Friction Materials Market Size - Forecasts to 2026

As per the research conducted by GME, the Friction Materials Market is estimated to be valued at USD 51.71 million in 2021 and is projected to reach USD 66 million by 2026 at a CAGR of 5%. The market is driven by increasing demand for vehicles, technological advancements like braking and clutch system technology, the increasing quality of lightweight friction products, and new product development by manufacturers.

Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Friction Material Market - Forecast to 2026” https://www.globalmarketestimates.com/market-report/global-friction-materials-market-3285

By Product (Lining, Pads, Blocks, Discs, and Others [Rolls, Sheets, Others.]), By Business Type (OE and Aftersales), By Application (Brakes, Clutches, and Industrial Brakes & Transmission), By End-User (Automotive, Railway, Construction, Aerospace & Marine, and Others [Agriculture, Mining, Others]); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights
• The escalating requirement for the purchase of passenger & commercial vehicles is the most prominent accelerator in the global market.
• The pads product segment is foreseen to predominate because they are commonly utilized in light cars and some types of machinery.
• Owing to the rising number of technological advancements across different regions, the market for the aftersales business type is likely to lead.
• The braking application segment is presumed to lead because the market is oversaturated with suppliers selling braking devices.
• Such materials are becoming more popular in both light and heavy-duty automobiles, which lead to the automotive end-users segment's supremacy.
• The market for APAC is predominating due to the presence of infrastructures with minimal manufacturing expenses.
• Honeywell Corporation, Bendix Commercial Vehicles Systems, Akebono Brake Industry, Federal-Mogul Holdings, Miba, Fras-Le, Nisshinbo Holdings, Aisin Seiki, Valeo Friction Materials India Private Limited, Yantai Hi-Pad Brake Technology, and Carlisle Brake & Friction are the top players in the market.

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Product Outlook (Revenue, USD Billion, 2021-2026)
• Lining
• Pads
• Blocks
• Discs
• Others (Rolls, Sheets, Others.)

Business Type Outlook (Revenue, USD Billion, 2021-2026)
• OE
• Aftersales

Application Outlook (Revenue, USD Billion, 2021-2026)
• Brakes
• Clutches
• Industrial Brake & Transmission Systems

End-User Outlook (Revenue, USD Billion, 2021-2026)
• Automotive
• Railway
• Construction
• Aerospace & Marine
• Others (Agriculture, Mining, Others)

Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• UAE
• Rest of MEA

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