Automotive Disc Brake Market by Types (1Piston, 2piston, and Multi-Piston), Applications (Sedan and Hatchback, SUV, and Others) and Regions (North America, Latin America, Europe, Asia Pacific and, Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Automotive Disc Brake Market Outlook
The global automotive disc brake market size was valued at USD 12,138.2 Million in 2019 and is expected to expand with a CAGR of about 7.5% during the forecast period, 2020-2027. The market is expected to grow owing to an increase in consumer spending on travel and fun activities, a rise in the number of new-age vehicles along with the increasing disposable income of people in developing economies, and a surge in road tourism.
Disc brakes are required to be efficient and cost-effective and should be compatible to various types of vehicles. The main objective of the disc brakes is to provide efficient and safe breaking. A disc brake is another type of automotive brake that consists of a disc rotor that rotates along with the wheel and the stationary brake caliper assemble which is equipped with brake pads.
Disc brakes bid profits such as ideal operation without the need for additional expenditures for adjustment and cleaning, less cooling time, and overall capacity. In comparison to drum brakes, disc brakes provide better-breaking performance, as the disc is cooled instantly.
Consequently, disc brakes are less prone to brake fade caused by overheating of brake components and they recover quickly from immersion. Thus, auto manufacturers are increasingly deploying disc brakes in vehicles owing to enhanced riding experience and surging demand for safety. Disc brakes offer more controlled and shorter braking distance irrespective of the road conditions, thereby ensuring the safety of the occupants.
Automotive Disc Brake Market Dynamics
The market is driven by the factor such as increase in disposable income of consumers, rise in spending on vehicles, the surge in the manufacture of high-speed vehicles due to the increase in the popularity of road trips, and the rising young population who demand technologically updated vehicles.
However, fluctuation in the world economy is hampering the global automobile industry. Labor-related and environmental concerns in the automobile industry are restraining the growth of the global recreational automobile industry. This has hampered the global automotive disc brake market.
Whereas, the rise in demand for SUVs and Sedans are expected to drive market growth during the forecast period. This, in turn, is anticipated to create opportunities for the Global Automotive Disc Brake market. Improvements in the economy are fueling the demand for automobiles, thus creating opportunities for the automotive disc brake market.
Automotive Disc Brake Market Segmental Outlook
Based on types, the market has been segmented into 1 piston caliper, 2 piston caliper, and multi-piston caliper. The 1 piston caliper segment is projected to hold the highest market share and is expected to grow at XX% substantial CAGR during the forecast period. The twin pistons push the brake pads to apply the brake. The brake pads fit on the caliper which holds the brake system parts together. When the driver presses the brake pedal, the oil in the brake master cylinder multiplies the hydraulic force sent to the calipers; causing its piston to contract. Which makes it highly durable, safe, and popular.
In terms of applications, the Global Automotive Disc Brake Market is segmented into Sedan & Hatchback, SUV, and others. The Sedan & Hatchback segment accounts for a major market share in terms of revenue as compared to other sub-segments. As the name suggests SUV is a sports and utility vehicle it deals with the speed on open highways and also the city traffic. The increasing demand for SUV is leading to rising production and ultimately boosting demand for automotive disc brakes.
Based on regions, the global automotive disc brake market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe is expected to grow with a considerable CAGR of over 7% during the forecast period. The growth in the region can be attributed to the increase in the demand for vehicles from the growing young population in the region. Additionally, the growing popularity of disc brakes due to longer lifespan and easy access to the caliper for cleaning and maintenance is propelling the demand for the new age vehicles. This, in turn, is expected to boost the demand for Automotive Disc Brake.
The Asia Pacific region is dominating the global automotive disc brake market and is expected to continue its dominance during the forecast period. An increase in the demand for technologically advanced vehicles in various countries such as China, Indonesia, India, and, others is estimated to propel the growth of the market in the region. Besides, the strong presence of disc brake manufacturers in the Asia Pacific is another factor responsible for the market condition in the region. The market in North America is expected to flourish with a substantial CAGR owing to the popularity of technologically updated high-end vehicles in young population.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Disc Brake Market
- Historical, Current and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Automotive Disc Brake Market Performance
Video Summary for Automotive Disc Brake Market :
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Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Disc Brake Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Disc Brake Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Disc Brake Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Disc Brake Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Disc Brake Market Size & Forecast, 2017-2027
4.5.1 Automotive Disc Brake Market Size and Y-o-Y Growth
4.5.2 Automotive Disc Brake Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, Type, 2017-2027
Chapter 5 Global Automotive Disc Brake Market Analysis and Forecast Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities Type
5.1.2 Basis Point Share (BPS) Analysis Type
5.1.3 Absolute $ Opportunity Assessment Type
5.2 Automotive Disc Brake Market Size & Volume Forecast Type
5.2.1 1 piston caliper
5.2.2 2 piston caliper
5.2.3 multi- piston caliper
5.3 Market Attractiveness Analysis Type
Chapter 6 Global Automotive Disc Brake Market Analysis and Forecast Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities Application
6.1.2 Basis Point Share (BPS) Analysis Application
6.1.3 Absolute $ Opportunity Assessment Application
6.2 Automotive Disc Brake Market Size & Volume Forecast Application
6.2.1 Sedan & Hatchback
6.2.2 SUV
6.2.3 Others
6.3 Market Attractiveness Analysis Application
Chapter 7 Global Automotive Disc Brake Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Disc Brake Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Disc Brake Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Disc Brake Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Disc Brake Market Size & Volume Forecast Type
9.6.1 1 piston caliper
9.6.2 2 piston caliper
9.6.3 multi- piston caliper
9.7 Basis Point Share (BPS) Analysis Type
9.8 Absolute $ Opportunity Assessment Type
9.9 Market Attractiveness Analysis Type
9.10 North America Automotive Disc Brake Market Size & Volume Forecast Application
9.10.1 Sedan & Hatchback
9.10.2 SUV
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis Application
9.12 Absolute $ Opportunity Assessment Application
9.13 Market Attractiveness Analysis Application
Chapter 10 Europe Automotive Disc Brake Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Disc Brake Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Disc Brake Market Size & Volume Forecast Type
10.6.1 1 piston caliper
10.6.2 2 piston caliper
10.6.3 multi- piston caliper
10.7 Basis Point Share (BPS) Analysis Type
10.8 Absolute $ Opportunity Assessment Type
10.9 Market Attractiveness Analysis Type
10.10 Europe Automotive Disc Brake Market Size & Volume Forecast Application
10.10.1 Sedan & Hatchback
10.10.2 SUV
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis Application
10.12 Absolute $ Opportunity Assessment Application
10.13 Market Attractiveness Analysis Application
Chapter 11 Asia Pacific Automotive Disc Brake Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Disc Brake Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 Indonesia
11.2.7 Malaysia
11.2.8 philippinesThailand
11.2.9 Vietnam
11.2.10 South East Asia (SEA)
11.2.11 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Disc Brake Market Size & Volume Forecast Type
11.6.1 1 piston caliper
11.6.2 2 piston caliper
11.6.3 multi- piston caliper
11.7 Basis Point Share (BPS) Analysis Type
11.8 Absolute $ Opportunity Assessment Type
11.9 Market Attractiveness Analysis Type
11.10 Asia Pacific Automotive Disc Brake Market Size & Volume Forecast Application
11.10.1 Sedan & Hatchback
11.10.2 SUV
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis Application
11.12 Absolute $ Opportunity Assessment Application
11.13 Market Attractiveness Analysis Application
Chapter 12 Latin America Automotive Disc Brake Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Disc Brake Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Disc Brake Market Size & Volume Forecast Type
12.6.1 1 piston caliper
12.6.2 2 piston caliper
12.6.3 multi- piston caliper
12.7 Basis Point Share (BPS) Analysis Type
12.8 Absolute $ Opportunity Assessment Type
12.9 Market Attractiveness Analysis Type
12.10 Latin America Automotive Disc Brake Market Size & Volume Forecast Application
12.10.1 Sedan & Hatchback
12.10.2 SUV
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis Application
12.12 Absolute $ Opportunity Assessment Application
12.13 Market Attractiveness Analysis Application
Chapter 13 Middle East & Africa (MEA) Automotive Disc Brake Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Disc Brake Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 Egypt
13.2.4 GCC Countries
13.2.5 UAE
13.2.6 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Disc Brake Market Size & Volume Forecast Type
13.6.1 1 piston caliper
13.6.2 2 piston caliper
13.6.3 multi- piston caliper
13.7 Basis Point Share (BPS) Analysis Type
13.8 Absolute $ Opportunity Assessment Type
13.9 Market Attractiveness Analysis Type
13.10 Middle East & Africa (MEA) Automotive Disc Brake Market Size & Volume Forecast Application
13.10.1 Sedan & Hatchback
13.10.2 SUV
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis Application
13.12 Absolute $ Opportunity Assessment Application
13.13 Market Attractiveness Analysis Application
Chapter 14 Competition Landscape
14.1 Automotive Disc Brake Market: Competitive Dashboard
14.2 Global Automotive Disc Brake Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZF TRW
14.3.2 Continental
14.3.3 Akebono
14.3.4 Brembo
14.3.5 Aisin
14.3.6 Bosch
14.3.7 Mando
14.3.8 APG
14.3.9 Nissin Kogyo
14.3.10 Knorr-Bremse