Disc Brakes Market Size, Share, Growth, and Industry Analysis, By Type (Cast Iron and CMC), By Application (Passenger Car, Commercial Vehicle, Motorcycles and Scooters, and Others), Regional Insights, and Forecast To 2032

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DISC BRAKES MARKET REPORT OVERVIEW

Global disc brakes market size was projected at usd 7.49 billion in 2024 and is expected to hit usd 15.86 billion by 2033 with a cagr of 8.6% during the forecast period.

A disc brake is characterized as a kind of brake that is made up of a stationary brake caliper assembly that has brake pads attached to it and a disc rotor that revolves with the wheel. Disc brakes provide advantages including maximum performance without extra costs for maintenance and adjustments, shorter cooling times, and increased capacity. Bifurcated into numerous segments and a variety of products this market is witnessed to withstand even under extreme conditions and it is still found to be flourishing. This particular industry is growing and is recorded with the implementation of new-age technologies.

The primary element propelling the automotive disc brake market growth is the increasing demand for better braking system technologies. Other significant factors contributing to this growth include the rising demand for automobiles and an increase in research & development activities. Furthermore, during the projection period, the automotive disc brake market manufacturers will have additional chances due to the developments in technology, modernization of protective measures, and rise in demand from emerging nations. This factor has augmented the disc brakes market growth.

COVID-19 IMPACT

"Market Growth Obstructed by Pandemic due to Lockdown"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

A major factor driving the growth of the automotive disc brake market is the growing need for improved braking system technology. Increases in research and development as well as the growing demand for cars are two other important reasons driving this expansion. Additionally, because of technological advancements, updated safety protocols, and increased demand from developing countries, the automotive disc brake market manufacturers would have more opportunities during the forecast period. These factors brought a lot of challenges in front of the disc brakes market share but past pandemic these challenges have been faced and put to rest since then.

LATEST TRENDS

"Technology and its Advancements to Drive Market Growth"

Participants have implemented strong safety mechanisms as a result of growing worries about traffic accidents and the death toll. Because of the strict safety regulations enforced by governments and regulatory bodies, the disc brakes market market for automotive brake systems will keep expanding. In the United States, a component of the transportation department called the National Highway Traffic Safety Administration intends to mandate automated emergency braking for automobiles. During the projection period, market growth is attributed to the efforts of market participants who introduce and enhance systems and conduct research and development aimed at launching new technologies.

DISC BRAKES MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Cast Iron and CMC amongst which the leading segment is the Cast Iron.

• Cast Iron: It is nothing but an alloy of iron and carbon.

• CMC: It is basically a ceramic matrix composite type of disk brake.

By Application

Based on application the global market can be categorized into Passenger Car, Commercial Vehicle, Motorcycles and Scooters, and Others amongst which the leading segment is the Passenger Car.

• Passenger Car: It is a basically a an applications where this particular product is used by the passenger cars.

• Commercial Vehicle: It is nothing but an application where it is used by the commercial vehicles.

• Scooters: It is a basically an applications where this particular product is used by the the scooters and other such vehicles.

DRIVING FACTORS

"New-age Technologies to Boost the Market"

For safe and comfortable driving, automakers are always developing new and improved goods. In order to stop cars from sliding and gain control, manufacturers are offering anti-lock braking systems that are linked with electronic stability control (ESC). Consequently, the development of automotive brake systems could be aided by technical developments in car safety features.

In an effort to create better and safer cars, manufacturers regularly develop products like electronic stability control, brake-by-wire, anti-lock braking systems, and anti-collision devices.

"Engine Power to Expand the Market"

More effective use of engine power to reach higher speeds has been made possible by recent developments in vehicle technology and aerodynamic design. Electronic Brake Force Distribution, Traction Control, and Stability Control are examples of the cutting-edge braking systems that are currently being developed. To introduce cutting-edge technology, manufacturers everywhere are funding research and development. This suggests that manufacturers and vendors could experience growth throughout the course of the predicted period.

RESTRAINING FACTOR

"High Cost to Impede Market Growth"

The factor impeding the growth of the automotive disc brake market during the projected period is the increase in the cost of research and development activities in the industry. Overall market expansion will be hampered by a number of limitations and obstacles. The costly research and high installation and maintenance costs associated with electronic braking systems are limiting market growth.

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DISC BRAKES MARKET REGIONAL INSIGHTS

"Asia Pacific Region Dominating the Market due to Advanced Technology"

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

With the biggest revenue share, Asia Pacific led the market. Regional businesses provide considerable cost reductions because labor and raw materials are inexpensive. The center of automobile manufacturing is located in nations like China and India, among others. The market is anticipated to develop due to the growing demand for automotive brake systems and the sales of luxury and premium vehicles. Rising auto sales and an increase in accidents both support the market's expansion overall.

KEY INDUSTRY PLAYERS

"Market Players to Invest in Collaborations To Sustain Market Presence"

The market's competitive landscape is consolidated, with a few prominent competitors operating at the global and regional levels. Product development and strategic alliances are being pursued by key players to extend their respective product portfolios and achieve a strong foothold in the global market. They also use techniques such as mergers and acquisitions, partnerships, distribution agreements, partnerships, advertisements, and celebrity endorsements to gain a competitive advantage in the market.

List Of Top Disc Brakes Companies

• DJI (China)
• PARROT (France)
• 3D Robotics (U.S.)
• AscTec (Germany)
• Yamaha (Japan)

INDUSTRIAL DEVELOPMENT

September 2023: According to the French Defense Ministry, Delair SAS was awarded a contract to sell 150 DT-46 drones to Ukraine. A dual-sensor ISR payload comprising EO/IR and LiDAR is installed on the drone.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.