The automated disc brake is a type of car brake that works by applying pressure to a disc that is fixed to the wheel using friction from pads. In the auto sector, disc brakes are well-known and frequently utilized on motorbikes and car wheels. A caliper and friction material are applied to the sides of a rotating disc to apply a disc brake, which is a particular form of the brake. With the help of calipers and pairs of pads pressed up against a disc or "rotor," disc brakes produce friction. They consist of revolving disc rotors that are attached to the wheel and a stationary braking caliper assembly that also includes brake pads. The production of automobiles and trucks is on the rise, as is the use of electric vehicles. Demand for regenerative brakes is also on the rise.
Strict regulations are also being put in place to lower the number of fatalities related to auto accidents. A strong demand for automobiles is being caused by rising urbanization around the world, which has increased the average disposable income of the urban population. Also, these systems offer a shorter and more controlled braking distance in a variety of traffic situations, improving stability and occupant safety as a result and driving greater product utilization in the automobile disc brake industry. Moreover, firms are investing in superior disc brake technology to manufacture lightweight disc brakes, which would further propel market expansion, due to greater awareness of safety precautions and favourable government regulation. The delay in purchasing new vehicles and the high manufacturing costs associated with producing automobile vehicles could further restrain market expansion.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) (Thousand Units) |
| Segmentation | By Product Type, By End-use, By Region |
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By Product Type |
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| By End-use |
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| By Region |
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Globally, the rate of urbanization is accelerating, which has raised the average disposable income of the urban population and allowed them to significantly raise their standard of living. Due to changing lifestyles, there is a higher demand for commercial cars, which has prompted manufacturers to boost production in order to better service customers. The production of vehicles has steadily increased in both developed and emerging nations. Lower loan interest rates have also contributed to the growth of the automotive industry. Intercity and intracity transit patronage has undergone a substantial transformation in the previous several years. The market for automobiles is rising globally, which has benefited production and raised the requirement for robust braking systems.
The automotive disc brake market is rapidly regaining its pre-COVID levels, and over the projected period, a healthy growth rate is anticipated, led by the economic recovery in most developing countries. The high contagiousness of the virus and the frequent suspension of public transportation networks drove the need for passenger automobiles, which in turn drove demand for automotive disc brake products. A bleak outlook is being created by exceptional circumstances brought on by the anticipated third and subsequent waves of the pandemic.
The automotive disc brakes market is expected to grow at 5.4% CAGR from 2022 to 2029. It is expected to reach above USD 69.45 billion by 2029 from USD 43.26 billion in 2020.
Asia Pacific held more than 45% of the automotive disc brakes market revenue share in 2021 and will witness expansion in the forecast period.
The adoption of stringent rules for vehicle safety measures by governments throughout the world, as well as the arrival of sophisticated and advanced braking End-use, are other driving factors in the automotive disc brake market. Also, in certain traffic situations, these systems offer a shorter and more controlled braking distance, improving stability and occupant safety in the process and driving up product utilization in the vehicle disc brake market.
The Market research report covers the analysis of Market players. Key companies profiled in the report include Akebono Brake Corporation, Continental AG, EBC Brakes, Knorr-Bremse AG, Brembo SpA, Wabco, Haldex, TRW Automotive, Hyundai Mobis, Mando Corporation
Manufacturers in the Asia-Pacific region continue to dominate the industry and provide significant cost savings due to the accessibility of inexpensive labour and raw materials. High-potential countries like China and India are also present in the region. The expanding popularity of active braking systems has helped sales of luxury and premium vehicles. The major objective of the businesses is to develop reliable, long-lasting, and environmentally friendly braking systems.
Automotive disc brakes market is segmented based on product type, end-use, and region.
Based on product type, a significant portion of the market was made up of floating caliper. This is due to its straightforward and economical design, which makes it simple to produce and maintain. A calliper that moves linearly presses the brake pads against the rotor makes up a floating calliper disc braking system. The calliper can move in reaction to the movement of the brake pads since it is attached on pins or bolts. This motion aids in maintaining brake pad contact with the rotor, resulting in dependable and consistent braking performance. The floating calliper system is extremely small and light, making it perfect for usage in cars and light trucks. It is appropriate for high-performance applications since it also has outstanding heat dissipation and can endure high temperatures.
Based on end-use, a significant portion of the market was made up of passenger vehicles. This is explained by the expanding demand for passenger cars, the increased attention being paid to vehicle safety, and the implementation of stringent laws governing braking systems for automobiles. Due to their greater performance and safety features, disc brakes are often required for passenger vehicles like automobiles and SUVs. Compared to conventional drum brakes, disc brakes have greater stopping power, shorter stopping distances, and a superior brake pedal feel. As a result, they have been widely used in passenger vehicles, which has in turn fueled the market for automobile disc brakes. Additionally, the demand for disc brakes is being fueled by the growing popularity of electric vehicles (EVs) in the passenger vehicle market. For their regenerative braking systems, which transform kinetic energy into electrical energy and store it in the battery for later use, electric vehicles (EVs) need disc brakes. This has increased the demand in the passenger car segment for automotive disc brakes.
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The Market research report covers the analysis of Market players. Key companies profiled in the report include Akebono Brake Corporation, Continental AG, EBC Brakes, Knorr-Bremse AG, Brembo SpA, Wabco, Haldex, TRW Automotive, Hyundai Mobis, Mando Corporation
Recent Developments On April 2023, Akebono Brake Corporation expanded its ProACT and EURO Ultra-Premium Disc Brake Pad line by ten new part numbers: ACT1965, ACT2032, ACT2065, ACT2186, ACT2223, ACT2229, ACT2371 and EUR1894, EUR1924, EUR2074. Electronic wear sensor and Premium stainless steel abutment hardware is included in the kits that require it. On June 2021, EBC’s acclaimed two-piece, fully-floating front, and rear rotors now available for ‘Turbo’ and ‘Turbo S’ 991-generation 911s, as well as the 981 Cayman GT4The automotive disc brakes market by region includes North America, Asia-Pacific (APAC), Europe, South America, And Middle East & Africa (MEA).
The greatest revenue share in 2021 over 45% was accounted for by Asia Pacific. The region's dense population, rising automobile demand, and the existence of significant automotive manufacturing hubs in nations like China, Japan, South Korea, and India are just a few of the reasons for this.
Due to the increased emphasis on vehicle safety and the implementation of stringent laws surrounding vehicle braking systems, the demand for automobile disc brakes has been expanding throughout the Asia Pacific area. Another factor in the market's expansion has been consumers' growing understanding of the value of disc brakes in guaranteeing safe driving. Disc brake demand is also being fueled by the region's expanding use of electric cars (EVs). In order for EVs to employ their regenerative braking systems, which turn kinetic energy into electrical energy and store it in the battery for later use, disc brakes are necessary. As a result, demand for vehicle disc brakes in the Asia Pacific region has increased.
Overall, the Asia Pacific region is anticipated to maintain its leadership in the automotive disc brakes market over the next few years due to factors like rising vehicle demand, stricter regulations being put in place, and rising EV usage.
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