Friction Products Market, Analysing Growth in Industrial Machinery Industry, Discover Company Insights in Technavio

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Sep 19, 2022, 04:45 ET

NEW YORK, Sept. 19, 2022 /PRNewswire/ -- The "Friction Products Market" report has been added to Technavio's offering. The friction products market value is anticipated to grow by USD 9.25 billion, at a CAGR of 6.02% during the forecast period. The report extensively covers friction products market segmentation by product (dry friction materials and wet friction materials), geography (APAC, Europe, North America, Middle East and Africa, and South America), and end-user (automotive, industrial, aerospace, and others). Request Free Sample Report.

Market Dynamics

Technavio has announced its latest market research report titled Global Friction Products Market 2022-2026

One of the major factors influencing the growth of the friction products market is the increased procurement of new aircraft. Because of the increased air passenger traffic, major airline companies are planning to expand their fleet capacity. This was attributed to the airline's plans to provide distinguished services to its customers while transitioning its brand image from that of an LCC to that of a full-service carrier. As a result, the increased procurement of new commercial aircraft has increased the demand for friction products used in these aircraft.

Another trend influencing the growth of the friction products market is the shift toward lightweight braking materials in the automotive industry. However, one of the major challenges impeding the growth of the friction products market is frequent vehicle recalls due to brake-related issues. Buy Sample Report.

Company Profiles

The friction products market report includes information on the product launches, sustainability, and prospects of leading vendors including ABS Friction Inc., Aisin Corp., Akebono Brake Industry Co. Ltd., ANAND Group, ASK Automotive Pvt. Ltd., Brembo SpA, BREMSKERL REIBBELAGWERKE Emmerling GmbH, and Co. KG, Carlisle Companies Inc., Freeman Automotive UK Ltd., General Metals Powder Co. LLC, Hindustan Composites Ltd., Honeywell International Inc., Icer Brakes SA, ITT Inc., Knorr Bremse AG, Miba AG, Nisshinbo Holdings Inc., Robert Bosch GmbH, and Tenneco Inc. Download Free Sample Report.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

The friction products market share growth in the dry friction materials segment will be significant. The global friction products market in the automotive industry is expanding as a result of stringent government regulations promoting safe driving. Vehicle manufacturers must use certified brake friction materials that are free of environmentally hazardous metals. Geographically, APAC will hold the majority of the market throughout the forecast period.

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Friction Products Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.02%
Market growth 2022-2026	$ 9.25 billion
Market structure	Fragmented
YoY growth (%)	5.56
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 46%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	ABS Friction Inc., Aisin Corp., Akebono Brake Industry Co. Ltd., ANAND Group, ASK Automotive Pvt. Ltd., Brembo SpA, BREMSKERL REIBBELAGWERKE Emmerling GmbH and Co. KG, Carlisle Companies Inc., Freeman Automotive UK Ltd., General Metals Powder Co. LLC, Hindustan Composites Ltd., Honeywell International Inc., Icer Brakes SA, ITT Inc., Knorr Bremse AG, LUMAG Sp. z o.o., Miba AG, Nisshinbo Holdings Inc., Robert Bosch GmbH, and Tenneco Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Industrials" Research Reports

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

5.1 Market segments

Exhibit 24: Chart on Product - Market share 2021-2026 (%)
Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

5.2 Comparison by Product

Exhibit 26: Chart on Comparison by Product
Exhibit 27: Data Table on Comparison by Product

5.3 Automotive - Market size and forecast 2021-2026

Exhibit 28: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Automotive - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Automotive - Year-over-year growth 2021-2026 (%)

5.4 Industrial - Market size and forecast 2021-2026

Exhibit 32: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Industrial - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

5.5 Aerospace - Market size and forecast 2021-2026

Exhibit 36: Chart on Aerospace - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Aerospace - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Aerospace - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Aerospace - Year-over-year growth 2021-2026 (%)

5.6 Others - Market size and forecast 2021-2026

Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by Product

Exhibit 44: Market opportunity by Product ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 46: Chart on Market share by geography 2021-2026 (%)
Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 48: Chart on Geographic comparison
Exhibit 49: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 North America - Market size and forecast 2021-2026

Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 China - Market size and forecast 2021-2026

Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.9 US - Market size and forecast 2021-2026

Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.10 Germany - Market size and forecast 2021-2026

Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026

Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026

Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 93: Overview on factors of disruption

9.4 Industry risks

Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 95: Vendors covered

10.2 Market positioning of vendors

Exhibit 96: Matrix on vendor position and classification

10.3 ABS Friction Inc.

Exhibit 97: ABS Friction Inc. - Overview
Exhibit 98: ABS Friction Inc. - Product / Service
Exhibit 99: ABS Friction Inc. - Key offerings

10.4 Aisin Corp.

Exhibit 100: Aisin Corp. - Overview
Exhibit 101: Aisin Corp. - Business segments
Exhibit 102: Aisin Corp. - Key offerings
Exhibit 103: Aisin Corp. - Segment focus

10.5 Akebono Brake Industry Co. Ltd.

Exhibit 104: Akebono Brake Industry Co. Ltd. - Overview
Exhibit 105: Akebono Brake Industry Co. Ltd. - Business segments
Exhibit 106: Akebono Brake Industry Co. Ltd. - Key offerings
Exhibit 107: Akebono Brake Industry Co. Ltd. - Segment focus

10.6 ASK Automotive Pvt. Ltd.

Exhibit 108: ASK Automotive Pvt. Ltd. - Overview
Exhibit 109: ASK Automotive Pvt. Ltd. - Product / Service
Exhibit 110: ASK Automotive Pvt. Ltd. - Key offerings

10.7 Carlisle Companies Inc.

Exhibit 111: Carlisle Companies Inc. - Overview
Exhibit 112: Carlisle Companies Inc. - Business segments
Exhibit 113: Carlisle Companies Inc. - Key offerings
Exhibit 114: Carlisle Companies Inc. - Segment focus

10.8 Freeman Automotive UK Ltd.

Exhibit 115: Freeman Automotive UK Ltd. - Overview
Exhibit 116: Freeman Automotive UK Ltd. - Product / Service
Exhibit 117: Freeman Automotive UK Ltd. - Key offerings

10.9 General Metals Powder Co. LLC

Exhibit 118: General Metals Powder Co. LLC - Overview
Exhibit 119: General Metals Powder Co. LLC - Product / Service
Exhibit 120: General Metals Powder Co. LLC - Key offerings

10.10 Hindustan Composites Ltd.

Exhibit 121: Hindustan Composites Ltd. - Overview
Exhibit 122: Hindustan Composites Ltd. - Product / Service
Exhibit 123: Hindustan Composites Ltd. - Key offerings

10.11 Honeywell International Inc.

Exhibit 124: Honeywell International Inc. - Overview
Exhibit 125: Honeywell International Inc. - Business segments
Exhibit 126: Honeywell International Inc. - Key news
Exhibit 127: Honeywell International Inc. - Key offerings
Exhibit 128: Honeywell International Inc. - Segment focus

10.12 Nisshinbo Holdings Inc.

Exhibit 129: Nisshinbo Holdings Inc. - Overview
Exhibit 130: Nisshinbo Holdings Inc. - Business segments
Exhibit 131: Nisshinbo Holdings Inc. - Key offerings
Exhibit 132: Nisshinbo Holdings Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 133: Inclusions checklist
Exhibit 134: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 135: Currency conversion rates for US$

11.4 Research methodology

Exhibit 136: Research methodology
Exhibit 137: Validation techniques employed for market sizing
Exhibit 138: Information sources

11.5 List of abbreviations

Exhibit 139: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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