Automotive Disc Brake Market Highlights:
The major market players of the global automotive disc brake market are TRW Automotive (U.S.), Federal-Mogul Motorparts LLC. (U.S.), EBC Brakes (U.K.), Brembo S.p.A. (Italy), Haldex AB (Sweden), Knorr-Bremse AG (India), Mando Automotive India Private Limited (India), Nissin Kogyo Co., Ltd (Japan), Akebono Brake Corporation (Japan), and Aisin Seiki Co., Ltd (Japan).
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Automotive Disc Brake Market Drivers and Restraints:
Automotive disc brakes are disc brakes used in automobiles, which slow down or stop the rotation of a wheel by using calipers to squeeze brake pads, subsequently creating friction. They are sued to increase the safety and efficiency of the automobile. Disc brakes are highly beneficial since they provide optimal functions without additional expenditure for adjustment and cleaning, take less cooling time and have a higher overall capacity.
Automotive manufacturers are increasingly deploying disc brakes due to the rising demand for safety measures and enhanced consumer experience. According to Market Research Future (MRFR), the global automotive disc brake market is estimated to rise at a 6.5% CAGR during the forecast period 2017 to 2023 and is projected to reach a valuation of USD 15.6 billion by the end of 2023.
The growth in the automotive industry directly contributes to the increasing demand in the automotive disc brake market. Factors influencing the growth of the market are the growing awareness of safety measures and favorable government regulation which encourage manufacturers to invest in better technologies of disc brakes, to create lightweight disc brakes. The market is estimated to grow over the forecast period due to the growing demand for disc brakes in motorcycles and rising adoption of carbon ceramic brake pads. Additionally, the rising number of road accidents has intensified the concern for road safety and accelerated the development of advanced brakes. Road safety remains the primary concern of all manufactures and is estimated to open new opportunities in the market, subsequently contributing to the growth of the market over the forecast period.
Global Automotive Disc Brake Market Segments Analysis:
The automotive disc brake market is segmented based on type, application, and region.
Based on type, the global automotive disc brake market is segmented into the floating caliper, fixed caliper, and sliding caliper.
By application, the automotive disc brake market has been segmented into commercial vehicle, passenger vehicle, and others.
By region, the global automotive disc brake market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.
Global Automotive Disc Brake Market Regional Analysis:
North America is a major regional market for automotive disc brakes and is estimated to create substantial growth and garner high market revenue over the forecast period,
The Asia Pacific is leading the market for disc brakes and is expected to retain its dominant market share over the forecast period. The significant market growth is due to the presence of established market players, and the massive automotive sales and production in the region. There has been a substantial rise in the production of automobiles in developing countries like China and India, and this is estimated to drive the market over the forecast period, owing to the low cost of manufacturing, less labor expenditure, and safety concerns.
Europe has the second largest regional market for automotive disc brakes, owing to its advanced and established automotive sector and is estimated to create substantial growth over the forecast period. Additionally, the stable economies and increasing purchasing power due to the rise in disposable income of the consumers are expected to influence the automotive disc brake market growth during the forecast period. The demand for high-performance vehicles also drives European regional market for disc brakes.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.2 RESEARCH OBJECTIVE
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 BARGAINING POWER OF SUPPLIERS
3.1.4 THREAT OF SUBSTITUTES
3.1.5 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
LIST OF TABLES:
TABLE 1 GLOBAL AUTOMOTIVE DISC BRAKE MARKET, BY TYPE
TABLE 2 GLOBAL AUTOMOTIVE DISC BRAKE MARKET, BY APPLICATION
TABLE 3 GLOBAL AUTOMOTIVE DISC BRAKE MARKET, BY REGIONS
TABLE 4 NORTH AMERICA AUTOMOTIVE DISC BRAKE MARKET, BY TYPE
TABLE 5 NORTH AMERICA AUTOMOTIVE DISC BRAKE MARKET, BY APPLICATION
TABLE 6 U.S. AUTOMOTIVE DISC BRAKE MARKET, BY TYPE
TABLE 7 U.S. AUTOMOTIVE DISC BRAKE MARKET, BY APPLICATION
LIST OF FIGURES:
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 GLOBAL AUTOMOTIVE DISC BRAKE MARKET: BY TYPE (%)
FIGURE 3 GLOBAL AUTOMOTIVE DISC BRAKE MARKET: BY APPLICATION (%)
FIGURE 4 GLOBAL AUTOMOTIVE DISC BRAKE MARKET: BY REGION
FIGURE 5 NORTH AMERICA AUTOMOTIVE DISC BRAKE MARKET, BY TYPE (%)
FIGURE 6 NORTH AMERICA AUTOMOTIVE DISC BRAKE MARKET, BY APPLICATION (%)
FIGURE 7 EUROPE AUTOMOTIVE DISC BRAKE MARKET, BY TYPE (%)
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