London, 13 April 2015 – Thanks to a rise in demand for disc brakes in motorcycles, the Global Automotive Disc Brake Market is expected to grow at a CAGR of 6.67 percent from 2015-2019, says research firm Technavio.
About the Report:
Safety concerns among motorcycle owners are increasing and manufacturers are seizing on this to differentiate their product. Motorcycles with disc brakes allow a rider to enjoy a safer ride than those with drum brakes, and more and more high-end motorcycles are coming equipped with disc brakes on both wheels.
“Disc brakes provide a shorter, more controlled stopping distance in critical conditions such as on wet or slippery roads, which has increased their demand in motorcycles,” says Faisal Ghaus, Vice President of Technavio.
According to the latest report by Technavio, the demand for automobiles is rising in developing countries like India, Brazil and China. These countries have recorded high growth rates in recent years and are competing with developed economies like North America and Western Europe.
“The prospects for automobiles in these markets are expected to improve dramatically during the forecast period, thus resulting in a positive environment for the global automotive disc brake market,” says Ghaus.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Increase in demand for disc brakes in motorcycles
- For a full detailed list, view our report.
Market Challenges:
- Inconsistent stopping time
- For a full detailed list, view our report.
Market Trends:
- Increase in automobile sales
- For a full detailed list, view our report.
Key Vendors:
- Aisin Seiki Co. Ltd.
- Akebono Brake Industry Co. Ltd.
- Brembo SpA
- Continental AG
Other Prominent Vendors:
- Accuride Gunite
- EBC Brakes
- Federal-Mogul Holdings
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
