2012-09-21 20:39:28 - Global friction market largest player is Nisshinbo, post acquiring TMD

The global friction market is characterised by no single player reporting a larger share than 20% of the global revenue. The largest player represents Nisshinbo having recently acquired TMD. In 2012, Nishinbo has a global market share of 15% in the global friction market. The lack of globalisation in the friction market and the divide between the western or US, European-based companies and eastern, mainly Japanese companies has resulted in a relatively low level of integration and collaborations within the friction industry.The global friction market is forecast to be valued at US$10 billion in 2012. One of the largest friction market sectors is the passenger car segment with the second largest sector being associated with commercial vehicles. For commercial vehicles

 

 

the friction products most widely used are drum brakes with linings in North America and Asia whilst disc pad brakes are more widely common in Europe.The price of the friction component is a fraction of the cost compared to the overall braking system and vehicle. The friction material manufacturers often have close ties with the brake system manufacturer due to the stringent tests employed and system of checks and balances. Vehicle manufacturers have an increasing set of technical benchmarks which need to be met.The top ten largest friction manufacturers globally are: Advics; Akebono Brake Industry Co., Ltd; Brembo S P A; Carlisle Brake & Friction; Federal Mogul Corporation; Fras-Le S A; Honeywell Corporation; Itt; Japan Brake Industrial Co. Ltd and Nisshinbo BrakesFor more information on the global friction market, see the latest research: Global Friction Market ReportFollow us on Twitter @CandMResearch

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