Brakes Market for Friction Products report represents the revenue opportunities in the market through to 2021, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
Study on Brakes Market highlights key players such as Robert Bosch GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), Delphi Automotive LLP (U.K.), Federal-Mogul Corporation (U.S.), and Brembo S.p.A (Italy).
Key growth strategies adopted by these players include new product development, partnerships, agreements, joint ventures, and supply contracts.
The brake friction products original equipment (OE) market is projected to grow from USD 26.91 Billion in 2016 to USD 38.96 Billion by 2021, at a CAGR of 7.68%.
The increasing vehicle production, sales, and parc is one of the key factors driving the brake friction products market.
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Brake pads constitute the fastest growing segment of the brake friction products aftermarket, in terms of volume. Various factors responsible for this growth include the increasing average age of vehicles, increasing miles driven by a vehicle in a year, and safety concerns.
The rising number of vehicles with disc brakes in the front wheels has resulted in a significant increase in the aftermarket demand for disc brake components such as brake pads. Further more, in the case of front-wheel-drive vehicles, the front wheels, which are equipped with disc brakes, bear the maximum braking pressure.
This leads to the constant wear-and-tear of brake pads. The use of semi-metallic pads also leads to the frequent replacement of pads.
The demand for light vehicles and SUVs is rising in the European and North American regions, as any increase in vehicle weight leads to additional pressure on the braking system. Brake friction product manufacturers are consequently focusing on the development of advanced and durable ceramic pads that can withstand high pressure and temperature.
Key Points From Table Of Content:
4 Premium Insights
4.2 Brake Friction Products Original Equipment (OE) Market, 2016-2021
4.3 Brake Friction Products Original Equipment Market Growth, By Country, (Value), 2016–2021
4.4 Brake Friction Products Aftermarket Size, By Market Type, (Value), 2016–2021
4.5 Brake Friction Products Aftermarket Size, By Product Type, (Value), 2016–2021
4.6 Two-Wheeler Brake Friction Products Original Equipment Market Size, By Region, (Value), 2016–2021
4.7 Brake Friction Products Original Equipment Market and Aftermarket Size, By Value, 2016–2021
6 Brake Friction Products Aftermarket, By Market Type
6.2 Brake Friction Products Aftermarket, By Market Type
6.3 Asia-Oceania: Brake Friction Products Aftermarket, By Market Type
6.4 Europe: Brake Friction Products Aftermarket, By Market Type
6.5 North America: Brake Friction Products Aftermarket, By Market Type
6.6 RoW: Brake Friction Products Aftermarket, By Market Type
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7 Brake Friction Products Aftermarket, By Product Type
7.2 Brake Friction Products Aftermarket, By Region
7.3 Brake Friction Products Aftermarket Size, By Product Type
7.4 Asia-Oceania: Brake Friction Products Aftermarket, By Product Type
7.5 Europe: Brake Friction Products Aftermarket, By Product Type
7.6 North America: Brake Friction Products Aftermarket, By Product Type
7.7 RoW: Brake Friction Products Aftermarket, By Product Type
This report contains various levels of analysis, including industry analysis, industry trends, and company profiles, which together comprise and discuss the basic views on the emerging and high-growth segments of the brake friction products market, competitive landscape, high-growth regions and countries, government initiatives, and market dynamics such as drivers, restraints, opportunities, and challenges.
The report enables new entrants/smaller firms as well as established firms to understand the market better, and thereby helps them acquire a larger market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the market.
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