Multiple Opportunities Drive Global Market for Automotive Disc Brake

North America automotive disc brake market size is projected to surpass Europe over the forecast timeframe owing to high demand growth rates of luxury and high performance vehicles. Moreover, U.S. and Canada are featured with favorable government initiatives developing dedicated corridors to boost trade of automobile parts.

Europe automotive disc brake market size is expected to witness considerable growth in coming years owing to healthy economic recovery, presence of large automobile production facilities and huge demand for high performance vehicles. Due to these factors, Europe held the second largest market share in 2015. Germany and France automotive disc brake market share are the highest contributing countries in the region. Growing economic trade activities has led to increased demand for heavy weight commercial vehicles (HCV) in the region.

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Asia Pacific held the largest automotive disc brake market share is expected to continue its dominance over the forecast timeframe. Regional growth can be attributed to presence of large automobile manufacturers number in the region and rising demand for passenger and commercial vehicles with enhanced features. China, Japan, and India are the major growth contributing countries in the region. China dominates the regional industry share owing to its dominance in automobile production and large customer base. Along with healthy economic growth, the region offers economical labor force and better working conditions that enables cost saving production for manufacturers. Due to this manufactures are increasingly installing production facilities in the region is expected to positively impact the automotive disc brake market growth.

Automobile manufacturers are increasingly deploying automotive disc brake system in vehicles owing to increasing demand for safety along with enhanced riding experience. These components provide shorter and more controlled braking distance irrespective of rough terrain or slippery roads to ensure safety and enhanced riding experience. Ever increasing demand for commercial, passenger vehicles, and motorcycles along with government mandates for improving vehicle safety have significantly influenced automotive disc brake market growth.

These solutions provide benefits such as high overall capacity, less cooling time, and optimal operation without the requirement of extra expenses for cleaning and adjustment. Compared to traditional solutions, these are less susceptible to warping or brake fade with temperature thus enable optimum performance in all weather conditions. Such advanced characteristics to enhance safety are expected to fuel the overall automotive disc brake market growth.

Government initiatives to standardize braking norms for commercial and personal vehicles are anticipated to provide significant impetus to automotive disc brake market growth in key economic regions. For instance, in 2009, to minimize the gap between stopping capacity of heavy weight trucks and passenger cars National Highway Traffic Safety Administration introduced amendments in braking standards. To comply with such distinct regional standards automobile manufacturers are increasingly deploying high performance systems in vehicles.

Low-end vehicle manufacturers using traditional drum brakes over these advanced technologies owing to high cost is anticipated to present potential growth challenge to overall automotive disc brake market size. Moreover, technology drawbacks such as less customizable flexibility and stopping time inconsistency will hamper the adoption rates of these systems. This is owing to the system designs that have very closed assembly as compared to traditional cable drum systems. Minor disorientation or errors in this assembly may require tiresome service efforts or replacement of entire system.

Earlier systems faced issues such as heating, oil leaking, high disc wear rate and poor performance in wet conditions. Declining consumer motivation owing to rising fatal incidences due to inappropriate utilization and maligned image owing to poor performance of early systems is expected to present potential growth challenge to the automotive disc brake market growth.

Advancements such as good thermal conductivity, low noise, long durability, low wear rate, and steady friction disc braking systems offer a good price/benefit ratio to end users contributing to overall industry development. Moreover, automotive disc brake market is witnessing advent of advenced technological developments such as boosters and electric-mechanical systems. These advancements are expected to present potential growth avenues over the forecast timeline. For instance, Bosch and Continental introduced brake boosters that offer short activation time, around 120 milliseconds. Electric mechanical brake systems are expected to work without vacuum as the conventional energy source. Perfectly tuned software which can work with automobile assembly are required for the efficient working of electric mechanical brake systems.

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Based on applications, automotive disc brake market is segmented into passenger and commercial vehicle. Commercial vehicles can be further segmented as Light Weight Vehicle (LCV) and Heavy Weight Vehicle (HCV). Passenger vehicle segment accounted for the highest industry share is expected to dominated through 2024. LCV segment is anticipated to witness highest growth rate owing to increasing economic trade activities and emphasis on safety measures.

Key vendors in global automotive disc brake market include EBC Brakes, TRW Automotive, Hyundai Mobis, Nissin Kogyo, Haldex, Federal Mogul, Knorr-Bremse, Halla Mando, Akebono, NUCAP, and Aisin Seiki among others.

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