According to a recent market study published by Growth Market Reports (GMR), titled, “Automotive Disc Brake Market by Type, by Application, and by Region: Size, Share, Trends and Opportunity Analysis, 2017-2027″, the market was valued at USD 12,138.2 Million in 2019 and is expected to expand at a healthy CAGR of 7.5% by the year 2027. The Automotive Disc Brake Market is anticipated to grow owing to the rise in the disposable income of people and a surge in spending of money in the tourism sector. Moreover, the growing demand for technologically updated high-end vehicles, increasing popularity of road trips, and high-speed vehicles with better safety and control are some of the other factors that are projected to drive the growth of the Automotive Disc Brake Market.
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The Automotive Disc Brake Market has been fragmented based on types, applications, and regions. Based on types, the market has been segmented into 1 piston caliper, 2 piston caliper, and multi-piston caliper. On the basis of applications, the market has been divided into, sedan and hatchback, SUV, and others. Based on regions, the Automotive Disc Brake Market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America region is further bifurcated into countries such as the U.S. and Canada. The Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America. The Asia Pacific is further segmented into, China, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia Pacific. The European region is further categorized into Germany, France, Italy, the U.K., Spain, Russia, and the Rest of Europe and the MEA region is further divided into Saudi Arabia, South Africa, UAE, and the Rest of MEA.
The effect of COVID-19 is anticipated to strongly affect the automotive industry due to the high dependency of different global industries for imports. Moreover, the pandemic situation has led to the closure of several non-essential businesses reducing the demand for industrial goods in the world, which in turn, is impeding the automotive component manufacturing industries worldwide. Since the COVID-19 pandemic is diminishing the production activities across aerospace, automotive, railways, and other industries worldwide, the demand for disc brake equipment is decreasing in the short-term. The COVID-19 effects are majorly observed in manufacturing units which are currently working with a 50% workforce. The global supply chain has at the same time slowed down due to restrictions on national borders. Regarding the rotary tiller market as production has slowed down as only half the workforce is working its borderline struggling to meet up with the demands. This is disrupting the supply chain of disc brakes. However, the automotive disc brake market is expected to gain its original momentum by the mid of 2021.
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As per GMR industry analyst Vidya Jadhav, “The Automotive Disc Brake Market is anticipated to witness significant growth during the forecast period 2020-2027 due to rising automobile production activities across key economies such as China, India, U.S., and Germany. The advancements in disc brakes are anticipated to create lucrative opportunity during the forecast period.”
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Report Metric |
Details |
Market Value in 2019 |
USD 12,138.2 Million |
Market Growth Rate (from 2021 to 2027) |
7.5% |
Historical Data |
2017 & 2018 |
Base Year |
2019 |
Forecast Period |
2020 – 2027 |
Units Considered |
Value (USD Million) and Volume (Units) |
Market Segments |
Types, Applications |
Regional Scope |
North America, Europe, Latin America, Asia Pacific, and Middle East & Africa (MEA) |
Country Scope |
U.S., Canada, Brazil, Mexico, Rest of Latin America, China, Japan, South Korea, India, Australia, Southeast Asia, Rest of Asia Pacific, Germany, France, Italy, U.K., Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE, and Rest of MEA. |
Key Companies Profiled |
ZF TRW, Continental, Akebono, Brembo, Aisin, Bosch, Mando, APG, Nissin Kogyo, and Knorr-Bremse |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements. |
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