Global Brake Friction Product Market, By Product Type (Brake Pad, Brake Liner, Drum, Disc and Brake Shoe), By Vehicle Type (Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicle), By Market Type (Original Equipment Supplier (OES) and Independent Aftermarket), By Company and By Geography, Forecast & Opportunities, 2023
Published Date: May - 2025 | Publisher: MIR | No of Pages: 320 | Industry: Automotive | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Brake Friction Product Market size
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Global Brake Friction Product Market is projected to reach USD 38.98 Billion by 2023, growing at a CAGR of over 7% during 2018-2023 owing to increasing vehicle production, growing safety concerns, stringent regulations of the government for vehicle safety and increasing road accidents.
Based on product type, the brake pads are estimated to be the fastest growing aftermarket segment, in terms of volume. Brake pads are prone to frequent wear-and-tear, owing to factors such overall weight of the vehicle, quality of friction material used, as poor road conditions, brakes usage pattern and high braking pressure in case of four-wheel-drive vehicles. Thus, the frequency of replacement is high, which boosts the growth of the aftermarket segment of brake friction products market. The major market player of the Global Friction Product market is Robert Bosch GmbH.
Market segments
The global brake friction product market is segmented by product type (disc, pad, drum, shoe, liner), vehicle type (passenger cars, light commercial vehicles, heavy commercial vehicles), and region. Disc brakes, particularly metallic discs, dominate the market due to their high braking power and cost-effectiveness. Passenger cars represent the largest segment, driven by increasing global demand and safety regulations.
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Detailed Segmentation
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Product Type
- Brake Disc The largest segment, further categorized by material (metallic, ceramic).
- Brake Pad A significant portion of the market, used in disc brake systems.
- Brake Drum, Shoe, Liner Used in drum brake systems, typically found in older vehicles and certain commercial vehicles.
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Vehicle Type
- Passenger Cars The largest and fastest-growing segment due to increasing global demand and technological advancements.
- Light Commercial Vehicles (LCV) A significant segment, often requiring robust braking systems.
- Heavy Commercial Vehicles (HCV) Another major segment, with specific requirements for braking systems.
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Region
- Asia-Pacific The largest market region, driven by growth in automotive and construction industries.
- North America A major market, with strong growth potential.
- Europe A significant market, with a mature automotive industry.
- Latin America, Middle East & Africa (LAMEA) Emerging markets with increasing demand.
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Other Segments
- Original Equipment Supplier (OES) vs. Independent Aftermarket Distinguishes between parts sold to vehicle manufacturers (OES) and those sold to the aftermarket.
- Disc Material Metallic and ceramic discs are the primary types, with metallic discs being more common due to cost.
- Liner Type Molded and woven liners are common in various brake types.
Years considered for this report
Historical Years2013-2016
Base Year2017
Estimated Year2018
Forecast Period2018–2023
Objective of the Study
- To analyse and forecast the market size of Brake Friction Product Market, in terms of value and volume
- To classify and forecast Global Brake Friction Product Market based on vehicle type, product type, market type and regional distribution.
- To identify drivers and challenges for Global Brake Friction Product Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Brake Friction Product Market.
- To conduct the pricing analysis for Brake Friction Product Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Brake Friction Product Market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the suppliers which could not be identified due to the limitations of secondary research. Market Insights Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
Key Target Audience
- Manufacturers of automotive Brake Friction Product
- Raw material suppliers
- Automotive OEM’s
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Recent Developments
- The 2026 Kia Sportage, revealed in November 2024, featured Blindspot Collision Warning (BCW), Rear Cross-Traffic Collision Avoidance (RCCA), and Safe Exit Assist (SEA) for enhanced safety. These technologies help prevent accidents when changing lanes or exiting the vehicle. The S Hybrid trim also included a 12.3-inch touchscreen and wireless Apple CarPlay/Android Auto.
- In November 2024, the IONIQ 9 was unveiled at LA’s Goldstein House, showcasing Hyundai’s commitment to innovation and EV leadership. It featured advanced safety systems like Forward Collision-Avoidance Assist, Lane Keeping Assist, and Safe Exit Assist. These technologies are designed to improve safety and ease driving tasks.
- In October 2024, Hyundai launched the Santa Fe Hybrid with XRT off-road packages, offering a 30mm lift and exclusive 17-inch wheels. Standard features included Intelligent Speed Limit Assist, Rear Cross-Traffic Collision-Avoidance Assist, and Safe Exit Assist. The vehicle also featured advanced parking technologies like Surround View Monitor and Remote Smart Parking Assist.
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List of key players in Brake Friction Product Market
- Robert Bosch
- AISIN CORPORATION
- Nisshinbho Holdings Inc.
- Delphi Automotive
- Nisshinbo
- Tenneco Inc.
- Brembo
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