The automotive disc brake market size is projected to reach US$ 23,200.81 million by 2031 from US$ 16,789.44 million in 2023. The market is expected to register a CAGR of 4.1% during 2023–2031. Increasing adoption of the self-driving autonomous vehicles across the globe are likely to remain key trends in the market. The self-driving cars are gaining traction across the developed countries such as the US, Canada, Germany, and UK. Rising penetration of the connected vehicles and adoption of the self-driving cars across the globe is key driving factor in the market.

Automotive Disc Brake Market Analysis

The key stakeholders in the global automotive disc brake market ecosystem include hardware/component providers, automotive disc brake manufacturers, standards & regulatory framing bodies, and end users. Component/hardware providers provide various components/parts/raw materials to disc brake manufacturers for manufacturing of the end-product. Brake pads, bleeder screw, calipers, rotors, and hardware.  In addition to the key ecosystem players, there are several other peripheral stakeholders involved in the market which play a crucial role in enabling the growth and technology advancements related to automotive disc brake. The rising number of road accidents due to vehicle is creating need for safety regulations which is encouraging the need for for braking system rules and road safety. Some of these stakeholders include government agencies, industry associations, technology standards organizations, and regulatory bodies among many others growth of global automotive disc brake market. The major end-users of the automotive disc brake market include passenger cars and commercial vehicles

Automotive Disc Brake Market Overview

The disc brake is made up with cast iron, aluminum, stainless steel, and many more. Some of the key market players/manufacturers in the global automotive disc brake market includes Thermo Fisher Scientific Inc., Brembo S.P.A, Continental AG, Knorr-Bremse Group, and Robert Bosch GmbH among many others. Automotive disc brakes are majorly utilized in passenger cars, however, owing to their stable performance at resistance to brake and higher speeds, they are getting spread into a commercial vehicle segment. In commercial vehicles, drum brakes are getting replaced with disc brakes as they provide higher quality and longer service life. Companies such as Akebono also offers disc brakes.

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.

Get 10% FREE CUSTOMIZATION

Automotive Disc Brake Market: Strategic Insights

Automotive Disc Brake Market

• 
  CAGR (2023 - 2031)

  4.1%
• Market Size 2023
  US$ 16,789.44 Million
• Market Size 2031
  US$ 23,200.81 Million

Market Dynamics

GROWTH DRIVERS

• Growing Norms for Reducing Fatalities Caused due to Vehicle Accidents

FUTURE TRENDS

• Increased sale of electric vehicles across the globe drives the market growth

OPPORTUNITIES

• Emergence of Self-Driving/Autonomous Vehicles

Key Players

• Brembo S.p.A.
• Continental AG
• Delphi Technologies (BorgWarner Inc.)
• EBC Brakes
• Haldex Group
• Hitachi Automotive Systems Americas
• Inc.
• Knorr-Bremse AG
• Robert Bosch GmbH
• WABCO Holdings Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Opposed Piston Type Disc Brake and Floating Caliper Type Disc Brake

Material Type

• Cast Iron
• Aluminum
• Stainless Steel

Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Automotive Disc Brake Market Drivers and Opportunities

Growing Norms for Reducing Fatalities Caused due to Vehicle Accidents

The rising sales of both passenger cars and commercial vehicles is fostering the brakes market growth globally. The increasing demand for vehicles is positively impacting the production cycle of the same across the globe. As the demand for vehicles is increasing, the formation of regulatory mandates for making the vehicles safer is rising. This is leading to a surge in demand for brakes. The penetration of anti-lock braking system and electronic stability control is expanding. Therefore, government bodies of countries such as India, have taken a step in regulating safety critical components within commercial vehicles and passenger vehicles, which has resulted into a rise in demand for anti-lock braking systems.

Emergence of Self-Driving/Autonomous Vehicles

Auto manufacturers and tech companies are involved in the development of sophisticated technologies that enable automobiles to drive themselves. In the race of testing self-driving vehicles, Google is leading the race, followed by Audi, Toyota, and Mercedes-Benz. Moreover, the Institute of Electrical and Electronics Engineers (IEEE) foresees that the self-driving vehicles will approximately account for up to 75% of vehicles on the road by 2040. The self-driving car industry is anticipated to benefit the development cycle of braking technologies. In addition to the rising emergence of self-driving vehicles, changing government regulations and collaborations are some of the major trends which would support transforming the automotive industry. Due to government regulations made for the safety of drivers and passengers, there are at least 47 cities globally that are piloting self-driving cars in the current scenario. With the emergence of self-driving/autonomous vehicles, the market for braking systems will continue to evolve.

Automotive Disc Brake Market Report Segmentation Analysis

Key segments that contributed to the derivation of the automotive disc brake market analysis are type, material type, and vehicle type.

• Based on type, the market is opposed piston type disc brake, and floating caliper type disc brake. Among these, floating caliper type disc brake has a largest share in 2023, owing to increased adoption in the passenger cars.
• Depending upon the material type, the market is divided into cast iron, aluminium, stainless steel, and others. Among these, aluminium is expected to have largest share in 2023, this is owing to its lightweight and higher reliability.
• Based on vehicle type, the market is divided into passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). Among these, passenger vehicles has a largest share in 2023, this is owing to increased passenger cars sale across the globe. According to the International Energy Agency, the passenger cars sale reached to 65.27 million in 2023, increased from 58.2 million units in 2022. Such, rapid growth in the sale of the passenger cars have created massive demand for the automotive disc brake market during the forecast period.

Automotive Disc Brake Market Share Analysis by Geography

The geographic scope of the automotive disc brake market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific is expected ti have largest share in 2023, this is owing to increased automotive component production across China, India and Japan. These countries are investing ample amount in the automotive component production to meet growing demand for the new vehicles across the globe. According to the International Energy Agency, the Asia Pacific region’s automotive production reached to 51.8 million in 2023 increased by 10% year-on-year. The robust automotive production occurs in India, China and Japan. Such, growth in the automotive production in Asia Pacific region drives the automotive disc brake market growth during the forecast period.

Automotive Disc Brake Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Automotive Disc Brake Market News and Recent Developments

The automotive disc brake market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive disc brake market are listed below:

• ADVICS, the leader in advanced braking technology and member of the AISIN Group of companies, is expanding its brake rotor product line by adding approximately 28 million to its vehicle in operation (VIO) axle coverage. Each of the 67 brake rotors are certified high-carbon and fully coated, offering premium protection against rust and corrosion. (Source ADVICS News-letter, October 2022)

• ZF Aftermarket continues its expansion in India and the country becomes a hub for TRW's shock absorber manufacturing expertise through its manufacturing facility in the region. ZF Aftermarket made significant strides in expanding its product and solutions range for the Indian market by introducing TRW shock absorbers, brake pads, and brake discs. In line with its ‘Make in India’ for India commitment, ZF is now focused on fortifying its TRW shock absorber manufacturing capabilities in India, with a focus on cultivating a highly skilled talent pool to not only manufacture but also research, develop, and design in the country. (Source: ZF Friedrichshafen AG Newsletter, February 2024)

Automotive Disc Brake Market Report Coverage and Deliverables

The “Automotive Disc Brake Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Automotive disc brake market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Automotive disc brake market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Automotive disc brake market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive disc brake market
• Detailed company profiles