Friction Product Market Global Demand, Growth, Opportunities, Top Key Players and Forecast to 2027
Name: Sameer Joshi Pune, January 14, 2020
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Organization: Premium Market Insights
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Friction products are used to produce friction in order to reduce the velocity or stop the movement of a particular object. Friction is the resistance which opposes the movement of object. Friction products cover wide range of pads, linings, blocks, rolls, sheets, clutches etc. Commonly used materials in friction based products are paper (cotton or cellulose fiber and phenolic resin mixture), elastomerics, graphitics, sintered metal ceramics, advanced fibers and different metal alloys. The composition of these materials changes according to the product’s purpose. Friction based products market is huge and growing as it has various application in manufacturing, automotive, and others.
Leading Friction Product Market Players: ABS FRICTION CORP., Aisin Seiki Co. Ltd., Akebono Brake Industry Co., Ltd., Carlisle Brake and Friction Inc., European Friction Industries Ltd, Fras-le S.A., Hindustan Composites Ltd., MIBA AG, Nisshinbo Holdings Inc., Tenneco, Inc
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The friction based products market is driven by significant driven factors like growing automobile, construction and manufacturing industry, development in aerospace. Moreover, with an increase in vehicle traffic around the globe there is a rise in wear and tear of brakes and clutches resulting in increase in demand for replacement. However, fluctuation in prices of raw material is affecting the friction products market. With rapid industrialization, and emerging need for better and more efficient friction products from all relative sectors the friction based products market is expected to flourish in forth coming future.
The “Global Friction Based Products Market Analysis to 2027” is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of friction based products market with detailed market segmentation by product, sales channel, end-user and geography. The global friction based products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading friction based products market players and offers key trends and opportunities in the market.
The global friction based products market is segmented on the basis of product, business type, and end-user. Based on product, the market is segmented as brakes, clutches, industrial brakes and transmission systems, abrasives, and other. On the basis of sales channel the market is sub-segmented original equipment manufacturer and aftersales. Similarly, based on end-user the market is segmented into automotive, construction, aerospace and marine, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global friction based products market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The friction based products market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting friction based products market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the friction based products market in these regions.
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The reports cover key developments in the friction based products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from friction based products market are anticipated to lucrative growth opportunities in the future with the rising demand for friction based products in the global market. Below mentioned is the list of few companies engaged in the friction based products market.
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