Ozone Market Reports projects that the Brake Friction Product market size will grow from USD 19.98 Billion in 2017 to USD 31.22 Billion by 2023, at an estimated CAGR of 7.72%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

The increasing vehicle production, sales, and parc is one of the key factors driving the brake friction products market.Brake pads are estimated to constitute the fastest growing aftermarket segment, in terms of volume. The average replacement life of brake pads for all types of vehicles is 35,000 miles–60,000 miles. Brake pads are prone to frequent wear-and-tear, owing to factors such as poor road conditions, brakes usage pattern, overall weight of the vehicle, quality of friction material used, and high braking pressure in case of four-wheel-drive vehicles. Thus, the frequency of replacement is high, which boosts the growth of the aftermarket segment.

By Market Players:
Robert Bosch GmbH , Aisin Seiki Co. Ltd. , Delphi Automotive Llp , Federal-Mogul Corporation , Brembo S.P.A. , Tenneco, Inc. , Akebono Brake Corporation , Nisshinbo Holdings, Inc. , Miba AG , SGL Carbon AG, , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

By Market Type
  Brake Friction Products Aftermarket, Asia-Oceania, Europe, North America, RoW, , , ,

By Product Type
Brake Friction  , Brake Friction Products Aftermarket , Asia-Oceania, Europe, North America, , , ,

By Product Type
Two-Wheeler Brake Friction Products Oe , , , , , , , ,

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Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

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