Automotive Disc Brake Market Analysis 2018 Research Report

Automotive Disc Brake Market 2018 Global Industry Analysis To 2023 is new research report, published by "Market Research Future". Automotive Disc Brake Market is segmented by Type (fixed caliper, Floating caliper, Sliding caliper), By Application (Passenger vehicle, Commercial vehicle and Other) - Forecast 2017-2023.

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Automotive Disc Brake Market Insights:

The growth in the automotive industry leads to increase demand for automotive disc brake market. Automotive disc brakes helps to slow down or stop the rotation of a wheel using brake pads and increase the safety and efficiency of the vehicle. Lightweight structure and enhanced braking performance improves handling and driving performance of the vehicle. Factors such Self adjusting nature, favorable government regulation for minimizing stopping distance as well as serve as safety device are acting as a primary factor for the growth of market. Latest trends such as rise in demand for disc brake in motorcycles and rising adoption of carbon ceramic brake pads will pull the market towards growth.

 Automotive disc brake market is expected to reach at market size of $15.6 billion by the end of forecast period with CAGR of 6.5 % between 2017 and 2023. The major player operating in the market of global automotive disc brake are EBC Brakes (U.K.), TRW Automotive (U.S.), Nissin Kogyo Co., Ltd (Japan), Haldex AB (Sweden), Federal-Mogul Motorparts LLC. (U.S.), Knorr-Bremse AG (India), Mando Automotive India Private Limited (India), Akebono Brake Corporation (Japan), and Aisin Seiki Co., Ltd (Japan) and Brembo S.p.A. (Italy)

Asia pacific is dominating the market of disc brake due to majority of automotive sales in the region as well as refined and improved brakes since invention helps to grow the market towards growth. Increase in traveling speeds as well as the growing weights of cars has made the improvements essential. Development of automotive manufacturing industries in developing economies such as china and India are driving the market for automotive disc brake. Factors such as low-cost disc brakes as well as consumer preference towards safety are some of the factors pushing the market of automotive disc brake.

 

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