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Automotive Disc Brake Market (Type - Opposed Piston Type Disc Brake, and Floating Caliper Type Disc Brake; Material Type - Cast Iron, Aluminum, Stainless Steel, and Others; Vehicle Type - Passenger Car, Heavy Commercial Vehicle, and Light Commercial Vehicle): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : April, 2020

  • Rep Id : AT00192

  • Category : Automotive, Aerospace & Defence

  • Status : Published

This report provides exclusive insights into the COVID-19 impact on the Automotive Disc Brake Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Automotive Disc Brake Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Automotive Disc Brake Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.

A recent report published by Infinium Global Research on automotive disc brake market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive disc brake market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive disc brake market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global automotive disc brake market. According to the report, the global automotive disc brake market is projected to grow at a CAGR of 6.4% over the forecast period of 2019-2025. 


Market insights

The brake disc is the rotating part of a wheel's disc brake assembly, against which the brake pads are applied. The material used for making automotive disk brake is typically gray iron which is a form of cast iron. The design of the discs varies as per requirement such as simply solid or hollowed out with fins. The automotive disc design helps to dissolve and absorb the generated heat and is commonly used on the more-heavily loaded front discs. Further, hydraulically actuated disc brakes are the most commonly used form of brake for motor vehicles. Additionally, the current concern over the spread of coronavirus is also expected to have an impact on the automotive disc brake market. As the COVID-19 outbreak is augmenting, global demand from the automotive and manufacturing sectors has decreased for the short term and severely affected the production. A major decline in the automotive and automobile sector will be witnessed owing to disturbed supply chain, frequent lockdown regulation by the government, and unavailability of raw materials. This virus has brought many uncertainties in sustaining the production and this is likely to remain affected for the short term. However, increasing demand for two-wheeler vehicles and car will propel the demand of the automotive disk brake market by 2021.

 

Increasing population, growing awareness about health and safety norms, and rising need for improving vehicle performance are the key driving factors for the growth of the automotive disk brake market. The increasing requirement of automotive disc brakes in passenger cars as well as commercial vehicles can be primarily attributed to the increasing safety needs along with enhanced traveling experience. Further, the benefits associated with this automotive disk brake such as low cost, friction resistance thermal stability, and favorable properties are the key contributing factor which boost the demand of automotive disk brake market. However, the availability of alternatives for automotive disk brake may hamper the demand of this market. Furthermore, Stringent government regulations for mandating vehicle safety norms and growing use of cast iron material are anticipated to boost the demand of the automotive disk brake market in the forecast period.

 

Geographically, Asia Pacific held the largest share in Automotive disc brake market in 2019. The US is a key revenue generator in Asia Pacific Automotive disc brake market. Factors such as increasing stringency in regulatory norms regarding vehicle safety and the high rate of adoption of advanced devices in the vehicle will increase demand for the Automotive disc brake market in this region. However, North America will witness a speedy growth in the market owing to rapid growing population and increasing demand for vehicles which expected to escalate the demand for the Automotive disc brake over the forecast period.

 

Segment Covered

The report on the global automotive disc brake market covers segments such as type, material type, and vehicle type. On the basis of type, the sub-markets include opposed piston type disc brake, and floating caliper type disc brake. On the basis of material type, the sub-markets include cast iron, aluminum, stainless steel, and others. On the basis of vehicle type, the sub-markets include passenger car, heavy commercial vehicle, and light commercial vehicle.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Robert Bosch GmbH, Aisin Seiki Co., Ltd, Continental AG, Brembo S.p.A. Knorr-Bremse, ZF TRW, Haldex Group, Nissin Kogyoa Co., Ltd, Mando Corporation, Federal-Mogul Motorparts LLC., and Others.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of automotive disc brake market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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