Automotive Disc Brake Market Extent
Automotive
Disc Brake Market is
projected to grow from USD 11.24 Billion in 2023 to USD 19.30 Billion by 2032, exhibiting
a compound annual growth rate (CAGR) of 7.00% By 2032, the worldwide market
for vehicle disc brakes is expected to grow to a value of around USD 19.30
billion.
The
Automotive Disc Brake Market has been a critical component in ensuring safety
and performance in modern vehicles. Disc brakes, known for their efficiency in
dissipating heat and providing reliable stopping power, have become a standard
feature in the automotive industry. As the demand for enhanced safety and
braking precision continues to grow, the market for automotive disc brakes has
seen steady expansion.
One of the key
factors driving the growth of the Automotive Disc Brake Market is the
increasing adoption of disc brakes over traditional drum brakes. Disc brakes
offer better heat dissipation, improved responsiveness, and reduced stopping
distances, making them a preferred choice for both passenger and commercial
vehicles. Additionally, advancements in materials and manufacturing
technologies have led to the development of lightweight and high-performance
disc brake systems, contributing to fuel efficiency and overall vehicle
performance.
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As automotive
safety standards become more stringent globally, the Automotive Disc Brake
Market is expected to further evolve. Innovations such as electronic brake
force distribution (EBD), regenerative braking systems, and the integration of
disc brakes with advanced driver assistance systems (ADAS) are anticipated to
shape the future of this market, reinforcing its crucial role in ensuring the
safety and efficiency of vehicles on the road.
Over
the projection period, a compound annual growth rate of 7% is anticipated. The COVID-19
pandemic has disrupted the supply chain owing to restricted movement orders and
concerns over ban on components from China. The plummeting demand for
commercial vehicles and changes in consumer behavior can negatively affect the
market.
However, lack of protocols
and standards for production and shortage of skilled workers can hamper the
market growth.
How big is the Automotive Disc Brake market?
The market is driven by a number of factors, including:
- Increasing
demand for passenger and commercial vehicles
- Stringent
safety regulations
- Adoption of
high-end and luxury cars
- Growing adoption
of air disc brakes in commercial vehicles
The market is segmented by type, vehicle type, and region. By type, the
market is divided into disc brakes and drum brakes. The disc brake segment is
expected to grow at a faster CAGR during the forecast period due to its
advantages over drum brakes, such as better performance, efficiency, and range.
By vehicle type, the market is divided into passenger cars, commercial
vehicles, and two-wheelers. The passenger car segment is expected to hold the
largest market share during the forecast period due to the increasing demand
for passenger cars.
By region, the market is divided into North America, Europe, Asia
Pacific, Latin America, and the Middle East & Africa. Asia Pacific is
expected to be the fastest-growing market during the forecast period due to the
increasing demand for passenger and commercial vehicles in the region.
The key players in the global Automotive Disc Brake market include:
- Continental
AG
- Robert
Bosch GmbH
- ZF
Friedrichshafen AG
- Brembo
S.p.A.
- Akebono
Brake Corporation
- Nisshinbo
Brake Inc.
- Hitachi
Automotive Systems Ltd.
- Denso
Corporation
- Valeo SA
- Wabco
Holdings Inc.
- Knorr-Bremse
AG
- TRW
Automotive Inc.
The global Automotive Disc Brake market is expected to grow steadily in
the coming years, driven by the factors mentioned above. The market is also
expected to benefit from the increasing adoption of new technologies in the Automotive
Disc Brake industry, such as electronic stability control (ESC) and anti-lock
braking systems (ABS).
The worldwide automobile disc brake market size that examines the industry's
drivers, obstacles, and potential for future innovations. A thorough analysis
is conducted on the COVID-19 epidemic and its effects on the industry. With
automotive disc brakes, pads are squeezed against a disc using calipers to
create friction and lower speeds. Worldwide safety precautions and mishaps may
lead to a demand for these parts on a worldwide scale.
What is disc
brake in automobile?
A disc brakes in
an automobile is a type of brake that uses a caliper to squeeze a pair of brake
pads against a disc or rotor to slow down or stop the vehicle. Disc brakes are
more effective than drum brakes at stopping a vehicle and are less likely to
overheat.
Disc brakes are
made up of the following components:
- Brake rotor: The brake
rotor is a metal disc that is attached to the wheel hub.
- Brake caliper: The brake
caliper is a metal housing that contains the brake pads.
- Brake pads: The brake
pads are made of a friction material that clamps down on the brake rotor
when the brakes are applied.
- Brake pistons: The brake
pistons are located inside the brake caliper and are responsible for
squeezing the brake pads against the brake rotor.
When the driver
presses the brake pedal, hydraulic fluid is pumped from the brake master
cylinder to the brake calipers. The hydraulic fluid pushes the brake pistons
against the brake pads, which clamp down on the brake rotor and slow down or
stop the vehicle.
Disc brakes are
used on most modern automobiles, both on the front and rear wheels. They are
also used on motorcycles, bicycles, and other vehicles.
Disc brakes
offer a number of advantages over drum brakes, including:
- Superior stopping
power: Disc brakes are more effective at stopping a vehicle than drum
brakes. This is because disc brakes have a larger surface area and can
apply more friction to the brake rotor.
- Reduced risk of
overheating: Disc brakes are less likely to overheat than drum
brakes. This is because disc brakes have more air circulation and can
dissipate heat more easily.
- Longer service life: Disc
brakes typically last longer than drum brakes. This is because disc brakes
are less prone to wear and tear.
Segmentation
By type, the global disc
brake market has been segmented into fixed caliper, floating caliper, and
sliding caliper. The fixed caliper segment can dominate in the global market
owing to features of long durability, good thermal conductivity, and low noise.
By vehicle type, the global
disc brake market has been segmented into light commercial vehicle (LCV),
passenger car (PC), and heavy commercial vehicle (HCV). The passenger car
segment is likely to lead the market during the forecast period due to the
increasing demand for floating caliper designs to be integrated passenger cars
due to its low weight and high-performance SUVs.
Regional Analysis
Among all regions, in 2018,
the global automotive disc brake market was dominated by the Asia Pacific
(APAC), followed by Europe and North America. The market in APAC is projected
to grow at a rapid pace over the forecast period due to high sales of
automobiles across the region. Furthermore, expansion of automotive OEMs in
developing economies of China and India are driving the market for automotive
disc brakes. The durability and low maintenance of the brakes can further the
market demand effectively.
The European automotive disc
brake market is expected to register significant growth during the forecast
period due to stringent vehicle safety norms, presence of large automobile
production facilities, and huge demand for environment-friendly and
high-performance vehicles.
However, the market in North
America is projected to register significant growth over the forecast period
due to favorable government initiatives for safety of vehicles and passengers.
The high sales of luxury and passenger cars can influence the market demand in
the region. Furthermore, a stable economy, advanced technology, and rising
demand for autonomous and environment-friendly vehicles from the U.S. and
Canada are likely to further boost the market growth for automotive disc brakes
in North America. In addition, the long lifespan of ceramic disc brakes in
comparison with cast iron brakes can boost the market growth.
What Is The Car
Disc Brake Caliper?
Car disc brake
calipers are an important part of your car's braking system. They are
responsible for squeezing the brake pads against the brake rotors to slow down
or stop your car. Disc brake calipers are typically made of aluminum or cast
iron and are located on each wheel.
Disc brake
calipers come in a variety of sizes and types, depending on the make and model
of your car. Some calipers are fixed, meaning that they do not move when the
brakes are applied. Other calipers are floating, meaning that they move
slightly when the brakes are applied. This helps to ensure that the brake pads
are evenly applied to the brake rotors.
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