The Global Brake friction Market was valued at USD XX million in 2016, and is expected to grow at a CAGR of XX% by 2025. Increasing demand from automobile industry is considered as main factor to drive the growth of the market. —
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Growing consumption of automobile components, rising demand for personal vehicles, increasing use of brakes due to traffic congestion to increase demand for replacement units, increasing vehicle travelled miles, rising penetration of both commercial and passenger vehicle are some of the important factor to dominate the market growth.
North America is expected to dominate the market growth owing to increasing vehicle parc, presence of various manufacturer in these region are supporting factor for region dominance.
Government regulation regarding alloy composition to make brake friction products, counterfeit brake friction products are some of the main challenge for the market growth. Use of light weight material in brake friction products, ecofriendly products are growing opportunity for the market.
Passenger car segment is estimated to hold large share in market attributed to various factors like rise in disposal income, increasing sales of vehicle is expected to support the dominance.
Global Brake friction Market is spread across 121 pages
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Some of the key players operating in this market include Robert Bosch, Nisshinbo. , Federal-, TENNECO, and Federal-Mogul among others.
Key Benefits of the Report:
* Global, Regional, Country, Application, and End user Market Size and Forecast from 2014-2025
* Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
* Identification of key companies that can influence this market on a global and regional scale
* Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
* Detailed insights on emerging regions, End user & Application, and competitive landscape with qualitative and quantitative information and facts
* Brake friction providers
* Traders, Importer and Exporter
* Raw material suppliers and distributors
* Research and consulting firms
* Government and research organizations
* Associations and industry bodies
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The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as white papers government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics, capacity End user, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Original Equipment Manufacturer
* Component Supplier
* Government Body & Associations
* Research Institute
Table Of Content
1 Executive Summary
2 Methodology And Market Scope
3 Brake friction Market — Industry Outlook
4 Brake friction Market Material Type Outlook
5 Brake friction Market Application Outlook
6 Brake friction Market Regional Outlook
7 Competitive Landscape
End of the report
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