In the world economic growth, the Automotive Disc Brake industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Automotive Disc Brake market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Automotive Disc Brake market size will be further expanded, we expect that by 2024, The market size of the Automotive Disc Brake will reach XXX million $.
Overview
An automotive disc brake is an innovative type of braking system that makes use of the pistons of the brakes for the friction-reducing friction necessary to slow a rotary motion. This action reduces the rotation speed of a moving shaft, including a car engine, both to hold it steady or to reduce its total rotational speed. These systems are now used on many newer cars and trucks worldwide. They are especially popular in European cars since their design makes use of much less space than the drums of traditional drums. The global automotive disc brake market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global automotive disc brake market growth over the forecast period, owing to the impact of the new car assessment program on electronic brake systems.
Market Drivers
Implementation of stringent automotive active safety regulations is expected to drive growth of the global automotive disc brake market during the forecast period. For instance, in April 2018, the Regional Transport Offices (RTO) in Maharashtra, India announced that all new two-wheelers manufactured from April 2018 are required to be fitted with an advanced braking system with existing two-wheelers to get a disc brake system before the start of the next financial year. Hence, these factors are expected to drive growth of the global automotive disc brake market during the forecast period. Furthermore, impact of the new car assessment program on electronic brake systems is expected to propel the global automotive disc brake market growth over the forecast period.
Market Restraints
High development cost associated with electronic disc brake systems is expected to hinder the global automotive disc brake market growth over the forecast period.
Regional Insights
Among regions, Europe is expected to witness significant growth in the global automotive disc brake market during the forecast period, owing to the presence of stringent vehicle safety norms in the region. Furthermore, North America is expected to register a robust growth rate, owing to favorable government initiatives for the safety of vehicles and passengers.
Competitive Section
Major companies involved in the global automotive disc brake market are Haldex, ZF TRW, Wabco, Continental, Knorr-Bremse, Akebono Brake, Nissin Kogyo, Brembo, Mando, and Aisin Seiki.
For instance, in April 2021, Haldex AB, a Swedish manufacturer of disc brakes, formed a joint venture with FAST Group to produce and sell air disc brakes (ADB) including aftersales services for trucks and bus.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
ZF TRW
Continental
Akebono Brake
Brembo
Aisin Seiki
Mando
Nissin Kogyo
Knorr-Bremse
Wabco
Haldex
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Opposed Piston Type
Floating Caliper Type
Industry Segmentation
Sedan
SUV
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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