Automotive Brake Friction Materials Market by Application and Geography - 2020

Posted by sarahbennu on November 11th, 2020

the automotive brake friction materials market and it is poised to grow by USD 546.02 million during 2020-2024, progressing at a CAGR of over 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• Based on segmentation by application, which is the leading segment in the market?
  Passenger cars.
• What are the major trends in the market?
  Developments in automotive brake pad manufacturing.
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR of over 1% during 2020-2024.
• Who are the top players in the market?
  Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, General Motors Co., Hitachi Chemical Co. Ltd., Knorr-Bremse AG, Nisshinbo Holdings Inc., Robert Bosch GmbH, and ZF Friedrichshafen AG are the top players in the market.
• What are the key market drivers and challenges?
  The market is driven by the easy availability of low-cost friction materials. However, a sharp decline in automobile production and sales might hamper market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo Spa, Continental AG, General Motors Co., Hitachi Chemical Co. Ltd., Knorr-Bremse AG, Nisshinbo Holdings Inc., Robert Bosch GmbH, and ZF Friedrichshafen AG are some of the major market participants. The easy availability of low-cost friction materials will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive Brake Friction Materials Market 2020-2024: Segmentation

Automotive Brake Friction Materials Market is segmented as below:

• Application
• Passenger Cars
• LCVs
• MCVs And HCVs
• Geographic Landscape
• APAC
• Europe
• North America
• South America
• MEA