TMD摩擦策略分析（2025-2030）

TMD Friction 透过先进的摩擦材料和以电动车为中心的创新，推动变革性成长，引领永续煞车技术的未来。

本报告深入分析了TMD Friction如何发展成为高性能煞车解决方案领域的全球领导者，并在原厂配套（OE）和售后市场中占据了稳固的过程。该公司的核心产品包括用于乘用车和商用车的碟式煞车和鼓式煞车衬。 TMD Friction隶属于德国知名工业集团AEQUITA SE & Co. KGaA，凭藉深厚的摩擦技术实力和多元化的全球布局，在业界享有盛誉。其产品组合还包括赛车摩擦产品（旗下拥有多个品牌）和工业应用产品（旗下拥有Cosid品牌）。

TMD Friction积极应对新兴的产业需求，包括开发无铜、低排放气体，协助实现欧盟7排放标准，并推广用于电动车再生煞车的专用摩擦材料。公司专注于永续性数位化，大力投资于材料创新、清洁製造和智慧产品开发。本研究检视了TMD Friction的核心竞争力、关键创新策略、重要合作项目以及对快速变化的市场环境的应对力。随着市场对永续的下一代煞车系统的需求日益增长，TMD Friction凭藉其雄厚的基础和战略方向，在不断发展的出行生态系统中占据有利地位，检验自身价值。

分析范围

• 本研究检验了TMD摩擦材料在汽车市场的关键商业策略。
• 本研究探讨了 TMD Friction 在全球市场的关键经营模式、收入来源、技术联盟、成长伙伴关係和市场策略。
• 本研究检验了TMD Friction的产品系列，并与市场竞争对手进行了比较分析。
• 该研究深入分析了当前和潜在的挑战以及公司应对这些挑战的策略。
• 本研究分析了TMD摩擦技术的潜在成长机会。

车辆细分市场

搭乘用车

三大战略挑战对TMD摩擦的影响

变革性大趋势

• 原因：全球加速向电动车 (EV) 转型，以及对环保材料的监管要求不断提高，带来了巨大的挑战和机会。
• 弗罗斯特的观点：这项挑战对TMD摩擦材料的长期竞争力至关重要。成功的关键在于快速的研发週期、新材料的有效商业化以及与主要OEM平台的深度整合。

压缩客户价值链

• 背景：在瞬息万变的全球汽车市场中，数位化和卓越营运对于提高效率、增强客户参与和加强供应链韧性至关重要。
• Frost 的观点：该公司目前正在实施数位化策略（例如，虚拟煞车、Tektar 虚拟学院），并实现其全球供应链流程的自动化，以提高效率和应对力。

创新经营模式

• 原因：将成长多元化，从传统的成熟市场扩展到高潜力地区和新的应用领域，对于长期收入稳定和减少对任何单一领域的依赖至关重要。
• 弗罗斯特的观点：成功取决于执行能够考虑到区域细微差别、建立强大的本地分销网络以及使产品和营销适应多样化的竞争环境和消费者偏好的战略。

主要竞争对手

• OEM
  • Robert Bosch GmbH
  • ZF Aftermarket (TRW)
  • Tenneco (Federal-Mogul)
  • ITT Corporation
  • MAT Holdings
  • Hitachi
  • Nisshinbo
  • Sangsin Brake
  • ADVICS
  • Shandong Gold Phoenix
  • GM (ACDelco)
  • Brake Parts Inc
  • BorgWarner (Delphi)
  • Fras-leAkebono
  • Continental (ATE)
  • Brembo
• 煞车/摩擦系统
  • Brembo
  • Ferodo
  • ABS Friction
  • Raicam
• 专业/工业
  • Cook
  • ProTec
  • CECO
  • ALL Frictions
  • American Friction
• 其他汽车相关企业
  • Centric
  • ZF
  • Aptiv
  • Hella Pagid
  • EBC

竞争环境

• 竞争对手数量
  • 15家或更多竞争对手
• 竞争因素
  • 品质、覆盖范围、创新性、价格、可靠性、品牌、地理性
• 主要终端用户产业
  • 乘用车、商用车、赛车和高性能车辆、工业车辆
• 主要竞争对手
  • 罗伯特博世有限公司、采埃孚售后市场（TRW）、天纳克（辉门）、ITT、MAT控股、日立、日清纺、ADVICS、布雷博、ABS摩擦材料、博格华纳（德尔福）
• 前五大公司营收份额（2024 年）
  • 38％
• 其他主要竞争对手
  • ABS Friction（加拿大）、Fras-Le（巴西）、Sangsin Brake（韩国）、山东金凤凰（中国）、Brake Parts Inc.
• 流通结构
  • 售后批发经销商、原厂备品、赛车队、车队
• 重大收购与合併
  • 2025 年 7 月 1 日，TMD 将其工业摩擦材料部门（包括 COSID®）出售给了 INNO FRICTION GmbH。

成长驱动因素

• 全球排放气体法规日益严格（欧盟7国标准、北美法规）：对煞车颗粒物排放的更严格规定推动了OEM厂商对无铜、低粉尘、环保垫片的需求。 TMD在绿色配方研发方面的优势使其成为首选合作伙伴。
• 电动车的普及推动了平台转型：电气化正在改变煞车循环，对材料提出了低噪音、耐腐蚀和热稳定性的要求。 TMD 针对电动车的创新产品与 OEM 向再生煞车和混合煞车系统的转型趋势相契合。
• 以ESG主导的筹资策略：主要OEM厂商正在将环境、社会和管治（ESG）指标纳入供应商选择流程。 TMD的循环经济措施（例如，再生背板、环保垫片）提升了我们在永续性发展为导向的采购环境中的吸引力。
• 新兴市场售后市场的正规化：都市区车辆密度不断增加，安全标准日益严格，促使售后市场公司转向品牌认证零件，从而增加了对 TMD 成熟的产品可靠性和供应链的需求。

成长限制因素

• 价格竞争加剧：售后市场面临来自现有竞争对手和新低成本参与企业的巨大价格压力，这可能会降低公司的利润率。
• 资本密集研发与规模化：开发无铜、降噪、高效能的垫片需要大量的研发投资和初步试验基础设施，这可能会限制对新需求趋势的反应灵活性。
• 供应链中断：不可预测的全球物流、地缘政治不稳定和材料短缺可能会延迟生产、降低客户满意度并限製成长目标。
• 电气化/电动车渗透率：电动车市场份额不断增长，再生煞车系统减少了对传统摩擦产品的需求，这可能会对 TMD Friction 等煞车摩擦材料供应商构成威胁。

目录

调查范围

战略要务

• 为什么成长变得越来越困难
• 策略要务
• 三大策略要务对TMD摩擦的影响

TMD摩擦的策略分析：生态系统

• 竞争环境
• 主要竞争对手

成长驱动因素

• 成长驱动因素
• 成长限制因素

成长环境

• 重点总结
• TMD摩擦：制动产品系列分析
• SWOT分析
• TMD Friction：2024 年收入分析
• TMD摩擦的现况及未来展望
• TMD摩擦：未来成长机会

TMD Friction：公司简介

• TMD摩擦：概述
• TMD摩擦：演变
• TMD摩擦：所有权结构与管治
• 组织结构
• TMD摩擦：目的
• TMD Friction：全球影响力与创新中心
• 核心业务部门
• TMD摩擦：售后市场品牌组合
• 产品映射分析

TMD摩擦：市场及竞争格局分析

• TMD摩擦：市场状况
• TMD Friction：2024 年收入分析
• TMD摩擦：区域分析
• 竞争格局
• 比较分析：TMD摩擦与竞争

TMD摩擦：商务策略分析

• TMD摩擦的主要挑战
• 多品牌策略与市场细分
• 关键创新策略
• 策略支援和关键合作
• 电气化战略
• 策略市场定位与持久优势

发展机会

• 成长机会1：加速高潜力区域市场的成长
• 成长机会2：拓展至多元化的工业应用领域
• 成长机会3：探索用于下一代交通运输的永续摩擦材料

附录与后续步骤

TMD Friction is Driving Transformational Growth through Advanced Friction Materials and EV-Centric Innovation to Lead the Future of Sustainable Braking

This profiling study highlights TMD Friction's evolution as a global leader in high-performance braking solutions, with a stronghold across the OE and aftermarket segments. The company's primary offerings encompass disc brake products and drum brake linings for both passenger vehicle and commercial vehicle segments. Backed by the trusted German industrial group, AEQUITA SE & Co. KGaA, TMD Friction brings together deep friction expertise with a diversified global presence. Additionally, its portfolio includes friction products for racing under different brands and industrial applications under the Cosid brand.

TMD Friction proactively addresses emerging industry needs by developing copper-free and low-emission pads, contributing to Euro 7 standards, and advancing EV-specific friction materials for regenerative braking. With the emphasis on sustainability and digitalization, the company invests heavily in materials innovation, clean manufacturing, and smart product development. This study examines TMD Friction's core capabilities, key innovation strategies, notable collaborations, and responsiveness to rapidly changing market conditions. As demand grows for sustainable and next-generation braking systems, TMD Friction's strong foundation and strategic direction position it well to capture value across the evolving mobility ecosystem.

Scope of Analysis

• This study investigates TMD Friction's key business strategies in the automotive market.
• The study explores TMD Friction's key business models, revenue streams, technology partnerships, growth partnerships, and market strategies in the global market.
• The research examines TMD Friction's product portfolio and provides a comparative analysis with market competitors.
• The study contains an in-depth analysis of current and potential challenges and the company's strategies for handling those challenges.
• The study analyzes potential growth opportunities for TMD Friction.

Vehicle Segments

Passenger vehicles

The Impact of the Top 3 Strategic Imperatives on TMD Friction

Transformative Megatrends

• Why: The accelerating global shift toward electric vehicles (EVs) and increasing regulatory demands for eco-friendly materials present both significant challenges and critical opportunities.
• Frost Perspective: This imperative is paramount for TMD Friction's long-term competitive viability. Success hinges on agile R&D cycles, effective commercialization of new materials, and securing deep integration with key original equipment manufacturer (OEM) platforms.

Customer Value Chain Compression

• Why: Digitalization and operational excellence are fundamental to enhancing efficiency, improving customer engagement, and strengthening supply chain resilience in a dynamic global automotive market.
• Frost Perspective: The company is in the process of implementing digitization strategies (e.g., virtual brake sets, Tektar Virtual Academy) and automating global supply chain processes for efficiency and responsiveness.

Innovative Business Models

• Why: Diversifying growth beyond traditional and mature markets into high-potential regions and new applications is vital for long-term revenue stability and reducing reliance on specific segments.
• Frost Perspective: Success will depend on executing nuanced regional strategies, building strong local distribution networks, and adapting products and marketing to varied competitive landscapes and consumer preferences.

Key Competitors

• OEMs
  • Robert Bosch GmbH
  • ZF Aftermarket (TRW)
  • Tenneco (Federal-Mogul)
  • ITT Corporation
  • MAT Holdings
  • Hitachi
  • Nisshinbo
  • Sangsin Brake
  • ADVICS
  • Shandong Gold Phoenix
  • GM (ACDelco)
  • Brake Parts Inc
  • BorgWarner (Delphi)
  • Fras-leAkebono
  • Continental (ATE)
  • Brembo
• Brake/Friction Systems
  • Brembo
  • Ferodo
  • ABS Friction
  • Raicam
• Specialized/Industrial
  • Cook
  • ProTec
  • CECO
  • ALL Frictions
  • American Friction
• Other Automotive Players
  • Centric
  • ZF
  • Aptiv
  • Hella Pagid
  • EBC

Competitive Environment

• Number of Competitors
  • 15+ competitors
• Competitive Factors
  • Quality, coverage, innovation, price, reliability, brand, locality
• Key End-User Industry Verticals
  • Passenger vehicles, commercial vehicles, racing and high performance vehicles, industrial applications
• Leading Competitors
  • Robert Bosch GmbH, ZF Aftermarket (TRW), Tenneco (Federal-Mogul), ITT, MAT Holdings, Hitachi, Nisshinbo, ADVICS, Brembo, ABS Friction, and BorgWarner (Delphi)*
• Revenue Share of Top 5 Competitors (2024)
  • 38%
• Other Notable Competitors
  • ABS Friction (Canada), Fras-Le (Brazil), Sangsin Brake (Korea), Shandong Gold Phoenix (China), and Brake Parts Inc
• Distribution Structure
  • Wholesale aftermarket distributors, OEM spares, racing teams, fleets
• Notable Acquisitions and Mergers
  • On 1 July 2025, TMD sold its Industrial Friction Materials division (including COSID(R)) to INNO FRICTION GmbH.

Growth Drivers

• Tightening Global Emission Norms (EU7, NA Regulations): Regulatory crackdowns on particulate emissions from brakes are accelerating OEM demand for copper-free, low-dust, and eco-compliant pads. TMD's R&D edge in green formulations positions it as a preferred partner.
• EV Penetration Driving Platform Shifts: Electrification is disrupting brake load cycles, requiring low-noise, corrosion-resistant, and thermally stable materials. TMD's EV-centric product innovation aligns with OEM shifts toward regenerative and hybrid braking systems.
• ESG-driven Procurement Strategies: Major OEMs are embedding environmental, social, and governance (ESG) metrics into their supplier selection processes. TMD's circularity initiatives (e.g., recycled backing plates, eco pads) enhance its appeal in an increasingly sustainability-driven procurement environment.
• Aftermarket Formalization in Emerging Markets: With increasing urban fleet density and tightening safety standards, aftermarket players are shifting toward branded, certified components-boosting demand for TMD's established product reliability and reach.

Growth Restraints

• Intensifying Price Competition: The aftermarket sector faces aggressive pricing pressures from both established competitors and low-cost new entrants that could erode company profit margins.
• CapEx-intensive R&D & Scaling: Development of copper-free, noise-reducing, and high-performance pads requires significant R&D investment and pilot testing infrastructure, which may constrain agility in responding to new demand trends.
• Supply Chain Disruptions: Unpredictable global logistics, geopolitical instability, and material shortages can delay production, impact customer satisfaction, and hinder growth objectives.
• Electrification/EV Adoption: The increasing market share of EVs reduces demand for traditional friction products due to regenerative braking systems, which could be a threat to brake friction suppliers such as TMD Friction.

Table of Contents

Research Scope

• Scope of Analysis

Strategic Imperatives

• Why Is It Increasingly Difficult to Grow?
• The Strategic Imperative 8
• The Impact of the Top 3 Strategic Imperatives on TMD Friction

Strategic Analysis of TMD Friction: Ecosystem

• Competitive Environment
• Key Competitors

Growth Generator

• Growth Drivers
• Growth Restraints

Growth Environment

• Key Takeaways
• TMD Friction: Braking Products Portfolio Analysis
• SWOT Analysis
• TMD Friction: 2024 Revenue Analysis
• Current vs Future Outlook of TMD Friction
• TMD Friction: Future Growth Opportunities

TMD Friction: Company Overview

• TMD Friction: Introduction
• TMD Friction: Evolution
• TMD Friction: Ownership Structure and Governance
• Organizational Structure
• TMD Friction: Purpose
• TMD Friction: Global Reach and Innovation Hubs
• Core Business Segments
• TMD Friction: Aftermarket Brand Portfolio
• Product Mapping Analysis

TMD Friction: Market and Competitive Landscape Analysis

• TMD Friction: Market Landscape
• TMD Friction: 2024 Revenue Analysis
• TMD Friction: Regional Analysis
• Competitive Landscape
• Comparative Analysis: TMD Friction and Competitors

TMD Friction: Business Strategy Analysis

• Key Challenges for TMD Friction
• Multi-Brand Strategy and Market Segmentation
• Key Innovations Strategy
• Strategic Backing and Key Collaborations
• Electrification Strategy
• Strategic Market Positioning and Durable Advantages

Growth Opportunity Universe

• Growth Opportunity 1: Accelerating Growth in High-Potential Geographic Markets
• Growth Opportunity 2: Expanding into Diverse Industrial Applications
• Growth Opportunity 3: Exploring Sustainable Friction Materials for Next-Generation Mobility

Appendix & Next Steps

• Benefits and Impacts of Growth Opportunities
• Next Steps
• List of Exhibits
• Legal Disclaimer