Mechanical characteristics of functionally graded materials (FGMs) can be optimized for specific application depending onthe demands of different engineering sectors using appropriate combinations of material amounts and processing parameters. In recent years, many approaches to the production of functionally graded metal matrix composites (FGMMCs) using thecentrifugal casting method have been proposed. This paper presents an overview of different available materials and processparameters for FGMs based on their mechanical and wear characteristics. The major conclusions in this paper are drawnfrom the previous studies on experimental investigations on mechanical properties and wear characteristics of FGMMCs. The findings in current work are classified according to material parameters such as the type of matrix material, reinforcingmaterial (type, weight, and size), in addition to process parameters such as mould rotational speed and pouring temperature.