Worldwide Brake Friction Products Industry to 2026 – Featuring Aisin, Cardone Industries and Meritor Among Others – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Brake Friction Products Market (OE & Aftermarket) by Type (Brake Disc, Pad, Drum, Shoe, Liner), Disc Type (Metallic, Composite, Ceramic), Liner Type (Molded, Woven), Vehicle Type (ICE, Electric, PHEV, OHV), and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The brake friction market is mainly dependent on aftermarket sales of these products. Brake friction products need to be changed periodically.

This period varies with the usage of a vehicle and application of brakes. Hence, the growth of the brake friction market also depends on the global vehicle parc.

As per OICA, total vehicle sales, which include passenger cars and light commercial vehicles, increased from 91,458,490 units in 2016 to 92,654,055 units in 2018. Increased vehicle sales have increased the vehicle parc in the last few years substantially. The cumulative global vehicle part, which includes PC, LCV, and HCV segments, has increased from 859,769.7 thousand units in 2018 to 942,911.2 thousand units in 2020. The increase in vehicle parc has fueled the brake friction market globally.

Globally, the brake disc segment is expected to lead the market during the forecast period.

The global brake friction market, which can be attributed to the increasing penetration of disc brake systems in different vehicle segments. The penetration of brake discs in passenger cars is increasing globally, key countries are shifting toward disc brake technology in passenger cars.

Asia Oceania is projected to be the largest regional market

Asia Oceania is estimated to be the largest market for brake friction products as China and Japan are the major vehicle-producing countries and accounted for around 57% and 20% in 2020, respectively. With the increasing vehicle production and enhanced brake technologies such as ABS and EBD, the demand for brake friction products is increasing continuously.

According to OICA, global vehicle production increased from 77.6 million units in 2010 to 89.3 million units in 2026. Particularly in Asia, increasing industrialization is driving the production of trucks and commercial vehicles.

Market Dynamics

Drivers

• Increasing Vehicle Parc & Vehicle Miles Traveled to Boost the Aftermarket
• Increase in Vehicle Production Will Fuel the Demand for Brake Friction OE Market
• Growing Use of Brakes Due to Traffic Congestion to Increase the Demand for Replacement Units

Restraints

• Impact of COVID-19 on the Supply Chain of Automotive Components
• Improving Life of Brake Friction Products to Influence the Demand for Replacement Units
• Advancements in Brake Technologies to Eliminate the Need for Friction Materials

Opportunities

• Use of Lightweight Materials in Brake Friction Products
• Composite Brake Disc Provides Weight Reduction by 20%
• Metal-Free Brake Pads Technology in Electric Vehicles
• Ecofriendly and Non-Toxic Brake Friction Products to be New Avenues of Growth for Brake Manufacturers

Challenges

• Government Regulations Related to Alloy Composition of Brake Friction Products
• Counterfeit Brake Friction Products in the Aftermarket

Companies Mentioned

• Aisin Corporation
• Akebono Brake Industry Co. Ltd.
• Beringer
• Brake Friction Products Market – Additional Players
• Brembo S.P.A
• Cardone Industries, Inc.
• Continental Ag
• EBC Brakes
• FTE Automotive
• Haldex Ab
• Hitachi Astemo Ltd.
• ITT Inc.
• Mando Manufacturing Company
• Meritor, Inc.
• Miba Ag
• Nisshinbo Holdings Inc.
• Robert Bosch Gmbh
• SGL Carbon
• Tenneco Inc.
• Wuhan Youfin Auto Parts Co. Ltd.
• ZF Friedrichshafen Ag

For more information about this report visit https://www.researchandmarkets.com/r/5l340z

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