The global automotive disc brake market was valued at USD 15.5 billion in 2021 and it is anticipated to grow up to USD 21.8 billion by 2031, at a CAGR of 3.5% during the forecast period.
An automotive disc brake is one of the types of brake that consists of a disc rotor that rotates together with the wheel and a fixed brake caliper that is equipped with brake pads. Disc brakes offer several advantages, including optimal operation without the need for additional expenses for adjustment & cleaning, overall capacity, and less cooling time.
Disc brakes offer better-stopping performance than drum brakes, as the disc is cooled readily. Further, disc brakes provide a more controlled and shorter braking distance irrespective of the road conditions, thereby ensuring the safety of the occupants.
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Market Drivers and Trends
As the demand for automobiles is surging, the regulatory mandates for making automobiles safer are also increasing, thereby leading to a surge in demand for disc brakes. Several countries, such as India, have regulated safety-critical components within commercial and passenger vehicles, resulting in a rising demand for automotive disc brakes. For instance, as per Ministry of Road Transport and Highways (Government of India) data, The Government of India is deeply concerned about the growth in the number of road accidents, injuries, and fatalities in recent years. It recognizes that road accidents have now become a major public health issue, and the victims are mainly the poor and vulnerable road users. Further, the government is taking steps to ensure that safety features are built-in at the stage of design, manufacture, usage, operation, and maintenance of both motorized and non-motorized vehicles in line with international standards and practices to minimize adverse safety and environmental effects of vehicle operation on road users (including pedestrians and bicyclists) and infrastructure.
Moreover, the rise in road accidents due to brake failure compels government bodies to introduce new norms, which would help reduce fatalities. As per an article published by The Print, in January 2022, over 29,000 road accidents were reported, and 13,346 people died in these incidents in Maharashtra in 2021. And due to this, the Indian union minister for Road Transport and Highways has approved the Draft GSR Notification to introduce Bharat NCAP (New Car Assessment Program), wherein automobiles in India shall be accorded Star Ratings based upon their performance in Crash Tests.
Therefore, with all these government initiatives regarding road accident safety, the requirement for disc brakes increases due to better-stopping performance.
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Global Automotive Disc Brake Market Segmentation
- Opposed Piston Type Disc Brake
- Floating Caliper Type Disc Brake
By Material Type
- Cast Iron
- Stainless Steel
By Vehicle Type
- Passenger Vehicles
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
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Major Players in the Global Automotive Disc Brake Market
The key players studied in the global Automotive Disc Brake market are Akebono Brake Industry Co., Ltd. (Japan); EBC Brakes (UK); Hitachi Astemo, Ltd. (Japan); Knorr-Bremse AG (Germany); Haldex Group (Sweden); Mando Corporation (South Korea); Brembo S.p.A. (Italy); Hyundai Mobis (South Korea); Robert Bosch GmbH (Germany); ZF Friedrichshafen AG (Germany); Roulunds Braking ApS (Denmark); and DuraBrake Co., LLC (US).
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