Friction Pads Market Size, Share & Analysis Report, 2021-2027
The global Friction Pads market gathered revenue around USD 7.0 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.0% during the prediction period 2021 to 2027.
Report Coverage
| Report Scope | Details |
| Market Size | USD 7.0 Billion by 2027 |
| Growth Rate | CAGR of 4.0% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Product Type, Business Type, Application Type, End-use, and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | AKEBONO BRAKE INDUSTRY CO., LTD., AISIN CORPORATION, Asimco, Robert Bosch GmbH, EBC Brakes, Japan Brake Industrial Co., Ltd, Brembo S.p.A, Nisshinbo, Tenecco Inc. |
The global friction pads market is broadly affected by several factors, including increase in usage of friction pads in various end-use industries such as automotive, railways, construction, mining, aerospace, and agriculture.
The rise in the global demand for ceramic friction pads and sinter metallic friction pads has led to significant growth in the usage of friction pads. The increase in production and demand for non-asbestos organic friction pads is expected to be the primary driver of the global friction pads market. The growth of automotive, railways, aerospace, and agriculture industries is also propelling the demand for friction pads.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Friction Pads market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Friction Pads market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Friction Pads market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Friction Pads Market: Dynamics
Friction pads are components of disc brakes used in automotive and other applications. Friction pads are composed of steel backing plates with friction material bound to the surface that faces the disc brake rotors. Friction pads convert the kinetic energy of the vehicle into thermal energy through friction. Two friction pads are contained in the brake with their friction surfaces facing the rotor. When the brakes are hydraulically applied, the caliper clamps or squeezes the two pads together onto the spinning rotor to slow and stop the vehicle. When a brake pad heats up due to contact with the rotor, it transfers small amounts of its friction material onto the disc, leaving a dull grey coating on it. Friction pads are used in automotive, railways, aerospace, agriculture, and various other industries.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Friction Pads Market include: Prominent players operating in the global friction pads market include AKEBONO BRAKE INDUSTRY CO., LTD., AISIN CORPORATION, Asimco, Robert Bosch GmbH, EBC Brakes, Japan Brake Industrial Co., Ltd, Brembo S.p.A, Nisshinbo, Tenecco Inc., TMD FRICTION HOLDINGS GMBH, ZF Friedrichshafen AG, Masu Brakes, Brake Parts Inc. LLC., Carlisle Brake & Friction, and Miba AG.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Friction Pads Market: Segmentation
Friction Pads Market, by Product Type
Friction Pads Market, by Business Type
Friction Pads Market, by Application Type
Friction Pads Market, by End-use
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Friction Pads market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Friction Pads market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Friction Pads markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Friction Pads market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Friction Pads Market, Product Type
7.1. Friction Pads Market, Product Type, 2021-2027
7.1.1. Metallic
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Sinter Metallic
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Low Metallic
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Non-Asbestos Organic (NAO)
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Ceramic
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Friction Pads Market, Business Type
8.1. Friction Pads Market, Business Type, 2021-2027
8.1.1. Original Equipment
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Aftersales
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Friction Pads Market, By Application Type
9.1. Friction Pads Market, by Application Type, 2021-2027
9.1.1. Brakes
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Disc Brakes
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Drum Brakes
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Clutches
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.6. Others (Oil & Gas and Forestry)
9.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Friction Pads Market, By End-use
10.1. Friction Pads Market, by End-use, 2021-2027
10.1.1. Automotive
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Railways
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Construction
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Mining
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Aerospace
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Agriculture
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2016-2027)
Chapter 11.Global Friction Pads Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, Product Type (2016-2027)
11.1.2. Market Revenue and Forecast, Business Type (2016-2027)
11.1.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.1.4. Market Revenue and Forecast, by End-use (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, Product Type (2016-2027)
11.1.5.2. Market Revenue and Forecast, Business Type (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End-use (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, Product Type (2016-2027)
11.1.6.2. Market Revenue and Forecast, Business Type (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End-use (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, Product Type (2016-2027)
11.2.2. Market Revenue and Forecast, Business Type (2016-2027)
11.2.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.2.4. Market Revenue and Forecast, by End-use (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, Product Type (2016-2027)
11.2.5.2. Market Revenue and Forecast, Business Type (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End-use (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, Product Type(2016-2027)
11.2.6.2. Market Revenue and Forecast, Business Type (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End-use (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, Product Type (2016-2027)
11.2.7.2. Market Revenue and Forecast, Business Type (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End-use (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, Product Type (2016-2027)
11.2.8.2. Market Revenue and Forecast, Business Type (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End-use (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, Product Type (2016-2027)
11.3.2. Market Revenue and Forecast, Business Type (2016-2027)
11.3.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.3.4. Market Revenue and Forecast, by End-use (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, Product Type (2016-2027)
11.3.5.2. Market Revenue and Forecast, Business Type (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End-use (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, Product Type (2016-2027)
11.3.6.2. Market Revenue and Forecast, Business Type (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End-use (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, Product Type (2016-2027)
11.3.7.2. Market Revenue and Forecast, Business Type (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End-use (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, Product Type (2016-2027)
11.3.8.2. Market Revenue and Forecast, Business Type (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End-use (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, Product Type (2016-2027)
11.4.2. Market Revenue and Forecast, Business Type (2016-2027)
11.4.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.4.4. Market Revenue and Forecast, by End-use (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, Product Type (2016-2027)
11.4.5.2. Market Revenue and Forecast, Business Type (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End-use (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, Product Type (2016-2027)
11.4.6.2. Market Revenue and Forecast, Business Type (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End-use (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, Product Type (2016-2027)
11.4.7.2. Market Revenue and Forecast, Business Type (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End-use (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, Product Type (2016-2027)
11.4.8.2. Market Revenue and Forecast, Business Type (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End-use (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, Product Type (2016-2027)
11.5.2. Market Revenue and Forecast, Business Type (2016-2027)
11.5.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.5.4. Market Revenue and Forecast, by End-use (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, Product Type (2016-2027)
11.5.5.2. Market Revenue and Forecast, Business Type (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End-use (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, Product Type (2016-2027)
11.5.6.2. Market Revenue and Forecast, Business Type (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Application Type (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End-use (2016-2027)
Chapter 12. Company Profiles
12.1. AKEBONO BRAKE INDUSTRY CO.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. LTD
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. AISIN CORPORATION
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Asimco
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Robert Bosch GmbH
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. EBC Brakes
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Japan Brake Industrial Co., Ltd
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Brembo S.p.A
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Nisshinbo
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Tenecco Inc
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers