TechNavio today launched its report, Global Friction Products Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The Global Friction Products market is witnessing the emerging demand for customized friction products. Many large vendors in the market are offering customized friction products to end-users based on the end-users’ specific requirements. Vendors are developing long-term contracts with end-users by providing and developing customized friction products. For instance, Brembo S.p.A. offers customized 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.”
According to the report, the Global Friction Products market is driven by the Global Automotive industry, and the market receives most of its revenue from this industry. The Automotive industry is growing at a rapid rate across the globe, especially in developing countries, which enhances the demand for friction products. In particular the demand for passenger cars is growing at a rapid rate, although the rate of growth is faster in developing countries due to increasing disposable incomes among middle-class people in these countries. Therefore, the market is experiencing higher demand from the Automotive industry in developing countries than in developed countries. The Automotive industry is expected to retain its key leading position in the market during the forecast period.
Further, the report reveals that one of the major challenges in the market is the increasing threat of low-cost products from local vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-friction-products-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Friction Products Market 2012-2016
