High Performance Disk Brake Market Entry Strategies, Countermeasures of Economic Impact and Marketing Channels to 2025
According to a new report published by Reports Monitor titled, Global High performance disk brake Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the global High performance disk brake market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
A brake system is a component that is used to reduce the speed of a vehicle. A disc brake is used to slow down or stop the rotation of a wheel using brake pads, brake callipers, and brake discs. Drum brake uses brake shoes to create friction and slow down or stop a vehicle, and disc brakes use brake pads for slowing down or stopping. Disc brakes are usually made of materials such as cast iron, reinforced carbon, and ceramic composites.
NA (North America) disc brake market is driven by factors such as fast growth in the luxury and sports vehicle segment and stringent emission norms which is caused at the time of stopping vehicle which uses drum brakes. The growing demand for higher performing vehicles and longer service intervals are some of the factors driving the disc brake market for the region around Asia Pacific. Currently, disc brakes are used in almost all of the modern vehicles for the front two wheels to insure safety which is leading to market growth. The road safety norms which have reduced the stopping distance and the enhanced performance of vehicles is the main reason for the growth of the disc brakes market in this region
The lower end vehicles manufactured in Asia Pacific refrain from using disc brakes due to its initial cost. Further concentration of the market with smaller and cheaper vehicles using drum brakes acts as a restraining factor.
The global high performance disk market can be segmented on the basis of types covered which include opposed piston type, floating calliper type. Further on the basis of application the market is segregated as medium & heavy commercial vehicles (HCVs), passenger cars; light commercial vehicles (LCVs).
The global high performance disk brake market is studied across: North America, Europe, Asia Pacific and LMAEA (Latin America, Middle East and Africa). Asia-Pacific region is huge producer of automobiles across all the regions as it is the largest manufacturer of disc brake. Europe is also the attractive market for disc brake, as it is also manufacturing automobile in huge numbers globally and the use of disc brakes in this sector has increased exponentially in the recent times.
The prominent players in this market are Aisin Seiki Co. Ltd., Accuride Gunite, Akebono Brake Industry Co. Ltd., Brembo SpA, Continental AG, EBC Brakes, Federal-Mogul Holdings, Haldex, Halla Mando, Kiriu, Nissin Kogyo.
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