The global brake friction products market size was US$ 10.74 billion in 2021. The global brake friction products market size is forecast to reach US$ 16.06 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2022 to 2030.

Brake friction involves the development of products that assist vehicles in stopping or slowing down. Products used in brake friction include brake pads, drums, shoes, discs, and liners. Brake pads consist of asbestos or semi-stainless steel-plated backs that face the brake disc. The brake pads convert kinetic energy into mechanical energy, which helps the vehicle stop. In addition, the disc brake system consists of two brake pads in the caliper attached to the disc. Moreover, drum brake products, such as brake shoes, push outward and stop the drum from rotating.

Factors Influencing Market Growth

• Increasing demand for convenience and comfort has led to an increase in vehicle production worldwide. As a result of improved economic conditions and an increasing population, vehicle production has increased in many regions. As a result, the market for brake friction products is growing.
• The use of durable products reduces the need to replace brake friction products. Consequently, the increased life of vehicle components places a major challenge for the global brake friction product market. 
• Increased demand for electric and hybrid vehicles and the rising use of lightweight materials in brake friction products should lead to lucrative opportunities for the global market in the coming years.

Impact Analysis of COVID-19

The COVID-19 pandemic has negatively affected the brake friction products market. Lockdowns restrict people's movements, resulting in abrupt drops in vehicle miles traveled (VMT). Therefore, the spread of COVID-19 did not cause a traffic jam that decreased the demand for friction products. It also hinders the manufacturing process because raw materials become unavailable. Also, lockdowns and low disposable income have affected the serving and changing of brake pads, resulting in the decline in the growth of the brake friction products market.

Regional Insights

In 2021, Asia Pacific held the largest share of the market for brake friction products and is forecast to maintain this position during the forecast period. Developing countries like India, China, Indonesia, and Thailand are experiencing increasing industrialization and urbanization. In addition, improved socio-economic conditions, rising GDP, and increasing population in the APAC region also create a high demand for transport facilities, which may increase the demand for these products.

Europe is forecast to grow rapidly over the forecast period. As a result of the existence of leading market players in the region and stringent government norms, the region is likely to grow. In addition, SUVs and other vehicles are also becoming increasingly popular. The high-speed capabilities and heavyweight of these ceramic or carbon composite brake systems allow them to produce friction products. In addition, the expanding infrastructural development and construction activities will further drive market growth.

Leading Competitors

The leading prominent companies profiled in the global brake friction products market are:

• Aisin Corporation 
• Akebono Brake Industry Co., Limited
• Brembo S.p.A
• Continental AG
• Delphi
• Federal-Mogul Corporation 
• The FTE automotive Group
• ITT Incorporated
• Meritor, Incorporated
• Miba AG
• Nisshinbo Holding, Incorporated
• Robert Bosch GmbH
• SGL Group
• Tenneco
• Other Prominent Players

Scope of the Report

The global brake friction products market segmentation focuses on Product Type, Type, Disc Material, Vehicle Type, and Region.

Segmentation based on Product Type

• Brake Disc
• Pad
• Drum
• Shoe Liner

Segmentation based on Type

• Woven 
• Molded

Segmentation based on Disc Material

• Metallic Disc
• Ceramic Disc

Segmentation based on Vehicle Type

• Passenger Car
• Lightweight Commercial Vehicle
• Truck Bus

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America