Global Automotive Brake Friction Materials Market Size Forecast to 2028- Trends, Analysis and Outlook by Type, Functionality, Vehicle and Geography

Global Automotive Brake Friction Materials Market Size Forecast to 2028- Trends, Analysis and Outlook by Type, Functionality, Vehicle and Geography

  • May 2020 •
  • 80 pages •
  • Report ID: 5894347 •
  • Format: PDF
Key insights from the Global Automotive Brake Friction Materials Market-
• The Global Automotive Brake Friction Materials market is valued at $13.6 billion in 2020
• Aftermarket remains the dominant type of Automotive Brake Friction Materials
• Abrasives are the most preferred material type
• Passenger Cars are the dominant type of vehicles opting for Automotive Brake Friction Materials
• Asia Pacific is the largest user of Automotive Brake Friction Materials

The $13.6 billion Automotive Brake Friction Materials industry presents strong investment and growth opportunities over the near to long term outlook period. The 2020 edition of the market report presents a comprehensive analysis of the global Automotive Brake Friction Materials market from 2020 to 2028.The Automotive Brake Friction Materials market research report presents detailed Automotive Brake Friction Materials market analysis, and forecasts to 2028. Detailed insights into global and regional Automotive Brake Friction Materials market statistics, Automotive Brake Friction Materials companies and growth prospects across verticals are included.

Automotive Brake Friction Materials Market Overview and Developments in 2020
The report presents a snapshot of recent market trends in the Automotive Brake Friction Materials industry. Further, potential market drivers, major challenges, opportunities, major developments, competitive strategies, porter’s five forces analysis, and other analysis are included in the research.

Impact of COVID-19 on Global Automotive Brake Friction Materials market revenue
The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of Automotive Brake Friction Materials manufacturers and vendors. However, we expect the negative impact of COVID-19 on Automotive Brake Friction Materials to be compensated over the medium to long term future.

Automotive Brake Friction Materials Market Size and Outlook by Type to 2028
This chapter presents an insight into different Automotive Brake Friction Materials types and their contribution to global market growth. The growth in global Automotive Brake Friction Materials market size is forecast to continue despite the economic challenges. The report forecasts the Automotive Brake Friction Materials market revenue across different types, which include- Aftermarket, and OEM. Of these, aftermarket dominates the global Automotive Brake Friction Materials market.

Automotive Brake Friction Materials Market Size and Outlook by Functionality to 2028
A long-term perspective indicates that Abrasives dominates the Automotive Brake Friction Materials market. The industry is classified into different functionalities including Abrasives, and Lubricants.

Automotive Brake Friction Materials Market Size and Outlook by Vehicle type to 2028
The research suggests that there is a strong case for the development of new applications of Automotive Brake Friction Materials worldwide. Different vehicle segments analyzed in the report are Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses and Trucks. The study identifies that Passenger Cars segmenthas the most substantial value-creation potential.

Global Automotive Brake Friction Materials Company Profiles
The report presents business profiles of major companies operating in the industry including Advics Co. Ltd, Akebono Brake Industry Co., Ltd, Federal-Mogul Corporation, Haldex AB, Nisshinbo Brake Inc.

The business overview, SWOT profile and product information are provided for all the companies.
The report identifies that the development of new applications and product portfolio is one of the key strategies to overcome identified challenges and for supporting continued growth. Manufacturing companies can also benefit from rising domestic demand in chemical end-use sectors. The majority of the companies are realigning their strategies to orient their business operations to changing market volatility, regulatory policy changes, geopolitical issues, changing end-user preferences, and others.

Sources and Methodology
The data and analysis presented in this report are sourced from a wide range of sources such as associations, manufacturers, suppliers, distributors, consumer companies, and government sources.

Scope of the research
• Global and regional Automotive Brake Friction Materials Market Size estimates in revenue terms from 2019 to 2028
• Segmentation analysis across types, applications, and geographies
• Strategic analysis through trends, drivers, challenges, opportunities, porter’s five forces analysis
• Market Developments including M&A, new product development, and competitive analysis
• Potential strategies of leading companies