Automotive
Disc Brake Market Overview:
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. 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.
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.
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 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 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.
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)
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