Global Markets for Friction Products and Materials

July 19, 2012

Wellesley, Mass. – According to a new technical market research report, GLOBAL MARKETS FOR FRICTION PRODUCTS AND MATERIALS (AVM028E) from BCC Research (www.bccresearch.com), the global market for friction products and materials was valued at $13.8 billion in 2011 and is projected to reach nearly $14.7 billion in 2012, and $19.5 billion in 2017, a five-year compound annual growth rate (CAGR) of 5.9%.

The friction market can be split into three sectors: ground transportation, industrial and other, and aircraft/aerospace.

The ground transportation sector is expected to account for $7.7 billion in 2012 and nearly $10.3 billion in 2017, a CAGR of 5.9%.

The industrial and other sector is projected to total nearly $5.6 billion in 2012 and $7.9 billion in 2017, a CAGR of 7.1%.

The aircraft/aerospace sector should be worth $1.34 billion in 2012 and $1.37 billion in 2017, a CAGR of 0.4%.

Representing a mature business, the global market for friction materials is served by a number of companies, most of which are specialized, competing at various levels. Friction materials are produced by a large diverse industry. As the materials that have gone into friction products have changed, so have the companies that produce these materials. Conglomerates have swallowed up many of the smaller and medium-size firms, and now both large and small corporations produce friction materials. 

New product development, marketing, and technical servicing are keys to success in this industry. Many suppliers compete in the same market segments, and corporate recognition or reputation, gained through advertising and promotion, has become an important factor. Most friction materials companies have adopted either a strategy of product differentiation via unique technology, or a strategy of focus, such as market segmentation, that usually is based on a product-type basis. Product differentiation also has been achieved via corporate image. In the aftermarket, this is achieved via branding, as evidenced by brands such as Wagner, Ferodo, and ABEX.

This report will offer its audience:

• An overview of the friction products and materials market with realistic data and forecasts
• Insight into underlying economic issues driving the friction products and materials business
• A look at other competitive factors such as marketing, distribution, and operations
• An assessment of new and potential products in development
• Information about the main players in the market as well as analysis of their competitive positions and strategic options they face.

Audiences for this study include marketing executives, business unit managers, and other decision-makers in friction products and materials companies. Technology suppliers, suppliers of plastic resins and other materials, and other companies peripheral to this business also represent a key audience.

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Global Markets for Friction Products and Materials( AVM028E )
Publish Date: Jul 2012    

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