Automotive Brake Rotors Market Set to Witness an Uptick during 2019 to 2029
Automotive brake rotors are flat, round piece of metal, onto which brake pads are mounted on to stop the vehicle. The automotive brake rotors form a vital part of the vehicle’s braking system and are also known as discs in the automotive terms. Automotive brake rotors have witnessed substantial enhancement in the past couple of decades, wherein the rotors are developed using advanced materials
Automotive Brake Rotors Market: Dynamics
The key driving factor of the global automotive brake rotors market comprises fast growing population, which has resulted in the growing demand for premium, as well as non-premium vehicles, across all major economies. The macroeconomic factors, such as growing urbanization, coupled with improved lifestyle and an increase in demand for safety and comfort in vehicles across many countries, is further supplementing the demand for automotive brake rotors. The momentous rise in the sales of vehicles, owing to better fuel efficiency, low emission and enhanced braking system is highly anticipated to drive the global automotive brake rotors market. Moreover, substantial development in the Asian & European automotive sector and technological advancement in traditional braking system will create a noteworthy opportunity for the global automotive brake rotors market. Furthermore, the upsurge in the demand for safety features in the automotive sector is highly anticipated to boost the demand for automotive brake rotors. All the above mentioned major influencing factors are highly expected to drive the global automotive brake rotors market over the forecast period. The key restraining factors, such as high cost of automotive brake rotors as compared to the conventional braking system and evolution of anti-braking system (ABS), may hinder the global automotive brake rotors market growth over the forecast period.
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Automotive Brake Rotors Market: Segmentation
The global automotive brake rotors market is segmented on the basis of type, sales channel, vehicle type and region.
Based on type, the global automotive brake rotors market is segmented as:
Based on sales channel, the global automotive brake rotors market is segmented as:
Based on the vehicle type, the global automotive brake rotors market is segmented as:
Hybrid Electric Vehicle
Battery Electric Vehicle
Plug-in Hybrid Electric Vehicle
Fuel Cell Electric Vehicle
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OEM sales channel in the automotive brake rotors market is estimated to account for a significant market share over the forecast period. The large scale automotive production across the globe has resulted in increased demand for automotive brake rotors at vehicle assembly level over the production unit. On the other hand, among vehicle type segment, passenger vehicles are anticipated to see rapid market growth over the forecast period, attributed to increasing vehicle production along with growing demand for passenger vehicles.
Automotive Brake Rotors Market: Regional Outlook
The global automotive brake rotors market is segmented into seven regions: North America, Europe, MEA, East Asia (Japan, China, and South Korea), South Asia (India, Thailand, Malaysia, Indonesia, Philippines, and Rest of South Asia), Oceania (Australia, New Zealand) and Latin America. Among the above-mentioned countries, East Asia is estimated to account for a significant market share due to a rise in the production of commercial and passenger vehicles in countries, such as China, Japan and South Korea. South Asia is anticipated to witness a high growth in the global automotive brake rotors market owing to the rise in sales of mid-size and compact vehicle in the region. Moreover, Middle East & Africa is projected to showcase optimistic growth in the global automotive brake rotors market due to the rise in sales of luxury vehicle across the region. Europe is one of the key maturing regions that will generate creditable opportunity in the global automotive brake rotors market over the forecast period due to the existence of significant automotive manufacturer.
Automotive Brake Rotors Market: Prominent players
Prominent players for the global automotive brake rotors market are Aisin Seiki, Brembo, Bosch, EBC Brakes, Federal-Mogul, SGL Group, Surface Transforms, Akebono Brake Industry, ATE, Baer, Centric Parts, Nakamoto, Rotora, TRW Automotive, UQuality Automotive Products, Wilwood Engineering and other key market players. The automotive brake rotors market comprises well-diversified global and regional players with global vendors dominant in the market.
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