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The global automotive OEM brake friction material market is expected to grow at a CAGR of about 3.50% in the forecast period of 2024-2032, driven by the rising development of the automotive industry.
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North America is the leading market globally and is expected to constitute a significant market share during the forecast period as well. This is due to the rapid development of the automotive industry and the increasing demand for commercial vehicles within the region. The growing demand for cheap cars, growing production of vehicles in the area, favourable economic conditions, and regulations made by the government to increase trade among countries in the region are further expected to augment the market growth in the region.
On the other hand, the Asia Pacific region is anticipated to be one of the largest markets due to improving socio-economic conditions in emerging economies, like India, China, Indonesia, and Thailand. The increased vehicle production and upcoming stringent safety norms in China and India will boost the brake friction products market. OEMs based in China focus on adopting lightweight materials for brake friction products. The presence of global players is driving the adoption of safety features in vehicle models. The market growth can also be attributed to the surge in demand for passenger vehicles and the broad expansion of the automotive production units, impacted by the rising process of industrialisation in the region.
Automotive OEM brake friction materials are critical mechanical components that help slow or stop a vehicle's movement by producing friction between the vehicle's tyres. A brake pad, disc brake, brake liners, and brake shoes are among the components included in the materials. These parts help the car stop by converting the vehicle's kinetic energy into mechanical energy.
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By application type, the market includes:
Based on brake type, the market is segmented into:
The various types of materials in the market are:
Based on vehicle type, the market is divided into:
The regional markets for the automotive OEM brake friction material industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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During the forecast period, the growing automotive industry and the increasing production of commercial and passenger vehicles have gained significant demand for the automotive brake friction material market. Manufacturers focus on developing environment-friendly brake friction products and materials, such as nanomaterials, which can dissipate less heat and improve mechanical properties. This is anticipated to propel the growth of the automotive brake friction material industry globally. The demand for lightweight automobile brake friction materials expands as vehicles become more electrified. This is expected to fuel the growth of the automobile brake friction material industry during the forecast period. Growing urbanisation, industrialisation, and the strong presence of key vehicle manufacturers are further propelling the market growth. Increasing vehicle sales and the availability of advanced and lightweight friction materials are expected to foster the automotive OEM brake friction materials demand. Advanced materials, such as ceramics, improve brake pad efficiency across a wide temperature range. Low noise characteristics and a constant coefficient of friction also help to improve vehicle performance. The recent expansion of public and private transportation projects in emerging countries will increase heavy vehicle demand, propelling the market growth.
The report gives a detailed analysis of the following key players in the global automotive OEM brake friction material industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model, along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application Type |
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| Breakup by Brake Type |
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| Breakup by Material Type |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 3.50% between 2024 and 2032.
The major drivers of the market include the increasing demand for cheap cars, growing production of vehicles, favourable economic conditions, various regulations made by the government, urbanisation, industrialisation, increasing vehicle sales, and the availability of advanced and lightweight friction materials.
The rising automotive industry and the increasing production of commercial and passenger vehicles are the key industry trends propelling the market's growth.
The major regions in the global automotive OEM brake friction material market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different applications include brake pads, brake shoes, and brake lining.
Based on brake type, the market can be segmented into disc brakes and drum brakes.
The various materials in the market are organic, semi-metallic, and ceramic.
The different types of vehicles include passenger cars and commercial vehicles.
The major players in the industry are Robert Bosch LLC, Aisin Chemical Co., Ltd., BorgWarner Inc., Akebono Brake Industry Co., Ltd., Japan Brake Industrial Co., Ltd., and Nisshinbo Holdings Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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