Growing Motor Vehicle Production to Drive the Disc Brake Systems Market Growth
The disc brake systems market was valued at US$ 36.45 Bn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 4.5% from 2018 to 2026. The most prominent factor aiding the disc brake systems market growth is the rising motor vehicle production across the world. For instance, the world motor vehicle production increased by 4.5% in 2016 over 2015. One of the most important factors supporting the aforementioned sentence is the rising disposable income among people. Countries such as India and China has remained in the forefront in this context with a growth of 7.9% and 14.5% respectively in motor vehicle production in 2016. Moreover, rising safety regulations is another prominent factor creating favorable demand for disc brake systems market globally. For instance, developed countries such as the U.S. has stringent government regulations on stopping distance requirement. These factors in combination are expected to compliment the disc brake systems market growth.
Passenger Car Segment to Remain an Important Demand Generator for Disc Brake Systemss in the Coming Years
As of 2017, the global disc brake systems market was led by the passenger vehicle segment followed by 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 safety and control of the car. The demand for passenger cars has been on the rise at a significant rate since last few years. Increased discretionary income coupled with the availability of private financing schemes has had positive impact on the sale of passenger cars and motor cycles, which in turn has had positive impact on demand for disc brake systems.
Expansion of Sales and Distribution Network to Remain an Important Strategy for Manufacturers to Gain Competitive Advantage
The disc brake systems market is highly competitive with the presence of both domestic as well as international players. High competition is experienced among the major disc brake system manufacturers. Consistent rise in the demand for improved safety has boosted the overall demand for advanced vehicular control and drive systems. Consequently, the demand for the disc brake systems has also escalated considerably. Disc brake system manufacturers are adopting various strategies such as strengthening their sales & distribution network and expansion of their global reach. Entering into partnerships with local distributors and service centers is another prime strategy adopted by the 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 accounting for more than XX% of the overall market value in 2017. The growth and investment opportunities in emerging markets such as India, China, and South-east Asia are expected to remain high in the coming years. The anticipated growth opportunity is reflective of the huge motor vehicle and motor cycle market in these countries. China represents the largest individual disc brake systems market worldwide. 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.
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 Kogyoa Co., Ltd, Mando Corporation and SWAG among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Disc Brake Systems market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Material
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Vehicle
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End-market
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
