Automotive OEM Brake Friction Material Market by Brake Type (Disc Brake, Drum Brake), by Application Type (Brake Lining, Brake Pad), by Material Type (Organic, Semi-Metallic, Ceramic), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Automotive OEM Brake Friction Material Market market was valued at USD 12.9 USD Billion in 2023 and is projected to reach USD 33.75 USD Billion by 2032, with an expected CAGR of 14.73% during the forecast period. Automotive OEM brake friction is the brake friction that is primarily manufactured and supplied by automakers needed for brake systems in automobiles, and that offers the best performance and safety. These components include brakes, pads, shoes, and linings by which friction is created to slow down or to stop a car. There are three major categories of brake friction materials which include organic, metallic, and ceramic brake friction materials each of which has its advantages including durability, noiselessness, and heat dispersion. OEM brake friction parts come with certain characteristics such as; fitment, performance, and standards. It is employed over a range of car segments within the passenger car, light commercial vehicle, truck, and other commercial vehicle markets, supporting efficient braking in an assortment of driving environments and improving vehicle safety and performance.
Automotive OEM Brake Friction Material Trends
Brake Type:
Application Type:
Material Type:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 14.73% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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