Automotive Disc Brake Market Analysis and Forecast to 2031: By Type (Opposed Piston Type Disc Brake, Floating Caliper Type Disc Brake), Material Type (Cast Iron, Aluminum, Stainless Steel, Others), Vehicle Type [Passenger Vehicles, Light Commercial Vehicl

Automotive Disc Brake Market Analysis and Forecast to 2031: By Type (Opposed Piston Type Disc Brake, Floating Caliper Type Disc Brake), Material Type (Cast Iron, Aluminum, Stainless Steel, Others), Vehicle Type [Passenger Vehicles, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)], and Region

The global automotive disc brake market was valued at USD 15.5 billion in 2021 and it is anticipated to grow up to USD 21.8 billion by 2031, at a CAGR of 3.5% during the forecast period.

An automotive disc brake is one of the types of brake that consists of a disc rotor that rotates together with the wheel and a fixed brake caliper that is equipped with brake pads. Disc brakes offer several advantages, including optimal operation without the need for additional expenses for adjustment cleaning, overall capacity, and less cooling time.

Disc brakes offer better-stopping performance than drum brakes, as the disc is cooled readily. Further, disc brakes provide a more controlled and shorter braking distance irrespective of the road conditions, thereby ensuring the safety of the occupants.

Market Drivers and Trends

As the demand for automobiles is surging, the regulatory mandates for making automobiles safer are also increasing, thereby leading to a surge in demand for disc brakes. Several countries, such as India, have regulated safety-critical components within commercial and passenger vehicles, resulting in a rising demand for automotive disc brakes. For instance, as per Ministry of Road Transport and Highways (Government of India) data, The Government of India is deeply concerned about the growth in the number of road accidents, injuries, and fatalities in recent years. It recognizes that road accidents have now become a major public health issue, and the victims are mainly the poor and vulnerable road users. Further, the government is taking steps to ensure that safety features are built-in at the stage of design, manufacture, usage, operation, and maintenance of both motorized and non-motorized vehicles in line with international standards and practices to minimize adverse safety and environmental effects of vehicle operation on road users (including pedestrians and bicyclists) and infrastructure.

Moreover, the rise in road accidents due to brake failure compels government bodies to introduce new norms, which would help reduce fatalities. As per an article published by The Print, in January 2022, over 29,000 road accidents were reported, and 13,346 people died in these incidents in Maharashtra in 2021. And due to this, the Indian union minister for Road Transport and Highways has approved the Draft GSR Notification to introduce Bharat NCAP (New Car Assessment Program), wherein automobiles in India shall be accorded Star Ratings based upon their performance in Crash Tests.

Therefore, with all these government initiatives regarding road accident safety, the requirement for disc brakes increases due to better-stopping performance.

Market Restraints and Challenges

Compared to drum brakes, disc brakes are quite new and more advanced. They offer quite a high braking power for their size as well. Even small-size disc brakes offer quite a large braking power and can stop high-speed vehicles better than a drum brake can. As the disc brakes are open, they have good heat dissipation, ensuring they never overheat. Again, being open, they retain no unwanted material and thus don't fall to rusting or performance degradation.

Thus, with complex electronic and mechanical systems in disc brakes, the installation and maintenance of disc brakes are higher than the drum brakes. And from an automotive manufacturer's point-of-view also, there sometimes prefer drum brakes over disc brakes due to their cheap cost and easy maintenance, which can be quite a solid choice in the long run. Therefore, disc brake installation and maintenance costs can hinder market growth, especially in developing countries.

Global Automotive Disc Brake Market Segmental Overview

The report analyses the global automotive disc brake market based on type, material type, vehicle type, and region.

Global Automotive Disc Brake Market by Type

Based on type, it is bifurcated into opposed piston type disc brake and floating caliper type disc brake. The floating caliper type disc brake segment is likely to dominate the market during the forecast period. The market growth of this segment is increasing at a faster rate because it requires less parts compared to fixed caliper, less expensive to manufacture, and is generally made of cast iron or steel which in turn increases weight and heat compared to the aluminum fixed caliper. A heavy weight stops the disc faster than light weight. Similarly, the other benefit is that the floating caliper can better dissipate heat due to sliding nature and therefore less chances of brake fade. are further boosting the growth of the market.

Global Automotive Disc Brake Market by Material Type

Based on material type, it is segmented into cast iron, aluminum, stainless steel, and others. The cast iron segment is likely to hold the major share of the market. The growing benefits of using cast iron material due to its outstanding thermal characteristics, such as reduced deformability and good conductivity are boosting the growth of the market.

Global Automotive Disc Brake Market by Vehicle Type

Based on vehicle type, it is segmented into passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The passenger vehicles segment is likely to dominate the market during the forecast period.

Geographical Analysis of Global Automotive Disc Brake Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share during the forecast period. Manufacturing of a large number of vehicles across Asia-Pacific and rising government norms in India regarding road accidents are the key factors supporting the market growth in this region.

Major Players in the Global Automotive Disc Brake MarketCOVID-19 Impact

In 2020, due to the COVID-19 pandemic, global automobile manufacturers and suppliers faced a massive shortage of disc brakes. Due to mass lockdowns, travel bans, and business shutdowns, the COVID-19 pandemic had affected major economies and countless industries in various countries. The imposition of lockdown had resulted in a decline in production and service activities. The COVID-19 pandemic impact on the automotive sector had led to the shutting down of assembly plants, a slowdown in manufacturing processes, and disruptions in the supply chain. These resulted in a significant drop in vehicle sales in early 2020. Due to all these factors, the COVID-19 pandemic negatively impacted the global automotive disc brake market.

However, in 2021 and 2022, the production of automobiles increases globally; similarly, the manufacturing of disc brakes rises as per increased vehicle demand. Both these factors have led to positive market growth.

Recent Developments

• January 2022, DuraBrake announced the launch of its new line of air disc brake calipers in the North American market. The Alto line of products is designed for heavy-duty vehicles and will save more time and money, increase fuel economy, and maximize payloads.
• June 2021, Akebono Brake Corporation had added front brake coverage for a variety of Lexus and Toyota vehicles in the ProACT Ultra-Premium Disc Brake Pad line. This kit also includes premium 301 stainless steel abutment hardware.
• June 2021, EBC Brakes launched a two-piece fully floating brake disc range, 380x30mm SG2F012 (rear) discs and the 380x34mm SG2F016 (front) discs for ‘Turbo’ and ‘Turbo S’ 991-generation Porsche 911s and the 981 Cayman GT4.

Frequently Asked QuestionsQ1. How big is the automotive disc brake market?Ans. The global automotive disc brake market size was USD 15.5 billion in 2021 and is anticipated to reach USD 21.8 billion in 2031, growing at a rate of 3.5% from 2022 to 2031.Q2. What is the automotive disc brake market growth rate?Ans. The growth rate of the automotive disc brake market is 3.5% from 2022 to 2031.Q3. Which region holds a major market share for the automotive disc brake market?Ans. Asia Pacific holds a major market share of the automotive disc brake market in 2021.Q4. Which segment accounted for the largest automotive disc brake market share?Ans. By type, the floating caliper type disc brake segment accounted for the largest automotive disc brake market share.Q5. Who are the key players in the automotive disc brake market?Q6. What are the factors driving the automotive disc brake market growth?Ans. The major factors driving the growth of the market are growing norms for reducing fatalities caused due to vehicle accidents.Q7. What are the key growth strategies of automotive disc brake market players?Ans. The key growth strategies of automotive disc brake market players are product launch and product approval.Q8. Which region will provide more business opportunities for the automotive disc brake market during the forecast period?Ans. The Asia Pacific region will provide more business opportunities for the automotive disc brake market during the forecast period.

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