The automotive brake friction products market size, in terms of volume, is projected to grow at a CAGR of 6.04% from 2014 to 2019 to reach 3.61 billion units by 2019.
Dallas, TX -- (SBWIRE) -- 04/02/2015 -- The report "Automotive Brake Friction Product Market by OE & Aftermarket (Brake Pads, Shoes, Lining, Rotor, and Drum) & Material type (Pads-Non Metallic, Semi-Metallic, & Ceramic, Lining-Organic, Semi-Metallic & Synthetic) - Industry Trends & Forecast to 2019" defines and segments the automotive brake friction products market with an analysis and forecast of the global market size, by volume and value.
Browse 65 market data tables and 35 figures spread through xxx pages and in-depth TOC on "Automotive Brake Friction Product Market - Industry Trends & Forecast to 2019"
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Asia-Oceania: largest market for brake friction products
The Asia-Pacific region comprises countries such as China, India, and Japan. The region is dominated by developing countries such as India and China, where the automotive industry is growing at a rapid rate. The increasing number of vehicle manufacturing facilities due to low production costs, increasing production capacity, and growing demand for light and heavy vehicles is driving the market for automotive brake friction products in these countries. The automotive brake friction products market in the Asia-Pacific region is projected to grow at a CAGR of 6.27% from 2014 to 2019.
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Europe: potential market in Eastern Europe
Western Europe is a matured market for the automotive industry. In addition, the European automotive industry has grown at a negative CAGR, owing to the Euro Crisis of 2008. However, the industry has started recovering at a fast pace after 2013; this would drive the demand for brake friction products in Eastern and Western Europe. The European automotive brake friction products market is projected to grow at a CAGR of 5.37% from 2014 to 2019.
North America: increased vehicle production in Mexico
The North American region comprises the U.S., Canada, and Mexico, which is also a matured automotive market. However, OEMs are setting up manufacturing facilities in Mexico, owing to cheap labor and low production costs. This has increased the vehicle production volume of Mexico, thereby driving its brake friction products market. Additionally, the vehicle parc volume and average lifespan of vehicles is increasing in the U.S.; this will supplement the growth of the brake friction products aftermarket. The North American automotive brake friction products market is projected to grow at a CAGR of 6.67% from 2014 to 2019.
The report covers the global automotive brake friction products market in terms of volume (million units) and value ($million) across the regions of Asia-Oceania, Europe, North America, and Rest of the World (RoW). It explains the qualitative and quantitative aspects of automotive brake friction products. The report briefly explains the automotive brake friction products market on the basis of region, product, and vehicle type from 2014 to 2019.
It also provides an overview of technical factors and other important aspects of the automotive brake friction products market. It includes a value chain analysis, Porter's five forces analysis, PEST analysis, the competitive landscape, and company profiles. In addition to this, 10 key players of the automotive brake friction products industry have been profiled.
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