What are the latest figures on the brake friction products market’s size and projected CAGR?
The brake friction products market size has grown strongly in recent years. It will grow from $11.09 billion in 2024 to $11.75 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to the implementation of safety and environmental regulations, shifts towards performance-oriented braking systems, increased vehicle production, and the rise in the adoption of electric vehicles (EVs).
The brake friction products market size is expected to see strong growth in the next few years. It will grow to $14.61 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to rising demand for high-performance, reliable braking systems, increasing vehicle ownership, continued pressure to reduce brake dust emissions, and increasing infrastructural development and construction activities. Major trends in the forecast period include the integration of sensors and smart technologies, the development of quieter braking systems, customization, and personalization, continued research into new materials, collaborations, and partnerships.
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Which Market drivers have played a significant role in driving the brake friction products market?
The increasing number of autonomous vehicles is expected to propel the growth of the brake friction products market going forward. Autonomous vehicles are self-driving cars that employ advanced sensor technologies, computer systems, and artificial intelligence to operate and navigate without constant human intervention or monitoring. The increasing number of autonomous vehicles is due to advancements in artificial intelligence and sensor technology, along with substantial investment and support from private companies and governments to enhance safety and efficiency in transportation. Brake friction products are vital for the safe, reliable, and efficient operation of autonomous vehicles, ensuring precise and controlled braking, integrating seamlessly with advanced driving systems, and contributing to the overall performance and durability of autonomous vehicles. For instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, there are expected to be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Therefore, the increasing number of autonomous vehicles is driving the growth of the brake friction products market.
What are the key segments within the brake friction products market?
The brake friction products market covered in this report is segmented –
1) By Product Type: Brake Disc, Pad, Drum, Shoe Liner
2) By Disc Material: Metallic Disc, Ceramic Disc
3) By Vehicle Type: Passenger Car, Lightweight Commercial Vehicle, Truck, Bus
Subsegments:
1) By Brake Disc: Cast Iron Brake Discs, Carbon-Carbon Brake Discs, Carbon Ceramic Brake Discs, Composite Brake Discs
2) By Brake Pad: Organic Brake Pads, Semi-Metallic Brake Pads, Ceramic Brake Pads, Low-Metallic Nao (Non-Asbestos Organic) Pads
3) By Brake Drum: Cast Iron Brake Drums, Steel Brake Drums, Composite Brake Drums
4) By Shoe Liner: Asbestos-Free Shoe Liners, Non-Asbestos Shoe Liners, Ceramic Shoe Liners, Organic Shoe Liners
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Which key players are shaping the brake friction products market?
Major companies operating in the brake friction products market are Meritor Inc., Miba HydraMechanica Corporation, H-E Parts International LLC, American Friction Inc., TMD Friction Holdings GmbH, Hilliard Corporation, Superior Graphite Co., Brake & Equipment Warehouse Inc., Raybestos Products Company, Cardolite Corporation, ProTec Friction Group, Midwest Brake, Logan Clutch Corporation, Phoenix Friction Products, Accurate Specialties, ALL FRICTIONS CO. LLC, Cook Bonding & Manufacturing Co. Inc., Cleveland Oak, Pyrogenics Group/MINTEQ, Clutch Engineering, Great Lakes Friction Products, Friction, The Rowland Company, Orttech
Which transformative trends will shape the brake friction products market landscape?
Major companies operating in brake friction products are developing innovative products using advanced absorbent glass mat (AGM) technology, ensuring greater safety and reliability for both conventional and autonomous vehicles. Advanced absorbent glass mat (AGM) technology is a type of lead-acid battery design that utilizes a glass fiber mat to absorb and hold the battery’s acid, which improves the performance and reliability of electronic components within braking systems. For instance, in July 2023, Bosch, a Germany-based engineering company, launched Blue Line brake pads, which are considered next-gen auto parts. These brake pads are designed as an excellent alternative to original equipment (OE) brake pads, offering great friction stability, low noise and vibration suppression, and asbestos-free formulas. They are engineered to provide high braking performance, excellent thermal stability, and quiet braking, making them a reliable choice for everyday drivers.
How do regional factors impact the brake friction products market, and which region is the largest contributor?
Asia-Pacific was the largest region in the brake friction products market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the brake friction products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Brake Friction Products Market Report 2025 Offer?
The brake friction products market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Brake friction products are materials used in braking systems to generate friction, which slows down or stops a vehicle. They typically include brake pads, shoes, and linings made from various composites, ceramics, and metals. These products are designed to withstand high temperatures and provide consistent performance under different driving conditions.
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