
Middle East & Africa Automotive Brake Friction Products Market
No. of Pages: 120 | Report Code: BMIRE00025520 | Category: Automotive and Transportation
No. of Pages: 120 | Report Code: BMIRE00025520 | Category: Automotive and Transportation
Phenolic composite brake pad backing plates are 75% lighter, inert, corrosion-free, thermally insulating, and have superior damping properties required for electric vehicle braking duty cycles. Further, on March 20, 2020, NRS Brakes introduced NRS EV brake pads engineered for electric and electric-hybrid vehicles that utilize regenerative braking and friction braking for the Tesla Model 3. EVs are typically much heavier than their internal combustion engine counterparts. For instance, the additional weight of the battery packs, which can add up to 800 kg to the vehicle's weight, directly impacts the braking system's design and size. The weight gain is significant, with models such as the Mercedes-Benz EQV Luxury passenger van weighing in at over ~3 tons, while the Audi e-tron 55 SUV and several other luxury models weigh over ~2,600 kg. Therefore, several EV manufacturers are constantly engaging in research and development for developing lightweight brakes. The duty cycle of foundation brakes is being transformed by EV regenerative braking systems, with regenerative systems accounting for the majority of vehicle braking during day-to-day driving. Traditional “foundation” braking systems cannot be eliminated or removed from the vehicles as they are used as a backup braking system on EVs. The demand for foundation brakes in trucks and buses is high as these foundation brakes play a vital role in case of emergence braking; as a result, the demand for automotive brake friction products will further increase. The regenerative braking failures in BEVs (Battery Electric Vehicles) have been observed in recent years. EVs also have conventional braking systems similar to regular vehicles. Rotors, which are metal discs, are used in EVs. Because of the additional batteries, reinforced framework and suspension, and metal armor around the battery to protect it, electric cars are heavier, which leads to an increased weight of EVs; as a result, more significant and lighter foundation brakes are required. Therefore, with the growing trend toward environmental sustainability, there is a high demand for EVs, which will create numerous lucrative opportunities for the automotive brake friction products market key players.
Strategic insights for the Middle East & Africa Automotive Brake Friction Products provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Automotive Brake Friction Products refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Middle East & Africa Automotive Brake Friction Products Strategic Insights
Middle East & Africa Automotive Brake Friction Products Report Scope
Report Attribute
Details
Market size in 2021
US$ 252.22 Million
Market Size by 2028
US$ 276.63 Million
Global CAGR (2021 - 2028)
1.3%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Disc Materials
By Product Type
By Vehicle Type
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Middle East & Africa Automotive Brake Friction Products Regional Insights
The Middle East & Africa automotive brake friction products market is segmented into disc materials, product type, vehicle type, and country. Based on disc materials, the Middle East & Africa automotive brake friction products market is segmented into metallic, ceramic, and composite. In 2020, the ceramic 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 commercial vehicles segment held a larger market share. Similarly, based on country, the Middle East & Africa automotive brake friction products market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Further, South Africa 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; and Delphi Auto Part; are among the leading companies operating in the Middle East & Africa automotive brake friction products market.
The Middle East & Africa Automotive Brake Friction Products Market is valued at US$ 252.22 Million in 2021, it is projected to reach US$ 276.63 Million by 2028.
As per our report Middle East & Africa Automotive Brake Friction Products Market, the market size is valued at US$ 252.22 Million in 2021, projecting it to reach US$ 276.63 Million by 2028. This translates to a CAGR of approximately 1.3% during the forecast period.
The Middle East & Africa Automotive Brake Friction Products Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Automotive Brake Friction Products Market report:
The Middle East & Africa Automotive Brake Friction Products Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Automotive Brake Friction Products Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Automotive Brake Friction Products Market value chain can benefit from the information contained in a comprehensive market report.