About Friction Products and Materials
Friction materials also known as brake materials and clutch materials are used to induce friction in situations where slow or decreased movement is necessary. Friction is the resistance to relative motion that opposes an object’s direction of movement. Friction is created when a solid object comes into contact with a diverging surface. Friction can be used anywhere from slowing or stopping an object to accelerating it to a certain speed.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.9% |
Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Friction Products and Materials market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Federal-Mogul Corporation (United States), Tenneco Inc. (United States), Honeywell Corporation (United States), Akebono Brake Industry Co., Ltd. (Japan), Nisshinbo Brake Inc. (Japan), GMP Friction Products (United States), ABS Friction (Canada), Fras-le S.A (Brazil), Carlisle Brake & Friction (United States) and ADVICS Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are European Friction Industries (United Kingdom), Hindustan Composites (India), Japan Brake (Japan), Tokai Carbon (Japan), Aisin Chemical (Thailand) and Miba AG (Austria).
Segmentation Overview
AMA Research has segmented the market of Global Friction Products and Materials market by Type (Brake Blocks, Brake Shoes, Friction Discs, Clutch Discs and Others (Clutch Facings, Brake Linings, Brake Pads)), Application (Clutch and Brake Systems, Operating Systems, Automotive Equipment, Gear Tooth Systems, Industrial Machinery and Others) and Region.
On the basis of geography, the market of Friction Products and Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. Construction will boost the Friction Products and Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Asbestos Fiber will boost the Friction Products and Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Friction Material Products Efficiency and Durability, Reduced Noise and Faster Stoppage
Market Growth Drivers:
Growing demand from Automobile Industries for Friction materials and Products and Increasing Production and Sales of Frictional Material Parts
Challenges:
Wear and Tear of Parts owing to Continue Usage and Damage via Oil or Leaking Brake Fluid
Restraints:
High Cost of the Automotive Products and Fluctuating Cost of Raw Materials
Opportunities:
Technological Developments in Material and Design Technology and Growing Demand for Hybrid and Electric Vehicles
In the United States, the EPA (Environmental Protection Agency) has defined some regulations for friction materials that must meet the safety regulations. For export outside of the United States, friction materials meet RoHS (Restriction of Hazardous Substances), an EU directive. Other standards include the FMSI (Friction Materials Standards Institute) and SAE International.
Key Target Audience
Friction Products and Material Manufacturers, Raw Material Suppliers, Automotive Parts Manufacturers, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.