Friction Market to Exceed $14 Billion by 2029

LUTON, U.K. — The brake friction products market is expected to grow from $9.98 billion in 2020 to $14.58 billion by 2029, a compound annual growth rate (CAGR) of 4.3 percent from 2022 to 2029, according to a The Brake Friction Products report from Exactitude Consultancy.

The report acts as a view that provides an explanation of market classification, market definition, applications growth, market trends, and Industry engagement.

The competitive landscape is studied here in terms of product range, (Precise Outlook 2023-2029), and prospects of the market’s key players. Furthermore, the report offers insightful market data and information about the brake friction products industry to make better decisions and plan business strategies.

The Brake Friction Products research report is vital for mapping the strategies based on product launches, production, cost, purchasing, and market. Moreover, the Brake Friction Products research report also familiarizes with the type of client, their response and opinions about particular products, and their perspective for the setup of a product.

The report provides a comprehensive analysis of company profiles including Delphi Automotive LLP, Brembo S.p.A., Nisshinbo Holdings Inc., Robert Bosch GmbH, AISIN CORPORATION, Brembo S.p.A, Tenneco Inc., Federal-Mogul Corporation, Akebono corporation, and TMD Friction Holdings.

The study report offers a comprehensive analysis of brake friction products market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers.

Along with that, the report explains the major challenges and risks to face in the forecast period. Brake Friction Products Market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global brake friction products market will be able to gain the upper hand as they use the report as a powerful resource.

• This report segments the global market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.

• The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.


The Brake Report
The Brake Report

The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.