Automotive Disc Brake Market size anticipated to cross USD 25 Billion by the end of 2035, witnessing around 7% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of automotive disc brake was USD 15 Billion.The growth of the market can be attributed to the increasing sales of luxury cars followed by rising demand for 2-wheeler vehicles. In Germany, around 19,000 luxury cars units are expected to be sold by 2027. Moreover, around 15 million two-wheelers were sold in India in FY21. The low cost of these vehicles and a rise in demand in urban and semi-urban areas are the main forces behind these increased sales.
In addition to these, factors that are believed to fuel the market growth of automotive disc brake include the increasing concerns for safety for drivers, backed by growing cases of road accidents. According to the statistics by the World Health Organization (WHO), approximately 1.35 million people die each year as a result of road accidents. Road traffic crashes cost most countries 3% of their GDP. Moreover, governments across the world are getting more apprehensive regarding the road safety measures, which in turn is estimated to generate opportunities for the market growth. By enhancing passenger, pedestrian, and cycling safety across the EU, the European Commission expects to prevent at least 140,000 serious injuries and save over 25,000 lives by 2038.
Growth Drivers
Growing Sales of Automobiles– Higher demand for vehicles is expected to drive the automotive disc brake market. Global auto sales increased to an expected 66.1 million vehicles in 2022, however, it is lower that from roughly 66.7 million vehicles in 2021. Moreover, the sales of car are expected to reach around 70 million by the end of 2023.
Rising Cases of Road Fatalities – In contrast to something like a drum brake, disc brakes offer a really strong stopping power that aids in slowing down a speeding car or assisting a car to stop as soon as possible. Fatal traffic accidents are the leading cause of mortality for children and young adults between the ages of 5 and 29. Also, an estimated 1.3 million people perish in car accidents annually.
Increasing Adoption of Luxury Automobiles – the combination of disc brakes and hydraulic brakes are highly used in all types of high-end cars. Sales of luxury vehicles reached a height of over 2,000 units in 2022, and by 2026, it is anticipated that they will be close to 202, 000 units.
Rising Implementation of Safety Standards – Owing to strict rules and regulations for automotive safety systems, the demand for disc brakes is expected to grow at it is provide better control of the braking system of the automotives. European Commission introduced the new Vehicle General Safety Regulation in to improve vehicle and road safety. The general safety rules include automated braking, lane-keeping systems, speed assistance, and reversing detection with cameras and sensors. The rules first applied on July, 2022 and are to be followed till July 2024.
Rising Interest in Road Travelling – In a post-pandemic world, road trips continue to be one of the most well-liked modes of transportation. Almost 206 million Americans are among the tourists who indicated that they would take a road trip. Moreover, around 47 million Americans, or over 20% of them, are likely to drive more than 500 miles from home.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~ USD 15 Billion |
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Forecast Year Market Size (2035) |
~ USD 25 Billion |
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Regional Scope |
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Vehicle (Two-wheeler, Passenger Car, HCV); Material (Cast Iron, Aluminum, Stainless Steel)
The global automotive disc brake market is segmented and analyzed for demand and supply by vehicle into two-wheeler, passenger car, HCV, and others. Out of the four types of vehicles, the passenger car segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rising sales of passenger vehicles in the world as disc brakes are the crucial part of passenger car accessories. Almost 3 million passenger automobiles were sold in the United States, around 56 million were sold in China, and nearly 2 million were sold in Germany in 2021. Moreover, the passenger sector dominates the vehicle type category with a 70% share.
Brake Type (Fixed, Floating, Sliding Caliper)
The global automotive disc brake market is also segmented and analyzed for demand and supply by brake type into fixed, floating, and sliding caliper. Amongst these three segments, the floating brake segment is expected to garner a significant share. Owing to the floating brake type having a very straightforward and lightweight structure, which enables cheaper production costs, floating caliper disc brakes are commonly used on passenger cars. Moreover, floating motorcycle brake rotors frequently result in more reliable and consistent braking. The growth of the floating brake segment is likely to grow on the account of greatest stopping power with relatively less force.
Our in-depth analysis of the global market includes the following segments:
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By Vehicle |
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By Material |
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By Brake Type |
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North American Market Forecast
The North American automotive disc brake market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the rising incidences of vehicle crashes. According to the National Highway Traffic Safety Administration, in 2022, 38,824 people lost their life due to motor vehicle crashes in the United States. Moreover, rising preference to road travelling is also expected to boost the market growth in the region. According to a 2,000-person survey, around 67% of men and women desire to go on a road trip after spending a year locked up at home. Furthermore, the number of Americans who have taken a road trip in the past year has increased to nine out of ten, with the majority around 75% taking more than four road trips.
APAC Market Statistics
The Asia Pacific automotive disc brake market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The market growth in the region is expected on the back of rising automotive sector in the region and rising sales of vehicle. India overtook Japan in auto sales last year, moving up to third place globally. At least around 5 million new cars were sold in the nation, surpassing Japan's nearly 4 million sales.
ZF Friedrichshafen AG launched 100 international LT series trucks with 5th generation Wabco Maxxus L2.0 air disc brakes. The MAXXUS L2.0 air disc brakes were chosen for its dependability, simplicity of maintenance, and high uptime. These disc brakes are produced in a factory in Charleston, South Carolina. With the addition of cutting-edge disc brakes to automobiles.
Akebono Brake Corporation introduced front brake coverage in the ProACT Ultra-Premium Disc Vrake Pad line for various vehicles of Toyota and Lexus. The ultra-premium disc kit also includes 301 stainless steel abutment hardware.
Author Credits: Harshita Srivastava, Saima Khursheed
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