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Liquid Biopsy Market Is Booming Worldwide : Myriad Genetics, Inc, BIOCEPT, Inc, Guardant Health, Inc, F. Hoffmann-La Roche Ltd, Illumina

Liquid Biopsy Market Growth, Analysis, COVID-19 Impact, and Forecast 2021-2027

This press release was orginally distributed by SBWire

London, UK — (SBWIRE) — 11/29/2021 — Companies are investing in developing new technologies for the ever-demanding automotive OEMs. Leading OEMs and constituent producers are investing heavily in R&D to develop new products in brake fabrication. For instance, Bosch has launched a new brake recording to reduce pollution due to brake dust. Severe production norms have forced important players to reduce productions and increase the fuel efficacy of a vehicle. In this endeavor, producers of brake rubbing products are focusing on reducing the weight of components and storing the energy created through the heat in the battery to increase competence.

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Global Brake Friction Product Market is projected to reach USD Billion by the upcoming year, growing at a CAGR% during the coming year owing to increasing vehicle production, growing safety concerns, stringent regulations of the government for vehicle safety, and increasing road accident. Based on product type, the brake pads are appraised to be the fastest-growing aftermarket segment, in terms of volume. Brake pads are disposed to frequent wear-and-tear, owing to factors such as overall weight of the vehicle, quality of friction material used, poor road conditions, brakes practice pattern, and high braking heaviness in case of four-wheel-drive vehicles. Thus, the frequency of replacement is high, which boosts the growth of the aftermarket segment of the brake friction products market.

Segment by Type
Brake Pad
Brake Shoe
Brake Liner

Segment by Application
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles

By Company
Robert Bosch
Aisin Seiki
Delphi Automotive
Akebono Brake
Nisshinbo Holdings
SGL Carbon

Competitive analysis
Brake pads, brake shoes, brake lining, brake rotor, and brake drum are primary products included in Brake Friction Products. Brake pads are an essential part of the disc braking system. When the brake pedal is pressed, the brake pads press against the running disc to stop its motion and brake the vehicle. The brake pads are essentially made of a material that possesses a high coefficient of friction. In train brakes and bicycle brakes, a brake shoe is used which is the part of a braking system that carries the brake lining in the drum brakes used on automobiles, or the brake block. Brake coatings form an integral part of an automotive brake system and come as a standard addition in brake shoes and pads. In a braking system, brake rotors play an important role in stopping your vehicle and it is an important component. 

Regional analysis
Countries such as China, India, Japan, the U.S., and Germany are expected to be the important demand areas, which supplements the global friction products and materials market growth. However, some countries such as Germany, Sweden, Austria, Netherlands, Denmark, Switzerland, and the U.S. have banned the use of asbestos as friction material. Such a factor is expected to hinder the growth of the global market.  

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Akash Anand
Head of Business Development & Strategy
[email protected]
Phone: +44 20 8144 2758

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Media Relations Contact

Akash Anand
Head of Business Development & Strategy
Telephone: 44 20 8144 2758
Email: Click to Email Akash Anand

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