Brake Friction Products Market Growth Strategies for Businesses
The global brake friction products market , valued at USD 10.72 billion in 2021 , is expected to expand at a compound annual growth rate (CAGR) of 4.6% , reaching approximately USD 16.06 billion by 2030 . Growth is driven by increasing vehicle production, stringent safety standards, and technological advancements in braking systems across passenger cars, commercial vehicles, and electric vehicles (EVs). Market Overview Brake friction products are essential components of vehicle braking systems, designed to generate friction against a moving surface to slow down or stop the vehicle safely . These products include brake pads, brake linings, brake shoes, and disc brake rotors , primarily used in passenger cars, commercial vehicles, and two-wheelers. The global market is fueled by rising automotive production , increased demand for advanced braking technologies , and growing awareness of vehicle safety standards . Additional...