disc break Market
Global Disc Brake Market is valued approximately USD 10.7 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.50% over the forecast period 2019-2026. 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, such as a vehicle axle, either to reduce its rotational speed or to hold it stationary. The energy of motion is converted into waste heat which must be dispersed. Rising demand for safety measures and favorable government regulation for minimizing stopping distance are the factors responsible for high CAGR of the market.
Access Full Report with TOC @ https://www.planetmarketreports.com/reports/global-disc-brake-market-to-reach-usd-17-7-billion-by-2026
Technological upgradation to make lightweight disc brakes is the factor that creates lucrative growth opportunities to the market over the forecast period. Also, increasing sale of automotive and increasing number of road accident is contributing towards growth of global Disc Brake market. For instance: it is estimated that total number of road accidents in 2017 is about 4,64,910 have been reported by States and Union Territories UTs in the calendar year 2017, claiming 1,47,913 lives and causing injuries to 4,70,975 persons. Further, disc brakes offer benefits such as optimal operation without the need of additional expenses for adjustment and cleaning, less cooling time and overall capacity that regulates their demand across various regions. However, low-end vehicle manufacturers avoiding the use of disc brakes due to the high cost involved is the major factor anticipated to limiting the market growth during the forecast period.
The regional analysis of global Disc Brake market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-pacific is the leading/significant region across the world in terms of market share owing to increasing number of passenger and commercial vehicle and increasing number of road accidents across the region. Europe is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing demand for luxury and performance vehicles, along with the safety norms for stopping of a vehicles across the region.
Major market player included in this report are:
EBC Brakes UK
TRW Automotive US
Nissin Kogyo Co. Ltd. Japan
Haldex AB Sweden
Federal-Mogul Motor parts LLC US
Knorr-Bremse AG India
Mando Automotive India Private Limited India
Akebono Brake Corporation Japan
Aisin Seiki Co., Ltd Japan
Brembo S.p.A. Italy
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Fixed Caliper
Floating Caliper
Sliding Caliper
By Application:
Passenger Vehicle
Commercial Vehicle
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Browse a Free Sample Report @ https://www.planetmarketreports.com/report-sample/global-disc-brake-market-to-reach-usd-17-7-billion-by-2026
Target Audience of the Global Disc Brake Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
Customizations available
In case of any queries or customization requirements please connect with our sales team sales@planetmarketreports.com which will ensure that your requirements are met
About Us:
Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe. We associated with global market research a publisher who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.
We have statistical surveying reports from number of top publishers and update our re tomers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns. We help you in your buy choice by mapping your data needs with our immense accumulation of reports.
Contact US:-
Name: Jennifer Daniel
Email-Id: sales@planetmarketreports.com
US: +1-716-2260907
UK: +447441952057
Organization: Planet Market Reports
As the world economy struggles to recover from the pandemic, the vaccination drive spells hope…
UAE based companies and agencies have no option but to penetrate new markets more effectively…
Latest Report on Global Sodium Chloride Injection including Market Landscape, and Market size, Revenues by…
Latest Report on Global Varicose Vein Treatment Devices including Market Landscape, and Market size, Revenues…
Latest Report on Global Colorectal Cancer Therapeutics Market including Market Landscape, and Market size, Revenues by players,…
To celebrate World Poetry Day, International Schools Partnership (ISP) has launched a student Poetry Contest…