Pune, India, August 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on th Global Automotive Disc Brake Market.
Market Overview
The latest report published by Market Research Future (MRFR) has reported healthy ascension in the global automotive disk brake market at a 6.5% CAGR between 2017-2023. The automotive disc brake market is anticipated to garner a revenue valuation of USD 15.6 billion during the forecast period owing to several factors. A rise in the adoption of carbon-ceramic brake pads is likely to foster market growth during the forecast period. Adoption of disc brakes in motorcycles is anticipated to contribute heavily to the rising demand for the same during the forecast period.
Further, a rise in the prevalence of road accidents has magnified the need for advancements in braking solutions. This, in turn, is likely to encourage manufacturers to invest in the research and developing, causing growth in the global automotive disc brake market. These market conditions are expected to present significant expansion opportunities for existing players as well as new entrants. Minimization of the stopping distance and the self-adjusting nature of disc brakes are expected to proliferate the adoption of the same during the forecast period. In addition, favorable government regulations are estimated to promote the adoption of the same during the forecast period.
Market Segmentation
The global automotive disc brake market is segmented on the basis of type, application, and region to gain better insight into the functioning of the market. Based on type, the global automotive disc brake market is segmented into floating caliper, fixed caliper, and sliding caliper. Based on application, the global automotive disc brake market is segmented into passenger vehicle and commercial vehicle.
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Detailed Regional Analysis
The global automotive disc brake market is segmented, on the basis of region, into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Among these regions, the APAC’s automotive disc brake market is expected to pose as the largest market among all regional segments. Asia Pacific is anticipated to retain its dominion over the global automotive disc brake market towards the end of the forecast period. Increased production of automobiles is one of the primary factors promoting the growth of the market. Further, the establishment of new manufacturing units by market players to capture new potential market is another factor pushing the growth of the regional automotive disc brake market. Development of inexpensive disc brakes leading to a rise in the traveling speed and poor quality roads are also encouraging a higher shift towards disc brakes in the region.
Europe is anticipated to garner the second-largest share of the global automotive disc brakes market, as per MRFR analysis. Presence of advanced automotive sector in the region is anticipated to enable market players to garner higher profits during the forecast period. In addition, the prevalence of highly developed economies and mounting per capita income is likely to have an optimistic influence on the growth trajectory undertaken by the automotive disc brake market present in the region. North America is expected to pose as another influential growth pocket in the global automotive disc brake market, positively impacting the ascension of the market on a global level.
Key Players
Some of the impactful players in the global automotive disc brake market include EBC Brakes (U.K.), Federal-Mogul Motorparts LLC. (U.S.), Knorr-Bremse AG (India), Mando Automotive India Private Limited (India), TRW Automotive (U.S.), Nissin Kogyo Co., Ltd (Japan), Haldex AB (Sweden), Akebono Brake Corporation (Japan), and Aisin Seiki Co., Ltd (Japan) and Brembo S.p.A. (Italy).
Industry Update
August 2019: Bajaj Auto recently launched new Pulsar 125 Neon in India. This model is available in two variants of brakes, viz., disc brakes and drum brakes. Further, the model also provides a 125cc DTS-I engine which provides a peak torque of 11Nm.
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Report details
| Base Year | 2019 |
| Companies Covered | 15 |
| Pages | 110 |
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