2023-2032 Riding the Wave of Growth in the Automotive Brake System Market

How big is the automotive brake system market? Automotive Brake System Market is projected to grow from USD 11.24 Billion in 2023 to USD 19.30 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.00% The market is driven by a number of factors, including: • Increasing demand for passenger and commercial vehicles • Stringent safety regulations • Adoption of high-end and luxury cars • Growing adoption of air disc brakes in commercial vehicles The market is segmented by type, vehicle type, and region. By type, the market is divided into disc brakes and drum brakes. The disc brake segment is expected to grow at a faster CAGR during the forecast period due to its advantages over drum brakes, such as better performance, efficiency, and range. By vehicle type, the market is divided into passenger cars, commercial vehicles, and two-wheelers. The passenger car segment is expected to hold the largest market share during the forecast period due to the increasing demand for passenger cars. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to be the fastest-growing market during the forecast period due to the increasing demand for passenger and commercial vehicles in the region. The key players in the global automotive brake system market include: • Continental AG • Robert Bosch GmbH • ZF Friedrichshafen AG • Brembo S.p.A. • Akebono Brake Corporation • Nisshinbo Brake Inc. • Hitachi Automotive Systems Ltd. • Denso Corporation • Valeo SA • Wabco Holdings Inc. • Knorr-Bremse AG • TRW Automotive Inc. The global automotive brake system market is expected to grow steadily in the coming years, driven by the factors mentioned above. The market is also expected to benefit from the increasing adoption of new technologies in the automotive brake system industry, such as electronic stability control (ESC) and anti-lock braking systems (ABS). The worldwide automobile disc brake market size that examines the industry's drivers, obstacles, and potential for future innovations. A thorough analysis is conducted on the COVID-19 epidemic and its effects on the industry. With automotive disc brakes, pads are squeezed against a disc using calipers to create friction and lower speeds. Worldwide safety precautions and mishaps may lead to a demand for these parts on a worldwide scale. Market Extent By 2032, the worldwide market for vehicle disc brakes is expected to grow to a value of around USD 19.30 billion. Over the projection period, a compound annual growth rate of 7% is anticipated. The COVID-19 pandemic has disrupted the supply chain owing to restricted movement orders and concerns over ban on components from China. The plummeting demand for commercial vehicles and changes in consumer behavior can negatively affect the market. However, lack of protocols and standards for production and shortage of skilled workers can hamper the market growth. What is disc brake in automobile? A disc brakes in an automobile is a type of brake that uses a caliper to squeeze a pair of brake pads against a disc or rotor to slow down or stop the vehicle. Disc brakes are more effective than drum brakes at stopping a vehicle and are less likely to overheat. Disc brakes are made up of the following components: • Brake rotor: The brake rotor is a metal disc that is attached to the wheel hub. • Brake caliper: The brake caliper is a metal housing that contains the brake pads. • Brake pads: The brake pads are made of a friction material that clamps down on the brake rotor when the brakes are applied. • Brake pistons: The brake pistons are located inside the brake caliper and are responsible for squeezing the brake pads against the brake rotor. When the driver presses the brake pedal, hydraulic fluid is pumped from the brake master cylinder to the brake calipers. The hydraulic fluid pushes the brake pistons against the brake pads, which clamp down on the brake rotor and slow down or stop the vehicle. Disc brakes are used on most modern automobiles, both on the front and rear wheels. They are also used on motorcycles, bicycles, and other vehicles. GET A FREE SAMPLE REPORT OF DISC BRAKES IN AN AUTOMOBILE Disc brakes offer a number of advantages over drum brakes, including: • Superior stopping power: Disc brakes are more effective at stopping a vehicle than drum brakes. This is because disc brakes have a larger surface area and can apply more friction to the brake rotor. • Reduced risk of overheating: Disc brakes are less likely to overheat than drum brakes. This is because disc brakes have more air circulation and can dissipate heat more easily. • Longer service life: Disc brakes typically last longer than drum brakes. This is because disc brakes are less prone to wear and tear. Disc brakes are a critical safety feature on automobiles. It is important to have them inspected and serviced regularly by a qualified mechanic to ensure that they are working properly. Segmentation By type, the global disc brake market has been segmented into fixed caliper, floating caliper, and sliding caliper. The fixed caliper segment can dominate in the global market owing to features of long durability, good thermal conductivity, and low noise. By vehicle type, the global disc brake market has been segmented into light commercial vehicle (LCV), passenger car (PC), and heavy commercial vehicle (HCV). The passenger car segment is likely to lead the market during the forecast period due to the increasing demand for floating caliper designs to be integrated passenger cars due to its low weight and high-performance SUVs. Regional Analysis Among all regions, in 2018, the global automotive disc brake market was dominated by the Asia Pacific (APAC), followed by Europe and North America. The market in APAC is projected to grow at a rapid pace over the forecast period due to high sales of automobiles across the region. Furthermore, expansion of automotive OEMs in developing economies of China and India are driving the market for automotive disc brakes. The durability and low maintenance of the brakes can further the market demand effectively. The European automotive disc brake market is expected to register significant growth during the forecast period due to stringent vehicle safety norms, presence of large automobile production facilities, and huge demand for environment-friendly and high-performance vehicles. However, the market in North America is projected to register significant growth over the forecast period due to favorable government initiatives for safety of vehicles and passengers. The high sales of luxury and passenger cars can influence the market demand in the region. Furthermore, a stable economy, advanced technology, and rising demand for autonomous and environment-friendly vehicles from the U.S. and Canada are likely to further boost the market growth for automotive disc brakes in North America. In addition, the long lifespan of ceramic disc brakes in comparison with cast iron brakes can boost the market growth. What Is The Car Disc Brake Caliper? Car disc brake calipers are an important part of your car's braking system. They are responsible for squeezing the brake pads against the brake rotors to slow down or stop your car. Disc brake calipers are typically made of aluminum or cast iron and are located on each wheel. Disc brake calipers come in a variety of sizes and types, depending on the make and model of your car. Some calipers are fixed, meaning that they do not move when the brakes are applied. Other calipers are floating, meaning that they move slightly when the brakes are applied. This helps to ensure that the brake pads are evenly applied to the brake rotors. Competitive Outlook • Akebono Brake Corporation • Nissin Kogyo Co., Ltd • Haldex AB • Federal-Mogul Motorparts LLC. • Knorr-Bremse AG • TRW Automotive • EBC Brakes • Mando Automotive India Private Limited • Aisin Seiki Co., Ltd • Brembo SpA Read more: automotive simulation market ride sharing market share electric vehicle battery market cng vehicles market rov market car door latch market