Automotive Disc Brake Market Analysis and Scope (2023 to 2031)
Automotive Disc Brake Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 16,789.44 Million |
Market Size by 2031 | US$ 23,200.81 Million |
Global CAGR (2023 - 2031) | 4.1% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Automotive Disc Brake Market News and Recent Developments
The automotive disc brake market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive disc brake market are listed below:
- ADVICS, the leader in advanced braking technology and member of the AISIN Group of companies, is expanding its brake rotor product line by adding approximately 28 million to its vehicle in operation (VIO) axle coverage. Each of the 67 brake rotors are certified high-carbon and fully coated, offering premium protection against rust and corrosion. (Source ADVICS News-letter, October 2022)
- ZF Aftermarket continues its expansion in India and the country becomes a hub for TRW's shock absorber manufacturing expertise through its manufacturing facility in the region. ZF Aftermarket made significant strides in expanding its product and solutions range for the Indian market by introducing TRW shock absorbers, brake pads, and brake discs. In line with its ‘Make in India’ for India commitment, ZF is now focused on fortifying its TRW shock absorber manufacturing capabilities in India, with a focus on cultivating a highly skilled talent pool to not only manufacture but also research, develop, and design in the country. (Source: ZF Friedrichshafen AG Newsletter, February 2024)
Automotive Disc Brake Market Report Coverage and Deliverables
The “Automotive Disc Brake Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive disc brake market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive disc brake market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Automotive disc brake market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the automotive disc brake market
- Detailed company profiles