Global Cast Iron Brake Disc Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cast Iron Brake Disc Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Cast Iron Brake Disc market finds that the global Cast Iron Brake Disc market reached a value of USD 5591.12 million in 2022. It’s expected that the market will achieve USD 6896.0 million by 2028, exhibiting a CAGR of 3.56% during the forecast period.

Market expansion in developing countries

With the rapid development of manufacturing industries in developing countries such as China and India, the market for drum brakes is also expanding. At the same time, with the urbanization, the increase in the number of construction activities and the government's smart city initiatives will also promote the development of the drum brake market.

Development of the automotive industry

The global automotive industry is now maturing. In recent years, the global total vehicle production has shown a steady growth trend. With the development of technology and technology upgrades, the automotive industry will also usher in a new wave of development, which will inevitably lead to the expansion of the drum brake market.

Product innovation and improvement

With the rapid development of science and technology, products need constant innovation and improvement to adapt to the market. The upgrade of technology overcomes the shortcomings of the product, such as the hot drawbacks, the drum brake market will gain a greater competitive advantage and further expand the market.

The product has some defects

Drum brakes have problems such as poor heat dissipation and poor water stability. If these defects cannot be improved, the market for drum brakes may be affected.

There are counterfeit products in the market

There are some pirated or poor-quality products in the drum brake market. This can have very bad effects and there will be some after-sales problems. How to combat these products is a challenge for the drum brake market.

Region Overview:

China dominated the Cast Iron Brake Disc market in 2022, with a market share of 30.75%.

Company Overview:

Continental is one of the major players operating in the Cast Iron Brake Disc market, holding a share of 12.63% in 2023.

Continental

Continental is a German manufacturer of the transportation industry. The main products are tires, brake systems, body stability control systems, engine injection systems, tachometers and other automotive and transportation parts.

TRW Aftermarket

The TRW brand is part of ZF Aftermarket, leader in the world for Original Manufacturer [OE] quality automotive safety products.

Segmentation Overview:

Among different product types, Leading/trailing Shoe segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger Car segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cast Iron Brake Disc market covered in Chapter 3:

TRW Aftermarket
CBI
BDL
Aisin Seiki
NISSIN KOGYO
Akebono Brake Industry
BPW
Continental
Knorr-Bremse
Zhejiang Asia-pacific Mechanical & Electronic
Jiangsu Hengli Group
Mando Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Cast Iron Brake Disc market from 2018 to 2029 is primarily split into:

Leading/Trailing Shoe Duplex
Twin Leading Shoe
Duo Servo

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cast Iron Brake Disc market from 2018 to 2029 covers:

Motocycles and Scooters
Passenger Car
Commercial Vehicle
Rail and aircraft
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)