Automotive Disc Brake Market Industry Trends, Statistics, Analysis by 2024

1. Global Automotive Disc Brake Market Size, Share, Trends, Industry Analysis Report and Forecast, 2016 - 2024: Global Market Insights Inc. The Report on“Automotive Disc Brake Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share & Forecast, 2016 – 2024”,Automobile manufacturers are increasingly deploying automotive disc brake system in vehicles owing to increasing demand for safety along with enhanced riding experience. These solutions provide benefits such as high overall capacity, less cooling time, and optimal operation without the requirement of extra expenses for cleaning and adjustment. Compared to traditional solutions, these are less susceptible to warping or brake fade with temperature thus enable optimum performance in all weather conditions. For instance, in 2009, to minimize the gap between stopping capacity of heavy weight trucks and passenger cars National Highway Traffic Safety Administration introduced amendments in braking standards. To comply with such distinct regional standards automobile manufacturers are increasingly deploying high performance systems in vehicles. Moreover, technology drawbacks such as less customizable flexibility and stopping time inconsistency will hamper the adoption rates of these systems. This is owing to the system designs that have very closed assembly as compared to traditional cable drum systems. Minor disorientation or errors in this assembly may require tiresome service efforts or replacement of entire system. Advancements such as good thermal conductivity, low noise, long durability, low wear rate, and steady friction disc braking systems offer a good price/benefit ratio to end users contributing to overall industry development. Moreover, automotive disc brake market is witnessing advent of advenced technological developments such as boosters and electric-mechanical systems. These advancements are expected to present potential growth avenues over the forecast timeline. Commercial vehicles can be further segmented as Light Weight Vehicle (LCV) and Heavy Weight Vehicle (HCV). Passenger vehicle segment accounted for the highest industry share is expected to dominated through 2024. Europe automotive disc brake market size is expected to witness considerable growth in coming years owing to healthy economic recovery, presence of large 1 | P a g e

2. automobile production facilities and huge demand for high performance vehicles. Due to these factors, Europe held the second largest market share in 2015. Regional growth can be attributed to presence of large automobile manufacturers number in the region and rising demand for passenger and commercial vehicles with enhanced features. China, Japan, and India are the major growth contributing countries in the region. China dominates the regional industry share owing to its dominance in automobile production and large customer base. Key vendors in global automotive disc brake market include EBC Brakes, TRW Automotive, Hyundai Mobis, Nissin Kogyo, Haldex, Federal Mogul, Knorr-Bremse, Halla Mando, Akebono, NUCAP, and Aisin Seiki among others. Key market players are focusing on new product development and to maintain their position and sustain in competitive automotive disc brake market. For instance, in September 2016, Knorr-Bremse is announced its plans to invest in R&D activities for the development of next generation brakes for heavy-duty commercial vehicles. In February 2017, Federal-Mogul and NUCAP industries formed strategic alliance to develop solutions in friction category specifically aimed for increasing demands in North America. The joint venture was to develop a product with improved performance and safety. Browse Related Report: • Automatic Emergency Braking (AEB) Market Size By Vehicle Type (Commercial Vehicles, Passenger Vehicles), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024 About Global Market Insights: Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 2 | P a g e

3. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com Blog: https://gminsights.wordpress.com Connect with us:Facebook|Google+ | LinkedIn | Twitter 3 | P a g e