Market Definition
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.
Market Outlook
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.
Compared to drum brakes, disc brakes are quite new and more advanced. They offer quite a high braking power for their size as well. Even small-size disc brakes offer quite a large braking power and can stop high-speed vehicles better than a drum brake can. As the disc brakes are open, they have good heat dissipation, ensuring they never overheat. Again, being open, they retain no unwanted material and thus don’t fall to rusting or performance degradation.
Thus, with complex electronic and mechanical systems in disc brakes, the installation and maintenance of disc brakes are higher than the drum brakes. And from an automotive manufacturer’s point-of-view also, there sometimes prefer drum brakes over disc brakes due to their cheap cost and easy maintenance, which can be quite a solid choice in the long run. Therefore, disc brake installation and maintenance costs can hinder market growth, especially in developing countries.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
Market Segmentation
The report analyses the global automotive disc brake market based on type, material type, vehicle type, and region.
Global Automotive Disc Brake Market by Type
Based on type, it is bifurcated into opposed piston type disc brake and floating caliper type disc brake. The floating caliper type disc brake segment is likely to dominate the market during the forecast period. The market growth of this segment is increasing at a faster rate because it requires less parts compared to fixed caliper, less expensive to manufacture, and is generally made of cast iron or steel which in turn increases weight and heat compared to the aluminum fixed caliper. A heavy weight stops the disc faster than light weight. Similarly, the other benefit is that the floating caliper can better dissipate heat due to sliding nature and therefore less chances of brake fade. are further boosting the growth of the market.
Global Automotive Disc Brake Market by Material Type
Based on material type, it is segmented into cast iron, aluminum, stainless steel, and others. The cast iron segment is likely to hold the major share of the market. The growing benefits of using cast iron material due to its outstanding thermal characteristics, such as reduced deformability and good conductivity are boosting the growth of the market.
Global Automotive Disc Brake Market by Vehicle Type
Based on vehicle type, it is segmented into passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The passenger vehicles segment is likely to dominate the market during the forecast period.
Geographical Analysis of Global Automotive Disc Brake Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share during the forecast period. Manufacturing of a large number of vehicles across Asia-Pacific and rising government norms in India regarding road accidents are the key factors supporting the market growth in this region.
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Major Players
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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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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