Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Worldwide Brake Friction Market Report 2021: Market Size will be Valued at USD 14.73 Mn at 5.21% CAGR Growth: Vantage Market Research

Published

on

WASHINGTON, Dec. 17, 2021 (GLOBE NEWSWIRE) — The Global Brake Friction Market size is expected to reach USD 14.73 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 5.21% during the forecast period which drives from 2021-2028. The brake friction products need to be changed regularly and periodically for better performance of vehicle and safety purposes; thus, Brake Friction Market is mainly driven by the sales of such products. The period of changing brake parts varies and depends on the usage of the vehicle. Therefore, the growth of Brake Friction Market growth be influenced by global vehicle population.

According to Organisation Internationale des Constructeurs d’Automobiles (OICA) the total number of commercial vehicles and cars produced in 2020 is 7,76,21,582 units; where 3,12,23,533 units were produced in time span of January-June. Whereas, in 2021 in time span of January to June and total number of commercial vehicles and cars produced surged to 4,03,38,546 units. Thus, increasing vehicle population across the globe is to thrive the market, states Vantage Market Research, in a report, titled, states Vantage Market Research, in a report, titled: “Brake Friction Market by Product Type (Brake Disc, Pad, Drum, Shoe, Liner), Disc Material (Metallic Disc, Ceramic Disc), Vehicle Type (Passenger Car, Lightweight Commercial Vehicle, Truck, Bus), Type (Woven, Molded), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028).” The market size stood at USD 9.81 billion in 2020.

Click Here To Access The Free Sample Report @ https://www.vantagemarketresearch.com/brake-friction-market-1093/request-sample

(The Free Sample Of This Report Is Readily Available On Request).

Our Free Sample Reports Includes:

  • In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
  • Impact Analysis 130+ Pages Research Report (Including latest research).
  • Provide chapter-wise guidance on request 2020 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
  • Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using VMR research methodology.

(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)

The Report on Brake Friction Market Highlights:

  • Global and Regional Dynamics
  • Premium Insights
  • Assessment of the market
  • Company Profiles
  • Competitive Landscape
  • COVID Impact Analysis
  • Historic Data, Estimates and Forecast

Market Overview:

Increase in Sales of Vehicles and Disposable Income

The number of sale of vehicles is increasing worldwide. Thus, the increasing sales and number of vehicles across globe is surging demand for brake parts of vehicle. Also, the changing trend towards biking and car racing is increasing the demand for advanced vehicles parts including brakes. According to OICA, the sales of vehicles from Jan-July 2020 was 3,43,24,700 and it has increased to 4,44,01,850 in January-June 2021. Thus, increasing demand for breaks and vehicles is projected to drive the Brake Friction Market growth over the forecast period of 2021-2028 with 2020 as base year.

Important questions answered in this report:

  • What is the estimated market size and growth rate of the Brake Friction Market?
  • Which segments are included in the Brake Friction Market?
  • Which top companies are active in the Brake Friction Market?
  • What are the major driving factors for the growth of the Brake Friction Market?
  • How can I get free sample reports or study of Brake Friction Market?

Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/brake-friction-market-1093

Development in Artificial Intelligence (AI) and Automotive Industries

The research and development as well as several private organizations are working tirelessly to improve the technology. Since past few years, the technology has been advanced swiftly in almost all the sectors including automobiles. Thus, automotive industries are about to set to experience several structural modifications in near future owing to swift pace of technology, rapid urbanization, and industrialization. Application of Artificial intelligence (AI) and machine learning in production will considerably transform the manufacturing process by improving the technologies such as robotics.

Advantages of this Research:

  • Evaluate market share for commercial Brake Friction market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.
  • Develop tactics and strategies to take advantage of opportunities in the Brake Friction market.
  • Latest Trends and Market Events and analyze essential events in Brake Friction market.   
  • Develop an in-depth knowledge of competition and analyze sales data to update your brand planning trackers.
  • Answer vital business questions; supports decision making in R&D to long term marketing strategies.
  • Develop economic models, forecast models, and healthcare frameworks.

Regional Analysis:

Asia Pacific Dominates the Brake Friction Market

Asia Pacific is estimated to hold the largest share for Brake Friction Market and grow at fastest compound annual growth rate (CAGR). China and Japan are the major vehicle producing countries. China is estimated to produce 55% of vehicle where and Japan is estimated to produce 20% of vehicle among all vehicle production across the globe. Increasing industrialization is increasing the demand for industrial vehicles whereas increasing urbanization is increasing demand for commercial and residential vehicles. These factors are anticipated to witness the market growth in near future and drive the market in the region.

List of Prominent Players in the Brake Friction Market:

Sr. No. Companies Headquarters
1. Robert Bosch Germany
2. AISIN CORPORATION Japan
3. Nisshinbo Holdings Inc. Japan
4. Brembo S.p.A Italy
5. Tenneco Inc. U.S.
6. ABS Friction Inc Canada
7. ANAND Group India
8. Akebono Brake Industry Co. Ltd Japan
9. ITT Inc. U.S.

Browse market data Tables and Figures spread through Pages and in-depth TOC on, “Brake Friction Market by Product Type (Brake Disc, Pad, Drum, Shoe, Liner), by Vehicle Type (Passenger Car, Lightweight Commercial Vehicle, Truck and Bus), by Type (Woven, Molded), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028).” View detailed Table of Content here – https://www.vantagemarketresearch.com/press-release/brake-friction-market-958218

Recent Developments in the Industry:

  • In March 2021 TMD Friction, introduced brake linings for new vehicle models.
  • In August 2021, Pagid Hella, which operates as an OE brand of TMD Friction, a part of Nisshinbo Holdings Inc., started offering a range of brake discs for Mercedes models.

This report provides details about prevalence, incidence, distribution of patients, and average price of treatment, market & technological trends and new product developments of Brake Friction Market.

Report Attribute Details
Market Size 2020 Value USD 9.81 Billion
Market Forecast for 2028 USD 14.73 Billion

Expected CAGR Growth

CAGR of 5.21% from 2021 to 2028
Base Year 2020
Historic Years 2016 – 2019
Forecast Years 2021 – 2028
Segments Covered Product Type

  • Brake Disc
  • Pad
  • Drum
  • Shoe
  • Liner

Disc Material

  • Metallic Disc
  • Ceramic Disc

Vehicle Type

  • Passenger Car
  • Lightweight Commercial Vehicle
  • Truck
  • Bus

Type

  • Woven
  • Molded
Quantitative Data – Units Revenue in USD Million/Billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Customization of the Report:

The report can be customized as per client needs or requirements. For any queries, you can contact us on [email protected] or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

Browse More Related Report:

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.

Contact us

Eric Kunz

6218 Georgia Avenue NW Ste 1 – 564

Washington DC 20011-5125

United States Tel: +1 202 380 9727

Email: [email protected]

Website: https://www.vantagemarketresearch.com/

Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases

Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

Published

on

xtalpi-unveils-xtalgazer:-a-comprehensive-ai-driven-polymorph-selection-platform

CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
Logo – https://mma.prnewswire.com/media/632519/XtalPi_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/xtalpi-unveils-xtalgazer-a-comprehensive-ai-driven-polymorph-selection-platform-302102794.html

Continue Reading

Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

Published

on

icis-and-base-oil-news-announce-partnership-to-enhance-market-insights

LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
Logo: https://mma.prnewswire.com/media/619935/4277787/ICIS_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/icis-and-base-oil-news-announce-partnership-to-enhance-market-insights-302102782.html

Continue Reading

Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

Published

on

trianz-welcomes-israel-abraham-as-vice-president-of-services-for-extrica.ai-–-the-data-to-ai-platform

SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
Logo: https://mma.prnewswire.com/media/626944/1199800/Trianz_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/trianz-welcomes-israel-abraham-as-vice-president-of-services-for-extricaai–the-data-to-ai-platform-302102589.html

Continue Reading

Trending