ID: MRFR/AM/2652-HCR | 110 Pages | Published By Swapnil Palwe on March 2023
Automotive Disc Brake Market size is expected to develop at a CAGR of about 7% during the forecast timeframe, reaching about USD 18 billion by 2025
According to the latest research report, the automotive disc brake market size is expected to develop at a CAGR of about 7% during the forecast timeframe, reaching about USD 18 billion by 2025. The braking system market is likely to be driven by aspects such as strict safety laws, the acceptance of high-end and luxury automobiles, and the increased acceptance of air disc brakes in commercial vehicles.
Automobile disc brakes are becoming more popular due to recent advances in the automotive sector. Brake pads slow or stop wheel spinning when utilizing automotive disc brakes, increasing both safety and economy. A lighter chassis and better brakes may achieve a more agile and responsive automobile. Rising vehicle stopping lengths, an increase in the frequency of car crashes, a heightened recognition of vehicle safety procedures, and an increase in transportation contribute to the worldwide market's development.
This report contains all the information on the global automotive disc brake market analysis and the market strengths. The report also includes the culmination of dynamics, segmentation, key players, regional analysis, and other essential factors. And a detailed analysis of the global automotive disc brake market forecast to 2030 is also included in the report.
Automakers worldwide suffered a massive setback in 2020 when the COVID-19 epidemic impacted product sales. The increasing penetration of driverless cars and other technological advances, on the other hand, will keep the deployment of automobile disc brakes increasing steadily until 2021. It's also expected that the lowering upfront prices of electric vehicles, an increase in charging stations, and the introduction of mobility services like MaaS would provide an ideal environment for automotive disc brake market growth up to 2030.
The worldwide automobile disc brakes market value is fueled by increased recognition of safety standards, leading to a growing need for more muscular braking systems. In addition, strict government restrictions, especially in industrialized nations like the United States, are boosting the worldwide market's development.
In recent years, significant technology breakthroughs like boosters and electric-mechanical systems have begun to appear on markets worldwide. The vehicle disc brakes industry is expected to benefit from such advances between 2022 and 2030 when they become available.
Electronic and mechanical systems are intricately intertwined in modern brake technology. Brake assist systems (ABS) are more costly since they need additional features like sensors, valves, pumps, and controllers. The cost of implementing ESC and EBD has risen as they have been integrated with ABS. All mentioned above are the major restraint of the global automotive disc brake market outlook.
Any time the anti-lock braking system (ABS) detects a problem, a warning light illuminates the dashboard, alerting the driver. The module seldom malfunctions, although sensors or connections to sensors are often the problems. Due to metal shavings and dirt, ABS malfunctions are the most prevalent. When the sensor wire gets destroyed, there is no longer any signal continuity. The hydraulic unit cannot work correctly when brake fluid becomes polluted in corrosive situations.
With the introduction of autonomous sudden braking in all EU cars in May 2022, the European automobile air disc brake sector is moving quickly. Drivers must comply with stringent automotive brake testing requirements to ensure safe stopping in routine and emergencies. The commercial vehicle industry has begun to substitute drum brakes with all these systems because of the better product steadiness at incredible velocities and greatly improved resilience to brake fade.
According to the reports, the worldwide automotive disc brake market has three distinct segments: type, vehicle type, and geographic location. Fixed caliper, floating calliper, and sliding calliper are the three main types of disc brakes in the worldwide market. The worldwide market for fixed calipers is growing because of minimal noise, superior thermal resistance, and extended service life. According to the type of vehicle, the worldwide disc brake industry has been split into the categories of light commercial, passenger, and heavy commercial vehicles. The passenger vehicle segment is expected to dominate the business during the projection timeframe, owing to the rising need for floating caliper designs in passenger vehicles, which consumers favor due to its low weight and high-efficiency SUVs.
The market is segmented based on vehicle type and geographic location. The global automotive disc brake market trend is expected to witness decent growth during the forecast period.
The market is segmented into Fixed calliper, floating calliper, and sliding calliper based on the application.
The market is segmented into light commercial vehicles, passenger vehicles, and heavy commercial vehicles based on the propulsion types.
According to the reports, based on region, the global automotive disc brake market is divided into North America, Europe, Asia Pacific, and the rest of the world. In 2018, Asia-Pacific, Europe, and North America were the top three regions for the worldwide automobile disc brake market. Automobile sales in the Asia-Pacific area are expected to expand rapidly throughout the projection period. There is also a strong push in the automobile disc brakes market share from the rise of automakers in emerging markets like India and China.
This increase is likely to be fueled by severe car safety regulations, massive automotive manufacturing facilities, and the great demand for environmentally friendly automobiles in Europe. It is expected that North America's automotive and safety regulation industry would develop significantly during the projection period due to favorable government efforts. As a result, the North American market for self-driving and eco-friendly automobiles is expected to increase rapidly in the coming years.
Additionally, the research provides a strategic review of leading industry participants, including examining their market positions, product portfolio, finances, and other business-related data. Due to the existence of several providers, the market looks to be very competitive. Because of this, the leading companies in the industry are always looking to innovate and produce new products to keep up with the competition.
The following report comprises of –
Continental and Knorr-Bremse formed a cooperation in July 2019 to develop automated platooning for commercial vehicles with high levels of automation. With this Platooning Demonstrator, the collaboration partners demonstrate the autonomous driving functionalities they may build in conjunction with car manufacturers. This covers the creation of platoons, travelling together, using the automatic braking function, departing by personal cars, and safely dismantling the whole platoon in a safe manner.
Based on Brake Type, the market has been segmented as follows:
Based on Technology, the market has been segmented as follows:
Based on Vehicle Type, the market has been segmented as follows:
Based on Actuation, the market has been segmented as follows:
Based on Off-highway Brake Type, the market has been segmented as follows:
Based on Off-highway Application, the market has been segmented as follows:
Based on region, the market has been segmented as follows:
|CAGR||7% CAGR (2022 to 2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type and Vehicle Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||EBC Brakes (UK), Nissin Kogyo Co., Ltd (Japan), TRW Automotive (US), Aisin Seiki Co., Ltd (Japan), Haldex AB (Sweden), Mando Automotive India Private Limited (India), Federal-Mogul Motorparts LLC. (US), Akebono Brake Corporation (Japan), Knorr-Bremse AG (India), and Brembo SpA (Italy)|
|Key Market Opportunities||Increase the safety and efficiency of the vehicle|
|Key Market Drivers||Rising implementation of vehicle safety norms|
By type, the segments of the automotive disc brake market are floating, fixed, and sliding caliper.
The automotive disc brake market is assessed to register 7% CAGR.
The valuation of the automotive disc brake market is expected to be USD 18 Bn by 2025.
Rising implementation of vehicle safety norms is expected to drive the growth of the Europe market.
The major players of the automotive disc brake market are EBC Brakes (UK), Nissin Kogyo Co., Ltd (Japan), TRW Automotive (US), Aisin Seiki Co., Ltd (Japan), Haldex AB (Sweden), Mando Automotive India Private Limited (India), Federal-Mogul Motorparts LLC. (US), Akebono Brake Corporation (Japan), Knorr-Bremse AG (India), and Brembo SpA (Italy).