Automotive Friction Products Market was valued at USD 26.4 Billion in 2022 and is projected to reach USD 39.7 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The automotive friction products market is integral to the automotive industry's overall performance, with friction products serving essential functions in ensuring vehicle safety, durability, and efficiency. These products are applied in various automotive systems, including braking, clutch mechanisms, and transmission systems. As vehicle technology advances, the demand for high-quality friction products is expected to increase, driven by factors such as improved safety regulations, advancements in materials, and a growing emphasis on reducing vehicle emissions. The market is segmented into two key application categories: Original Equipment Manufacturers (OEM) and the Aftermarket, each serving different functions and responding to distinct consumer needs.
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The OEM segment in the automotive friction products market refers to the friction components manufactured and supplied by OEMs to automotive manufacturers for use in the production of new vehicles. These products are designed to meet the specific performance requirements set by automotive manufacturers. The OEM market for automotive friction products is highly competitive, with OEMs requiring the highest standards in terms of quality, safety, and reliability. OEM friction products include brake pads, brake shoes, clutch facings, and other critical components used in the assembly of a new vehicle. Given the growing demand for vehicles equipped with advanced safety features, there is an increasing need for high-performance friction products that provide optimal stopping power, heat resistance, and minimal wear. This segment is expected to continue expanding with the rise in global vehicle production and the increasing focus on sustainability and fuel efficiency, which drives the demand for lightweight, durable, and energy-efficient friction products.
The OEM segment is characterized by long-term contracts and partnerships between friction product manufacturers and automotive OEMs. These relationships are essential for ensuring the consistent supply of friction products to the automotive assembly lines. OEMs generally prefer working with manufacturers that can offer high-quality friction materials that align with vehicle specifications and regulatory standards. As such, the OEM segment represents a significant and stable portion of the automotive friction products market. Additionally, the rise of electric vehicles (EVs) has introduced new opportunities for the OEM friction products market, as these vehicles often require specialized brake systems to accommodate different driving dynamics compared to traditional internal combustion engine vehicles.
The aftermarket segment of the automotive friction products market involves the sale of replacement friction components to vehicle owners and repair shops after the initial sale of the vehicle. Unlike OEM products, aftermarket friction products are typically purchased when existing components have worn out and need to be replaced. The aftermarket segment is vast and covers a wide range of vehicle types, from passenger cars to heavy-duty trucks and commercial vehicles. Aftermarket products include brake pads, rotors, drum brakes, and clutch assemblies, often marketed as performance-enhancing, cost-effective alternatives to OEM products. The aftermarket segment is driven by the need for vehicle maintenance and repair, a constant requirement as vehicles continue to age and accumulate mileage. Furthermore, factors such as the increasing vehicle fleet size and the demand for DIY (do-it-yourself) maintenance contribute to the growth of this segment.
The aftermarket for automotive friction products offers significant opportunities for manufacturers to cater to a broad customer base, including independent repair shops, auto parts retailers, and online marketplaces. This market is also influenced by consumer preferences for cost-effective solutions, leading to an increased focus on providing high-quality aftermarket friction products at competitive prices. The aftermarket segment is expected to grow steadily due to the continued demand for vehicle repairs and the increasing popularity of vehicle customization. Additionally, the expansion of online retail platforms and the rise in online ordering of automotive parts have facilitated easier access to aftermarket friction products, further driving the segment's growth. This segment offers a dynamic environment, as product innovation, brand loyalty, and consumer awareness continue to shape market trends.
Several key trends are currently shaping the automotive friction products market, one of which is the growing emphasis on sustainability and eco-friendly materials. As vehicle manufacturers and consumers alike focus on reducing their carbon footprint, the demand for friction products made from non-toxic and environmentally friendly materials is on the rise. Manufacturers are increasingly turning to organic and semi-metallic materials that offer lower environmental impact without compromising performance. The trend toward lightweight materials is also becoming significant, as automakers strive to reduce vehicle weight to improve fuel efficiency and performance. This trend is influencing the design of friction products, leading to the development of lighter and more efficient brake components.
Another major trend is the increasing adoption of electric vehicles (EVs) and hybrid vehicles, which present unique challenges and opportunities for the friction products market. As EVs have different braking needs compared to traditional vehicles, including regenerative braking systems, there is a growing demand for specialized friction products. This trend is expected to result in the development of new braking technologies that cater specifically to electric and hybrid vehicles, which could significantly alter the dynamics of the market. Furthermore, the rise of advanced driver-assistance systems (ADAS) and autonomous vehicles is driving demand for friction products that can integrate with these technologies, offering enhanced braking capabilities and safety features.
The automotive friction products market presents numerous opportunities for growth, particularly in emerging economies where vehicle production and sales are on the rise. In regions such as Asia-Pacific, the increasing demand for passenger cars and commercial vehicles is expected to boost the need for high-quality friction products. Additionally, as the middle class in these regions expands, there is a growing demand for vehicle maintenance, leading to greater opportunities in the aftermarket segment. Another opportunity lies in the development of advanced materials that improve the performance and durability of friction products. Manufacturers that can innovate in this space are well-positioned to capture market share by offering products with longer lifespans, better performance under extreme conditions, and improved environmental profiles.
Moreover, the continued shift toward electric vehicles presents a significant opportunity for manufacturers of friction products to develop specialized components tailored to the unique requirements of EV braking systems. Manufacturers that can adapt to this shift by developing products compatible with regenerative braking systems and other electric vehicle technologies will find new avenues for growth. The aftermarket segment also offers substantial opportunities, as vehicle owners increasingly seek high-quality, affordable replacement parts. As such, companies that can offer a mix of premium and budget-friendly products, while maintaining a focus on quality and performance, will have a competitive edge in the market.
1. What are automotive friction products?
Automotive friction products are components such as brake pads, rotors, and clutch facings that facilitate controlled stopping and vehicle safety.
2. Why are friction products important in vehicles?
They ensure vehicle safety, performance, and durability by providing essential braking and stopping power.
3. What is the difference between OEM and aftermarket friction products?
OEM products are original parts supplied by manufacturers, while aftermarket products are replacements made by third-party manufacturers.
4. What materials are commonly used in automotive friction products?
Common materials include semi-metallic, organic, and ceramic compounds, chosen for their durability and performance.
5. How does the shift to electric vehicles impact the friction products market?
EVs require specialized friction products for regenerative braking systems, creating new opportunities in the market.
6. What are the main drivers of growth in the automotive friction products market?
Factors include increasing vehicle production, rising vehicle fleet size, and advancements in safety standards.
7. How does vehicle maintenance affect the aftermarket for friction products?
As vehicles age, the need for replacement friction products grows, driving demand in the aftermarket.
8. Are there eco-friendly options for automotive friction products?
Yes, there is a growing demand for friction products made from environmentally friendly, non-toxic materials.
9. What trends are influencing the automotive friction products market?
Key trends include lightweight materials, sustainability, and the growth of electric vehicles.
10. Where are the growth opportunities in the automotive friction products market?
Emerging markets, electric vehicle adoption, and innovations in materials offer significant growth opportunities.
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Akebono Brake
Nisshinbo
Bosch
Continental
GMP Friction Products
Tenneco
Bendix
Sangsin Brake
BorgWarner
Shandong Longji
Shandong Gold Phoenix
Svendborg Brakes (Altra Motion)
Carlisle Brake & Friction (CBF)
Aisin Chemical Co
Schaeffler
Vulkan
BPW Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Friction Products Market
OEM
Aftermarket
Based on Types the Market is categorized into Below types that held the largest Automotive Friction Products market share In 2023.
Brake Pads
Brake Linings
Clutch Discs
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Automotive Friction Products Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Friction Products Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Friction Products Market, By Type
6. Global Automotive Friction Products Market, By Application
7. Global Automotive Friction Products Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Friction Products Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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