Press release
Friction Material Market Size is Expected to Surpass USD 44.9 billion by 2038 | Major Industry Players: Federal-Mogul Holdings, Continental AG, Miba AG, ASIMCO Technologies
According to a recent study by Research Nester, the global friction material market size is poised to reach USD 44.9 billion by the end of 2038, registering a CAGR of 4.5% during the forecast period, i.e., 2026-2038.
Request Free Sample Report @ https://www.researchnester.com/sample-request-8017
The Expanding Rail and Public Transportation Networks and Growing Demand in Aerospace and Defense Sectors Fuel Market Growth
According to data published by the International Energy Agency, electric rail accounts for 55% of the freight movement and 85% of the passenger rail activity. Governments are promoting electric rail infrastructure as it does not emit any direct carbon dioxide. The expanding rail transportation sector is significantly driving market growth, owing to its crucial role in ensuring efficiency and safety. The demand for braking solutions is on the rise as the government, as well as the private sector, is investing heavily in advancing the urban transit systems.
In addition, the worldwide transition towards sustainable transportation practices further aids the friction material adoption. Defense vehicles such as tanks and military aircraft are operated in a harsh environment that requires friction materials. According to a report published by the U.S. government in September 2024, the military in the country has almost 4,650 battle tanks. These heavy tanks weigh almost 40-70 tons, and stopping or controlling such humongous vehicles requires high-performance braking systems.
Key Drivers and Challenges Impacting the Global Friction Material Market
Growth Drivers:
• Surge in focus on noise reduction and eco-friendly friction materials
• Technological advancements in composite and ceramic-based friction materials
• Rising demand for heavy-duty equipment and industrial machinery
• Automation and robotics are fostering demand for precision braking systems
• Adoption of advanced manufacturing processes, such as 3D printing in friction material production
Challenges:
• Slow adoption of the new technology in the emerging markets
• Economic slowdowns affecting the industrial and automotive sectors
• Maintenance and performance issues in extreme operating conditions
Access our detailed report at: https://www.researchnester.com/reports/friction-materials-market/8017
The pads segment is projected to hold a pioneering position in the worldwide friction material market, garnering a 43.1% share by 2038, prominently propelled by the burgeoning adoption of electric vehicles. Moreover, the rising emphasis on strict safety standards and upgraded braking efficiency across the automotive industry is augmenting the demand for state-of-the-art brake pads. The brake pads witness consistent abrasion and are susceptible to major wear and tear during vehicle operation. The cycle of this replacement contributes to steady aftermarket demand, strengthening the segment's leadership. In contrast with conventional vehicles, EVs have distinct braking requirements for their high torque output and regenerative braking systems, which call for specially engineered friction pads to deliver reliable performance and safety. The cycle of this replacement contributes to steady aftermarket demand, strengthening the segment's leadership.
The Asia Pacific Excluding Japan market is projected to register a share of 56.2% by 2038. The growth of the market can be attributed to the rapid expansion of the automotive sector. Apart from the automotive sector, the demand for friction material is rising due to the booming mining and construction sectors. In China, the market growth is due to rising demand for wind power installation. For instance, according to Climate Analytics, the country has hit its 2030 target to install more than 1.2 TW of wind and solar capacity. The wind turbine requires braking systems for operational control and safety.
In India, the expansion of the rail network is significantly propelling the market growth. The railway infrastructure includes the development of metro systems and high-speed rail corridors. These projects need ultra-modern braking systems to ensure performance as well as safety. The friction materials, such as brake pads and linings, are crucial components in making an adequate rail braking system. According to the International Energy Agency, the country is planning to include practices to make it "green railways" and achieve net 0 carbon emissions by 2030. The introduction of the advanced materials is copper-free and low in metallic content, which has enhanced the demand for the friction material in the country.
The friction material market is highly dynamic, and leading players are concentrating on technological advancement, sustainability, and globalization to position themselves. Major players such as Federal-Mogul Holdings, Continental AG, Miba AG, ASIMCO Technologies, EBC Brakes, Robert Bosch GmbH, ACDelco, ZF Friedrichshafen AG, EBC Brakes, TMD Friction, and Carlisle Brake are making heavy investments in research and development and strategic alliances. The market is characterized by recurrent introductions of next-generation, sustainable friction materials and bespoke solutions for niche applications. Joint ventures, acquisitions, and mergers with customers are common means of driving innovation and extending market reach. As world industries continually raise the bar on product performance and sustainability, competition in the friction material business will intensify, driving continuous improvement and innovation.
Request Free Sample Report @ https://www.researchnester.com/sample-request-8017
Research Nester Analytics is a leading service provider for strategic market research and consulting. We provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives make informed decisions regarding future marketing strategy, expansion, and investments. We believe every business can expand its horizon with the right guidance at the right time. Our out-of-the-box thinking helps clients navigate future uncertainties and market dynamics.
Related News
https://www.linkedin.com/pulse/riding-toward-future-inside-evolving-global-bicycle-industry-o9lfe
https://www.linkedin.com/pulse/golf-cart-market-innovations-trends-emerging-business-agw6e
Contact Data
AJ Daniel
Corporate Sales, USA
Research Nester
Email: info@researchnester.com
USA Phone: +1 646 586 9123
Europe Phone: +44 203 608 5919
About Research Nester
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates, and executives make informed investment decisions. With a data-driven and analytical methodology, Research Nester provides strategic consulting that enables clients to navigate uncertainty, identify emerging opportunities, and achieve long-term success.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Friction Material Market Size is Expected to Surpass USD 44.9 billion by 2038 | Major Industry Players: Federal-Mogul Holdings, Continental AG, Miba AG, ASIMCO Technologies here
News-ID: 4242987 • Views: …
More Releases from Research Nester Pvt. Ltd.
System Integrator Market Key Players - Share Consolidation Trends & Capital Grow …
The System Integrator Market forms the backbone of digital transformation across industries, connecting hardware, software, and networking infrastructure into cohesive solutions that drive operational efficiency and innovation. As enterprises adopt automation, IoT, cloud computing, and cybersecurity frameworks, system integrators are becoming indispensable partners in implementing complex technology ecosystems. This article explores the top companies shaping the global system integrator market, their strategic positioning, and the emerging investment opportunities that are…
Key Players in the Enterprise AI Market: Share Positioning & Investor Performanc …
The Enterprise AI market is rapidly transforming business operations across industries by integrating artificial intelligence into decision-making, automation, and analytics. Enterprises are leveraging AI-driven solutions to enhance productivity, optimize workflows, and unlock new revenue streams. With advances in generative AI, natural language processing, and predictive analytics, companies are adopting AI at scale to stay competitive in the digital economy. This article explores the leading players driving the Enterprise AI market,…
Operational Predictive Maintenance Market - Competitive Hierarchy, Capability As …
The Operational Predictive Maintenance market is transforming industrial performance and asset reliability through data-driven insights and AI-based analytics. As global industries move toward digitized operations and cost optimization, predictive maintenance solutions are becoming essential for reducing downtime, preventing failures, and extending equipment lifespan. This article examines the leading companies shaping the Operational Predictive Maintenance market, their competitive strategies, and the investment opportunities fueling innovation across sectors such as manufacturing, energy,…
Top Companies in Automotive Collision Repair Market - Benchmarking Performance & …
The Automotive Collision Repair market plays a crucial role in sustaining the global vehicle aftermarket ecosystem, driven by growing vehicle ownership, rising accident rates, and the increasing complexity of automotive components. As vehicles integrate advanced safety, electronics, and lightweight materials, collision repair services and parts suppliers are transforming their business models to align with evolving vehicle technologies. This article explores the leading players defining the Automotive Collision Repair market, their…
More Releases for Friction
Friction Products and Materials Market Is Booming Worldwide | Tenneco, Carlisle …
The latest research study released by AMA on the Friction Products and Materials Market offers over 181 pages of analysis on business strategies employed by key and emerging industry players. It provides insights into current market developments, landscape, technologies, drivers, opportunities, market outlook, and status. The market study is segmented by key regions driving market growth. The Friction Products and Materials study combines qualitative and quantitative market data, primarily collected…
Friction Materials Market Analysis By Top Keyplayers - ABS FRICTION CORP., Akebo …
The "Friction Materials Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Friction Materials Market, 2024-2031
Verified Market Research's most recent report, "Friction Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth…
Friction Modifiers Market, By Type (Organic Friction Modifiers and Inorganic Fri …
Data Bridge Market Research analyses that the friction modifiers market will witness a CAGR of 9.7% for the forecast period of 2022-2029. Friction modifiers market report analyses the growth, due to accelerating application of friction modifiers in advertising and promotions of various brands.
Friction modifiers, also known as boundary lubrication additives, are oil-soluble chemicals used in lubricants as transmission and internal combustion engine additives. These lubricants are used in machine components…
Friction Product Market 2027 Worldwide Analysis on Revenue, Segmentation and Key …
MARKET INTRODUCTION
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…
Global Friction Products and Materials Market 2018 Top Players are: ABS Friction …
Friction material is used in every-day mundane applications such as automotive brakes and clutches to commercial and industrial applications.
According to this study, over the next five years the Friction Products and Materials market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and…
GMP Friction Products Develops Friction Materials for Wind Energy Turbine Market …
Brakes Stop and Hold Wind Turbine Blades for Emergency, High Winds or Maintenance
AKRON, OHIO (January 19, 2012) – GMP Friction Products, working with wind turbine manufacturers and the suppliers to the OEM market, has developed high-speed friction brake materials designed to reduce rotational speed below maximum value or bring the blades of a wind energy turbine to a standstill. Following more than 1,000 braking sequence tests, they have developed friction…
