2 reports

  • DATE
  • Untitled

The friction materials market size is projected to reach USD 57.04 million by 2023, at a CAGR of 5.0%. The friction materials market size is projected to grow from USD 44.65 million in 2018 to USD 57.04 million by 2023, at a CAGR of 5.0%. The market is driven by rising demand for passenger and commercial vehicles, which leads to the growth...

  • Auto Parts
  • Auto Suspension
  • Motor Vehicle
  • Akebono Group
  • Nisshinbo Group
  • THREATS
  • NISSHINBO: COMPANY SNAPSHOT

The need to decrease stopping distance and increase in vehicle production are expected to drive the brake friction OE market The global brake friction (OE) market is projected to grow at a CAGR of 2.33% during the forecast period, from an estimated USD 13.48 billion in 2018 to USD 15.84 billion by 2025. The growing production...

  • Auto Parts
  • Auto Suspension
  • Motor Vehicle
  • Aisin Seiki Co., Ltd.
  • Nisshinbo Group