Press release
Automotive Brake Disc Market To Hit USD 20 Billion By 2030, Growing At 7.51% CAGR
Global Automotive Brake Disc Market Size
Market Overview
Automotive brake discs are critical components that provide safe, efficient, and controlled braking performance across a wide range of vehicles. They are widely adopted in passenger cars, commercial vehicles, motorcycles, and scooters, ensuring enhanced road safety and compliance with global automotive safety regulations. With increasing demand for high-speed, luxury, and fuel-efficient vehicles, the adoption of advanced brake disc systems is expected to surge worldwide.
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Key Insights
Market valuation: USD 11 billion in 2022 → USD 20 billion by 2030
CAGR: 7.51% from 2023-2030
Floating caliper segment expected to register the highest CAGR
Passenger cars held the dominant market share in 2022
Europe contributed around 55% of global revenue in 2022, while North America is expected to witness the fastest growth
Growth Drivers
Rising Production of High-Speed & Luxury Vehicles: Demand for performance-oriented and luxury cars drives advanced brake disc adoption.
Growing Road Safety Regulations: Governments worldwide are enforcing strict safety norms, pushing OEMs to integrate efficient braking systems.
Youth Preference for Advanced Vehicles: Increasing vehicle ownership among younger demographics boosts demand for upgraded braking systems.
New Product Launches: In April 2023, ZF Aftermarket launched new TRW brake discs, pads, and shock absorbers in India to strengthen its portfolio.
Restraints
Fluctuating Raw Material Costs: Price volatility of steel and alloys used in brake discs impacts production economics.
Rising Emission Concerns: Manufacturing processes may contribute to environmental challenges, leading to stricter regulations.
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Opportunities
Emerging Economies: Rapid automotive production in China, India, and Southeast Asia opens new growth opportunities.
Shift Toward EVs: Electric vehicles demand lightweight, high-performance braking solutions, creating new market potential.
Challenges
Stringent Compliance Regulations: Safety and environmental rules may increase R&D costs and slow new product development.
Regional Analysis
Europe dominated the global market in 2022, accounting for 55% of revenue, led by Germany, France, and the UK, home to major automotive OEMs.
North America is projected to grow at the fastest pace due to high adoption of passenger and light commercial vehicles in the US and Canada.
Asia Pacific remains a key growth hub with rising automotive demand, supported by expanding middle-class populations and increased vehicle ownership.
Competitive Landscape
Key players shaping the global market include:
Brembo, Kiriu, Continental AG, Aisin Seiki, TEXTAR, ZF TRW, Remsa, AC Delco, Bosch, EBC Brakes, Winhere, Lpr Brake, and Accuride Gunite.
These companies are investing in lightweight materials, advanced caliper technology, and strategic global expansions to meet evolving demand.
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