Automotive Surface Coated Brake Market Segments and their Future 2020 – 2030

Posted by Dinesh on March 30th, 2021

Automotive Surface Coated Brake Market: Introduction

• Automotive surface coated brake has a protective layer of materials such as carbon, zinc, or tungsten over the braking and non-braking surface, which acts as a special barrier layer; thereby preventing rust, corrosion, and reducing wear and dust
• These coats also enhance the friction co-efficient of braking systems, which helps produce more braking power and reduces braking distance

Key Drivers of Automotive Surface Coated Brake Market

• On-going investments by governments toward increasing employment, reducing inflation rates, and boosting foreign direct investments are enhancing the economic status of the population. Growing disposable income of the global population has led to a rise in the number of on-road vehicles. International Organization of Motor Vehicle Manufacturers (OICA) stated that 67.14 million passenger vehicles were sold in 2019.
• Furthermore, a rise in transportation and logistics activities has further boosted the number of on-road commercial vehicles. Increase in usage of vehicles is increasing the exposure of the brake systems of these vehicles to high heat and harsh environments, which increases wear and degrades braking efficiency.

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Challenges in Automotive Surface Coated Brake Market

• The coating of the rotor discs or drums with specialty material to enhance their performance lengthens the manufacturing process and increases the cost of the product, thus restraining its adoption in low-priced vehicles

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Impact of COVID-19 pandemic on Automotive Surface Coated Brake Market

• The COVID-19 pandemic disrupted automotive supply chains around the globe, thus creating a shortage of raw materials and components, thereby hampering the global automotive surface coated brake market. However, demand for surface coated brakes across the globe is anticipated to increase as governments are easing restrictions and companies are restarting their operations with precautionary measures.

North America and Europe to hold significant share of global automotive surface coated brake market

• Growing awareness and stringent government regulations to ensure vehicle safety in North America and Europe are boosting the demand for automotive surface coated brakes, as they reduce noise, vibrations, wear, and enhance braking efficiency.