Press release
Automotive Disc Brake Industry showing impressive growth during forecast period 2021-2031 - Akebono Brake Industry Co., Ltd., EBC Brakes
Automotive Disc Brake Market
An automotive disc brake is one of the types of brake that consists of a disc rotor that rotates together with the wheel and a fixed brake caliper that is equipped with brake pads. Disc brakes offer several advantages, including optimal operation without the need for additional expenses for adjustment & cleaning, overall capacity, and less cooling time.
To Remain 'Ahead' Of Your Competitors, Request for A Sample -https://www.globalinsightservices.com/request-sample/GIS23222
Disc brakes offer better-stopping performance than drum brakes, as the disc is cooled readily. Further, disc brakes provide a more controlled and shorter braking distance irrespective of the road conditions, thereby ensuring the safety of the occupants.
Market Drivers and Trends
As the demand for automobiles is surging, the regulatory mandates for making automobiles safer are also increasing, thereby leading to a surge in demand for disc brakes. Several countries, such as India, have regulated safety-critical components within commercial and passenger vehicles, resulting in a rising demand for automotive disc brakes. For instance, as per Ministry of Road Transport and Highways (Government of India) data, The Government of India is deeply concerned about the growth in the number of road accidents, injuries, and fatalities in recent years.
Read More Report of Automotive Disc Brake Market: https://www.globalinsightservices.com/reports/automotive-disc-brake-market/
It recognizes that road accidents have now become a major public health issue, and the victims are mainly the poor and vulnerable road users. Further, the government is taking steps to ensure that safety features are built-in at the stage of design, manufacture, usage, operation, and maintenance of both motorized and non-motorized vehicles in line with international standards and practices to minimize adverse safety and environmental effects of vehicle operation on road users (including pedestrians and bicyclists) and infrastructure.
Moreover, the rise in road accidents due to brake failure compels government bodies to introduce new norms, which would help reduce fatalities. As per an article published by The Print, in January 2022, over 29,000 road accidents were reported, and 13,346 people died in these incidents in Maharashtra in 2021. And due to this, the Indian union minister for Road Transport and Highways has approved the Draft GSR Notification to introduce Bharat NCAP (New Car Assessment Program), wherein automobiles in India shall be accorded Star Ratings based upon their performance in Crash Tests.
Get A Customized Scope to Match, Your Need Ask an Expert -https://www.globalinsightservices.com/request-customization/GIS23222
Global Automotive Disc Brake Market Segmentation
By Type
Opposed Piston Type Disc Brake
Floating Caliper Type Disc Brake
By Material Type
Cast Iron
Aluminum
Stainless Steel
Others
By Vehicle Type
Passenger Vehicles
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Major Players in the Global Automotive Disc Brake Market
The key players studied in the global Automotive Disc Brake market are Akebono Brake Industry Co., Ltd. (Japan); EBC Brakes (UK); Hitachi Astemo, Ltd. (Japan); Knorr-Bremse AG (Germany); Haldex Group (Sweden); Mando Corporation (South Korea); Brembo S.p.A. (Italy); Hyundai Mobis (South Korea); Robert Bosch GmbH (Germany); ZF Friedrichshafen AG (Germany); Roulunds Braking ApS (Denmark); and DuraBrake Co., LLC (US).
For In-Depth Competitive Analysis, Purchase this Report -https://www.globalinsightservices.com/checkout/single_user/GIS23222
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Disc Brake Industry showing impressive growth during forecast period 2021-2031 - Akebono Brake Industry Co., Ltd., EBC Brakes here
News-ID: 2967600 • Views: …
More Releases from Global Insight Services
Compounding Pharmacy Market to Hit $46.1 Billion by 2034, Expanding at 6.9% CAGR …
Market Overview
Compounding Pharmacy Market is becoming an essential part of the global healthcare system, offering customized medications tailored to meet specific patient needs. Unlike mass-produced drugs, compounded medicines are created by pharmacists who adjust dosages, combine active ingredients, or design unique delivery methods. This approach addresses important gaps in healthcare, such as accommodating allergies to certain excipients, offering alternative drug forms for pediatric or geriatric patients, and providing treatments for…
Digital PCR Market Size to Reach $37.1 Billion by 2034, Rising at 11.6% CAGR | K …
Market Overview
Digital PCR Market is emerging as a transformative force in molecular diagnostics, offering unparalleled precision in quantifying nucleic acids. Unlike traditional PCR methods, digital PCR provides higher sensitivity and accuracy, making it vital in fields such as oncology, infectious disease research, and forensic science. With its ability to detect rare mutations and monitor disease progression, digital PCR is paving the way for innovations in personalized medicine. The market includes…
Carbon Footprint Management Market Expected to Grow from $13.8 Billion in 2024 t …
The Carbon Footprint Management Market is witnessing remarkable growth, reflecting the global shift toward sustainability and environmental responsibility. This market focuses on solutions, services, and technologies designed to measure, monitor, and reduce carbon emissions across multiple industries. It includes carbon accounting software, lifecycle assessment tools, consulting services, and advanced technologies like carbon capture and storage. Organizations increasingly rely on these solutions to meet regulatory compliance, achieve sustainability targets, and enhance…
Breastfeeding Nutrition Market Expected to Grow from $50.9 Billion in 2024 to $1 …
The Breastfeeding Nutrition Market is witnessing remarkable growth, fueled by rising awareness of maternal and infant health worldwide. This market encompasses a diverse range of products, including infant formula, lactation supplements, breastfeeding accessories, and fortified foods, designed to enhance breast milk quality and maternal nutrition. With increasing emphasis on scientifically backed nutrition and natural ingredients, the market plays a crucial role in supporting the well-being of both mothers and infants.…
More Releases for Brake
Brake Repair Service: A Reliable Solution for Mobile Brake Services
When it comes to maintaining the performance and safety of your vehicle, brake systems are among the most critical components. Whether you're a truck driver or a fleet manager, ensuring your brakes are in optimal condition is a priority. Fortunately, finding a reliable Brake Repair Service [https://mobilebrakerepairtn.com/#:~:text=Brake%20Repair%20Service] provider has never been easier, thanks to mobile brake services that bring convenience and professionalism right to your location.
Mobile Brake Services: Convenient, Efficient,…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake 2020-2027
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and initiatives of new car…
Aircraft Brake System : Power Brake, Boosted Brake, and Independent Brake 2021-2 …
The global aircraft brake system market was valued at $10.52 billion in 2020, and is projected to reach $16.95 billion in 2030, registering a CAGR of 5.2%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake…
Aircraft Brake System Market : Power Brake, Boosted Brake, and Independent Brake …
The global aircraft brake system market generated $10.52 billion in 2020, and is anticipated to reach $16.95 billion in 2030, manifesting a CAGR of 5.2%.
Increase in air passenger traffic in the world and rise in operations in the commercial aviation sector are expected to fuel the global aircraft brake system market. On the other hand, strict regulatory conditions create hindrances to market growth. On the contrary, usage of advanced…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global Brake System Industry estimated $41.62 billion in 2019, and is expected to hit $61.20 billion by 2027, witnessing a CAGR of 7.0% from 2020 to 2027.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Covid-19 Scenario-
The covid-19 outbreak has immensely affected the industry, as most of the original equipment manufacturers (OEM) have kept the production of brake systems on hold.
The supply chain management has been disrupted resulting in shortage of raw materials. The…
Brake System Market : Disc Brake, Drum Brake, Hydrostatic Brake, Hydraulic Wet B …
The global brake system industry was valued at $41.62 billion in 2019, and is projected to reach $61.20 billion by 2027, registering a CAGR of 7.0%. The report provides a detailed analysis of changing market dynamics, top investment pockets, major winning strategies, key segments, and competitive scenarios.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/1024
Growth in production & sales of commercial vehicles and off-highway trucks, rise in stringency of automotive active safety regulations, and…
