Market Synopsis:Automotive disc brakes minimize the stopping distance which has fueled its adoption in the automotive industry. According to the findings published by Market Research Future (MRFR), the global Automotive Disc Brake Revenue is prognosticated to register 7% CAGR across the assessment period. The revenues earned by the global market is presumed to reach USD 18 Bn by 2025. Increasing growth rate of the automotive Revenue on the global front is likely to propel market expansion over the next couple of years.
Disc brakes offer enhanced safety which is expected to generate its demand in the years to come. The rising number of road accidents, in conjunction with increasing awareness about the same, is expected to drive the growth of the Automotive Disc Brake Industry in the forthcoming years. Also, the rising mandates issued to maintain safety standards of vehicles is also projected to drive market growth in the foreseeable future.
Rising adoption rate of carbon-ceramic brake pads has multiplied the opportunities for growth in the Automotive Disc Brake Industry. However, the lack of standardization in the manufacturing of disc brakes might pose challenges to participants of the disc brake industry.
Market Segmentation:
Based on type, the segmental analysis of the Automotive Disc Brake Revenue covers floating caliper, fixed caliper, and sliding caliper. Among these, the fixed caliper segment is prognosticated to exhibit considerable growth owing to its characteristics and advantages such as good low noise, thermal conductivity, and durability.
On the basis of vehicle type, the Automotive Disc Brake Revenue has been segmented into light commercial vehicle (LCV), passenger car (PC), and heavy commercial vehicle (HCV). Among these, the Passenger Vehicle (PC) segment is anticipated to hold the leading share of the global market. The passenger car segment is observing a rising demand for floating caliper design due to weight and high-performance. This, in turn, is expected to drive the growth of the segment in the years to come.
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