Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Associations, Services and Universities
LeftNav
Automotive Industry
LeftNav
Design & Manufacturing Services
LeftNav
Education, Training and Professional Services
LeftNav
Electrical Components
LeftNav
Electronic Components
LeftNav
Energy
LeftNav
Fastening and Joining
LeftNav
Laboratory Equipment
LeftNav
Machine Building & Automation
LeftNav
Maintenance, Repair and Overhaul (MRO)
LeftNav
Materials & Processes
LeftNav
Materials Processing and Machine Tools
LeftNav
Mechanical Components
LeftNav
Packaging
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
 
News

Friction Products: Nisshinbo dominating with a 15% value share

Companiesandmarkets : 23 March, 2013  (Special Report)
The friction products market has been forecast to hit a value of US$18.78 billion by 2016, driven by an increase in demand from the automotive industry and the increase in demand for customised products.

Numerous approaches based on composite materials, mechanical means and electronic controls are used to stop movement by converting the kinetic energy into various other forms of energy - which are mostly lost and never recovered.

Over the last few years, the friction products market has undergone significant changes, both as a result of the 2008-2009 recession and continuing economic difficulties in most of the developed markets, and the growth of customer industries in the emerging markets, particularly China and India.

Many large vendors in the market are offering customised friction products to end-users based on specific requirements.

For instance, Brembo SpA offers customised products to key leading automotive original equipment manufacturers (OEMs). It creates a competitive edge for Brembo in the market and helps to maintain long-term contracts with OEMs.

The friction market worldwide is estimated to be about $10 billion in revenues. There is no worldwide player commanding more than 20% of the market. This is mainly attributed to the lack of globalisation in the industry. There is still a significant divide between the western (U.S. and Europe) and eastern (mainly Japanese) companies with no major collaborations.

Recently, Nisshinbo has acquired TMD and this is the biggest step in this direction. However, even with the acquisition, their market share is only about 15% globally.

While the global recession has exacerbated the difficulties facing the industry, including increased competition in North America and Western Europe due to overcapacity, mature demand, and other factors, during the next 5 years, cyclical recovery will figure prominently in the environment for friction products.

Key players currently dominating the friction products market include Nisshinbo Brake, Federal Mogul, ITT and Brembo SpA.

Friction Products Market

Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProManufacturingZone.com
Netgains Logo