Global Friction Products Market 2020-2024

Global Friction Products Market 2020-2024

  • September 2020 •
  • 120 pages •
  • Report ID: 1095419 •
  • Format: PDF
Global Friction Products Market 2020-2024
The analyst has been monitoring the friction products market and it is poised to grow by USD 4.27 bn during 2020-2024, progressing at a CAGR of 4% during the forecast period. Our reports on the friction products market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the vehicle fleet in use comprises massive numbers of aging automobiles and improvements in friction material performance. In addition, an increasing number of aging automobiles is anticipated to boost the growth of the market as well.
The friction products market analysis includes end-user segment, product segment, and geographical landscapes

The friction products market is segmented as below:
By End-user
• Automotive
• Industrial
• Aerospace
• Others

By Product
• Dry friction materials
• Wet friction materials

By Geographic Landscapes
• APAC
• Europe
• North America
• MEA
• South America

This study identifies the increasing procurement of new aircraft as one of the prime reasons driving the friction products market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our friction products market covers the following areas:
• Friction products market sizing
• Friction products market forecast
• Friction products market industry analysis