FLAME 2020
Global Markets for Friction Products and Materials
Report Highlights
The global market for friction products and materials should grow from $19.1 billion in 2018 to $24.2 billion by 2023, at a compound annual growth rate (CAGR) of 5.2% from 2018 to 2023.
Report Includes
- 42 data tables and 34 additional tables
- An overview of the global market for friction products and materials within the industry
- Analyses of market trends with data from 2017, estimates for 2018 and projections of compound annual growth rates (CAGRs) through 2023
- Discussion of applications of friction products and materials in light vehicles, medium- and heavy-duty trucks, aircraft, and other industrial applications
- Analysis of potential business opportunities in the future market
- Coverage of two type of friction materials — dry friction materials such as non-asbestos organic (NAO), semi-metallic, low-metallic and asbestos friction materials, and wet-friction materials such as paper products
- Critical analysis of the changing regulatory environment along with recent regulations regarding manufacturing and supplying of friction products and materials
- Examination of vendor landscape and company profiles of major market players including ABS Friction Corp., H-E Parts International, European Friction Industries (EFI) Ltd., Hindustan Composites Ltd., and Japan Brake Industrial Co. Ltd.
Report Scope
The scope of this report is comprehensive, covering the present status of and future prospects for OE/aftermarket friction materials and products in North America (i.e., the United States and Canada), Western Europe, Japan, China, India and other global markets. The North American market is covered in the greatest detail. The report covers diverse segments such as light vehicles, medium- and heavy-duty trucks, the automotive aftermarket, aircraft/aerospace, construction and other off-road equipment and various industrial applications. These segments are analyzed in detail as are technology developments, market conditions and opportunities, and five-year forecasts. The role of new technologies is reviewed in this comprehensive report.
In order to generate the information necessary to construct a reasonable future market for friction materials, it is necessary to undertake an examination of the advantages and disadvantages of the various types of materials. In particular, environmental concerns are very significant for some types of friction materials. This report covers two types of friction materials:
Dry friction materials such as non-asbestos organic (NAO), semi-metallic, low-metallic and asbestos friction materials.
Wet-friction materials such as paper products.
In addition to various friction materials and products, the report also covers the many issues concerning the merits and future prospects of the business, including corporate strategies, technologies and the means for providing these products and service offerings. It also covers in detail the social, political, regulatory and economic issues that so many regard as critical to the industry’s current state of change. The report provides a review of the friction materials and products industry and its structure, and the many companies involved in providing these materials and technologies. The competitive position of the main players in the market and the strategic options they face are also discussed, as well as competitive factors such as marketing, distribution and operations.
The values presented in the forecast tables represent the value of the friction products purchased by the OE manufacturers and other industrial companies. These measure value at the point of apparent consumption, regardless of where the friction product was manufactured. For materials, the values represent those paid by the friction product manufacturers. The volume data represent the consumption of these materials by the friction product manufacturers at the point of manufacture for these products, regardless of where the product is sold and used.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
The global friction products and materials market was valued at $17.2 billion in 2014. This market is projected to grow from $18.0 billion in 2015 to $23.3 billion in 2020, a compound annual growth rate (CAGR) of 5.3% from 2015 to 2020.
Report Includes
- An overview of the global market for friction products and materials in light vehicles, medium- and heavy-duty trucks, aircraft, and other industrial applications
- Analyses of market trends with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020
- Coverage of friction products, applications and materials in light vehicles, medium- and heavy-duty trucks, aircraft, and other industrial applications, as well as potential business opportunities in the future
- Information on dry friction materials, such as non-asbestos organic (NAO), semi-metallic, low-metallic, and asbestos friction materials
- Information on wet-friction materials such as paper products
- Analysis of the friction market's drivers, opportunities, and constraints
- Information on industry structure as well as social, political and regulatory issues
- Company profiles of major players in the market
Report Highlights
The global friction products and materials market reached nearly $14.4 billion in 2012. This market is expected to grow to $15.1 billion in 2013 and $20.2 billion in 2018 with a compound annual growth rate (CAGR) of 6.0% for the five-year period, 2013 to 2018.
Report Includes
- An overview of the global market for friction products and materials in light vehicles, medium- and heavy-duty trucks, aircraft, and other industrial applications
- Analyses of market trends with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) for the five year period, 2013 to 2018
- An analysis of the friction market's drivers as well as constraints
- Information on industry structure as well as social, political and regulatory issues
- Comprehensive company profiles of key players in the market.
Report Highlights
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%.
Report Highlights
- The ground transportation segment of the friction products and materials market was worth more than $5.8 billion in 2008. That was expected to decline slightly to $5.5 billion in 2009, and rise to 8.1 billion in 2014, for a 5- year compound annual growth rate (CAGR) of 8%.
- The aircraft/aerospace market is the smallest of the segments, but is expected to rise slightly from 2008 to 2009, $938 million to $941 million, and increase at a CAGR of 7.7% to reach nearly $1.4 billion in 2014.
- The industrial segment, combined with other smaller segments, amounted to nearly $4.7 billion in 2008, but is expected to decline to less than $4.3 billion in 2009. A rebound is projected for 2014, however, to nearly $6.3 billion, for a CAGR of 8%.
Report Highlights
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The North American friction products and materials market was worth $6.9 billion in 2006. By the end of 2007, the market will be worth slightly less, taking a dip to $6.8 billion. By the end of 2012, the market will be worth 7.7 billion with a compound annual growth rate (CAGR) of 2.6%.
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Ground transportation will maintain the highest share of the market throughout the forecast period. By the end of 2006 the market was worth $3.9 billion, 57.3% of the market. By 2012, this share will drop slightly to 55.8%.
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The aircraft and aerospace sectors of the market remain the fastest growing, with a 4.5% CAGR throughout the forecast period.
Report Highlights
REPORT HIGHLIGHTS
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The global market for friction products and materials is estimated at $6.8 billion in 2003 and is expected to rise at an average annual growth rate (AAGR) of 2.6% to reach $7.75 billion in 2008.
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Both original equipment and aftermarket ground transportation applications represent the largest single market for friction materials, accounting for 55% of the total, but features the lowest growth.
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Friction materials in aircraft/aerospace, a segment drastically affected by the 1990s reduction of defense spending and the aftermath of September 11th, accounts for 10% of the total. It is now growing at an AAGR of 4.5% over the long term.
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Railway, construction and other off-road, oilfield, and other industrial applications typically account for the remaining 35%, and is expected to rise at an AAGR of 2.9% during the forecast period.