Disc Brake Market (2013-2023) - Expected to Grow at a CAGR of 6.7%

The report "Brake Systems Market by Type (Disc & Drum), Electronic Brake System (ABS, TCS, ESC, & EBD), Off-Highway Vehicles (Construction & Agriculture), Vehicle Type (Passenger Car, Light & Heavy Commercial Vehicle), and Region - Global Forecast to 2023", is projected to grow at a CAGR of 6.7% during the forecast period, to reach a market size of USD 31.94 Billion by 2021. The market is driven by factors such as stringent government regulations that are reducing stopping distance and regulations encouraging vehicles to use braking technologies in order to receive five star ratings from New Car Assessment Program (NCAP).

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Factors such as technological developments in boosters and electric-mechanical systems, growing demand for higher performing vehicles, government mandate for improving vehicle safety and rise in demand for disc brake in motorcycles are driving the market growth. However, high manufacturing cost involved is expected to restrain the market growth. Further, inconsistent stopping time, uncertainty among Japanese OEMs over Brexit, stiff competition from low-cost drum brakes in budget segment cars are observed to show growth challenges to the market. Increased popularity of air disc brakes in commercial vehicles, rising adoption of carbon ceramic brake pads and growing proliferation of break-by-wire (BBW) are few trends that market will witness.

Passenger cars segment dominated the overall application market due to increase in demand from the Asia Pacific region. Light Weight Vehicle (LCV) segment is anticipated to fastest growing market owing to increasing economic trade and emphasis on safety measures. Asia Pacific is the largest market because of demand for automobiles is rising in developing countries like India, Brazil and China. Europe is the second largest market due to the presence of large automobile production facilities. North America is projected to grow significantly during the forecast period owing to high demand for luxury and high performance vehicles. Moreover, U.S and Canada represent favourable government initiatives to promote trade of automobile parts.

Types Covered:
• Opposed Piston Type
• Floating Caliper Type

Applications Covered:
• Medium & Heavy Commercial Vehicles (HCVs)
• Passenger Cars
• Light Commercial Vehicles (LCVs)

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Companies Mentioned
• Aisin Seiki Co. Ltd.
• Accuride Gunite
• Akebono Brake Industry Co. Ltd.
• Brembo SpA
• Continental AG
• EBC Brakes
• Federal-Mogul Holdings
• Haldex
• Halla Mando
• Kiriu
• Nissin Kogyo
• Sundaram Brake Linings
• TRW Automotive

Key Topics Covered:
1. Executive Summary
2. Preface
3. Market Trend Analysis
4. Porters Five Force Analysis
5. Global Automotive Disc Brake Market, By Type
6. Global Automotive Disc Brake Market, By Application
7. Global Automotive Disc Brake Market, By Geography
8. Key Developments
9. Company Profiling

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