In addition, the global automotive disc brake market size is expected to rise at a CAGR of 7%, with a value of USD 19.30 billion during the projected 2023-2032.
An
automobile brake booster is a safety feature that helps with smooth brake
activation and reduces the amount of pedal effort needed for stopping. It is
put in front of the driver's knees, beneath the hood of a car, or on the engine
compartment's firewall. It is a preventative braking technique used to reduce
the likelihood of brake failure, produce an efficient braking system, and
provide assistance in the event of panic braking. Additionally, it ensures the
car can stop smoothly and decelerate safely.
Brake
boosters quickly replace mechanical and hydraulic braking systems in
automobiles because they help lighten the vehicle's weight and provide more
safety and comfort. Furthermore, manufacturers are forced to incorporate
premium brake booster systems and active vehicle safety technologies like
regenerative braking, traction control system, anti-lock braking system, and
electronic stability program in updated car models due to the rising demand for
these features.
They
are also sponsoring research and development initiatives for the automotive disc brake market with cutting-edge
products that are compatible with electric and hybrid cars. In addition,
factors like strict safety regulations and a greater emphasis on a vehicle's
performance and efficiency have motivated manufacturers to concentrate on brake
distribution and booster technologies in the passenger car market. The
expanding automotive sector, new auto part manufacturers, and rising global
vehicle ownership drive demand for automobile brake boosters.
Automotive
Disc Brake Market Key Players
·
EBC Brakes (UK)
·
Nissin Kogyo Co.
·
Ltd (Japan)
·
TRW Automotive (US)
·
Aisin Seiki Co.
·
Ltd (Japan)
·
Haldex AB (Sweden)
·
Mando Automotive India Private Limited
(India)
·
Federal-Mogul Motorparts LLC. (US)
·
Akebono Brake Corporation (Japan)
·
Knorr-Bremse AG (India)
·
and Brembo SpA (Italy)
Automotive Disc Brake Market
Segmentation:
The
global automotive disc brake market
has been segmented into three sections type, vehicle type, and regional basis.
The type section has divided the market into fixed, floating, and sliding calipers.
With the vehicle type, the automotive
disc brake market is further divided into passenger cars, light commercial
vehicles, and heavy commercial vehicles on a regional basis. The market is
divided into the following five regions: Africa, the Middle East, and
Asia-Pacific.
Automotive Disc Brake Market Regional
Analysis:
Due
to the availability of cheap labor and raw materials, manufacturers in the
Asia-Pacific area continue to dominate the automotive
disc brake market and provide significant cost savings. The area includes
nations like China and India, which account for around 34% of global automobile
manufacturing. The rising popularity of active braking systems increases the
sales of luxury and premium automobiles.
The
firm's main goal is to provide durable, dependable, and eco-friendly braking
systems. To enhance their market shares and guarantee healthy growth, the major
companies have made significant expenditures in research and development.
For
instance, to develop the Morganton car plant, Continental North America, a
division of Continental AG operating in the United States, invested over USD 40
million. The State of North Carolina also awarded the corporation a 1.6 million
USD employment creation incentive grant. The MK C1 brake systems would be
produced using the increased production capability.
Furthermore,
more safety measures, particularly in mid-level automobiles, have been included
due to India's growing accident rate. The Indian government has mandated that
all automakers install anti-lock braking systems in their vehicles by April
2019 to reduce similar tragedies. Due to the absence of ABS and strict
government emissions and safety regulations, 2-wheeler models like the Hero
Karizma and Bajaj V15 and automobile models like the Hyundai Eon, Honda Brio,
Fiat Punto, and Tata Bolt were discontinued.
Automotive
Disc Brake Industrial News:
Automakers
continually develop new features to make driving cars more enjoyable and safe.
Players regularly create anti-lock braking systems, electronic stability
control, and anti-collision technologies to make safer and better cars. The
third version of the anti-lock braking system, created by Continental AG,
reacts to vehicles traveling too fast while delivering safer, more manageable,
and optimal brake performance.
Automotive
Disc Brake Market Segmentation
By
Type
·
Fixed
·
Floating
·
Sliding Caliper
By
Vehicle Type
·
Passenger Car (Pc)
·
Light Commercial Vehicle (Lcv)
·
Heavy Commercial Vehicle (Hcv)
More Reports
Automotive Remote Diagnostics Market
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