Automotive Brake Friction Products: A Global Strategic Business Report
San Jose, California (PRWEB) November 15, 2011
Follow us on LinkedIn – Automotive brake friction products represent a huge, mature, and diverse market that has changed considerably over the years with the vast changes in raw materials used for manufacturing friction products. Although constituting a small part of an automobile, the brake system plays an important role in the normal functioning of a vehicle. Presently, there is an increasing demand for brake friction products with low noise, low cost, long life, and high performance. Customers are increasingly opting for premium brands that provide best service rather than cheaper alternatives.
In response to this trend, governments across the world are pressurizing manufacturers to produce high quality automotive brake friction products. For instance, a regulation enacted in the state of Washington, limits the proportion of copper used in the manufacture of brake linings. Similar regulations, limiting the usage of copper are pending in other states such as California. Another regulation that has been enacted recently is the stopping distance regulation, which restricts the distance that a vehicle would travel before it comes to a halt.
From a regional perspective, the US constitutes to be the largest regional market for the automotive brake friction products aftermarket for light vehicles. Asia-Pacific is poised to register the fastest compounded annual growth rate of 8.3% during the analysis period, primarily driven by the tremendous growth witnessed by the emerging markets of China and India. Brake Pads dominate the brake friction products aftermarket, and the segment is expected to register a compounded annual growth rate of about 5.0% over the analysis period. On the other hand, the Brake Shoes aftermarket has witnessed steady decline in revenues in the developed markets over the recent years, and the trend is expected to continue in future.
Currently, ceramic brake parts dominate the aftermarket. When ceramic brake parts were first offered in the market few years ago, it was a runaway success and grabbed the market share earlier owned by NAO and semi-metallic products in major markets. Though certain OEMs still employ NAO material in new cars, the aftermarket is dominated by ceramics. Presently, ceramic and semi-metallic brake parts together constitute a major chunk of the friction parts aftermarket in North America, and are poised to cross 90% mark in the near future.
Counterfeit parts remain a major concern for the automotive components industry, primarily in the aftermarket sector. Counterfeit aftermarket products steal a share of more than US$10 billion from American Automotive suppliers per year. Brake parts are highly susceptible to counterfeiting as they need continuous replacement. Additionally, the standard low value friction parts market is the most affected segment, which is an easy catch for the counterfeiters to operate. China, India, Taiwan, Malaysia, and Japan are few countries in which most of the counterfeiting takes place. The number of counterfeiters is likely to increase in the near future.
Select major players of brake pads and brake shoes profiled in the report include ABS Friction Corp., Advics Co. Ltd., Affinia Group Inc., Akebono Brake Industry Co. Ltd., Meritor Inc., Brakewel Automotive Components India Private Ltd., Bosch Automotive Aftermarket, Carlisle Companies Inc., Continental AG, Delphi Corp., Federal-Mogul Corp., GMP Friction Products, Honeywell International Inc., Fras Le, Japan Brake Industrial Co. Ltd., Haldex Ab, among others.
The research report titled “Automotive Brake Friction Products: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Automotive Brake Friction Products, its market overview, key market trends, product overview, recent industry activity, recent product launches, and profiles of major and niche market participants. The report provides annual value sales estimates and projections for Aftermarket sales of Automotive Brake Friction Products for Light Vehicles (Passenger Cars and Light Trucks) for the years 2009 through 2017 for the following regions - United States, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Also, a six-year (2003-2008) historic analysis is provided for additional perspective. The report analyzes the automotive brake friction products market by the following key product segments – Brake Pads, and Brake Shoes.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Automotive_Brake_Friction_Products_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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