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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.
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.
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.
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.
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.
Please Choose One of them.