According to Technavio’s latest market research study, the global automotive disc brake market is expected to grow at a CAGR of more than 4% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global automotive disc brake market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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Global automotive disc brake market in passenger cars: The high growth of the automotive disc brake market in passenger cars is attributable to the increased sales of passenger cars when compared to LCVs and M&HCVs. Furthermore, the percentage of passenger cars equipped with disc brakes are higher than the other segments, as almost all cars, including the mass selling variants, come equipped with disc brakes.
“Disc brakes dissipate heat better than drum brakes as they are more efficient in converting rotational energy into heat energy. Besides, they perform efficiently even in moist weather. Such advantages coupled with the increased emphasis given to the reduction of road fatalities is anticipated to reflect positively on the demand for disc brakes for passenger cars during the forecast period,” says Siddharth Jaiswal, a lead analyst at Technavio for research on automotive components.
Global automotive disc brake market in LCVs: LCVs, such as minivans, are being used as food trucks or for intercity transportation, resulting in increased sales of LCVs and subsequently, disc brakes for LCVs. The increase in industrialization is likely to have a positive impact on the use of heavy, medium, and light-duty commercial vehicles for facilitating transport. The resultant demand for LCVs to operate on a hub and spoke model for last mile connectivity is expected to facilitate further growth of the global automotive disc brake market in LCVs in the coming years.
Global automotive disc brake market in M&HCVs: APAC has the largest market share in terms of volume in the global automotive disc brake market in M&HCVs. Stringent minimum stopping distance requirement in commercial vehicles to reduce road fatality rate and property damage is anticipated to drive the demand for automotive disc brake market in M&HCVs in the global market until 2021.
The top vendors operating in the global automotive disc brake market are:
- Bosch
- Aisin Seiki
- Continental
- Brembo
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Disc Brake Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Two-wheeler Upside Down Forks Market 2017-2021
- Global Automotive Heat Exchanger Market 2017-2021
- Global Automotive Wheel Bearings Market 2017-2021
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