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Automotive Disc Brake Market Segmentation by Vehicle (Two-wheeler, Passenger Car, HCV, and Others); by Material (Cast Iron, Aluminum, Stainless Steel, and Others); by Brake Type (Fixed, Floating, and Sliding Caliper) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Automotive Disc Brake Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

· March 03, 2020: Accuride Corporation to launches the lightest weight trailer steel wheels for the Europe market.

· June 09, 2021: Continental AG and Censtar announced a strategic collaboration for the automotive market in China.

Global Automotive Disc Brake Market Highlights over 2022-2030

The global automotive disc brake market is estimated to garner a sizeable revenue by growing at a CAGR of ~8.5% over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to 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.

Automotive Disc Brake Market Graph

The global automotive disc brake market is segmented by material into cast iron, aluminum, stainless steel, and others, out of which, the stainless-steel segment is anticipated to hold the largest revenue share in the market during the forecast period on account of the strength and durability of this metal, as compared to others. The market is further segmented by brake type into fixed, floating, and sliding caliper, out of which, the floating brake segment is anticipated to garner a significant share over the forecast period owing to its low weight, simple functioning process, and lower manufacturing costs. CLICK TO DOWNLOAD SAMPLE REPORT

Global Automotive Disc Brake Market Regional Synopsis

Regionally, the global automotive disc brake market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America region is estimated to garner largest share over the forecast period on the back of growing automotive sector, along with the high number of road accidents. According to the data by the Association for Safe International Road Travel, (ASIRT) more than 38,000 people are killed in road crashes in the U.S. every year. The U.S. traffic fatality rate is 12.4 deaths per 100,000 individuals.

The market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period owing to the increasing manufacturing of automobiles in countries, such as, Japan and Taiwan. 

Automotive Disc Brake Market Share Image

The global automotive disc brake market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global automotive disc brake market includes the following segments:

By Vehicle

  • Two-wheeler
  • Passenger Car
  • HCV
  • Others

By Material

  • Cast Iron
  • Aluminum
  • Stainless Steel
  • Others

By Brake Type

  • Fixed
  • Floating
  • Sliding Caliper

Growth Drivers

  • Growing Safety and Security Concerns Amongst Drivers
  • Government Policies for Brake Standards in Automobiles

Challenges

  • Lack of Skilled Workers
  • High Cost of Manufacturing

Top Featured Companies Dominating the Market

  • Accuride Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Aisin Corporation
  • Haldex Brake Products Corp.
  • Continental AG
  • Brembo S.p.A.
  • EBC Brakes
  • Knorr-Bremse AG
  • Nissin Kogyo Co., Ltd.
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG

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