Automotive OEM Brake Friction Material Market Outlook
According to a new report by Expert Market Research titled, “Global Automotive OEM Brake Friction Material Market Size, Share, Trends, Growth, Key Players, Report and Forecast 2024-2032, the automotive OEM brake friction material market is projected to grow at a CAGR of 3.50% between 2024 and 2032. Aided by the burgeoning demand for safer, reliable, and efficient braking systems in vehicles and the expansion of the automotive sector, the market is expected to grow significantly by 2032.
Brake friction materials, constituting an integral part of a vehicle’s braking system, are tasked with the critical role of stopping motion by transforming kinetic energy into heat through friction. The materials typically encompass various substances such as pads and shoes which come into contact with brake discs or drums during the braking process. Commonly, these are comprised of composite materials including semi-metallic, non-asbestos organic (NAO), and low-metallic organic materials, valued for their high friction, wear resistance, and efficient heat dissipation qualities.
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The global automotive OEM brake friction material market growth is being driven by the remarkable expansion of the automotive industry worldwide. Accompanied by increased production and sales of vehicles across the globe, the demand for brake friction materials has witnessed a corresponding surge. Additionally, a heightened consumer awareness regarding vehicle safety has significantly impacted the market, fostering an emphasis on advanced and efficient braking systems.
Moreover, continuous advancements and enhancements in automotive braking technology, such as the advent of electronic parking brakes, anti-lock braking systems (ABS), and traction control systems, have contributed substantially to the automotive OEM brake friction material market expansion. These technological leaps have cultivated a need for high-grade brake friction materials capable of delivering peak performance under diverse driving conditions, thus stimulating market progress.
Furthermore, the imposition of stringent emission norms and regulations by governments globally has exerted pressure on the automotive industry to develop and integrate environmentally friendly and lightweight materials in vehicles, aiding the automotive OEM brake friction material market development. This development has triggered notable shifts in the brake friction material market as manufacturers increasingly focus on the production of eco-friendly and lightweight friction materials that not only boost fuel efficiency but also curtail harmful emissions. Also, the emergence of autonomous vehicles and the integration of advanced driver assistance systems (ADAS) are poised to offer promising growth avenues for the automotive OEM brake friction material market in the forthcoming years.
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Automotive OEM Brake Friction Material Market Segmentation
The market can be divided based on application type, brake type, material type, vehicle type, and region.
Market Breakup by Application Type
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- Brake Pads
- Brake Shoes
- Brake Lining
Market Breakup by Brake Type
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- Disc Brake
- Drum Brake
Market Breakup by Material Type
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- Organic
- Semi-Metallic
- Ceramic
Market Breakup by Vehicle Type
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- Passenger Car
- Commercial Vehicle
Market Breakup by Region
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- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global automotive OEM brake friction material companies. Some of the major key players explored in the report by Expert Market Research are as follows:
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- Robert Bosch LLC
- Aisin Chemical Co., Ltd.
- BorgWarner Inc.
- Akebono Brake Industry Co., Ltd.
- Japan Brake Industrial Co., Ltd.
- Nisshinbo Holdings Inc.
- Others
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