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[Research Report] The automotive disc brake market is expected to grow from US$ 15,485.3 million in 2021 to US$ 20,016.4 million by 2028; it is estimated to register a CAGR of 3.7% during 2021–2028.
Globally, the trend of urbanization is growing at an exponential rate, which has led to an increase in the average disposable income of the urban population, allowing them to enhance their lifestyles. The transformed lifestyles are further boosting the demand for passenger cars, thereby propelling manufacturers to uplift the production to optimally cater to customers. The production of vehicles, including passenger cars, has registered steady growth in developed and developing economies. Lowered interest rates on loans have also favored the growth of the automobile industry. The year-on-year growth rate of passenger car production has been close to 2% in the past 7–8 years.
Since the past few years, consumer behavior toward intercity and intracity transit has transformed to a new level. With the rising demand for cars globally, production has further got impacted positively, which is creating the requirement for reliable braking systems.
Impact of COVID-19 Pandemic on Automotive Disc Brake Market
The COVID-19 pandemic has negatively impacted several industries. The tremendous increase in the spread of the virus has forced governments worldwide to impose strict restrictions on movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The imposition of lockdown has resulted in a drastic decline in production and service activities. Manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities.
The COVID-19 impact on the automotive sector has led to the shutting down of assembly plants, slowdown in manufacturing processes, and disruptions in the supply chain. This has resulted in a significant drop in vehicle sales in early 2020, fueled by oil price fluctuations and economic slowdown in various regions. Despite the significant impact of COVID-19 on the automotive industry, the rise in online sales of vehicles and surge in product launches post lockdown in several countries are among the factors driving the automotive disc brake market growth.
Lucrative Regions for Automotive Disc Brake Providers
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Automotive Disc Brake Market Insights
Growing Norms for Reducing Road Fatalities Fuels Growth of Automotive Disc Brake Market
As the demand for vehicles is increasing, the regulatory mandates for making the vehicles safer are also rising, thereby leading to a surging in demand for brakes. Government bodies of countries such as India have taken steps in regulating safety-critical components within commercial vehicles and passenger vehicles, which has resulted in a growing demand for automotive disc brakes. Moreover, the rise in road accidents due to brake failure compels government bodies to introduce new norms, which would help in reducing fatalities.
Type-Based Market Insights
Based on type, the automotive disc brake market is bifurcated into opposed piston type disc brake and floating caliper type disc brake. In 2020, the floating caliper type disc brake segment accounted for a larger share in the market.
Automotive Disc Brake Market, by Type, 2020 and 2028 (%)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Material Type-Based Market Insights
Based on material type, the automotive disc brake market is segmented into cast iron, aluminum, stainless steel, and others. In 2020, the cast iron segment accounted for the largest market share.
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Automotive Disc Brake Market: Strategic Insights
Market Size Value in US$ 15,485.3 Million in 2021 Market Size Value by US$ 20,016.4 Million by 2028 Growth rate CAGR of 3.7% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Disc Brake Market: Strategic Insights
Market Size Value in | US$ 15,485.3 Million in 2021 |
Market Size Value by | US$ 20,016.4 Million by 2028 |
Growth rate | CAGR of 3.7% from 2021-2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystThe players operating in the automotive disc brake market adopt strategies such as mergers & acquisitions, and market initiatives to maintain their position in the market. A few developments by key players are listed below:
- In June 2021, Akebono Brake Corporation added front brake coverage for a variety of Lexus and Toyota vehicles in the ProACT Ultra-Premium Disc Brake Pad line. This kit also includes premium 301 stainless steel abutment hardware.
- In June 2021, EBC Brakes introduced a two-piece fully floating brake disc range, 380x30mm SG2F012 (rear) discs and the 380x34mm SG2F016 (front) discs for ‘Turbo’ and ‘Turbo S’ 991-generation Porsche 911s and the 981 Cayman GT4.
The global automotive disc brake market is segmented as follows:
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 Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Akebono Brake Industry Co., Ltd
- Nissin Kogyo Co., Ltd.
- EBC Brakes
- Hitachi Astemo Americas, Inc.
- Knorr-Bremse AG
- Haldex Group
- Mando Corporation
- Brembo S.p.A.
- ADVICS Aftermarket North America
- Hyundai Mobis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Kingdom, United States
Frequently Asked Questions
Booming production of cars and commercial vehicles and growing norms for reducing fatalities caused due to vehicle accidents is driving the growth of the automotive disc brake market.
The rising adoption of electric vehicles is anticipated to create market opportunity for the automotive disc brake market during the forecast period.
Based on type, the global automotive disc brake market is segmented into opposed piston type disc brake and floating caliper type disc brake. In 2020, the floating caliper type disc brake segment dominated the automotive disc brake market with highest market share.
In 2020, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America.
The major companies in automotive disc brake includes Akebono Brake Industry Co., Ltd; Nissin Kogyo Co., Ltd.; Brembo S.p.A.; ADVICS Aftermarket North America; and Hyundai Mobis.
Based on vehicle type, the global automotive disc brake market is segmented into passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). In 2020, the passenger vehicles segment dominated the automotive disc brake market with highest market share.
The List of Companies - Automotive Disc Brake Market
- Akebono Brake Industry Co., Ltd
- Nissin Kogyo Co., Ltd.
- EBC Brakes
- Hitachi Astemo Americas, Inc.
- Knorr-Bremse AG
- Haldex Group
- Mando Corporation
- Brembo S.p.A.
- ADVICS Aftermarket North America
- Hyundai Mobis
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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