Market Research Report
Global Disc Brake Market Size study, by Type (Fixed Caliper, Floating Caliper, Sliding Caliper), by Application (Passenger Vehicle, Commercial Vehicle) and Regional Forecasts 2019-2026
|Published by||Bizwit Research & Consulting LLP||Product code||899304|
Delivery time: 2-3 business days
|Global Disc Brake Market Size study, by Type (Fixed Caliper, Floating Caliper, Sliding Caliper), by Application (Passenger Vehicle, Commercial Vehicle) and Regional Forecasts 2019-2026|
|Published: April 1, 2019||Content info:||
Global Disc Brake Market is valued approximately USD 10.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.50% over the forecast period 2019-2026. A disc brake is a type of brake that uses calipers to squeeze pairs of pads against a disc or "rotor" to create friction. This action slows the rotation of a shaft, such as a vehicle axle, either to reduce its rotational speed or to hold it stationary. The energy of motion is converted into waste heat which must be dispersed. Rising demand for safety measures and favorable government regulation for minimizing stopping distance are the factors responsible for high CAGR of the market. Technological upgradation to make lightweight disc brakes is the factor that creates lucrative growth opportunities to the market over the forecast period. Also, increasing sale of automotive and increasing number of road accident is contributing towards growth of global Disc Brake market. For instance: it is estimated that total number of road accidents in 2017 is about 4,64,910 have been reported by States and Union Territories (UTs) in the calendar year 2017, claiming 1,47,913 lives and causing injuries to 4,70,975 persons. Further, disc brakes offer benefits such as optimal operation without the need of additional expenses for adjustment and cleaning, less cooling time and overall capacity that regulates their demand across various regions. However, low-end vehicle manufacturers avoiding the use of disc brakes due to the high cost involved is the major factor anticipated to limiting the market growth during the forecast period.
The regional analysis of global Disc Brake market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-pacific is the leading/significant region across the world in terms of market share owing to increasing number of passenger and commercial vehicle and increasing number of road accidents across the region. Europe is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing demand for luxury and performance vehicles, along with the safety norms for stopping of a vehicles across the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: