Global Automotive Disc Brake Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Application;

Passenger cars, Light Commercial Vehicles (LCVs), and Medium and Heavy Commercial Vehicles(M&HCVs).

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn227205817 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Disc Brake Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Disc Brake Market was valued at USD 17,412.84 million. The size of this market is expected to increase to USD 29,457.84 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 7.8%.

The global automotive disc brake market has experienced significant growth over the past decade, driven by the rising demand for passenger and commercial vehicles worldwide. Disc brakes have become the standard braking system in modern automobiles due to their superior performance, reliability, and safety features compared to traditional drum brakes. Factors such as increasing vehicle production, technological advancements, and stringent safety regulations have further propelled the market's expansion.

The growing focus on vehicle safety and the adoption of advanced braking systems to reduce the risk of accidents. Disc brakes offer shorter stopping distances, better control, and improved performance under various driving conditions, making them essential components for ensuring vehicle safety. Additionally, the rising demand for luxury and high-performance vehicles equipped with advanced braking systems has significantly contributed to the market's growth.

Technological advancements, such as the integration of electronic stability control (ESC) and anti-lock braking systems (ABS), have enhanced the efficiency and performance of automotive disc brakes. These systems improve vehicle stability and prevent wheel lock-up during emergency braking situations, thereby reducing the risk of skidding and maintaining directional control. Furthermore, the increasing adoption of lightweight materials, such as aluminum and carbon ceramic composites, has led to the development of lightweight and high-performance disc brakes, further driving market growth.

The market faces challenges such as intense competition among key players, pricing pressures, and fluctuating raw material costs. Additionally, the transition towards electric and hybrid vehicles presents both opportunities and challenges for the automotive disc brake market. While electric vehicles (EVs) generally rely more on regenerative braking systems, traditional disc brakes are still necessary for emergency braking and supplementary braking functions. Overall, with ongoing technological advancements and the increasing emphasis on vehicle safety, the global automotive disc brake market is expected to continue its growth trajectory in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global Automotive Disc Brake Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Safety Regulations
        2. Increasing Vehicle Production
        3. Growing Concerns for Vehicle Safety
      2. Restraints
        1. High Initial Investment
        2. Replacement Costs
        3. Market Saturation
        4. Supply Chain Disruptions
      3. Opportunities
        1. Rise of Electric Vehicles (EVs)
        2. Aftermarket Growth
        3. Focus on R&D
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Disc Brake Market, By Application, 2020 - 2030 (USD Million)
      1. Passenger cars
      2. Light Commercial Vehicles (LCVs)
      3. Medium and Heavy Commercial Vehicles(M&HCVs)
    2. Global Automotive Disc Brake Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bosch
      2. Aisin Seiki Co., Ltd
      3. Continental AG
      4. ZF Friedrichshafen AG
      5. Brembo S.p.A
      6. Knorr-Bremse AG
      7. Wabco Holdings Inc
      8. Mando Corporation
      9. Akebono Brake Industry Co., Ltd
      10. Federal-Mogul Corporation (acquired by Tenneco Inc.)
  7. Analyst Views
  8. Future Outlook of the Market