The study involved four major activities in estimating the current size of the brake friction products market. Secondary research was conducted to collect information on the market, peer, and child markets. The next step was to validate these findings and assumptions and size them with industry experts across value chains through primary research. After that, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments using the top-down and bottom-up approaches.
Secondary Research
In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, International Organization of Motor Vehicle Manufacturers (OICA), National Highway Traffic Safety Administration (NHTSA), International Energy Association (IEA)], articles, directories, technical handbooks, trade websites, technical articles, and databases (for example, Marklines, and Factiva) have been used to identify and collect information useful for an extensive commercial study of the global brake friction products market.
Primary Research
Extensive primary research was conducted after understanding the brake friction products market scenario through secondary research. Several primary interviews were conducted with market experts from demand (OEMs) and supply (component manufacturers) across North America, Europe, and the Asia Pacific. Approximately 100% of primary interviews were conducted with the demand and supply sides. Primary data was collected through questionnaires, emails, and telephonic interviews.
In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in this report. After interacting with industry experts, brief sessions with highly experienced independent consultants were also conducted to reinforce the findings from primaries. This and the in-house subject-matter experts’ opinions led to the conclusions described in the remainder of this report.
Note: Company tiers are based on the value chain; the company's revenue is not considered.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the brake friction products market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
Brake Friction Products Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size, the market was split into several segments and subsegments using the market size estimation processes explained above. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Brake friction products decelerate a vehicle by converting the car's kinetic energy into heat energy through friction and dissipating heat to the surroundings. Technological advancements in brake systems and friction materials create safe vehicle models running at higher speeds. Brake friction products, including a drum, disc, liner, and brake shoe, generate friction to stop the vehicle and control its speed. The scope of the brake friction study considers the brake pads, liner, brake shoe, brake disc, and brake shims.
Stakeholders
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Automotive OEMs
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Brake friction products manufacturers
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Associations, forums, and alliances related to automobiles
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EV component suppliers
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Raw material suppliers for brake friction products
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Traders and distributors of brake friction products
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Government agencies and policymakers
Report Objectives
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To analyze and forecast the brake friction products market in terms of value (USD million) & volume (million units) from 2021 to 2032
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To segment the market by product type, vehicle type, liner type, material type, off-highway market, application, disc type, electric vehicle brake friction OE market, vehicle type, aftermarket by-products, vehicle type, and region
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To segment and forecast the brake friction products OE market by value and volume
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To segment and forecast brake friction products aftermarket based on product at the country level and vehicle type at the regional level
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To identify and analyze key drivers, challenges, restraints, and opportunities influencing the market growth
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To strategically analyze the market for individual growth trends, prospects, and contributions to the total market
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To study the following aspects of the market
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Value Chain Analysis
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Ecosystem Analysis
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Technology Analysis
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Trade Analysis
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Investment and Funding Scenario
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Pricing Analysis
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Case Study Analysis
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Patent Analysis
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Regulatory Landscape
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Key Stakeholders and Buying Criteria
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To strategically profile the key players and comprehensively analyze their market share and core competencies
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To analyze the opportunities for stakeholders and the competitive landscape for market leaders
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To track and analyze competitive developments such as deals, product launches/developments, expansions, and other activities undertaken by the key industry participants
Available Customizations
With the given market data, MarketsandMarkets offers customizations based on the company’s needs.
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Additional company profiles (up to 5 companies)
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Detailed analysis of the off-highway brake friction market by product type (Country Level)
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Detailed analysis of the brake friction OE market by vehicle type (Country Level)
BUS: HIGHEST CAGR MARKET BY 2032
PASSENGER CARS: THE LARGEST MARKET IN THE REGION
Amey
Nov, 2019
I want a comprehensive report about the whole brake pads, lining, shoe, drums, for all type of passenger car and all type of commercial car, and for plane and locomotive and other means of transportation that uses brake pads or other forms braking. .
Amey
Nov, 2019
I AM PARTICULARLY INTERESTED IN THE BREMBO COMPANY AND IN PORTER FIVE FORCES ANALYSIS. THANK YOU IN ADVANCE..