The braking and friction industry plays a crucial role in ensuring the safety and performance of vehicles on the road. Understanding the industry’s current state and future outlook can help you keep up with the evolving industry and make informed decisions. Here are some braking and friction industry statistics you should know.
This article will explore essential and insightful braking and friction industry statistics, shedding light on their importance and impact on the automotive landscape.
Let’s get into it!
Braking and Friction Materials Statistics
Here is the braking and friction materials outlook to help you stay ahead of the curve.
Global Brake Friction Materials Market Overview
A list of braking and friction industry statistics would not be complete without data on friction materials. The global brake friction materials market was estimated at $10.8 billion in 2021. It is projected to reach $13.3 billion in 2026, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period.
Brake friction products include brake pads, brake shoes, brake linings, brake rotors, and brake drums. The escalating demand for automobiles, coupled with stringent safety regulations, have been a driving force behind this robust market growth. In fact, by 2025, the UAE government aims to have 42,000 hybrid vehicles on the road, including passenger and commercial vehicles.
With the increasing demand for automobiles and stringent safety regulations, consumers will benefit from improved and advanced brake friction materials. The market growth is also likely to lead to a wider range of brake friction products, providing consumers with more options to choose from.
Manufacturers will have an opportunity to expand their production and capture a larger market share. Suppliers can anticipate a surge in demand, providing a chance to increase production and sales.
Industrial Brakes Market Size
The industrial brakes market size was $1.2 billion in 2023. This market is projected to grow at a CAGR of 4.4% between 2024 and 2032. The primary driver of this market growth is the growing demand for reliable, efficient, and safe braking systems in various industries.
The increasing demand for energy-efficient and sustainable braking solutions is another key factor driving this market growth. This means manufacturers and suppliers will have the opportunity to produce and supply more industrial friction materials, resulting in more sales and higher profits.
It will also be easier for consumers to find braking systems that suit their industrial applications.
Market Leaders and Competition
Several key players dominate the braking and friction industry. Companies such as Al Tabreed, Bosch, Brembo, Akebono Brake Industry Co., and Federal-Mogul Corporation have established themselves as industry leaders.
The market is highly competitive, with continuous investments in research and development to stay ahead of technological advancements and meet the evolving demands of the automotive sector.
Counterfeit Brake Friction Products
Counterfeit brake friction products are becoming a growing concern. While these products are cheap, they are manufactured using low-quality materials. Asia is the largest supplier of counterfeit friction materials, with China producing more than two-thirds of the materials.
This presents a challenge for consumers since low-quality materials can lead to frequent breakdowns and even compromise their safety. This is a call for manufacturers to focus on producing high-quality friction materials that adhere to industry standards.
Brake Linings Statistics
Brake linings are the heart of your braking system. They ensure the safety and functionality of your vehicle, providing the necessary friction needed to slow down or stop your vehicle. Here are some interesting brake linings statistics worth knowing.
Automotive Brake Linings Market
The automotive brake linings market share was projected to increase by $132.86 million from 2020 to 2025. This market will accelerate at a CAGR of 4.88%.
As the global demand for automobiles rises, the production of vehicles, including passenger cars and commercial vehicles, is on the upswing. This surge in automotive manufacturing directly results in a higher demand for brake linings.
Market Segmentation
The brake lining market is segmented by:
- Vehicle type – This includes passenger cars, commercial vehicles, and two-wheelers. Passenger cars hold the largest share due to their higher volume.
- Material type – These materials include organic, semi-metallic, and ceramic. Each offers distinct advantages in terms of performance, wear, noise, and dust generation.
- Sales channel – These include OEM and aftermarket. The aftermarket is expected to grow faster due to aging vehicles exceeding warranties.
Governments and regulatory bodies worldwide are imposing strict safety standards for vehicles. This is, in turn, fueling the demand for quality brake linings. Consumers will have the opportunity to enhance their safety by purchasing high-quality brake linings.
The projected increase in market size also provides brake linings manufacturers with opportunities to expand their production capacity and meet the growing demand.
Brake Pads Statistics
Like brake linings, brake pads also help you safely slow down or stop your vehicle. Here is an overview of the global brake pads market.
Brake Pads Market Size
The automotive brake pad market size is valued at $17.19 billion in 2024. It is projected to reach $20.28 billion by 2029, growing at a CAGR of 3.25% during this period. Several factors are propelling this market growth, including:
Shifting consumer preferences,
- A rise in vehicle production
- Increasing emphasis on vehicle safety
- The growing demand for advanced friction materials like ceramic and asbestos
- The implementation of stricter safety regulations by governmental bodies
The largest segment within the automotive brake pad market is the passenger car segment, primarily propelled by the growing number of passenger cars and advancements in braking system technology.
Radiator Statistics
The radiator core, a key component in your vehicle’s cooling system, has witnessed noteworthy developments. Here are some key statistics about radiator cores.
Global Automotive Radiator Market
The radiator releases excess heat generated by your engine, ensuring your vehicle performs efficiently. Advances in radiator core technology include the development of multi-layered cores and enhanced thermal conductivity materials, improving cooling efficiency.
The global automotive radiator market size was valued at $1253.50 million in 2023 and is expected to reach $1395.12 million by 2029, growing at a CAGR of 1.80% during the forecast period.
The fueling factors behind this market growth include the growing demand for high-performance engines and fuel efficiency. Increasing vehicle production is also another key market driver.
While the automotive radiator market is growing, there are increasing environmental concerns. Some radiator materials, like aluminum, need energy-intensive manufacturing processes. This presents an opportunity for manufacturers to utilize eco-friendly materials and sustainable production processes to mitigate the environmental impact.
The growing market also provides an opportunity for innovation in materials, design, and manufacturing. For instance, automotive and radiator manufacturers can collaborate to create lightweight and sustainable radiators.
As the automotive radiator market expands, consumers will also benefit from enhanced engine performance, improved fuel efficiency, and extended engine service life.
Wrapping Up
As the automotive industry continues to evolve, the braking and friction materials sector plays a vital role in shaping vehicle safety and performance. Understanding key statistics provides valuable insights into market trends, technological advancements, and regional dynamics.
With the ongoing emphasis on safety and efficiency, these statistics are a foundation for innovative solutions that drive the industry toward enhanced reliability and sustainability. Are you ready to start exploring innovative brake and friction materials? Reach out to us today to schedule a consultation.
