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Automotive Disc Brake Market is anticipated to grow up to USD 21.8 billion by 2031,
New York, Global Automotive Disc Brake Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Disc Brake Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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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.
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.
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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. 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.
Therefore, with all these government initiatives regarding road accident safety, the requirement for disc brakes increases due to better-stopping performance.
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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).
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)
By Region
North America
The U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
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