North America Automotive Brake Friction Products Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Disc Materials (Metallic, Ceramic, and Composite), Product Type (Brake Shoe, Brake Pad, Brake Liner, Brake Disc, and Drum Brake), and Vehicle Type (Passenger Vehicles and Commercial Vehicles)
The automotive brake friction products market in North America is expected to grow from US$ 1,745.62 million in 2021 to US$ 1,981.67 million by 2028; it is estimated to grow at a CAGR of 1.8% from 2021 to 2028.
The automotive industry is growing due to increased foreign direct investment (FDI). The COVID-19 pandemic also prompted governments to reconsider their investment facilitation and promotion policies, which could help boost FDI in the coming years. However, the onset of the COVID-19 outbreak has disrupted many countries’ investments in automotive sectors; thus, governments primarily focus on increasing the number of new infrastructure projects while completing past projects. As a result, this will increase the demand for commercial vehicles, resulting in rising construction activities, which is expected to positively impact the automotive brake friction products market. Further, intraregional connections, environmental issues, and the green economy are also receiving more attention. Moreover, according to the Bureau of Economic Analysis, FDI in the US increased from US$ 4.44 trillion in 2019 by US$ 187.2 billion to US$ 4.63 trillion in 2020. A decrease in COVID-19 cases, an increasing number of vaccinated citizens, and the upliftment of stringent governments’ regulations are expected to grow the economy in 2022. Brake systems, made of various brake friction products, are installed in every vehicle. Disc brake systems, for instance, have rotors and pads, whereas a drum brake has a brake shoe and a brake drum. The growing demand for comfort and convenience is increasing vehicle production. Furthermore, the rising population and improving economic conditions increase vehicle production in many countries across the region, boosting the brake friction product market. Further, increased consumer purchasing power, rising disposable income, increased demand for personal vehicles, and the growth of e-commerce are contributing to the increase in production. An increase in government mandates for vehicle safety features is aiding the market growth. Thus, these factors are driving the automotive brake friction products market growth.
North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
North America Automotive Brake Friction Products Market Segmentation
The North America automotive brake friction products market is segmented into disc materials, product type, vehicle type, and country. Based on disc materials, the North America automotive brake friction products market is segmented into metallic, ceramic, and composite. In 2020, the metallic segment held the largest market share. Based on product type, the market is segmented into brake shoe, brake pad, brake disc, brake liner and drum brake. In 2020, the brake liner segment held the largest market share. Based on vehicle type, the market is bifurcated into passenger vehicles and commercial vehicles. In 2020, the commercial vehicles segment held a larger market share. Similarly, based on country, the North America automotive brake friction products market is segmented into the US, Canada, and Mexico. Further, the US contributed a substantial share in 2020.
ABS Friction; AISIN SEIKI Co. Ltd.; AKEBONO BRAKE INDUSTRY CO., LTD; Bendix Spicer Foundation Brake LLC; BOSCH Auto Parts; Carlisle Brake Friction; Delphi Auto Part; Japan Brake Industrial Co. LTD; MIBA AG; and Nisshinbo Holdings Inc are among the leading companies operating in the North America automotive brake friction products market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Automotive Brake Friction Products Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. North America Automotive Brake Friction Products Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Rate of Vehicle Production
5.1.2 Traffic Congestion and Evolving Vehicle Architecture
5.2 Market Restraints
5.2.1 Improving the life of brake friction products in order to influence demand for replacements
5.3 Market Opportunities
5.3.1 Metal-Free Brake Pads Technology in Electric Vehicles
5.4 Future Trends
5.4.1 Rising trends towards enhanced Vehicle Safety with ABS and EBD
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Brake Friction Products Market – North America Analysis
6.1 North America Automotive Brake Friction Products Market Overview
6.2 North America Automotive Brake Friction Products Market Revenue Forecast and Analysis
7. North America Automotive Brake Friction Products Market Analysis – By Disc Materials
7.1 Overview
7.2 North America Automotive Brake Friction Products Market, by Disc Materials (2020 and 2028)
7.3 Metallic
7.3.1 Overview
7.3.2 Metallic: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
7.4 Ceramic
7.4.1 Overview
7.4.2 Ceramic: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
7.5 Composite
7.5.1 Overview
7.5.2 Composite: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8. North America Automotive Brake Friction Products Market Analysis – By Product Type
8.1 Overview
8.2 North America Automotive Brake Friction Products Market, by Product Type (2020 and 2028)
8.3 Brake Shoe
8.3.1 Overview
8.3.2 Brake Shoe: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8.4 Brake Pad
8.4.1 Overview
8.4.2 Brake Pad: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8.5 Brake Liner
8.5.1 Overview
8.5.2 Brake Liner: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8.6 Brake Disc
8.6.1 Overview
8.6.2 Brake Disc: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8.7 Drum Brake
8.7.1 Overview
8.7.2 Drum Brake: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
9. North America Automotive Brake Friction Products Market Analysis – By Vehicle Type
9.1 Overview
9.2 North America Automotive Brake Friction Products Market, by Vehicle Type (2020 and 2028)
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial Vehicles
9.4.1 Overview
9.4.2 Commercial Vehicles: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
10. North America Automotive Brake Friction Products Market – Country Analysis
10.1 Overview
10.1.1 North America: Automotive Brake Friction Products Market, by Key Country
10.1.1.1 US: Automotive Brake Friction Products Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Automotive Brake Friction Products Market, by Disc Materials
10.1.1.1.2 US: Automotive Brake Friction Products Market, by Product Type
10.1.1.1.3 US: Automotive Brake Friction Products Market, by Vehicle Type
10.1.1.2 Canada: Automotive Brake Friction Products Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Automotive Brake Friction Products Market, by Disc Materials
10.1.1.2.2 Canada: Automotive Brake Friction Products Market, by Product Type
10.1.1.2.3 Canada: Automotive Brake Friction Products Market, by Vehicle Type
10.1.1.3 Mexico: Automotive Brake Friction Products Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Automotive Brake Friction Products Market, by Disc Materials
10.1.1.3.2 Mexico: Automotive Brake Friction Products Market, by Product Type
10.1.1.3.3 Mexico: Automotive Brake Friction Products Market, by Vehicle Type
11. North America Automotive Brake Friction Products Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 Japan Brake Industrial Co. LTD
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Nisshinbo Holdings Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ABS Friction
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 AKEBONO BRAKE INDUSTRY CO., LTD.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Bendix Spicer Foundation Brake LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 BOSCH Auto Parts
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Carlisle Brake Friction
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Delphi Auto Parts
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 AISIN SEIKI Co.Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 MIBA AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Automotive Brake Friction Products Market Revenue Share, by Key Country (US$ Million)
Table 3. US: Automotive Brake Friction Products Market, by Disc Materials–Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Automotive Brake Friction Products Market, by Product Type–Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Automotive Brake Friction Products Market, by Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Automotive Brake Friction Products Market, by Disc Materials–Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Automotive Brake Friction Products Market, by Product Type–Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Automotive Brake Friction Products Market, by Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Automotive Brake Friction Products Market, by Disc Materials–Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Automotive Brake Friction Products Market, by Product Type–Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Automotive Brake Friction Products Market, by Vehicle Type–Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Automotive Brake Friction Products Market Segmentation
Figure 2. North America Automotive Brake Friction Products Market Segmentation – By Country
Figure 3. North America Automotive Brake Friction Products Market Overview
Figure 4. North America Automotive Brake Friction Products Market, by Disc Materials
Figure 5. North America Automotive Brake Friction Products Market, by Product Type
Figure 6. North America Automotive Brake Friction Products Market, by Vehicle Type
Figure 7. North America Automotive Brake Friction Products Market, by Country
Figure 8. North America: PEST Analysis
Figure 9. North America Automotive Brake Friction Products Market- Ecosystem Analysis
Figure 10. North America Automotive Brake Friction Products Market Impact Analysis of Drivers and Restraints
Figure 11. North America Automotive Brake Friction Products Market Revenue Forecast and Analysis (US$ Million)
Figure 12. North America Automotive Brake Friction Products Market, by Disc Materials (2020 and 2028)
Figure 13. Metallic: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Ceramic: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Composite: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Automotive Brake Friction Products Market, by Product Type (2020 and 2028)
Figure 17. Brake Shoe: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Brake Pad: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Brake Liner: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Brake Disc: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Drum Brake: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Automotive Brake Friction Products Market, by Vehicle Type (2020 and 2028)
Figure 23. Passenger Vehicles: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Commercial Vehicles: North America Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America: Automotive Brake Friction Products Market, by key Country – Revenue (2020) (US$ Million)
Figure 26. North America: Automotive Brake Friction Products Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. US: Automotive Brake Friction Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Canada: Automotive Brake Friction Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Mexico: Automotive Brake Friction Products Market – Revenue and Forecast to 2028 (US$ Million)
- ABS Friction
- AISIN SEIKI Co.Ltd.
- AKEBONO BRAKE INDUSTRY CO., LTD
- Bendix Spicer Foundation Brake LLC
- BOSCH Auto Parts
- Carlisle Brake Friction
- Delphi Auto Parts
- Japan Brake Industrial Co. LTD
- MIBA AG
- Nisshinbo Holdings Inc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Automotive Brake Friction Products Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Automotive Brake Friction Products Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Automotive Brake Friction Products Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.