
      • Table EUROPE FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table EUROPE FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table EUROPE FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016-2023 (USD MILLION)
      • Table EUROPE FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table EUROPE FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • GERMANY
        • Table GERMANY FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • FRANCE
        • Table FRANCE FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • UK
        • Table UK FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • SPAIN
        • Table SPAIN FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • ITALY
        • Table ITALY FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • BELGIUM
        • Table BELGIUM FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • NETHERLANDS
        • Table NETHERLANDS FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • REST OF EUROPE
        • Table REST OF EUROPE FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
    • SOUTH AMERICA
      • Table SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • BRAZIL
        • Table BRAZIL FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • ARGENTINA
        • Table ARGENTINA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • REST OF SOUTH AMERICA
        • Table NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
      • Table MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • SOUTH AFRICA
        • Table SOUTH AFRICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • IRAN
        • Table IRAN FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • EGYPT
        • Table EGYPT FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING OF KEY MARKET PLAYERS
    • COMPETITIVE SCENARIO
      • NEW PRODUCT DEVELOPMENT
        • Table NEW PRODUCT DEVELOPMENT, 2013-2017
      • EXPANSIONS
        • Table EXPANSIONS, 2013-2017
      • ACQUISITIONS
        • Table ACQUISITIONS, 2013-2017
      • PARTNERSHIPS/AGREEMENTS/CONTRACTS/JOINT VENTURE
        • Table PARTNERSHIPS/AGREEMENTS/CONTRACTS/JOINT VENTURE, 2013-2017
  • COMPANY PROFILES
    • AKEBONO BRAKE INDUSTRY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • FEDERAL-MOGUL HOLDINGS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • FRAS-LE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • NISSHINBO HOLDINGS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • AISIN SEIKI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ITT INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MIBA AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • VALEO FRICTION MATERIALS INDIA PRIVATE LIMITED
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CARLISLE BRAKE & FRICTION (CBF)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
    • YANTAI HI-PAD BRAKE TECHNOLOGY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • MNM VIEW
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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