Automotive Disc Brake Market

• The adoption of luxury cars and the adoption of strict safety regulations is driving the market growth.

Market CAGR for automotive disc brakes is driven by the rising demand for passenger and commercial vehicles in nations like China and India. The adoption of luxury cars, strict safety regulations, and the increased use of disc brakes in commercial vehicles contribute to the market's expansion. Additionally, the lifespan of brake components is limited to a certain number of kilometers, driving up the replacement market. Participants have also incorporated strong safety systems due to worries about traffic accidents and the rising death toll.

Because of the strict safety regulations established by regulatory bodies and governments, the market for automobile brake systems will continue to expand. From 2022, the National Highway Traffic Safety Administration (NHTSA).

The increasing emphasis on vehicle safety is a primary driver of the Global Automotive Disc Brake Market Industry. Consumers are becoming more aware of the importance of advanced braking systems, which enhance safety and performance. As a result, manufacturers are investing in innovative disc brake technologies that offer improved stopping power and reliability. This trend is reflected in the projected market value, which is expected to reach 12.0 USD Billion in 2024. The integration of features such as anti-lock braking systems (ABS) and electronic stability control (ESC) further underscores the industry's commitment to safety, thereby driving demand for high-quality disc brakes.

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific automotive disc brake market area will dominate this market because of the region's access to cheap labor and raw materials; businesses can offer significant cost savings. Additionally, the automotive manufacturing industry is centered in nations like China and India. The market is anticipated to grow due to the rising popularity of automotive brake systems and increased sales of luxury and premium vehicles.

Additionally, the market is expanding as a whole due to the rise in automobile sales and the rise in accidents.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive Disc Brake Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe’s automotive disc brake market accounts for the second-largest market share. The region's highly developed automotive industry is anticipated to generate a sizable profit for the key players. Additionally, the existence of developed economies and rising per capita income are likely to drive the automotive disc brake market during the review period. Further, the German automotive disc brake market held the largest market share, and the UK automotive disc brake market was the fastest-growing market in the European region.

The North American Automotive Disc Brake Market is expected to grow fastest from 2023 to 2032. The presence of major automakers, growth in the supply of light commercial vehicles and passenger cars, and rising demand for better performance from vehicles in poor weather have all contributed to the market's expansion in this area. A further factor driving the expansion of the regional market since 2018 has been the requirement for all light cars to be equipped with ESC technology.

Moreover, U.S. automotive disc brake market held the largest market share, and the CANADA automotive brake market was the fastest-growing in North America.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the automotive disc brake market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The automotive disc brake industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global automotive disc brake industry to benefit clients and increase the market sector. The automotive disc brake industry has offered some of the most significant medical advantages in recent years.

Major automotive disc brake market players, including EBC Brakes (UK), TRW Automotive (US), Nissin Kogyo Co., Ltd (Japan), Aisin Seiki Co., Ltd (Japan), Mando Automotive India Private Limited (India), Haldex AB (Sweden), Federal-Mogul Motorparts LLC. (US), Knorr-Bremse AG (India), Akebono Brake Corporation (Japan), Brembo SpA (Italy) and others are attempting to increase market demand by investing in research and development operations.

EBC Brakes (UK), EBC Brakes, a market leader in the brake industry with a workforce of more than 400 people worldwide, is an independently owned and managed company that values its people, customers, and success. With more than 5000 part numbers for every type of moving vehicle, EBC Brakes manufactures the broadest selection of brake discs and pads worldwide. One of its two specialized UK and USA factories produce EBC Brakes. Most EBC brake discs and brake rotors are also produced in the UK.

Our product line includes brake rotors (brake discs) for all types of industrial vehicles as well as brake rotors (brake pads) for cars, trucks, and SUVs, brake pads for wind farms, and brake pads for military applications like the Humvee, various armored vehicles, and even tanks. Aramid brakes, sintered brakes, ceramic brakes, and carbon long-life brakes are some of the different brake pads manufactured. Cast iron brake rotors or brake discs for automobiles, stainless steel brake rotors for motorcycles, bicycle brake pads and bicycle brake rotors, and ATV brake pads and rotors are all available from EBC Brake.

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