The brake friction products market is predicted to grow from USD 14.68 billion in 2024 to USD 16.78 billion by 2030 at a CAGR of 2.3%. Demand for brake friction products is expected to be driven by the growing vehicle production and the rising demand for disc brakes in passenger cars. The increasing adoption of electric vehicles and advancements in brake friction product technology to improve vehicle performance and efficiency are also expected to drive the brake friction products market significantly. Further, the growing use of lightweight components has increased the demand for high-quality brake friction products and materials used for friction.
Key players dominating the brake friction products market include Aisin Corporation (Japan), ZF Friedrichshafen AG (Germany), Brembo S.p.A (Italy), Nisshinbo Holdings Inc. (Japan), and Tenneco Inc. (US). These industry leaders develop innovative products, implement expansion strategies, and foster collaborations, partnerships, mergers, and acquisitions to establish a strong foothold in the dynamically growing brake friction products market. The organic and inorganic strategies have helped the market players expand globally by providing advanced brake friction product solutions.
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Robert Bosch GmbH is one of the largest automotive suppliers in the world. The company provides brake friction products for the automotive industry under the mobility solutions division. The company is actively developing new products for the braking system used in the automotive sector. For instance, the company created a Braking Control Pad system in September 2024. Bosch made this strategy due to the increasing market for electric vehicles (EVs) by offering more efficient braking systems that are compatible with regenerative braking, improving energy recovery and vehicle range. Moreover, Bosch has strategically expanded its presence in emerging markets like China and India, where the demand for reliable braking systems, particularly for increase in demand for affordable EVs.
Asini Corporation’s subsidiary company, "ADVICS CO., LTD.” holds the core competency in brake friction products such as brake pads, disc brake rotors, shims, hydraulics & brake calipers. Aisin Corporation formulated its 2025 Medium-term Management Plan in September 2023, where the company is aiming to achieve sales orders of USD 39.00 – 42.50 billion by 2030 due to an increase in sales of BEV and its sub-products such as safe & comfortable entry and braking systems. Aisin is also actively collaborating with other key players to increase the demand for automotive brake systems due to the rise in demand for BEV and HEV in the APAC region. For instance, the company had a joint venture with Brakes India (India) to develop advanced braking products tailored to India's growing light vehicle market. This collaboration focuses on integrating global technology and local manufacturing capabilities to enhance product offerings like Electronic Stability Control (ESC) systems, which are essential for modern vehicles.
ZF Friedrichshafen AG is a global leader in driveline and chassis technology. The company offers brake friction products under the car chassis technology business segment. The increasing demand for EVs has created opportunities for ZF, where the company is developing specialized brake friction products that cater to the unique requirements of electric mobility. For instance, ZF Friedrichshafen AG launched 3 new products in the aftermarket segment in February 2023, named “blue brake pads.” These blue brakes were developed for electric vehicles with copper-free formulations to minimize dust particle reduction and maintain high friction performance.
Related Reports:
Brake Friction Products Market (OEM, Aftermarket), By Type (Brake Disc, Pad, Drum, Shoe, Liner, Shim), Disc Type (Metallic, Composite, Ceramic), Liner Type (Molded, Woven), Vehicle Type (Ice, Electric, PHEV, OHV), and Region - Global Forecast to 2030
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