The latest report on Automotive Disc Brake Market by Infinium Global Research gives complete coverage of the automotive disc brake market by type (opposed piston type disc brake, and floating caliper type disc brake), material type (cast iron, aluminum, stainless steel , and others), vehicle type (passenger car, heavy commercial vehicle, and light commercial vehicle) in terms of key trends, market size, forecast and CAGR growth over the period of 2023 to 2030. In addition, the study covers deep dive into key product and applications trends in the regional markets of automotive disc brake such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Disc brakes dominate, despite COVID hiccups:
- Disc brakes reign supreme: They're the go-to braking system for most vehicles, thanks to their efficient heat dissipation and responsive performance.
- Cast iron reigns supreme: This material is the standard choice for brake discs, offering affordability and durability.
- COVID throws a curveball: The pandemic initially dented demand due to supply chain disruptions and production slowdowns.
Future is bright, driven by safety and performance:
- Safety first: Growing awareness of safety regulations and consumer demand for safer vehicles are key drivers.
- Performance boost: The need for improved stopping power and overall driving experience fuels the market.
- Cost-effective choice: Disc brakes offer good value for money, thanks to their low cost and friction resistance.
Alternatives exist, but regulations and innovation propel growth:
- Competition lurks: Alternative braking systems could pose a challenge.
- Regulations pave the way: Stricter safety mandates favor disc brakes, boosting demand.
- Cast iron maintains its edge: This well-established material remains the preferred choice for disc brakes.
Asia Pacific leads, North America chases:
- Asian dominance: This region holds the largest market share, driven by factors like stringent safety regulations and rapid vehicle adoption.
- North American surge: This region is expected to see the fastest growth due to its expanding population and increasing vehicle demand.
Overall, the automotive disc brake market is set for steady growth, driven by safety concerns, performance demands, and ongoing technological advancements.
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Key Market Players:
- Robert Bosch GmbH
- Aisin Seiki Co., Ltd
- Continental AG
- Brembo S.p.A. Knorr-Bremse
- ZF TRW
- Haldex Group
- Nissin Kogyoa Co., Ltd
- Mando Corporation
- Federal-Mogul Motorparts LLC.
- Others
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