Brake Friction Products Market

According to a research report "Brake Friction Products Market (OEM, Aftermarket), By Type (Brake Disc, Pad, Drum, Shoe, Liner, Shim), Disc Type (Metallic, Composite, Ceramic), Liner Type (Molded, Woven), Vehicle Type (Ice, Electric, PHEV, OHV), and Region - Global Forecast to 2030" published by MarketsandMarkets, the global brake friction products market is projected to reach USD 16.78 billion by 2030 from USD 14.68 billion in 2024, at a CAGR of 2.3%.

Browse 332 market data Tables and 89 Figures spread through 333 Pages and in-depth TOC on "Brake Friction Products Market (OEM, Aftermarket), By Type (Brake Disc, Pad, Drum, Shoe, Liner, Shim), Disc Type (Metallic, Composite, Ceramic), Liner Type (Molded, Woven), Vehicle Type (Ice, Electric, PHEV, OHV), and Region - Global Forecast to 2030"
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With EVs' growing market share in the coming years, the steady growth in ICE vehicle demand will increase the demand for brake friction products. Further, a rise in developments in brake friction products, an increase in the strength of brake friction materials, and a surge in investments by tier 1 suppliers in new product development of brake friction s raise the quality of the brake friction products that are used in the OEM market will have a significant impact on the brake friction products aftermarket as the high-quality products used more extended time.

The brake disc segment will lead the brake friction products market during the forecast period.

Disc brake technology is becoming the leader in the vehicle market due to its high performance, stricter brake emission rules, and better safety features, such as shorter stopping distances. For instance, the minimum stopping distance regulation in the EU, such as European Directive 2004/54 and (EU) 2015/68, all the produced passenger cars and LCVs are installed with all four disc brakes. Also, with a higher inclination towards safety and comfort, most light-duty vehicles, including passenger cars and light pickup trucks, are installed with disc brakes. On the other hand, the penetration is relatively low in Asia Pacific countries like China and India. However, the trend is moving towards offering all four disc brakes in the higher variant of the mid-range segment.

Safety is rapidly becoming a critical consideration for the heavy commercial vehicle market, especially in Europe. Easy-to-access cabins and a host of safety features, for example, characterize today's Mercedes-Benz, Volvo, and MAN HCVs. Although built to carry heavy loads, most HCVs mounted with front or all axles of brake friction products look forward to their improved braking performance and stability. Asian markets are also catching up on this trend with growing safety norms and consumer demand for safer vehicles.
North America is expected to grow fastest due to rising demand for high-performance and luxury cars and new road safety standards requiring shorter stopping distances. This will lead to broader adoption of disc brakes in the future.

The HCV segment is estimated to be the fastest-growing brake friction products aftermarket during the forecast period.

Heavy commercial vehicles (HCVs) are crucial for freight transport and construction industries due to their ability to carry heavy loads. Heavy commercial vehicle (HCV) sales are rising due to several factors: the boom in e-commerce, which increases demand for freight transport; government infrastructure investments; and rapid urbanization driving public transport needs. More than 60% of HCVs use drum brakes in all axles. However, there is a noticeable shift toward disc brakes in regions like Europe and North America, driven by regulatory compliance, enhanced safety standards, and the requirements of OEMs and fleet operators. To this extent, use in the bus segment, school buses, and coaches has increased, and the number of daily public transport trips has also increased. With safety, performance, and adherence to updated regulations, there would also be a higher demand for HCVs and buses due to increased demand for brake friction parts.

According to OICA, HCV sales rose 13% in 2023 to 27 million units. This can be due to the enhanced growth of logistics and e-commerce. About 80-90% of HCVs worldwide adopt drum brakes, and with an average yearly mileage of 29,000 to 30,500 miles, friction product replacement is always on the cards. As a result of increased infrastructure and construction activities, the demand for HCVs is likely to increase, further enhancing the brake friction aftermarket.

Brake friction aftermarkets. The brake friction products market remains strictly dominated by many key players: among them are Robert Bosch GmbH, Aisin Corporation, ZF Friedrichshafen AG, Brembo, and Tenneco, among others. For instance, in July 2023, the Ferodo brand of Tenneco revealed a broadening of its zero-copper brake materials portfolio for commercial vehicle OEMs. The company has launched the pads for truck Applications in the North American market.

“North America is expected to grow significantly during the forecast period.”

North American countries include the US, Canada, and Mexico. The US is primarily led by the US, which is also the biggest automotive market. The US's extensive customer base with high disposable incomes drives demand for vehicle ownership, hence stimulating increased local manufacturing activities by the local automotive OEMs.

The North American market possesses plenty of sales data on the market leaders, pickups, and SUVs. Therefore, the market is expected to expand with the increasing vehicle sales. In addition, the region is also continuously up-escalating the quality of materials and manufacturing techniques, which allows for better usage and a longer service life for brake friction products. As a result of the increased usage of SUVs and pickup trucks for off-road activities and long-distance travel, the demand for effective braking mechanisms is on the upswing, thereby increasing the demand for friction products of good quality. They are mainly used in rugged terrains requiring dependable braking for safety and performance. In the heavy truck segment, which has trailers in the US market, braking solutions would be critical to take care of large loads safely for transit.

The major drivers for the demand for brake friction products in OE and aftermarket are robust vehicle sales, increasing vehicle parc, and vehicle miles driven. American brake friction products manufacturers such as ITT Inc. (US), Tenneco Inc. (US), and Meritor Inc. (US), among others, have a presence in the region. Further, The widespread adoption of LCVs and the growing electrification of automotive applications in the US market are key factors influencing the automotive industry in North America.

Key Players

The major players in the brake friction products market include Aisin Corporation (Japan), ZF Friedrichshafen AG (Germany), Brembo S.p.A (Italy), Nisshinbo Holdings Inc. (Japan), and Tenneco Inc. (US). These companies offer brake friction products for automakers and have strong global distribution networks. Companies are also actively collaborating with global OEMs and launching new products to expand their market presence. For instance, ADVICS Co., Ltd. launched “Electric Parking Brake (EPB) actuator kits” in November 2023, designed specifically for the North American market.

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