Automotive OEM Brake Friction Material Comprehensive Study
Saurabh More
Senior Research Analyst @ AMA Research & Media | Business Insights, Market Segmentation
Global Automotive OEM Brake Friction Material Market Overview:
The market for brake friction materials in the automotive original equipment manufacturer (OEM) sector is set to experience considerable expansion, driven by the increasing prevalence of vehicles and heightened consumer demand for improved safety features. Furthermore, the surging interest in electric vehicles (EVs) and hybrid models is creating a demand for specialized brake materials tailored to their distinct braking needs. This transition offers substantial opportunities for innovation and advancement within the industry, as manufacturers are focusing on innovation in material science to develop braking systems with high performance and enhanced safety. Furthermore, emerging trends towards lightweight materials in the automotive industry to reduce the weight of vehicles and enhance fuel efficiency have created noteworthy opportunities for the market. However, factors such as economic downturn, supply chain issues, and fluctuation in raw material prices are likely to hamper the market growth.
Influencing Trend:
Increasing Innovation in Material Science to Develop Better-Performing Brake Friction Materials and Growing Emphasis on Brake Friction Materials Made From Organic and Low-Metallic Formulations
Market Growth Drivers:
Rising Demand of Vehicles Across The Globe With the Increasing Disposable Income of People and Inclination Towards the Lighter Brake Components to Improve Fuel Efficiency
Challenges:
Significant Growth of Aftermarket Segment Due to Focus on Vehicle Maintenance and Aftermarket Services
Restraints:
Fluctuations in the Prices of Raw Materials, Such As Metals and Composites May Create Challenges
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Opportunities:
Growing Adoption of Electric Vehicles and Hybrid Vehicles Due to Rising Environmental Awareness
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market.Some of the key players profiled in the report are ZF Friedrichshafen AG (Germany), Continental AG (Germany), Brembo S.p.A (Italy), Knorr Bremse AG (Germany), Aisin Seiki Co. Ltd. (Japan), Akebono Brake Industry Co. Ltd. (Japan), Hitachi Astemo, Ltd (Japan), Valeo SA (France), BorgWarner Inc. (United States), Bendix Commercial Vehicle Systems (United States), Exedy Corporation (Japan) and Haldex AB (Sweden). Analyst at AMA Research see European Vendors to retain maximum share of Global Automotive OEM Brake Friction Material market by 2030. Considering Market by Brakes Type, the sub-segment i.e. Disc Brakes will boost the Automotive OEM Brake Friction Material market. Considering Market by Vehicle Type, the sub-segment i.e. Passenger Cars will boost the Automotive OEM Brake Friction Material market. Considering Market by Material Type, the sub-segment i.e. Metallic will boost the Automotive OEM Brake Friction Material market.
What Can be Explored with the Automotive OEM Brake Friction Material Market Study
? Gain Market Understanding? Identify Growth Opportunities? Analyze and Measure the Global Automotive OEM Brake Friction Material Market by Identifying Investment across various Industry Verticals? Understand the Trends that will drive Future Changes in Automotive OEM Brake Friction Material? Understand the Competitive Scenario- Track Right Markets- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive OEM Brake Friction Material market.In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive OEM Brake Friction Material market.In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Brake Friction Material Manufacturers, Suppliers & Distributors, Raw Material Providers, Automotive Manufacturers, Government Regulatory Bodies, Research Organizations and Others.This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.