PUNE, India, August 19, 2016 /PRNewswire/ --

The report "Brakes Market for Friction Products by OE (Brake Pad, Shoe, Liner, Disc, and Drum), Aftermarket (Pad, Shoe, and Liner), Market Type (OES and IAM), Vehicle Type (PC, LCV, and HCV), Two-Wheeler OE Market by Friction Products, and by Region - Global Forecast to 2021", The Brake Friction Products Original Equipment Market is projected to reach USD 38.96 Billion by 2021, growing at a CAGR of 7.68%, from 2016 to 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 85 market data Tables and 54 Figures spread through 163 Pages and in-depth TOC on "Brakes Market"

http://www.marketsandmarkets.com/Market-Reports/automotive-brake-friction-product-market-35416213.html

Early buyers will receive 10% customization on this report. 

This market is driven by factors such as increasing vehicle production and progressively stringent stopping regulations. Alternatively, the brake friction products aftermarket is fueled by factors such as growing vehicle parc and increasing average age of vehicles.

Brake Pads: Largest aftermarket segment 

According to OICA publications, passenger cars constituted the largest market segment in terms of vehicle production, sales, and parc in 2015. Stopping regulations are becoming increasingly stringent; for instance, in the U.K., the stopping distance for a car running at a speed of 20 mph is 12 meters, which doubles with every 10 mph increase in the driving speed. This has resulted in disc brakes becoming a key component in passenger cars, and has subsequently boosted the demand for disc brake components, primarily brake pads.

IAM to be the fastest growing aftermarket segment 

The independent aftermarket (IAM) is projected to grow at the highest CAGR, in terms of value, during the forecast period, owing to factors such as lower pricing, dominance of local players in terms of supply chain, and average component life similar to genuine products. Buying counterfeit products is a key trend in developing countries in the Asian region. The IAM acts as a major hurdle to the growth of the original equipment supplier (OES) market.

Asia-Oceania: Largest regional original equipment market 

Asia-Oceania is estimated to account for the largest market share, in terms of both, value and volume. Factors such as low production cost, easy availability of economical labor, lenient emission and safety norms, and government initiatives for foreign direct investments (FDIs) have led to the region witnessing higher growth than the matured markets of Europe and North America. Key brake friction product-manufacturing companies such as Aisin Seiki Co. Ltd.  (Japan) and Akebono Brake Corporation (Japan) have a strong presence in Asia-Oceania.

Make an Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=35416213

The Brake Friction Products Market report covers various established brake friction product manufacturers. Major players include Robert Bosch GmbH (Germany), Aisin Seiki Co., Ltd. (Japan), Delphi Automotive LLP (U.K.), Federal-Mogul Corporation (U.S.), and Brembo S.p.A. (Italy).

Browse related reports: 

Brake System Market by Application (PC, LCV, HCV, Off-Highway, Wagon, Locomotive, and RTV), Type (Disc and Drum), Technology (ABS, TCS, ESC, and EBD), Rolling Stock and Locomotive (Air, EP, ECP, and others), and Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/automotive-brake-system-market-1070.html

X-by-Wire Systems Market by System Type [Shift-by-Wire, Throttle-by-Wire, Active Suspension (Suspension-by-Wire), Electronic Park Brake (Park-by-Wire), Fly-by-Wire & Other-by-Wire Technologies], by Vehicle Type (Passenger & Commercial) & by Geography - Global Market Trends & Forecast to 2014 to 2019
http://www.marketsandmarkets.com/Market-Reports/x-by-wire-technology-market-203011579.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets 
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets