According to the new research report titled “Automotive Disc Brake Market Forecast to 2028 - COVID-19 Impact and Global Analysis,” the market is expected to reach US$ 20,016.4 billion by 2028, registering a CAGR of 3.7% during 2021-2028.
APAC Automotive Disc Brake Market to Grow at Highest CAGR During Forecast Period
In APAC, India, China, South Korea, and Japan are among the world's leading vehicle manufacturers. The robuts performance of automotive industry and an increasing number of automotive manufacturers are the major factors propelling the growth of the automotive disc brake market in the region. The rapid growth of the automotive sector in APAC is attributed to expanding Indian and Chinese economies, as well as the high disposable incomes among the populace in South Korea, Japan, and other countries. To retain a broad customer base and garner more sales, car manufacturers tend to integrate cutting-edge braking solutions in their cars. As a result, the automotive disc brake market in APAC is growing owing to a strong automotive sector and rising safety concerns.
The countries in APAC region are in the process of accepting electric and environmentally friendly veehicles as a prominent means of transportation in the upcoming years. With the increase in the adoption of electric vehicles, the demand for regenerative brakes is expected to grow exponentially, which would play an influential role in boosting the production cycle of automotive disc brakes.
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, commencement of production and product launch of new cars in several countries is driving the automotive disc brake market growth.
With the continuity in the market growth, the rise in the sales of passenger cars is accelerating the development phase of the brakes market in Asia. At the same time, the regulatory mandates for making vehicles safer is another factor leading to the requirement of advanced braking systems such as anti-lock braking systems and electronic stability control. Poor braking system, along with factors such as carrying more than the permitted load, overspeeding of vehicle, and slippage, can cause accidents. This factor is creating the need for efficient brakes to ensure the safety of both occupant/s and vehicle. Due to the increase in road accidents in countries such as India and China, the demand for disc brakes is becoming more prevalent. In 2018, nearly 4.61 lakh road accidents and 1.49 lakh road fatalities were recorded in India. Meritor provides air drum brakes and disc brakes to help in reducing road accidents due to brake failure. In addition, China is promoting the adoption of disc brakes for hazardous goods carrying vehicles. This inclination to provide enhanced safety to drivers and passengers, as well as pedestrians, is expected to drive the market growth.
Reasons to Buy
APAC Automotive Disc Brake Market to Grow at Highest CAGR During Forecast Period
In APAC, India, China, South Korea, and Japan are among the world's leading vehicle manufacturers. The robuts performance of automotive industry and an increasing number of automotive manufacturers are the major factors propelling the growth of the automotive disc brake market in the region. The rapid growth of the automotive sector in APAC is attributed to expanding Indian and Chinese economies, as well as the high disposable incomes among the populace in South Korea, Japan, and other countries. To retain a broad customer base and garner more sales, car manufacturers tend to integrate cutting-edge braking solutions in their cars. As a result, the automotive disc brake market in APAC is growing owing to a strong automotive sector and rising safety concerns.
The countries in APAC region are in the process of accepting electric and environmentally friendly veehicles as a prominent means of transportation in the upcoming years. With the increase in the adoption of electric vehicles, the demand for regenerative brakes is expected to grow exponentially, which would play an influential role in boosting the production cycle of automotive disc brakes.
Impact of the COVID-19 Pandemic on the Formwork System 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, commencement of production and product launch of new cars in several countries is driving the automotive disc brake market growth.
Key Findings of Study:
With the continuity in the market growth, the rise in the sales of passenger cars is accelerating the development phase of the brakes market in Asia. At the same time, the regulatory mandates for making vehicles safer is another factor leading to the requirement of advanced braking systems such as anti-lock braking systems and electronic stability control. Poor braking system, along with factors such as carrying more than the permitted load, overspeeding of vehicle, and slippage, can cause accidents. This factor is creating the need for efficient brakes to ensure the safety of both occupant/s and vehicle. Due to the increase in road accidents in countries such as India and China, the demand for disc brakes is becoming more prevalent. In 2018, nearly 4.61 lakh road accidents and 1.49 lakh road fatalities were recorded in India. Meritor provides air drum brakes and disc brakes to help in reducing road accidents due to brake failure. In addition, China is promoting the adoption of disc brakes for hazardous goods carrying vehicles. This inclination to provide enhanced safety to drivers and passengers, as well as pedestrians, is expected to drive the market growth.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global automotive disc brake market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global automotive disc brake market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Frequently Asked Questions about the Global Automotive Disc Brake Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 154 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 15485.3 Million |
| Forecasted Market Value ( USD | $ 20016.4 Million |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
Table of Contents
1. Introduction1.1 Study Scope1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Automotive Disc Brake Market Landscape4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East and Africa - PEST Analysis
4.2.5 South America - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Automotive Disc Brake Market - Key Market Dynamics5.1 Key Market Drivers
5.1.1 Booming Production of Cars and Commercial Vehicles
5.1.2 Growing norms for reducing fatalities caused due to vehicle accidents
5.2 Key Market Restraint
5.2.1 Use of iron cast material for manufacturing disc brakes
5.3 Key Market Opportunities
5.3.1 Rising adoption of electric vehicles
5.4 Future Trends
5.4.1 Emergence of self-driving/autonomous vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Disc Brake Market - Global Analysis6.1 Automotive Disc Brake Market Global Overview
6.2 Automotive Disc Brake Market - Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. Automotive Disc Brake Market Analysis - By Type7.1 Overview
7.2 Automotive Disc Brake Market Breakdown, By Type (2020 and 2028)
7.3 Opposed Piston Type Disc Brake
7.3.1 Overview
7.3.2 Opposed Piston Type Disc Brake: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
7.4 Floating Caliper Type Disc Brake
7.4.1 Overview
7.4.2 Floating Caliper Type Disc Brake: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
8. Automotive Disc Brake Market Analysis - By Material Type8.1 Overview
8.2 Automotive Disc Brake Market Breakdown, By Material Type (2020 and 2028)
8.3 Cast Iron
8.3.1 Overview
8.3.2 Cast Iron: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
8.4 Aluminum
8.4.1 Overview
8.4.2 Aluminum: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
8.5 Stainless Steel
8.5.1 Overview
8.5.2 Stainless Steel: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
9. Automotive Disc Brake Market Analysis - By Vehicle Type9.1 Overview
9.2 Automotive Disc Brake Market Breakdown, By Vehicle Type (2020 and 2028)
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles: Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
9.4 Light Commercial Vehicles (LCVs)
9.4.1 Overview
9.4.2 Light Commercial Vehicles (LCVs): Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
9.5 Heavy Commercial Vehicles (HCVs)
9.5.1 Overview
9.5.2 Heavy Commercial Vehicles (HCVs): Automotive Disc Brake Market Revenue and Forecast to 2028 (US$ Million)
10. Automotive Disc Brake Market - Geographic Analysis10.1 Overview
10.2 North America: Automotive Disc Brake Market
10.2.1 North America: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Automotive Disc Brake Market - by Type
10.2.3 North America: Automotive Disc Brake Market - By Material Type
10.2.4 North America: Automotive Disc Brake Market - By Vehicle Type
10.2.5 North America: Automotive Disc Brake Market - by Key Country
10.2.5.1 US: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Automotive Disc Brake Market - by Type
10.2.5.1.2 US: Automotive Disc Brake Market - By Material Type
10.2.5.1.3 US: Automotive Disc Brake Market - By Vehicle Type
10.2.5.2 Canada: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Automotive Disc Brake Market - by Type
10.2.5.2.2 Canada: Automotive Disc Brake Market - By Material Type
10.2.5.2.3 Canada: Automotive Disc Brake Market - By Vehicle Type
10.2.5.3 Mexico: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Automotive Disc Brake Market - by Type
10.2.5.3.2 Mexico: Automotive Disc Brake Market - By Material Type
10.2.5.3.3 Mexico: Automotive Disc Brake Market - By Vehicle Type
10.3 Europe: Automotive Disc Brake Market
10.3.1 Europe: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Automotive Disc Brake Market - by Type
10.3.3 Europe: Automotive Disc Brake Market - By Material Type
10.3.4 Europe: Automotive Disc Brake Market - By Vehicle Type
10.3.5 Europe: Automotive Disc Brake Market - by Key Country
10.3.5.1 Germany: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Automotive Disc Brake Market - by Type
10.3.5.1.2 Germany: Automotive Disc Brake Market - By Material Type
10.3.5.1.3 Germany: Automotive Disc Brake Market - By Vehicle Type
10.3.5.2 France: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Automotive Disc Brake Market - by Type
10.3.5.2.2 France: Automotive Disc Brake Market - By Material Type
10.3.5.2.3 France: Automotive Disc Brake Market - By Vehicle Type
10.3.5.3 Italy: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Automotive Disc Brake Market - by Type
10.3.5.3.2 Italy: Automotive Disc Brake Market - By Material Type
10.3.5.3.3 Italy: Automotive Disc Brake Market - By Vehicle Type
10.3.5.4 UK: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Automotive Disc Brake Market - by Type
10.3.5.4.2 UK: Automotive Disc Brake Market - By Material Type
10.3.5.4.3 UK: Automotive Disc Brake Market - By Vehicle Type
10.3.5.5 Russia: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Automotive Disc Brake Market - by Type
10.3.5.5.2 Russia: Automotive Disc Brake Market - By Material Type
10.3.5.5.3 Russia: Automotive Disc Brake Market - By Vehicle Type
10.3.5.6 Rest of Europe: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Automotive Disc Brake Market - by Type
10.3.5.6.2 Rest of Europe: Automotive Disc Brake Market - By Material Type
10.3.5.6.3 Rest of Europe: Automotive Disc Brake Market - By Vehicle Type
10.4 APAC: Automotive Disc Brake Market
10.4.1 APAC: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Automotive Disc Brake Market - by Type
10.4.3 APAC: Automotive Disc Brake Market - By Material Type
10.4.4 APAC: Automotive Disc Brake Market - By Vehicle Type
10.4.5 APAC: Automotive Disc Brake Market - by Key Country
10.4.5.1 China: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 China: Automotive Disc Brake Market - by Type
10.4.5.1.2 China: Automotive Disc Brake Market - By Material Type
10.4.5.1.3 China: Automotive Disc Brake Market - By Vehicle Type
10.4.5.2 India: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 India: Automotive Disc Brake Market - by Type
10.4.5.2.2 India: Automotive Disc Brake Market - By Material Type
10.4.5.2.3 India: Automotive Disc Brake Market - By Vehicle Type
10.4.5.3 Japan: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 Japan: Automotive Disc Brake Market - by Type
10.4.5.3.2 Japan: Automotive Disc Brake Market - By Material Type
10.4.5.3.3 Japan: Automotive Disc Brake Market - By Vehicle Type
10.4.5.4 South Korea: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 South Korea: Automotive Disc Brake Market - by Type
10.4.5.4.2 South Korea: Automotive Disc Brake Market - By Material Type
10.4.5.4.3 South Korea: Automotive Disc Brake Market - By Vehicle Type
10.4.5.5 Rest of APAC: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 Rest of APAC: Automotive Disc Brake Market - by Type
10.4.5.5.2 Rest of APAC: Automotive Disc Brake Market - By Material Type
10.4.5.5.3 Rest of APAC: Automotive Disc Brake Market - By Vehicle Type
10.5 MEA: Automotive Disc Brake Market
10.5.1 MEA: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Automotive Disc Brake Market - by Type
10.5.3 MEA: Automotive Disc Brake Market - By Material Type
10.5.4 MEA: Automotive Disc Brake Market - By Vehicle Type
10.5.5 MEA: Automotive Disc Brake Market - by Key Country
10.5.5.1 South Africa: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Automotive Disc Brake Market - by Type
10.5.5.1.2 South Africa: Automotive Disc Brake Market - By Material Type
10.5.5.1.3 South Africa: Automotive Disc Brake Market - By Vehicle Type
10.5.5.2 Rest of MEA: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Rest of MEA: Automotive Disc Brake Market - by Type
10.5.5.2.2 Rest of MEA: Automotive Disc Brake Market - By Material Type
10.5.5.2.3 Rest of MEA: Automotive Disc Brake Market - By Vehicle Type
10.6 SAM: Automotive Disc Brake Market
10.6.1 SAM: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Automotive Disc Brake Market - by Type
10.6.3 SAM: Automotive Disc Brake Market - By Material Type
10.6.4 SAM: Automotive Disc Brake Market - By Vehicle Type
10.6.5 SAM: Automotive Disc Brake Market - by Key Country
10.6.5.1 Brazil: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Automotive Disc Brake Market - by Type
10.6.5.1.2 Brazil: Automotive Disc Brake Market - By Material Type
10.6.5.1.3 Brazil: Automotive Disc Brake Market - By Vehicle Type
10.6.5.2 Argentina: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Automotive Disc Brake Market - by Type
10.6.5.2.2 Argentina: Automotive Disc Brake Market - By Material Type
10.6.5.2.3 Argentina: Automotive Disc Brake Market - By Vehicle Type
10.6.5.3 Rest of SAM: Automotive Disc Brake Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Automotive Disc Brake Market - by Type
10.6.5.3.2 Rest of SAM: Automotive Disc Brake Market - By Material Type
10.6.5.3.3 Rest of SAM: Automotive Disc Brake Market - By Vehicle Type
11. Impact of COVID-19 Pandemic on Global Automotive Disc Brake Market11.1 Overview
11.1.1 North America: Impact Assessment of COVID-19 Pandemic
11.1.2 Europe: Impact Assessment of COVID-19 Pandemic
11.1.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.1.4 MEA: Impact Assessment of COVID-19 Pandemic
11.1.5 SAM: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles13.1 Akebono Brake Industry Co., Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Nissin Kogyo Co., Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 EBC Brakes
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hitachi Astemo Americas, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Knorr-Bremse AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Haldex Group
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Mando Corporation
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Brembo S.p.A.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 ADVICS Aftermarket North America
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Hyundai Mobis
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix14.1 About the Publisher
14.2 Word Index
Companies Mentioned
A selection of companies mentioned in this report includes:
- 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
