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Global Friction Products Market 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
For more information on theGlobal Friction Products
Market 2015-2019,please mail us at
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Key Trends
Technavio’s Senior Analyst says, “The global friction products market is driven by several factors. One of the major drivers in this market is the increase in aftermarket demand for friction products. The aftermarket has emerged as an attractive revenue stream as vendors are able to command higher prices for their products. Also, the rapid growth of the automotive sector is another major driver that is propelling the demand for friction products. ”
• Friction products are used to control or stop the motion of a solid object through the application of force. Friction products are categorized into two types: Dry friction material and wet friction material. Friction products are widely used in the automotive, industrial, and aerospace sectors.
• Technavio's analysts forecast the global friction products market 2015-2019 to grow at a CAGR of 6.10% over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Friction Products Market 2015-2019
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Vendors
To understand the vendor landscape and for a full list of
vendors view our report:
Global Friction Products Market 2015-2019
Advics
Brembo
Federal-Mogul
Advics was founded in 2001 and is headquartered in Aichi, Japan. It is a subsidiary of Aisin Seiki, which designs and manufactures components and systems for the Automotive industry.
Brembo was founded in 1961 and is headquartered in Stezzano, Italy. The company designs, produces, and sells brake systems. It provides products for cars, motorcycles, commercial vehicles, racing cars, and motorbikes.
Federal-Mogul was established in 1899 and is headquartered in Michigan, US. The company mainly engages in manufacturing and supplying powertrain and vehicle safety components. It offers its products to the Original Equipment, Aerospace, Heavy-duty, Agricultural, Off-road, Marine, and Power Generation industries.
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Market Landscape
• The global friction products market is experiencing steady growth in developing countries.
• Although the market generates most of its revenue from developed countries, the market in these nations is moving toward a mature phase and the growth rate is lower than that in developing countries.
• The market is also witnessing huge demand from the automotive sector, which accounts for the largest share of market revenue.
• Many automotive manufacturers are trying to tap the potential in developing countries and aggressively setting up manufacturing facilities in countries such as India, China, and Indonesia.
• Friction product suppliers are providing friction products to automotive manufacturers and aftermarket vendors in developing nations, which are currently witnessing an increase in sales of passenger and commercial vehicles.
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Key Buying Criteria
Parameter Details
Customization Vendors need to provide tailored friction products according to end-users' requirements.
Durability Friction products must be able to perform for a long period of time.
Service Vendors need to provide aftermarket service and support to customers.
Total Cost of Ownership Vendors need to provide friction products at a reasonable cost.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Friction Products Market 2015-2019
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