The automotive brake friction products market in Europe is expected to grow from US$ 2,133.85 million in 2021 to US$ 2,596.93 million by 2028; it is estimated to grow at a CAGR of 2.8% from 2021 to 2028
The automotive industry is expanding due to increased foreign direct investment (FDI). For instance, in July 2021, Waaree Energy Storage System collaborated with Zypp Electric to provide lithium batteries. The COVID-19 pandemic also prompted governments to reconsider their investment facilitation and promotion policies, which could help boost FDI in the coming years. However, the onset of the COVID-19 outbreak has disrupted many countries’ investments in automotive sectors; thus, governments primarily focus on increasing the number of new infrastructure projects while completing past projects. As a result, this will increase the demand for commercial vehicles, resulting in rising construction activities, which is expected to positively impact the automotive brake friction products market. Further, intraregional connections, environmental issues, and the green economy are also receiving more attention.
When compared to the global average, the COVID-19 pandemic had more severe consequences in the EU (European Union), with inward FDI falling by 71% from US$ 365.47 billion (€335 billion) in 2019 to US$ 107.71 billion in 2020, according to the annual report on the screening of foreign direct investments into the Union on November 23, 2021. The FDI inflow shows the recovery of various industries, further supporting the automotive brake friction products market growth. A decrease in COVID-19 cases, an increasing number of vaccinated citizens, and the upliftment of stringent governments’ regulations are expected to grow the economy in 2022. Brake systems, made of various brake friction products, are installed in every vehicle. Disc brake systems, for instance, have rotors and pads, whereas a drum brake has a brake shoe and a brake drum. The growing demand for comfort and convenience is increasing vehicle production. Furthermore, the rising population and improving economic conditions increase vehicle production in many countries across the region, boosting the brake friction product market. Further, increased consumer purchasing power, rising disposable income, increased demand for personal vehicles, and the growth of e-commerce are contributing to the increase in production. An increase in government mandates for vehicle safety features is aiding the market growth. Thus, these factors are driving the automotive brake friction products market growth.
AISIN SEIKI Co.Ltd.; AKEBONO BRAKE INDUSTRY CO., LTD; Bendix Spicer Foundation Brake LLC; BOSCH Auto Parts; Carlisle Brake Friction; Delphi Auto Part; Japan Brake Industrial Co. LTD; MIBA AG; and Nisshinbo Holdings Inc are among the leading companies operating in the Europe automotive brake friction products market.
The automotive industry is expanding due to increased foreign direct investment (FDI). For instance, in July 2021, Waaree Energy Storage System collaborated with Zypp Electric to provide lithium batteries. The COVID-19 pandemic also prompted governments to reconsider their investment facilitation and promotion policies, which could help boost FDI in the coming years. However, the onset of the COVID-19 outbreak has disrupted many countries’ investments in automotive sectors; thus, governments primarily focus on increasing the number of new infrastructure projects while completing past projects. As a result, this will increase the demand for commercial vehicles, resulting in rising construction activities, which is expected to positively impact the automotive brake friction products market. Further, intraregional connections, environmental issues, and the green economy are also receiving more attention.
When compared to the global average, the COVID-19 pandemic had more severe consequences in the EU (European Union), with inward FDI falling by 71% from US$ 365.47 billion (€335 billion) in 2019 to US$ 107.71 billion in 2020, according to the annual report on the screening of foreign direct investments into the Union on November 23, 2021. The FDI inflow shows the recovery of various industries, further supporting the automotive brake friction products market growth. A decrease in COVID-19 cases, an increasing number of vaccinated citizens, and the upliftment of stringent governments’ regulations are expected to grow the economy in 2022. Brake systems, made of various brake friction products, are installed in every vehicle. Disc brake systems, for instance, have rotors and pads, whereas a drum brake has a brake shoe and a brake drum. The growing demand for comfort and convenience is increasing vehicle production. Furthermore, the rising population and improving economic conditions increase vehicle production in many countries across the region, boosting the brake friction product market. Further, increased consumer purchasing power, rising disposable income, increased demand for personal vehicles, and the growth of e-commerce are contributing to the increase in production. An increase in government mandates for vehicle safety features is aiding the market growth. Thus, these factors are driving the automotive brake friction products market growth.
Europe Automotive Brake Friction Products Market Segmentation
The Europe automotive brake friction products market is segmented into disc materials, product type, vehicle type, and country. Based on disc materials, the Europe automotive brake friction products market is segmented into metallic, ceramic, and composite. In 2020, the composite segment held the largest market share. Based on product type, the market is segmented into brake shoe, brake pad, brake disc, brake liner and drum brake. In 2020, the brake liner segment held the largest market share. Based on vehicle type, the market is bifurcated into passenger vehicles and commercial vehicles. In 2020, the passenger vehicles segment held a larger market share. Similarly, based on country, the Europe automotive brake friction products market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Further, Germany contributed a substantial share in 2020.AISIN SEIKI Co.Ltd.; AKEBONO BRAKE INDUSTRY CO., LTD; Bendix Spicer Foundation Brake LLC; BOSCH Auto Parts; Carlisle Brake Friction; Delphi Auto Part; Japan Brake Industrial Co. LTD; MIBA AG; and Nisshinbo Holdings Inc are among the leading companies operating in the Europe automotive brake friction products market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Automotive Brake Friction Products Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Automotive Brake Friction Products Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Rate of Vehicle Production
5.1.2 Traffic Congestion and Evolving Vehicle Architecture
5.2 Market Restraints
5.2.1 Improving the life of brake friction products in order to influence demand for replacements
5.3 Market Opportunities
5.3.1 Metal-Free Brake Pads Technology in Electric Vehicles
5.4 Future Trends
5.4.1 Rising trends towards enhanced Vehicle Safety with ABS and EBD
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Brake Friction Products Market - Europe Analysis
6.1 Europe Automotive Brake Friction Products Market Overview
6.2 Europe Automotive Brake Friction Products Market Revenue Forecast and Analysis
7. Europe Automotive Brake Friction Products Market Analysis - By Disc Materials
7.1 Overview
7.2 Europe Automotive Brake Friction Products Market, by Disc Materials (2020 and 2028)
7.3 Metallic
7.3.1 Overview
7.3.2 Metallic: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
7.4 Ceramic
7.4.1 Overview
7.4.2 Ceramic: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
7.5 Composite
7.5.1 Overview
7.5.2 Composite: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Automotive Brake Friction Products Market Analysis - By Product Type
8.1 Overview
8.2 Europe Automotive Brake Friction Products Market, by Product Type (2020 and 2028)
8.3 Brake Shoe
8.3.1 Overview
8.3.2 Brake Shoe: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8.4 Brake Pad
8.4.1 Overview
8.4.2 Brake Pad: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8.5 Brake Liner
8.5.1 Overview
8.5.2 Brake Liner: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8.6 Brake Disc
8.6.1 Overview
8.6.2 Brake Disc: Europe Disc Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
8.7 Drum Brake
8.7.1 Overview
8.7.2 Drum Brake: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Automotive Brake Friction Products Market Analysis - By Vehicle Type
9.1 Overview
9.2 Europe Automotive Brake Friction Products Market, by Vehicle Type (2020 and 2028)
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial Vehicles
9.4.1 Overview
9.4.2 Commercial Vehicles: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
10. Europe Automotive Brake Friction Products Market - Country Analysis
10.1 Overview
10.1.1 Europe: Automotive Brake Friction Products Market, by Key Country
10.1.1.1 Germany: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Automotive Brake Friction Products Market, by Disc Materials
10.1.1.1.2 Germany: Automotive Brake Friction Products Market, by Product Type
10.1.1.1.3 Germany: Automotive Brake Friction Products Market, by Vehicle Type
10.1.1.2 France: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Automotive Brake Friction Products Market, by Disc Materials
10.1.1.2.2 France: Automotive Brake Friction Products Market, by Product Type
10.1.1.2.3 France: Automotive Brake Friction Products Market, by Vehicle Type
10.1.1.3 Italy: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Automotive Brake Friction Products Market, by Disc Materials
10.1.1.3.2 Italy: Automotive Brake Friction Products Market, by Product Type
10.1.1.3.3 Italy: Automotive Brake Friction Products Market, by Vehicle Type
10.1.1.4 UK: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Automotive Brake Friction Products Market, by Disc Materials
10.1.1.4.2 UK: Automotive Brake Friction Products Market, by Product Type
10.1.1.4.3 UK: Automotive Brake Friction Products Market, by Vehicle Type
10.1.1.5 Russia: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Automotive Brake Friction Products Market, by Disc Materials
10.1.1.5.2 Russia: Automotive Brake Friction Products Market, by Product Type
10.1.1.5.3 Russia: Automotive Brake Friction Products Market, by Vehicle Type
10.1.1.6 Rest of Europe: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Automotive Brake Friction Products Market, by Disc Materials
10.1.1.6.2 Rest of Europe: Automotive Brake Friction Products Market, by Product Type
10.1.1.6.3 Rest of Europe: Automotive Brake Friction Products Market, by Vehicle Type
11. Europe Automotive Brake Friction Products Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 Japan Brake Industrial Co. LTD
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Nisshinbo Holdings Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 AKEBONO BRAKE INDUSTRY CO., LTD.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Bendix Spicer Foundation Brake LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 BOSCH Auto Parts
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Carlisle Brake Friction
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Delphi Auto Parts
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 AISIN SEIKI Co.Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 MIBA AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Figures
Figure 1. Europe Automotive Brake Friction Products Market Segmentation
Figure 2. Europe Automotive Brake Friction Products Market Segmentation - By Country
Figure 3. Europe Automotive Brake Friction Products Market Overview
Figure 4. Europe Automotive Brake Friction Products Market, by Disc Materials
Figure 5. Europe Automotive Brake Friction Products Market, by Product Type
Figure 6. Europe Automotive Brake Friction Products Market, by Vehicle Type
Figure 7. Europe Automotive Brake Friction Products Market, by Country
Figure 8. Europe: PEST Analysis
Figure 9. Europe Automotive Brake Friction Products Market- Ecosystem Analysis
Figure 10. Europe Automotive Brake Friction Products Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Automotive Brake Friction Products Market Revenue Forecast and Analysis (US$ Million)
Figure 12. Europe Automotive Brake Friction Products Market, by Disc Materials (2020 and 2028)
Figure 13. Metallic: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Ceramic: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Composite: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Automotive Brake Friction Products Market, by Product Type (2020 and 2028)
Figure 17. Brake Shoes: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Brake Pad: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Brake Liner: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Brake Disc: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Drum Brake: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Automotive Brake Friction Products Market, by Vehicle Type (2020 and 2028)
Figure 23. Passenger Vehicles: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Commercial Vehicles: Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Automotive Brake Friction Products Market, by key Country- Revenue (2020) (US$ Million)
Figure 26. Europe: Automotive Brake Friction Products Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Germany: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. France: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Italy: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. UK: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Russia: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of Europe: Automotive Brake Friction Products Market - Revenue and Forecast to 2028 (US$ Million)List of Tables
Table 1. Europe Automotive Brake Friction Products Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Automotive Brake Friction Products Market Revenue Share, by Key Country (US$ Million)
Table 3. Germany: Automotive Brake Friction Products Market, by Disc Materials-Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Automotive Brake Friction Products Market, by Product Type-Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Automotive Brake Friction Products Market, by Vehicle Type-Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Automotive Brake Friction Products Market, by Disc Materials-Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Automotive Brake Friction Products Market, by Product Type-Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Automotive Brake Friction Products Market, by Vehicle Type-Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Automotive Brake Friction Products Market, by Disc Materials-Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Automotive Brake Friction Products Market, by Product Type-Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Automotive Brake Friction Products Market, by Vehicle Type-Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Automotive Brake Friction Products Market, by Disc Materials-Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Automotive Brake Friction Products Market, by Product Type-Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Automotive Brake Friction Products Market, by Vehicle Type-Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Automotive Brake Friction Products Market, by Disc Materials-Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Automotive Brake Friction Products Market, by Product Type-Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Automotive Brake Friction Products Market, by Vehicle Type-Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Automotive Brake Friction Products Market, by Disc Materials-Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Automotive Brake Friction Products Market, by Product Type-Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Automotive Brake Friction Products Market, by Vehicle Type-Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AISIN SEIKI Co.Ltd.
- AKEBONO BRAKE INDUSTRY CO., LTD
- Bendix Spicer Foundation Brake LLC
- BOSCH Auto Parts
- Carlisle Brake Friction
- Delphi Auto Parts
- Japan Brake Industrial Co. LTD
- MIBA AG
- Nisshinbo Holdings Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2133.85 Million |
| Forecasted Market Value ( USD | $ 2596.93 Million |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Europe |
