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 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%
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
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 TOP-DOWN APPROACH
2.2.2 BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
2.4 ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE FRICTION MATERIALS MARKET
4.2 FRICTION MATERIALS MARKET, BY REGION
4.3 FRICTION MATERIALS MARKET, BY PRODUCT AND END-USE INDUSTRY
4.4 FRICTION MATERIALS MARKET, BY COUNTRY
4.5 FRICTION MATERIALS MARKET, BY END-USE INDUSTRY AND REGION
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Upsurge in worldwide demand for passenger and commercial vehicles
5.2.2 RESTRAINTS
5.2.2.1 Underdeveloped friction materials market in Middle East & Africa region in automotive end-use industry
5.2.3 OPPORTUNITIES
5.2.3.1 Demand for lightweight friction products in automotive end-use industry
5.2.4 CHALLENGES
5.2.4.1 Advancements in braking technologies to eradicate the use of friction materials
5.3 PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 VALUE CHAIN ANALYSIS
5.5 FRICTION MATERIALS: MATERIAL OVERVIEW
5.5.1 NON-ASBESTOS ORGANIC (NAO)
5.5.2 LOW STEEL
5.5.3 SEMI-METALLIC
5.5.4 SINTERED METALS
5.5.5 CERAMIC
5.5.6 ASBESTOS
5.5.7 OTHERS (ARAMID FIBER, GLASS FIBER, CARBON FIBER, RUBBER, PAPER, ETC.)
5.6 MACROECONOMIC INDICATOR
5.6.1 AUTOMOTIVE
5.6.2 CONSTRUCTION
6 FRICTION MATERIALS MARKET, BY PRODUCT
6.1 INTRODUCTION
6.2 PADS
6.3 LINING
6.4 DISCS
6.5 BLOCKS
6.6 OTHERS
7 FRICTION MATERIALS MARKET, BY BUSINESS TYPE
7.1 INTRODUCTION
7.2 ORIGINAL EQUIPMENT (OE)
7.3 AFTERSALES
8 FRICTION MATERIALS MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 BRAKES
8.3 CLUTCHES
8.4 INDUSTRIAL BRAKE & TRANSMISSION SYSTEMS
9 FRICTION MATERIALS MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 AUTOMOTIVE
9.3 RAILWAY
9.4 CONSTRUCTION
9.5 AEROSPACE & MARINE
9.6 OTHERS
10 REGIONAL ANALYSIS
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 MEXICO
10.2.3 CANADA
10.3 ASIA PACIFIC
10.3.1 CHINA
10.3.2 JAPAN
10.3.3 INDIA
10.3.4 SOUTH KOREA
10.3.5 THAILAND
10.3.6 REST OF ASIA PACIFIC
10.4 EUROPE
10.4.1 GERMANY
10.4.2 FRANCE
10.4.3 UK
10.4.4 SPAIN
10.4.5 ITALY
10.4.6 BELGIUM
10.4.7 NETHERLANDS
10.4.8 REST OF EUROPE
10.5 SOUTH AMERICA
10.5.1 BRAZIL
10.5.2 ARGENTINA
10.5.3 REST OF SOUTH AMERICA
10.6 MIDDLE EAST & AFRICA
10.6.1 SOUTH AFRICA
10.6.2 IRAN
10.6.3 EGYPT
10.6.4 REST OF MIDDLE EAST & AFRICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 RANKING OF KEY MARKET PLAYERS
11.3 COMPETITIVE SCENARIO
11.3.1 NEW PRODUCT DEVELOPMENT
11.3.2 EXPANSIONS
11.3.3 ACQUISITIONS
11.3.4 PARTNERSHIPS/AGREEMENTS/CONTRACTS/JOINT VENTURE
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 AKEBONO BRAKE INDUSTRY
12.2 FEDERAL-MOGUL HOLDINGS
12.3 FRAS-LE
12.4 NISSHINBO HOLDINGS
12.5 AISIN SEIKI
12.6 ITT INC.
12.7 MIBA AG
12.8 VALEO FRICTION MATERIALS INDIA PRIVATE LIMITED
12.9 CARLISLE BRAKE & FRICTION (CBF)
12.10 YANTAI HI-PAD BRAKE TECHNOLOGY
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
Table 1 FRICTION MATERIALS MARKET SNAPSHOT
Table 2 INTERNATIONAL AUTOMOTIVE PRODUCTION OUTLOOK, 2012-2017 (MILLION UNITS)
Table 3 FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016–2023 (USD MILLION)
Table 4 FRICTION MATERIALS MARKET IN PADS, BY REGION, 2016–2023 (USD MILLION)
Table 5 FRICTION MATERIALS MARKET IN LININGS, BY REGION, 2016–2023 (USD MILLION)
Table 6 FRICTION MATERIALS MARKET IN DISCS, BY REGION, 2016–2023 (USD MILLION)
Table 7 FRICTION MATERIALS MARKET IN BLOCK, BY REGION, 2016–2023 (USD MILLION)
Table 8 FRICTION MATERIALS MARKET IN OTHERS PRODUCT SEGMENT, BY REGION, 2016–2023 (USD MILLION)
Table 9 FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016–2023 (USD MILLION)
Table 10 FRICTION MATERIALS MARKET IN ORIGINAL EQUIPMENT (OE), BY REGION, 2016–2023 (USD MILLION)
Table 11 FRICTION MATERIALS MARKET IN AFTERSALES, BY REGION, 2016–2023 (USD MILLION)
Table 12 FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 13 FRICTION MATERIALS MARKET IN BRAKES, BY REGION, 2016–2023 (USD MILLION)
Table 14 FRICTION MATERIALS MARKET IN CLUTCHES, BY REGION, 2016–2023 (USD MILLION)
Table 15 FRICTION MATERIALS MARKET IN INDUSTRIAL BRAKE & TRANSMISSION SYSTEMS, BY REGION, 2016–2023 (USD MILLION)
Table 16 FRICTION MATERIALS MARKET, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 17 FRICTION MATERIALS MARKET IN AUTOMOTIVE, BY REGION, 2016–2023 (USD MILLION)
Table 18 FRICTION MATERIALS MARKET IN RAILWAY, BY REGION, 2016–2023 (USD MILLION)
Table 19 FRICTION MATERIALS MARKET IN CONSTRUCTION, BY REGION, 2016–2023 (USD MILLION)
Table 20 FRICTION MATERIALS MARKET IN AEROSPACE & MARINE, BY REGION, 2016–2023 (USD MILLION)
Table 21 FRICTION MATERIALS MARKET IN OTHERS END-USE INDUSTRY, BY REGION, 2016–2023 (USD MILLION)
Table 22 FRICTION MATERIALS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
Table 23 NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 24 NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016–2023 (USD MILLION)
Table 25 NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016–2023 (USD MILLION)
Table 26 NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 27 NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 28 US FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 29 MEXICO FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 30 CANADA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 31 ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 32 ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016–2023 (USD MILLION)
Table 33 ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016–2023 (USD MILLION)
Table 34 ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 35 ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 36 CHINA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 37 JAPAN FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 38 INDIA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 39 SOUTH KOREA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 40 THAILAND FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 41 REST OF ASIA PACIFIC FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 42 EUROPE FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 43 EUROPE FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016–2023 (USD MILLION)
Table 44 EUROPE FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016–2023 (USD MILLION)
Table 45 EUROPE FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 46 EUROPE FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 47 GERMANY FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 48 FRANCE FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 49 UK FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 50 SPAIN FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 51 ITALY FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 52 BELGIUM FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 53 NETHERLANDS FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 54 REST OF EUROPE FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 55 SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 56 SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016–2023 (USD MILLION)
Table 57 SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016–2023 (USD MILLION)
Table 58 SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 59 SOUTH AMERICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 60 BRAZIL FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 61 ARGENTINA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 62 NORTH AMERICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 63 MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
Table 64 MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY PRODUCT, 2016–2023 (USD MILLION)
Table 65 MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY BUSINESS TYPE, 2016–2023 (USD MILLION)
Table 66 MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
Table 67 MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 68 SOUTH AFRICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 69 IRAN FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 70 EGYPT FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 71 REST OF MIDDLE EAST & AFRICA FRICTION MATERIALS MARKET SIZE, BY END-USE INDUSTRY, 2016–2023 (USD MILLION)
Table 72 NEW PRODUCT DEVELOPMENT, 2013-2017
Table 73 EXPANSIONS, 2013-2017
Table 74 ACQUISITIONS, 2013-2017
Table 75 PARTNERSHIPS/AGREEMENTS/CONTRACTS/JOINT VENTURE, 2013-2017
The report "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 grow from USD 44.65 million in 2018 to USD 57.04 million by 2023, at a CAGR of 5.0%. Increasing demand for passenger and commercial vehicles has led to the rise in the consumption of automotive components, which is driving the growth of the friction materials market.
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.. These players adopted various strategies such as new product development and agreement to strengthen their position in the friction materials market.
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.
Among products, the pads segment is projected to lead the overall friction materials market during the forecast period.
Based on product, the pads segment led the friction materials market in 2017. Pads are metal backing plates surfaced with friction materials. Pads are exposed to high abrasion, which leads to wear and tear. Friction pads are widely used in disc brake systems across various end-use industries. Therefore, the growth of end-use industries such as automotive is fueling the demand for friction materials in the pads segment.
Based on business type, the aftersales segment is projected to witness a higher CAGR during the forecast period.
The aftersales segment is expected to register a faster growth rate in the friction materials market during the forecast period. Aftersales friction materials products comprise consumable friction products, which are witnessing high demand from end-use industries. the market in the original equipment (OE) segment is also expected to witness significant growth during the forecast period.
The brakes application segment is expected to lead the overall friction materials market between 2018 and 2023.
Based on application, the brakes segment led the overall friction materials market in 2017. The growing demand for friction brake systems such as disc brakes and drum brakes, particularly from the automotive industry, has fueled the market in this segment. The rising trend regarding the adoption of disc brakes for better brake system performance has led to the high demand for friction brakes.
Based on end-use industry, the friction materials market is projected witness the highest CAGR in the automotive industry during the forecast period.
The automotive industry is expected to be the fastest growing end user in the overall friction materials market during the forecast period. Rising penetration of passenger and commercial vehicles has fueled the demand for friction materials in the automotive industry, which is the largest consumer of friction materials. High demand for replacement components is also fueling the growth of the friction materials market in the automotive end-use industry.
Asia Pacific region is projected to be the largest market for friction materials between 2018 and 2023.
The Asia Pacific region is the largest consumer of friction materials across the globe and is also projected to lead the market during the forecast period. The growth of the friction materials market in Asia Pacific can be attributed to the economic growth of emerging economies such as China, India, and South Korea, among others. Improving economic conditions and rising demand for personal vehicles have led to the increased demand for friction products in the Asia Pacific region.
