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(I-AutoNewsWire.com, October 11, 2018 ) The brakes of any automobiles plays a crucial role while the vehicle is on move. The increase in vehicular production across the globe is heavily driving the market for brake friction. This is due to the fact that, the automotive OEMs are constantly focusing on procuring advanced technology brake friction systems in order to enhance safety of the vehicles and passengers.
The "Global Brake Friction Market Analysis to 2025" is a specialized and in-depth study of the automotive industry with a focus on the global market trend. The report aims to provide an overview of global brake friction market with detailed market segmentation by brake types, brake material types, components, distribution channel, vehicle types and geography.
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In addition, the safety of heavy commercial vehicle, off-road vehicles and construction vehicles are becoming highly important and owing to the importance, the manufacturers of these vehicles are integrating advanced material and technology braking systems to the vehicles, thereby fueling the market for brake friction in the current scenario. Increasing traffic congestion is another major factor bolstering the market for brake friction systems and the trend is anticipated to grow, resulting in market growth in the coming years.
The aftermarket of automotive braking system is also a key driver for brake friction market. However, counterfeit products in the market is inhibiting the market for brake friction in the current scenario. The development of lightweight and composite material brake friction systems is anticipated to attract new customers, thereby escalating the brake friction market in the future.
The global brake friction market is expected to witness exponential growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the brake friction market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global brake friction market based on brake types, brake material types, components, distribution channel, and vehicle types.
It also provides market size and forecast till 2025 for overall brake friction market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 19 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting brake friction market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis.
Also, key brake friction market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
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Some of the key players influencing the brake friction market are Bosch Auto Parts, Akebono Brake Corporation, Nisshinbo Brake Inc., ABS Friction, Japan Brake International Co., Ltd., Bendix Spicer Foundation Brake LLC, Delphi Auto Parts, MIBA AG, Lumag Sp. Z.O.O., and Carlise Brake & Friction among others.
The List of Companies
1. Bosch Auto Parts
2. Akebono Brake Corporation
3. Nisshinbo Brake Inc.
4. ABS Friction
5. Japan Brake International Co., Ltd.
6. Bendix Spicer Foundation Brake LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Brake Friction Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Brake Friction Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
The Insight Partners