Automotive Disc Brake - Global Market Outlook (2016-2022)
LONDON, June 6, 2017 /PRNewswire/ -- According to Stratistics MRC, the global Automotive Disc Brake Market is expected to grow at a CAGR of 6.7% during the forecast period 2016 to 2022. Factors such as technological developments in boosters and electric-mechanical systems, growing demand for higher performing vehicles, government mandate for improving vehicle safety and rise in demand for disc brake in motorcycles are driving the market growth. However, high manufacturing cost involved is expected to restrain the market growth. Further, inconsistent stopping time, uncertainty among Japanese OEMs over Brexit, stiff competition from low-cost drum brakes in budget segment cars are observed to show growth challenges to the market. Increased popularity of air disc brakes in commercial vehicles, rising adoption of carbon ceramic brake pads and growing proliferation of break-by-wire (BBW) are few trends that market will witness.
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Passenger cars segment dominated the overall application market due to increase in demand from the Asia Pacific region. Light Weight Vehicle (LCV) segment is anticipated to fastest growing market owing to increasing economic trade and emphasis on safety measures. Asia Pacific is the largest market because of demand for automobiles is rising in developing countries like India, Brazil and China. Europe is the second largest market due to the presence of large automobile production facilities. North America is projected to grow significantly during the forecast period owing to high demand for luxury and high performance vehicles. Moreover, U.S and Canada represent favourable government initiatives to promote trade of automobile parts.
Some of the key players in global Automotive Disc Brake market are Accuride Gunite, Aisin Seiki Co. Ltd., Akebono Brake Industry Co. Ltd., Brembo SpA, Continental AG, EBC Brakes, Federal-Mogul Holdings, Haldex, Halla Mando, Kiriu, Nissin Kogyo, Sundaram Brake Linings and TRW Automotive.
Types Covered:
- Opposed Piston Type
- Floating Caliper Type
Applications Covered:
- Medium & Heavy Commercial Vehicles (HCVs)
- Passenger Cars
- Light Commercial Vehicles (LCVs)
Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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