Brake Friction Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186984
  • Format: Electronic (PDF)
  • Number of Pages: 221
  • Author(s): Joshi, Madhavi

Report Overview

The Brake Friction Market size was estimated at USD 12 billion in 2023 and is projected to reach USD 18 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2024-2030).

Brake Friction Market

(Market Size)
$12 billion
$18 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 5.50%
2023 Market Size USD 12 billion
2030 Market Size USD 18 billion
Key Players Bosch, Continental, Federal-Mogul, Akebono, Nisshinbo

Market Summary

The brake friction market is a critical segment within the global automotive and transportation industry, dedicated to the development, manufacturing, and distribution of components essential for vehicle deceleration and safety. This market encompasses a wide array of products, including brake pads, brake linings, brake shoes, and brake discs, which are integral to braking systems across various vehicle types. The relentless global production of passenger cars, commercial vehicles, and motorcycles, coupled with the increasing stringency of vehicle safety regulations worldwide, sustains consistent demand for high-performance brake friction products. Technological innovation is a hallmark of this sector, with manufacturers heavily investing in research and development to create advanced materials that offer superior stopping power, reduced noise, and diminished brake dust emission. The market is characterized by a strong competitive landscape where established players and emerging entities vie for market share through product differentiation, strategic partnerships, and expansion into high-growth regions. The aftermarket segment also represents a significant and stable revenue stream, driven by the inevitable wear and replacement needs of brake components over a vehicle's lifecycle.

Key Highlights

The brake friction market is distinguished by several pivotal factors that underscore its dynamics and future trajectory. A primary highlight is the intense focus on material science innovation, leading to the increased adoption of non-asbestos organic (NAO), low-metallic, and ceramic compounds that enhance performance and environmental compatibility. The market is also witnessing a significant shift towards the development of specialized friction products tailored for electric and hybrid vehicles, which present unique braking challenges due to regenerative braking systems. Furthermore, the consolidation activities through mergers and acquisitions among key industry players are reshaping the competitive environment, enabling companies to broaden their product portfolios and geographic reach. The implementation of rigorous global safety standards and performance benchmarks continues to compel manufacturers to elevate their quality control and product testing protocols. Another critical aspect is the growing consumer awareness and demand for premium, long-lasting brake products that contribute to overall vehicle safety and driving comfort, influencing purchasing decisions in both the OEM and aftermarket channels.

Drivers, Opportunities & Restraints

The growth of the brake friction market is propelled by a confluence of powerful drivers, primarily the expanding global vehicle parc and the subsequent rise in average vehicle age, which fuels consistent aftermarket demand. Stringent government regulations mandating shorter stopping distances and improved safety features directly compel automotive OEMs to integrate advanced, high-performance brake systems, thereby driving innovation and adoption in the friction segment. The burgeoning electric vehicle market presents a substantial opportunity, as these vehicles require specialized brake friction materials compatible with regenerative braking technology, opening a new frontier for product development and market expansion. However, the market faces significant restraints, including the volatility in raw material prices, particularly for copper, steel, and various chemical compounds, which can pressure profit margins and necessitate efficient supply chain management. The emergence of alternative braking technologies and the potential for longer brake life in certain applications could also temper market growth rates over the long term.

Concentration Insights

The competitive landscape of the global brake friction market is moderately concentrated, featuring a mix of large multinational corporations and numerous regional specialists. A handful of globally recognized players, such as Robert Bosch, ZF Friedrichshafen, Aisin Seiki, and Tenneco, hold significant market share due to their extensive product portfolios, strong relationships with major automotive OEMs, and robust global distribution networks. These industry leaders compete intensely on factors including technological innovation, product quality, brand reputation, and price. Alongside these giants, a substantial number of mid-sized and smaller companies thrive by focusing on niche segments, specific geographic markets, or the independent aftermarket, often competing effectively on agility and specialized expertise. The market's concentration is further influenced by ongoing strategic mergers and acquisitions, as companies seek to enhance their technological capabilities and market presence, indicating a trend towards further consolidation in the future.

Type Insights

The brake friction market is segmented by product type, primarily into brake pads, brake linings, brake shoes, and brake discs. Brake pads represent a dominant segment, widely used in disc brake systems for passenger cars and light commercial vehicles. They are continually evolving with materials ranging from semi-metallic and non-asbestos organic (NAO) formulations to advanced ceramic compounds that offer excellent heat dissipation and quiet operation. Brake linings are crucial for drum brake systems, commonly found in heavy-duty commercial vehicles and certain motorcycle applications, where durability and high-temperature performance are paramount. Brake shoes are the foundational components within a drum brake assembly that press against the drum to create friction. Brake discs, or rotors, work in conjunction with pads in a disc brake system and are evolving with technologies like vented, slotted, and coated discs to improve heat management and corrosion resistance, catering to both performance and standard vehicle segments.

Application Insights

Application-wise, the brake friction market is broadly categorized into original equipment manufacturer (OEM) and aftermarket segments. The OEM segment is directly tied to the production volumes of new passenger cars, light commercial vehicles, heavy commercial vehicles, and motorcycles. Demand here is driven by automotive manufacturers' specifications and the integration of braking systems during vehicle assembly, with a strong emphasis on performance, compliance with regulations, and cost-effectiveness. The aftermarket segment is a vital and resilient sector, fueled by the maintenance, repair, and overhaul needs of the existing global vehicle fleet. This segment is characterized by a diverse consumer base, including professional repair shops, franchised dealerships, and do-it-yourself enthusiasts. The demand patterns in the aftermarket are influenced by factors such as average vehicle age, average miles driven, and the wear characteristics of different friction materials, making it a complex but essential part of the market ecosystem.

Regional Insights

Geographically, the Asia-Pacific region stands as the largest and most rapidly evolving market for brake friction products, a status anchored by its position as the global hub for automobile manufacturing. Countries like China, India, Japan, and South Korea, with their massive vehicle production and sales, alongside a vast and growing vehicle parc, generate immense demand for both OEM and aftermarket brake components. North America and Europe are mature markets characterized by high vehicle ownership rates and a very robust independent aftermarket. These regions are at the forefront of adopting advanced braking technologies and stringent safety norms, pushing the demand for premium and high-performance friction products. Emerging economies in Latin America and the Middle East & Africa are anticipated to exhibit promising growth potential, driven by increasing industrialization, urbanization, and the subsequent expansion of automotive sales and infrastructure, although from a smaller base compared to other regions.

Company Insights

The competitive fabric of the brake friction market is woven by several key international players who exert considerable influence. Prominent entities such as Robert Bosch GmbH, a German multinational, offers a comprehensive portfolio of braking components under its renowned brand, leveraging its extensive R&D and global supply chain. ZF Friedrichshafen AG, another German powerhouse, provides advanced braking systems and friction materials, often through its subsidiary TRW. Aisin Seiki Co., Ltd. from Japan is a major supplier to OEMs worldwide, known for its high-quality and reliable products. Tenneco Inc., operating through its DRiV division, is a leading player in the aftermarket with well-known brands like Wagner Brake and Champion. Other significant contributors include Nisshinbo Holdings Inc., Federal-Mogul LLC, and MAT Holdings, Inc., each competing through innovation, strategic acquisitions, and a strong focus on meeting regional customer requirements and regulatory standards.

Recent Developments

The brake friction market is continuously evolving, with recent developments highlighting a strong trend towards sustainability and technological integration. Leading companies are aggressively expanding their production capacities, particularly in the Asia-Pacific region, to capitalize on local demand and optimize logistics. There is a marked increase in research and development activities focused on creating eco-friendly friction materials that reduce or eliminate copper and other heavy metals, responding to environmental regulations like Washington State's Copper-Free Brake Initiative. Strategic partnerships and acquisitions remain a key strategy for growth, allowing companies to acquire new technologies and enter new market segments more rapidly. Furthermore, the development of smart braking solutions, including sensors that monitor brake pad wear in real-time, represents the industry's move towards integration with vehicle telematics and predictive maintenance systems, aligning with the broader automotive trend of connectivity and automation.

Report Segmentation

This comprehensive market research report on the brake friction industry provides a detailed analysis segmented across multiple dimensions to offer granular insights. The segmentation by type covers the key product categories of brake pads, brake linings, brake shoes, and brake discs, analyzing the demand, innovation, and growth prospects for each. The application segmentation provides a thorough examination of the OEM sector versus the aftermarket sector, delving into the distinct drivers and consumer behaviors inherent to each. Furthermore, the report is segmented by vehicle type, encompassing passenger cars, light commercial vehicles, heavy commercial vehicles, and motorcycles, recognizing the unique braking requirements and market dynamics for different vehicle classes. Geographically, the analysis is broken down into key regions and major countries within North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, providing a localized view of market trends, regulatory impacts, and growth opportunities across the globe.

FAQs

What are the different types of brake pads? Brake pads are primarily categorized into three main types: ceramic, semi-metallic, and organic (non-asbestos organic or NAO). Ceramic pads are known for their quiet operation, clean performance with less dust, and consistent performance across a range of temperatures. Semi-metallic pads contain metal fibers and offer excellent heat transfer and braking performance, making them suitable for high-performance applications, though they can be noisier. Organic pads, made from materials like glass, rubber, and Kevlar, are generally softer, quieter, and gentler on brake rotors but may wear faster and produce more dust.

How often should brake pads be replaced? The replacement interval for brake pads is not fixed and varies significantly based on driving habits, vehicle type, the quality of the brake pads, and environmental conditions. Aggressive city driving with frequent stopping typically wears pads out much faster than mostly highway driving. Most manufacturers suggest having brakes inspected at least once a year, but pads may need replacement anywhere between 30,000 and 70,000 miles. It is crucial to heed warning signs like squealing or grinding noises, a longer brake pedal travel, or the vehicle pulling to one side when braking.

What is the difference between brake shoes and brake pads? The fundamental difference lies in their application within distinct braking systems. Brake pads are used in disc brake systems. They are flat pieces of friction material that clamp onto a rotating brake disc (rotor) to create the friction needed to stop the vehicle. Brake shoes are used in drum brake systems. They are curved pieces of friction material that are pressed outward against the inside of a rotating brake drum to slow the vehicle. Disc brakes with pads are more common on modern vehicles due to superior heat dissipation and performance, while drum brakes with shoes are often found on the rear axles of some cars and many heavy-duty trucks.

What are ceramic brake pads? Ceramic brake pads are a high-performance type of brake pad where the friction material is embedded with ceramic compounds and copper fibers. They were developed as a superior alternative to semi-metallic and organic pads. Their key advantages include exceptionally quiet operation, producing very little audible noise or harsh brake squeal. They generate significantly less brake dust, which helps keep wheels cleaner. They also provide very stable and consistent braking performance over a wide temperature range and are generally easier on brake rotors, reducing rotor wear. Their main drawback has traditionally been a higher cost compared to other types.

Which brake pad material is best? There is no single "best" brake pad material universally; the optimal choice depends entirely on the vehicle's application and the driver's priorities. For daily driving and most passenger vehicles, ceramic brake pads are often considered an excellent balance of performance, noise comfort, and cleanliness. For high-performance driving, racing, or towing heavy loads, semi-metallic pads are typically preferred for their superior heat resistance and stopping power. For budget-conscious consumers whose driving involves less demanding conditions, organic (NAO) pads can be a cost-effective and adequate solution. Consulting a vehicle's manual or a trusted mechanic is always recommended.

What is a brake rotor? A brake rotor, also commonly known as a brake disc, is a crucial component of a disc brake system. It is a flat, circular metal disc that is bolted to and rotates with the vehicle's wheel hub. When the driver applies the brakes, the brake caliper squeezes the brake pads against both sides of the spinning rotor. The resulting friction between the pads and the rotor converts the kinetic energy of the moving vehicle into thermal energy (heat), thereby slowing down and stopping the vehicle. Rotors are designed to withstand immense heat and stress and come in various designs, such as solid, vented, slotted, or drilled, to improve cooling and performance.

Citius Research has developed a research report titled “Brake Friction Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Brake Friction Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Brake Friction Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Brake Friction Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Brake Friction Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Brake Friction Market
• Research Methodology
• Executive Summary
• Market Dynamics of Brake Friction Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Brake Friction Market
• Cost and Gross Margin Analysis of Brake Friction Market
• Brake Friction Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Brake Friction Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Brake Friction Market Key Stakeholders

Below are the key stakeholders for the Brake Friction Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Brake Friction Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Brake Friction Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Brake Friction Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Brake Friction Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Brake Friction Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Brake Friction Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Brake Friction Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Brake Friction Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Brake Friction Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Brake Friction Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Brake Friction Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Brake Friction Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Brake Friction Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Brake Friction Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Brake Friction Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Brake Friction Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Brake Friction Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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