Automotive Brake Disc Market Growth, Size, Share, Trends, and Forecast 2030

Automotive Brake Disc Industry Prospective:

The global automotive brake disc market size was evaluated at $11 billion in 2022 and is slated to hit $20 billion by the end of 2030 with a CAGR of nearly 7.51% between 2023 and 2030.

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Automotive Brake Disc Market: Overview

Automotive brake discs saves time of commuter in halting the speed of the vehicle, thereby avoiding collision of vehicle. Furthermore, disc brakes help in proposing a small and well-ordered stopping distance in hazardous conditions. Reportedly, the brake discs need to be cost-efficient and their operations are required to be compatible in various kinds of vehicles. Furthermore, the automotive brake disc comprises of a disc rotor which rotates along the wheel and provides safe & efficient braking.

Key Insights

• As per the analysis shared by our research analyst, the global automotive brake disc market is projected to expand annually at the annual growth rate of around 7.51% over the forecast timespan (2023-2030)
• In terms of revenue, the global automotive brake disc market size was evaluated at nearly $11 billion in 2022 and is expected to reach $20 billion by 2030.
• The global automotive brake disc market is anticipated to grow rapidly over the forecast timeline owing to a surge in the spending on vehicles and a prominent increase in the production of high-speed automotive.
• In terms of type, the floating caliper segment is slated to register the highest CAGR over the analysis period.
• Based on application, the passenger cars segment is expected to dominate the segmental growth over the assessment timeline.
• Region-wise, the North American automotive brake disc industry is projected to register the fastest CAGR during the assessment timeline.

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Automotive Brake Disc Market: Growth Factors

Increase in high-speed vehicle manufacture will embellish the global market trends

Surge in spending on vehicles and a prominent increase in the production of high-speed automotive will steer the growth of the automotive brake disc market across the globe. In addition to this, a rise in the number of road trips and an increment in the youth population preferring technologically upgraded automotive will steer the expansion of the market across the globe. An increase in the purchase of sedans and SUVs will boost the global market trends. An immense surge in the sale of commercial and passenger vehicles across the globe will steer the expansion of the market globally. In addition to this, a rise in the demand for luxury vehicles, an increase in the use of brake discs in commercial automotive, and stringent safety norms pertaining to vehicle driving will prompt the expansion of the market across the globe. New product launches will propel the scope of the global market growth in the years to come. For instance, in April 2023, ZF Aftermarket, a key player in driveline & chassis technology and manufacturer of safe technology, launched three TRW products for aiding car brake repairs in India. Reportedly, the three TRW items include brake discs, shock absorbers, and brake pads.

Automotive Brake Disc Market: Restraints

Fluctuation in raw material costs can impede the expansion of the global industry

Oscillation in the costs of raw components and a rise in fuel emission from vehicles can put brakes on the global automotive brake disc industry globally.

Automotive Brake Disc Market: Opportunities

Flourishing developing countries can open new growth avenues for the global market

Rapidly expanding economy of the emerging economies has resulted in huge production, sale, and demand for vehicles globally. This has contributed majorly to the elevation of the global automotive brake disc market size in recent years.

Automotive Brake Disc Market: Challenges

Stringent regulations can prove to be detrimental to the growth of the global industry

Strict laws pertaining to the use of brake discs in vehicles can prove to be a huge challenge for the global automotive brake disc industry in the current years.

Automotive Brake Disc Market: Segmentation

The global automotive brake disc market is sectored into type, application, and region.        

In type terms, the global automotive brake disc market is segregated into fixed caliper, sliding caliper, and floating caliper segments. Furthermore, the floating caliper segment, which amassed nearly 47% of the global market revenue share in 2022, is projected to register the fastest CAGR in the ensuing years. The growth of the segment during the assessment period can be due to the ability of these products to dissipate heat. Furthermore, the floating rotor reduces the risk of vehicle overheating and wrapping, thereby improving brake disc performance.

Based on the application, the global automotive brake disc industry is sectored into passenger cars, commercial vehicles, motorcycles & scooters, and others segments. Moreover, the passenger cars segment, which garnered a major chunk of the global industry share in 2022, is projected to lead the global industry over the projected period. The segmental expansion over the assessment timeline can be subject to a rise in the use of automotive brake discs in passenger cars.

Automotive Brake Disc Market: Report Scope

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Automotive Brake Disc Market: Regional Insights

Europe is preicted to maintain its dominant position in the global automotive brake disc market over the analysis timeline

Europe, which contributed about 55% of the global automotive brake disc market revenue in 2022, will be a dominating region over the projected timeline. Additionally, the regional market expansion can be subject to rise in the presence of giant firms in countries such as Germany, France, and the UK. Moreover, the presence of key automotive manufacturers in Germany, Italy, France, Luxemburg, and the UK will steer the regional market trends.

North American automotive brake disc industry is set to register the fastest CAGR in the upcoming years owing to a rise in the production of passenger vehicles and light commercial cars in countries such as the U.S. Growing demand for improving vehicle performance will boost the product penetration in the automotive sector, thereby helping the industry grow at an exponential rate in the region.

Automotive Brake Disc Market: Competitive Space

The global automotive brake disc market profiles key players such as:

• Brembo
• Kiriu
• Continental AG
• Aisin Seiki
• TEXTAR
• ZF TRW
• Remsa
• AC Delco
• Bocsh
• EBC Brakes
• Winhere
• Lpr Break
• Accuride Gunite.

The global automotive brake disc market is segmented as follows:

By Application

• Passenger Cars
• Commercial Vehicles
• Motorcycles & Scooters
• Others

By Type

• Fixed Caliper
• Sliding Caliper
• Floating Caliper

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa