Brake Friction Products Market

Parts that allow applying brakes come under brake friction products. These include brake pads and brake linings. The significant drivers are the automotive industries. Automotive companies now also require OEMs that involve producing efficient brake friction products. 

This development may drive the market demand. The growing need for safety is also driving the market demand as more people become aware of the need for vehicular protection. The production growth in vehicles is due to increasing disposable income, the growing need for personal cars due to protection from COVID-19, and the development of e-commerce. Brake friction products have become better in quality and durability due to pressure from regulatory bodies and the public for more road safety. 

However, this durability has slowed down sales for brake friction products, which can be seen as a factor negatively impacting its market growth. However, emergence of electric vehicles is a growth opportunity that can counter this effect.