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Disc Brake Systems Market By Type (Piston Type, Floating Caliper Type), By Material Type (Aluminum, Cast Iron, Stainless Steel), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)), By End-Market (Original Equipment Manufacturers (OEMs), Aftermarket) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Growing Automobile Production Will Drive Disc Brake System Market Growth

The disc brake systems market was worth US$ 36.45 billion in 2017 and is expected to grow at a CAGR of 4.5% between 2018 and 2026. The most prominent factor aiding the disc brake systems market's growth is the rising motor vehicle production across the world. For example, global automobile production increased by 4.5% in 2016 over 2015. One of the most important factors supporting the aforementioned sentence is the rising level of disposable income among people. Countries such as India and China have remained at the forefront in this context, with growth rates of 7.9% and 14.5%, respectively, in motor vehicle production in 2016. Moreover, rising safety regulations are another prominent factor creating favorable demand for the disc brake systems market globally. For instance, developed countries such as the U.S. have stringent government regulations on stopping distance requirements. These factors, taken together, are expected to complement the disc brake systems market's growth.

Market Synopsis

The passenger car segment will remain an important demand generator for disc brake systems in the coming years.

As of 2017, the global disc brake systems market was led by the passenger vehicle segment, followed by the motorcycle segment in terms of value. The value share of the passenger vehicle segment stood at XX% in the same year. The trend shall prolong, and the segment is presumed to hold on to its leading position throughout the forecast period from 2018 to 2026. The braking system in a passenger car is one of the most important parts regarding the safety and control of the car. The demand for passenger cars has been on the rise at a significant rate in the last few years. Increased discretionary income coupled with the availability of private financing schemes has had a positive impact on the sale of passenger cars and motorcycles, which in turn has had a positive impact on demand for disc brake systems.

Expansion of sales and distribution networks will continue to be a key strategy for manufacturers seeking a competitive advantage.

The disc brake systems market is highly competitive, with both domestic and international players present. High competition is experienced among the major disc brake system manufacturers. A consistent rise in the demand for improved safety has boosted the overall demand for advanced vehicular control and drive systems. Consequently, the demand for disc brake systems has also escalated considerably. Disc brake system manufacturers are adopting various strategies, such as strengthening their sales and distribution networks and expanding their global reach. Entering into partnerships with local distributors and service centers is another prime strategy adopted by disc brake system manufacturers.

Asia Pacific to Remain the Most Attractive Market for Investment during the Forecast Period

The global disc brake systems market was dominated by Asia Pacific, which accounted for more than X% of the overall market value in 2017. The growth and investment opportunities in emerging markets such as India, China, and Southeast Asia are expected to remain high in the coming years. The anticipated growth opportunity is reflective of the huge motor vehicle and motorcycle markets in these countries. China represents the largest individual disc brake system market worldwide. A vibrant economy, stringent government mandates, evolving distribution models, and road infrastructure development programs have been the key drivers for on-road vehicle demand in China.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The report elucidates the detailed outline of the global disc brake systems market by categorizing the market in terms of type, material type, vehicle type, end-market, and geography.

Key players profiled in the report include Robert Bosch Gmbh, Aisin Seiki Co., Ltd., Knott, Brembo S.p.A., Knorr-Bremse, Haldex Group, ZF TRW, Nissin Kogyo Co., Ltd., Mando Corporation, and SWAG, among others.

Key questions are answered in this report.

  • What was the global market size for disc brake systems in 2017, and what is the forecast for 2026?
  • What are the current trends in the disc brake systems market?
  • What are the various valuable opportunities for the players?
  • Which are the bestselling disc brake system brands on the market?
  • Which is the largest regional market for disc brake systems?
  • Which region is expected to have the fastest growth and why?
  • What are the new products launched by the leading disc brake system manufacturers?
  • What are the key strategies adopted by the leading players in the market?

Frequently Asked Questions:

The market for Disc Brake Systems Market is expected to reach US$ 36.45 Bn by 2026.

The Disc Brake Systems Market is expected to see significant CAGR growth over the coming years, at 4.5%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Robert Bosch Gmbh, Aisin Seiki Co., Ltd., Knott, Brembo S.p.A., Knorr-Bremse, Haldex Group, ZF TRW, Nissin Kogyo Co., Ltd., Mando Corporation, and SWAG are some of the major players in the global market.

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Godaddy
Published Date:  Aug 2018
Category:  Automotive & Transportation
Report ID:   59272
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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