Global Automotive Disc Brake Market Demand to Decline amid COVID-19 Pandemic|GloPosted by Preeti on January 19th, 2021 Automotive disc brakes use calipers to squeeze pads against a disc for creating friction for reducing speeds. The large number of safety measures and accidents globally can create a global demand for these components. The global automotive disc brake market report by Market Research Future (MRFR) takes a look at various drivers and challenges in the industry as well as scope for new breakthroughs for the period of 2019 to 2025 (forecast period). The COVID-19 pandemic and its impact on the industry are explored at depth. Market Scope The global automotive disc brake market is projected to reach around USD 18 billion by 2025. It is expected to grow at a CAGR of 7% during the forecast period. The ability to lower speeds and improved driving performance are major drivers of the market. Other growth indicators include adoption of ceramic brake pads, rising number of road accidents, self-adjusting nature of disc brakes, rise in logistic solutions, and awareness of safety regulations and by-laws. Preference for fuel-efficient and low-maintenance vehicles can bode well for the market. Get a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/3954 The COVID-19 pandemic has disrupted the supply chain owing to restricted movement orders and concerns over ban on components from China. The plummeting demand for commercial vehicles and changes in consumer behavior can negatively affect the market. However, lack of protocols and standards for production and shortage of skilled workers can hamper the market growth. Segmentation By type, the global disc brake market has been segmented into fixed caliper, floating caliper, and sliding caliper. The fixed caliper segment can dominate in the global market owing to features of long durability, good thermal conductivity, and low noise. By vehicle type, the global disc brake market has been segmented into light commercial vehicle (LCV), passenger car (PC), and heavy commercial vehicle (HCV). The passenger car segment is likely to lead the market during the forecast period due to the increasing demand for floating caliper designs to be integrated passenger cars due to its low weight and high-performance SUVs. Regional Analysis Among all regions, in 2018, the global automotive disc brake market was dominated by the Asia Pacific (APAC), followed by Europe and North America. The market in APAC is projected to grow at a rapid pace over the forecast period due to high sales of automobiles across the region. Furthermore, expansion of automotive OEMs in developing economies of China and India are driving the market for automotive disc brakes. The durability and low maintenance of the brakes can further the market demand effectively. The European automotive disc brake market is expected to register significant growth during the forecast period due to stringent vehicle safety norms, presence of large automobile production facilities, and huge demand for environment-friendly and high-performance vehicles. However, the market in North America is projected to register significant growth over the forecast period due to favorable government initiatives for safety of vehicles and passengers. The high sales of luxury and passenger cars can influence the market demand in the region. Furthermore, a stable economy, advanced technology, and rising demand for autonomous and environment-friendly vehicles from the U.S. and Canada are likely to further boost the market growth for automotive disc brakes in North America. In addition, the long lifespan of ceramic disc brakes in comparison with cast iron brakes can boost the market growth. Competitive Outlook Akebono Brake Corporation, Nissin Kogyo Co., Ltd, Haldex AB, Federal-Mogul Motorparts LLC., Knorr-Bremse AG, TRW Automotive, EBC Brakes, Mando Automotive India Private Limited, Aisin Seiki Co., Ltd, and Brembo SpA are key players of the global automotive disc brake market. Get a FREE Report Sample - https://www.marketresearchfuture.com/sample_request/3954 Key Questions Addressed by the Report
TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 2 SCOPE OF THE REPORT 2.1 MARKET DEFINITION 2.2 SCOPE OF THE STUDY 2.2.1 DEFINITION 2.2.2 RESEARCH OBJECTIVE 2.2.3 ASSUMPTIONS 2.2.4 LIMITATIONS 2.3 RESEARCH PROCESS 2.3.1 PRIMARY RESEARCH 2.3.2 SECONDARY RESEARCH 2.4 MARKET SIZE ESTIMATION 2.5 FORECAST MODEL
3 MARKET LANDSCAPE 3.1.1 THREAT OF NEW ENTRANTS 3.1.2 BARGAINING POWER OF BUYERS 3.1.3 THREAT OF SUBSTITUTES 3.1.4 SEGMENT RIVALRY 3.1.5 BARGAINING POWER OF BUYERS 3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS 4.1 INTRODUCTION 4.2 MARKET DRIVERS 4.3 MARKET RESTRAINTS 4.4 MARKET OPPORTUNITIES 4.5 MARKET TRENDS About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Media Contact Like it? Share it! More by this author |