Europe Automotive Disc Brake Market
Overview:
In
addition, the global Europe 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.
Europe
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)
They
are also sponsoring research and development initiatives for the Europe 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.
Europe Automotive Disc Brake Market
Segmentation:
The
global Europe 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 Europe 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.
Europe 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 Europe
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.
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.
Europe
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)
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