Vehicle Friction Material Market
Vehicle Friction Material Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Vehicle Friction Material Market Size and Growth
The Vehicle Friction Material market is experiencing robust growth, driven by increasing automotive production and demand for safety features. In 2023, the market size is estimated to reach approximately USD 25 billion, with a compound annual growth rate (CAGR) of 4.5%. Market conditions reflect innovations in eco-friendly materials and enhanced performance. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Akebono Brake
◍ Nisshinbo
◍ Bosch
◍ Continental
◍ GMP Friction Products
◍ Tenneco
◍ Bendix
◍ Sangsin Brake
◍ BorgWarner
◍ Shandong Longji
◍ Shandong Gold Phoenix
◍ Svendborg Brakes (Altra Motion)
◍ Carlisle Brake & Friction (CBF)
◍ Aisin Chemical Co
◍ Schaeffler
◍ Vulkan
◍ BPW Group
The Vehicle Friction Material Market features key players like Akebono Brake, Bosch, and Continental, who innovate in product development. Companies enhance performance and sustainability, driving market growth. Notable revenues include Bosch at approximately $86 billion, Aisin Chemical at around $33 billion, and Schaeffler at about $19 billion.
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Market Segmentation
By Application
Automotive
Train
Marine
Airplane
Others
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By Product
Brake Pads
Brake Linings
Clutch Discs
Brake Blocks
Others
Market Growth
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$ X Billion USD
