Aging Vehicle PARC Drives Global Demand for Automotive Brake Friction Parts in the Aftermarket
The global Automotive Aftermarket Brake Friction Parts market is projected to reach US$5.3 billion by 2024 , driven by aging vehicle parc and parallel opportunities for the aftermarket business. Though being a small part of an automobile, brake system is an essential component of a vehicle and plays an important role in its normal functioning. An efficient brake system helps the driver to keep the vehicle under control, slow it down and halt the vehicle whenever necessary by converting its kinetic energy into heat. The quality of the brake system determines overall safety of the vehicle. Brakes often utilize ‘friction’ to transform kinetic energy into heat. The brake friction part of an automobile slows down or stops a vehicle by converting kinetic energy into heat energy via friction. The friction part of a drum brake is called the brake shoe while that of disc brake is called the brake pad. In drum brake, the friction is caused when a set of brake shoes presses against inner su...