Global Automotive Disc Brake Market Size, Share, Forecast Report, 2020-2027
Advancements in the automotive industry lead to increasing demand for automotive disc brakes. Automotive disc brakes help to moderate or halt the rotation of a wheel using brake pads and increase the safety and efficiency of the vehicle. Lightweight structure and enhanced braking performance improve handling and driving performance of the vehicle. The self-adjusting nature of disk brakes, growing vehicle stopping distances, rise in number of road accidents, growing awareness of vehicle safety regulations, increasing logistics, and rising adoption of carbon-ceramic brake pads are driving the global market growth.
The global automotive disc brake market is projected to reach around USD 18 billion by 2025, growing at a CAGR of ~7% during the forecast period.
The lack of standard protocols for the development of automotive disc brake, reliability and durability of connectors, and lack of skilled worker are considered as the key factors restraining the growth of this market. However, the growing demand for high-performance vehicles and autonomous vehicles are providing growth opportunities for the global market.
Segmentation: Global Automotive Disc Brake Market
MRFR segments the global automotive disc brake market based on type, vehicle type, and region. By type, the global disc brake market has been segmented into fixed caliper, floating caliper, and sliding caliper. The factors such as good thermal conductivity, low noise, and long durability drive the growth of the fixed caliper segment in the global market. By vehicle type, the global disc brake market has been segmented into passenger car (PC), light commercial vehicle (LCV), and heavy commercial vehicle (HCV). The passenger car segment is likely to lead the market during the forecast period due to the increasing demand for floating caliper design in passenger cars due to its low weight and high-performance SUVs.
Among all the region, in 2018, the global automotive disc brake market was dominated by the Asia-Pacific, followed by Europe and North America. The market in Asia-Pacific is projected to grow at a rapid pace over the forecast period due to high sales of automobiles across the region. Furthermore, expansion of automotive OEMs in developing economies such as China and India are driving the market for automotive disc brake.
The European market is expected to register significant growth during the forecast period due to stringent vehicle safety norms, presence of large automobile production facilities, and huge demand for environment-friendly and high-performance vehicles. However, the market in North America is projected to register significant growth over the forecast period due to favorable government initiatives for the safety of vehicle and passenger. Furthermore, a stable economy, advanced technology, and a rise in demand for autonomous and environment-friendly vehicles from the US and Canada are factors likely to further boost the market growth in North America.
The major players identified by MRFR for the global automotive disc brake market are EBC Brakes (UK), TRW Automotive (US), Nissin Kogyo Co., Ltd (Japan), and 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), and Brembo SpA (Italy).