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(Transportation-News.com, December 14, 2018 ) Growing production & installation of brake friction market are expected to drive demand for brake friction products during the forecast period. However, low penetration of disc brake in commercial vehicles can hinder the growth of the brake friction products market in forecast period.
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The brake friction market is projected to grow during the forecast period due to the increase in vehicle production. The brake friction (OE) market is projected to grow at a CAGR of 2.33% from 2018 to 2025, from USD 12.79 Billion in 2017 to USD 15.84 Billion by 2025.
Brake Friction (OE) Market, By Product Type
1 Introduction
2 Brake Disc
3 Brake Pad
4 Drum Brake
5 Brake Shoe
6 Brake Liner
Off-Highway Brake Friction (OE) Market, By Application
1 Introduction
2 Agricultural Tractors
3 Construction Equipment
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Brake friction market has been segmented on the basis of ICE vehicle, off-highway vehicle, electric & hybrid vehicle, friction products, aftermarket, and region. Brake disc and brake pad are estimated to be the fastest growing and largest segments of the brake friction (OE) market, respectively, in terms of value.
North American region comprises of developed economies such as US and Canada along with emerging economies such as Mexico. North America is estimated to dominate the brake friction aftermarket due to its largest vehicle par and total miles driven per year. The region is the largest producer of LCVs, which include light trucks and SUVs. In addition, increasing traffic congestions and increase in average miles traveled are driving the demand for brake friction products in the aftermarket.
More Information on “Brake Friction Market (OE & Aftermarket) by Type (Brake Disc, Pad, Drum, Shoe, Liner), Disc Type (Metallic, Composite, Ceramic), Liner Type (Molded, Woven), Vehicle Type (ICE, Electric, Hybrid, OHV), and Region - Global Forecast to 2025” Report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1472564 .
Brake disc is estimated to be the fastest growing market, by product, in terms of value. Most of the present-day vehicles are equipped with brake disc as these are easy to install, repair, & more durable than drum brake. With advancements in brake friction technology, disc brake friction is expected to show higher growth than the drum brake system. Disc brake products have higher stopping power and durability as compared to drum brake products.
The study contains insights provided by various industry experts. The break-up of the primaries is as follows:
• By Company Type: Tier-1 - 55%, Tier-2 - 20%, and OEM- 25%
• By Designation: C level -15%, Manager level –45%, Other- 40%
• By Region: North America - 25%, Europe - 40%, Asia Oceania–30%,RoW – 5%
The North American customers are more aware of safety regulations and hence change their brake friction products periodically. Also, the aftermarket in the region is organized. All these factors are expected to drive the brake friction aftermarket in the forecast period.
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Source: EmailWire.Com 
Source: EmailWire.com
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