Pune, India, April 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Automotive Disc Brake Market.
Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the global automotive disc brake market is estimated to value approximately USD 18 billion by 2025, expanding at a CAGR of 7% during the review period. Development in the automotive industry has led to a growth in the demand for automotive disc brakes. The increasing usage of carbon-ceramic brake pads along with the adoption of disc brakes in motorcycles is expected to drive the growth of the automotive disc brake market in the coming time. Furthermore, the rise in the number of road mishaps has created a large demand for the advancement of breaking solutions. Safety is the priority for the competitors of the automotive disc brake market. It has opened new roads of expansion opportunities in the market. Some of the other factors delivering a role in the expansion of the market are reduction of the stopping distance, self-adjusting nature et al. Moreover, the relaxed government initiatives are the in favor of disc brake production, promotion and adoption have also helped in propelling the automotive disc brake market 2022.
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The automotive disc brakes assist to regulate the rotation of the wheel with the usage of brake pods which increases the efficiency of the vehicle. Owing to its lightweight structure and efficient braking performance improves the driving performance of the vehicle.
Market Segmentation
The automotive disc brakes market has been segregated on the grounds of the type, vehicle type, and region.
On the basis of type, the global disc brake market has been segregated into the floating caliper, fixed caliper, and sliding caper. The fixed caliper is the most successful segment due to the possession of good thermal conductivity, reduced noise, and long endurance to enhance the market.
On the basis of vehicle type, the automotive disc brake market can be divided into Heavy vehicles, light commercial vehicles, and passenger cars. Due to the low weight, and high delivery of performance, the passenger car vertical is likely to dominate the market during the review period.
On the basis of region, the automotive disc brake market is divided into Asia Pacific, Europe, North America, and the Rest of the World
Regional Analysis
On the basis of geography, the automotive disc brakes market has been segregated into Asia Pacific, Europe, and North America. The market in the Asia Pacific is estimated to expand at a robust speed during the review period owing to the high sales of automobiles across the regional market. Moreover, the growth of automotive OEMs in emerging economies such as India and China are enhancing the market and making it a more capable market for seamless expansion.
The Asia Pacific is the most potential market for automotive disc brakes. It is most likely to acquire a considerable amount of share by the end of the forecast period. The cause of growth comprises several factors like growth in the manufacture of automobiles, the installation of manufacturing units, the advancement of low-cost disc brakes, bad quality of roads, high speeding, et al.
Europe seizes the second position in the automotive disc brakes. The highly advanced automotive sector in the region is expected to produce a large amount of profit for the key players. Moreover, the existence of established economies and growing per capita income is likely to propel the automotive disc brake market during the review period. North America is a potent market and highly profitable throughout the review period.
Key Players
Some of the forefront competitors of the automotive disc brakes include Federal-Mogul Motorparts LLC. (U.S.), EBC Brakes (U.K.), Mando Automotive India Private Limited (India), Knorr-Bremse AG (India), Nissin Kogyo Co., Ltd (Japan), TRW Automotive (U.S.), Akebono Brake Corporation (Japan), Haldex AB (Sweden), and Aisin Seiki Co., Ltd (Japan) and Brembo S.p.A. (Italy).
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Report details
| Base Year | 2020 |
| Companies Covered | 15 |
| Pages | 110 |
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