Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global automotive disc brake market is
estimated to garner a sizeable revenue by growing at a CAGR of ~8.5% over the
forecast period, i.e., 2022–2030. The market is segmented on the basis of material,
into cast iron, aluminum, stainless steel, and others, out of which, the stainless-steel
segment is projected to garner the largest revenue in the market during the forecast period owing to
the high strength of steel. Moreover, it is more durable, and affordable, as
compared to other materials.
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Strategic Report: https://www.researchnester.com/sample-request-3170
The global automotive disc brake market is
estimated to grow on the back of increasing demand for safer vehicles to curb
the cases of road crashes. The growing concerns for the safety of drivers,
especially in two-wheelers, is expected to boost the market growth. Moreover,
increasing cases of road accidents, and government regulations to reduce the deaths
caused by these accidents is estimated to further boost the market growth. According
to the data by the World Health Organization, on an average, road accidents
cause a loss of 3% for any country’s GDP, which is why governments are paying
utmost attention towards the safety standards of the vehicles.
Regionally, the global
automotive disc brake market is
segmented into five major regions including North America, Europe, Asia
Pacific, Latin America and Middle East & Africa region. The market in the North America is foreseen to witness the largest
share for the market during the forecast period on the back of growing
automotive sector, increased production of automobiles, and high incidences of
road accidents. According to the report
by the Association for Safe International Road Travel (ASIRT) around 38,000 deaths
are caused every year by road crashes in the United States.
Rising Cases of Road Accidents
and Growing Safety Concerns for Drivers to boost the Market Growth
According to the other report by the WHO,
approximately 1.35 million people die each year due to road accidents.
Road
accidents are a major cause of fatality globally, which is why governments are
concerned for the safety standards of vehicles. Increasing mortality rate of
road accidents, and rising cases of vehicle crashes, is the major growth driver
for the market. Moreover, disc brakes are efficient in controlling the vehicle,
even at a reasonably high speed, which is expected to further boost the market
growth.
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However, high
production cost of disc brakes is expected to operate as key restraint to the
growth of the market over the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global automotive disc brake market which includes company profiling of Accuride Corporation, Aisin Corporation, Haldex Brake Products
Corp., Continental AG, Brembo S.p.A., EBC Brakes, Knorr-Bremse AG, Nissin Kogyo
Co., Ltd., Robert Bosch GmbH, and ZF Friedrichshafen AG. The profiling enfolds
key information of the companies which encompasses business overview, products
and services, key financials and recent news and developments. On the whole,
the report depicts detailed overview of the global automotive disc brake market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
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Report Sample@ https://www.researchnester.com/sample-request-3170
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
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